More stories

  • in

    ACE Transformation Associate (Limited Contract) – Assurance | PricewaterhouseCoopers

    Employment:

    Full Time

    Line of ServiceAssuranceIndustry/SectorNot ApplicableSpecialismAssuranceManagement LevelAssociateJob Description & SummaryA career in our Assurance Transformation Centre of Excellence practice, within Assurance Transformation Services, will provide you with the opportunity to be responsible for developing functions in PwC that support audit engagement teams and audit quality efforts. You’ll focus on enhancing our services related to data auditing, business analytics, visualisation and leveraging of analytic technologies to evaluating complex Enterprise Systems for audit and non audit services.As part of our team, you’ll work with a broad and diverse range of clients, providing you with exposure to businesses of varying sizes, industries and complexity. You’ll work on document automation platform, and go on to produce parameterized templates to be rolled out to the ME Assurance community.To qualify for this role, you should:- Hold a bachelor’s degree is Business Administration- 0 – 1 years of experience- Willing to work in automation projects- Curious about technology and automationTo really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

    PwC Professional skills and responsibilities for this management level include but are not limited to:- Invite and give in the moment feedback in a constructive manner.- Share and collaborate effectively with others.- Identify and make suggestions for improvements when problems and/or opportunities arise.- Handle, manipulate and analyse data and information responsibly.- Follow risk management and compliance procedures.- Keep up-to-date with developments in area of specialism.- Communicate confidently in a clear, concise and articulate manner – verbally and in the materials produce.- Build and maintain an internal and external network.- Seek opportunities to learn about how PwC works as a global network of firms.

    At PwC Middle East, we’ve set out an ambitious purpose and strive to live it everyday: to solve important problems and build trust in society.

    We’re a community of solvers that come together in unexpected ways to build trust and create sustained outcomes. We solve important problems, support one another as we grow, develop and build fulfilling careers.

    PwC provides industry-focused services for public and private clients across Assurance and Audit, Deals, Consulting, Tax and Legal. We draw on our development legacy that brings together the collective experience of over 7,000 people in our region with offices across 12 countries to solve for tomorrow.

    We’re striving to consistently deliver innovative work that builds trust and delivers sustained outcomes. And we’re proud of the strength that comes from all our different backgrounds and experiences and we value everyone’s uniqueness. We thrive in uncertainty, operate with integrity and leverage the diverse perspectives of our teams.

    If you’re looking for a place that fuels your ambition to make a difference, that matches your curiosity with continuous learning opportunities and reimagines ways of working to enable you to lead a more balanced life, then you’re a future PwCer. More

  • in

    Human Capital Associate | PricewaterhouseCoopers

    Employment:

    Full Time

    Line of ServiceInternal Firm ServicesIndustry/SectorNot ApplicableSpecialismIFS – Human Capital (HC)Management LevelAssociateJob Description & SummaryA career in our Human Resources, within Internal Firm Services, will provide you with the opportunity to make a difference at PwC by helping to fully leverage the skills and talents of all our people. You’ll focus on helping the local offices in driving the Firm’s people strategy, creating a unique people experience for each individual, and supporting our Firm wide values by working with the core competencies that measure and drive individual and Firm wide success in the marketplace.Our Human Resources teams support initiatives and programmes including, customer support, business operations, data and analytics, technology systems, recruitment services and on-boarding, workforce mobility, contingent workforce, and people and programmes support.Human Capital Associate Job Description We are looking to employ an HR Associate with outstanding written, verbal and interpersonal communication skills. An HR Coordinator is expected to have fantastic organizational and time management skills. You will need to have excellent administrative and IT skills with the ability to multitask and adapt in a fast-paced environment.Responsibilities:• Assist with all internal and external HR related inquiries or requests.• Maintain both hard and digital copies of employees’ records.• Perform orientations and update records of new staff.• Assist in issuing employment contracts.• Coordinate with the main office in HR related matters.• Looking after the business and employee’s needs. • Schedule meetings, interviews, HR events and maintain agendas.• Perform orientations and update records of new staff.• Produce and submit reports on general HR activity.• Assist with payroll and ad-hoc HR projects.• Support other assigned functions.• Keep up to date with the latest HR trends and best practices.• Assist in HR programs and indicatives as required.

    Requirements:• Bachelor’s degree in Human Resources Administration or related (essential).• 2 -3 years of experience as an HR Specialist, Coordinator or/and HR administrative assistant / HR executive assistant in well-known companies (essential).• Great public relations skills.• Exposure to Labor Law and employment equity regulations.• Effective HR administration and people management skills.• Exposure to payroll practices.• Full understanding of HR functions and best practices.• Excellent written and verbal communication skills.• Works well under pressure and meets tight deadlines.• Highly computer literate with capability in email, tracking system, reporting, analytics, Google apps, creative google slides use, MS Office and related business and communication tools.• Strong organizational and time management skills.• Meticulous, attentive to detail.

