The Dubai International Financial Centre (DIFC), the world’s fastest growing financial centre, and Dubai World Trade Centre (DWTC), the region’s leading exhibition organiser, has launched MEFX, the first Middle East International Banking, Financial Technology and Services Exhibition and Conference.

The Memorandum of Understanding (MoU) signed between the two organisations marks the beginning of a strategic partnership for the development of a significant event for the banking and financial sector in the region.

MEFX will be held at the Dubai International Convention and Exhibition Centre from June 1 to 3 June 2008.

A trade only event focusing 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, said an official spokesman.

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 and promote relationships between the region’s business and financial community.

“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 today to $15bn by 2015. This event falls directly 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 financial industry,” said governor of the DIFC Dr Omar Bin Sulaiman.

“MEFX will be more than just an exhibition; MEFX will be a dedicated business, education and networking experience enabling vendors and visitors alike to share experiences, engage in open dialogue and identify best practice. MEFX will provide an invaluable opportunity for the region’s decision makers to debate and discuss the latest innovations and developments that will drive the industry successfully into the future,” said CEO of DIFC Authority Nasser Al Shaali.

MEFX will bring together companies and professionals from all aspects of the financial services industry such as; banking and brokerage, Islamic finance, wealth management and capital markets. – TradeArabia News Service