Doha Bank and CentrumGroup Sign Strategic Tie-Up

Doha Bank and CentrumGroup Sign Strategic Tie-Up

Dubai, August 31, 2016:Centrum Group, a wealth management and investment banking company, has signed a Memorandum of Understanding (MoU) with the Qatar based – Doha Bank, to leverage each other’s network and scale up operations in India and the GCC countries, in the areas of Banking, Wealth Management and Forex. Under the MOU, Doha Bank will facilitate the development of GCC business for Centrum with its network while Centrum will reciprocate with the same in India.

The MoU was signed by Dr. R. Seetharaman, Group CEO, Doha Bank and Mr. JaspalBindra, Chairman, Centrum Group in the presence of H.E. Sheikh Abdul Rehman bin Mohamed bin Jabor al-Thani, Managing Director, Doha Bank.

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About Doha Bank

Doha Bank is the largest private commercial bank in the State of Qatar. It was incorporated in 1978 and commenced its banking business (including its International Banking services) in Doha, Qatar on March 15, 1979.

 

As one of Qatar’s leading financial services company, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and even internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.

 

The Dubai branch of Doha Bank was opened in 2008. The Bank opened its second branch in the UAE in Abu Dhabi in December 2012.

Dubai International Financial Centre Posts Strong Growth and Reaches Major Milestones in First Half of 2016

Dubai International Financial Centre Posts Strong Growth and Reaches Major Milestones in First Half of 2016

 

  • Ranked number one financial centre in the Middle East and Africa
  • 143 new companies licensed, including 39 leading financial firms
  • Significant growth in workforce to over 21,000 professionals across more than 1,500 firms
    • Continued infrastructure development including launch of Gate Avenue at DIFC

 

DUBAI, UAE – 31 August 2016: Dubai International Financial Centre (DIFC), the leading financial hub for the US$7.8 trillion Middle East, Africa and South Asia (MEASA) region, today announced the successful results of its first half 2016 operating review. DIFC continually ranks highly in different international rankings and earlier this year was ranked number one in the Middle East and Africa region and number 13 globally in the Global Financial Centres Index (GFCI).  This is a significant increase from last year in this ranking which looks at the competitiveness of financial centres based on 25,650 financial centre assessments. This has resulted in DIFC becoming the financial services hub of choice for the entire region. Testament to its world-class connectivity, as well as its regulatory and legal systems, significant growth and milestones have been reached on the journey towards its 2024 strategy, which will see the Centre triple in size over the course of 10 years.

 

Commenting on these positive results, DIFC Governor, His Excellency Essa Kazim, stated, “Dubai and DIFC serve as the gateway to the world’s fastest growing markets across the MEASA region.  This is reflected in our latest results and initiatives, which represent a major milestone in delivering on the Centre’s forward-looking 2024 strategy.”

“We continue to invest in building our world-class ecosystem, and are committed to creating an environment that enables our clients to take advantage of new opportunities that arise in the region.”

 

The results were characterised by developments in the following areas:

 

Growth in new companies and enhancing client ecosystem

 

DIFC reached another milestone of crossing over 1,500 firms, with 1,539[1] companies now based in the Centre. 143 new companies joined DIFC in the first half of the year alone, representing a 16% growth on this time last year.

 

Newly registered firms included companies taking the highest category licenses, such as HSBC, which announced moving its Middle East Headquarters and US$40 billion of assets to the Centre. The first six months also saw reputable regional banks join the DIFC, including Ahli United Bank Limited – the first GCC bank to receive a Category 1 (full branch) license – and Bank of Palestine, which set up its first overseas operation.  In other key sectors, the Centre welcomed its first Indian reinsurance firm, HDFC International Life and Re Company Limited, to its portfolio, along with leading Kuwaiti asset management firm, KAMCO Investment Company Limited, which established its first international office in DIFC.

