CAPITAL CLAWS BACK PLACES IN
FINANCIAL HUB INDEX
IRELAND BIDS WILLKOMMEN TO THE GERMANS
áilte Ireland welcomed eight German corporate meetings and incentive travel buyers on a three-day visit in March to familiarise themselves with what is on offer in Dublin city and county. The trip is aimed at growing MICE (meetings, incentives, conferences and events) business from the German market. Overall the MICE sector is worth a576 million to the Irish economy per year. The trip included a visit to the Convention Centre Dublin as well as a number of leisure and cultural activities including a Gaelic games lesson and a tour of Trinity College Dublin.
“OUR MISSION IS VERY CLEAR: IT IS TO HELP SMALL BUSINESSES THAT ARE VIABLE, OR HAVE THE POTENTIAL TO BE VIABLE, TO SURVIVE AND TO GET CREDIT.”
Dublin has jumped 18 places in the latest Global Financial Centres Index (GFCI), ranking 52nd in the survey of 82 financial centres across the globe. The latest improvement puts the capital on a par with the likes of Mumbai and Bangkok. However, it only partially reverses Dublin’s dramatic decline in the wake of the financial crisis. Prior to 2010 it was always ranked within the top 30. In 2009 it ranked as high as 10th alongside cities like London, New York and Zurich.
FINANCIAL CENTRES Centre New York
Rank Last Year 1st
London 2nd 2nd Hong Kong 3rd
Tokyo 5th 6th Zurich 6th 7th Seoul 7th 8th San Francisco 8th
Chicago 9th 12th Boston 10th 9th
FORUM HEARS OF
OPPORTUNITIES IN ARAB MARKETS THE INAUGURAL ARAB IRISH BUSINESS FORUM was held on March 11th at the Royal Hospital, Kilmainham, in Dublin. Three hundred delegates attended the day-long event which was jointly organised by the Arab-Irish Chamber of Commerce, Enterprise Ireland, Emirates Airline, and Bord Bia. The Forum was formally opened by Minister for Jobs, Enterprise and Employment Richard Bruton. Attendees heard from speakers
about the importance of the Arab markets for Ireland and the significant opportunities on offer to Irish companies, especially in Saudi Arabia and the Gulf states. There are over 450 indigenous Irish companies currently operating in the Gulf region including Jones Engineering, Byrne Looby, Glen Dimplex, Glanbia, Chanelle Pharmaceuticals, PM Group, Glenbeigh Records Management and Kerry Group.
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John Trethowan, Head of the Credit Review Office
Minister Richard Bruton, Julie Sinnamon, Chief Executive, Enterprise Ireland and Joe Geoghegan, Chairman, Arab-Irish Chamber
InBUSINESS | Q1 2015