Nov 23 2008 |
more articles from
|
Deutsche Bank establishes Middle East foundation
DUBAI, November 23, 2008 - Deutsche Bank today announced the establishment of the "Deutsche Bank Middle East Foundation," an initiative focused on advancing the Bank's Corporate Social Responsibility (CSR) program in the region.
The announcement came during the opening of Deutsche Bank 's "Bauhaus" art exhibition at the Dubai International Financial Centre (DIFC) , hosted by Dr. Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, and His Excellency Dr. Omar Bin Sulaiman, Governor of the DIFC and Vice Chairman of the UAE Central Bank.
The Deutsche Bank Middle East Foundation is the latest initiative to join the family of the Bank's foundations in Asia, Africa and the Americas. In addition, Deutsche Bank has active CSR programs across Europe and the UK.
HE Dr. Omar Bin Sulaiman said: " The Deutsche Bank Middle East Foundation is an excellent CSR initiative that can serve as a model for other organisations in the region. DIFC is keen to support CSR initiatives based on our firm belief that adopting CSR principles significantly enhances the sustainability of the business. Making CSR an integral part of corporate policies and strategies makes excellent business sense. We look forward to working with Deutsche Bank to advance CSR in the region."
Henry Azzam, Deutsche Bank 's CEO in the Middle East and North Africa, said "We are very pleased to establish the Deutsche Bank Middle East Foundation as a stepping stone for an active regional CSR program. Our aim goes beyond a mere financial commitment; we want to build social capital by creating opportunities, fostering talent and ensuring long-term viability in the region."
During his speech, Dr. Ackermann pointed out that Deutsche Bank 's Bauhaus art exhibition in DIFC marked the first step in the Bank's regional efforts in Corporate Social Responsibility.
The exhibition was inaugurated on the occasion of the DIFC Week in collaboration with DIFC and the Dubai Culture and Arts Authority, and marks the first time Deutsche Bank has publicly exhibited its art collection in the Middle East. Some of these valuable pieces are normally shown only in the Frankfurt head office of the Bank.
The Bauhaus school was established between 1919 and 1933 in Germany and existed as a new form of an art academy. Artistically it emerged from important predecessors in Austria, the Netherlands and Russia following a completely new perception of beauty based on simplicity and functionality leading to a new form of non-figurative art. Almost all famous teachers of the Bauhaus school are included in the exhibition: Max Bill, Lyonel Feininger, Wassily Kandinsky, Paul Klee, Laszlo Moholy-Nagy, Oskar Schlemmer and as representatives of the students' generation Josef Albers and Fritz Winter. The importance of prints as a medium in this context is reflected especially well in the pieces chosen for this exhibition and references to the focus of the Deutsche Bank Collection - works on paper.
For more information on
Deutsche Bank
's CSR and art activities please visit: www.db.com/csr / www.db-artmag.com
-Ends-
About Deutsche Bank
Deutsche Bank
is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,308 employees in 75 countries,
Deutsche Bank
offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank 's commitment in the MENA region is more than a century old, beginning with the Bank's financing of the construction of the Baghdad railway.
Deutsche Bank opened its first office in Cairo in 1959, followed in the early seventies by an office in Bahrain. In 1999, Deutsche Bank embarked on a regional expansion drive across the GCC which began with the opening of an office in the UAE's Capital Abu Dhabi in 1999, followed by two offices in Dubai: a representative office inaugurated in 2001 and a branch at the Dubai International Financial Centre (DIFC) in 2005. In April of 2006, Deutsche Bank opened a branch in the Kingdom of Saudi Arabia, in the capital Riyadh. In November of 2007, Deutsche Bank opened its branch in the Qatar Financial Centre in Doha.
Deutsche Bank AG in the MENA region offers the full range of investment banking, asset management; private wealth management; and global transaction banking services. Deutsche Bank AG is well recognized for its leading role on some of the most prestigious regional transactions. The Bank is the recipient of several regional and international awards in recognition for its achievements in investment banking and Islamic finance in the region.
www.db.com / http://www.db.com/mena/
About the
DIFC
:
The
Dubai International Financial Centre (DIFC)
is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just four years, over 750 firms have registered at the
DIFC
. They operate in an open environment complemented with world-class regulations and standards. The
DIFC
offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards. (www.difc.ae)
For further information, please call:
Deutsche Bank
MENA
Dana Budeiri
Press
Phone: +971-4-361 1744
e-mail: dana.budeiri@db,com
Deutsche Bank
Dr. Klaus Winker
Press
Phone: +49-69-910-32249
e-mail: klaus.winker@db.com
Britta Färber
Art
Phone: +49-69-910-35960
e-mail: britta.faerber@db.com
DIFC
Amira Abdulla
Director- Regional Public Relations
Dubai International Financial Centre
Tel: +971 4 362 2433
E-mail: amira.abdulla@difc.ae
Shaima Al Zarouni
Assistant PR Manager
Dubai International Financial Centre
Tel: +971 4 362 2432
E-mail: shaima.alzarouni@difc.ae
Iman Ahmad
Regional Media Relations Manager
Dubai International Financial Centre
Tel: +971 50 2058021
E-mail: iman.ahmad@difc.ae
© Press Release 2008
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment