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ADGM, Casablanca Finance City sign MoU
By our business bureau February 12, 2019
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ABU DHABI: The Registration Authority of Abu Dhabi Global Market (ADGM), the leading international financial centre of Abu Dhabi and the Casablanca Finance City Authority (CFCA) have signed a Memorandum of Understanding (MoU) to foster closer collaboration among the United Arab Emirates, Morocco and Africa and jointly promote the development of financial services in the respective markets.

The MoU was signed by Dhaher Bin Dhaher Al Mheiri, Chief Executive Officer of the Registration Authority and Said Ibrahimi, Chief Executive Officer of the Casablanca Finance City Authority.

The MoU focuses on strengthening partnership between the authorities to explore possible cross-border initiatives, facilitate knowledge sharing and accelerate the development of the financial services sector to support the growth of the Mena region. The MoU provides a platform for the authorities to foster best practice and knowledge in the fields of green finance; Islamic finance and financial technologies (Fintech) to advance the growth of financial services.

Dhaher Bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority remarked, “As the International Financial Centre in Abu Dhabi, ADGM plays an integral role in supporting the UAE’s initiatives to bolster the growth and diversification of the economy. We look forward to working closely with Casablanca Finance City to bolster knowledge sharing initiatives and achieve sustainable development in all respective markets, in addition to supporting international relations. We will work closely to develop a robust financial services sector that is supported by green finance and innovative financial technologies.”

Ibrahimi said: “We are pleased to sign today this memorandum of understanding with Abu Dhabi Global Market. This partnership is the first of its kind established by CFC with a GCC financial centre. We have the strong conviction that such fruitful cooperation will play an instrumental role in fostering business ties between the UAE, Morocco and Africa”.
 

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