 

The 1,539 active firms in the Centre are now made up of a record 425 financial services firms (an increase of 11% on this time last year), 914 non-financial firms (a 22% increase on this time last year) and 192 retailers (2% increase on this time last year), taking a further 81,300 square feet of leased space. Occupancy rates remain extremely high representing the ongoing demand for DIFC space and in retail, the new Gate Avenue at DIFC project will significantly increase the size of the Centre’s retail portfolio.

Arif_Amiri_-_CEO_of_DIFC_Authority[1] 1111111111111111111

These global firms come from around the world with 33% from the Middle East region, 18% from the EU, 15% from the UK, 12% from the US, 12% from Asia and a further 10% from elsewhere in the world.

 

Job creation and workforce

 

DIFC surpassed 21,000 employees working in the Centre’s firms, an important landmark as the Centre looks to target 50,000 employees by 2024, meaning 42% of the target has been met. 21,076 employees, an increase of 14% or over 2,500 new professionals, from this time last year, now work in the Centre.

 

The DIFC’s highly skilled, specialist and internationally orientated employees are crucial to the future success of not just the Centre but the competiveness of Dubai itself on the international stage. These employees come from major hubs and markets around the world, working in the highest value sectors, further contributing to the expertise in financial services in Dubai and across the region.

 

Infrastructure development

 

DIFC has continued to build on its world-class infrastructure to ensure that the Centre remains the optimal place to do business. Major initiatives have included the launch of Gate Avenue at DIFC, a retail development which will link up all the Centre’s areas through 660,000 square feet of premium retail space hosting over 150 exclusive dining, shopping and leisure attractions. This will enhance the connectivity of the Centre and increase its attractiveness as a place to live, work and visit. Set for completion at the end of 2017, the project represents the Centre becoming a premium lifestyle destination and a new concept of urban development in the region.

 

The infrastructure was further developed by the addition of a number of real estate offerings. The joint venture between Investment Corporation of Dubai (ICD) and Brookfield Property Partners broke ground on its US$1billion development in DIFC in January. The 282 metre-high, 54-storey ICD Brookfield Place tower will contain more than 900,000 square feet of Grade A office space and connect to a 150,000 square feet, 5-storey retail centre. In March, luxury hotel chain Four Seasons opened its second property in Dubai, an eight-storey hotel located in DIFC’s Gate Village, featuring 106 rooms and suites. In addition, strong construction progress has been made on Gate Village Building 11. Across a total built-up area of 200,000 square feet, the premises will offer 160,000 square feet (82%) of office space and nearly 40,000 square feet (18%) for retail and F&B outlets.

 

Further recognition was given to DIFC’s innovative, co-located Data Centre, which gives clients real-time, secure access to markets, by becoming the first data centre in the UAE to receive the internationally recognised Management & Operations Stamp of Approval from the Uptime Institute. This is an important endorsement of the Centre’s cutting edge technologies and ability to meet client servicing needs, which are increasingly built around data.

 

At the same time, DIFC signed an important agreement with DEWA’s Etihad ESCO, to replace nearly 30,000 LED lightbulbs in order to drive 72% energy savings over the next six years. The agreement makes DIFC the first free zone and financial hub in the region to comprehensively commit to such an ambitious energy saving scheme and is testament to the Centre’s commitment to sustainable development across its integrated ecosystem.

 

International outreach and partnerships

 

In line with the Centre’s 2024 strategy, focused on facilitating business transactions, trade and investments across the South-South corridor, DIFC leadership undertook a number of highly successful roadshows to international markets, such as China, India, Singapore as well as London and Luxembourg.

 

To support the One Belt, One Road initiative, multiple visits took place to China, including around the 2016 G20 Conferences where DIFC met with prominent banks, capital markets platforms, securities and non-financial firms to build on the strong Chinese presence in DIFC, which has seen banks double their balance sheets since the end of last year. Further conversations at the BOAO Forum for Asia focused on DIFC’s support for the One Belt One Road initiative which is linking up the MEASA region and how DIFC can continue to be a key entry point to investment in this region.

