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Dubai Chamber of Commerce members' exports, re-exports surge to AED 210 billion

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.
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Dubai Chamber of Commerce attracts 48,616 new member companies

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.
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Dubai Chamber of Digital Economy launches ‘App Olympics’

Dubai Chamber of Digital Economy launches ‘App Olympics’ to inspire innovative ideas and advance the emirate's digital ecosystemSaeed Al Gergawi: “By inspiring tomorrow’s digital talent, this competition will play a key role in bringing the wise leadership’s vision for the digital economy to life and contribute to the objectives of the Dubai Economic Agenda (D33).”• Launched as part of the ‘Create Apps in Dubai’ initiative, the contest is open to UAE nationals and residents of all ages from any emirate, as well as global tech startups interested in establishing a presence in Dubai.• Participants will benefit from expert support and a structured learning journey in the world of app development, which culminates with an exciting award ceremony during Dubai Innovation Month in February 2024.Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched the App Olympics, a new competition designed to accelerate Dubai’s journey to become the mobile app development capital of the world. The initiative was announced during the opening day of Expand North Star, the world's largest gathering of startups and investors, which is taking place at Dubai Harbour from 15 - 18 October 2023.The App Olympics competition has been launched as part of the ‘Create Apps in Dubai’ initiative announced by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, in March. Overseen by Dubai Chamber of Digital Economy and supported by government entities and leading technology companies, ‘Create Apps in Dubai’ has developed a series of initiatives aimed at further strengthening the emirate’s position as a global leader in the digital domain.Commenting on the launch, Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said: “The App Olympics represents another important step in developing the capabilities of the talented app developers who will help shape Dubai's ambitious future. By inspiring tomorrow’s digital talent, this competition will play a key role in bringing the wise leadership’s vision for the digital economy to life and contribute to the objectives of the Dubai Economic Agenda (D33).”Open to UAE nationals and residents of all ages from any emirate, as well as global tech startups interested in establishing a presence in Dubai, the competition enables participants to learn about app development, build mobile applications, and compete for major prizes and awards that accelerate business growth.The multi-phase challenge encourages aspiring digital entrepreneurs to submit their mobile app development ideas and benefit from expert support during their structured learning journey in the world of app development, which culminates with an exciting award ceremony that will be held during Dubai Innovation Month in February 2024.Each finalist will have the opportunity to showcase their application through a one-minute promotional video, followed by a four-minute pitch presentation. The judging panel will feature leading experts from sectors including banking, venture capital, government entities, and the private sector. Each project submitted will be evaluated, with the top performers selected to compete in the January qualifiers.The competition enables participants to benefit from complimentary access to a tailored package of mobile app development training modules and compete for a chance to build a fully funded application. Contestants will also receive mentorship from industry experts and have access to prototyping tools to facilitate the creation of their product. In addition, the competition provides opportunities to attend exclusive events and connect with potential investors.Led by Dubai Chamber of Digital Economy, ‘Create Apps in Dubai’ seeks to train over 1,000 Emiratis on the fundamentals of coding, building mobile applications, and business creation models through its ‘Emirati Training Academy.’ The initiative also aims to triple the number of app developers in Dubai by 2025 and will support 100 new national projects for the development of cutting-edge applications, which will be made available in digital app stores over the coming two years.Organised by Dubai World Trade Centre (DWTC) as part of GITEX Global and hosted by Dubai Chamber of Digital Economy, Expand North Star takes place at Dubai Harbour from 15-18 October. The event is set to attract over 1,800 startup exhibitors from more than 100 countries, together with around 1,000 investors with a combined total of over US$ 1 trillion under management. This year's showcase will be spread across nine exhibition halls at the waterfront venue and offers opportunities to hear from guest speakers from award-winning startups.To participate in the App Olympics, please visit:createapps.ae/en/programs/appolympics-competition
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Dubai Chamber of Digital Economy launches global entrepreneur’s guide

