Register | Forgot password?
Switch to Arabic
Monday, November 23 - 2009
Page navigation Browse related articles

ITFC holds training program in Turkey for top officials of trade promotion organizations

As part of its Trade Cooperation and Promotion Program (TC and PP), the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the IDB Group, held a training program in Turkey for top officials of selected trade organizations from Saudi Arabia, UAE, Egypt, Palestine, Iran, Albania and Nigeria.

Article continues below
  • Dr. Waleed Al Wohaib, CEO of ITFC.
    Dr. Waleed Al Wohaib, CEO of ITFC.
Organized on behalf of the ITFC by the Islamic Development Bank in coordination with the Export Promotion Center of Turkey (IGEME), the on-job training program was conducted to familiarize participants with the organizational structure of IGEME, its activities and roles, and how it operates in relationship to other government and semi-government institutions that are also responsible for promoting trade and assisting small and medium business enterprises (SMEs).

Emphasizing the need for such training programs, ITFC CEO Dr. Waleed Al Wohaib said:
"The ITFC takes the initiative of conducting on-job training programs in many countries to enhance the capabilities of trade promotion officials and ensure that trade initiatives are effectively implemented to better achieve the overarching aim of the IDB, which is to promote and finance trade on order to bring about economic benefits that translate into better living standards for people in OIC member countries."


The organizations selected for the training included the Saudi Export Development Center (SEDC), Dubai Export Development Corporation (DEDC), Palestine Trade Center (PALTRADE), Egypt Export Development Fund (EEPC), Iran Trade Promotion Organization (ITPO), Albanian Investment and Business Agency (ALBINVEST), and Nigerian Export Promotion Council (NEPC).

The training program was held in Ankara for four days, before moving on to the IGEME Center Istanbul for the final day. Presentations were made about specific trade promotion activities such as organizing trade missions, participation in international fairs, and conducting market research studies. As part of the training, the participants visited nine organizations, including exporters' unions, TOBB and Eximbank, where they were briefed about activities related to foreign trade promotion and SMEs support programs.

Pointing out an additional benefit, Dr. Al Wohaib concluded by saying, "ITFC training programs such as this are an excellent opportunity for networking, making new contacts and enhancing communications between trade promotion organizations and chambers of commerce, which leads to a desired increase in the volume of intra-trade between OIC member countries."
Also consider reading:
Log in to request more information from ITFC

Notes and media contacts

About the International Islamic Trade Finance Corporation - ITFC:

The ITFC is an autonomous entity within the Islamic Development Bank Group, formed to consolidate financing business that was formerly undertaken by various windows within the IDB Group. The consolidation of the bank's trade finance activities under a single umbrella increases the efficiency of service delivery by enabling rapid response to customer needs in a market-driven business environment.

A rich heritage of 30 years trade finance experience by the IDB Group puts the ITFC in a leadership position to foster socioeconomic development, set new benchmarks for trade financing and ethical based business standards, and develop innovative Shariah compliant trade financing instruments. Operating to world-class standards the ITFC promotes IDB developmental objectives through its two main pillars, Trade Finance and Trade Promotion, to fulfill its brand promise of 'Advancing Trade & Improving Lives'.

For further information:

Ahmed Al Hassani
Media Relations Director
TRACCS
Tel: +966 2 663 2525
Fax: +966 2 663 2323

Majid Bin Ayed Al-Ayed
Corporate Marketing
International Islamic Trade Finance Corporation (ITFC)
Tel: +966 2 646 7002

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions