Latest news with #businessrelations
Zawya
6 days ago
- Business
- Zawya
Sharjah Chamber reaffirms commitment to strategic partnership with Pakistan's business community
Sharjah: The Sharjah Chamber of Commerce and Industry (SCCI) underscored the profound bilateral business relations between Sharjah and Pakistan, built upon strong historical foundations and steadfast friendship linking the UAE and the Islamic Republic of Pakistan. The Chamber reiterated its commitment to advancing these relations towards a new phase of growing strategic economic partnership, underpinned by the wisdom of both countries' leaderships and the success of their business communities in leveraging mutually beneficial investment prospects. These remarks were made during a business meeting held by the Sharjah Chamber with the Pakistan Business Council at Sharjah Maritime Museum to celebrate Pakistan's Independence Day. The meeting was attended by H.E. Abdallah Sultan Al Owais, Chairman of SCCI; H.E Hussain Muhammad, Consul General of Pakistan to Dubai and Northern Emirates; and H.E. Mohammad Ahmed Amin Al Awadi, Director-General of SCCI. Also present were Abdulaziz Al Shamsi, Assistant Director-General for Communication and Business Sector at SCCI; Dr. Fatema Khalifa Al Muqarrab, Director of International Relations Department at SCCI; Dr. Syed Muhammad Tahir, Chairman of Pakistan Business Council in Sharjah, and several members of the council. In his opening remarks, H.E. Abdallah Sultan Al Owais extended congratulations to the Pakistan Business Council's members on Pakistan's Independence Day. He noted that the meeting aimed to reinforce the strategic economic partnership between the UAE and Pakistan. This partnership is marked by strong economic momentum, with bilateral trade volume between totaling $10.9 billion in the 2023-2024 fiscal year. Al Owais added that this strong trade relationship is transitioning toward strategic investment, with the UAE allocating $10 billion for investment in high-potential sectors in Pakistan, including renewable energy, technology, and agriculture. For his part, Dr. Syed Muhammad Tahir expressed his gratitude to the Sharjah Chamber and its Chairman for their initiative in marking Pakistan's Independence Day, which reflects the strong and enduring relationship between the two countries. 'Sharjah stands as an ideal and supportive destination for Pakistani investors, demonstrated by the substantial corporate footprint of thousands of Pakistani companies operating within the emirate, proving the success of Sharjah's vision in establishing a specialized and globally competitive business ecosystem,' he stated. Tahir added that the Pakistan Business Council is committed to collaborating with the Sharjah Chamber to expand cooperative frameworks and facilitate participation in trade exhibitions hosted by SCCI, including the Khorfakkan Mango Festival and other events that promote Pakistani products and reinforce cultural and commercial ties with Sharjah. For further information, please contact: - Ali Elgendy Misbar Communications ali@ Ahmad Aldwairi Misbar Communications
Bloomberg
16-07-2025
- Business
- Bloomberg
ACBC President on Australia-China Business Relations
David Olsson, National President at the Australia China Business Council, discusses the outlook for Australia and China's business relations as Prime Minister Anthony Albanese aims to maintain steady ties with his country's top trading partner. He speaks with Haidi Stroud-Watts and Paul Allen on "Bloomberg: The Asia Trade." (Source: Bloomberg)
Zawya
08-05-2025
- Business
- Zawya
Abu Dhabi and Japan sign MOU to enhance trade and innovation collaboration
Abu Dhabi Chamber and Japan External Trade Organization (JETRO) join forces to deepen business relations at Abu Dhabi-Japan Business Connect Tokyo, Japan – In line with efforts to strengthen cross-border partnerships and drive economic growth, the Abu Dhabi Chamber of Commerce & Industry (ADCCI) hosted public and private sector leaders at the Abu Dhabi–Japan Business Connect Forum in Tokyo in presence of the UAE Ambassador to Japan, H.E. Shihab Al Faheem to explore key investment opportunities and exchange ideas on advancing sustainable development and innovation. Addressing the Forum, His Excellency Ahmed Jasim Al Zaabi, Chairman of ADCCI, said: 'Japan has played a pivotal role in shaping our development, from urban planning to industrial growth, and it remains one of our top trading partners.' H.E. noted that UAE's trade with Japan has grown at a compound annual growth rate (CAGR) of 11.9% over the past five years. During the same period, the UAE's