Dubai hosts CreditAlliance Regional Meeting - Two-day event organised by Coface and ECIE.Summary: Dubai Dubai (d  bī`), sheikhdom (1995 pop. 674,101), c.1,500 sq mi (3,890 sq km), part of the federation of seven United Arab Emirates, SE Arabia, on the Persian Gulf. will host this year's regional meeting of the
General Organisation of CreditAlliance, a key global association that
provides trade credit facilities credit facilities npl → facilidades fpl de créditocredit facilities npl → facilités fpl de paiement 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 know-how n. The knowledge and skill required to do something correctly. See Synonyms at art1. know-how Noun Informal the ability to do something that is difficult or technical to their own commercial offering. 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 ECIE Executive Council on Integrity and Efficiency ECIE Enterasys Certified Internetworking Engineer ECIE Electronic Communication and Information Exchange ECIE Electric Components and Instruments Europe ECIE East Coast IFR Experience ) 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 Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. , 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 (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. ", said Eng. 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 wid·en tr. & intr.v. wid·ened, wid·en·ing, wid·ens To make or become wide or wider. wid  en·er n. 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 GDP (guanosine diphosphate): see guanine. growth. David Venediger, MD of Coface Emirates Service, comments:"We are glad to co-organize such an event. CreditAlliance gathers now 15 partners in the Africa -- Middle East region, which constitutes the most dynamic area within the association. About CofaceCoface's mission is to facilitate global business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. trade by offering its 130,000 customers four business lines to fully or partly outsource trade relationship management and to finance and protect their receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed : Trade Receivables Protection, Trade Receivables Financing, Ratings and Business Information and Trade Receivables Management. Thanks to the worldwide local service delivered by 7,000 staff in 65 countries, over 45% of the world's 500 largest corporate groups are already customers of Coface. Coface is a subsidiary of Natixis Natixis is a French bank created in late 2006 by two French cooperative banking groups: Groupe Banque Populaire and Groupe Caisse d'Epargne. They combined into one single entity their Corporate Banking services: Caisse d'Epargne's IXIS Corporate and Investment Bank and Banque whose share capital (Tier 1) was 13.4 billion euros end December 2008. Please visit www.coface.com About ECIEThe Export Credit Insurance Company of the Emirates (ECIE) is wholly owned by the Dubai Government, and was set up primarily to help companies increase their export business by providing them with trade credit protection. ECIE offers short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. trade credit insurance policies to companies based in the UAE which are engaged in manufacturing, value-added trading and, the export of services. Insurance policies tailored by ECIE cover a Seller against the risk of non-payment by its Customers. Please visit www.ecie.ae 2009 Al Bawaba (www.albawaba.com) 2009 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
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