Organised by the Dubai World Trade Centre (DWTC) and running till June 3, MEFX is being held at the Dubai International Convention and Exhibition Centre.
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.
"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 in 2009.
"Holding MEFX alongside GITEX TECHNOLOGY WEEK will allow companies to integrate the solutions required to keep Dubai at the forefront of the international markets."
An initiative of the Dubai International Financial Centre (DIFC) and the Dubai World Trade Centre (DWTC), MEFX is the first trade show and conference in the region dedicated to technologies for the banking and finance sector.
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 Products Middle East today announced that they are participating in MEFX
, an exhibition and conference for the Middle East's Banking, Financial Services and Financial Technology sector, to be held from 1st - 3rd June 2008 at the Dubai International Convention and Exhibition Centre.
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
About Dubai World Trade Centre (DWTC) Website: www.dwtc.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.
EastNets has announced its upcoming participation in the first Middle East International Banking, Financial Technology and Services Exhibition and Conference (MEFX
) to be held from June 01 to 03, 2008, at the Sheikh Rashid Hall (booth C2-3), Dubai International Convention and Exhibition Centre, Dubai, UAE.