Dubai Financial Centre strengthens ties with Lebanese banking community


(MENAFN- Emirates News Agency (WAM))

DUBAI, 14th May, 2017 (WAM) -- Dubai International Financial Centre, DIFC, today hosted select senior representatives from the Lebanese banking community at an industry-focused event to enhance relationships within the well-established sector.

The attendees were addressed by Riad Salameh, Governor of the Banque Du Liban (Lebanese Central Bank), and Essa Kazim, Governor of DIFC. They highlighted how the banking sector is strategically important in both Lebanon and Dubai, emphasising that closer collaboration will help develop the industry in the region and beyond.

'The DIFC is pleased to be hosting Banque Du Liban for today's event which brings together people who are committed to developing banking sectors in Lebanon, the region and South-South corridor. Lebanon's banks and financial institutions have built a high level of credibility both in relation to levels of liquidity and industry standards they collectively uphold, at home and overseas,' said Kazim.

Mr. Salameh said: 'We are delighted to attend today's event hosted by DIFC. We are very proud of the performance of our country's banking sector in recent times, both at home and abroad, and it is encouraging that DIFC is aligned with our growth objectives, supporting the banking sector's development in the UAE and beyond from a robust and secure base.'

DIFC is the leading international financial hub in the Middle East, Africa and South Asian region.

WAM/rola/Chris

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