Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that record growth was achieved in the value of goods and commodities imported under ATA Carnets during 2023. A total of 5,492 ATA Carnets were issued and received for goods and commodities worth AED 5 billion, representing a remarkable year-over-year growth of 47% in value.This record value reflects strong growth within Dubai’s exhibitions, events, and conferences sector, to which ATA Carnets are closely linked, and underlines the city’s growing status and reputation as a leading global destination for business and events.Data from this year indicates that 1,118 ATA Carnets were issued and received for goods with a value of AED 695 million during January and February alone, highlighting continuing positive momentum within the events and exhibitions sector in the emirate.ATA Carnets are an effective tool in the attraction and organisation of international events and play a vital role by facilitating the duty-free and tax-free temporary importation of goods for up to one year. This contributes significantly to enhancing the smooth movement and transportation of goods and equipment for exhibitions, shows, and other events.His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated that ATA Carnets enhance Dubai's economic flexibility and boost the growth of various business sectors, especially in terms of simplifying customs procedures for the transport of goods and commodities to be used in exhibitions and shows. The ATA Carnet system has emerged as a key driver in positioning Dubai as a global hub for promotional exhibitions, events, and conferences.His Excellency added: “Dubai Chamber of Commerce is the guarantor for the implementation of the ATA Carnet system in the UAE, with impactful collaboration between the chamber and its partners in Dubai Customs, the Federal Customs Authority, and chambers of commerce across the UAE. We are committed to facilitating the movement of goods and commodities to enhance the competitiveness of the emirate and its business environment.”

 Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, recently organised a virtual workshop on cybersecurity in collaboration with Mastercard to enhance the Dubai business community’s ability to face cyberthreats.Titled ‘Building Cyber Resilience in a Complex and Interconnected Digital World’, the workshop was attended by 50 participants from various companies operating in Dubai. It featured interactive discussions and constructive dialogues, providing participants with vital information and valuable insights, along with guidelines and real-world data in the digital field.Cyber resilience is a proactive strategy that enhances an organisation’s ability to ensure business continuity amid growing technological threats by pre-emptively setting up security provisions, analysing weaknesses in digital systems, and working to protect against potential digital challenges.The workshop is the second in a series of sessions to be held under a new initiative, launched by the Dubai Chamber of Commerce in July 2023 in collaboration with Mastercard. The initiative includes a year-long programme to help companies evaluate and improve their cybersecurity capabilities.His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “The digital world is constantly evolving as we grow increasingly reliant on modern and smart technologies in all areas of life. But the pace of cyberattacks is also growing in parallel, with expanding scopes and fast-changing methods. This exposes institutions and business sectors to imminent risks that must be systematically and continually addressed, which makes it more important than ever to keep pace with cybersecurity developments, exploring best practices, advanced systems, and tools to ensure the protection of digital systems.”“This workshop aligns with our efforts to provide support, knowledge, and guidance to the local business community in all practical and digital domains,” H.E. Lootah added. “The session aims to develop Dubai-based companies’ capabilities and potential, in addition to offering top-quality services with added value, which is integral to our strategy to elevate Dubai’s business environment and boost the private sector’s competitiveness.”Participants in the workshop were introduced to critical aspects of cybersecurity, including identifying sources and reasons for cyberattacks that target companies, as well as assessing the level of risk facing technological programmes. Discussions also covered best practices for ensuring the security of institutions and the latest tools for mitigating cybersecurity risks.

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the establishment of a new Business Council to represent the interests of Costa Rica’s business community in the emirate. The formation of the ‘Costa Rican Business Council in Dubai’ is a strategic move designed to enhance trade ties and strengthen connections between the two markets.The chamber welcomed a delegation featuring His Excellency Dr. Arnoldo André Tinoco, Minister of Foreign Affairs and Worship of Costa Rica; His Excellency Francisco Chacón Hernández, Ambassador of the Republic of Costa Rica to the United Arab Emirates; and founding members of the council for a special meeting to discuss the council’s formation. The dialogue focused on strategies for collaboration to unlock the full potential of the new business council, which will deliver a host of benefits for companies in both Costa Rica and Dubai.His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, stated: “The establishment of the Costa Rican Business Council in Dubai represents another significant step in enhancing the trade and investment relationship between the business communities in our respective markets. This collaborative effort comes as part of our ongoing drive to ensure a supportive, enabling, and world-class business environment in Dubai. We look forward to working together to boost bilateral trade and promote cross-border opportunities for business and investments.”The value of non-oil trade has been growing steadily and reached USD 58.7 million in 2022, representing an impressive annual growth rate of 19%. Bilateral trade and investments are set to increase further following the launch of the new Business Council. Earlier this year, Costa Rica also entered into preliminary CEPA negotiations with the UAE, paving the way for building a significant and influential platform that will further cement the economic relations between the two countries.Covering markets of strategic importance to Dubai, Business Councils serve as valuable platforms for companies in the UAE and abroad to connect, collaborate, and build mutually beneficial partnerships. Operating under the umbrella of Dubai Chamber of Commerce, the councils drive advocacy efforts, secure legislative enhancements, and build bridges of cooperation with business communities across the globe.Business Councils are non-profit organisations comprising companies, business owners, and industry experts that represent the interests of companies from specific countries operating in Dubai. The councils work in cooperation with the chamber to promote bilateral trade and investments between businesses in Dubai and the market represented by each council.SHA

