The United Arab Emirates Financial Markets Association was decreed in December 2011 and is the standard bearer for financial markets professionals in the United Arab Emirates; with more than 200 members under the umbrella of the UAE FMA.

The UAE FMA is affiliated to ACI – The Financial Markets Association, the global umbrella body of national associations. The Paris-based body has more than 13,000 members worldwide in more than 60 countries. This makes ACI the largest international association in the wholesale financial markets. ACI – The Financial Markets Association was founded in France in 1955 following an agreement between foreign exchange dealers in Paris and London. UAE Financial market Association seeks to add value to the industry and its members by promoting continuous education and social awareness.

The main priorities of the United Arab Emirates Financial Markets Association are to keep members informed of the changes in the financial industry and provide a forum for discussion in organized events on issues affecting the markets, the UAE FMA enhances educational value and working experience and knowledge by providing appropriate educational services to those with a legitimate interest in the financial markets.

Jointly with G.P.I. Global Partners Investments Limited; the UAE FMA joined forces to kick off the region’s biggest Fintech Hub with 12 member banks; Emirates NBD, Emirates Islamic Bank, First Abu Dhabi Bank, Standard Chartered, National Bank of Fujairah, National Bank of Oman, United Arab Bank, Dubai Islamic Bank, Alahli Bank of Kuwait, CIMD Group, United Bank Limited, and Habib Bank AG Zurich. Selected Fintech, DeFi, and Crypto startups and scaleups as well as tech and blockchain-based solutions will be furnished to the entire members of the 12 banks for investment and system integration, giving the startup community for the first time ever the biggest opportunity in the banking industry specially in the most thought after growing region.

Be prepared with your product or solution demo as well as your pitch to be sprinted across the entire banking and financial markets industry leaders in the Middle East at DSRPTD 2021.

DSRPTD 2021 will take place on the 25th to the 27th of October in Dubai, UAE, ensuring the maximum return on investment for the participating startups, scaleups, investors, corporates, VCs, and governments. Secure your slot now at dsrptd.net/info .

Is your startup, company, or fund interested in sponsoring or partnering with DSRPTD 2021? Chat with us now on Whats App , Telegram, or WeChat .

You can avail of 20% off on all DSRPTD 2021 packages through UAE FMA’s Promocode DSRPTDFMA

Register Now

The 7th edition of the world-renowned flagship Global Blockchain Congress by Agora Group is taking place on June 21 st and 22 nd , 2021 in Dubai. This edition’s theme is “Celebrating DeFi and NFTs” and will boast an amazing line up of speakers including Keynote Addresses by His Excellency Ahmed Bin Sulayem, Executive Chairman & CEO of Dubai Multi Commodities Centre, Hubertus Thonhauser, Chairman of the Board of Tezos Foundation, Fiorenzo Manganiello, Partner at Lian Group and many others.

The event is a closed door, exclusive congress that can be attended by invitation only. Agora will be hosting more than 100 investors and 30 Sponsors (Global Blockchain, DeFi and NFTs projects looking to raise funds).

The first six editions of the Global Blockchain congress were a tremendous success and we were able to host more than 450 investors and more than 90 blockchain startups and were able to raise Millions in funds for our participating projects.

Agora is proud to announce the launch the first and only event focused on DeFi in the MENA region. The Global DeFi Congress will take place on February 10th 2021 in Dubai, with the participation of the Sharjah Research, Technology, and Innovation Park, The Ministry of Science and Technology Policy of Japan, the Governing Council of the International Institute for the Unification of Private Law and the Work Group for Cryptocurrency Regulation of the Ministry of Finance of Latvia, Tezos Foundation, CasperLabs, and The Digital Innovation and Blockchain Unit of the European Commission.
The event is a one-day congress comprised of collaborative strategic discussions on how to best build the open financial system. The congress is a bridge that will bring together investors, regulators, solution providers and subject matter experts to discuss, debate and challenge the existing financial system and propose ideas and opportunities on how to challenge and improve our financial system through DeFi.

The event will be centered on 4 topics:
Who owns the bridge? The builders of DeFi Platforms.
Who regulates the bridge? Regulators and Governance around DeFi
Who crosses the bridge? End users of DeFi Products
Who finances the bridge? Investment opportunities and challenges in DeFi

The congress will also focus on raising funds for DeFi projects. The main focus of the event is a series of one on one meetings between DeFi projects looking to raise funds and pre-qualified investors looking to invest into DeFi.