Dubai: Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has published a comprehensive guide for startups that aims to simplify the process of setting up a business in Dubai.‘Building Your Business in a Dynamic City: The Entrepreneur’s Guide to Business Setup in Dubai’ is designed to guide aspiring entrepreneurs through the intricacies of the emirate’s dynamic business landscape, equipping them with the information they need to make informed decisions.Launched as the chamber prepares to host Expand North Star – the world’s largest event for startups – the guide is packed with essential information for anyone considering establishing a new business in Dubai’s rapidly growing digital economy ecosystem.The UAE has outlined an ambitious strategy to double the contribution of the digital economy to the national GDP to 19.4% within the coming decade and achieve a value of US$ 140 billion by 2031. Dubai Chamber of Digital Economy aims to support these objectives by empowering aspiring entrepreneurs with the insights they need to unlock the vast potential of the emirate’s digital economy.The new guide is available to download free of charge and has been developed based on in-depth research and feedback from the business community, which highlighted the need for a convenient reference tool to assist ambitious innovators who wish to become part of Dubai’s success story.With Dubai Chamber of Digital Economy gearing up to host this year’s Expand North Star, the event offers the perfect platform to release the guide. This landmark gathering will attract the global tech community to the emirate and connect venture capitalists with unicorns, scaleups, and startups, further strengthening Dubai’s position as a leading centre for global digital capital.Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy commented: “The launch of this informative guide supports our ongoing efforts to attract and assist entrepreneurs in the digital industries to set up in Dubai, in line with the chamber’s drive to achieve the goals of the Dubai Economic Agenda (D33).”Al Gergawi added: “Ambition alone is not enough to establish a startup – it requires a thorough understanding of the local business ecosystem, legal and regulatory frameworks, and wider economic landscape. The release of this guide represents an advanced step in our journey to help entrepreneurs from across the globe successfully set up their businesses and leverage the exciting opportunities emerging in Dubai’s digital economy.”The guide commences with a section highlighting interesting facts and statistics on Dubai’s vibrant economy, future strategies, diverse talent pool, and fastest-growing sectors, before diving into useful information about key ecosystem enablers, including accelerators and incubators.This is followed by a visual guide to major investors covering pre-seed to growth stages. The publication also takes entrepreneurs through the process of how to open a business account in the emirate and features a handy list of startup-friendly local banks. The guide continues with a section dedicated to the diverse range of free zones in Dubai, which includes a map of the 28 tax-free business zones, a brief outline of the various business structures available, and an explanation of different visa types.The guide concludes with a series of comprehensive one-page set-up guides for key sectors of the digital economy, including Fintech, Digital Assets, Metaverse & Web3, AI, Cybersecurity, Software & SAAS, Healthtech, 3D printing, and Edtech. These feature step-by-step setup guides; sector-specific accelerators, incubators, and sandboxes; regulations entrepreneurs should be aware of; and a list of relevant conferences and events.Dubai Chamber of Digital Economy is committed to building the economy of the future and supporting the emirate’s dynamic startup ecosystem. The chamber is working to create the world’s most advanced digital infrastructure, enhance the contribution of the digital industries to the national economy, and attract business, talent, and investors to Dubai.‘Building Your Business in a Dynamic City: The Entrepreneur’s Guide to Business Setup in Dubai’ can be downloaded by visiting the following link:www.dubaichamberdigital.com/wp-content/uploads/2023/10/the-entrepreneurs-guide-2023.pdf
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Dubai Business Forum will explore the future of global economy

