What do treasurers in the Middle East have to look forward to this year? With the rapid pace of change in the Middle East, the ACT, as the only Chartered body for treasury, already has a busy calendar of events for treasurers in 2017: 04 May Webinar: The desert and the dragon The UAE is China’s most important non-oil trade partner among the GCC countries and their trading and investment relationship is accelerating rapidly, particularly against the backdrop of China’s One Belt One Road strategy. The treasurer’s role is becoming increasingly important in multinational organisations and this webinar will develop
The Autumn conference season for the ACT has been in full swing around our network from the UK to Hong Kong and today we opened in Dubai for our 8th year, this time billed as the ACT Middle East Annual Summit. Fashions in conference names seem to go in cycles from forums (should that be fora?), summits and exchanges, to roundtables, seminars and retreats all the way back to, well, conferences! I am sure there is research somewhere that tells us what delegates think of the name but in truth, it’s the experience that counts and today has been one
The second day of a two day conference rarely mirrors the first. Who will come back, who will come along for just the one day, will there be a different lunch?Most importantly have we got the timings spot on, the right mix of speakers and networking time? Will there be different cake at coffee time?!! (Yes, yes, more food!)
Well, that was a day!From opening bell to the closing clink of ice in a well deserved pre-prandial, more than 370 delegates, exhibitors and sponsors had a thoroughly engaging, entertaining and treasury rich day of debate, discussion and real economy learning.
Greetings from a very warm Dubai and the the 2014 ACTME Annual Conference!Always a pleasure to be here, gearing up for 2 days of the very best in corporate treasury learning, sharing and networking. We will be underway when this is uploaded so once you have finished reading me, please follow us on Twitter @actupdate #meac14!
I make no apologies for returning to an issue I have commented on before – both in these blogs and in the editorials of The Treasurer. The reaction to the announcement by Dubai World of a standstill in its financing arrangements has given rise to the usual mix of sensationalist and factually incorrect reporting in the UK press – whether in respect of Islamic finance, the legal relationship between the states of the UAE or, indeed, the impact on any or all Gulf region states. No doubt this is replicated across the Western media who often play fast and loose
Irrespective of the size of a company, its geographic location or its range of business, it needs to answer the following questions…
- what treasury activities does it have?
- who is responsible for them?
- what are the limits of their authority?
With the strong international commitment in our qualifications, as well as our events and publishing, we are particularly conscious of the rapid growth of the treasury profession in certain key markets and geographies. Two of those on which we are focusing are Asia and the Middle East, where we already have a number of members. In the case of the former we have an established position, through our strong links with the Hong Kong ACT (which started life as an ACT regional group) and through all our qualifications but especially the Certificate in International Cash Management (CertICM).