DUBAI: Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has achieved significant growth in memberships during 2023. A total of 48,616 new member companies registered between January and September this year, representing an impressive year-over-year (YoY) increase of 42.9% compared to the 34,029 that joined during the corresponding period in 2022.The strong growth underlines Dubai’s attractiveness among both companies and investors, as well as the emirate’s growing reputation as a leading global business destination. This was also reflected in the total value of exports and re-exports of member companies, which reached a total of AED 210 billion with 544,538 certificates of origin issued from Q1 - Q3 2023.In addition, 3,209 ATA Carnets were issued and received for goods and commodities with a combined value of AED 3.3 billion during the nine-month period, compared to 2,919 ATA Carnets with a value of around AED 1.5 billion during Q1 - Q3 2022. The value of ATA Carnets received recorded a remarkable YoY growth of 123.6%.Commenting on the chamber’s strong performance, Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, said: “I am delighted to see Dubai Chamber of Commerce making headway in improving Dubai’s favourable business environment, enhancing its advocacy efforts, and supporting our members to thrive while driving the export and re-export market. We are the voice of the business community in Dubai and remain committed to empowering our members to contribute towards achieving the emirate’s growth ambitions. We will continue to work in tandem with the government as we advance on our journey towards the objectives of the Dubai Economic Agenda (D33).”As part of its continuous efforts to support the interests of the business community, Dubai Chamber of Commerce reviewed a total of 94 draft laws in cooperation with Business Groups during the first nine months of the year. The number of mediation cases received by the chamber reached 103.The chamber’s Business Relations Department arranged over 180 meetings with representatives from Business Groups and Councils between January and September, including 20 advocacy sessions aimed at shaping Dubai’s favourable business environment. The department also successfully organised 41 Annual General Assembly events for Business Groups and Councils. More than 2,100 attendees benefited from 24 workshops, events, and webinars organised by the department. In addition, a total of 103 meetings were held with key stakeholders and partners to explore opportunities to serve the business community.As part of its efforts to achieve its strategic priority of improving the business environment in the emirate, Dubai Chamber of Commerce also launched the ‘Business Sectors Platform,’ which offers an innovative package of services designed to empower Business Groups and Business Councils and enhance the effectiveness and efficiency of their activities.The Dubai Centre for Family Business, which was established in May with the goal of ensuring the growth and sustainability of family businesses in the emirate, has successfully launched a number of programmes and initiatives. By the end of Q3 2023, the centre had completed 30 family visits and rolled out two educational certification programmes for family members and advisors. A total of 18 advisors enrolled in the Family Business Advisory certification programme during this period. The centre also concluded two sessions in its Governance Series programme with the participation of 62 family business representatives. In addition, the centre recorded more than 450 downloads of education toolkits and publications between May and the end of September.Dubai Chamber of Commerce seeks to facilitate and improve the ease of doing business in the emirate, while delivering value-added services and serving as a bridge between Dubai’s dynamic business community and the government. A total of 46 country-specific Business Councils and 105 sector-specific Business Groups currently operate under the chamber’s umbrella.

Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has achieved significant growth in memberships during 2023. A total of 48,616 new member companies registered between January and September this year, representing an impressive year-over-year (YoY) increase of 42.9% compared to the 34,029 that joined during the corresponding period in 2022.The strong growth underlines Dubai’s attractiveness among both companies and investors, as well as the emirate’s growing reputation as a leading global business destination. This was also reflected in the total value of exports and re-exports of member companies, which reached a total of AED 210 billion with 544,538 certificates of origin issued from Q1 - Q3 2023.In addition, 3,209 ATA Carnets were issued and received for goods and commodities with a combined value of AED 3.3 billion during the nine-month period, compared to 2,919 ATA Carnets with a value of around AED 1.5 billion during Q1 - Q3 2022. The value of ATA Carnets received recorded a remarkable YoY growth of 123.6%.Commenting on the chamber’s strong performance, H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, said: “I am delighted to see Dubai Chamber of Commerce making headway in improving Dubai’s favourable business environment, enhancing its advocacy efforts, and supporting our members to thrive while driving the export and re-export market. We are the voice of the business community in Dubai and remain committed to empowering our members to contribute towards achieving the emirate’s growth ambitions. We will continue to work in tandem with the government as we advance on our journey towards the objectives of the Dubai Economic Agenda (D33).”As part of its continuous efforts to support the interests of the business community, Dubai Chamber of Commerce reviewed a total of 94 draft laws in cooperation with Business Groups during the first nine months of the year. The number of mediation cases received by the chamber reached 103.The chamber’s Business Relations Department arranged over 180 meetings with representatives from Business Groups and Councils between January and September, including 20 advocacy sessions aimed at shaping Dubai’s favourable business environment. The department also successfully organised 41 Annual General Assembly events for Business Groups and Councils. More than 2,100 attendees benefited from 24 workshops, events, and webinars organised by the department. In addition, a total of 103 meetings were held with key stakeholders and partners to explore opportunities to serve the business community.As part of its efforts to achieve its strategic priority of improving the business environment in the emirate, Dubai Chamber of Commerce also launched the ‘Business Sectors Platform,’ which offers an innovative package of services designed to empower Business Groups and Business Councils and enhance the effectiveness and efficiency of their activities.The Dubai Centre for Family Business, which was established in May with the goal of ensuring the growth and sustainability of family businesses in the emirate, has successfully launched a number of programmes and initiatives. By the end of Q3 2023, the centre had completed 30 family visits and rolled out two educational certification programmes for family members and advisors. A total of 18 advisors enrolled in the Family Business Advisory certification programme during this period. The centre also concluded two sessions in its Governance Series programme with the participation of 62 family business representatives. In addition, the centre recorded more than 450 downloads of education toolkits and publications between May and the end of September.Dubai Chamber of Commerce seeks to facilitate and improve the ease of doing business in the emirate, while delivering value-added services and serving as a bridge between Dubai’s dynamic business community and the government. A total of 46 country-specific Business Councils and 105 sector-specific Business Groups currently operate under the chamber’s umbrella.

