28.8 C
Dubai
Friday, November 22, 2024
spot_img

Dubai Chamber of Commerce sees 69% surge in new members

[ad_1]

The Dubai Chamber of Commerce said more than 27,100 companies joined as new members in the first eight months of 2022, up 69% year-on-year, bringing the total number of members to more than 314,000.

Between January and August 2022, member exports and re-exports increased by more than 20% year-on-year to AED177 billion ($47 billion).

From January 2022 to August 2022, the Chamber of Commerce issued a total of more than 476,000 certificates of origin, a year-on-year increase of 9.8%. The Chamber issued a total of 2,674 ATA Carnets, an international customs document that allows temporary importation of goods for a year without any fees or taxes, received by the UAE, up 22.2 percent year-on-year, worth AED1.33 billion.

Meanwhile, the Chamber processed more than 642,000 electronic transactions, an increase of 12.7% year-on-year, following the 100% digital transformation of the Chamber’s core services and the organization’s successful goal of achieving Dubai’s paperless strategy.

Abdul Aziz Al Ghurair, Chairman of Dubai Chamber of Commerce, noted that this growth reflects the positive impact of Dubai Chamber of Commerce’s professional approach in supporting member companies in their global expansion and improving the ease of doing business in Dubai. He explained that these efforts have enhanced the Dubai Chamber’s ability to serve the business community and identify attractive trade opportunities with potential for member companies.

Furthermore, he expressed optimism that as the Dubai Chamber of Commerce progresses towards the goals outlined in its 2022-2024 strategy, while continuing to roll out strategic initiatives to enhance economic competitiveness, attract promising businesses to Dubai and expand the emirate’s relationship with Trade links in high potential markets. – arab trade news agency

[ad_2]

Source link

Related Articles

Gusteau Foods Transforming the Food Industry with Passion and Innovation

In a world where the demand for convenience and quality often seem at odds, Gusteau Foods Pvt Ltd, led by the visionary entrepreneur Karthick...

With an eye towards its IPO on Nasdaq and Euronext, AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets...

AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets (GEM) About AAD Invest Group – Nov 2024 Founded in January 2024...

The Banyan Tee – Merging Fandom, Innovation, and Ethics in Fan Merchandise

In an era where fan culture shapes much of our identity and lifestyle, The Banyan Tee offers a unique approach, combining sustainability with a...

BRICS+ Set to Outpace G7 by 2026: A New Era of Economic Power and Global Influence

BRICS+ group, consisting of Brazil, Russia, India, China, and South Africa, alongside a handful of newly integrated nations, is on the brink of a...

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Latest Articles