The ICC Banking Commission, the rule-making body for the world’s banking industry has, through its regional representatives, announced a partnership with Global Trade Development Week (GTDW). ICC RBC MENA, which is supported by the Dubai Chamber of Commerce and Industry, will be a leading participator in GTDW, the leading global trade facilitation event.
H.E. Hamad Buamim, president and CEO, Dubai Chamber, said, “The ICC RBC MENA is helping to increase cooperation and developments across the region’s finance sector. Its scope covers 19 countries, with Dubai firmly positioned as MENA’s business hub and gateway to Africa for international trade, banking and finance.
“Since its establishment, the ICC RBC MENA has grown to include more than 100 experts in trade finance and it has organised several leading events for the banking profession. Dubai Chamber’s role is to provide regional coordination and the promotion and organisation of events, and we are delighted to be participating in GTDW this year and look forward to the networking opportunities and professional insight this conference will bring.”
Explaining the importance of the partnership, Andrew Keable co-CEO of KW Group, the organisers of GTDW said, “The ICC is the most influential rule-making body for the banking industry.”
The ICC Banking Commission — the largest commission of the ICC, the world business organisation — produces universally accepted rules and guidelines for international banking practice. ICC rules on documentary credits are said to be the most successful privately drafted rules for trade ever developed, serving as the basis of $2 trillion worth of transactions a year.