Dubai: Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it received a total of 75 mediation cases during H1 2023. Mutually agreeable settlements were achieved in 35 of these cases, representing a success rate of 46.7% and highlighting mediation as one of the most effective means of settling trade disputes quickly and amicably.The combined value of mediation cases received during the first half of 2023 reached AED 42.3 million. The 35 cases that were resolved had a total value of AED 20.8 million, underlining the importance of the chamber’s mediation services to its members and the private sector in the emirate.Mediation offers a range of advantages including flexibility, speed, efficiency and confidentiality, as well as helping the parties involved to save time, effort, and money. The service also enables trade relations to continue between the conflicting parties and ensures they maintain full control over the process.The mediation cases received by the chamber in H1 2023 originated across multiple industries, with the food sector accounting for 28% of total cases. This was followed by construction at 22% and shipping services at 15%.Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Dubai Chambers remains committed to protecting the interests of the private sector and the emirate’s dynamic business community. Our mediation services represent an essential tool that enhances the competitiveness of the local business environment and the ability of companies to overcome a wide range of challenges. The business community's use of these services reflects the level of awareness on the importance of settling disputes amicably to serve the interests of all parties.”Lootah added that Dubai Chamber of Commerce has proven expertise in assisting private sector companies in resolving their commercial disputes across diverse industries while maintaining their trading relationships to protect their interests and investments. He highlighted the chamber’s virtual mediation service, which saves time and effort for all the parties involved and supports Dubai's digital transformation vision to serve customers more effectively and with greater efficiency.Independent mediators play an impartial role and ensure that conflicting parties are assisted in identifying the issues at the heart of their disputes. Once the facts have been established, the mediator works to build bridges of communication and achieve a mutually agreeable settlement that protects the interests of both parties.As representatives of Dubai Chamber of Commerce, mediators are not authorised to adjudicate disputes. Their role is to serve as facilitators who bring the parties together, helping them reach an agreement and resolve their dispute without costly and time-consuming legal action.Dubai Chamber of Commerce offers a range of discounts on mediation services to members and non-members, with a 10% discount available upon submission of two to four mediation applications and 20% discount applied for those who submit five or more applications.

Dubai, UAE — With the world gradually recovering from the COVID-19 pandemic, entrepreneurs and startups are seeking new opportunities and connections to expand their businesses. In this regard, Dubai has emerged as one of the top cities for startup networking, offering an ideal environment for growth and development. As per the report by The Dubai Chamber of Digital Economy and Entrepreneur Middle East, startups located in Dubai raised a remarkable 96% of all funds raised in the UAE since 2017, highlighting Dubai's position as the go-to destination for fundraising for startups in 2022.Here are five reasons why Dubai is the best city for startup networking in 2023:1. Strategic Location: Dubai's location at the crossroads of Europe, Asia, and Africa makes it a vital hub for startups looking to expand their reach and connect with potential customers and partners from around the world. It offers a unique advantage to entrepreneurs who want to tap into various markets and grow their businesses globally.2. Business-Friendly Policies: The Dubai government has implemented several business-friendly policies and initiatives that create a conducive environment for startups. These include tax exemptions, streamlined business registration processes, and incentives for startups to thrive. Alongside this, the government permits the creation of businesses owned by foreign entities, allowing people across the globe to operate a company in Dubai. According to Dubai’s Department of Economy and Tourism, the government is seeking 30 startups that aspire to reach unicorn status by 2030. The D33 economy plan prioritizes the growth of startups, and Dubai is actively identifying and supporting them.3. Access to Capital: Dubai is home to a diverse range of venture capital firms, angel investors, and other sources of funding for startups. This abundance of funding options makes it easier for entrepreneurs to raise capital and launch their businesses. A report by The Dubai Chamber of Digital Economy and Entrepreneur Middle East states that as of the end of October 2022, startups based in Dubai had raised more than $2 billion in funding, which constitutes the majority of the country's total fundraising of $2.5 billion.4. Supportive Ecosystem: the city’s startup ecosystem is thriving, with a plethora of resources and support available to entrepreneurs. The government has established several initiatives and organizations to provide access to funding, mentorship, and networking opportunities for startups.5. Startup Events and Conferences: the emirate hosts several startup events and conferences throughout the year, providing numerous opportunities for entrepreneurs to showcase their businesses, network with other startups and investors, and gain valuable insights and knowledge from industry experts. One of the most popular is STEP Conference, the event that brings together startups, entrepreneurs and investors from the Middle East and North Africa region. It features workshops, panel discussions, and keynote speeches on topics such as fintech, e-commerce, and marketing."Dubai is quickly becoming a hub for startups and entrepreneurs, and we're thrilled to be a part of this exciting community,"said Alex Galtsev, CEO of Realiste, a proptech startup that develops AI-based products for real estate investments. "The city's strategic location, supportive ecosystem, and business-friendly policies make it an ideal place for us to grow our business and connect with other like-minded individuals and organizations."Realiste is committed to driving innovation and growth in the real estate industry and promoting diversity and inclusion in the tech sector. The company's goal is to build the first real estate exchange that can help to identify the most profitable options in the market, allow for online purchases within seconds directly from developers, and manage all purchased assets in one place. In 2022, Realliste was recognized as the leading artificial intelligence startup in the UAE.

