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Web Release
3 days ago
- Business
- Web Release
Over 35,000 new companies became members of Dubai Chamber of Commerce during H1 2025 representing year-over-year growth of 4%
Over 35,000 new companies became members of Dubai Chamber of Commerce during H1 2025 representing year-over-year growth of 4% Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced its key achievements for the first half of 2025. The results reflect the chamber's continued efforts to enhance the competitiveness of Dubai's business environment and contribute to the goals of the Dubai Economic Agenda (D33). The chamber welcomed 35,532 new member companies during the first six months of 2025, marking a 4% year-over-year (YoY) growth. This steady increase reflects the continuing attractiveness of Dubai's business environment among the global business community and the sustained inflow of foreign direct investment. The value of members' exports and re-exports reached AED 171.9 billion during H1 2025, representing an 18% increase compared to the same period last year. The chamber also issued 409,083 Certificates of Origin, up 10% from H1 2024, and issued and received 2,961 ATA Carnets for goods valued at around AED 1.94 billion. H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, commented: 'Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the emirate continues to strengthen its position as a leading global centre for trade and investment. Dubai's integrated business ecosystem plays a pivotal role in reinforcing investor confidence in the positive outlook of the national economy.' H.E. Al Mansoori added: 'We are committed to empowering the local business community by shaping a regulatory and legislative environment that fosters growth, creates opportunities, and supports the development of priority sectors. The chamber will continue to strengthen its efforts to enhance public-private partnerships, which form a key pillar in achieving the goals of the D33 Agenda.' Supporting Global Expansion The chamber successfully supported the expansion of 60 local companies into new global markets during H1 2025, achieving 76% growth compared to 34 companies supported during the same period in 2024. As part of its 'New Horizons' initiative, which enables Dubai-based companies to join targeted trade missions and explore opportunities in global markets, the chamber organised two missions to Southeast Asia and Africa. Encompassing visits to Thailand, the Philippines, Angola, and Mozambique, these resulted in 1,076 B2B meetings between Dubai companies and their counterparts in the four markets. Strengthening the Legislative Ecosystem During H1 2025, the chamber reviewed 27 laws and draft laws in collaboration with Business Groups. The private sector's recommendations achieved a 60% adoption rate, up from 46% in H1 2024. It also arranged 98 meetings with Business Groups and Business Councils, representing YoY growth of 104%. In addition, the chamber established five new Business Councils during the first half of the year representing the interests of investors from Brazil, Slovakia, Peru, Indonesia, and Hungary. As part of its ongoing efforts to raise legal awareness, the chamber organised 19 legal events attended by 1,414 participants from the business community. These included a series of seminars and workshops highlighting the latest developments in the legislative landscape. The chamber received a total of 94 mediation cases during the first half of the year, representing YoY growth of 19%. The combined value of these cases exceeded AED 213.5 million. Dubai Centre for Family Businesses The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, continued its mission to ensure the sustainability and growth of family enterprises. In partnership with Dubai's Department of Economy and Tourism, the centre released 'Family Businesses in the Emirate of Dubai: A Guidebook,' an informative guide outlining best practices for preserving family wealth and ensuring long-term continuity and growth. The centre hosted two events as part of its 'Governance Series.' The first showcased an international case study on intergenerational business continuity, while the second explored strategies for building a lasting legacy for family businesses. As part of the centre's Next-Gen Training Programme, a workshop was held to enhance the skills of the next generation of family business leaders in generative AI prompt engineering. The centre also conducted a media training session for family business representatives to strengthen their public presence and reinforce their reputations, supporting efforts to highlight the legacy and achievements of family businesses in Dubai.