Dubai Chambers is preparing to welcome heads of state, government officials, senior business leaders, and global investors to shape the future of business at the inaugural edition of the Dubai Business Forum. The eagerly anticipated event will take place at the city’s Madinat Jumeirah from 1-2 November under the theme ‘Shifting Economic Power: Dubai and the Future of Global Trade.’Hosted under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the forum will bring together key stakeholders from the government and private sectors across the globe to explore strategic economic partnerships, develop international networks, and open new horizons for business, trade, and investments.Previously known as the Global Business Forum, the Dubai Business Forum is set to play an instrumental role in achieving the objectives of the Dubai Economic Agenda (D33). Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “Shaping the future of the business landscape requires concerted efforts from all stakeholders as we strive to enhance the emirate’s competitiveness in line with the vision of the wise leadership. The Dubai Business Forum comes as part of our efforts to drive business and investment opportunities in the emirate and paves the way for companies to unlock the exciting opportunities created by Dubai’s ambitious economic agenda.”Lootah added: “The forum will bring together key stakeholders from around the world to engage in networking, explore partnerships, and forge significant deals. This landmark event is set to further strengthen Dubai’s reputation as a leading economic capital and empower the global business community to shape a more prosperous future. We look forward to hosting inspiring interactive discussions that will open new horizons for growth in business, trade, and investments.”Underlining Dubai’s growing position as a leading capital of the global economy, the forum will bring together key stakeholders in sectors including technology, retail, finance, travel, hospitality, real estate, and healthcare. The landmark event will feature insightful discussions and interactive sessions aimed at shaping the future of business.Dubai represents the ideal destination for hosting an event of this significance due to its strategic location as a gateway for international business and trade. The emirate is recognised as a leading centre for innovation and partnerships and serves as a bridge connecting continents that enhances global cooperation and drives sustainable economic growth.The Dubai Business Forum creates a dynamic platform for collaboration between key stakeholders that will accelerate the growth of trade and investments. The event is closely aligned with Dubai Chambers’ strategic priorities, which include attracting international companies and investments to the emirate, supporting the expansion of local companies in targeted global markets, and enhancing Dubai’s favourable business environment.The Dubai Business Forum will be held at Madinat Jumeirah from 1-2 November 2023. To register, please visit register.dubaibusinessforum.com 
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UAE’s national digital economy set to grow by US$140 billion by 2031

Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has issued a recent report detailing plans to drive the emirate’s digital economy ambitions, as part of its efforts to strengthen the digital economy ecosystem in Dubai and achieve the goals of the Dubai Economic Agenda (D33).The report estimates the national digital economy will grow to well over US$140 billion in 2031, up from today’s nearly US$38 billion. The study underlined the importance of Dubai Chamber of Digital Economy’s efforts, and the collaboration between various stakeholders and digital startups, to firmly position Dubai as the next digital economy capital of the world.Published in collaboration with Entrepreneur Middle East and titled ‘Dubai’s Digital Economy and its Thriving Startup Ecosystem’, the report explains the fundamental role of the Chamber in supporting digital economy strategies and achieving the wise leadership’s objectives to cement Dubai’s position as a global capital of the digital economy.Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Chairman of Dubai Chamber of Digital Economy, said that doubling the contribution of the digital economy to the UAE’s GDP from 9.7% to over 20% by 2031, reflects Dubai’s endeavours to establish itself as a key tech hub and leading global destination for digital companies. Al Olama stressed that the UAE’s pioneering initiatives to build the economy of the future help create a world-class digital infrastructure and support the dynamic start-up ecosystem. “Our strategic plans will also focus on achieving the objectives of the Dubai Economic Agenda (D33), especially in terms of driving digital transformation, developing a sustainable business sector, and adding an average of AED100 billion per year in economic value to the emirate’s economy,” he said.“Raising the business community’s awareness about challenges and future trends is a key priority, as is highlighting the importance of digital transformation as an engine of sustainable growth for the business sector,” he added.The report provides insight into Dubai’s digital economy startups and why Dubai will become the next digital economy capital of the world. Dubai has always been known for its strong entrepreneurial spirit. Approximately 96% of all funds raised in the UAE since 2017 have been raised by startups headquartered in Dubai. In 2021, all startups across the entire country raised US$1.2 billion, the vast majority of which went to Dubai-based startups. The emirate’s startups raised more than US$2 billion in 2022, more than double the funding figures in 2021.In addition to highlighting the key strategies, drivers, and stakeholders behind Dubai’s digital economy, the report also features interviews with iconic homegrown startups, as well as recent Dubai transplants from various industries.The study goes on to reveal some of the Chamber’s upcoming plans and strategies, which include attracting 300 digital startups to Dubai by the end of 2024; attracting 100 international experts in advanced technologies; improving laws and policies that would support the growth of the digital economy; organising an international conference on the new digital economy; promoting digital transformation across national companies; and enhancing the business environment to attract global digital firms.