REDmoney Group, the parent company of Islamic Finance News (IFN) together with the Dubai Economic Council (DEC) have signed a memorandum of understanding which enhances DEC’s role in boosting the private sector in its capacity as partner to the Dubai government for strategic decision making on the emirate’s robust economy.
In a press statement released on Tuesday, the signing the MOU on behalf of the DEC was the Secretary General of Dubai Economic Council (DEC), H.E. Hani Rashid Al Hamli and managing director and publisher at REDmoney Group, Andrew Morgan.
The ultimate objectives of this cooperation, Hani Al Hamli said, is to provide a general framework of support for strategic cooperation in different fields and in particular, to exchange 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.
The partnership between the DEC and REDmoney will include the design, organization and hosting of conferences and forums on a non-exclusive basis; training; exchange of information, research findings and reports whether in a commercial, economic, financial or legal capacity; and additional studies and research in areas of mutual concern.
As the world’s leading publication on Islamic finance, Islamic Finance news is also in the position to provide information to the Emirati public through the publication of reports and studies related to different sectors in Dubai and the UAE, and to provide consultation on such issues to the DEC.
“We are extremely grateful to the DEC 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,” said the managing director of REDmoney Group, Andrew Morgan.
“We hope, in our capacity as the world’s premier Islamic finance Media Company, to play a key role in the development of the Dubai government’s aim to become a global Islamic economy and financial hub, and look forward to a fruitful partnership,” he added.
REDmoney group’s collaboration with the DEC is expected to place the council in a better position to facilitate its plans in the Dubai government’s bid to become the world’s premier Islamic economy under its Islamic Economy Agenda.
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