Dubai Chambers showcases Dubai's competitive advantages to 60 companies from Madagascar in the presence of Madagascar President
H.E. Eng. Sultan bin Saeed Al Mansoori: 'The steady growth in economic ties between Dubai and Madagascar reflects the commitment of both sides to strengthen bilateral partnerships and explore new opportunities for impactful cooperation.' 'The launch of direct flights by Emirates to Antananarivo in 2024 marked a significant milestone in boosting bilateral trade, tourism, and collaboration.'
'Dubai's non-oil trade with Madagascar increased by 90% during 2024, reaching a value of AED 1.3 billion.'
Dubai, UAE – Dubai Chambers has welcomed a delegation of 60 companies from Madagascar to explore investment opportunities and potential business partnerships during the Dubai–Madagascar Business Forum, which was held today at its headquarters. The event reaffirmed the significance of strengthening economic ties between Dubai and Madagascar and focused on advancing cooperation across high-potential trade and investment sectors.
The forum was held in the presence of H.E. Andry Rajoelina, President of the Republic of Madagascar, who led a high-level delegation featuring ministers, senior government officials, and business leaders from Malagasy enterprises.
The delegation was received by H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, and H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, together with representatives from Dubai's private sector.
In his keynote address, H.E. President Rajoelina praised Dubai's remarkable global economic status and reaffirmed his country's interest in deepening bilateral relations across several priority sectors.
During his welcome address at the forum, H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'The steady growth in economic ties between Dubai and Madagascar reflects our shared commitment to strengthening bilateral partnerships and exploring new opportunities for impactful cooperation that support sustainable economic growth. The launch of Emirates Airlines' direct service to Antananarivo, Madagascar's capital, in September 2024 marked a significant milestone in boosting bilateral trade, tourism, and collaboration.'
H.E. Al Mansoori added: 'Dubai's non-oil trade with Madagascar increased by 90% during 2024, growing from AED 692 million in 2023 to reach AED 1.3 billion. This significant leap reflects the expanding momentum of bilateral economic relations. We are committed to providing comprehensive support to develop relationships and partnerships between the business communities in Dubai and Madagascar, highlighting ways to capitalise on promising opportunities within vital sectors of mutual interest.'
During the forum, H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, delivered a comprehensive presentation outlining promising sectors for bilateral investment and trade collaboration. H.E. Lootah highlighted key investment opportunities available in Dubai for businesses and investors from Madagascar across key sectors including tourism, entertainment, logistics, real estate, information technology, and financial services.
About Dubai Chambers:
Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
an hour ago
- Mid East Info
Indian Businesses continue to top list of nationalities of new companies joining Dubai Chamber of Commerce during Q1 2025 with 4,543 new members
Pakistan came second on the list with 2,154 new members, while Egypt secured third place with 1,362 new companies. • 817 new Bangladeshi companies joined the chamber's membership, recording significant year-over-year growth of 28.5% to secure fourth place. • The United Kingdom ranked fifth in terms of new members with 678 companies. • The wholesale and retail trade sector accounted for 36.2% of new members, followed closely by the real estate, renting, and business services sector at 35.4%. Dubai, UAE – A new analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian-owned businesses topped the list of non-Emirati companies joining the chamber in Q1 2025. A total of 4,543 new members from India joined during the three-month period, representing year-over-year (YoY) growth of 4.4% and underlining the vital economic role played by Indian companies as Dubai's largest foreign business community. Pakistan followed in second place, with 2,154 new companies registering as members of the chamber during the first quarter of the year. 1,362 new Egyptian companies joined the chamber, placing the country third among the top nationalities of new member companies. The number of new companies from Bangladesh achieved significant year-over-year growth of 28.5%, with 817 new companies registering as members of the chamber. The United Kingdom ranked fifth with 678 new companies, while Syria secured sixth place on the list with 462 new member companies. Companies from Jordan claimed the seventh spot, with 350 new companies joining the chamber's membership. China ranked eighth on the list, with 347 new Chinese companies registering as members of the chamber. Türkiye secured the ninth spot with 329 new members, while Iraq came tenth with 303 new companies. New Corporate Sectors: In terms of the sectoral distribution of new member companies joining the chamber during Q1 2025, the wholesale and retail trade sector ranked first, accounting for 36.2% of new registrations. The real estate, renting, and business services sector came in second place, representing 35.4% of the total. This was followed by the construction sector in third place at 16.7%, and the social and personal services sector, which ranked fourth with 7.7%. The transport, storage, and communications sector secured fifth place on the list with 7.5%.
