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UAE and Côte d'Ivoire to boost bilateral economic cooperation
UAE and Côte d'Ivoire to boost bilateral economic cooperation

Gulf Today

time27-05-2025

  • Business
  • Gulf Today

UAE and Côte d'Ivoire to boost bilateral economic cooperation

Organised by the Ministry of Foreign Affairs (MoFA), in coordination with the Federation of UAE Chambers of Commerce and Industry (FCCI), a high-level economic delegation from the United Arab Emirates, led by Humaid Mohamed Ben Salem, Secretary-General of the FCCI, conducted a visit to the capital of Côte d'Ivoire, Abidjan. During the visit, he and the accompanying delegation held meetings with several senior officials, including ministers at the government of the Republic of Côte d'Ivoire. Discussions focused on strengthening bilateral relations between the UAE and Côte d'Ivoire, with particular emphasis on advancing economic and trade cooperation. The two sides explored investment opportunities across a range of sectors including tourism, renewable energy, and banking and financial services. The visit culminated in the signing of a Memorandum of Understanding (MoU) to establish a joint business council between the UAE and Côte d'Ivoire. The MoU was signed by Humaid Mohamed ben Salem, Secretary-General of the FCCI, and Faman Touré, President of the Côte d'Ivoire Chamber of Commerce and Industry. The UAE economic delegation included officials from the Ministry of Foreign Affairs, Ali Yousef Al Nuaimi, UAE Ambassador to Côte d'Ivoire, as well as representatives from the FCCI, EDGE Group, Presight, AMEA Power, Infinity Power, Arabian Falcon, Space42, First Abu Dhabi Bank, and Adnoc. Meanwhile in February the Sharjah Chamber of Commerce and Industry (SCCI) received a high-level diplomatic delegation from Côte d'Ivoire to discuss ways to strengthen bilateral economic and trade relations. The discussions focused on exploring areas of joint action, facilitating reciprocal visits by businessmen and trade delegations from both sides, and promoting high-potential sectors to private enterprises. The meeting also emphasised creating a more integrated framework for investment opportunities and business partnerships between the two countries. The meeting took place at SCCI's headquarters, where Abdallah Sultan Al Owais, Chairman of SCCI, welcomed Vacaba Diaby, Ambassador of the Republic of Côte d'Ivoire to the UAE. During the meeting, both sides outlined the outcomes of the Sharjah-Côte d'Ivoire Business Forum recently hosted by the Sharjah Chamber. The discussions also highlighted the significance of the Memorandum of Understanding between the Sharjah Chamber and the Côte d'Ivoire Chamber of Commerce in strengthening trade relations and boosting investments between the business communities of both countries. The MoU also emphasises coordinated efforts in participating in trade shows, conferences, and forums hosted by both countries to maximise investment promotion prospects. Abdallah Sultan Al Owais noted that the meeting provides a valuable opportunity for both sides to develop strategic action plans and explore future opportunities to strengthen ties of cooperation and collaboration between Sharjah and Côte d'Ivoire. Recognised as a key economic player in West Africa, Côte d'Ivoire boasts a strategic geographic location, a thriving investment environment, well-developed infrastructure, and sustained economic growth. Al Owais highlighted the investment opportunities and competitive advantages that Sharjah offers, positioning it as an attractive destination for investors and foreign capital. With its business-friendly ecosystem and investor-centric policies, the emirate offers an optimal environment for fostering sustainable economic growth and seamless business operations. For their part, the Côte d'Ivoire delegation praised the robust ties between the two nations, emphasising their commitment to strengthening economic relations and enhancing trade exchange with Sharjah. They also extended their gratitude to the Sharjah Chamber for its proactive role in facilitating business partnerships and its commitment to fostering closer collaboration with entrepreneurs and business leaders in Côte d'Ivoire. Earlier the Ministry of Foreign Affairs (MoFA), in collaboration with the Federation of UAE Chambers of Commerce and Industry, organised a visit for a high-level UAE economic delegation to Port Louis, the capital of the Republic of Mauritius. The delegation was led by Humaid Mohamed Ben Salem, Secretary-General of the Federation. During the visit, he met with Dr. Navinchandra Ramgoolam, Prime Minister of Mauritius, and several ministers. The meeting focused on enhancing bilateral relations between the UAE and Mauritius, with particular emphasis on strengthening economic and trade cooperation and exploring investment opportunities in key sectors such as artificial intelligence, aviation, agriculture, exports, energy, and infrastructure. The economic delegation included representatives from MoFA, the Ministry of Economy, Abu Dhabi National Oil Company (ADNOC), and Etihad Airways.