    At PwC Middle East, we’ve set out an ambitious purpose and strive to live it everyday: to solve important problems and build trust in society.

    We’re a community of solvers that come together in unexpected ways to build trust and create sustained outcomes. We solve important problems, support one another as we grow, develop and build fulfilling careers.

    PwC provides industry-focused services for public and private clients across Assurance and Audit, Deals, Consulting, Tax and Legal. We draw on our development legacy that brings together the collective experience of over 7,000 people in our region with offices across 12 countries to solve for tomorrow.

    We’re striving to consistently deliver innovative work that builds trust and delivers sustained outcomes. And we’re proud of the strength that comes from all our different backgrounds and experiences and we value everyone’s uniqueness. We thrive in uncertainty, operate with integrity and leverage the diverse perspectives of our teams.

    If you’re looking for a place that fuels your ambition to make a difference, that matches your curiosity with continuous learning opportunities and reimagines ways of working to enable you to lead a more balanced life, then you’re a future PwCer. More

  • in

    Collection Executive | Aon Middle East

    Employment:

    Full Time

    • The job holder is responsible for performing functions related to various collection initiatives. • Responsible for regular follow ups and collection of payments against Insurance Premiums.• The responsibility also includes extraction of the data from the system and data entry of the collections in the designated collection trackers.

    • Minimum of Bachelor’s degree in Commerce or equivalent qualification.The candidate should possess:• Very effective interpersonal & communication skills • Good Excel skills • Fair knowledge of accounts receivable, sales and collection functions. • Good organizational skills • Able to work under pressure

    Aon in the Middle-East is recognised as the premiere international broker with offices and network offices in the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Qatar, Iraq, Egypt, Lebanon and Kuwait. The Middle-East is a key strategic region for Aon and we continue to resource in the region with high quality personnel who can ensure Aon’s global commitment to providing leading edge service to our clients wherever they may be located. We employ more than 350 colleagues throughout our offices and network offices in the region. Wherever the risk or client is located, Aon has the ability and capability to seamlessly support and service our valued clients and partners. In short we offer you a global service delivered locally. More

  • in

    Valuation, Modeling and Economics Associate | Ernst & Young

    Employment:

    Full Time

    Strategy & Transactions (SaT) Valuation, Modeling and Economics (VME) At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. We’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. Competitive business today is all about making intelligent, informed decisions. As a VME Analyst, you’ll help make that happen. You will be an important part of our diversely talented, highly experienced team and work at the forefront of high-profile transactions. Our team of strategic advisors sits at the heart of a global Valuation & Modeling and Economics network of specialists who deliver high quality solutions on values creation through each phase of a decision-making support process. The opportunity EY has an established industry leading Valuation and Modeling and Economics practice. We advise our clients in addressing their strategic planning, transaction and non-transaction related decision-making process including strategic planning, identification and assessment of value creation financial reporting, market valuation for transactional purposes. You’ll have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning. That’s how we develop outstanding leaders who team to deliver on our promises to all our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities. EY has dedicated teams providing full suite of Valuation, Modeling and Economic Advisory solutions across a range of industries and clients, including: – Real Estate, Hospitality and Construction (RHC) – Business Modeling & Valuations – Government Public Sector (GPS) – Economic Advisory (EA) – Decision Analytics (DA) – Capital Equipment Your key responsibilities As an Analyst within our Valuation Modeling and Economics team, you are likely to spend your day-to-day working on commercial issues, working with management on parts of the acquisition process or transformation plans and regularly undertake valuations for strategic priorities. You will make technical contributions to valuation client engagements and internal projects by gaining a thorough understanding of the target business and its market, and of clients’ issues, performing research and analysis of the target’s industry and of quoted companies operating in that sector. You will plan, prepare, and review deliverables in various forms including excel data books, written reports, presentations, and discussions with the client. Skills and attributes for success – Strategic mindset – you will help clients identifying source of value creation and quantifying it. You will need to have a solution-oriented mind-set to act as a truly Corporate Finance advisor to leverage on EY capabilities and assist clients in solving their issues and unlocking potential for value growth – Commercial Acumen – as part of the team you will regularly advise businesses on valuations issues with regards to acquisition, divestitures or restructuring and provide fairness opinions on transactions and restructurings – Regulatory and Accounting knowledge -you will work with management as part of an acquisition process to understand how the value of acquired intangible and financial assets will impact accounting requirements, provide fair value opinion for financial reporting purpose

