Latest news with #HumaidMohammedbinSalem
Al Etihad
10-05-2025
- Business
- Al Etihad
UAE Chambers discusses strengthening economic, investment cooperation with Mongolia
10 May 2025 16:29 DUBAI (WAM)The Federation of UAE Chambers of Commerce and Industry (UAE Chambers) has called for enhancing economic and investment cooperation with Mongolia in a way that serves the mutual interests of business communities in both friendly call came during a meeting between Humaid Mohammed bin Salem, Secretary-General of the UAE Chambers, and Odonbaatar Shijeekhuu, the first Ambassador of Mongolia to the a press statement issued today, Humaid bin Salem expressed the Federation's pride in the strong friendship between the UAE and Mongolia, noting the comprehensive development of bilateral relations across various fields. He emphasised the UAE private sector's keenness to elevate these relations to broader highlighted the competitive advantages that the UAE offers to investors, particularly its strategic location, which positions it as an ideal gateway to regional markets. Humaid bin Salem also called for increased exchange of trade delegations between the two countries to explore investment opportunities, and build promising partnerships between Emirati and Mongolian business leaders. For his part, Ambassador Odonbaatar commended the outstanding efforts of the UAE Chambers in promoting economic relations between the two nations. He affirmed that the Mongolian private sector is eager to strengthen ties on multiple levels in a way that benefits both countries.
Hi Dubai
09-04-2025
- Business
- Hi Dubai
Indian Investors Lead Foreign Business Growth in UAE with 225,000 Companies
Indian investors have emerged as the top foreign business group in the UAE, with over 225,000 companies registered with UAE chambers of commerce by the end of Q1 2025, according to the Federation of UAE Chambers of Commerce and Industry. This milestone underscores the UAE's strong appeal as a global investment hub. Humaid Mohammed bin Salem, Secretary-General of UAE Chambers, attributed this surge in Indian business activity to the Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries in May 2022. Bin Salem noted that CEPA has played a pivotal role in evolving UAE-India relations into a multi-dimensional partnership, with trade and business collaboration at its core. He highlighted that non-oil bilateral trade reached a record US$56.1 billion in CEPA's second year—a 10.1% rise from its first year. Looking ahead, the UAE and India aim to push bilateral trade to US$100 billion by 2030, further reinforcing their strategic economic alliance. 'The UAE Chambers is fully committed to deepening trade ties with India and supporting the growth of globally competitive business partnerships,' Bin Salem added. The figures reflect not only India's confidence in the UAE's investment landscape but also the broader vision of economic diversification and international collaboration driving the Emirates forward. News Source: Emirates News Agency
Al Etihad
09-04-2025
- Business
- Al Etihad
Indian investors lead list of Chambers of Commerce members in UAE
9 Apr 2025 14:40 ABU DHABI (WAM)The Federation of UAE Chambers of Commerce and Industry has announced that Indian investors and business owners topped the list of foreign nationalities joining UAE chambers of commerce, with membership reaching around 225,000 companies by the end of Q1 figure highlights the attractiveness of the investment environment in the to WAM, Humaid Mohammed bin Salem, Secretary-General of UAE Chambers, said the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India has contributed to strengthening the developing relations between the two countries and transforming them into a multi-dimensional partnership, with business being one of its fundamental added that non-oil bilateral trade between the UAE and India reached a record $56.1 billion in the second year of the CEPA's entry into force in May 2022, marking a 10.1 percent increase compared to the first Salem stated that both countries are working to raise trade volumes to $100 billion by 2030, reflecting the depth of their economic ties. He affirmed that the UAE Chambers remains committed to advancing UAE-India trade relations and boosting business collaboration to globally competitive levels.
