Dubai Chambers of Commerce organizes an open dialogue with 82 private sector representatives to support the financial flexibility of companies
Dubai, April 20 / WAM / The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, in cooperation with Mashreq Bank, organized an open interactive dialogue with 82 representatives of the private sector, with the aim of supporting the financial flexibility of companies, discussing the urgent banking requirements of the business community and reviewing the financing solutions and advanced banking services that the bank provides to support companies and enhance their ability to adapt to current economic changes.
The workshop comes as part of a series of interactive dialogues organized by the Dubai Chamber of Commerce in cooperation with a number of financial institutions with the aim of aligning banking products and services with the needs of companies, and supporting the sustainability and growth of their businesses in a dynamic business environment that is flexible and fully prepared to deal with the challenges imposed by the current circumstances.
Participating in the session were His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, Joel Van Dusen, Head of Corporate and Investment Banking Group at Mashreq, Fernando Murillo, Head of Retail Banking Group, and Roy Sebastian, Group Head of Credit Risk Management; Along with an elite group of Mashreq leaders.
It witnessed extensive interactive discussions on the challenges associated with financing and the current banking requirements of the business community, in addition to reviewing a set of practical financial solutions that allow companies to enhance their operational efficiency and improve their financial flexibility.
The vital role of the banking sector in enhancing the ability of the local business community to keep pace with the developments that the world is currently witnessing was also highlighted.
His Excellency Mohammed Ali Rashid Lootah, Director General of Dubai Chambers, said: Protecting the interests of the business community and supporting the competitiveness of the private sector are at the top of our priorities, and we continue to work to strengthen the components of the integrated economic system in Dubai to support companies operating in the emirate in all circumstances, and stimulate the continuity and growth of their businesses, thus consolidating Dubai’s position at the forefront of trade and investment centers in the world.
For his part, Joel Van Dusen, Head of the Corporate and Investment Banking Group at Mashreq, said: Our participation in this dialogue, in cooperation with the Dubai Chamber of Commerce, reflects our joint commitment to enhancing the capacity and readiness of the private sector and supporting companies in the face of accelerating economic changes.
During the event, the Mashreq team reviewed the financing solutions package it provides to companies, focusing on the banking empowerment mechanisms available to the business community to support the ability to face current global challenges.
The discussions addressed the most important financing needs for each sector, emphasizing the importance of providing flexible financing tools and innovative banking options that enhance companies’ ability to adapt, support business continuity, and contribute to enhancing the flexibility of the private sector.
In turn, Fernando Murillo, Head of the Retail Banking Group at Mashreq, said: Through our cooperation today with the Dubai Chamber of Commerce, we are strengthening the partnership at the level of the economic system and contributing to creating an environment that enables companies to adapt with confidence. This approach reflects our focus on providing banking solutions that are specifically designed and keep pace with the future, in a way that enhances the flexibility of operations and supports financial stability.
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