Latest news with #DubaiChambers
Hi Dubai
2 days ago
- Business
- Hi Dubai
Dubai Chambers Strengthens Trade Ties as Uzbek Delegation Explores Investment Opportunities
Dubai Chambers hosted a high-level Uzbek delegation on Wednesday, led by Uzbekistan's Minister of Investment, Industry, and Trade, H.E. Laziz Kudratov, to explore avenues for deepening economic cooperation during the Dubai-Uzbekistan Business Seminar. The event brought together around 100 business leaders and senior government officials from both nations, creating a platform to boost bilateral trade and investment. Discussions centered on expanding commercial ties and leveraging synergies between the two markets. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, underscored the importance of building on the growing trade momentum. 'We are eager to explore new paths for collaboration and investment to drive mutual economic growth,' he said, reaffirming the Chamber's support for Uzbek businesses looking to scale globally through Dubai. The seminar featured presentations on market opportunities in both Dubai and Uzbekistan, with a shared focus on increasing trade flows. In 2024, non-oil trade between Dubai and Uzbekistan surged by 66% to exceed AED 11.1 billion. Key Uzbek exports to Dubai include precious stones, zinc, fruits, and copper, while Dubai exports electronics, vehicles, and cosmetics to Uzbekistan. Both sides explored ways to expand this exchange, aligning with their respective economic strengths. Uzbek business presence in Dubai is also rising. Over 700 Uzbek firms were active members of the Dubai Chamber of Commerce by the end of 2024 — a 34.5% increase year-on-year — with over 60 new companies joining in Q1 2025 alone. News Source: Dubai Media Office
Zawya
2 days ago
- Business
- Zawya
Dubai Chambers hosts Dubai-Uzbekistan Business Seminar
H.E. Mohammad Ali Rashed Lootah: ' Today's seminar creates a valuable opportunity to further build upon the impressive growth in trade between Dubai and Uzbekistan. ' Non-oil trade between Dubai and Uzbekistan achieved annual growth of 66% during 2024 to exceed AED 11.1 billion. The meeting focused on strengthening collaboration, supporting business expansion, and increasing bilateral trade and investments. Dubai, UAE – Dubai Chambers welcomed a high-level delegation from Uzbekistan today led by H.E. Laziz Kudratov, Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, to participate in the Dubai-Uzbekistan Business Seminar. The event, attended by around 100 businessmen, served as a platform to strengthen economic cooperation and explore opportunities to increase bilateral trade and investments. The seminar was attended by senior government officials from Uzbekistan, together with deputy ministers and governors of key Uzbek regions and prominent figures from the Dubai and Uzbekistan business communities. His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Today's seminar creates a valuable opportunity to further build upon the impressive growth in trade between Dubai and Uzbekistan. We are eager to explore new paths for collaboration and investment to drive mutual economic growth. Dubai Chambers remains committed to supporting Uzbek companies in leveraging Dubai's world-class infrastructure and strategic location to accelerate their international expansion.' His Excellency emphasised Dubai Chambers' dedication to supporting the success of the Uzbek business community in Dubai and assisting Uzbek companies in harnessing the emirate's competitive advantages as a hub for connecting with global opportunities. The seminar included presentations on the business and investment landscapes in both Dubai and Uzbekistan, exploring mutually beneficial synergies and promising opportunities in both markets. Discussions also focused on increasing bilateral trade and investments between the two markets. The value of non-oil trade between Dubai and Uzbekistan achieved annual growth of 66% during 2024 to exceed AED 11.1 billion. Key Uzbek exports to Dubai include precious stones and metals, zinc, fruit and nuts, and copper, while Dubai's main exports to Uzbekistan include electronics, machinery, vehicles, precious stones and metals, and perfumes and cosmetics. During the event, the two sides discussed opportunities to boost trade exchange in line with the strengths and areas of high potential in both economies. The sessions during the event also highlighted the strong and growing presence of Uzbek companies in Dubai. By the end of 2024, over 700 Uzbek companies were registered as active members of the Dubai Chamber of Commerce, marking a robust year-over-year growth rate of 34.5%. This upward trajectory has continued into 2025, with over 60 new Uzbek companies joining the chamber during the first quarter alone, bringing fresh momentum to bilateral business ties. 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. Follow us on: For more information, please contact: Mohamad Mouzehem PR & Corporate Communications Email:
Mid East Info
2 days ago
- Business
- Mid East Info
Dubai International Chamber establishes new international representative office in Toronto to boost trade and investments with Canada
H.E. Eng. Sultan Bin Saeed Al Mansoori: 'We are committed to helping Canadian businesses leverage Dubai's strategic location and competitive advantages as a gateway to global growth.' Non-oil trade between Dubai and Canada exceeded AED 10.2 billion in 2024. 4,112 active Canadian companies registered as members with Dubai Chamber of Commerce by the end of 2024, registering an annual growth of 29% Dubai, UAE – Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has officially launched a new representative office in Toronto, Canada. The strategic move reflects the chamber's commitment to bolstering economic ties and exploring avenues to increase bilateral trade and investments between Dubai and Canada. The office was inaugurated during a ribbon-cutting ceremony in Toronto in the presence of the Honourable Maninder Sidhu, Minister of International Trade for Canada, together with H.E. Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers, H.E. Abdulrahman Al Neyadi, Ambassador of the United Arab Emirates to Canada, and members of the Canadian business community. The opening further strengthens the chamber's expanding global network and is considered the first representative office in North America. The new office comes as part of the 'Dubai Global' initiative, which seeks to establish 50 representative offices around the world by 2030. H.E. Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers, commented: 'The launch of our new office in Toronto marks a significant milestone in strengthening the economic ties between Dubai and Canada. The office will serve as a strategic platform to connect businesses, facilitate investment flows, and open new channels for bilateral trade. We are committed to helping Canadian businesses leverage Dubai's strategic location and competitive advantages as a gateway to global growth.' The launch of the Toronto office comes at a time of strong and growing business relations between Canada and Dubai, with the value of non-oil bilateral trade exceeding AED 10.2 billion last year. By the end of 2024, a total of 4,112 Canadian companies were registered as active members of Dubai Chamber of Commerce, representing annual growth of 29%. This momentum has continued into 2025, with 289 new Canadian companies joining during the first quarter. The Toronto representative office will serve as a vital resource for businesses in both Dubai and Canada. The chamber's team will actively engage with the Canadian business community, cultivate strategic partnerships with key public and private sector stakeholders, and promote Dubai's unique advantages as a global business destination. The office will provide Canadian companies with valuable market intelligence and practical support to establish and grow their presence in Dubai. In addition, it will assist Dubai-based businesses looking to expand into the Canadian market by offering targeted insights, identifying high-potential trade and investment opportunities, and connecting them with reliable local partners to ensure a smooth and successful market entry. About Dubai International Chamber: Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, was established to promote Dubai as a global business hub, attract multinational companies and expand the emirate's trade ties with promising markets. The chamber is dedicated to achieving the objectives of the Dubai Economic Agenda (D33), which aims to double the size of the emirate's economy and establish Dubai among the top three global cities by 2033.
Canada Standard
2 days ago
- Business
- Canada Standard
Dubai International Chamber establishes new international representative office in Toronto
DUBAI, 18th June, 2025 (WAM) -- Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has officially launched a new representative office in Toronto, Canada. The strategic move reflects the chamber's commitment to bolstering economic ties and exploring avenues to increase bilateral trade and investments between Dubai and Canada. The office was inaugurated during a ribbon-cutting ceremony in Toronto in the presence of Maninder Sidhu, Minister of International Trade for Canada, together with Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, Abdulrahman Al Neyadi, Ambassador of the UAE to Canada, and members of the Canadian business community. The opening further strengthens the chamber's expanding global network and is considered the first representative office in North America. The new office comes as part of the 'Dubai Global' initiative, which seeks to establish 50 representative offices around the world by 2030. Al Mansoori commented, "The launch of our new office in Toronto marks a significant milestone in strengthening the economic ties between Dubai and Canada. The office will serve as a strategic platform to connect businesses, facilitate investment flows, and open new channels for bilateral trade. We are committed to helping Canadian businesses leverage Dubai's strategic location and competitive advantages as a gateway to global growth." The launch of the Toronto office comes at a time of strong and growing business relations between Canada and Dubai, with the value of non-oil bilateral trade exceeding AED10.2 billion last year. By the end of 2024, a total of 4,112 Canadian companies were registered as active members of Dubai Chamber of Commerce, representing annual growth of 29%. This momentum has continued into 2025, with 289 new Canadian companies joining during the first quarter. The Toronto representative office will serve as a vital resource for businesses in both Dubai and Canada. The chamber's team will actively engage with the Canadian business community, cultivate strategic partnerships with key public and private sector stakeholders, and promote Dubai's unique advantages as a global business destination. The office will provide Canadian companies with valuable market intelligence and practical support to establish and grow their presence in Dubai. In addition, it will assist Dubai-based businesses looking to expand into the Canadian market by offering targeted insights, identifying high-potential trade and investment opportunities, and connecting them with reliable local partners to ensure a smooth and successful market entry.
Hi Dubai
3 days ago
- Business
- Hi Dubai
Dubai International Chamber Opens Toronto Office to Boost Trade with Canada
Dubai International Chamber has opened its first North American office in Toronto, signaling a major step in strengthening economic ties between Dubai and Canada. The move is part of Dubai's broader push to expand global trade under the 'Dubai Global' initiative. The new office was launched during an official ceremony attended by Canadian Minister of International Trade Maninder Sidhu, Dubai Chambers Chairman Eng. Sultan bin Saeed Al Mansoori, UAE Ambassador Abdulrahman Al Neyadi, and members of the Canadian business community. Set to function as a strategic bridge, the Toronto office will help connect businesses in both markets, promote Dubai as a global gateway for growth, and facilitate investment and trade opportunities. It will also support Canadian companies looking to enter the Dubai market by providing tailored insights and on-the-ground assistance. The launch comes amid rising commercial activity between the two economies. In 2024, non-oil bilateral trade between Dubai and Canada exceeded AED 10.2 billion. Dubai Chamber of Commerce registered 4,112 Canadian companies by the end of the year, with 289 new businesses joining in Q1 2025 alone. Dubai International Chamber aims to establish 50 international offices by 2030. The Toronto office represents a key milestone in this effort, positioning both cities for deeper economic cooperation in the years ahead. News Source: Emirates News Agency
