The Forum also witnessed the announcement of the Hawkamah Institute for Corporate
Governance's '2008 UAE Bank Corporate Governance Award'.
H.E. Kamal Nath spoke to the audience about the strong historical, commercial and economic ties between the UAE and India and the importance of strengthening partnerships between the two countries. He also shared his thoughts on the growth of the Indian economy and the opportunities that this promising market offers the UAE and the region.
Mr. Sulaiman Al Mazroui, President of Emirates Bankers' Forum said, "I would like to take this opportunity to express my gratitude to H.E. Shri Kamal Nath for his support to the Forum."
Later during the event, Dr. Nasser Saidi, Director of Hawkamah launched the 'UAE Bank Corporate Governance Award'. He said, "The award will evaluate corporate governance standards in the UAE banking industry against international best practices. This will enable Banks to obtain an independent and credible assessment of the quality and extent of their corporate governance practices, which will be used as a reference to set benchmarks for further improvements."
Mr. Sulaiman Al Mazroui, President of Emirates Bankers' Forum said, "I would also like to call upon all UAE Banks to participate in the 2008 UAE Bank Corporate Governance Award. Initiatives such as these motivate our industry to improve and exceed performance expectations. The Emirates Bankers` Forum has grown in popularity and in profile since it was launched. It has proved to be an ideal platform for senior executives of the banking and finance industry to exchange views and expertise."
As India's minister of commerce and industry, Shri Kamal Nath has undertaken major trade policy initiatives. During 2004, he announced for the first time, a comprehensive Foreign Trade Policy that laid out a coherent roadmap for trade development with a twin focus on exports as well as employment. India's merchandise exports rose to around $80bn registering over 24% growth in 2004-05 over the previous year. Under his leadership, major bilateral trade initiatives were forged with countries like China and Pakistan. There was also significant progress in the area of regional trade agreements.
The 2008 UAE Bank Corporate Governance Award is organized by the Hawkamah Institute of Corporate Governance. The Award seeks to encourage and promote the adoption and implementation of good corporate governance practices among banks in the UAE. The winner and two runner-ups of the Award will be announced during the Emirates Bankers' Forum Lunch in October 2008, in Dubai.
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The Emirates Bankers' Forum hosts Indian Minister of Commerce and Industry
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The Emirates Bankers' Lunch organized by Mr. Sulaiman Al Mazroui, President Emirates Bankers' Forum, hosted H.E. Shri Kamal Nath, India's Minister for Commerce and Industry.
Mr. Sulaiman Al Mazroui, President of Emirates Bankers' Forum.
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Posted by Lara Lynn Golden, News EditorSunday, April 27 - 2008 at 14:16 UAE local time (GMT+4)
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Notes and Media Contacts »
About the Emirates Banker's Forum:
The Emirates Bankers' Forum is a monthly gathering organized by Mr. Suleiman Al Mazroui, General Manager Marketing and Corporate Communications, Emirates NBD for the veterans of the local and regional banking and finance industry. The gathering has evolved over the years to become a forum which provides an excellent networking experience and an opportunity to exchange views and expertise. As part of the continuous development efforts of the forum, the Corporate Governance Award has recently been launched in cooperation with Hawkamah Institute for Corporate Governance.
The Emirates Banker's Forum is held at the Dubai International Financial Centre (DIFC) and always hosts a guest speaker who addresses the assembly about issues relating to trade, economy, banking and Finance. Some of the key speakers at the forum were, H.E. Shaikha Lubna Al Qassimi - UAE Minister of Foreign Trade, H.E. Sultan Bin Nasser Al Suwaidi, Governor of the UAE Central Bank.
About Hawkamah- The Institute for Corporate Governance
Hawkamah, the Institute for Corporate Governance is an international association of corporate governance practitioners, regulators and institutions whose primary mandate is to develop corporate governance best practices in the Middle East region. Launched in February 2006, Hawkamah is working to create a system of governance that promotes institution building, corporate sector reform, good governance, market development and increased investment and growth across the region.
The Institute aims to foster investor confidence through the development of efficient financial markets and banking systems, and to help shape the changing corporate governance landscape in the MENA region. Hawkamah was established in partnership with the Dubai International Financial Centre (DIFC), Organisation for Economic Cooperation and Development (OECD), UAE Ministry of Finance and Industry, Centre for International Private Enterprise (CIPE), International Finance Corporation (IFC), the Union of Arab Banks (UAB), Dubai School of Government (DSG), Young Arab Leaders (YAL), and the Institute of Management Development (IMD). The name Hawkamah combines three Arabic words: 'Hukuma' (government), 'Hukm' (judgement) and 'Hikmah' (wisdom). (www.hawkamah.org)
For more information, please contact:
Ibrahim Soweidan
04-6094113
Ramy Lawand
04-2012204
Claire Andrea
04- 6094143
Media Inquiries on Hawkamah:
Amira Abdulla
Director- Regional Public Relations
Dubai International Financial Centre
Tel: +971 4 362 2433
Iman Ahmad
Regional Media Relations Manager
Dubai International Financial Centre
Tel: +971 4 362 2685
The Emirates Bankers' Forum is a monthly gathering organized by Mr. Suleiman Al Mazroui, General Manager Marketing and Corporate Communications, Emirates NBD for the veterans of the local and regional banking and finance industry. The gathering has evolved over the years to become a forum which provides an excellent networking experience and an opportunity to exchange views and expertise. As part of the continuous development efforts of the forum, the Corporate Governance Award has recently been launched in cooperation with Hawkamah Institute for Corporate Governance.
The Emirates Banker's Forum is held at the Dubai International Financial Centre (DIFC) and always hosts a guest speaker who addresses the assembly about issues relating to trade, economy, banking and Finance. Some of the key speakers at the forum were, H.E. Shaikha Lubna Al Qassimi - UAE Minister of Foreign Trade, H.E. Sultan Bin Nasser Al Suwaidi, Governor of the UAE Central Bank.
About Hawkamah- The Institute for Corporate Governance
Hawkamah, the Institute for Corporate Governance is an international association of corporate governance practitioners, regulators and institutions whose primary mandate is to develop corporate governance best practices in the Middle East region. Launched in February 2006, Hawkamah is working to create a system of governance that promotes institution building, corporate sector reform, good governance, market development and increased investment and growth across the region.
The Institute aims to foster investor confidence through the development of efficient financial markets and banking systems, and to help shape the changing corporate governance landscape in the MENA region. Hawkamah was established in partnership with the Dubai International Financial Centre (DIFC), Organisation for Economic Cooperation and Development (OECD), UAE Ministry of Finance and Industry, Centre for International Private Enterprise (CIPE), International Finance Corporation (IFC), the Union of Arab Banks (UAB), Dubai School of Government (DSG), Young Arab Leaders (YAL), and the Institute of Management Development (IMD). The name Hawkamah combines three Arabic words: 'Hukuma' (government), 'Hukm' (judgement) and 'Hikmah' (wisdom). (www.hawkamah.org)
For more information, please contact:
Ibrahim Soweidan
04-6094113
Ramy Lawand
04-2012204
Claire Andrea
04- 6094143
Media Inquiries on Hawkamah:
Amira Abdulla
Director- Regional Public Relations
Dubai International Financial Centre
Tel: +971 4 362 2433
Iman Ahmad
Regional Media Relations Manager
Dubai International Financial Centre
Tel: +971 4 362 2685
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