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has unveiled the establishment of six real estate sector-specific business groups.The new groups focus on companies operating within the real estate sector, including real estate developers, real estate valuation, real estate leasing, facility management, interior decoration / interior design services and engineering consultants. The Business Groups are platforms for constructive dialogue between stakeholders in the private and public sectors, helping companies within the real estate field tap into new opportunities, tackle industry-level challenges and address policy matters that impact this thriving market.  Commenting on the launch of the new real estate business groups, Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said: “The real estate sector continues to be one of the vital levers for Dubai’s economy and a major contributor to Dubai's GDP, with a share of more than 9% in the first nine months of 2022 and a year-on-year growth rate of 2.5% in the same period." “With the emirate's positive economic outlook for 2023, we know the real estate sector will remain strong due to substantial end-user demand and investor confidence in Dubai's property market. In addition, by leveraging Dubai's Economic Agenda 'D33', we anticipate enormous opportunities for residential and infrastructure construction to continue to support the emirate's economy while investment and spending for office, industrial, tourism and retail properties will grow even more; especially that Dubai’s population is expected to reach 5.8 million by 2040. Our new Business Groups representing six important real estate sectors are created to maximize growth and diversification in this vital market," he added.  The Dubai Land Department assisted in the formation of the new business groups and in identifying their economic activities in collaboration with Dubai Chamber of Commerce. "We welcome the formation of real estate business groups that will work under the governance framework of Dubai Chamber of Commerce. The launch of the business groups is aligned with our role of spreading real estate knowledge and promoting the culture of conducting sound business to the highest internationally recognized standards. Real estate business groups will provide new avenues for constructive debate as well as educational and networking forums for members to engage with key stakeholders, including the Land Department, to influence policymaking and ensure a bright real estate future," said H.E. Sultan Butti Bin Mejren, Director General of the Dubai Land Department. The rent and sales rates for real estate segments such as hospitality, residential, retail, commercial office space and industrial space all saw a significant increase in 2022. According to CBRE, occupancy rates in Dubai's office properties until Q4 2022 reached 88%, a 10% increase on the previous year's results.Lootah affirmed that Dubai Chamber of Commerce is committed to promoting the interests of its members and advocating on their behalf to maintain and enhance Dubai's favourable business environment as well as the competitiveness of the emirate's economy. "With this in mind, the launch of the six new real estate business groups is a significant initiative that will provide an open space for meaningful discussions amongst our member companies working in real estate, other industry leaders and key government stakeholders to achieve optimum results for a thriving real estate ecosystem,” he added.The launch of the six real estate business groups comes as part of Dubai Chamber of Commerce’s plan to establish a 100 sector-specific business groups by March 2023 to develop the private sector’s contribution to sustainable development and boost the business community’s competitiveness within Dubai’s economy and further afield. 

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors.“We are on track to reach our goal of setting up 100 business groups by March 2023. These six new business groups will help boost the dynamism of Dubai’s F&B industry where UAE consumer foodservice outlets sales are expected to reach AED86.4 billion by 2027," said Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers.“Business groups are imperative in ensuring representation of all the business and economic sectors in Dubai. They help facilitate mutual dialogue between stakeholders and government entities and are key to addressing policy matters and enhancing the competitiveness of their respective sectors,” he added.According to Euromonitor, UAE consumer foodservice sales value reached AED58.4 billion in 2022. This figure was driven by the rapid response and recovery from the pandemic as well as strong economic growth.Fresh food sales are anticipated to grow at a CAGR of 4.9 per cent between 2022 and 2027, while packaged food will see a predicted growth of about 3.9 per cent between the same period. Food manufacturers across the Middle East are predicted to grow profits by a CAGR of 3.6 per cent up to 2026.Positive outlookAccording to Euromonitor International, retail sales of traditional groceries are set to rise at a current value CAGR of 3% over the forecast period (2021-2026) to reach AED11.4 billion. Retail sales of supermarkets in the UAE are set to rise at a current value CAGR of 4% over the forecast period (2021-2026) to reach AED19.7 billion. Foodservice value sales of full-service restaurants in the UAE rose by 24% in current terms in 2022 to reach AED32.5 billion. The retail value sales of organic packaged food grew by 6% in current terms in 2021 to AED120 million. Dubai’s total trade of meat and edible meat offal reached AED32.4 billion during the period 2015-2021, whereas Dubai’s total trade of bread, pastry, cakes and biscuits reached AED11.3 billion during the same period.The food industry in Dubai and the wider UAE is set for a positive future. As integral parts of the industry, the business groups will focus on promoting the development of food companies, raising the profile of Dubai’s F&B industry in the international business community. By providing a forum that facilitates mutual dialogue between the sector’s stakeholders and government entities, the business groups will tackle industry-level challenges and address policy matters related to the industry, amongst others. 

