Dubai Chamber of Commerce, one of many three chambers working beneath the umbrella of Dubai Chambers, has introduced particulars of its key achievements in the course of the first 9 months of 2024. The chamber’s notable milestones mirror its success in enhancing the emirate’s beneficial enterprise setting, driving financial progress, and contributing to the objectives of the Dubai Financial Agenda (D33).
A complete of 51,561 new corporations joined as members of the chamber in the course of the first 9 months of 2024, representing year-over-year (YoY) progress of 4% in comparison with the identical interval final 12 months. The figures mirror Dubai’s rising enchantment amongst regional and international traders.
The worth of members’ exports and re-exports throughout Q1-Q3 2024 reached AED 224 billion, representing YoY progress of seven%. A complete of 578, 268 certificates of origin have been issued in the course of the nine-month interval, additionally reflecting YoY progress of seven%. As well as, 3,259 ATA Carnets have been issued and acquired for items with a mixed worth of greater than AED 2 billion.
His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “Guided by the imaginative and prescient of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai is constant to cement its place as a number one international hub for commerce and investments, whereas enhancing the competitiveness of its business-friendly setting to draw overseas direct funding.”
His Excellency added: “We’re dedicated to doubling our efforts to help Dubai’s sustainable financial growth journey in collaboration with companions from the private and non-private sectors. The chamber stays devoted to selling enterprise progress, safeguarding the pursuits of the enterprise neighborhood, attracting overseas direct funding, and creating extra alternatives for corporations working within the emirate to broaden and obtain sustainable develop each regionally and internationally.”
Supporting the Enterprise Group
Dubai Chamber of Commerce reviewed 154 legal guidelines and draft legal guidelines in cooperation with Enterprise Teams throughout Q1-Q3 2024, with the ensuing suggestions attaining an adoption fee of 46%. A complete of 146 conferences have been held with Enterprise Teams and Enterprise Councils throughout this era together with Annual Common conferences. The chamber additionally facilitated 69 conferences between Enterprise Teams and Councils and key authorities entities and established seven new Enterprise Councils representing the pursuits of traders from Costa Rica, Greece, Poland, Mexico, Colombia, Kazakhstan, and Georgia.
As well as, the chamber acquired 131 mediation circumstances throughout Q1-Q3 2024, representing YoY progress of 27% in comparison with the 103 circumstances acquired in the identical interval final 12 months.
Advancing Sustainability
To advertise company sustainability, Dubai Chamber of Commerce launched a brand new Environmental, Social, and Governance (ESG) label in the course of the first 9 months of this 12 months. Developed by the chamber’s Middle for Accountable Enterprise, is designed to assist organisations consider their ESG readiness and maturity ranges and promote sustainable enterprise progress.
Enhancing Authorized Consciousness
As a part of its efforts to lift consciousness amongst corporations concerning updates on business-related legal guidelines and rules, Dubai Chamber of Commerce organised 27 authorized occasions in the course of the first 9 months of this 12 months. The occasions, which have been attended by 2,111 representatives from non-public sector corporations throughout numerous industries, sought to make sure compliance with rules governing the enterprise panorama and promote the adoption of finest practices.
Supporting Competitiveness of Household Companies
The Dubai Centre for Household Companies, which operates beneath the umbrella of Dubai Chambers, elevated its efforts to help the sustainability, competitiveness, and continuity of household companies. Throughout the first 9 months of this 12 months, the centre organised 4 occasions as a part of its governance collection that have been attended by 201 contributors. The classes lined key matters together with succession planning fashions and methods; the usage of waqf, foundations, and trusts in in household companies; the significance of governance; and the function of girls in enhancing the sustainability of household companies.
The centre additionally issued 4 informative toolkits on household workplaces, household charters, household enterprise foundations, and company governance for household companies. 31 contributors graduated from the primary cohort of the Dubai Household Enterprise Administration Programme, and 10 contributors have been licensed by the centre’s advisor certification programmes.
As well as, 38 contributors from the primary and second cohorts of the Subsequent-Gen Household Companies Coaching Programme acquired coaching. The centre additionally launched a web based library containing round 2,000 numerous instructional assets, together with movies, webinars, articles, podcasts, and analysis stories designed particularly for household companies.
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