Dubai to host Global Islamic Economy Summit 2015

2015-08-21 11:32:10 | Al Muslim News
Dubai to host Global Islamic Economy Summit 2015
Global Islamic Economy Summit in October focus on innovation in light of evolving growth and success of the Islamic economy

 

As many as 2,000 policymakers, thinkers and business leaders from around the world will attend the 2015 Global Islamic Economy Summit (GIES) in Dubai on October 5-6.

The summit, which aims at building a roadmap capitalizing on the opportunities within the growing global Islamic economy, is to be organized jointly by the Dubai Chamber, the Dubai Islamic Economy Development Centre (DIEDC), and Thomson Reuters, WAM reported.

Under the patronage of Sheikh Mohammad bin Rashid, vice president and prime minister of the UAE and ruler of Dubai, the summit will feature more than 60 international speakers across 15 sessions, offering comprehensive insights on seven core "pillars" within the Islamic economy: Islamic Finance, Halal Industry, Family Tourism, Islamic Knowledge, Islamic Arts and Design, Islamic Digital Economy, and Islamic Standards, IINA reported.

GIES 2015 aims to take forward the ideas brought to table in the last two years, supported by sound statistics emerging from Thomson Reuters ' research reports, and launch innovative initiatives that address gaps in the needs of consumers of Islamic products and services around the world.

The competition, unlike any other platform available in the Middle East, will effectively serve as an incubator for SMEs across the world that aims to serve the Islamic economy with their innovations.

The incubation services that will be awarded to the winner of the competition, worth over $10,000, will support them in establishing a presence in Dubai and bringing their idea to fruition.

Islamic Art and Fashion, a niche industry witnessing growing popularity outside of the Middle East region as well, will be highlighted through an exhibition at the venue. The Islamic Economy Awards will recognize initiatives and ideas pertaining to eight key categories that have served to enhance bilateral trade and investment relations between Islamic nations.

Majid Saif Al Ghurair, Chairman of Dubai Chamber, said: "Dubai has played a central role in the growth story of the Global Islamic Economy (GIE) and we are convening top business minds and enterprising young individuals to hear from them new ideas and insights that can positively shape the industry further." 

For his part, Abdulla Mohammed Al Awar, CEO of Dubai Islamic Economy Development Centre, added: "The summit is designed to give a full picture of the Islamic Economy with a focus on the breadth of sectors underpinning the phenomenal growth and highlight the impact of trends that we all contribute towards in our everyday lives."

Nadim Najjar, managing director of Thomson Reuters, Middle East and North Africa, commented: "We have assembled two days of programming for delegates attending GIES 2015 which will explore how the Islamic economy is having an increasing effect at the global level, and how it presents viable solutions well beyond the typical sectors of banking and finance."

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