Dubai International Financial Centre sponsors Arab Journalism AwardPress Release 20 Apr 2005 12:12 pm
The Dubai International Financial Centre (DIFC) is the sponsor of the ‘Best Media Personality’ award that will be launched at Arab Journalism Awards, one of the top honours available to media in the Middle East. The event will be taking place on 25 th April, 2005
“I believe that a free, interrogative and challenging media is an essential driver of integrity, efficacy and good corporate governance,” said Dr Omar Bin Sulaiman, Director General of the DIFC.
“The DIFC is proud to sponsor the award for ‘Best Media Personality’, at the Arab Journalism Awards. We believe it is our duty to support the media in the region and I personally want to acknowledge the effort and skill displayed by our media over the last year.
Without doubt, the media environment in the region is changing fast. It is certainly keeping pace with other social, cultural and economic growth and this award is an acknowledgement of this fact.”
DIFC’s commitment in supporting the regional media was just another manifestation of its core values of transparency, integrity and efficiency, he added. DIFC successfully established an independent courts system to ensure effective dispute resolution . Furthermore, the Dubai Financial Services Authority (DFSA), as the independent regulator has set uncompromisingly high standards in creating a regulatory and legal framework built on the best practices of leading jurisdictions in Europe, North America and the Far East.
“A diligent media can only add even more credibility to our aim to develop a world-class financial hub right here in Dubai,” said Dr. Bin Sulaiman
Commenting on the sponsorship by the DIFC of the 'Best Personality' award, Mona Al Marri, Executive Manager, Dubai Press Club & Secretary General of the Arab Journalism awards, added:
"I would like to extend my thanks to Dr Omar Bin Slaiman and his team at the DIFC for supporting this important event.
It is essential that the sponsors of the Arab Journalism Awards are of the appropriate calibre and, without doubt, the DIFC's endorsement is a powerful one.
Dr Omar Bin Sulaiman is so right to identify the media as an essential component in the development of a thriving business community and through the support of the DIFC we will ensure that the press in the region can continue to grow.
Similarly, as much as the media drives business, the DIFC is driving the development of the media. Initiatives at DIFC that will further the growth of financial sectors such as Islamic Finance, or Reinsurance necessitate greater understanding and research from the press. In addition, the applications of the numerous banks, asset managers and ancillary service providers to join the DIFC, means that the region's media has an even wider audience that demands accuracy, insight and understanding.
This emerging financial hub will be much closer to realising its vision when the DIFX launches in September. The opportunities this new exchange will provide to investors, issuers and other members of the financial community will be vast. An international exchange further necessitates the need for a media prepared to ask the questions shareholders would want asked of the companies they seek to invest in. In other words, the business media in the UAE can and will play an important role in the success of the world's newest international capital market."