ADGM, Luxembourg ink agreement

Abu Dhabi - "The signing of a MoU on bilateral cooperation reflects the magnitude of efforts undertaken by the Ministry, as well as the importance of the UAE-Luxembourg Council for Islamic Finance Cooperation."



Abu Dhabi Global Market (ADGM) and Luxembourg for Finance (LFF) signed a Memorandum of Understanding (MoU) on bilateral cooperation, on the sidelines of the second meeting of the UAE-Luxembourg Council for Islamic Finance Cooperation.
The signing ceremony was held in the presence of Younis Haji Al Khoori, the Undersecretary of the Ministry of Finance (MoF), and the MoU was signed by Philippe Richard, International Affairs Director of the FSRA, ADGM and Nicolas Mackel, chief executive officer of LFF. The MoU aims to strengthen  bilateral dialogue between the two organisations and establish a partnership framework for the exchange of views and expertise in the fields of banking, financial services and securities regulation of each jurisdiction. 
The participating UAE delegation includes representatives from MoF, the Central Bank, Dubai Islamic Economy Development Centre, Dubai International Financial Centre, UAE Space Agency, Emirates Institute for Banking and Financial Studies, Abu Dhabi Global Market, Noor Bank, Dubai Islamic Bank, Sharjah Islamic Bank and Abu Dhabi Islamic Bank.
"The Ministry of Finance is committed to creating all the necessary administrative and organisational conditions to promote a network of cooperative financial relations that link the various government and private institutions in the UAE, with its partners abroad," said Al Khoori.
The signing of a MoU on bilateral cooperation reflects the magnitude of efforts undertaken by the Ministry, as well as the absolute importance of the UAE-Luxembourg Council for Islamic Finance Cooperation."
- business@khaleejtimes.com
 


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