The Executive Accelerator Programme, jointly launched by the Dubai Business Women Council (DBWC), New Metrics, a specialized consultancy firm, and Reach Digital Works, has successfully completed the second phase of its four-stage training program. This exclusive program, open only to DBWC members taking part in the 5th cycle of the Mentorship Program, brought together over 35 participants.The Executive Accelerator Programme is a comprehensive training course that includes a series of interactive training workshops. It was tailored to provide particular training that addresses the specific needs of DBWC members over a period of six weeks. It also aims to provide solutions to the challenges identified by participants during the fifth cycle of the mentorship program.The training program has completed its first and second phases with great success and positive feedback. The two phases have focused on launching and managing projects with seven training workshops being organized as part of the program.The remaining two phases will focus on developing projects and improving the digital and smart presence of companies.A team of subject-matter experts and specialists, affiliated with " New Metrics " and its partners, as well as " Reach Digital Works” is managing the entire training program, which will come to an end in mid-February.Nadine Halabi, Business Development Manager at DBWC, stated that the Executive Accelerator Programme is an innovative solution that will help participants overcome challenges in the labor market and bridge the gap between their current skills and the skills required by the job market.Halabi highlighted that the program is designed to provide participants with the essential knowledge and expertise they need to better understand the market, plan their projects, develop their skills, and grow their businesses."The council is committed to providing cutting-edge, modern training programs in line with the government's strategic goals and the evolving needs of the business world," said Halabi, adding that through the current advanced training program, the council looks forward to enhancing the abilities, expertise, and competitiveness of its members, as well as supporting women entrepreneurs in their professional pursuits.The training covers a variety of topics, such as identifying the target audience and acquiring new clients, planning a customer journey to achieve the desired impact, generating ideas, and creating and growing a business.It also focuses on maximizing financial resources and obtaining high revenues at a low cost, as well as marketing strategies, negotiation and persuasion techniques, and creating positive customer experiences.Additionally, the training will also discuss developing a governance model, creating KPIs, maintaining growth and expansion, evaluating and leveraging partnerships, promoting leadership methodologies, and developing decision-making processes. The importance of creating and maintaining a digital presence through website management and digital marketing will also be addressed.Not only will the program enhance the chances of participants obtaining the support they need, such as financing, skills, or expertise, as well as business relationships, and training, but will also provide tailored technical solutions for their services and products.For her part, Maya Omeiri, Partner at New Metrics said: “We are proud of the true impact we're making on the journey of these women. We measure the success of this program by the greater level of meaningful interactions, the stronger connections, the noticeable confidence gained in the skills and most importantly the numerous identified opportunities to move forward their businesses.”“New Metrics Team is proud to dedicate joint efforts with DBWC to help women succeed, as a business community the onus is on us to work harder to bring diversity, crucial to achieving lasting innovation and economic growth,” Omeiri added.New Metrics is a leading experience management consultancy with a presence across the EMEA region. Its partnership with the Dubai Business Women Council represents a significant step forward in providing participants in the mentorship program with advanced skills that enhance their expertise and enrich their knowledge in the workplace.Established in 2002 under the umbrella of the Dubai Chamber of Commerce, the Dubai Business Women Council is the UAE’s leading platform for the personal and professional development of business women in the Emirate of Dubai. It aims to support female entrepreneurs taking their first steps in the world of business. The Council plays a vital role in enhancing the contribution of women to the country's economy and promoting economic development in all sectors of the business community.

Dubai Chamber of Commerce one of the three chambers operating under Dubai Chambers, today announced new sector-specific business groups for four economic sectors: Agribusiness, Furniture and Home Furnishing, Flower Traders, and Tyre Traders.The Chamber plans to increase the number of sector-specific business support groups to 100 by March 2023.Mohammad Ali Rashed Lootah, President & CEO of Dubai Chambers, said, “This latest raft of business groups is designed to encourage greater cooperation, mutual knowledge sharing and greater understanding of the synergies that exist between competitors in each sector, in terms of domestic, regional and international trading opportunities.”Lootah noted that the four sectors are all key in the overall economic growth of Dubai’s economy, but equally, will all benefit from the wide range of support services offered by the Chamber. It is vital that we ensure every sector of Dubai’s growing economy receives the support they need to thrive."President & CEO of Dubai Chambers said that the aim is to promote the development of UAE-based companies and raise the profile of business group members in the international business community.The groups will deliver a suitable forum to facilitate mutual dialogue between government entities and relevant group stakeholders and update group members on relevant policy matters related to industry, domestic and international trade and investment.“Business Group members will also have a platform to exchange information and experiences and to communicate and interact with public and private entities on policy matters related to the group’s respective sectors, by means of meetings, gatherings, seminars, conferences, receptions, and other fora of exchange,” he explained.Each business group will also enjoy the opportunity to contribute to the development of knowledge, skills and best approaches in industrial, trade and investment policy, and promote exchanges on those policy matters with similar groups internationally.“The creation of sector-specific business groups is in line with our ongoing mission to continuously improve the business environment in Dubai and support member companies with their global expansion plans,” added Lootah.AgribusinessAs Dubai strives to increase food security and reduce reliance on imports, the agribusiness sector is a vital element in the economic mix. Dubai’s rich investment ecosystem has already seen development of the world’s largest vertical farm and is set to become the world's biggest 'agritourism' destination by 2030, with the opening of this ambitious farming and tourism zone.The UAE imports around 85% of the food it consumes. As a snapshot of total volume growth in different food categories, Euromonitor reports that between 2017 and 2022, sales of fresh vegetables grew by 17%, pulses by 21.4%, meat by 21.4% and other fresh food by 16.1%.Furniture and Home Furnishing A release of pent-up demand for home furnishing was seen in 2021, with sales exceeding the pre-pandemic level. Growth was also marked in new e-commerce channels in the home furnishing sector, with growth seen in bedding, home office furniture and gaming furniture – driven by enforced time at home and the global shift to working from home.According to Euromonitor International data, major sales growth categories between 2016 and 2021 include mattresses (with a 31.3% growth in sales volume) sofa beds (27.2% growth), curtains (28.1%) and light sources (35.9%), again reflecting the societal shift towards spending more time at home induced by the pandemic.To continue this upward growth trend, the business group will explore ways to maintain a positive upward sales volume growth.Flower TradersAccording to Dubai Customs, Dubai’s flower total trade value was AED1.5 billion in the period between 2011 and 2021.Dubai Flower Centre, a dedicated free zone within Dubai International Airport for the import and export of flowers, brings enormous cost benefits to international shippers, connecting more than 15 producing countries with Asian, African and Middle Eastern markets.Tyre TradersAccording to Dubai Customs, Dubai’s tyre total trade value was AED65.2 billion in the period between 2011 and 2021. This reflects the sector is in a growth phase, especially given that Dubai has one of the highest vehicle densities in the world.

