· 'House of Debt' book launch attracts variety of regulators, high profile professionals, CEO's, business owners and Academia
· Event affirms dunia's commitment to community development
UAE - Dunia Finance (dunia), a leading UAE based financial services provider, hosted the second dunia Knowledge Series event last night to an impressive audience of regulators, business owners, CEOS, and high profile professionals and Academia. The exclusive event by dunia featured the release for the book 'House of Debt' authored by Professor Amir Sufi- Bruce Lindsay, Professor of Economics and Public Policy at The University of Chicago Booth School of Business, who was especially invited by dunia to release the book in the UAE. Professor Sufi is an internationally acclaimed economist and academic who also serves as a Research Associate at the National Bureau of Economic Research, and associate editor for the American Economic Review and the Quarterly Journal of Economics. Professor Sufi's research focuses on finance and macroeconomics which forms the basis of his book: House of Debt: How They (and You) Caused the Great Recession and How We Can Prevent It from Happening Again, which he co-authored with Atif Mian.
'House of Debt', one of the most influential economic books to be published in recent years, highlights significant economic events such as the Great Recession as well as the economic malaise in Europe, and discusses how each were caused by the buildup of household debt and significant falls in household spending. At the event itself, Professor Amir Sufi gave the audience valuable insight on the current economic environment and the lessons that can be learnt from past mistakes to ensure the further development of our competitive economic future.
Commenting on the second dunia Knowledge Series event, Rajeev Kakar, Managing Director & CEO of Dunia, said:
"At dunia we are truly committed to the continuous sharing of knowledge with the broader community. The dunia Knowledge Series initiative hosts a selection of inspirational speakers to engage the community in thought provoking issues, encourages debate and introspection, to help empower people through learning and sharing, enabling their success and enriching their lives and that of the community we live in. dunia is committed to this initiative of sharing knowledge on a continuous basis in the future.
Kakar further added, "Professor Amir Sufi's valuable insights on the current economic environment and the challenges we face going forward at last night's second dunia Knowledge Series event, offers one such view on the current economic situation. I am confident that this has influenced greater introspection amongst the members of the audience and will lead to the building of a better community in the UAE . "
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ABOUT DUNIA FINANCE
Dunia is an Abu Dhabi headquartered finance company operating in the UAE. It is a strategic investment and alliance created by a group of leading players namely:
· Mubadala - a wholly owned investment and development vehicle of the Government of the Emirate of Abu Dhabi
· Fullerton Financial Holdings - a wholly owned subsidiary of Temasek Holdings in Singapore
· Waha Capital - a holding company engaged in owning, selling, leasing and investing in various types of fixed and movable assets worldwide
· A.A. Al Moosa Enterprises - one of the leading business groups in the UAE
Dunia aims to focus nationally on the key Mass Affluent and Mass Market segments in the Consumer Financial services side, and on the SME and Small business customers on the Business Finance side. Through a nationwide presence in the UAE, dunia provides a full-function product range, including a secured and unsecured loans, credit cards, financial planning services, deposits, financial guarantees and payroll processing for non-individual customers.
Dunia is unique in its use of a customer-centric approach that aims to deliver a differentiated, yet relevant and unique value proposition that caters to the holistic product, convenience, experience, and service expectations of people in the UAE. All this is delivered sustainably and predictably to customers through processes and a proposition that is supported by investment in state-of-the-art technology and capabilities; and through partnerships with service providers who excel in their individual areas of expertise. Dunia is led by a senior management team comprising of talented and seasoned business leaders with significant global experience.
Dunia means 'the world' in Arabic and in several other languages spoken in the UAE. Dunia aims to offer its customers a world of opportunities.
FOR MORE INFORMATION, PLEASE VISIT WWW.DUNIA.AE OR CONTACT:
Mariam Elsamny, Chief Marketing Officer
Dunia Finance
Email: mariamelsamny@dunia.ae
Tel: +971 528559555
MEDIA CONTACTS
Georgia Lewis
Bell Pottinger
Email: glewis@bellpottinger.com
© Press Release 2016
