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DIFC and DWTC launch MEFX

  • United Arab Emirates: Wednesday, March 12 - 2008 at 14:15
  • PRESS RELEASE

The Dubai International Financial Centre (DIFC), the world's fastest growing financial centre, and Dubai World Trade Centre (DWTC), the region's leading exhibition organiser, today announced the official launch of MEFX, the first Middle East International Banking, Financial Technology and Services Exhibition and Conference.

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  • Left to right: Helal Al Marri, Director General, DWTC, Nasser Alshaali, CEO, DIFC Authority and Trixee Loh, Senior Vice President - Exhibition Events management, DWTC.
    Left to right: Helal Al Marri, Director General, DWTC, Nasser Alshaali, CEO, DIFC Authority and Trixee Loh, Senior Vice President - Exhibition Events management, DWTC.
The Memorandum of Understanding (MOU) signed between the two organisations marks the beginning of a strategic partnership for the development of a significant event for the banking and financial sector in the region.

A trade only event focusing on banking products, financial technology and professional services for the financial services industry, MEFX will showcase cutting edge technology, commercial and Islamic banking products, high-net worth financial management and business process outsourcing solutions, designed to meet the growing needs of the rapidly expanding regional banking and finance industry.

MEFX will offer institutions in the region the opportunity to network and preview the products and services of global, regional and local financial institutions and will encourage and promote relationships between the region's business and financial community.

His Excellency Dr. Omar Bin Sulaiman, Governor of the DIFC said:

"The financial sector has become a key contributor to the economic success of Dubai. As set out in the Dubai government's plan 2015, it is estimated that the contribution of financial services to Dubai's GDP will more than quadruple from $3.4bn today to $15bn by 2015. This event falls directly in line with the DIFC's role as the region's leading international financial centre encompassing a diversity of sectors. Through MEFX, the DIFC will strengthen the dialogue between east and west and will encourage financial institutions to work more actively together to establish bridges of co-operation and understanding throughout the financial industry."


Nasser Al Shaali, CEO of DIFC Authority added: "MEFX will be more than just an exhibition; MEFX will be a dedicated business, education and networking experience enabling vendors and visitors alike to share experiences, engage in open dialogue and identify best practice. MEFX will provide an invaluable opportunity for the region's decision makers to debate and discuss the latest innovations and developments that will drive the industry successfully into the future."

Helal Saeed Al Marri, Director General of DWTC, commented: "As the region's leading organiser and destination for international exhibitions, conferences and meetings, DWTC is proud to be part of developing this important specialised sector in partnership with the DIFC."

"We hope to provide, through MEFX and with the support of DIFC, an important platform for information sharing, networking and idea generation, as well as working with the financial sectors to encourage innovations and development. MEFX provides a specialised platform for the banking and finance community to identify best practice and engage in open dialogue to ensure the continued expansion of this dynamic sector in the region," added Al Marri.

MEFX will bring together companies and professionals from all aspects of the financial services industry such as; Banking and Brokerage, Islamic Finance, Wealth Management and Capital Markets.

Proudly presented by DIFC and organised by DWTC, MEFX will be held at the Dubai International Convention and Exhibition Centre from 1-3 June 2008.
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Notes and media contacts

Media enquiries:

DIFC:
Amira Abdulla
PR Manager
Tel: +971 4 362 2433
Shaima Al Zarouni
Assistant PR Manager
Tel: +971 4 362 2432
Dubai International Financial Centre

Iman Ahmad
Regional Media Relations Manager
Dubai International Financial Centre
Tel: +971 4 362 2685

DWTC:
Yvonne Zeljkovic
Dubai World Trade Centre
Tel: + 9714 308 6597
Fax: + 9714 318 8607

tamra C2:
Ashish Kumar
tamra C2
Tel: +9714 2951177
Fax: +9714 295 1188

About DIFC
Website: www.difc.ae

The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services.

In just three years, over 550 firms have registered at the DIFC. They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

About MEFX
Website: www.mefxevent.com

MEFX - The Middle East International Banking, Financial Technology & Services Exhibition and Conference, is the leading exhibition of services and products for the financial and banking sector in the Middle East, Africa and South Asia (MEASA) region. MEFX connects leading finance, professional services and technology suppliers with the region's key decision-makers and provides a critical showcase for the latest technological developments affecting the financial and banking industries.
MEFX will be held at the Dubai International Convention and Exhibition Centre in the Sheikh Rashid Hall, 1-3 June 2008. For further information please visit www.mefxevent.com.

About Dubai World Trade Centre (DWTC)
Website: www.dwtc.com
As the organiser of MEFX, Dubai World Trade Centre offers over 29 years' experience of delivering world-class events in the Middle East, providing local, regional and international exhibitors with unmatched expertise and in-depth market knowledge. Our team organises 15 of the largest and most successful international and regional shows in Middle East, providing an ideal platform for business development in the region.
Our commitment to ongoing innovation within the exhibition industry has supported the rapid growth and development of a wide range of business-to-business and business-to-consumer shows, and delivered consistent satisfaction to exhibitors and visitors. DWTC works with the leading trade bodies and industry associations to ensure that all exhibitions deliver full value and are built upon the real needs of their specific sector.

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