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On the one-year anniversary of the signing of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the India-UAE Business Council has launched a UAE chapter to further promote economic ties between the two countries and improve bilateral trade.
The UIBC-UAE Chapter will work as a counterpart to the UIBC India Chapter, which was established in New Delhi on 3 September 2015 during the 11th meeting of the India-UAE Joint Committee, chaired by UAE Minister of Foreign Affairs and International Cooperation, Sheikh Abdullah bin Zayed Al Nahyan with then-Indian Foreign Minister Sushma Swaraj.
according to Year, UIBC-UC is a legal financial entity registered with the Dubai Chamber of Commerce. The pan-UAE body will operate under the umbrella of the Federation of UAE Chambers of Commerce and Industry.
Founding members of the UIBC UAE Chapter include Mubadala, UAE Sovereign Wealth Fund, DP World, Emirates Airline, Wizz Financial, EMAAR and Emirates NBD Bank. India chapters include TATA, Reliance, Adani, OLA, Zerodha, Udaan, EaseMyTrip, Apparel Group, Lulu Financial, KEF Holdings and Buimerc Corporation.
With offices in Abu Dhabi, council membership is by invitation only.
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