UAE/TURKISH BUSINESS RELATIONS

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• MoU between Dubai Chamber and Emcredit

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  Dr. Nilgün Birgören    Premium Member   Group moderator

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  MoU between Dubai Chamber and Emcredit

  In a move to support the business community, Emcredit, the UAE's first government-backed credit bureau, and the Dubai Chamber of Commerce and Industry have announced the signing of a Memorandum of Understanding (MoU).
  
  Under the terms of the agreement, the Dubai Chamber and Emcredit will cooperate to raise awareness of the role of credit information and facilitate trade credit between businesses.
  
  This will allow businesses to enhance their credit risk management processes and sustain business growth in a prosperous trading environment.
  
  Furthermore, Emcredit and the Dubai Chamber will organise a series of conferences and round-table discussions to promote credit information sharing among businesses.
  
  As a specialised credit information company, Emcredit provides the commercial sector with a platform to share credit experiences and payment performance information on their customers in a secure environment.
  
  Globally, SMEs account for 99 per cent of the business sector and contribute to 50 per cent of the world's GDP.
  
  "In the UAE, SMEs account for 80 per cent of the country's GDP," said Hamad Bu Amim, Director General of the Dubai Chamber. "This dominance of the SME sector both in terms of the number of firms as well as its contribution to GDP highlights the importance of this sector to the success of the UAE economy."
  
  "Our partnership with Emcredit is yet another part of our efforts to support and protect the interests of the business community in Dubai by creating a favourable business environment and helping them to manage risks more effectively by promoting transparency among businesses," Bu Amim said.
  
  • 15 Nov 2009, 7:31 pm
  Dr. Nilgün Birgören wrote: > In a move to support the business community, Emcredit, the UAE's > first government-backed credit bureau, and the Dubai Chamber of > Commerce and Industry have announced the signing of a Memorandum of > Understanding (MoU). > > Under the terms of the agreement, the Dubai Chamber and Emcredit will > cooperate to raise awareness of the role of credit information and > facilitate trade credit between businesses. > > This will allow businesses to enhance their credit risk management > processes and sustain business growth in a prosperous trading > environment. > > Furthermore, Emcredit and the Dubai Chamber will organise a series of > conferences and round-table discussions to promote credit information > sharing among businesses. > > As a specialised credit information company, Emcredit provides the > commercial sector with a platform to share credit experiences and > payment performance information on their customers in a secure > environment. > > Globally, SMEs account for 99 per cent of the business sector and > contribute to 50 per cent of the world's GDP. > > "In the UAE, SMEs account for 80 per cent of the country's GDP," said > Hamad Bu Amim, Director General of the Dubai Chamber. "This dominance > of the SME sector both in terms of the number of firms as well as its > contribution to GDP highlights the importance of this sector to the > success of the UAE economy." > > "Our partnership with Emcredit is yet another part of our efforts to > support and protect the interests of the business community in Dubai > by creating a favourable business environment and helping them to > manage risks more effectively by promoting transparency among > businesses," Bu Amim said.