Dubai Chambers sign MoU with Citi UAE to enhance competitiveness of business community

Dubai Chambers has recently signed a memorandum of understanding (MoU) with Citi UAE in order to increase coordination and cooperation to serve common goals, enhance the competitiveness of the business community and ease public-private partnerships that push sustainable economic growth.

Dubai Chambers has recently signed a memorandum of understanding (MoU) with Citi UAE in order to increase coordination and cooperation to serve common goals, enhance the competitiveness of the business community and ease public-private partnerships that push sustainable economic growth.

The President & CEO of Dubai Chambers, H.E. Hamad Buamim and, CEO of Citi UAE and Head of the Middle East and North Africa, Elissar Farah Antonios, signed the memorandum in the presence of representatives from both sides.

Advertisement

As per the terms of the strategic agreement, Dubai Chambers, as well as CitiUAE, will partner up on joint events and initiatives that will support to achieve common goals, lure companies to the United Arab Emirates and provide new banking services and products along with financial solutions to the private sector.

H.E. Buamim defined the agreement as an important development that would increase the standard of banking services and solutions that allow business growth, which would ultimately make a more facilitative and competitive business environment.

He highlighted that the partnership supports the strategy of the Dubai Chamber and is continuing to lure multinational companies to Dubai and assure a favourable business environment in the emirate while adding that banking is among the leading sectors that will entice the most foreign direct investment and are a major sector that will support the new economic vision of the emirates.

On her part, CEO of Citi UAE and MENA Cluster Head, Elissar Farah Antonios, stated that this strategic collaboration is an opportunity to further boost Dubai as an investment destination and a hub for international companies. It lies within the Citi’s commitment to United Arab Emirates’ transformation into a global economic powerhouse and our support of the attractiveness and forward-thinking vision of Dubai.

This opportunity will surely benefit Dubai as it will boost the city as an investment location.

Tariq Saeed

Read More

UAE Schools Gear Up for Back-to-School Season with Comprehensive Preparations

Following an almost two-month-long summer hiatus that began on July 8, schools are deploying various strategies to ensure a smooth and efficient transition for students, parents, and staff

Kuwait: Foreign school management prevents students from supporting Gaza

A foreign school in Kuwait ordered the students to remove the scarf and t-shirts with map of Palestine over it .

UAE: Once a ‘Second Home’ for Residents, Sharjah’s Iconic Safeer Mall Closes After 19 Years

The mall, located on Al Khan Road, closed its doors two months ago, with its blue signage and branding now removed from the building's facade. A call centre agent from Al Safeer Group of Companies confirmed the closure on Wednesday

Recent

UAE Central Bank Penalises Bank for Sharia Violations, Halts New Customer Onboarding for Six Months

The Central Bank stated that the violations relate to the Sharia Governance Framework, which mandates that Islamic financial institutions ensure their products and services comply with Islamic law

Dubai Court Sentences Man to Three Months in Prison for Heroin Possession

The Dubai Criminal Court also ordered the confiscation of the drugs and his deportation upon completing his sentence. The case unfolded after Dubai Police received a tip-off about the man's involvement in drug use and possession at his residence in Al Satwa

St Kitts and Nevis Govt dispels claims about Real Estate Investment Option in CBI Programme

Under the leadership of Prime Minister of St Kitts and Nevis – Dr Terrance Drew, several claims about the Real Estate Investment Option of the Citizenship by Investment Programme were addressed and busted by the government.
admin