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Finance , Credit and inter national Business (FCIB) conference in Dubai
By Finance , Credit and international Business (FCIB) conference
Mar 18, 2005, 23:15
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Finance , Credit and international Business (FCIB) conference in Dubai
The hosting of the First Finance , Credit and international Business (FCIB) conference in Dubai, is another milestone in the evolution for Dubai into the international trade and financial conferences its adapted in the last few years. It is an honour for the Dubai to be selected as the host of such significant event that attracts large number of international financial leaders. In fact Dubai has become the focus of several major financial institutions as the financial hub of the region.
Established in 1919,the FCIB, is an association of executives in finance, credit and international business that has maintained authority in global business credit for over 80 years. It prides itself with an international group of more than 800 members in 35 countries around the world.
The institution enjoys an international reputation as a business educator and premier provider of business credit intelligence to exporting firms — from small and midsize manufacturers to multinationals.
With the establishment of financial institutions like the Dubai International financial centre and the Dubai Financial Market, Dubai has become the home to an increasingly and sophisticated financial sector.
The large number of participants thronging the city from every part of the world is an evidence how this minute city has become the focus of the world.
In his inaugural speech, DCCI director-general Abdul Rahman .Al .Mutaiwee, said the Middle East share in world trade has increased from $369 billion in 1999 to approximately $500 billion in 2003 and that the GDP at current prices reached $677 billion in 2002 against $617 billion in 2001, thus registering a growth rate of 3.1 per cent for the whole Middle East.
The prominent figures attending the conference is another sign of how this place is attractive for business. The list included, Dr Hans Belcsak, president of the S.J. Rundt & Associates, USA, Ken Garrison, president and chief financing Operating Officer of FCIB and Ms Gene Smith, president and founder of Smith Brandon International.
Each of the above individuals made a presentation tackling specific issues as laid out by the FCIB agenda. The agenda of the conference featured issues on regional country risk analysis in today's global market, how to go about doing business in the Middle East and the role of trade finance in major business centres besides issues related to international credit.
It is evident that Dubai will continue to position itself as one of the major cities of the world in organising the conferences
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