June 12, 2024

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Business is my step

DIEDC’s initiatives in 2020 open promising alternatives

2 min read
a view of a city at night: DIEDC's initiatives in 2020 open promising opportunities
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DIEDC’s initiatives in 2020 open promising alternatives&#13

The Dubai Islamic Economic system Advancement Centre (DIEDC) lately held its fourth and last board meeting for 2020, and accepted the centre’s operate strategy for 2021.

The meeting was chaired by Sultan bin Saeed Al Mansouri, chairman of DIEDC, and drew the participation of the board members, who reviewed updates on the initiatives released in 2020, and proposed a sequence of new initiatives that will roll out in 2021.

Al Mansouri mentioned that the Islamic financial system is a pillar of the national economic system, and is specially sizeable amid the shifting forecasts for 2021, and the unparalleled instances the environment finds by itself in now as it combats the economic effect of the Covid-19 pandemic. “The accomplishment of DIEDC’s initiatives enhance the Islamic economy’s function as a important driver of the national financial system and of Dubai, as a international cash of Islamic financial state. As the globe starts to recuperate from the Covid-19 pandemic and seeks profitable and sustainable expenditure prospects, we have the accountability to leverage Dubai’s strong financial infrastructure and secure natural environment in generating a favourable transform in the coming year.”

On top of that, he stressed that the DIEDC will carry on employing its refreshed strategy and is self-assured that the future calendar year will see the achievement of many more successful milestones for the Islamic financial state. He commended the UAE’s all round position among the major a few nations in the Worldwide Islamic Financial system Indicator and attributed the results to the initiatives of DIEDC and its strategic companions.

Essa Kazim, governor of the Dubai Intercontinental Money Centre (DIFC), stated: “The Islamic overall economy has verified its vitality and registered a tangible influence in establishing economies across the globe. Dubai’s possess financial design, put forward early on, meticulously factored in the shifts around the world and the need to target on the Islamic economy to make certain sustainable development.”

He famous that Dubai’s means to reward from the Islamic economic system ecosystem’s alternatives in the pretty early times reiterates the eyesight of the nation’s smart management, and the precision of its forecasts.

Abdulla Mohammed Al Awar, CEO of DIEDC, reported: “Dubai has been in a position to give the Islamic overall economy with the infrastructure required to form a flourishing ecosystem, positioning the emirate as a most well-liked desired destination for all pursuits targeted on developing the Islamic overall economy. The Islamic financial system has tested its resilience in accommodating the fluctuations that have stricken world-wide economies. DIEDC’s vital job is to assure equitable growth and growth of the Islamic overall economy sectors. We are self-confident about executing all planned initiatives in 2021, and even more advancing initiatives that had been earlier introduced.”

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