Association of Corporate Treasurers Middle East Conference will guide treasury and finance professionals through opportunities
and challenges of operating in today’s economic reality
Dubai, UAE:
The Association of Corporate Treasurers (ACT), the leading body for treasury and finance professionals will hold its 4th
Middle East
Annual Conference on 26th and 27th November 2013
at the Ritz Carlton, DIFC in Dubai. The region’s primary gathering for
the treasury community will bring together over 400 delegates
including both experienced professionals and current treasury students
to share knowledge through best practice presentations and interactive
workshops.
The
conference will focus on the key issues for treasury and finance
professionals in the GCC; from the importance
of the treasury function in helping organisations embrace economic
growth post-downturn, to the meteoric rise of the Islamic Economy and
the vital role treasury can play in capitalizing on the potential of
this opportunity.
Research
has found that global Islamic Banking assets reached $1.1 trillion in
2012 compared to $826 billion
in 2010. In the Gulf region alone, Islamic Banking assets are expected
to grow to $990 billion by 2015 from $416 billion in 2010. In October,
Dubai announced its strategy to become the global capital of the Islamic
economy and as such, the attention of many
finance professionals has turned away from conventional finance towards
Islamic options. Discussions at the ACT Middle East Annual Conference
will complement the ‘seven pillars’ identified as integral to
establishing the Emirate as the centre of the Islamic
economy, for example; the importance of establishing economy standards
and ongoing education to facilitate growth.
Matthew Hurn, ACT Middle East Chairman and Executive Director, Group Treasury for Mubadala Development company
said: “The ACT is committed to the development and sharing of treasury,
risk and corporate finance knowledge and expertise across the region.
The phenomenal surge of activity within the Islamic economy presents
organisations in the Middle East with a major
opportunity to grow simultaneously. Therefore, it is vital that our
treasury professionals continue to hone their knowledge of all aspects
of the financial world so they may provide their companies with valuable
advice.
“As
Chairman of ACT Middle East, I look forward to welcoming delegates to
the 2013 Annual Conference. It has become a key event for
our industry and a chance for those in the treasury profession to
collaborate and learn from each other’s experiences for the benefit of
the organisations we represent.”
