The Dubai Chamber of Commerce, one of the three chambers operating under Dubai’s umbrella, in partnership with Emirates NBD, a leading banking group in the Middle East, North Africa, and Turkey, held an interactive dialogue with 86 private sector representatives. The focus of this session was to bolster financial resilience for businesses by discussing urgent banking requirements and showcasing advanced financial solutions and services provided by the bank to enhance companies’ adaptability to current economic changes.
This workshop is part of a series of interactive discussions organized by the Dubai Chamber in collaboration with prominent financial institutions to align banking products and services with the needs of businesses, supporting their sustainability and growth within a dynamic business environment ready to tackle current challenges.
Discussions
Involving Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, and Ahmad Al Qassim, Head of Business Banking at Emirates NBD, the session featured extensive interactive discussions on financing challenges and the current banking needs of the business community. A range of practical financial solutions was also presented to help businesses enhance operational efficiency and improve financial flexibility. The vital role of the banking sector in enabling local businesses to keep pace with global developments was emphasized.
Mohammed Ali Rashid Lootah stated, “We are committed to enhancing efforts to prepare the business community for rapid economic changes by strengthening communication among various strategic partners and stakeholders, especially in the banking sector. We aim to align financial services and solutions with the genuine needs of businesses to bolster their sustainability and capacity for growth in all circumstances.”
The Emirates NBD team showcased a comprehensive suite of financial solutions available for businesses, emphasizing the banking mechanisms accessible to the business community to support their ability to navigate current global challenges during the event.
The discussions highlighted the key financing needs of each sector, stressing the importance of providing flexible financing tools and innovative banking options that enhance businesses’ adaptability, support continuity, and contribute to strengthening the private sector’s resilience.
Platform
Ahmad Al Qassim remarked, “Businesses are facing immediate pressures as regional conditions create challenges for their operational and marketing activities. These dialogue sessions hosted by Dubai Chambers serve as a vital platform for communication 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. We will continue to provide services that empower businesses to confidently navigate economic changes.”
Recently, Emirates NBD launched a “Business Support Package” that includes temporary fee waivers to assist small and medium-sized enterprises in managing their daily operations in the coming months, while continuing to work closely with clients to deliver tailored solutions for various sectors.
This event is part of a series of extensive meetings organized by Dubai Chambers with the private sector in response to current business landscape changes, assessing future opportunities, and strengthening effective mechanisms to support all sectors in meeting global challenges. The chambers are also intensifying collaborative efforts to adapt to contemporary conditions and gain insights into the evolving requirements of all sectors, while exploring the best ways to support businesses and enhance their competitiveness and operational efficiency.