Hi Dubai
3 days ago
- Business
- Hi Dubai
Dubai Chamber of Commerce Welcomes Over 35,000 New Companies in H1 2025
Dubai Chamber of Commerce, operating under the umbrella of Dubai Chambers, recorded strong growth in the first half of 2025, welcoming 35,532 new member companies — a 4% year-on-year increase. The results underscore Dubai's continued appeal to global investors and its role in advancing the goals of the Dubai Economic Agenda (D33). The value of members' exports and re-exports reached AED 171.9 billion during the period, up 18% from H1 2024. The chamber issued 409,083 Certificates of Origin, marking a 10% rise, and processed 2,961 ATA Carnets for goods worth AED 1.94 billion. H.E. Eng. Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, said the results reflect Dubai's integrated business ecosystem and investor confidence. We are committed to shaping a regulatory and legislative environment that fosters growth, creates opportunities, and supports priority sectors, he noted, adding that public-private partnerships remain a core pillar in achieving the D33 Agenda. The chamber also played a pivotal role in supporting the international expansion of local businesses, assisting 60 companies to enter new global markets — a 76% increase over last year. Through its 'New Horizons' initiative, two trade missions to Southeast Asia and Africa facilitated 1,076 B2B meetings in Thailand, the Philippines, Angola, and Mozambique. Efforts to strengthen the legislative environment saw the chamber review 27 laws and draft laws with Business Groups, achieving a 60% adoption rate for private sector recommendations. It also established five new Business Councils representing Brazil, Slovakia, Peru, Indonesia, and Hungary, and organised 98 meetings with business groups — more than double the previous year. In legal and dispute resolution efforts, the chamber hosted 19 legal awareness events for over 1,400 participants and handled 94 mediation cases worth AED 213.5 million, up 19% year-on-year. The Dubai Centre for Family Businesses continued to support the sustainability of family enterprises, launching a comprehensive guidebook in partnership with the Department of Economy and Tourism. Initiatives included governance-focused events, next-generation leadership training in AI prompt engineering, and media skills development. Dubai Media Office
Gulf Today
3 days ago
- Business
- Gulf Today
Over 35,000 new companies join Dubai Chamber of Commerce in H1 2025
Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced its achievements for the first half of 2025. The chamber welcomed 35,532 new member companies during the first six months of 2025, marking a 4 per cent year-over-year (YoY) growth. The value of members' exports and re-exports reached Dhs171.9 billion during H1 2025, representing an 18 percent increase compared to the same period last year. The chamber also issued 409,083 Certificates of Origin, up 10 percent from H1 2024, and issued and received 2,961 ATA Carnets for goods valued at around Dhs1.94 billion. Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers, commented, 'Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the emirate continues to strengthen its position as a leading global centre for trade and investment. Dubai's integrated business ecosystem plays a pivotal role in reinforcing investor confidence in the positive outlook of the national economy.' He added, 'We are committed to empowering the local business community by shaping a regulatory and legislative environment that fosters growth, creates opportunities, and supports the development of priority sectors. The chamber will continue to strengthen its efforts to enhance public-private partnerships, which form a key pillar in achieving the goals of the D33 Agenda.' The chamber successfully supported the expansion of 60 local companies into new global markets during H1 2025, achieving 76 percent growth compared to 34 companies supported during the same period in 2024. As part of its 'New Horizons' initiative, which enables Dubai-based companies to join targeted trade missions and explore opportunities in global markets, the chamber organised two missions to Southeast Asia and Africa. Encompassing visits to Thailand, the Philippines, Angola, and Mozambique, these resulted in 1,076 B2B meetings between Dubai companies and their counterparts in the four markets. During H1 2025, the chamber reviewed 27 laws and draft laws in collaboration with Business Groups. The private sector's recommendations achieved a 60 per cent adoption rate, up from 46 per cent in H1 2024. It also arranged 98 meetings with Business Groups and Business Councils, representing YoY growth of 104 per cent. In addition, the chamber established five new Business Councils during the first half of the year, representing the interests of investors from Brazil, Slovakia, Peru, Indonesia, and Hungary. The chamber also organised 19 legal events attended by 1,414 participants from the business community. These included a series of seminars and workshops highlighting the latest developments in the legislative landscape. The chamber received a total of 94 mediation cases during H1, representing YoY growth of 19 percent. The combined value of these cases exceeded Dhs213.5 million. The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, continued its mission to ensure the sustainability and growth of family enterprises. In partnership with Dubai's Department of Economy and Tourism, the centre released 'Family Businesses in the Emirate of Dubai: A Guidebook,' an informative guide outlining best practices for preserving family wealth and ensuring long-term continuity and growth. WAM
