Latest news with #FederationofUAEChambersofCommerceandIndustry
Al Etihad
15-05-2025
- Business
- Al Etihad
US President's visit to UAE marks milestone in strategic partnership; future-focused cooperation
15 May 2025 11:30 ABU DHABI (WAM)The visit of US President Donald Trump to the United Arab Emirates has been widely hailed by Emirati and American business leaders as a pivotal moment for strengthening the strategic partnership between the two nations and expanding cooperation in key future-oriented sectors such as technology, energy, and Mohamed Ben Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry (FCCI), stated that President Trump's visit provides significant momentum to joint investment opportunities, particularly in critical sectors, including AI, space, renewable energy, healthcare, and advanced highlighted that the UAE is already home to over 1,800 American companies and that this number is expected to rise in light of the visit's positive Salem also pointed to the UAE's participation in the 'SelectUSA' Investment Summit in Maryland from 11th to 14th May as a testament to the strong ties between the private sectors in both countries and a key platform to expand bilateral Sebright, President of the US-UAE Business Council, described the visit as a defining milestone that opens a new era of cross-border collaboration, especially in areas such as AI, advanced technologies, energy, and noted that UAE investments in the US have exceeded $1 trillion, spanning landmark projects in AI infrastructure, clean energy, and manufacturing. Among these is a massive partnership between UAE-based MGX, Microsoft, and xAI to build out advanced AI infrastructure in the US, under a project renamed "AI Infrastructure Partnership," with an anticipated $100 billion in investments and the creation of 20,000 also referenced ADQ's $25 billion agreement with Energy Capital Partners to power US data centres, ADNOC's growing portfolio in low-carbon energy and natural gas infrastructure in partnership with ExxonMobil and OMV, and Emirates Global Aluminium's plan to establish the first new aluminum smelter in the US in over three emphasised that these investments reflect a long-standing, trusted economic partnership. Other strategic ventures include Masdar's clean energy projects across multiple US states, and Mubadala's pivotal investment in GlobalFoundries, creating over 18,000 direct and indirect jobs in New York State the field of nuclear energy, Mohamed Al Hammadi, Managing Director and CEO of the Emirates Nuclear Energy Company (ENEC), underscored the UAE's collaboration with major US nuclear technology firms as a global model for responsible and peaceful nuclear Hammadi explained that ENEC is actively investing in next-generation nuclear technologies and microreactors through partnerships with companies such as TerraPower, Westinghouse, and X-energy. These efforts are part of the ENEC ADVANCE Programme, launched in 2023 and are aimed at advancing nuclear capabilities both within the UAE and abroad—including in the United States, where the clean energy sector is witnessing robust growth. President Trump's visit to the UAE underscores the depth of the US-UAE relations and a shared vision for future-driven cooperation. It reflects a joint commitment to bolstering ties not only in politics and security, but also across key sectors shaping the global economy—fostering stability, innovation, and prosperity for both nations and the broader region. Trump's Middle East visit Continue full coverage
Al Etihad
02-05-2025
- Business
- Al Etihad
Second Emirati-Iraqi Business Forum discusses enhancing trade partnerships
2 May 2025 23:54 DUBAI (WAM)The Federation of UAE Chambers of Commerce and Industry, in cooperation with the Federation of Iraqi Chambers of Commerce, organised the Second Emirati-Iraqi Business Forum yesterday in Dubai. This took place on the sidelines of the Iraqi trade delegation's visit to the UAE from May forum witnessed the participation of more than 170 companies from major institutions and corporations in both countries. Over 250 bilateral business meetings were held between representatives of various sectors, most notably real estate, contracting, tourism, hospitality, energy, renewable energy, logistics services, healthcare, and artificial intelligence, in addition to bilateral meetings between the chambers of Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry, affirmed the keenness of the chambers of commerce and private sector representatives to support and enhance trade and investment cooperation between the UAE and