Dubai Chambers, HSBC to support rexpansion of firms locally, globally

DUBAI: Dubai Chambers has signed a Memorandum of Understanding (MoU) with HSBC Bank Middle East Limited to support the expansion of local companies into global markets and enhance the ability of international companies to establish and grow their businesses in Dubai.

Under the terms of the MoU, the two parties will collaborate to explore banking services for international companies establishing their operations in Dubai with the support of Dubai Chambers, as well as general services for Dubai’s business community.

The agreement is designed to advance the growth of local and international companies operating in Dubai and support their expansion at the local, regional, and global levels.

HSBC will provide services including global trade finance and local account opening.

Meanwhile, Dubai Chambers will support HSBC’s global clients who are interested in investing in Dubai and growing their businesses from the emirate.

The MoU was signed as part of the Global Partnerships Programme, an initiative launched to accelerate Dubai Chambers’ business expansion and attraction efforts through collaborations with world-class service providers across eight trade categories.

The Global Partnership Programme supports the objectives of the ‘Dubai Global’ initiative, which seeks to attract foreign direct investments (FDI) to the emirate and support Dubai-based companies in exploring new business opportunities.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated, “Dubai Chambers is committed to supporting local companies in expanding into promising international markets and helping businesses grow their operations. This collaboration will contribute to enhancing our efforts to accelerate the growth of companies across diverse sectors and attract global investments to Dubai.”

Stephen Moss, Chief Executive Officer, HSBC Middle East, North Africa and Türkiye, commented, “Dubai has grown to become one of the world’s busiest business and wealth hubs and the power of its international connectivity is reflected in the increasing trade activity across traditional and emerging trade corridors, in particular with Asia. Combining HSBC’s global reach with Dubai Chambers’ local expertise will further accelerate the growth of companies entering in and growing from Dubai.”

Meanwhile earlier Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.

Under the terms of the MoU, both parties will cooperate to provide access to integrated banking services for international companies establishing their operations in Dubai with the support of Dubai Chambers, as well as for the local private sector. The agreement will enhance the competitiveness of businesses in the emirate and help facilitate their growth and expansion across local and international markets. As part of the agreement, Standard Chartered will offer trade finance services to UAE businesses seeking to expand internationally.

The Bank will leverage its global network to guide Dubai-based businesses in setting up accounts and provide similar support to multinational companies looking establish bank accounts in Dubai. Dubai Chambers will support Standard Chartered’s clients worldwide who are interested in establishing a presence in Dubai and expanding their operations from the emirate.

The agreement was signed as part of the Global Partnerships Programme, an initiative launched to accelerate Dubai Chambers’ business expansion and attraction efforts through collaborations with world-class service providers across eight trade categories.

The Global Partnership Programme supports the objectives of the ‘Dubai Global’ initiative, which seeks to attract foreign direct investments (FDI) to the emirate and support Dubai-based companies in exploring new business opportunities.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “This agreement aligns with our ongoing efforts to consolidate Dubai’s pivotal role in the global financial and business landscape. We remain committed to empowering both local and international companies to thrive in Dubai and expand into promising global markets, while simultaneously attracting foreign investments to the emirate.”

Dubai: Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.

Under the terms of the MoU, both parties will cooperate to provide access to integrated banking services for international companies establishing their operations in Dubai with the support of Dubai Chambers, as well as for the local private sector.

The agreement will enhance the competitiveness of businesses in the emirate and help facilitate their growth and expansion across local and international markets.

As part of the agreement, Standard Chartered will offer trade finance services to UAE businesses seeking to expand internationally.

The Bank will leverage its global network to guide Dubai-based businesses in setting up accounts and provide similar support to multinational companies looking establish bank accounts in Dubai. Dubai Chambers will support Standard Chartered’s clients worldwide who are interested in establishing a presence in Dubai and expanding their operations from the emirate.

The agreement was signed as part of the Global Partnerships Programme, an initiative launched to accelerate Dubai Chambers’ business expansion and attraction efforts through collaborations with world-class service providers across eight trade categories.

The Global Partnership Programme supports the objectives of the ‘Dubai Global’ initiative, which seeks to attract foreign direct investments (FDI) to the emirate and support Dubai-based companies in exploring new business opportunities.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “This agreement aligns with our ongoing efforts to consolidate Dubai’s pivotal role in the global financial and business landscape. We remain committed to empowering both local and international companies to thrive in Dubai and expand into promising global markets, while simultaneously attracting foreign investments to the emirate.”

Dubai Chambers has also successfully hosted the Service Excellence Seminar to empower private sector companies to enhance customer experience. The event explored future trends and encouraged the adoption of global best practices to keep pace with the latest developments in service quality standards across all business sectors.

The seminar, attended by around 200 participants, came as part of the Service Excellence Programme launched by Dubai Chambers last year to promote a culture of exceptional customer service. The programme is designed to enrich customer experiences, improve practices within the private sector, and elevate customer service performance.

Held over two days at Dubai Chambers’ headquarters, the seminar featured a packed agenda of panel discussions and interactive workshops.

The sessions provided companies with a unique opportunity to gain valuable insights from local and international experts in excellence and learn more about the latest innovations and practical models for developing integrated customer experiences.