Al Etihad
3 days ago
- Business
- Al Etihad
Over 35,000 new companies became members of Dubai Chamber of Commerce during H1 2025
12 Aug 2025 12:35 DUBAI (ALETIHAD)Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, announced on Tuesday its key achievements for the first half of 2025. The results reflect the chamber's continued efforts to enhance the competitiveness of Dubai's business environment and contribute to the goals of the Dubai Economic Agenda (D33).The chamber welcomed 35,532 new member companies during the first six months of 2025, marking a 4% year-over-year (YoY) growth. This steady increase reflects the continuing attractiveness of Dubai's business environment among the global business community and the sustained inflow of foreign direct value of members' exports and re-exports reached Dh 171.9 billion during H1 2025, representing an 18% increase compared to the same period last year. The chamber also issued 409,083 Certificates of Origin, up 10% from H1 2024, and issued and received 2,961 ATA Carnets for goods valued at around Dh 1.94 Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers, commented: 'Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, the emirate continues to strengthen its position as a leading global centre for trade and investment. Dubai's integrated business ecosystem plays a pivotal role in reinforcing investor confidence in the positive outlook of the national economy.'Al Mansoori added: 'We are committed to empowering the local business community by shaping a regulatory and legislative environment that fosters growth, creates opportunities, and supports the development of priority sectors. The chamber will continue to strengthen its efforts to enhance public-private partnerships, which form a key pillar in achieving the goals of the D33 Agenda.' Supporting Global Expansion The chamber successfully supported the expansion of 60 local companies into new global markets during H1 2025, achieving 76% growth compared to 34 companies supported during the same period in part of its 'New Horizons' initiative, which enables Dubai-based companies to join targeted trade missions and explore opportunities in global markets, the chamber organised two missions to Southeast Asia and Africa. Encompassing visits to Thailand, the Philippines, Angola, and Mozambique, these resulted in 1,076 B2B meetings between Dubai companies and their counterparts in the four markets. Strengthening the Legislative Ecosystem During H1 2025, the chamber reviewed 27 laws and draft laws in collaboration with Business Groups. The private sector's recommendations achieved a 60% adoption rate, up from 46% in H1 2024. It also arranged 98 meetings with Business Groups and Business Councils, representing YoY growth of 104%.In addition, the chamber established five new Business Councils during the first half of the year, representing the interests of investors from Brazil, Slovakia, Peru, Indonesia, and part of its ongoing efforts to raise legal awareness, the chamber organised 19 legal events attended by 1,414 participants from the business community. These included a series of seminars and workshops highlighting the latest developments in the legislative chamber received a total of 94 mediation cases during the first half of the year, representing YoY growth of 19%. The combined value of these cases exceeded Dh 213.5 million. Dubai Centre for Family Businesses The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, continued its mission to ensure the sustainability and growth of family enterprises. In partnership with Dubai's Department of Economy and Tourism, the centre released 'Family Businesses in the Emirate of Dubai: A Guidebook,' an informative guide outlining best practices for preserving family wealth and ensuring long-term continuity and centre hosted two events as part of its 'Governance Series.' The first showcased an international case study on intergenerational business continuity, while the second explored strategies for building a lasting legacy for family businesses. As part of the centre's Next-Gen Training Programme, a workshop was held to enhance the skills of the next generation of family business leaders in generative AI prompt engineering. The centre also conducted a media training session for family business representatives to strengthen their public presence and reinforce their reputations, supporting efforts to highlight the legacy and achievements of family businesses in Dubai.
