Tag Archives: financial institutions
Biz Guardâ€™s bid to introduce new credit risks mitigation concepts for banks and financial institutions in UAE
History of events of credit defaults by entities from the trading sector has generally been a discouraging factor for the financial sector to engage in financing, which is a sheer opportunity loss for both the sectors as the trading sector contributes to a fairly large part of the countryâ€™s GDP. Envisioning the expected positive impact of Expo 2020 in future will further bring promising opportunities of business growth for all players in the country and as well as in the Middle East region. Such growth entails the need to facilitate the building of better financing environment for benefits of both the financial and trading sectors.
In 2007-08, the globe witnessed an inevitable financial crisis which is widely known as â€˜The Great Recessionâ€™ and in terms of impact; the International Monetary Fund (IMF) has termed it the worst after World War II.