DIFC and Paris EUROPLACE Renew Collaboration

UAE-Dubai, 9 November 2017: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region and Paris Europlace the professional body which promotes Paris as an international financial centre, have signed an updated Memorandum of Understanding (MoU) to foster collaboration between the two centres. The MoU was signed by the Chief Executive Officer of DIFC Authority, Arif Amiri and Arnaud de BRESSON, Chief Executive Officer, Paris EUROPLACE in the occasion of the official visit of the French President, Emmanuel Macron in Dubai.

The updated MoU will facilitate the exchange of information between the two centres on the latest trends in the finance industry, with a focus on the FinTech Field and financial inclusion. It will also focus on best practices relating to regulatory and business structures, and seek to provide a collaborative platform for cooperation and knowledge sharing.

Commenting on the long-term collaboration between the two centres, Arif Amiri, Chief Executive Officer of DIFC Authority, said: “Paris Europlace is an important partner for us at DIFC, and we are pleased to re-establish an even stronger bond with them through this MoU. Since 2009, we have been working closely with Paris Europlace to share best practices in the areas of financial regulation and financial education as well as Islamic finance. We believe that this is an opportune time to expand this long-term relationship to cover new emerging trends like FinTech and financial inclusion, which will in turn help us bring banking solutions to millions of the underbanked or unbanked in the region.”

Mr Arnaud de Bresson, Chief Executive Officer of Paris EUROPLACE, said: “As the leading financial marketplace of the Eurozone, Paris financial marketplace has strong assets to share with Dubai International Financial Centre. We are glad to reinforce our cooperation and business opportunities with one of the most booming financial hubs in the MEASA region.”

The first MoU between DIFC and Paris EUROPLACE was signed in 2009 to strengthen the links between the two financial market places.