Dubai Customs, Dubai Chambers discuss joint support for Dubai Economic Agenda

DMO

Dubai Customs has welcomed a high-level delegation from Dubai Chambers, where they discussed ways to collaborate towards achieving the goals of the Dubai Economic Agenda.

This agenda, directed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, seeks to double Dubai's economic size in the next decade and establish it among the top three global economic cities by creating an ideal investment environment that strengthens Dubai's economic stability.

The delegation was received by Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, along with Jumaa Al Ghaith, Advisor to the Director General, and the executive directors and department heads of the organization. Leading the Dubai Chambers delegation was Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, accompanied by several chamber officials.

During the meeting, they reviewed the strategic priorities of Dubai Chambers, focusing on enhancing the business environment to stimulate growth in Dubai, attracting global companies and investments, supporting local businesses in expanding into promising international markets, and developing Dubai's digital economy. They also discussed the ambitious plans of the three chambers under Dubai Chambers' umbrella, which include Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy.

Additionally, the discussion covered joint initiatives between Dubai Customs and Dubai Chambers to develop new services, reinforce Dubai's regional and global economic and trade standing, and support the city's ease of doing business ranking. These efforts aim to empower the new generation of Dubai traders across various key sectors and support their global business expansion in line with the Dubai Economic Agenda.

Dr. Abdulla Mohammed Busenad, Director General of Dubai Customs, emphasised the significance of collaborative efforts to enhance sustainable economic development following the directives of the Dubai government to boost foreign investment in economic activities, facilitate trade processes to increase Dubai's non-oil foreign trade value, and fully utilize the emirate's strategic position in global trade with its leading customs and logistics services.

He reaffirmed Dubai Customs' dedication to strengthening cooperation with strategic partners, local entities, and the business and trade sectors to solidify Dubai's advanced position in global competitiveness indices.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the strong and successful partnership with Dubai Customs, which is essential for the growth and development of services provided to the business sectors.

He commended the partnership's role in enhancing the business-friendly environment in the emirate and cementing its reputation as a global economic capital and a major trade hub. He confirmed Dubai Chambers' commitment to enhancing efforts to achieve its strategic priorities, which are aligned with Dubai's strategic plans and economic agenda.

More from Business News

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

On Virgin Radio today

  • Avery

    11:00am - 2:00pm

    Best day of the week, we're playing the music!

  • Maz Hakim

    2:00pm - 6:00pm

    The biggest hits for Saturday afternoon

Trending on Virgin Radio