 

In May, DIFC took part in City Week London 2016 where representatives shared views on global economic trends, asset management, fintech and emerging economies. DIFC also took the opportunity to showcase the Centre’s global leadership position and distinct proposition in line with the 2024 strategy.

 

A delegation from DIFC also participated in the UAE-Luxembourg Council for Cooperation and Development of Islamic Banking and Finance. Discussions centred on strengthening DIFC’s long-standing partnership with Luxembourg and exploring the future of Islamic Finance, including the impact of fintech.

 

In addition, DIFC now has over 90 MOUs in place with jurisdictions in the region and around the world, including the recently signed strategic partnership agreement between DIFC and Dubai Economic Council (DEC), which mandates the two entities to share best practices in the areas of financial studies, economics, research and corporate governance. Further efforts are continually underway to expand on this already comprehensive framework of agreements, increasing the ease of doing business in the Centre.

 

Building DIFC as a financial technology hub

 

DIFC’s commitment to creating an integrated technology platform, with supporting policies and regulations for fintech, was reflected in further efforts the Centre made this year. In particular, as part of the DIFC’s membership of the Global Blockchain Council the Centre is working towards creation of “proof of concept” for registering wills on the Blockchain. This project will enable DIFC Courts in providing their services under the tenets of transparency and efficiency.

 

Community building and engagement

 

DIFC also further strengthened the client experience for tenants and partners with the development of an interactive website and a new properties listing website which makes it easier to compare and access available real estate within the Centre. There was also the development of a new client app to make it easy to access information, undertake transactions, collaborate and share information in a more accessible way.

 

Employee health and wellbeing featured highly with DIFC named official partners of the Bloomberg Square Mile Relay, which saw over 50 corporate teams race around the district for charity as part of an international series across major global financial centres. Employees also undertook diabetes and blood glucose level checks, participated in International Health Day, which this year focused on the pressing issue of diabetes in the region, donated to blood banks and undertook free eye check-ups within the Centre for the Noor Dubai Foundation.

 

Additionally, employees and staff held a series of charitable and health events, such as donating equipment to the Rashid Center for the Disabled, an iftar donation of books to kids suffering from thalassemia, in line with the Year of Reading and as part of DIFC’s ongoing support for the Thalassemia Center in Latifa Hospital. There has also been continued collaboration with the Al Noor School for people and children with disabilities and the activation of its work in the Centre.

 

Furthermore, DIFC did its bit for the environment with a tree planting day at the Centre to improve air quality and the surrounding environment, employees taking part in a car free day by walking and using public transport, campaigns to raise the importance of recycling, the annual beach cleanup and observing Earth Hour.

 

Looking ahead

 

The rest of 2016 and the next year will remain focused on DIFC’s growth strategy and leverage the momentum of the previous first half. This includes continuing to build up the Centre’s client base, developing new synergies and growth in its target sectors. One area of active development is fintech, where the DIFC will support, encourage and foster greater innovation in the Centre. The DIFC will also explore opportunities to forge new links further across the South-South corridor and the MEASA region, which is anticipated to be worth some US$10 trillion by 2020. As ever, further investment will be made to enhance the Centre’s physical and regulatory architecture in line with its 2024 strategy.

 

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About Dubai International Financial Centre

The Dubai International Financial Centre (DIFC) is the financial hub for the Middle East, Africa and South Asia, providing a world-class platform connecting the region’s markets with the economies of Europe, Asia and the Americas. It also facilitates the growth in South-South trade and investment. An onshore, international financial centre, DIFC provides a stable, mature and secure base for financial institutions to develop their wholesale businesses.

The Centre offers all the elements found in the world’s most successful financial industry ecosystems, including an independent regulator, an independent judicial system with a common-law framework, a global financial exchange, inspiring architecture, powerful, enabling support services and a vibrant business community. The infrastructure within the district features ultra-modern office space, retail outlets, cafes and restaurants, art galleries, residential apartments, public green areas and hotels.

