Key finding from the thought-leadership forum talkingtreasury - Dubai.

Treasurers concentrate on risk
Key finding from the thought-leadership forum talkingtreasury - Dubai.

ACT Middle East

21 January 2009

The first talkingtreasury event for ACT Middle East took place on Monday 19 January 2009 at the Madinat Jumeirah in Dubai.

Over 100 finance and treasury professionals from Government of Dubai, ADIC, Agility, DP World, Dubai World, Halliburton, Inchcape Shipping, Majid Al Futtaim, Mubadala Development Company, Emirates NBD and HSBC discussed the role of the treasurer, cash management, implementing best practice in risk management and treasury management, security and controls. The first of many events in the Middle East, talkingtreasury - Dubai provided practical guidance through real-life examples and anecdotes from local as well as international treasury teams.

Delegates came from a broad spectrum of countries including the UAE, Saudi Arabia, Bahrain, Kuwait and Qatar.

Key findings included the treasurer as the risk management champion within an organisation. The forum discussed how the management of risk has extended beyond the traditional operational and financial risk to include hazard and strategic risk.

Marwan Abedin, chairman of the event and Director, Funds Management at the Department of Finance, Government of Dubai commented:
“talkingtreasury provides a ground breaking forum in which treasurers can talk openly amongst colleagues about the key issues affecting the profession. The discussions were thought-provoking and key findings included the developing role of the treasurer within the Middle East.”

For more information please visit www.actmiddleeast.org

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Notes to editors

About ACT Middle East

The main objective of ACT Middle East is to develop the knowledge and expertise of treasury, risk and corporate finance professionals across the region. There are already a number of ACT members in the Middle East and many more treasury professionals studying for our qualifications in the region. Due to the rapid growth of inward and outward investment in the Middle East, the ACT is extending its services to further support, facilitate and enhance the sharing of treasury knowledge and promotion of best practice in the region. As the leading international body for treasury, risk and finance professionals, the ACT is in the best position to meet this demand and provide a network for sharing and developing financial skills.

For further information on ACT Middle East please visit www.actmiddleeast.org