"DUBAI AND LUXEMBOURG: PARTNERING TO BRING YOU GLOBAL OPPORTUNITIES" SEMINAR 2015

H.E. Abdul Aziz Al Ghurair, Vice Chairman. Dubai International Financial Centre (DIFC) delivers a speech on Regional Assets Management

Dubai: 03 March 2015 - A financial delegation headed by HRH Prince Guillaume, Crown Prince of Luxembourg, accompanied by HRH Crown Princess Stéphanie, and led by HE Pierre Gramegna, Luxembourg Minister of Finance, is in Dubai today to promote closer collaboration between Luxembourg and the UAE in financial services in particular Dubai Financial Centre (DIFC).

The delegation, composed of senior representatives from the Luxembourg financial services sector, took part in a seminar organized by Luxembourg for Finance in cooperation with the Dubai International Finance Centre (DIFC) at The Ritz-Carlton hotel under the theme 'Dubai and Luxembourg: Partnering to Bring you Global Opportunities'. The seminar, held for leading figures from Dubai's financial services industry, focused on Luxembourg as a diversified financial centre for private and institutional investors from the Middle East, as well as a leading Islamic finance centre in Europe. An additional focus of the seminar was the FinTech revolution, by which technology is rapidly changing the face of financial services.

H.E. Abdul Aziz Al Ghurair, Vice Chairman of Dubai International Financial Centre delivered a speech on the proposition for regional Asset Management. "DIFC is pleased to support today's event as we see Luxembourg-for-Finance as our long-term partner. This event largely focused on Europe and Luxembourg, but an important aspect of the discussion reflected the reality that even with the slide in oil prices, the Middle East, Africa and South Asia region is still a major source of substantial wealth creation. DIFC seeks to emulate the success of Luxembourg that has successfully established itself as a domicile for funds seeking access to European investors. And we look to develop and enhance asset management based within the GCC and wider Middle East, Africa and South Asia region." said H.E Abdul Aziz Al Ghurair.

The financial mission comes after a successful visit by the Minister of Finance to the UAE in October last year, during which a Memorandum of Understanding (MoU) on Islamic Finance and Banking was signed by the Minister of Finance for Luxembourg and his counterpart in the UAE, HE Obaid Humaid Al Tayer.

Commenting on the delegation's visit, HE Pierre Gramegna, Luxembourg Minister of Finance, said: "I am delighted to be back in the UAE to further our commitment to strengthening the links between our countries. Through our regular visits, we can increase the business opportunities for all parties both in conventional finance and Islamic finance, while exchanging experiences about the latest technological developments in the financial services industry."