The Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, organized an interactive dialogue in cooperation with Emirates NBD, a leading banking group in the Middle East, North Africa, and Turkey. This forum brought together 86 representatives from the private sector with the aim of enhancing financial resilience among businesses, discussing immediate banking requirements of the business community, and exploring financing solutions and advanced banking services provided by the bank to support companies in adapting to current economic changes.
This workshop is a part of a series of interactive discussions organized by the Dubai Chamber in collaboration with several leading financial institutions. The goal is to align banking products and services with business needs, ensuring the sustainability and growth of companies in a dynamic business environment ready to tackle current challenges.
Attended by H.E. Mohammed Ali Rashed Lootah, Director General of Dubai Chambers, and Ahmad Al Qassim, Head of Business Banking for the group at Emirates NBD, the session featured extensive discussions about the financing challenges and current banking requirements faced by the business community. Additionally, a range of practical financial solutions was presented, enabling firms to enhance their operational efficiency and financial flexibility. The crucial role of the banking sector in strengthening the local business community’s ability to keep pace with global developments was also highlighted.
H.E. Mohammed Ali Rashed Lootah commented, “We are committed to enhancing the efforts made to support the readiness of the business community to adapt to rapid economic changes by strengthening communication between our strategic partners and stakeholders across various sectors, particularly the banking sector. We are dedicated to aligning financial solutions and services with the actual needs of companies to support their sustainability and enhance their growth potential under any circumstances.”
The Emirates NBD team showcased a comprehensive suite of financing solutions available to businesses, emphasizing the banking facilitation mechanisms that support the business community’s capacity to cope with current global challenges.
Discussions covered the specific financial needs of each sector, stressing the importance of offering flexible financing tools and innovative banking options that bolster businesses’ adaptability, support continuity, and enhance the private sector’s resilience.
<pIn his remarks, Ahmad Al Qassim stated, "Companies are facing short-term pressures, as regional conditions pose challenges to their operational and marketing performance. These discussions hosted by the Dubai Chambers provide an essential platform for dialogue between the private sector and financial institutions, aimed at enhancing alignment with the current needs of the business community. Emirates NBD reaffirms its strong commitment to the region and its clients, and we will continue our efforts to provide services that enable businesses to navigate economic changes with confidence."
Recently, Emirates NBD launched a “Business Support Package,” which includes temporary fee waivers to assist small and medium-sized enterprises in managing their daily operations over the coming months. The bank continues to work closely with clients to offer tailored solutions across various sectors.
This event forms part of an ongoing series of comprehensive meetings organized by Dubai Chambers with the private sector to monitor the current state of the business ecosystem amidst evolving conditions, anticipate future prospects, and enhance effective mechanisms for preparing all sectors to face global challenges. The chambers are intensifying collaborative efforts to adapt to current circumstances, closely understand the changing requirements of all sectors, and explore optimal ways to support companies, enhance their competitiveness, and improve operational efficiency.