“AOCP attended the 3rd edition of the Global Blockchain Congress to raise funds and met over 20 investors here in Dubai, including the Sheikh Sultan of Sharjah and we are very happy to announce that we just got our first investment deal for $1 million. Many thanks to Hadi and the team. You are a superman with the most amazing network of investors. Amazing event, best I’ve ever attended.”
Co-Founder, Alpha Omega Capital

This is an exclusive, closed-door Congress to connect startups with investors and secure funds.

Sponsors Profiles:

• Decentralised Exchanges (DEXs)
• Wrapped bitcoins (WBTC)
• Prediction markets
• Yield farming
• Money legos
• Stablecoins
• Liquidity mining
• Composability
• Lending platforms

Startup founders from all over the world need financial advocates on their side. Raising funds and receiving funding is vital to the growth and success of startups. NOW is the right time for international startups to tap into a pool of highly engaged investors from the MENA region who are actively looking to invest in exciting and promising companies.

Some of the Speakers:

• H.E. Naokazu Takemoto – Minister of State for Science and Technology Policy, Japan.
• H.E. Hussain Mohammed Al Mahmoudi – CEO, Sharjah Research, Technology, and Innovation Park, UAE.
• Baiba Broka – Member of the Governing Council, International Institute for the Unification of Private Law, Work Group Member on Cryptocurrency Regulation, Ministry of Finance, Latvia, and Former Minister of Justice, Latvia.
• Kristina Lucrezia Corner – Managing Editor, Cointelegraph.
• Ralf Glabischnig – Founder & Board Member, Crypto Valley Venture Capital.
• Mrinal Monhar, CEO, CasperLabs.
• Peteris Zilgalvis, Head of Unit, Digital Innovation and Blockchain, European Commission.
• Hubertus Thonhauser, Chairman of the Board, Tezos Foundation.
• Some of Our Previous Speakers:
• Andrea Bonaceto – CEO, Eterna Capital
• Fatma Elsafty – Blockchain Manager & Enterprise Solutions, Du
• H.E. Zulfiquar Ghadiyali – Executive Director Of DIHC under chairmanship of HH Sheikh Mohammed bin Sultan bin Hamdan Al Nahyan
• Iqbal Alikhan – Program Director, Blockchains & Innovation, IBM
• Jorge Sebastiao – Chief Technology Officer, Huawei
• Navin Gupta – Managing Director, Ripple for MENA and South Asia
• Zachary Cefaratti – CEO & Principal Founder, Dalma Capital

For participation apply here: https://platform.agoragroup.ae/apply/21/global_defi_congress 

Official website

The 6th edition of the world-renowned flagship Global Blockchain Congress by Agora Group I staking place on February 9th and 10th 2021 in Dubai. The conference boasts an amazing line up of speakers including Keynote Addresses by His Excellency Hussain Mohammed Al Mahmoudi, CEO of Sharjah Research, Technology, and Innovation Park (SRTIP)- Deputy chairman of IOSCO, Chairman of EMC IOSCO, His Excellency Naokazu Takemoto, Minister of State for Science and Technology Policy of Japan, Her Excellency Baiba Broka, Governing Council of the UNIDROIT and former Minister of Justice of Latvia, and Peteris Zilgalvis, Head of Unit, Digital Innovation and Blockchain, European Commission.

The first five editions of the Global Blockchain congress were a tremendous success and we were able to host more than 450 investors and more than 90 blockchain startups and were able to raise Millions in funds for our participating projects.

“Pitches are good and all, but have you ever sat on a table for 8 hours with 30 minutes one-on-one meetings with 50 rotating investors? Agora is next level. I went to this conference last year, and it was like speed dating with investors. THIS IS EXACTLY HOW IT SHOULD BE. If you’re in Dubai or can get there, and are looking to raise funds for your project, this is your jam.”
Nikita Sachdev, Co-Founder, LunaPR.io

This is an exclusive, closed-door Congress to connect startups with investors and secure funds.

Startup founders from all over the world need financial advocates on their side. Raising funds and receiving funding is vital to the growth and success of startups. NOW is the right time for international startups to tap into a pool of highly engaged investors from the MENA region who are actively looking to invest in exciting and promising companies.

