National Bank of Fujairah Cements Trade Finance Leadership at the ICC UAE Annual Trade Conference January 2020

National Bank of Fujairah (NBF) PJSC, announced today its participation at the ICC UAE Annual Trade Conference January 2020 as the diamond sponsor. The event is taking place from 20-21st January, at the Four Seasons Resort, Jumeirah, Dubai, UAE, and is welcoming stakeholders from banking institutions, insurers, fintech firms and corporates.

The partnership between the ICC UAE chapter and NBF dates back to 2012, when the bank first supported the event, highlighting its importance for both the commercial and banking sectors in the economy. Giving the keynote speech at the opening of the conference, Vince Cook, NBF’s CEO, mentioned that as trade finance continues to undergo a transformational journey towards digitsation and innovation, NBF is committed to deploy new technologies such as blockchain in the trade finance ecosystem to better serve its corporate clients’ ever-changing needs.

This year, industry leaders joined forces to discuss prevalent areas that were detrimental to the growth of the trade finance sector such as digitisation of trade finance, the future and opportunities of Islamic Finance, how Expo 2020 will fuel business opportunities and trade sanctions among others. Rehan Ali, Head - Business Banking at NBF was also part of the panel discussions on Challenges and Opportunities of the SME's.

This platform has brought together leading industry experts to assess the current climate in an effort to navigate through the existing challenges while reaping the opportunities that lie ahead. This year looks quite promising with investment and exports being the key growth drivers as well as Expo 2020 fueling the economy and attracting business growth. The bank’s year-on-year participation at this reputable conference reflects its commitment to nurture the growth-journey of this thriving sector.