Located midway between the global financial centres of New York, London in the West and Singapore, Hong Kong in the East, DIFC (GMT +4) fills a vital time-zone gap with a workday that bridges the market and business hours of financial centres in both Asia and North America.

In 2015, DIFC launched its 2024 growth strategy, a blueprint for the next decade of growth of the financial hub. This strategy aims to stimulate trade and investment flows along the South-South economic corridor encompassing Africa, Southern Asia and Latin America.

Currently, 1,539 active registered companies operate from the Centre, with a combined workforce of 21,076 professionals.

DIFC continues to pursue expansion into new services and sectors within the Middle East, Africa and South Asia region, an area comprising over 72 countries with an approximate population of 3 billion and nominal GDP of US$7.8 trillion.

For further information, please visit our website: http://www.difc.ae, or follow us on Twitter @DIFC.

[1] Eight of these firms have received their provisional license from the DFSA and are awaiting approval.

Najd Rent-a-Car opens second branch atFairmont the Palmto address Dubai’s robust car rental demand

Najd Rent-a-Car opens second branch atFairmont the Palmto address Dubai’s robust car rental demand

Omar Al Kasem,10101

September05, 2016 – In line with its nationwide expansion plans, Najd Rent-a-Car, one of the UAE’s leading automotive rental providers and a member of Al Basel Group of Companies, has announced the opening of its second branch in Dubai. The newly launched outlet is based at Fairmont the Palm and aims to cater to the requirements of in-house guests as well as tourists residing in other five-star properties across the man-made island.

 

Najd Rent-a-Car’s decision to open its second outlet in the emirate is a strategic move to gear up for higher local demand for luxury cars which is expected to increase by 20 per cent in 2016, according to a recent industry report. The company currently operates a fleet of over 100 vehicles valued at AED 30 million. It boasts of luxury brands including Mercedes, Audi, BMW, Range Rover, and Escalade.

 

Omar Al Kasem, VIP Operations Manager, Najd Rent-a-Car concluded: “The opening of the second outlet of Najd Rent-a Car in Dubai is a very timely move because it addresses the growing demand for car rental services in the emirate, especially in the luxury segment. We are confident that our new office at Fairmont the Palm will enable us to cater to visitors of the seven-star resort and other premier hotels on the island. We continuously strive to serve our customers better and will continue to add more luxury cars to our fleet as well as open up new branches in the near future,”.

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About Najd Rent a Car L.L.C.

 

Najd Rent a Car L.L.C. is one of the UAE’s leading automotive rental providers. Established in 2001, the company deals in premium and luxury cars for rent witht and without chauffeur. Guided by its vision and mission to offer luxury cars for rent accompanied with the best customer services, Najd Rent a Car has become a preferred service provider for VIPs and high profile individuals coming from the Kingdom of Saudi Arabia (KSA), Kuwait, Bahrain, Qatar and Egypt. The company is staffed with professional individuals who help maintain round-the-clock (24 hours) service—picking and dropping off customers from anytime and anywhere in Dubai. Najd Rent a Car boasts of a fleet of world class well maintained cars which include BMW 750, BMW 740, BMW 730, Maybach, Mercedes Benz S500, Mercedes Benz S350, GMC, Audi A8, Audi A6, Audi Q7 and Range Rover.

 

 

Smart Dubai Office hosts workshop for MBA students from the International Institute of Management Development (IMD)

Smart Dubai Office hosts workshop for MBA students from the International Institute of Management Development (IMD)

 

UAE, August 30, 2016 – The Smart Dubai Office hosted 30 MBA students from the International Institute of Management Development (IMD), Switzerland for an interactive Smart Dubai workshop held at His Highness the Ruler’s Court yesterday. The one hour workshop included H.E Dr.Aisha Bin Bishr, Director General of the Smart Dubai Office sharing an overview of the office, its current initiatives and future plans. Wesam Lootah, CEO, Smart Dubai Government Establishment, also shared updates on the Smart Dubai Platform, the new digital backbone of Dubai, announced in partnership with du earlier this year. Lootah elaborated on how the Smart Dubai Platform will unite infrastructure, data, city services and applications for the first time, becoming the ‘central operating system’ for the city.