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched business groups for five economic sectors—medical equipment, plastics & rubbers, optics & eyewear, paper, tissue & stationery, as well as chocolate & confectionery. These business groups will encourage engaging discussions that will drive the competitiveness of these business sectors within Dubai’s economy.Commenting on the establishment of the new business groups, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said: “The new business groups will play a notable role in supporting their respective economic sectors and activities, enhancing their competitiveness, and driving growth. The Chamber works to improve the economic performance and enhance the contribution of the private sector, which the business groups represent, in ensuring sustainable development.”Lootah noted that the partnership between the public and private sectors is a top priority in the vision of the emirate's wise leadership, stressing that Dubai’s economic model has established itself as a prime example in setting visionary, future-shaping, and proactive strategies. “Business groups have a tremendous responsibility to keep pace with the emirate’s strategic plans and contribute to developing and improving various sectors and economic activities,” he added. “The Chamber remains committed to providing all the support the private sector needs to play its part as a strategic partner of the business community.”Medical Equipment Business GroupAt an annual compound growth rate of 4.4 per cent, Fitch Solutions has estimated that the UAE’s medical device market will reach US$1.52 billion by 2025, benefiting from an overall strong economic performance in the coming years.Key market drivers supporting this trajectory include, population growth, changing epidemiology, a growing medical tourism industry, healthcare infrastructure developments, expanding health insurance, digital transformation and new technologies.The setting up of the Medical Equipment Business Group will further bolster business activity within the sector, bringing together members in transparent conversations to support the sector in advocating beneficial policy changes that will in turn enhance its competitiveness.Plastics & Rubbers Business GroupPlastic products are one of the UAE’s main exported commodities. Its exports of polyethylene to the world reached US$1.4 billion in 2019, growing with a CAGR of 15% from 2011 to 2019.Among plastic products, UAE mainly exports raw material but there is a high potential to apply product diversification in plastic exports, in the form of intermediate or final plastic products.The Plastics & Rubber Business Group supports various businesses within the sector by providing them a platform for constructive dialogues to increase business activity and boost potential export opportunities for plastic and rubber manufacturers.Optics & Eyewear Business GroupEyewear in the UAE witnessed a rebound in retail volume and value sales in 2021 following double-digit declines during the first year of the pandemic. Trends such as digitalisation and working from home will continue to affect consumer purchases for the next five years.The pandemic has forced many retailers and manufacturers to develop digital eye health and virtual try-ons, as well as investing in e-commerce infrastructure. However, eyewear is still heavily driven by store-based retailing, with e-commerce accounting for under 10% share of total sales in 2022.The Optics & Eyewear Business Group will shape the future of sector. Through collaboration, the setting up of this business group allows its members to be ahead of the curve in new trends such as tele-optometery and smart glasses. Due to rapid innovation, these are areas that are expected to gain momentum in the coming years.Paper, Tissue & Stationery Business GroupTwo essential products in everyone’s daily lives, the setting up of the Tissue and Stationery Business Group comes at the right time as purchasing momentum continues to accelerate post pandemic. The business group is a crucial element to maintaining relevance and competitiveness of the sector in Dubai’s economic landscape.The pandemic has generated a surge in demand for tissue and hygiene products over the last few years. While restrictions will continue to be relaxed, depending on the threat level of the pandemic, demand for tissue and hygiene, especially products directly related to personal cleanliness will continue to grow.Despite a short period of decline in the first quarter of 2020, the UAE stationery market has since witnessed robust growth. Increasing government investment in the educational sector, growing disposable income of consumers and high literacy rate in the country, rapid urbanisation and increasing employment will continue to increase the demand for the stationery market in UAE.Chocolate & Confectionery Business GroupConsumers are regaining their purchasing power especially after the lifting of restrictions. As they attempt to return to some level of normality in their lives, increasing consumer confidence combined with higher disposable incomes will positively impact demand for discretionary snacks.With a more health-conscious demographic, the demand for organic and chocolate confectionery variants with lower sugar content is on the rise. The Chocolate & Confectionery Business Group will support producers and manufacturers navigate the changing business landscape.There is also a clear demand for premium and innovative chocolate confectionery as well as luxury gifting boxes and boxed assortments. The business group will also support its members by providing them an exclusive forum to discuss the various trends shaping the future of Dubai’s chocolate and confectionery sector.This initiative is part of the chamber’s plans to increase the number of business groups that represent the various economic sectors and activities in Dubai. The chamber plans to increase the number of business groups to 100 by March this year.

