Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 23-Oct-2012

On Sunday, Dubai Financial Market (DFM) said it has inked an agreement with Dubai eGovernment which will allow market participants to pay the exchange’s fees electronically through the Dubai eGovernment Portal.

Eisa Kazim, Managing Director and CEO of DFM (PJSC), and Ahmad Bin Humaidan, Director General of Dubai eGovernment Department inked the agreement during GITEX 2012 in the presence of senior representatives from both sides.

DFM clients, through this Portal, will be able to pay the fees with 5 member banks namely; Dubai Islamic Bank, Commercial Bank of Dubai, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank and Union National Bank. The DFM customers will be able to use the ePayment Portal from the second half of next year following having all technical requirements in place.

Kazim said: “DFM has been constantly devoted to providing its participants with sophisticated and innovative service channels. Consequently, the introduction of the ePayment service through Dubai eGovernment’s secure and effective mechanism reflects the increasing popularity of DFM’s electronic services amongst our participants. This includes for example, the eForms service, which enables our clients to complete, submit and track their applications online. We are confident that our partnership with the Dubai eGovernment will add value to investors and various participants, and will further support our plans as DFM is currently preparing for more advanced services in 2013.”

During the first nine months of this year, the amounts collected through the portal increased 23 per cent compared to the same period of last year for the settlement of fees of over 250 eServices provided by 27 government departments to their cleints.

Go to previous page