    To qualify for the role, you must have – A bachelor’s degree in finance, economics, accounting or business and at least 1-3 years of related business valuation work experience; or a graduate degree – Solution driven individual and “out-of-comfort” zone thinker with demonstrated record of solving complex problems and completing challenging projects – Previous business valuation, capital allocation, portfolio optimization, corporate finance or strategy background experience – Financial modeling skills including experience building models from scratch. – Broad understanding of IFRS standards related to fair value measurements, business combination, impairment testing etc. Ideally, you’ll also have – Regional experience (preferred although not mandatory) – Previous valuation experience in consulting firm or Big 4 Firm What we look for We are looking for candidates who are highly motivated, analytical, logical thinkers with a passion for valuations and have a very strong attention to detail. Being a strong team player is critical with the ability to adapt to changing requirements or deadlines in support of our clients, goals. What we offer We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business. Plus, we offer: – Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next. – Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way. – Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs. – Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs. If you can demonstrate that you meet the criteria above, please contact us as soon as possible. The exceptional EY experience. It’s yours to build. EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

    EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available on our site.

    The MENA practice of EY has been operating in the region since 1923. For over 95 years, we have grown to over 7,500 people united across 21 offices and 16 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region More

  • in

    Experienced Associate – Centre of Excellence | PricewaterhouseCoopers

    Employment:

    Full Time

    Assurance – Centre of Excellence – UAE Hub – Experienced Associate – AmmanLine of ServiceAssuranceIndustry/SectorNot ApplicableSpecialismAssuranceManagement LevelAssociateJob Description & SummaryAs an associate in our Jordan based Centre of Excellence (‘CoE’), you will have the opportunity to work with a vibrant and dynamic team of Senior Associates, Managers and Partners based in the United Arab Emirates and Saudi Arabia who provide financial statement assurance services to a variety of clients. Our clients are predominantly high profile large international and regional organizations including publicly listed companies.Our teams help organizations navigate regulatory complexity while strengthening trust and transparency in their businesses. Leveraging technology, you’ll be able to work alongside senior members of the clients’ management teams under the supervision of PwC teams in the UAE and KSA in planning the audit process from beginning to end, ensuring completeness, accuracy, and fair presentation of our client’s information.At PwC, our values are to make a difference, work together, act with integrity, reimagine the possible and care. We live with these values in every moment with every interaction.Some of your responsibilities as an Associate in our Jordan based COE, may include but are not limited to the following: – Effectively use of technology to enable:- Active and continuous daily communication with management of the Assurance Centre of Excellence based in PwC Jordan. – Active and continuous regular communication with and reporting to the Senior Associates, Managers and Partners based in PwC UAE and KSA on allocated engagements.- Learn and apply PwC audit methodology and software to perform high quality efficient and effective audits and prepare impactful deliverables- Critically and constructively challenge the status quo and historical audit strategies and provide recommendations to solve problems- Make decisions that create a net benefit to PwC and our clients- Support the senior associates and managers in planning, executing and completing the audits and deliverables- Establish effective working relationships directly with clients and where appropriate explore and identify opportunities for further collaboration with clients beyond the existing audit scope- Contribute to your own learning and development and support your team members through on-the-job training and coaching- Keep up to date with international and regional business and economic issues- Develop your PwC Brand and live our values

    Preferred skills / experience- Solid knowledge of IFRS. – Applicants must be fluent in Arabic. – CPA / ACCA qualification is preferable. – 1-2 years of experience as external auditor in a Big 4 firm.

    At PwC Middle East, we’ve set out an ambitious purpose and strive to live it everyday: to solve important problems and build trust in society.

    We’re a community of solvers that come together in unexpected ways to build trust and create sustained outcomes. We solve important problems, support one another as we grow, develop and build fulfilling careers.

    PwC provides industry-focused services for public and private clients across Assurance and Audit, Deals, Consulting, Tax and Legal. We draw on our development legacy that brings together the collective experience of over 7,000 people in our region with offices across 12 countries to solve for tomorrow.

    We’re striving to consistently deliver innovative work that builds trust and delivers sustained outcomes. And we’re proud of the strength that comes from all our different backgrounds and experiences and we value everyone’s uniqueness. We thrive in uncertainty, operate with integrity and leverage the diverse perspectives of our teams.