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the establishment of the Medical Labs & Diagnostic Centers Business Group. Supporting the robust healthcare sector in Dubai and the wider UAE, the new business group seeks to foster collaborative relationships between its members and relevant stakeholders to cement importance of medical labs and diagnostic centers within the healthcare sector.“The setting up of this business group comes at the right time as it brings together businesses within diagnostic labs sector and the further strengthens Dubai’s burgeoning healthcare industry. The business group will play an instrumental role in supporting the sector, helping it thrive in the coming years,” said Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers.Dubai’s healthcare market is worth more than $4.63 billion annually. Dubai and the wider UAE is rapidly emerging as a healthcare hub with major opportunities. The UAE hosts the world’s largest medical free zone, Dubai Healthcare City which comprises 160 clinical partners across over 150 specialties and professionals from over 90 countries. Medical tourism sales are expected to record a CAGR of 17.1 per cent between 2021 and 2025, according to report by the Ministry of Economy and the UAE International Investors Council.Founding member, Dr. Ola Elgaddar, General Manager at Al Borg Diagnostics UAE, highlighted, “The healthcare industry in Dubai and the wider UAE is clearly flourishing. As a founding member of this business group, I am keen to start conversations with my fellow peers to see how we can further embed our sector and businesses in the healthcare industry. This business group will serve as an opportune platform to discuss topics that are critical to our sector and bounce off ideas and suggestions on ways to move forward.”The establishment of the Medical Labs & Diagnostic Centers business group plays a crucial role in recommending policy changes to improve the sector’s competitiveness and attractiveness while promoting international best practices and supporting the emirate’s economic growth. It is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai to 100 by March 2023.

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched the Solar & Renewable Energy Business Group. Gearing up for COP28, the business group will drive the uptake of renewable energy amongst businesses and the private sector in Dubai. “As the world shifts to renewable energy and a decarbonized economy, the establishment of the Solar & Renewable Energy Business Group is timely and relevant. It comes at the heels of UAE’s COP28 presidency, highlighting the importance of the country’s Energy Strategy 2050 and Dubai’s Clean Energy Strategy. The business group will foster better understanding of these clean energy targets amongst local businesses while providing them insights to drive the shift to renewable energy. This will boost their efforts to support and accelerate Dubai’s energy transition and the ambition of making the emirate a hub for the green economy,” said Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers. Over the last couple of decades, the share of oil in the UAE’s gross domestic product (GDP) has considerably decreased. From approximately 43 per cent in 2001, this share dropped a third of GDP to 33 per cent in 2011 and much lower to 27 per cent in 2021. The UAE is well on its way to achieve its clean energy targets as outlined in the UAE Energy Strategy 2050. Announced in 2017, the UAE Energy Strategy 2050 aims to reduce carbon footprint on power generation by 70 per cent, improve energy efficiency by 40 per cent, increase the contribution of clean energy from 25 per cent to 50 per cent and save a total of AED700 billion. The UAE has since launched notable initiatives and taken significant steps towards realising these goals by 2050. The UAE Government will invest AED600 billion in renewable energy by 2050 to meet the country's growing energy demand from clean and sustainable resources. Dubai launched its own Clean Energy Strategy in 2015, with the objective of producing 75 per cent of its energy demand from clean sources by 2050, making Dubai a hub for the green economy. One landmark project in solar energy is the Mohammed bin Rashid Al Maktoum Solar Park in Dubai which it is expected to have a production capacity of 5,000 MWh by 2030. L K Verma, Managing Director at Power n sun and founding member of the business group said, “Creating organizations such as this is important for our sector. It will drive the discussions that are necessary to enhance the competitiveness of our business and enable the dialogue amongst peers and other stakeholders on speeding up the solarization in the region.” Fellow founding member, Simon Brennan, General Manager at Al Shirawi Solar added, “I am very pleased to have been part of the setting up of this business group. It underlines the importance of environmental sustainability and I am certain with the establishment of this business group, our members will play a bigger role in supporting the UAE’s clean energy ambitions.” With renewable energy at the forefront of the government agenda, the chamber’s establishment of the new Solar & Renewable Energy Business Group is a significant step in supporting the UAE as it prepares to host the COP28 Conference in 2023. The chamber plans to increase the number of business groups that represent economic sectors and activities in Dubai as they are representatives and advocates for their respective business sectors. Business groups play a crucial role in recommending policy changes to improve a sector’s competitiveness and attractiveness while promoting international best practices and supporting economic growth. Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023.SHARE NOW