Some of the Speakers:

• H.E. Naokazu Takemoto – Minister of State for Science and Technology Policy, Japan.
• Dr. Obai d Al Zaabi – CEO, Securities & Commodities Authority, UAE.
• Baiba Broka – Member of the Governing Council, International Institute for the Unification of Private Law, Working Group Member on Cryptocurrency Regulation, Ministry of Finance, Latvia, and Former Minister of Justice, Latvia.
• Kristina Lucrezia Corner – Managing Editor, Cointelegraph.
• Ralf Glabischnig – Founder & Board Member, Crypto Valley Venture Capital.
• Mrinal Monhar, CEO, CasperLabs.
• Peteris Zilgalvis, Head of Unit, Digital Innovation and Blockchain, European Commission.
• Hubertus Thonhauser, Chairman of the Board, Tezos Foundation.
• Some of Our Previous Speakers:
• Andrea Bonaceto – CEO, Eterna Capital
• Fatma Elsafty – Blockchain Manager & Enterprise Solutions, Du
• H.E. Zulfiquar Ghadiyali – Executive Director Of DIHC under chairmanship of HH Sheikh Mohammed bin Sultan bin Hamdan Al Nahyan
• Iqbal Alikhan – Program Director, Blockchains & Innovation, IBM
• Jorge Sebastiao – Chief Technology Officer, Huawei
• Navin Gupta – Managing Director, Ripple for MENA and South Asia
• Zachary Cefaratti – CEO & Principal Founder, Dalma Capital

For participation apply here: https://platform.agoragroup.ae/apply/20/global_blockchain_congress_6th_edition 

Official website

CONGRATULATIONS to sabna iqbal from central bank of uae for achieving the ACI diploma CMP certificate with a great score offered.

Honouring the ACI diploma certificate from Mohamed Al-Hashemi, Chairman of UAEFMA Assocation & AcI finanical market Association.

Get a chance to win luxurious prizes 20% Discount for all UAEFMA members.
Visit www.nowdeals.ae NOW to increase your chance every time you make a purchase.

If you are UAEFMA member use (UAEFMA20) code to get 20% discount valid till 30 September

UAEFMA has been trying to think of ways to help and support our beloved ones the best way we can.
Donate for Lebanese Red Cross or Love live Lebanon and get 20% discount for our upcoming ACICA 2021 if you register and pay before end of DECEMBER 2020

For more inquiry Contact Us:
Eman Adel
eman@uaefma.com
00971545788193
0097142566622

DUBAI, UNITED ARAB EMIRATES – Dubai Tourism has honoured its Al Safeer Congress Ambassadors, including doctors, scientists, industry experts, academics, business leaders and government officials from across the city, who have been leading the way in bidding for and winning major international conferences and congresses for Dubai and helping to define it as both a knowledge hub and a leading business events destination.

Dubai Business Events (DBE), the city’s official convention bureau and a division of the Dubai Corporation for Tourism and Commerce Marketing, presented awards to 20 member organisations at the Programme’s annual appreciation ceremony, held last week (2 March) at the newly opened JAFZA One Convention Centre in Jebel Ali. Over 100 ambassadors attended the event, with His Excellency Helal Saeed Almarri, Director General of Dubai Tourism, presenting the award winners with their trophies.

The Al Safeer Congress Ambassador Programme last year supported in securing 28 international association conferences that are to be hosted in Dubai over the coming years, set to attract over 16,500 industry-specific professionals and experts from around the world. This came amid 301 overall successful bids for meetings, conferences and incentives, set to bring over 150,000 delegates to Dubai over the coming years.

Since its establishment in 2010, the Programme has made a vital contribution to Dubai’s growth as a business events destination, by the end of 2019 assisting in successfully bidding for 172 events with almost 219,000 delegates in attendance, amid a total of more than 1,200 bid wins for the city, bringing over 720,000 delegates.

His Excellency Helal Saeed Almarri, Director General, Dubai Tourism, said: “It is with great honour and pride that we congratulate and thank all our ambassadors for their commitment and efforts towards securing leading international business events for the city. The work undertaken by the Al Safeer Congress Ambassador Programme plays a pivotal role in Dubai’s journey towards becoming a global knowledge hub, and the efforts of the ambassadors contribute significantly to this vision. As we continue to develop the programme, we welcome interest from potential ambassadors and look forward to collaborating with them to demonstrate the city’s ability to host successful and impactful events. As we gear up for Expo 2020 Dubai, the city has a unique opportunity to showcase itself and convince more international associations and corporations to bring their events to Dubai, and our ambassadors will play a crucial role in achieving this.”