Consistent policies needed for economic stability: FCCI chief
Consistent policies needed for economic stability: FCCI chief

Business Recorder

time26-05-2025

  • Business
  • Business Recorder

Consistent policies needed for economic stability: FCCI chief

FAISALABAD: Long term policies are prerequisite to achieve sustained economic stability and, in this connection, the business leaders across the country must adopt a unified stand, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). Addressing All Pakistan Chambers Presidents Conference 2025 organised by the RCCI, he said that Pakistan was making steady progress in the 1960s but later on decline started due to multiple reasons including inconsistent policies and international and domestic meltdown. He said that once again serious efforts were made for the revival of the economy which were sabotaged and failed to give the required results. He appreciated the economic vision of Prime Minister Shehbaz Sharif and said that he has not only saved Pakistan from bankruptcy but also put it back on the path of revival. 'However, positive, practical and long term policies are required to consolidate these achievements on a sustained basis,' he said and added that consultation with genuine stakeholders is a must in policy formulation. About the problems confronted by the business community, he expressed concern over the recently amended tax laws and demanded its immediate review. He said that exports are the lifeline of Pakistan and we must satisfy exporters by restoring the Final Tax Regime (FTR). He also stressed the need to bring down the policy rate to single digit in addition to providing electricity to the industrial sector at 9 cent per unit. 'It would help our exportable surplus to compete in the international markets,' he added. About the SME sector, he termed it as an economic growth engine but added that this financially starved sector was facing multiple issues. He said that the SME sector must be facilitated with concessional loans to unlock their immediate growth potential. 'Similarly, the limit of the SME sector should also be enhanced from 80 crore to Rs 2 billion, he said and demanded that the SME sector may also be allowed to import used machinery through concessional loans. President FCCI said that the tax net should be broadened in connection with the documentation of the economy. He acknowledged the importance of women entrepreneurs and said that the government should also take special measures to encourage them by providing them concessional loans. Later President FCCI Rehan Naseem Bharara signed two separate MoUs with Movenpick Hotel Centaurus Islamabad and Wah Nobel Group. Under the MoUs, these institutions would provide services to FCCI members at subsidized rates. Copyright Business Recorder, 2025

FCCI Insurance Group Honored with Duck Creek Standard of Excellence Customer Award at Formation '25
FCCI Insurance Group Honored with Duck Creek Standard of Excellence Customer Award at Formation '25

Hamilton Spectator

time21-05-2025

  • Business
  • Hamilton Spectator

FCCI Insurance Group Honored with Duck Creek Standard of Excellence Customer Award at Formation '25

BOSTON, May 21, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has named FCCI Insurance Group (FCCI) a recipient of its 2025 Standard of Excellence Customer Award winner at Formation '25 , its flagship customer conference held this week in Orlando, Florida. The Duck Creek Standard of Excellence Customer Award recognizes customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions to transform their business and shape the future of insurance. FCCI was recognized for its successful launch of Excess & Surplus (E&S) offerings using a suite of Duck Creek's solutions, including Policy, OnDemand, Data Insights/Clarity, Distribution Management, and Digital Engagement Producer. FCCI is a commercial property and casualty insurance company that serves mid-sized businesses across various industries, including agribusiness, construction, healthcare, hospitality, retail, and manufacturing. Their product offerings include workers' compensation, property, and general liability insurance. Originally founded in 1959 in Sarasota, Florida, FCCI has grown into a super-regional provider, delivering standard lines commercial insurance services in 19 states, with Surety and Specialty operating in an expanded state footprint. The company emphasizes its network of more than 550 contracted agencies and more than 3,800 independent agents. FCCI's recent expansion into E&S lines focused on enhancing digital capabilities, streamlining operations, and speed to market for new offerings. By implementing Duck Creek's Policy Administration System and Active Delivery model, FCCI achieved straight-through processing, automated intake, and seamless integration. Regulatory compliance was strengthened while a modern self-service portal provided agents with real-time capabilities. 'Our goal was to reimagine how we serve the commercial insurance market, particularly within E&S lines, and Duck Creek helped us do just that,' said Dave Patel, EVP & Chief Information Officer at FCCI Insurance Group. 'This award is a testament to the innovation, collaboration, and determination of everyone involved in bringing this vision to life.' Despite the complexities of E&S markets and a tight implementation timeline, FCCI collaborated closely with Duck Creek, Cognizant, and other partners to design, test, and deploy a future-ready solution and ensure quality delivery of production environments. Following a successful implementation, the launch of FCCI Specialty exceeded initial projections for both premium and policy count, resulting in excitement and positive feedback from FCCI's trusted agency partners. 'From enhanced agent experiences to agile regulatory adaptation, FCCI's story is a powerful example of what's possible through technology, teamwork, and forward-thinking leadership,' said Chris McCloskey, Chief Operating Officer of Duck Creek Technologies. 'Their success reflects not only the power of our platform, but also the dedication of their team and partners in transforming complex business requirements into real, measurable outcomes.' About Duck Creek Technologies Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite , and all are available via Duck Creek OnDemand . Visit to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X . Media Contacts: Marianne Dempsey/Tara Stred duckcreek@ About FCCI Insurance Group – Founded in 1959 in Sarasota, Florida, FCCI Insurance Group provides commercial property and casualty insurance, risk control services, and surety bonds. FCCI writes business exclusively through more than 3,800 independent agents in 20 states, plus Washington, D.C. Coverages include auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers' compensation. Contract and commercial surety bonds are written in 45 states. FCCI insures over 12,000 policyholders across various industries, including agribusiness, construction, manufacturing, medical and professional, restaurants and hospitality, retail, service and repair, and wholesale and distribution. FCCI has $3.3 billion in assets, $1.2 billion in direct written premium, and is rated A (Excellent) by A.M. Best Company. FCCI has regional and branch offices in Florida, Georgia, Indiana, Mississippi, Texas, and Virginia.

