Middle East banks already spend around Dh5 billion on their information technology (IT) needs, making them the top investors in the sector, according to MEFX organisers.
The three-day MEFX Summit on Future Proofing Your Bank also talks about the thirst for fresh products in the Islamic finance industry, which is growing by an estimated 20 per cent every year.
This country [the UAE] is growing very rapidly and the technology is changing very rapidly - a very complex situation for the financial industry," said Amir Rashid, Etisalat's director of enterprise solutions, at a press conference on Tuesday at the Dubai International Convention and Exhibition Centre, where MEFX will be held.
The telecom firm and a host of other companies supporting bank operations are participating at MEFX.
Supported by Dubai International Financial Centre (DIFC), GITEX TECHNOLOGY WEEK is proud to announce the co-location of MEFX
Commenting on day one of the show, Helal Saeed Al Marri, Director General, Dubai World Trade Centre, said: "The successful launch of MEFX
marks the beginning of a productive three-day event for the Middle East banking and finance industry.
Sybase 365's Vice President Mcommerce, Matthew Talbot will be speaking on Mobile Banking Initiatives at the MEFX
As the region's financial industry continues to grow, so too does the demand for IT innovation and the DIFC is delighted that SmartStream will be exhibiting its range of solutions from the DIFC stand at MEFX
comAs the organiser of MEFX
, Dubai World Trade Centre offers over 29 years' experience of delivering world-class events in the Middle East, providing local, regional and international exhibitors with unmatched expertise and in-depth market knowledge.
Presented by the Dubai International Financial Centre (DIFC) and organised by the Dubai World Trade Centre (DWTC), MEFX
will be held from 1 - 3 June, 2008 at the Dubai International Convention and Exhibition Centre.
EastNets to participate in inaugural MEFX
2008 banking and finance trade fair
June 2008 will see the launch of two specialist trade shows in fast-growing sectors like financial technology and food production, with MEFX
to support the banking and financial services sectors, and Ingredients Middle East for raw materials in food production.