Dubai, UAE – The sixth Islamic Economy Award (IEA) ceremony will take place on the sidelines of the fourth Global Islamic Economy Summit (GIES 2018). The summit is organised by Dubai Chamber of Commerce and Industry (Dubai Chamber) and Dubai Islamic Economy Development Centre (DIEDC), and strategically supported by Thomson Reuters. GIES will run from 30 to 31 October at Madinat Jumeirah in Dubai.
IEA was launched in 2013 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the supervision of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai. The annual award is independently managed by Thomson Reuters, and it highlights the most innovative initiatives that drive economic development in line with the core principles of the Islamic economy – responsibility, sustainability and positive impact on society.
His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, said: “With the rise of protectionist measures in several economic zones around the world, the UAE is positioning itself today as a global hub for innovative ideas originating not only from international corporations but also from entrepreneurs and small and medium-sized enterprises. The emirate’s smart infrastructure, enhanced by its digital transformation and artificial intelligence applications, and supported by a comprehensive legal and regulatory framework that stimulates investment and ensures transparency, gives it a distinct competitive edge.”
He added: “In this context, the recent announcement by the UAE Cabinet bringing into effect a new visa system for international investors and outstanding experts in vital economic sectors reflects the country's keenness to attract the best talent from across the globe.”