    If you’re looking for a place that fuels your ambition to make a difference, that matches your curiosity with continuous learning opportunities and reimagines ways of working to enable you to lead a more balanced life, then you’re a future PwCer. More

  • in

    Assistant Operation Manager | Industrial and Commercial Bank of China (ICBC)

    Employment:

    Full Time

    Responsibilities 1. Assist to operate the Bank’s transaction monitoring system, suspicious transaction monitoring system and other system;2. Assist to perform the due diligence investigation of the clearing business;3. Assist to analyze the clearing data and create the relevant report;4. Assist to update the regulations and internal protocols;5. Any other responsibility assigned by the Bank from time to time on the basis of requirement

    Interactions: Reporting to Head of the Department Other Interactions: Compliance Department, FI Department and Treasury DepartmentMinimum Years Experience: Minimum 3years of working experience in Banking IndustryPreferred Nationality: Any Gender: Any Age Preference: Any Language Fluence Preference; English and Chinese is a plusPreferred University: Finance and Accounting – Minimum Bachelor’s Degree in Finance or Accounting or related major from a reputed UniversitySpecialist Knowledge: Statistic Analysis skills

    In October 2008, Industrial and Commercial Bank of China (ICBC) formally entered into the Middle East region, establishing Industrial and Commercial Bank of China (Middle East) Limited (regulated by the DFSA) and Industrial and Commercial Bank of China (QFC) Branch (authorized by the QFCRA) in quick succession and commencing businesses. This enables ICBC to become the pioneer of China-owned banks in the Middle East region, and will, on the basis of its advanced market position, excellent client base, multiple product structure, strong innovative ability and prominent brand value, allows ICBC to support various infrastructure financing demands in the United Arab Emirates, Qatar and the greater Middle East, and comprehensively provide various financial services including international trade, domestic guarantee and oversea credit, project financing, to become the economic bridge and channel between China and the Middle East region.

    At the end of 2009, ICBC succeeded in acquiring a wholesale banking license from Central Bank of the United Arab Emirates, which is seen as a big progress for ICBC in the Middle East region. Now a chain has been formed between the cities of Abu Dhabi, Dubai and Doha to provide more comprehensive financial services to ICBC clients in the region.

    ICBC will keep on improving its network within the Middle East region by relying on abundance of market resources, insistence on prioritizing commercial banking, striving to develop investment banking and asset management, so as to strengthen ICBC’s influence and competitiveness, and become the most influential and respectable bank in the region. More

  • in

    HR Enablement Supervising Associate – Saudi National | Ernst & Young

    Employment:

    Full Time

    We believe our Talent Team is an exciting and challenging environment in which to develop your career. As a leading professional services firm, we know that our strength and capability come from our people – their different perspectives, experiences and backgrounds. The opportunity This is an excellent opportunity for someone who is wishing to pursue a career in HR to gain valuable skills providing administrative support to the wider team. You will work across the HR Enablement function, with Talent Services and collaborate with other Talent functions to ensure consistency of user experience, client satisfaction, timeliness and responsiveness of service, quality of service, efficiency of delivery etc. You will also be required to assist with the overall support, coordination and logistics of HR Enablement project management and deployment. The role would also support specific teams within HR Enablement as and when required, such as Onboarding, and Exit. Your key responsibilities HR Enablement coordination – Provide project management support across all areas of Enablement to enable deployment across MENA, key areas being-Record Keeping, Contract Management, Onboarding, Exit, Probation and the HR Contact Centre. – Understand and have knowledge of key talent processes – Manage trackers ensuring attention to detail – Provide advice to employees and counsellors as appropriate – Coordinate team and Cluster calls, managing actions and follow-up with respective team members – Coordinate team training, overseeing attendance and then usage of new skills ‘on the ground’ Exit Coordination – The secondary purpose of the role is to support the Central Exit Team. Day to day activities will focus on KSA, however the role will provide exposure to the MENA centralized model and regional team. The Exit Consultant is required to oversee the transition of departing employees in KSA. – The role requires system administration, liaison with varying function teams, employee/Business support, consultation and advice to our internal clients. – The Exit Consultant is responsible for the identification and execution of resolutions pertaining to process flow and the seamless management of Employee exits. – The Exit Consultant is required to have deep knowledge and understanding of EY’s HR policies and procedures and local law and how these are applied by location. The Exit Consultant will always look to use best practice to guarantee an exceptional experience for employees and the Business. – Ensure the business mitigate any form of risk. – Play a key role in employee retention and understanding attrition – Required to work independently with some guidance from the Exit Lead. – Identify areas of improvement to improve service quality and delivery – Build and maintain relationships across the Talent Team and the business – Provide timely feedback to team members – Act as a point of contact between the HR Enablement Team to ensure that Talent activities are executed – Maintain knowledge of HR practices and key trends – Effectively work with Shared services along with the HR Enablement team