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced the launch of the Cloud Computing Business Group, connecting companies within the sector to encourage productive dialogue on ways to propel and embed cloud computing services across the various business industries in Dubai.Commenting on the launch, Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers said, “As one of the most future-ready nations in the world, a cloud-powered advanced digital infrastructure is essential to support Dubai’s goals of fully integrating digital technology into all government operations and plans. The setting up of the cloud computing business group is a pillar of this infrastructure as it will encourage transparent conversations between its members, supporting the sector in advocating beneficial policy changes that will in turn enhance its competitiveness.”One of the business group’s founding members, Miguel Villalonga, CEO of e& enterprise Cloud, added, “The formation of this business group comes at the right time as cloud computing has become integral to businesses and the overall Dubai economy ecosystem. It will serve as a platform for fruitful discussions between stakeholders in the sector. Such collaboration enables leveraging expertise while aiming to enhance cloud computing landscape in the UAE. It resonates with our efforts to be the leading digital enabler for cloud solutions.”Sharing similar sentiments, Omid Mahboubi, Founder of MENA Cloud Alliance and co-founder of the Cloud Computing Business Group, said, “I am pleased to be part of the establishment of this business group and look forward to constructive dialogues with peer members on ways and means we can support businesses in the cloud computing sector. This business group will be a catalyst for driving adoption of cloud computing in various organisations across the board.”The adoption of cloud technologies has allowed businesses in Dubai to become more agile, flexible, and efficient, helping to drive innovation and competitiveness within the local economy. The UAE has consistently outperformed 15 other countries in the Middle East and North Africa region as the most cloud competitive economy. SMEs and start-ups in the UAE are expected to gain a total of $17.1 billion (AED 62.6 billion) in economic benefits from hyperscale cloud computing between 2022 and 2030, equivalent to 2.3% of the UAE's GDP in 2021.The new Cloud Computing Business Group will focus on promoting the development of cloud computing companies, raising the profile of Dubai’s cloud services sector in the international business community. By providing a forum that facilitates mutual dialogue between the sector stakeholders and government entities, the business group will address policy matters related to the industry, amongst others.Dubai has a thriving and growing cloud computing industry, with a number of well-established international companies and local start-ups providing a range of cloud-based services. Cloud computing has become increasingly important to the economy of Dubai in recent years and the launch of the business group comes at a prime and opportune time for the sector.The new business group is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai. They act as representatives and reliable advocates for their respective business sectors and play a crucial role in recommending policy changes to improve a sector’s competitiveness and attractiveness while promoting international best practices and supporting economic growth. Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023.

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers has announced the launch of a new Fintech & Payments Business Group aimed at bringing together companies of all sizes within the fintech and payments sector to encourage collegial dialogue, advocate policy change and promote the emirate as a highly competitive global commercial centre.The launch of the new business group is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai, ensuring all industries and economic activities are represented to boost their competitiveness and drive Dubai’s sustainable development.The new Fintech and Payments Business Group will be instrumental in supporting Dubai companies and providing members with key insights and analysis on trends across the fintech ecosystem to leverage policy and regulatory change recommendations and benefit from new financial technology advancements.Commenting on the launch of the business group, Maha AlGargawi, Executive Director of Business Advocacy at Dubai Chambers, said: “Business groups are in important component in creating a supportive, enabling and world-class business environment in Dubai. Through continued transparent discussions, the business group will be able to support essential policy changes that will facilitate and improve the ease of doing business in Dubai and cement the emirate’s position as a dynamic and global business hub.“The new FinTech and Payments Business Group is a great addition to our network of business groups, and we believe it will play a pivotal role in supporting members and the emirate’s private sector to drive FinTech growth and serve as a platform to leverage the vast opportunities in this vital sector.”The Fintech and Payments Business Group will focus on ways to adopt the highest standards in providing businesses financial services and payment solutions.Business groups are reliable advocates for their respective sectors and play a crucial role in recommending policy changes to improve a sector’s competitiveness and attractiveness while promoting international best practices and supporting economic growth. Dubai Chamber of Commerce plans to increase the number of economic sectors and activities represented by business groups to 100 by March 2023.

 The Dubai Chamber of Commerce Sustainability Network’s Task Force on Managing Carbon Footprints recently organised an event offering valuable insights and guidance on how businesses can reduce carbon emissions and transition to becoming net zero.The event, titled Sustainability Management Simulation – Net Zero, examined different activities, tools and methods that can be adopted to reduce carbon emissions in line with the UAE Net Zero by 2050 Strategic Initiative, a national drive to bring carbon emissions to zero by 2050.Participants learned about key aspects that should be considered as part of any net zero plan, such as industry, location, timeline, financial budget, stakeholders engagement, training and development for employees, sustainability team, carbon budget and sources of emissions, as well as tracking and evaluation.During the event, Dr. Tim Rogmans, Associate Professor, College of Business, Zayed University, facilitated the session and guided companies through a simulation and analysed participating companies’ data and results. The majority of the companies that took part in the simulation were projected to achieve 50 percent reductions in carbon emissions with their planning.Dr. Tim Rogmans said the simulation aimed to help companies better understand the challenges and benefits associated with reducing greenhouse gas emissions. He noted that carbon reduction strategies can help reduce costs and increase revenues, adding that companies utilising the right tools and methods can maximise the positive impact of net zero plans.Launched in 2010, Dubai Chamber of Commerce Sustainability Network is an essential platform for the business community to exchange information and experiences on matters related to corporate social responsibility and sustainability.The Network is a platform for member companies to identify and share expertise on CSR and Sustainability challenges and develop practical solutions, while it also provides the opportunity for members to engage with key stakeholders including government bodies.