The Dubai Chamber of Commerce and Industry said it organized a workshop on trade credit management solutions, in cooperation with Coface and NGI, as part of its ongoing Business Beyond Borders Series that was launched earlier in the year.
“These workshops focus on management risk and maintaining good returns on your growing revenues, whether it is in the UAE market or beyond,” Omar Khan, director of international relations for the Dubai Chamber, said. “The workshops delve technically into trade credit insurance as well as highlighting opportunities in certain promising countries in Africa.”
Participants in the workshop learned about making informed credit decisions in order to determine credit worthiness of new trading partners. This knowledge will help the participating companies grow and expand into new markets.
“As every business expansion entails taking risks, companies have to be ready with strategies to mitigate these risks especially when making inroads into new markets,” Massimo Falcioni, Coface's CEO of Middle Eastern Countries, said. “To mitigate commercial risks, companies should be able to make accurate assessment of how potential trade partners would perform. We at Coface are constantly analyzing the financial stability of companies and growth in the emerging economies to present an efficient report to our valued partners and clients.”
The workshop was the second in the Business Beyond Borders Series.