Among the events won in 2019 thanks to the contributions of Ambassadors were: the 5th World Academic Congress of Emergency Medicine – WACEM 2019, the Space Generation Congress 2020, the Pacific Asia Conference on Information Systems 2020, the World Hospital Congress 2021, and the AIPPI World Intellectual Property Congress 2025.

In addition to the awards, last week’s event also had an educational element, with Dubai Tourism providing a city update and a panel session with ambassadors discussing how hosting international conferences can contribute to the development of Dubai and the UAE’s knowledge economy. Also among the guest speakers at the event was Shaun Vorster, Vice President of Strategy and Business Integration at Expo 2020 Dubai, who shared insights on the upcoming mega-event. Vorster outlined how business events and organisations can learn from and collaborate with Expo 2020 Dubai to deliver events with long-lasting social, innovation, and economic impact.

Issam Kazim, Chief Executive Officer of Dubai Corporation for Tourism and Commerce Marketing said: “The Al Safeer Programme is at the forefront of DBE’s network as it allows industry-specific knowledge-sharing as well as access to expertise across various sectors. Through the programme, we continuously engage with and support our ambassadors, and as a result our bids for key industry events strengthen exponentially. As the programme continues to grow, we see more potential for ambassadors to exchange knowledge and learnings from previous bids as they continue to propel each other and attract more business events to Dubai.”

Since being established in 2010, the Al Safeer Programme has grown to become a strong network of over 345 members to date, each of whom are industry experts in their field and are helping grow Dubai’s position as a business platform that provides world-class infrastructure to support new industry discoveries and progression. In 2019, the programme was strengthened through the signing of several memorandums of understanding, with members joining from Dubai Health Authority, Dubai Courts, Hamdan Bin Rashid Al Maktoum Foundation for Distinguished Academic Performance, Sheikh Hamdan bin Rashid Award for Medical Sciences, Dubai Multi Commodities Centre (DMCC), the Professional Communication Corporation (Nedaa) and Dubai Sustainable City. The Al Safeer Congress Ambassadors community is set to further grow in 2020 as the Programme continues to target government entities, key universities and other organisations in Dubai to join and support in the city’s success.

Translating to ‘The Ambassador’, the Al Safeer Programme was established by Dubai Business Events to engage with UAE-based key opinion leaders and government representatives, tapping into their expertise and professional networks to attract international business events to Dubai.

Dubai Health Authority was among the entities recognised at the appreciation ceremony, for its role in winning the World Hospital Congress 2021. Dr Muna AbdulRazzaq Tahlak, CEO of DHA’s Latifa Women and Children Hospital, said: “Dubai is a global hub for tourism and also has the infrastructure for meetings and conference, and being part of the Al Safeer Congress Ambassador Programme has enabled us to present strong bids and showcase Dubai as the ideal destination for international associations to host their events in. It is an honour for us to be recognised for our contribution in winning events and showcasing Dubai as a hub for Science and Innovation. Working with Dubai Business Events has made the bidding process easy and their support has been invaluable. I encourage all entities to work and collaborate jointly to bring great events to Dubai.”

IEEE UAE, a member of the Al Safeer Congress Ambassador Programme, was recognised for winning its bid to host the IEEE International Conference on Electronics, Circuits and Systems 2021. Dr. Fatma Taher, IEEE UAE Section Chair, said: “One of our objectives was to bid for an international conference and bring it to Dubai, so being part of the Al Safeer programme was of great help. We are proud to be part of the programme and appreciate the recognition for our work and efforts. I would encourage other associations and organisations to join the Al Safeer programme as it will aid them in their own work and help them to achieve their plans.”

