Dubai to host Middle East financial services exhibition

May 28th, 2008 - 6:53 pm ICT by admin  

Dubai, May 28 (IANS) Dubai will host the first Middle East International Banking, Financial Technology and Services Exhibition and Conference (MEFX) that is expected to offer a platform for product and knowledge exchange, WAM news agency reported Wednesday. Organised by the Dubai World Trade Centre (DWTC), the exhibition will be held at Dubai International Convention and Exhibition Centre June 1-3.

According to the organisers, the event will bring together professionals from financial technology companies and financial service providers in a wide range of sectors, including banking and brokerage, Islamic finance, wealth management, asset management and capital markets.

Over 70 participating companies from 20 countries will showcase advancement in products, technologies and services in the financial industry at the exibition, Dubai World Trade Centre officials said.

Leading companies from the UAE, Switzerland, the US, Germany and Italy will showcase their latest solutions for financial markets, customer facing technologies and enterprise applications, making the exhibition an invaluable sourcing and procurement platform for the industry, the organisers said.

Helal Saeed Al Marri, director general of Dubai World Trade Centre, said: “As the regional financial industry continues its unprecedented growth, we are delighted to create an annual fixture in the event calendar to facilitate the networking of the region’s market leaders and emerging players with global suppliers in financial technologies and services.”

“MEFX will evolve to be a most productive platform to accelerate the product and knowledge exchange within the regional financial community to ensure it keeps abreast of the dynamic momentum of development,” he added.

The UAE banking sector is the largest in the Gulf Cooperation Council (GCC) and its annual growth rate of 35 percent exceeds the country’s GDP growth rate.

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