WTC to host first banking expo

(SUPPLIED)   

Dubai World Trade Centre (DWTC), a leading exhibition organiser, yesterday said it will host the first Middle East International Banking, Financial Technology and Services Exhibition and Conference (MEFX) held from June 1-3, 2008, a statement said yesterday.

The Dubai International Financial Centre (DIFC), the world’s fastest growing financial centre, and DWTC signed the Memorandum of Understanding (MoU) in this regard in Dubai yesterday.

The event will focus 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 relationships between the region’s business and financial community.

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 (Dh12.5bn) today to $15bn by 2015.

“This event falls 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 industry.”