Mid East Info
13 hours ago
- Mid East Info
2ND INNINGS earns MA'AN certification, joins My Dubai Community App to empower seniors across the UAE
'From Clicks to Connections – Redefining Senior Living Online & Offline'. United Arab Emirates— June 23, 2025 — 2ND INNINGS, a UAE-based startup dedicated to transforming the lives of elderly individuals, has been officially granted Ma'an certification from the Authority of Social Contribution and is listed on the My Dubai Community App. The Ma'an certification establishes the startup as a trusted, government-recognized social enterprise, enhancing its credibility with families, partners, and the wider community. As the UAE continues to invest in quality-of-life improvements across all age groups, 2ND INNINGS ensures that senior citizens are not left behind. Through an affordable, digital and in-person approach, the platform is making health, movement, and companionship accessible to all — no matter their age, ability, or income level. Moreover, being listed on the My Dubai Community App enhances visibility and accessibility, enabling more seniors and families across the UAE to benefit from the services offered by 2ND INNINGS. The certification also ensures that the organization operates in full compliance with UAE regulatory standards and aligns its mission with key national priorities, including the 'Year of Community 2025'. In addition, the mission and work of 2ND INNINGS contribute meaningfully to the UAE's commitment to achieving the 'United Nations Sustainable Development Goals (SDGs)'. The startup supports SDG 3: Good Health and Well-being through its wellness and fitness programs ; SDG 4: Quality Education through workshops and lifelong learning; SDG 5: Gender Equality by creating inclusive spaces and addressing the needs of senior women; SDG 10: Reduced Inequalities by ensuring access for seniors from diverse backgrounds; SDG 11: Sustainable Cities and Communities by building age-friendly, inclusive communities; and SDG 17: Partnerships for the Goals through its collaborative model with public, private, and community partners. Empowering seniors through Accessible Wellness Programs: At the core of 2ND INNINGS is the belief that every elderly individual deserves access to health and happiness. The startup has launched an affordable membership model under its 'I Care, We Care' movement, empowering seniors to live with joy and purpose, while giving families a way to actively support their loved ones. For just AED 49/month or AED 19/month (billed yearly), members can enjoy daily digital fitness sessions, regular online or physical meetups with like-minded seniors, and a warm, supportive community, ensuring vibrant lifestyles, meaningful friendships, and better health without financial stress. Health – Online yoga classes and guided meditation for physical and mental wellbeing, Customized fitness routines are curated to meet seniors where they are—whether they're taking their first steps toward wellness or continuing a lifelong journey. Online meets – adopting the new reality, virtual meetings are set up to introduce senior citizens to each other. Groups are formed basis ethnicities and languages spoken. Where Neighbours Become Friends – Nothing can replace the human touch. Meetup's will be organized around neighbourhoods in which members live for a memorable in person experiences. Board games, quizzes and other fun activities will enhance the pleasure of social contact. 'We believe that the second phase of life can be its most joyful and meaningful chapter. Achieving Ma'an certification during the UAE's Year of Community inspires us to further strengthen our mission and contribute to a more inclusive, age-friendly society,' said Sonam Bhayani, Founder and CEO of 2ND INNINGS. Her husband Yash Bhayani, the social venture's co-founder, shares this ethos and has joined Sonam in the effort. The startup invites seniors, families, corporates, and community partners to engage with its growing platform and help shape a more connected and compassionate future for the UAE's ageing population.
Mid East Info
a day ago
- Mid East Info
In the presence of representatives from the Ministry of Justice and the Department of Legal Affairs, the winners of the Habib Al Mulla Academy Legal Research Writing Competition were announced
Habib Al Mulla Academy, in collaboration with LexisNexis and Saint Joseph University in Dubai, proudly held the awards ceremony of the first edition of the Habib Al Mulla Legal Writing Competition, a unique initiative aimed at empowering future legal minds and encouraging innovation in legislative writing. This morning's ceremony at the Waldorf Astoria DIFC was attended by legal professionals, academics, and competition finalists. The event concluded with an award presentation by Dr Juma Alfalasi from the Dubai Legal Affairs Department (DLAD), followed by closing remarks from Dr. Habib Al Mulla. We are pleased to announce the top three winners: Alia Al Marzouqi – First Place Abeer Shalish – Second Place Aseel Abu Shehab – Third Place The competition invited students from across the UAE to submit legal research papers focused on current legislative developments and innovative legal solutions. Participants were evaluated by a distinguished panel of legal academics and practitioners. It was also announced that the first-place prize has been increased to AED 20,000 in the second edition and that a new category has been introduced for legal research in the GCC countries.
