Thursday, February 21, 2013

Dubai could learn from London to build Islamic finance hub

The Lord Mayor of The City Of London might sound like a character out of a fairytale or pantomime but the position actually exists and has a very serious job to do.

Alderman Roger Gifford holds the title these days and as such plays the role of ambassador for the United Kingdom's financial-services sector. In that role he spends much time travelling to the UAE with regular meetings in Dubai and in the capital.

This week he was in both emirates with high-level meetings at the Abu Dhabi Investment Authority, the Central Bank, the DIFC and Cass Business School among others.

At the top of his agenda was the growing importance of Islamic financial services in both the UK and the Arabian Gulf and how both regions should be doing much more to help this fledgling industry to prosper.

Dubai is aiming to become a global capital of the Islamic economy.

Read more: http://www.gulfbase.com/news/dubai-could-learn-from-london-to-build-islamic-finance-hub/229801

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