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Guernsey Finance has entered into a partnership with the Dubai International Financial Centre (DIFC) to "foster growth and innovation in a continued effort to drive the future of finance".
The agreement was signed by Arif Amiri, Chief Executive Officer, DIFC Authority, and Rupert Pleasant, Chief Executive Officer, Guernsey Finance when Guernsey Finance’s representatives attended the COP28 conference last year.
That agreement will see both entities "work collaboratively to drive the development of the financial services industry through digital and in-person events, which will nurture talent, and support the exchange of knowledge and information".
The agreement will also "strengthen the relationship between the two international financial centres (IFCs) and enhance commitment to global collaboration. The agreement supports investment inflows between the two jurisdictions and nurtures and protects investors".
It's two key aims will be:
Commenting on the collaboration, Mr Amiri, said: “As DIFC continues to lead the way on sustainable finance in the region, this agreement with Guernsey Finance will further our common objective of unlocking investment inflows while protecting investors. This collaborative effort will foster sustainable financial innovation and knowledge exchange that will catalyse growth for the two financial ecosystems as we come together to drive the future of finance.”
Mr Pleasant said: “I am delighted to sign this agreement with DIFC as it paves the way for the start of what we believe will be a very long and beneficial relationship for both parties. The Middle East holds many opportunities for Guernsey. There is immense wealth in this part of the world that stands to benefit from Guernsey’s international expertise and robust regulatory framework. Our expertise in ESG and sustainable finance puts us in good stead to support the increasingly complex needs of investors in the UAE and the wider Middle East region.”
Pictured: Arif Amiri; Chief Executive Officer, DIFC Authority, and Rupert Pleasant; Chief Executive Officer, Guernsey Finance.
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