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National Bank of Fujairah supports the stable future of the regional energy, oil and gas industries in partnership with the Gulf Intelligence Energy Markets Forum

Bank and industry experts to host industry roundtables on outlook of the industry, its impact on oil prices, demand, and oil storage, and long-term planning for continued success

National Bank of Fujairah (NBF) PJSC is pleased to once again be partnering with the Gulf Intelligence Energy Markets Forum, to be held tomorrow, September 19, 2017. This is the bank’s fourth year in partnership with the forum, which is being produced under the Patronage of His Highness Sheikh Hamad Bin Mohammed Al-Sharqi, The Ruler of Fujairah, UAE. The event, which will be held at the Novotel Hotel Fujairah, will also feature a special appearance from His Highness Sheikh Mohammed Bin Hamad Bin Mohammed AL Sharqi, Crown Prince of Fujairah, underlining the significance of the forum.

The partnership demonstrates NBF’s commitment towards the economic development of its home emirate, Fujairah, which is widely known as one of the world’s biggest bunkering hubs and an emerging regional oil trading center. This is also an extension of NBF Knowledge Series platform, the banks knowledge sharing efforts with its customers on latest trends and industry best practices.

In addition to the breakfast briefings, a featured interview, interactive surveys, a leadership panel, and a debate session, the forum will feature a number of industry roundtables led by industry experts and thought leaders, one of which will be hosted by NBF. The industry roundtable, titled, “Storage Outlook: What’s the Outlook on the Impact of Sinking Oil Prices and Altering Demand Flows on Oil Storage?” will be led by Bora Bariman, NBF’s Head of Energy & Marine Division, and will delve into the future challenges faced by a still-volatile energy market, and how leading players such as NBF can remain close to their customers and maintain a robust business model that is sustainable through changing market conditions..

Commenting on the event, Vince Cook, NBF’s CEO said, “With Fujairah becoming an ever-more significant contender in the Energy and Marine, and Oil and Gas industries, it is more important than ever for us to maintain our commitment towards the emirate’s positive economic development. We are delighted to be taking part in the Forum, which will no doubt address a key number of critical factors for growth and success in the coming year.”

Abu Bakar Ismail, Director of Strategy at Gulf Intelligence, added, “With a number of industry thought leaders hosting sessions on topics that are paramount to our future success, attended by VIPs, Government officials, senior executives and key media, the 7th Gulf Intelligence Energy Markets Forum will provide both attendees and hosts with some invaluable insights and forward-looking trends.”

Attending the forum will be a number of VIPs, delegates, and industry experts, and the event will be preceded by an awards dinner being held this evening, September 18th.

About National Bank of Fujairah PJSC:

Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari’a compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB+ / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol "NBF". It has a branch network of 16 across the UAE.

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