Focus Malaysia
09-07-2025
- Business
- Focus Malaysia
New US tariff threats loom, but Malaysia remains resilient in ASEAN trade race
MALAYSIA'S re-export activities have demonstrated a significant increase, constituting approximately 19-22% of total exports in 2023-2024, a notable rise from 13-14% observed in 2015-2016. This upward trend suggests an enhanced role for Malaysia as a trans-shipment hub, potentially influenced by intensified US-China trade tensions. The United States remains a key destination for these re-exports, accounting for an estimated 5.0-6.0% of the total and ranking as the fifth largest recipient. In 2024, Malaysia mainly exports manufactured goods to the US (98.1%), followed by mining (0.1%) and agriculture (1.8%). Under the E&E segment, semiconductors account for just 24% of the broader category. This underscores the limited diversification of Malaysia's exports to the US, which are heavily concentrated in manufactured goods, particularly E&E products. Nonetheless, the high share of E&E imports reflects Malaysia's integral role in the global electronics supply chain, especially in semiconductor packaging and testing. The US remains Malaysia's third-largest trading partner. Specifically, if Malaysia were to secure a transhipping tariff rate below the 20% that currently applies to overall goods from Vietnam (and certainly below the 40% rate imposed on specific 'transhipping' activities as seen with Vietnam), it could substantially enhance its competitive advantage. Such a favourable rate would make Malaysia an even more attractive intermediary for international trade flows destined for the US, particularly when compared to Vietnam's current tariff environment. This could potentially lead to a significant increase in Malaysia's re-export volumes, further solidifying its position in global supply chains. Furthermore, this enhanced trade activity would directly benefit associated domestic sectors, including logistics, warehousing, and trade facilitation services, driving economic growth and creating new opportunities within the country. While Vietnam exhibits a very strong correlation, a similar analysis for Malaysia reveals that its imports from China and subsequent exports to the US also demonstrate a notable relationship. A correlation study between China's imports to Malaysia and Malaysia's exports to the US yielded a high correlation of 78.7%, also with a strong one-month lag impact. This indicates that these two series are highly sensitive to each other, though to a lesser extent than observed with Vietnam. The slightly lower correlation for Malaysia (78.7% compared to Vietnam's 95.7%) suggests that while re-export of Chinese products through Malaysia to the US is still significant. Nevertheless, this strong positive correlation for Malaysia also suggests a significant re-export of Chinese products through Malaysia to the US. To enhance the integrity of trade flows and mitigate illicit transhipment, Malaysia's Ministry of International Trade and Industry (MITI) has taken a decisive step to centralise the issuance of Certificates of Origin for all exports destined for the US. Effective in May-25, the authority to issue these crucial documents, which verify a product's origin for customs and trade requirements, will be exclusively held by MITI, discontinuing the previous practice of delegation to business councils, chambers, or associations. This stringent measure directly addresses concerns regarding the potential misuse of Malaysia as a conduit for third-country goods, particularly those from China, seeking to circumvent US tariffs. By tightening control over origin documentation, Malaysia aims to bolster transparency and credibility in its trade with the US, thereby fostering stronger, more reliable bilateral trade relations and reducing instances of trade circumvention However, even with the new rates, Malaysia remains one of the lowest among the ASEAN countries, which is a competitive advantage against regional peers (excluding Vietnam at 20%). Malaysia remains among the lowest. Given the new US transhipment rules, which impose a higher tariff based on the rerouting of the goods for the US market, in our view becomes a paramount factor in attracting Foreign Direct Investment (FDI) aimed at serving the US market. This means that countries able to secure a lower general tariff rate for their exports to the US, coupled with robust and verifiable rules of origin to avoid the severe transhipment penalty, will disproportionately benefit in terms of FDI inflows. For businesses seeking to 'de-risk' their supply chains from higher-tariff origins (like China), investing in production facilities within a country that offers both a genuinely lower tariff for direct exports to the US and the assurance of avoiding transhipment accusations becomes a strategically attractive proposition. This dynamic incentivises real value-added manufacturing and supply chain transparency, rather than mere logistical rerouting. Malaysia is benefiting from the transhipment rule. On the other hand, MITI reaffirmed Malaysia's independent foreign and economic policy stance, and the engagement with any multilateral platform is focused on trade facilitation and sustainable development, guided by national interest, not ideological alignment. For Malaysia, which is a partner country of BRICS, the implication of this latest threat is speculative; after the negotiation, if Malaysia were to fall under the 10% blanket tariff, this additional BRICS-related tariff could potentially raise its total tariff rate to 20%. However, at this juncture, this post is widely perceived as a threat rather than an imminent policy. Even at the current 25% tariff, nevertheless, added with a potential additional 10% BRICS tariff (total: 35%), Malaysia is still competitive relative to its ASEAN peers. Assuming that the 10% additional tariff will be implemented, other ASEAN countries like Indonesia (42%), Thailand (46%), and Vietnam (30%) are also partnering countries, which effectively will increase their rates as well; therefore, Malaysia will remain competitive among the ASEAN countries. We believe that these letters signal that the US is willing to continue negotiating. In the case of Malaysia, the slightly higher tariff can be seen as an indication that should Malaysia is not able to come to an agreement, that tariff will be enacted. —July 9, 2025 Main image: The Sun