    Skills and attributes for success – Managing strong relationships with HR Consultants and other functions to ensure that their expectations are managed and met – Developing knowledge of HR policy and practice so that incoming work can be processed and queries resolved by you at the first point of contact – Proactively suggesting process improvements and a willingness to take on additional projects – Knowledge of HR systems, basic HR measurement and process improvement preferred – Experience in metrics reporting and analysis preferred – Experience with Shared Services would be an advantage To qualify for the role, you must have – 4-7 years’ experience of working in HR operations within a professional services firm or a complex organization – A bachelor’s degree in human resources or a related discipline – Familiar with country immigration and labour laws – Experience in working within MENA region – Experience of working ‘cross border’ – Fluent in English – Experience with local labor laws including Immigration process and requirements – Excellent communicator; English, both written and verbal – Ability to challenge – Negotiation skills – Highly competent in the use of Excel, Word and PowerPoint – Competence in the understanding of system functionality – Must be an Arabic speaking national Ideally, you’ll also have – A passion to pursue your CIPD in the future or already have this qualification – Strong communication skills and the ability to articulate process and procedures clearly – An enthusiastic, can do approach and be a strong team player What we look for We are interested in professionals who is wishing to pursue a career in HR to gain valuable skills providing administrative support to the wider team. We’re looking for someone like you who has the autonomy to manage their stakeholders, offering advice on best practice delivering high quality administrative support to your team. What we offer We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business. Plus, we offer: – Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next. – Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way. – Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs. – Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs. If you can demonstrate that you meet the criteria above, please contact us as soon as possible. The exceptional EY experience. It’s yours to build. EY | Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

    EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

    EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available on our site.

    The MENA practice of EY has been operating in the region since 1923. For over 95 years, we have grown to over 7,500 people united across 21 offices and 16 countries, sharing the same values and an unwavering commitment to quality. As an organization, we continue to develop outstanding leaders who deliver exceptional services to our clients and who contribute to our communities. We are proud of our accomplishments over the years, reaffirming our position as the largest and most established professional services organization in the region More

  • in

    Assistant HR Manager | Industrial and Commercial Bank of China (ICBC)

    Employment:

    Full Time

    Responsibilities: 1. Assisting day to day operations of the HR functions and duties2. Providing clerical and administrative support to HR Executives3. Supports involving a wide range of activities, coordinating meetings to maintain our employee database. 4. Coordinating with administrative procedures and system devising ways to streamline process 5. Ensure the smooth and adequate flow of information within the company to facilitate other business operations 6. Can manage schedules and deadlines 7. Monitoring inventory of office supplies and the purchasing of new material with attention to budgetary constraints. 8. Oversee facilities services, maintenance activities and tradespersons.9. Ensure operations adhere to policies and regulations

    Objective of the role: We are looking for an HR Assistant to undertake a variety of HR administrative duties and to support HR Department to their Strategical and tactical visions. Reporting to: The Head of DepartmentNationality: Asian Gender: Any Minimum Experience: 3 yearsUniversity Qualifications: University GraduatePreferred University Subjects: Human Resources, Business Administration, Management, PsychologyOther Certifications obtained: University Graduate with HR trainings or similarSpecial Knowledge: MS Office, computer skillsSoft Skills and Personality Strait: Coordinating, Analytics, Problem solving, Patient, Time ManagementLanguage Preferences: English and Chinese is a MUST

    In October 2008, Industrial and Commercial Bank of China (ICBC) formally entered into the Middle East region, establishing Industrial and Commercial Bank of China (Middle East) Limited (regulated by the DFSA) and Industrial and Commercial Bank of China (QFC) Branch (authorized by the QFCRA) in quick succession and commencing businesses. This enables ICBC to become the pioneer of China-owned banks in the Middle East region, and will, on the basis of its advanced market position, excellent client base, multiple product structure, strong innovative ability and prominent brand value, allows ICBC to support various infrastructure financing demands in the United Arab Emirates, Qatar and the greater Middle East, and comprehensively provide various financial services including international trade, domestic guarantee and oversea credit, project financing, to become the economic bridge and channel between China and the Middle East region.

    At the end of 2009, ICBC succeeded in acquiring a wholesale banking license from Central Bank of the United Arab Emirates, which is seen as a big progress for ICBC in the Middle East region. Now a chain has been formed between the cities of Abu Dhabi, Dubai and Doha to provide more comprehensive financial services to ICBC clients in the region.

    ICBC will keep on improving its network within the Middle East region by relying on abundance of market resources, insistence on prioritizing commercial banking, striving to develop investment banking and asset management, so as to strengthen ICBC’s influence and competitiveness, and become the most influential and respectable bank in the region. More