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ADGM, Morocco’s CFCA sign MoU to promote financial services sector development

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The partnership seeks to strengthen collaboration between the authorities to explore possible cross-border initiatives, facilitate knowledge sharing and accelerate the development of the financial services sector to support the growth of the MENA region.

Monday 11, February 2019 BY KUDAKWASHE MUZORIWA

The Registration Authority of Abu Dhabi Global Market (ADGM) and the Casablanca Finance City Authority (CFCA) have signed a MoU to foster closer collaboration between the UAE and Morocco as well as jointly promote the development of financial services in the respective markets.

In a joint statement, the duo stated that the partnership provides a platform for the authorities to foster best practise and knowledge in the fields of green finance, Islamic finance and financial technologies (fintech) to advance the growth of financial services.

Dhaher Bin Dhaher Al Mheiri, the CEO of the ADGM Registration Authority, said, “We will work closely to develop a robust financial services sector that is supported by green finance and innovative financial technologies.”

This partnership is the first of its kind established by CFCA with a GCC financial centre, added Said Ibrahimi, the CEO of Casablanca Finance City Authority.

 

TAGS : ADGM, CFCA, MoU, Islamic finance, Green finance

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