Organisations recognised and events won:

• Zayed University: International Conference on Service Oriented Computing 2020
• University of Dubai: 1st Electronic Resources and Libraries (ER&L) Middle East Chapter annual conference 2019
• Mohammed bin Rashid Space Centre: Space Generation Congress 2020
• Geospatial Week 2021: Ministry of Infrastructure Development
• Arab Ministerial Forum for Housing and Urban Development 2019: ISARC-International Symposium on Automation & Robotics in Construction 2021
• Emirates Neonatal & Pediatric Society: Regional Congress of The World Federation of Pediatric Intensive and Critical Care Societies 2019
• Exeter Medical Center for Bone and Joint Health: Worldwide SRS Course 2020
• Dubai Multi Commodities Centre Authority: Congress of the International Confederation of Jewellery, Silverware, Diamonds, Pearls and Stones 202
• Hadef & Partners: AIJA Half-Year Conference 2020
• University of Wollongong in Dubai: Pacific Asia Conference on Information Systems 2020
• Emirates ENT Society: International Sialendoscopy Conference 2020
• IEEE – UAE Section: IEEE Emerging Technologies Summit 2019
• IEEE International Conference on Electronics, Circuits and Systems 2021: The Eastern Mediterranean Council of Optometry (EMCO)
• EMCO Congress 2020: UAE Financial Markets Association
• ACI Financial Markets World Congress 2020: Emirates Health Informatics Society: International Society for Telemedicine and e-Health International Conference 2021
• Hamdan Bin Rashid Al Maktoum Foundation for Distinguished Academic Performance: World Conference for Gifted and Talented Children 2021
• Dubai Health Authority: World Hospital Congress 2021
• Emirates Urology Society: Asian Congress on Urology 2023
• Emirates Society of Emergency Medicine: Asian Conference on Emergency Medicine 2025
• International Association for the Protection of Intellectual Property AIPPI UAE & Emirates Intellectual Property Association: AIPPI World Intellectual Property Congress 2025
• World Flower Council – UAE chapter: World Flower Council International Summit 2020
• Dr. Mahaveer Mehta Medical Center: International Geriatric & Aesthetic Dermatology Conference 2021

Source: Travel Daily News

The Al Safeer Congress Ambassador Programme supported 67% of successful bids for association conferences submitted by Dubai Business Events in 2017.

In February 2018, Dubai Business Events (DBE) awarded members of its Al Safeer Congress Ambassadors Programme for their stellar contribution in attracting international conferences to the city. The awards were presented to 26 member organisations at the Programme’s annual appreciation ceremony.

The event gathered more than 150 ambassadors, including doctors, scientists, industry experts, business leaders and government officials from across the UAE, who are all playing a significant role in defining Dubai as a knowledge hub.

Issam Kazim, Chief Executive Officer of Dubai Corporation for Tourism and Commerce Marketing, said: “The Al Safeer Programme ambassadors have undoubtedly been pivotal to Dubai’s growing knowledge hub status, and their dedication and commitment to the city’s vision have significantly contributed to Dubai’s strengthened ability to attract international conferences. We have seen tremendous results driven by the Al Safeer Programme since its formation, and are confident that the growing network of ambassadors will continue to propel Dubai forward as a knowledge economy and a premier host city for business events.”

His Excellency Helal Saeed Almarri, Director General of Dubai Tourism, presented ambassadors with their awards at the event. Among the guest speakers at the event was Eng. Salem Humaid Al Marri, Assistant Director General for Scientific and Technical Affairs at Mohammed Bin Rashid Space Centre, who explained how the organisation worked with Dubai Business Events and other partners to win a bid to host the International Astronautical Congress in 2020.

In 2017, the Programme supported in successfully bidding for over 30 international association conferences to be hosted in the city, which represents 67% of the bids awarded to the city during the year.

The events are expected to attract over 25,000 experts and key opinion leaders from around the world. The city is also gearing up to host over 50 ambassador-assisted events in 2018 and beyond, with over 64,000 delegates expected to attend.

Source: Visit Dubai website

UAEFMA Wishing you a happy and blessed Easter to you and your family.

Stay Positive,
Stay Safe,
Stay Healthy

حرصا من جمعية الإمارات للمتداولين في الأسواق الماليه علي دعم مسيرة العمل التطوعي علي مستوي الدوله للحفاظ علي صحه وسلامه المجتمع والحد من انتشار فيروس كورونا المستجد (covid-19 ) نفيدكم علما بأن جمعية الإمارات ومن واقع مسؤولياتها الوطنية وحرصها على تعزيز الشراكة والمسؤولية المجتمعية لدى كافة شرائح وفئات المجتمع للتصدي لهذا الخطر تدعوكم للمشاركه للعمل التطوعي بمنصه الإمارات للتطوع . وعليه فإن جمعية الإمارات تدعو كافه اعضائها ممن لديهم الرغبة للمشاركة في هذه الحملة أن يبادروا بتسجيل بياناته وإهتماماته بالمنصه والتي سوف تقوم بالتواصل معك بعد التسجيل للتنسيق