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“Being an alumni myself, hosting current IMD students for this workshop was an incredibly fulfilling experience for me. The enthusiasm and curiosity exhibited by the students about what we are doing through Smart Dubai and the impact our work will have on the city of the future, was both gratifying and inspiring. I hope the students will learn from our approach, always putting people’s happiness first, and apply this in their own careers, wherever their paths may lead.” said Dr.Aisha Bin Bishr.

 

“Students, business leaders and entrepreneurs are vital to the success of our smart transformation. Engaging with the IMD students today was a perfect example of how these workshops can enhance the short and long-term impact of our work. The Smart Dubai Platform will be even better for the whole city, thanks to our discussion today. I look forward to many more such opportunities, to share our journey and engage in discussions with our community.” said Wesam Lootah.

 

Smart Dubai is a unique leading initiative not only in the region but certainly in the world. Dubai has designed an impressive unified strategy to stimulate and channel innovation and technology in service of its citizens. IMD MBA students from more than 30 nationalities visited the Smart Dubai Government Establishment to learn and to enjoy a dialog with H.E. Dr. Aisha Bin Bishr, Director General, Smart Dubai Office and her team. This will give our MBAs the chance to gain insights about how city-wide smart transformation impacts the quality of life of citizens and their happiness.” said Dr Hischam El-Agamy; IMD Business School.

Falconcity of Wonders receives ISO certifications for excellence in Customer Satisfaction & Quality Management

Falconcity of Wonders receives ISO certifications for excellence in Customer Satisfaction & Quality Management

 

New international credentials reflect sharp focus on customer happiness & innovation inspired by H.H. Sheikh Mohammad bin Rashid Al Maktoum

 

UAE, August 30, 2016 – Falconcity of Wonders LLC, the developer of Falconcity of Wonders (FCW) the multipurpose mega project currently being built in Dubai, has announced that it has received three ISO certifications for Quality Management (ISO 9001) and Customer Satisfaction (ISO 10002 for Complaints Handling and ISO 10004 for Monitoring and Measurement). The distinguished international certifications reflect FCW’s success in achieving the highest levels of customer satisfaction and happiness mainly through innovative processes and practices, in line with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

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FCW has been intensifying efforts to incorporate creativity across its entire operations to help meet Dubai Plan 2021’s ambition of putting the emirate at the forefront of global excellence and innovation within the next five years. At the same time, the developer has been strategically improving its services and performance in accordance with H.H. Sheikh Mohammed’s vision that happiness becomes a way of life for UAE society. The latest ISO certifications are the culmination of FCW’s renewed commitment to adhering to the best standards of efficiency, availability and reliability.

 

H.E. Salem Almoosa, Chairman and General Manager, Falconcity of Wonders LLC, said: “Customer service is the first and last point of contact with clients, therefore we have been sharpening our focus on providing memorable experiences that leave our customers not only satisfied but very happy as well, as envisioned by H.H. Sheikh Mohammed. Innovation and excellence are integral to achieving this, and so we have been incorporating these two values more and more into our operations and our plans. Our latest ISO certifications prove that we are right on track in providing pleasing, creative and excellent experiences to our customers. They provide a strong motivation for Falconcity of Wonders to continue surpassing expectations and delivering happy moments.”

 

Falconcity of Wonders’ customer service offices and communication channels are open six days a week, Saturday toThursday from 8am to 6pm and not to forget the 24/7 emergency hotline for its residents in case of any emergency. The developer can also be reached via multiple channels – including the internet and web-based apps.

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Software AG Applies Digital Business Platform to Operationalize Blockchain

Software AG Applies Digital Business Platform to Operationalize Blockchain

  • Operationalizes Blockchain to deliver more value with tighter coupling to the enterprise
  • Provides access to, visibility into, and action on Blockchain apps
  • Enables real-time monitoring and analytics of Blockchain transactions and events
  • Framework enriches functionality of blockchain applications

 

Dubai, United Arab Emirates, August 30th 2016 – Software AG (Frankfurt TecDAX: SOW) today announced the availability of next generation Digital Business Platform capabilities that enable financial institutions to operationalize blockchain by gaining greater integration of, visibility into, and action upon public/private blockchain applications.

