Dubai Chambers and"HSBC" They enhance the expansion of companies locally and globally
Dubai, 4 December / WAM / Dubai Chambers concluded a memorandum of understanding with HSBC Bank Middle East Limited, with the aim of supporting local companies to expand in global markets, and enhancing the ability of international companies to establish and grow their businesses in Dubai.
Under the memorandum of understanding, the two parties will cooperate to enhance banking services allocated to companies that Dubai Chambers attracts to the emirate, and other services for the business community in Dubai in general, which contributes to enhancing the growth of local and international companies operating in the emirate, and supporting their ability to expand locally, regionally and globally.
HSBC will provide global trade financing services and local account opening services for companies.
In turn, Dubai Chambers will support the bank’s clients around the world who wish to invest in Dubai and grow their businesses from the emirate.
The memorandum of understanding with the bank comes within the framework of the “Global Partnerships Programme,” which enhances the efforts of Dubai Chambers in attracting foreign investments and expanding the business of local companies in promising foreign markets, through cooperation with global service providers across 8 commercial categories, in line with the objectives of the initiative. “Dubai Global” to help Dubai companies explore new business opportunities and attract foreign direct investments.
His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, affirmed Dubai Chambers’ commitment to supporting local companies to expand into promising international markets, helping companies develop their businesses and activities, and ensuring efforts to accelerate the growth of companies in various sectors and attract global investments to Dubai.
For his part, Stephen Moss, Regional CEO of HSBC Bank for the Middle East, North Africa and Turkey, said that Dubai has strengthened its position as a major global business centre, and its close connection with the world is reflected in the growth of its trade with all traditional and emerging markets and trade corridors, especially with Asia, and cooperation will contribute The bank, with its international reach, works with Dubai Chambers to promote the growth of corporate business in and from Dubai.
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