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Dubai hosts CreditAlliance regional meeting
Source: BI-ME , Author: BI-ME staff
Posted: Sat May 9, 2009 7:15 pm
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UAE. Dubai will host this year’s regional meeting of the General Organisation of CreditAlliance, a key global association that provides trade credit facilities to its members. CreditAlliance founded in 1992, is the world’s leading network and unites 80 members in 100 countries. The members all share  risk management expertise and seek to integrate  its  know-how to their own commercial offering.

The purpose of this meeting is to discuss the current challenges and developments in international trade, and the impact of these developments on the export markets.
 
Organised by the Export Credit Insurance Company of the Emirates (ECIE) and the General Organisation of CreditAlliance, the annual regional meeting will be held on 11th and 12th May, 2009. Current changes in the global markets’ credit risk profiles will also be discussed in the meeting.
 
In the presence of top executives from General Organisation of CreditAlliance member countries across Africa and the Middle East, the meeting sessions will aim to tackle the major credit risk issues considering the current global credit crunch, and the economic and political changes around the world. Strategies and best practices in trade risk management, debt collection and evaluating market risks will also be discussed at this year’s meeting.
 
"ECIE became a registered member of the General Organisation of CreditAlliance during the Alliance’s meeting last year, and we are delighted to host the event for the first time in the UAE," said Saed Al Awadi, Chief Executive Officer, ECIE.
 
"General Organisation of CreditAlliance is considered as one of the key global associations that provide trade credit facilities to its members that include offering credit insurance and credit management services. In light of the current financial crisis, the role of such an organisation is increased as a support for different economies to enhance and widen their foreign trade," Al Awadi added.
 
ECIE was established primarily to help companies increase their export business by providing them with trade credit protection, which will let them better manage their commercial and political risks, and thereby safeguard their balance sheets and increase profitability. Insured companies are in an ideal position to target new export markets or sell to new buyers, and in turn contribute to the UAE’s GDP growth.
 
David Venediger, Managing Director of Coface Emirates Service, commented: “We are glad to co-organiSe such an event. CreditAlliance gathers now 15 partners in the Africa-Middle East region, which constitutes the most dynamic area within the association."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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UAE. Location and quality are driving apartment prices; while average prices decreased, select communities, including Palm Jumeirah and Downtown Burj Dubai, experienced slight increases according to Landmark Advisory's latest quarterly report.