Dubai Economic Council collaborates with REDmoney Group for economic development in the UAE - IFN

Dubai Economic Council collaborates with REDmoney Group for economic development in the UAE

Daily Cover

GLOBAL: The Dubai Economic Council (DEC) has recently signed an MoU with Malaysia-based publishing company, REDmoney Group (REDmoney) to boost and sustain the economic development in Dubai and the UAE. The MoU was signed by Hani Rashid Al Hamli, secretary-general of the DEC together with Andrew Morgan, managing director and publisher of REDmoney, in the presence of the DEC executive team in Dubai. With an aim to support the Dubai government’s initiatives to turn Dubai into the global capital of the Islamic economy, the collaboration commensurates with the DEC’s role as partner to the government in the initiative’s decision-making process. The DEC seeks to encourage the participation of the private sector in the emirate’s economic development, improving the national economy, developing the business environment in the country, as well as enhancing business confidence and the long-term competitive ability of the Dubai economy in the international markets. “We are looking forward to a fruitful collaboration in the near future,” says Hani. By virtue of the MoU, REDmoney will be facilitating the implementation of the DEC’s initiative through various partnership projects including conferences, forums, seminars and training programs for the business community. REDmoney will also be providing statistics, reports and any information available on the commercial, economic, financial or legal front that are related to the joint projects. Both parties have also agreed to exchange experience and expertise across areas of mutual concern pertaining to the MoU. Commenting on the collaboration, Morgan said: “We are grateful for this opportunity and are confident of making significant contributions, based on REDmoney Group’s extensive reach and unrivalled experience in research and interactions with industry players in the Islamic finance industry. We hope to play a key role in the development of the Dubai government’s aim to become a global Islamic economy and financial hub.”