ماعليك سوي الدخول علي رابط المنصه
Volunteers.ae
ومن ثم اختيار الإداره ثم بعد ذلك الاشتراك كمتطوع

كن ايجابيا…وتكون من أجل مجتمع آمن

دبي- الوطن:
أعلنت جمعية الإمارات للمتداولين في الأسواق المالية عن إطلاق برنامج أداء التوطين الأمثل الرامي لتشجيع ودعم قطاع البنوك المحلي في تطبيق استراتيجات توطين فعالة.
ويهدف البرنامج، الذي أطلق هذا الأسبوع (الأحد 10 ديسمبر) خلال فعالية عقدت في فندق ’أتش‘ بدبي بحضور كبار الشخصيات وممثلي الهيئات الحكومية ورؤساء البنوك وكبار الخبراء الماليين، لتهيئة الأرضية للعاملين في القطاع للعمل معا لخلق مستقبل أفضل للإمارات.
وبتواجد مجموعة من البنوك العاملة داخل الإمارات، تطرقت الفعالية لمناقشة أهمية توظيف المواطنين والحفاظ عليهم والتحديات التي تواجه توجهات التوطين وجودة النهج الذي تتبعه مبادرات التوطين والتأثيرات الإيجابية للتوطين على الخزينة والأسواق المالية.
وتعليقا على اطلاق المبادرة، صرح محمد الهاشمي، رئيس مجلس إدارة جمعية الإمارات للمتداولين في الأسواق المالية، قائلا: “بعد مناقشات ومداولات مع أعضائنا، لاحظنا اهتماما كبيرا من قبلهم بتوفر برنامج من هذا النوع هنا في الإمارات، وقد أخبرونا برغبتهم بتوظيف المزيد من المواطنين الإماراتيين، لكننا غالبا ما نواجه العقبات خلال هذه العملية”.
واضاف: “تماشيا مع رؤية الإمارات 2021، نرغب بالمساهمة في رفع نسب التوطين ليس فقط في البنوك الحكومية بل وفي أسواق المال الخاصة. هدفنا في جمعية الإمارات للمتداولين في الأسواق المالية هو تسهيل التواصل بين الجهات المالية المحلية والعالمية، بالإضافة إلى مشاركة الأفكار والمعارف ونأمل أن يساعد هذا البرنامج على دعم أعضائنا”.
ويأتي إطلاق البرنامج بعد أقل من شهر على انعقاد الدورة الـ 42 لمؤتمر المتداولين في الأسواق المالية، الذي نظمته بنجاح في دبي جمعية الإمارات للمتداولين في الأسواق المالية بالتعاون مع الاتحاد العربي للمتداولين في الأسواق المالية، وحظي بمشاركة المئات من ممثلي البنوك المحلية و العالمية والتجار ومدراء الصناديق والخبراء الماليين.
وسيغطي البرنامج استراتيجيات تخطيط المهن والتدريب والتعليم وبرامج المسؤولية المجتمعية للشركات، كما سيقدم جائزة سنوية للبنك الأفضل سجلا. وسيبدأ تطبيق المبادرة في يناير 2018، وستركز على إنتاجية مواطني دولة الإمارات على المدى الطويل، بالعمل في أسواق المال و الخزينة في أنحاء الإمارات.

Source: http://alwatannewspaper.ae/?p=273284

The UAE Financial Markets Association, UAE FMA, has announced the launch of the ‘Emiratisation Optimal Performance Scheme’ to encourage and support the local banking industry in implementing efficient nationalisation strategies.

The programme launch in Dubai was attended by VIP government authority representatives, UAE bank CEOs and senior finance professionals. The programme’s overarching aim is to help the industry work together to create a better future for the UAE.

Within the presence of various banks from UAE, the event tackled the importance of hiring and retaining nationals, the challenges facing Emiratisation, the quality of nationalisation processes as well as the positive effect of nationalisation in treasury and capital markets.

Mohammed Al Hashemi, Chairman of the UAE FMA, said, “We identified a strong demand for a scheme of this kind here in the UAE after speaking to our UAE FMA members and we have observed that they want to employ more UAE nationals but are often experiencing numerous hurdles in doing so.