the Republic of Iraq. He pointed out the importance of the "Together for Partnerships" initiative, launched in cooperation between the Federation of UAE Chambers and the International Development Bank - Dubai Branch, which aims to be a link and a bridge for investors and business owners between the two brotherly the opening session, Dr. Mudhaffar Mustafa Al-Jubouri, the Ambassador of the Republic of Iraq to the UAE, praised the depth of the brotherly and cooperative relations between Iraq and the UAE. He emphasised the importance of strengthening economic partnerships and expanding the horizons of cooperation in various fields, in a way that achieves sustainable development and economic prosperity for both commended the advanced economic environment enjoyed by the UAE and the investment opportunities it offers that can support the development process in Iraq. He stressed that the economic integration between the two countries is based on a comprehensive strategic partnership that relies on empowering the private sector and creating a stimulating legislative and regulatory environment, without direct intervention in commercial reviewed the development of economic relations, noting that the volume of trade exchange between the two countries increased from $28.3 billion in 2023 to $39.3 billion in 2024, achieving a growth rate of 38.6%. He also highlighted the signed bilateral agreements, such as the Avoidance of Double Taxation Agreement of 2017 and the agreement to promote and protect mutual investments in 2021, in addition to the preliminary agreement signed in 2024 between the General Company for Ports of Iraq and Abu Dhabi Ports Group to establish a joint venture for the development of Al-Faw Grand Port.
Sharjah 24
02-05-2025
- Business
- Sharjah 24
UAE, Iraq explore strengthening trade partnerships
The Forum was organized by the Federation of UAE Chambers of Commerce and Industry , in cooperation with the UAE Ministry of Foreign Affairs (MOFA) and the Federation of Iraqi Chambers of Commerce, on the sidelines of the Iraqi trade delegation's visit to the UAE from May 1 to 2. The Forum opened with a welcome address delivered by Abdullah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI). He emphasized the commitment of the chambers of commerce, private sector representatives, and companies to supporting and strengthening trade and investment cooperation between the UAE and the Republic of Iraq. He also highlighted the role of the pioneering 'Ma'an (Together)' initiative launched by the Federation of UAE Chambers of Commerce and Industry and the International Development Bank (IDB)-UAE, as an essential platform facilitating business connectivity and investment flows between the two brotherly countries. For his part, Dr. Muzaffar Mustafa Al-Jubouri, Ambassador of the Republic of Iraq to the UAE, praised the strong ties of fraternity and cooperation between the two countries. He stressed the need to strengthen economic partnership and expand the horizons of trade and investment cooperation between Iraq and the UAE in an aim to support sustainable development and economic prosperity. He also commended the UAE's advanced economic environment and its potential as a catalyst for supporting Iraq's development initiatives. During the forum, Dr. Khalifa Al Raisi representing the Department of Economic and Commercial Affairs at the UAE Ministry of Foreign Affairs delivered an introductory presentation under the theme 'Invest in the UAE – Invest in the Future.' The presentation outlined the key investment incentives and advantages in the UAE, the robust legal and regulatory landscape, and the country's growing diversification across non-oil sectors. Over 170 leading companies from the UAE and Iraq took part in the forum, during which more than 250 B2B meetings were conducted across a wide range of sectors, including real estate, construction, tourism and hospitality, energy and renewables, logistics, healthcare, and artificial intelligence. The event also featured bilateral meetings between participating chambers of commerce. In conjunction with the Iraqi trade delegation's visit to the UAE, the UAE-Iraq Business Council convened its first official meeting. The session was co-chaired by Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers, and Ahmed Waleed Ahmed on behalf of the Iraqi side. Humaid Ben Salem expressed his pride and warm welcome at the convening of the first meeting of the UAE-Iraq Business Council, which was attended by more than 45 entrepreneurs and business leaders from both the UAE and the Republic of Iraq.
