Dubai Chamber of Commerce and Industry (Dubai Chambers) has signed Memoranda of Understanding (MoUs) with the London Chamber of Commerce and Industry, as well as HSBC Bank Middle East Limited and Standard Chartered.
The main purposes of the signed MoUs are:
- support the entry of local companies into global markets,
- expand opportunities for local and international companies in Dubai,
- attract foreign investment.
Under the terms of the Memoranda, HSBC and Standard Chartered will offer the following support:
- provide banking services, including commercial financing for international trade transactions;
- facilitate the opening of bank accounts for local and international companies through a global network.
In its turn, the Dubai Chamber of Commerce and Industry will support the banks' clients in their investment and business development activities in the Emirate.
The Memorandum signed with the London Chamber of Commerce and Industry aims at enhancing co-operation between the parties in the economy and investment fields. Also, co-operation related to the exchange of commercial and economi...