“In line with the UAE Vision 2021, we want to help increase Emiratisation in the banking sector specially treasury and capital markets department. Our aim at the UAE Financial Markets Association is to facilitate the connectivity between local and international financial bodies, as well as the sharing of ideas and knowledge and we believe this scheme will support our members in hiring qualified UAE Nationals.”

The programme will cover career planning, training and coaching, corporate social responsibility and it will provide a yearly award for the best scoring bank. The implementation of the initiative will begin in January 2018, and will focus on the productivity of UAE nationals in the long term, working in the treasury and capital markets throughout the Emirates.

Source: http://www.emirates247.com/news/emirates/uae-fma-launches-emiratisation-programme-2017-12-12-1.662900

The 2nd GCC Financial Markets & Treasury Conference, held under the patronage of His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance of the UAE, has opened today in Dubai. The theme of the conference, which runs at the H Hotel Dubai until Friday 22 January, is the direct impact of the ‘new oil order’ on GCC countries and the anticipated economic implications of the rise of fiscal deficits in the region.

Trader education is key to solving current market issues

One of the high profile speakers at the event, Marshall Bailey, President of ACI International, is taking part in a panel session which will analyse what progress has been made in developing and enforcing codes of conduct and risk management in the GCC.

Marshall BAiley said: “A lack of harmonization in rules and regulations continues to be a major cause for concern among market participants” and “The vast majority of institutions operate globally, and therefore, have to comply with multiple laws and codes of practice at the same time. When these rules diverge, contradict or are unclear, compliance becomes confusing, resource-heavy and requires additional personnel, time and money.”

For GCC regulators, the message from Bailey is to create laws which are as globally harmonized as possible, although he acknowledges there are further implications in relation to codes of conduct, and to invest time and money into educating traders.

Marshall Bailey continued:

“The number one rule for any global code to be effective is that it has to apply universally across borders, so all participants are clear on what is and is not acceptable behaviour.”

“The second is education and awareness of the rules. Trader education, not regulation, is the key to solving the current market issues, and once individuals are made aware, their managers and compliance departments need to make sure it is enforced appropriately.”

In order to create clarity in the market, Bailey advises national regulators to adopt the clearly defined codes and if necessary, back those up with laws to embed the national financial regulations and guarantee strong enforcement.

Levelling the playing field internationally in this way will provide much needed clarity for financial market professionals – something that many institutions are crying out for. It is also beneficial for regulators, as they can measure the behaviour, ethics and conduct of all participants by the same criteria, regardless of whether they are in New York, London, Dubai, Singapore or Japan, and any misdemeanours can be immediately addressed.

The ACI Model Code will be highlighted by Bailey at the conference as the best place to start because it is widely accepted as the most complete of codes and provides a comprehensive moral compass to which professionals can adhere globally.

The GCC Financial Markets & Treasury Conference, moderated by radio presenter Richard Dean, is organised by the UAE Financial Markets Association, in association with strategic partner Dubai International Financial Centre, which has been instrumental in connecting financial institutes together.

Other speakers at the event include:

• – Thunayan Al Ghanim, Honorary President, ICA and KFMA Kuwait;
• – Professor Tom James, Co-Founder and Managing Director, Novita’s Resources;
• – Fahad Al Turkic, Chief Economist and Head of Research, Jada Investment;
• – Mohammed Alsahlawi, Professor of Economics, King Fahad University of Petroleum.

The 2nd Financial Markets & Treasury Conference is supported by ADS Securities, Tullett Liberty and BCG Partners.

Source: https://acifma.com/news/2nd-gcc-financial-markets-treasury-conference-has-opened-dubai

GCC must create globally harmonised laws.  Economic experts on Thursday discussed GCC implications of the ‘new oil order’ and said traders’ education is key to solve current market issues.

The 2nd GCC Financial Markets & Treasury Conference opened in Dubai with the theme of the direct impact of the ‘new oil order’ on GCC countries and the anticipated economic implications of the rise of fiscal deficits in the region.

One of the high profile speakers at the event, Marshall Bailey, President of ACI International, analysed what progress has been made in developing and enforcing codes of conduct and risk management in the GCC during a panel discussion. “A lack of harmonisation in rules and regulations continues to be a major cause for concern among market participants,” said Bailey. “The vast majority of institutions operate globally, and therefore, have to comply with multiple laws and codes of practice at the same time. When these rules diverge, contradict or are unclear, compliance becomes confusing, resource-heavy and requires additional personnel, time and money,” he explained.