Once an organization has decided on the blockchain application that suits its business, the next step is to move it out of the incubator and tightly incorporate it within its enterprise applications.

 

Financial services organizations globally are investigating the benefits of using blockchain, but few are thinking beyond the perfect use case. Once they have decided on the blockchain application that suits their business, the next step is to move it out of its ‘test incubator’ where it was being proven, and tightly incorporate it within their enterprise applications.

Nigel Farmer, Industry Director for Capital Markets at Software AG, noted: “That is where the fun starts; making blockchain applications work in the real world is as much of a challenge as building the blockchain application itself.”

 

Organizations implementing blockchain do not want to add additional IT “spaghetti” on top of their existing technology infrastructure. They must be able to rapidly and seamlessly use blockchain to gain the advantages of the technology immediately without having to run complex, costly and lengthy re-architecting programs.

 

Interoperability of blockchain within an enterprise requires an intelligent blockchain access layer. The Software AG Digital Business Platform provides:

  • A blockchain access layer that seamlessly integrates blockchain with legacy technology for interoperability;
  • The ability to correlate and validate data, and apply business context going into blockchain;
  • Governance and security to enterprise or industry-wide blockchains;
  • Event processing and data aggregation for complete visibility on- and off- chain activities;
  • Monitoring, exception management and alerting of blockchain events;
  • Overlay service layer to enrich functionality of blockchain apps.

 

Farmer concluded: “Many organizations developing prototypes are focused fully on the blockchain use case, and haven’t begun to think about what it means to put it into production. Software AG’s Digital Business Platform not only provides the necessary infrastructure, but enables them to operationalize this disruptive technology rapidly without disrupting the business and existing IT infrastructure.”

 

Blockchain technology is poised to change financial services dramatically. But organizations must ensure that their infrastructure can support it. This is possible with the use of Software AG’s Digital Business Platform.

Mohammed Bin Rashid School of Government Launches ‘The India Connection’, Volume 4 of “Action and Insights” Series

Mohammed Bin Rashid School of Government Launches ‘The India Connection’, Volume 4 of “Action and Insights” Series

 

Her ExcellencySheikhaLubna bint Khalid Al Qasimi, UAE Minister of State for Tolerance, Indian Embassy Officials Attend Special Launch Event

 

Dubai-UAE: 30 August 2016 – The Mohammed Bin Rashid School of Government (MBRSG), a research and teaching institution specialized in public policy in the Arab world, today launched a book titled ‘The India Connection’ during a ceremony organizedatthe Convention Tower of Dubai World Trade Centre.

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Based on entrepreneurship, innovation and cultural diversity in the UAE’s labor market and their impact on sustainable economic development, the book highlights the experiences of Indian entrepreneurs in the UAEthrough live case studies and interviews.

The special launch event was attended by Her Excellency SheikhaLubnabintKhalid Al Qasimi, UAE Minister of State for Tolerance,The Consul-General of India to the UAE, Anurag Bhushan, H.E. Dr Ali Sebaa Al Marri, Executive President, Mohammed Bin Rashid School of Government, and the authors of “The India Connection” Dr. Immanuel Azaad Moonesar, Assistant Professor at MBRSG and Dr. Melodena Stephens Balakrishnan, Associate Professor at The University of Wollongong in Dubai (UOWD).

Among the attendees were a number of leading Indian entrepreneurs whose experiences have served as case studies in the book and research experts, among others.

Speaking on the launch of the book, Her ExcellencySheikhaLubnabintKhalid Al Qasimistressed the importance of academic publications that study the evolution of investment trends across different periods in the UAE’s history.

