Latest news with #SultanbinSaeedAlMansoori
Canada Standard
4 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
5 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
Dubai Eye
5 days ago
- Business
- Dubai Eye
Dubai International Chamber opens representative office in Toronto
Dubai International Chamber has launched a new representative office in Canada's Toronto, as it aims to bolster economic ties and explore avenues of increased investment 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 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 per cent. 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
29-05-2025
- Business
- Hi Dubai
Dubai Chambers Strengthens Trade and Investment Ties with the European Union
Dubai Chambers hosted a high-level roundtable on Wednesday with senior European Union officials to deepen trade and investment cooperation between Dubai and EU member states. Led by Maroš Šefčovič, European Commissioner for Trade and Economic Security, the delegation met with top UAE officials including Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, and Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The meeting brought together public and private sector leaders from both regions to discuss strategic collaboration in sectors aligned with economic diversification. Dr. Al Zeyoudi highlighted the EU's position as the UAE's second-largest trading partner, stressing the importance of building robust platforms for private-sector engagement. 'This roundtable is an opportunity to strengthen business ties and unlock new areas for growth,' he said. Al Mansoori reinforced Dubai's commitment to supporting European businesses and positioning the city as a gateway to broader markets. 'We are focused on fostering partnerships that support sustainable economic development on both sides,' he noted. Dubai's trade with EU countries reached AED 206 billion in non-oil transactions in 2024, marking an 8% annual increase. The emirate also attracted 380 FDI projects from EU nations last year, totaling AED 11.3 billion—a 106% surge in investment value. Dubai's outbound investments into EU markets between 2020 and 2024 stood at AED 9.5 billion, generating 8,000 jobs. Meanwhile, membership of EU firms in the Dubai Chamber of Commerce rose by 27% year-over-year, with 4,693 new European companies joining in 2024 alone. The roundtable underscores Dubai's role as a growing global hub for European investors seeking long-term strategic partnerships. News Source: Emirates News Agency
Hi Dubai
28-05-2025
- Business
- Hi Dubai
Dubai Chambers Organises Dubai–Madagascar Business Forum
Dubai Chambers hosted a high-level delegation of 60 Malagasy companies at its headquarters today, marking a major step forward in strengthening economic relations between Dubai and Madagascar. The Dubai–Madagascar Business Forum brought together top government officials, ministers, and business leaders from both sides. The event was held in the presence of Andry Rajoelina, President of Madagascar, who expressed his country's strong interest in expanding bilateral cooperation across key sectors. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, welcomed the delegation alongside President and CEO Mohammad Ali Rashed Lootah and several representatives from Dubai's private sector. Al Mansoori highlighted the 90% surge in non-oil trade between the two markets in 2024, which jumped from AED 692 million in 2023 to AED 1.3 billion. He also pointed to the upcoming launch of Emirates Airlines' direct flights to Antananarivo in September 2024 as a major enabler for future trade, tourism, and business growth. In his address, President Rajoelina praised Dubai's global economic standing and reiterated Madagascar's commitment to enhancing ties in sectors such as tourism, logistics, real estate, technology, and financial services. Lootah presented a detailed overview of investment opportunities in Dubai, encouraging Malagasy companies to explore the emirate's diverse and rapidly growing economic landscape. The forum underscored a shared commitment to driving sustainable economic partnerships and unlocking new avenues for collaboration between the two business communities. News Source: Emirates News Agency
