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Noor Bank Facilitates Trade Finance Dialogue Among Stakeholders In MENA Region
(19 February 2015)

 

Noor Bank participated as a sponsor during the GTR MENA Trade Finance week, held in Dubai from February 16 - 18. The event, which completed its 12th year, brought together various participants from the government, leading global businesses and financial institutions from across the trade finance sector. Noor Bank also had an exhibition stand at the event, which hosted over 500 delegates.

Speaking about the event, Kazim Ali, Head of Corporate Banking, Noor Bank said, “The GTR MENA Trade Finance Week is an exceptional platform which brings together diverse stakeholders from across the supply chain and trade finance industry.

“Noor Bank is proud to have supported an event that shares significant knowledge and highlights the key challenges and opportunities faced in the trade finance sector. The conference is a fantastic opportunity for networking, and we are pleased to have met various key corporate and financial players in the region.”

Noor Bank provides trade finance and cash management services to its corporate and government clients. Noor Trade, a division of Noor Bank, which caters to emerging corporates and small and medium enterprises, offers trade finance products and structured solutions that cater to the export, import and short term financing needs of their clients. 

As part of the GTR MENA Trade Finance Week 2015, Mr. Ali participated in a roundtable that took stock of the challenges faced by trade finance in MENA.

The discussion focused on how conflicts in the region have affected access to and the provision of trade finance, incidents of trade finance fraud and how banks have come together to share information among themselves aimed at preventing fraud. The trade financing pricing outlook in MENA for 2015 and impact of Expo 2020 on Dubai trade were also highlighted. 

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