UAE: Dubai signs MoU with REDmoney Group

images-1  DUBAI : The Dubai Economic Council signed an MoU with REDmoney Group a publishing and events company focusing purely on the global Islamic financial market, and the parent company of Islamic Finance news.

Signing the MOU on behalf of DEC, H.E. Hani Rashid Al Hamli, Secretary General of DEC with REDmoney Group, represented by Mr. Andrew Morgan, Managing Director and Publisher in the presence of the DEC executive team.

Also Attending from REDmoneys’ side was Ms. Geraldine Chan Director & Deputy Publisher.

In this occasion HE Hani Al Hamli, said, “I’d like to thank REDmoney for collaborating with us on strategic projects that will not only support Dubai Government’s initiatives but will also boosts the economy and sustainable economic development in Dubai and the UAE.” He also said, “We’re looking forward to a fruitful collaboration in the near future.”

Al Hamli added, “Our collaborations with the private sector is part of DEC’s role as a strategic partner to Dubai Government in economic decision-making with the intention to encourage participation of private sector in the economic development of the Emirate through discussing the policies and economical plans as well as provision of necessary consultation; besides improvement of national economy, development of businesses’ environment, acquisition of business community’s confidence, enhancement of long term local businesses’ environment along with enhancement of the competitive edge of Dubai economy in the international markets.”

Al Hamli also pointed out, “The main objectives of this cooperation is to provide a general framework of support for strategic cooperation in different fields and in particular, to encourage the exchange of advice, knowledge, contacts and particulars related to issues of mutual interest in the direction that helps in attainment of both parties’ objectives; in addition to encourage the unification of efforts and resources of both Parties in respect of the specific collaborative projects.”

On this vein, Al Hamli stressed, “Islamic economy initiative launched by the Government of Dubai is on the top of DEC agenda; hence the agreement with REDmoney would facilitate the implementation of the said agenda.”

Andrew Morgan, Managing Director of REDmoney Group, said, “We are extremely grateful to the Dubai Economic Council for this opportunity, and are confident of making significant contributions across all collaborations, based on REDmoney Group’s extensive reach and experience in the Islamic finance industry.” “Our expertise in Islamic finance events is also unrivalled, while our research capability is further strengthened by our vast interactions with industry players; allowing access to invaluable primary data and research,” Mr. Morgan added.

Mr. Morgan expressed his hope that REDmoney would play a key role in the development of the Dubai government’s aim to become a global capital for Islamic economy and financial hub, and look forward to a fruitful partnership with the DEC.

The scope of collaboration between the DEC and REDmoney shall include collaborate in the design, organization and hosting of various conferences, forums and seminars on a non-exclusive basis. It also includes launching conferences, forums and seminars from either parties’ sources. In addition of exchange of knowledge and expertise this includes studies, memorandums, statistics and any information or reports available therewith whether commercial, economic, financial or legal related to the joint projects.

The collaboration is mainly aimed at enlightenment of business community through publication of reports and studies related to different sectors inside the Emirate of Dubai in particular and the UAE in general. The collaboration also includes assistance in the development of joint events and training programmes and the development and execution of joint and collaborative research activities and publications in various fields, in addition to offering sponsorship opportunities of events of mutual interest.