She said: “Since the establishment of the UAE, our founding fatherlate Sheikh Zayed bin Sultan Al Nahyan realized the importance of developingstrong foreign relations especially with countries that have asignificant impact -geographically, culturally, economically and politically – onthe UAE, such as India. Sheikh Zayed’svisit to India in 1975 helped establish growing and prosperous synergies between our twocountries.”

She added: “Today our bilateralrelationship has strengthened. The UAE has ratified an increasing number of cooperation agreements with India in the political, cultural, and economic arenas, among others.We look forward to seeing more research conducted on this historic relationship between the two countriesthat will go a long way inensuringthesustainability of this relationship and help us identify best ways for futurecooperation. I am confident that the UAE’s appealing investment environment – strategically developed over the past few years –as well as itstolerant culture that welcomes all nationalities and provides them with opportunities for success and stability, offer great scope forfuture studies on similar success stories with regard toother nationalities working and livingin the UAE.”

The book is part of a series titled ‘Actions and Insights’ that discusses MENA affairs. The series is published by the University of Wollongong in Dubai in collaboration with the International Business Academy in the Middle East and North Africa. The publication series turns the scanner on young human capital in emerging countries and its role in overcoming the current challenges in the field of business and international trade. It also points out that youth are the hope for a country to step-up its adoption of modern market concepts, such as innovation.

In compiling ‘The India Connection’ researchers delved deep into the stories of entrepreneurs from the Indian community who settled in and founded successful businesses in the UAE.  They have also attempted to study the gradual shift of the center of world economy from the West to the East – a phenomenon that has occupied the attention of experts and policy makers worldwide and one that merits ongoing monitoring.

For his part, H.E. Dr Ali Sebaa Al Marri, said: “This book stands as another testimony about the historic friendship between Dubai and India, and highlights the deep interrelated ventures that had significant impact on the economic, political, and social development of both nations. We take pride in this relationship which has always been embedded with mutual appreciation and respect to both our similarities and differences and always has potential for further growth.”

The great interest in the launch of this book reflects the profound historical relations between India and the UAE. Speaking on these special relations, His ExcellencySanjay Verma, Former Indian Consul General in Dubai, said in his introduction to the book that the UAE is home to 77% of India’s exports to the region, with over 26,000 Indian companies registered withDubai Chamber of Commerce and Industry, including companies registered atfree zones across the UAE. The total number of functional Indian companies in Dubai exceeds 50,000.

As a further testament to the strong bilateral relations between India and the UAE and the mutual keenness of the two in developing these synergies, there have been mutual visits between the two countries, especially the one by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to India this year, that came after the visit of His Excellency Narendra Modi, Prime Minister of India, to the UAE last year, as a further testament to the strong bilateral relations between India and the UAE and the mutual keenness of the two in developing these synergies, During this visit, both countries agreed to forge a new path in strengthening strategic partnerships after over 35 years of solid cooperation on all levels.

 

His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the Republic of India in 2010. During the visit they discussed strengthening the relationship between the two countries and increasing the number of cooperation agreements with India in the political, cultural, and economic arenas, among others.

Dr Ali Sebaa Al Marri added: “We at MBRSG, seek to replicate the UAE Leaders’ efforts to strengthen the ties between UAE and all the states in the region through highlighting contributions, sharing best practices and promoting Government excellence through organizing knowledge sharing platforms, delivering leadership development programs and conducting applied research.”

The Mohammed Bin Rashid School of Government is committed to promoting good governance through enhancing the region’s capacity for effective public policy.

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About Mohammed Bin Rashid School of Government:

 

The Mohammed Bin Rashid School of Government (MBRSG) is a research and teaching institution specializing in public policy in the UAE and the region. Established in 2005 under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, MBRSG aims to promote good governance through enhancing the institutional capacity for effective public policy. Toward this goal, the Mohammed Bin Rashid School of Government also collaborates with regional and global institutions in delivering its research and training programs. In addition, the School organizes policy forums and international conferences to facilitate the exchange of ideas and promote critical debate on public policy.