For GCC regulators, the message from Bailey is to create laws which are as globally harmonised as possible, although he acknowledges there are further implications in relation to codes of conduct, and to invest time and money into educating traders.

He added: “The number one rule for any global code to be effective is that it has to apply universally across borders, so all participants are clear on what is and is not acceptable behaviour. “The second is education and awareness of the rules. Trader education, not regulation, is the key to solving the current market issues, and once individuals are made aware, their managers and compliance departments need to make sure it is enforced appropriately.”

In order to create clarity in the market, Bailey advises national regulators to adopt the clearly defined codes and if necessary, back those up with laws to embed the national financial regulations and guarantee strong enforcement.

“Levelling the playing field internationally in this way will provide much needed clarity for financial market professionals – something that many institutions are crying out for. It is also beneficial for regulators, as they can measure the behaviour, ethics and conduct of all participants by the same criteria, regardless of whether they are in New York, London, Dubai, Singapore or Japan, and any misdemeanours can be immediately addressed.”

The ACI Model Code will be highlighted by Bailey at the conference as the best place to start because it is widely accepted as the most complete of codes and provides a comprehensive moral compass to which professionals can adhere globally.

The GCC Financial Markets & Treasury Conference is organised by the UAE Financial Markets Association, in association with

strategic partner Dubai International Financial Centre, which has been instrumental in connecting financial institutes together.

Other speakers at the event include:

• – Thunayan Al Ghanim, Honorary President, ICA and KFMA Kuwait;
• – Professor Tom James, Co-Founder and Managing Director, Novita’s Resources;
• – Fahad Al Turkic, Chief Economist and Head of Research, Jada Investment; and
• – Mohammed Alsahlawi, Professor of Economics, King Fahad University of Petroleum.

 

Source: https://acifma.com/news/gcc-must-create-globally-harmonised-laws-experts-staff-report

Dubai: Crude prices may remain low at least in the short term, Mohammad A. Al Sahlawi, a former member of advisory board, Supreme Economic Council of Saudi Arabia told Gulf News on Thursday.

“Next year, prices would be prevailing at around $20s. We don’t see a major growth in demand in emerging economies like China, and supplies are expected to increase from many countries especially Iran, US,” said Al Sahlawi, who is currently a professor of economics, college of industrial management, King Fahd University of Petroleum and Minerals in Riyadh. “So there is less demand, more supplies, so prices would be at lower level.” He was speaking on sidelines of a financial markets conference in Dubai.

Oil prices have crashed about 75 per cent since mid-2014, hit by a perfect storm of a supply glut, weak demand, a slowing global economy and a strong dollar.

On Tursday Brent traded at $27.88 per barrel, a far cry from the $147 struck in early July 2008.

Asked when he expected a recovery in prices, Al Sahlawi said, “not very soon, we may see a recovery in 2-3 years.” Oil prices would be low range in the coming years — may be in the range of $20-30s, he added without giving any forecasts.

Market share

Al Sahlawi said he does not expect much impact from Iranian supplies, but Saudi’s output is in the range to maintain its market share.

Despite the huge slump in oil prices over the past 18 months, the IEA (International Energy Agency) said earlier in the week that it is unlikely that Saudi production will fall below 10 million bpd (barrels per day) in the coming months.

Saudi Arabia has produced more than 10 million barrels per day bpd for ten consecutive months, pushing its average output at the end of 2015 to a record 10.17 million bpd.

The Organisation of the Petroleum Exporting Countries (Opec) is still pumping close to record amounts despite tumbling oil prices, and to add to the supply glut, another 400,000 bpd is expected to come on board from Iran, the Opec’s fifth largest producer.

However, in a report earlier in the week, Opec did not expect a substantial recovery in demand of its oil even as it forecast a steeper decline in non-Opec members output. Supply outside Opec would decline by 660,000 bpd in 2016, led by the US.

“The analysis indicates that 2016 will be a supply-driven market. It will also be the year when the rebalancing process starts,” Opec said in its monthly report on January 18.

Source: http://gulfnews.com/business/sectors/energy/crude-prices-to-stay-in-20s-says-former-saudi-official-1.1657591