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The Dubai International Financial Center (DIFC) is a leading global financial center in the Middle East, Africa and South Asia. Today, the WAIFC member meeting will be held in Dubai to participate in the WAIFC 2021 annual conference. 35 member representatives attended the meeting.
The WAIFC conference unanimously approved the membership of the Italian Federation of Banks, Insurance and Finance (FeBAF). FeBAF was previously an observer, and all WAIFC members are very much looking forward to continuing to work closely with FeBAF and exchanging best practices.
Eleven members of the board of directors and executive directors were re-elected. In addition, Jersey Finance has joined WAIFC as an observer.
Delegates also discussed current issues, such as joint activities to support economic recovery from the current pandemic, transition to a sustainable financial industry, financial innovation trends such as artificial intelligence, SME financing, and inclusive finance.
More member activities will be held in the next two days, including roundtables to discuss the future of the financial center, visits to DIFC’s innovation center and fintech hive, and gatherings at the Dubai World Expo.
Arif Amiri, CEO of DIFC Authority, Commented: “DIFC is very pleased to host the annual conference of the World Federation of International Financial Centers. This is the first time the leaders of the global financial center have chosen to hold a meeting in Dubai. We look forward to important discussions with our members, especially as we make substantial progress. In the future of finance and innovation, and highlight the achievements of DIFC, these achievements help us to be the center of the reputation of the leading financial institution in the region.”
Comment on the results of the annual general meeting, Jennifer Reynolds Chairman of WAIFC, Said: “Today’s WAIFC Annual Conference is an opportunity to reflect on the important role that financial centers play in supporting pandemic recovery and real economic growth. Our members all agree on how to best accelerate sustainable economic growth and provide global finance The importance of cooperation in service innovation. We are also pleased to welcome our newest member, the Italian Federation of Banks, Insurance and Finance (FeBAF).”
PhD.Johan Bidman, Managing Director of WAIFC, Added: “After a long break related to the pandemic, our members held the annual general meeting in Dubai today and had very in-depth exchanges on current topics. The focus is on sustainable finance and the post-pandemic economy. Recovery. We are very grateful to DIFC for its kind invitation to Dubai, hospitality and the perfect organization of our annual shareholder meeting.”
DIFC was appointed to the WAIFC Board of Directors on June 3, 2021. Through its recent achievements, DIFC is working with WAIFC to address key issues surrounding pandemic resilience and recovery, and plan for long-term success. Becoming a member of WAIFC reflects DIFC’s commitment to sharing industry knowledge with other financial centers around the world. DIFC is committed to working with WAIFC members to jointly promote the future of finance in the fields of financial technology, innovation, sustainable finance and the development of digital economy.
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