16/01/2023
The UAQ Chamber of Commerce and Industry announced the signing of a Memorandum of Understanding (MOU) with The National Bank of Umm Al Quwain (NBQ) joint cooperation in local entrepreneurship for the economic development of the Emirate of Umm Al Quwain.
The MoU was signed at the Chamber’s headquarters in Umm Al Quwain, by His Excellency Amar Rashid Al Aleeli, Director-General of UAQ Chamber of Commerce and Industry and Mr. Adnan Al Awadhi, CEO of NBQ .
During the signing ceremony, Mr. Adnan Al Awadhi expressed his pride in the collaboration between NBQ and the UAQ Chamber of Commerce and Industry, which reflects the future vision of the Emirate of Umm Al Quwain in providing a stimulating work environment and suitable solutions for business growth and development. Emphasizing NBQ’s continuous keenness to provide the best leading banking products and services for companies and individuals, Adnan Al-Awadhi said: “The agreement provides a distinguished package of services for corporate and individual banking for the Chamber’s clients, whether for opening commercial accounts or financing SME projects. UAE nationals can avail of working capital, invoice discounting and clean facilities/financing, among other benefits that are specially designed for Chamber clients, in accordance with the MOU.
His Excellency Amar Rashid Al Aleeli, Director-General of UAQ Chamber of Commerce and Industry, said the agreement with NBQ is a progressive step towards supporting the business community and providing various banking solutions for its growth and development. “The MoU reflects the forward-looking vision and approach of the UAQ Chamber of Commerce and Industry, which focuses on attracting and developing business, providing pioneering services, applying international best practices in customer service, and facilitating banking transactions. This agreement plays an important role in promoting and facilitating business for SMEs and meeting the banking needs of individuals,” said HE. Amar Rashid Al Aleeli.