Zawya
02-05-2025
- Business
- Zawya
Second UAE-Iraq Business Forum explores strengthening trade partnerships between the two countries
Dubai/ UAE Chambers, The second UAE-Iraq Business Forum kicked off yesterday, Thursday, at the Sheraton Dubai Creek Hotel. The Forum was organized by the Federation of UAE Chambers of Commerce and Industry, in cooperation with the UAE Ministry of Foreign Affairs (MOFA) and the Federation of Iraqi Chambers of Commerce, on the sidelines of the Iraqi trade delegation's visit to the UAE from May 1 to 2. The Forum opened with a welcome address delivered by H.E Abdullah Sultan Al Owais, Vice Chairman of the Federation of UAE Chambers of Commerce and Industry and Chairman of the Sharjah Chamber of Commerce and Industry (SCCI). He emphasized the commitment of the chambers of commerce, private sector representatives, and companies to supporting and strengthening trade and investment cooperation between the UAE and the Republic of Iraq. He also highlighted the role of the pioneering 'Ma'an (Together)' initiative launched by the Federation of UAE Chambers of Commerce and Industry and the International Development Bank (IDB)-UAE, as an essential platform facilitating business connectivity and investment flows between the two brotherly countries. For his part, Dr. Muzaffar Mustafa Al-Jubouri, Ambassador of the Republic of Iraq to the UAE, praised the strong ties of fraternity and cooperation between the two countries. He stressed the need to strengthen economic partnership and expand the horizons of trade and investment cooperation between Iraq and the UAE in an aim to support sustainable development and economic prosperity. He also commended the UAE's advanced economic environment and its potential as a catalyst for supporting Iraq's development initiatives. During the forum, Dr. Khalifa Al Raisi representing the Department of Economic and Commercial Affairs at the UAE Ministry of Foreign Affairs delivered an introductory presentation under the theme 'Invest in the UAE – Invest in the Future.' The presentation outlined the key investment incentives and advantages in the UAE, the robust legal and regulatory landscape, and the country's growing diversification across non-oil sectors. Over 170 leading companies from the UAE and Iraq took part in the forum, during which more than 250 B2B meetings were conducted across a wide range of sectors, including real estate, construction, tourism and hospitality, energy and renewables, logistics, healthcare, and artificial intelligence. The event also featured bilateral meetings between participating chambers of commerce. In conjunction with the Iraqi trade delegation's visit to the UAE, the UAE-Iraq Business Council convened its first official meeting. The session was co-chaired by Humaid Mohamed Ben Salem, Secretary General of the Federation of UAE Chambers, and Ahmed Waleed Ahmed on behalf of the Iraqi side. Humaid Ben Salem expressed his pride and warm welcome at the convening of the first meeting of the UAE-Iraq Business Council, which was attended by more than 45 entrepreneurs and business leaders from both the UAE and the Republic of Iraq.
Sharjah 24
22-04-2025
- Business
- Sharjah 24
Abdullah bin Zayed, Sri Lankan FM discuss boosting ties
Strengthening bilateral relations The two ministers discussed the strong ties of friendship between the UAE and Sri Lanka and explored ways to enhance bilateral cooperation, particularly in development-focused sectors. Expanding economic and developmental cooperation The talks also covered opportunities to expand collaboration in key areas such as the economy, trade, tourism, and sustainable development. H.H. Sheikh Abdullah praised the distinguished relations between both nations and affirmed their shared commitment to leveraging mutual strengths. Exchange of regional and international Views Both sides exchanged perspectives on several regional and international issues of common interest, reinforcing their mutual understanding and cooperation in global affairs. Establishing UAE-Sri Lanka Joint Business Council Following their discussions, His Highness Sheikh Abdullah and Minister Herath witnessed the signing of a Memorandum of Understanding between the Federation of UAE Chambers of Commerce and Industry and the National Chamber of Commerce of Sri Lanka. The agreement aims to establish the UAE-Sri Lanka Joint Business Council, enhancing economic ties and facilitating business collaboration. Attendees The meeting was attended by Ahmed Ali Al Sayegh, Minister of State; Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs; Abdullah Ahmed Balalaa, Assistant Minister of Foreign Affairs for Energy and Sustainability Affairs; and Khaled Nasser Al Ameri, UAE Ambassador to Sri Lanka.
