(MENAFN - Emirates News Agency (WAM)) Emirates Traders Association in the Financial Markets hosted on Friday a business dinner attended by the managers of treasury in the national and foreign banks to strengthen the relationship between the most important departments of banking and members of the Association.
The move aims to support the interest of the national economy locally and globally.
The event drew 55 treasury managers and finance experts in the UAE, as well as members of the Association, among many others, Mohammed Al Hashimi, Chairman, Salman Mahmoud Hadi, secretary general and Ahoud Obaid, finance director of the Association.
Al Hashimi told Emirates News Agency (WAM) in an interview that the holding of the meeting is the first of its kind in the UAE, noting that the Association aims to bolster the relations among the treasury managers to motivate the banks to enter into joint businesses to support the local corporations and manage national sukuks instead of depending on other international banks abroad.
He said the move would enhance the transactions, and therefore increase cash volume that will remain inside the country, as well as, recycle of local currency many times in a way that increase capitals of the banks and strengthen the UAE economy.
Al Hashimi urged Emirati traders and bank employees to embrace the profession of treasury manager, one of the most important technical banking jobs.
For his part, Hadi said that the audience discussed a number of issues on a number of issues such as management of treasury liquidity, effective policies in management of cash, financing strategy, investment, technical solutions for treasury management and risk management strategy.