Dubai Chamber of Commerce & Industry and the International Chamber of Commerce (ICC) share the common goals of facilitating trade, promoting economic development and enhancing the business environment. These common goals have evolved to create a strategic partnership facilitating trade finance in the Middle East and North Africa (MENA) region.
Over the past years, the ICC Banking Commission’s mandates and functions have significantly evolved and expanded. This is why the ICC Banking Commission leadership recently decided to embark on a series of major efforts to improve the regional reach for ICC banking products and services. Dubai was chosen to be the premium regional location for MENA as Dubai is clearly established as the primary regional hub for the Middle East and a gateway to Africa for international trade, banking and finance.
The International Chamber of Commerce (ICC), in partnership with the Dubai Chamber of Commerce & Industry launched on 19th February 2013 at Dubai Chamber premises the ICC Regional Banking Commission Middle East and North Africa (MENA) – a chapter of ICC’s influential rule-making body for the banking industry.
The Regional Banking Commission on trade finance seeks to strengthen the Banking Commission’s reach at regional level with regional policy makers and associations including disseminating ICC Banking Commission policy content to regional industry leaders.
This new initiative also empowers Dubai Chamber to act as the host to the Regional Banking Commission for the MENA region.
This Dubai ‘model of excellence’ will act as a template for the other ICC Regional Banking Commissions, which will extend the global reach of the ICC Banking Commission, the largest and most active commission of the International Chamber of Commerce.
“The establishment of the ICC Regional Banking Commission MENA in Dubai is an important development for the Emirate’s banking sector and one that will help seal the city as the region’s leading banking and financial hub for the Middle East and North Africa. Our modern banking and financial sector can easily accommodate this office and offers the best environment for it to thrive, and one where it will have the biggest impact. Similarly, this unit is going to create new opportunities for the region within the ICC and help to further strengthen Dubai Chamber’s relationship with this important international organization. The private sector has an increasing role to play in policy advocacy within ICC, and the Regional Banking Commission MENA is an excellent place to start. It is going to provide us with the opportunity to shape and recommend policy that will drive growth and benefit the trade sector across the whole of MENA.” said Hamad Buamim, Director General of Dubai Chamber.
For more information about the ICC Regional Banking Commission, please contact:
Policy Manager, ICC Banking Commission
International Chamber of Commerce
38 Cours Albert 1er, 75008 Paris, France
Tel.: +33 1 49 53 28 28