FCCI President meets Chief Manager SBP Faisalabad
FCCI President meets Chief Manager SBP Faisalabad

Business Recorder

time21-05-2025

  • Business
  • Business Recorder

FCCI President meets Chief Manager SBP Faisalabad

FAISALABAD: Exponential growth is expected from next year due to the viable economic policies and State Bank of Pakistan (SBP) must educate business community about its concessional schemes to fulfill financing needs of the business community, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). In a meeting with Chief Manager SBP Faisalabad Waqas Kashif Bajwa, he said that SBP has introduced subsidized loans for the SME sector but they are not allowed to import old machinery under this scheme. He said that SME has limited financial resources and could not purchase new Air Jet or Sulzer power looms as a dollar has escalated from Rs. 80 to 281. He said that machinery abandoned after two or three years in developed countries could be reused in Pakistan for decades ensuring improved quality and production. He requested the Chief Manager to launch a comprehensive awareness campaign to inform businessmen about the benefits of the concessional schemes launched by SBP. He said that the definition of the SME sector could also be proportionately increased while the limit of Rs. 5million may be increased up to 10 million for female entrepreneurs. Waqas Kashif Bajwa said that SBP was regularly organizing awareness sessions about its various concessional schemes but it could not give the desired results. He assured to launch awareness sessions afresh in collaboration with FCCI to motivate the concerned stakeholders to avail this facility. Later President Rehan Naseem Bharara presented a special gift to Chief Manager SBP Faisalabad while he was also decorated with a pen to mark the 50 Years Golden Jubilee Celebrations of FCCI. Madam Qurat Ul Ain Deputy Chief Manager SBP, Senior Vice President FCCI Qaisar Shams Gucha and executive members Muhammad Ali and Waheed Khaliq Ramay were also present during this meeting. Copyright Business Recorder, 2025

Minister visits FCCI: ‘Serious efforts are being made to resolve issues facing industries'
Minister visits FCCI: ‘Serious efforts are being made to resolve issues facing industries'

Business Recorder

time19-05-2025

  • Business
  • Business Recorder

Minister visits FCCI: ‘Serious efforts are being made to resolve issues facing industries'

FAISALABAD: Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, while visiting the Faisalabad Chamber of Commerce and Industry, said that the government attaches great importance to Faisalabad and serious efforts are being made to resolve the problems faced by the industries of this city. He said that after the success of Operation Bunyan-un-Marsoos, a new industrial policy will be announced very soon to include Pakistan among the world's 20 largest economies. Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI) said that after the success of Operation Bunyan-un-Marsoos, it has become imperative that we also build the economy on a stable and sustainable basis. He paid tribute to the leadership of Prime Minister Shehbaz Sharif, Chairman Joint Chiefs of Staff Committee General Sahir Shamshad Mirza, Chief of Army Staff General Asim Munir, Chief of Naval Staff Admiral Naveed Ashraf, and Chief of the Pakistan Air Force Air Chief Marshal Zaheer Babar Sidhu for the brilliant victory in the fight for justice. He also mentioned the problems faced by the industrial sector and said that the government should create maximum ease of doing business. He also called for the establishment of a passport office in the Faisalabad Chamber for the convenience of members and demanded that the Pindi Bhattian Faisalabad Motorway be made 6-lane. He said that according to the 1934 Act, only petroleum goods come under the definition of DPL, so this provision should not be applied to imported chemicals. He stressed the need to create convenience for traders and reform the taxation system and said that one IT University should be established in Faisalabad as announced by Prime Minister Shehbaz Sharif. Copyright Business Recorder, 2025

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