investments in Japan more than doubled, while the country attracted over 80 percent of all Japanese investments in the Middle East. H.E. added: 'Our advanced infrastructure, business-friendly ecosystem, smart city and quality of life initiatives have helped us attract global talent, entrepreneurs, and investors. Trade has been a key enabler of this economic growth,' pointing to Abu Dhabi's strong track record in economic diversification. H.E. noted that non-oil trade rose by 9% in 2024, while non-oil exports surged by 86.4% during the same period. H.E. also emphasized the importance of regulatory reforms, improved ease of doing business, and seamless digital integration to global business, while working closely with Japan to build a future that empowers economies, enriches societies, and inspires future generations. During the event, ADCCI and the Japan External Trade Organization (JETRO) signed a Memorandum of Understanding (MOU) to deepen business relations and create new opportunities for collaboration between Abu Dhabi and Japan, reinforcing a shared vision for promoting long-term trade and sustainable growth, particularly in innovation, sustainability, and advanced technologies. The MOU was signed by H.E. Shamis Al Dhaheri, Second Vice Chairman and Managing Director of ADCCI, and Nobuyuki Nakajima, Managing Director of JETRO MENA, in the presence of the UAE Ambassador to Japan, H.E. Shihab Al Faheem — marking the start of a new phase of collaboration. H.E. Shamis said: " The MOU with JETRO marks a key step in deepening economic ties between Abu Dhabi and Japan, while the forum provides a valuable platform to drive investment, foster innovation, and build sustainable partnerships across key industries. By aligning around our shared values — growth, sustainability, and technological progress — we are not only unlocking new business opportunities, but also contributing to a more connected and prosperous global economy." Mr Nakajima echoed the sentiment, adding: "This is a significant milestone in enhancing the economic partnership between Japan and the UAE. Japan is committed to expanding its collaboration with the UAE, and this offers an invaluable opportunity to explore new investment avenues and foster mutually beneficial business relationships. As both nations focus on innovation, sustainability, and digital transformation, we are confident that this event will pave the way for groundbreaking partnerships that will shape the future of both our economies." About ADCCI The Abu Dhabi Chamber of Commerce & Industry (ADCCI) is the leading business support organisation in Abu Dhabi. With a focus on enhancing trade and investment, ADCCI plays a key role in supporting the growth of Abu Dhabi's economy, particularly for SMEs and the private sector. Through various initiatives and partnerships, ADCCI aims to promote a business-friendly environment that facilitates investment and economic development in the emirate. About JETRO The Japan External Trade Organization (JETRO) is a government-related organisation that promotes trade and investment between Japan and other countries. JETRO plays an important role in supporting Japanese businesses overseas and fostering foreign investment into Japan. With its offices around the world, JETRO connects businesses, promotes trade, and helps build strong international partnerships.
The National
08-05-2025
- Business
- The National
Abu Dhabi signs initial pact with Japan as it seeks to boost non-oil trade
Abu Dhabi is seeking to further boost ties with Japan as the emirate extends efforts to boost its non-oil trade, which has soared in recent years. The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and the Japan External Trade Organisation (Jetro) on Thursday signed an initial agreement to deepen business relations and create new opportunities for collaboration. It aims to promote long-term trade relations and boost growth, particularly in innovation, sustainability and advanced technologies, a statement from the chamber said. The pact was signed during the Abu Dhabi-Japan Business Connect Forum in Tokyo, organised by the ADCCI to facilitate cross-border partnerships and support economic diversification. The UAE ambassador to Japan, Shihab Al Faheem, attended the signing. The high-level forum brought together leaders representing public and private sectors from Abu Dhabi and Japan to explore investment opportunities in priority industries. 'Japan has played a pivotal role in shaping our development, from urban planning to industrial growth, and it remains one of our top trading partners," said Ahmed Al Zaabi, chairman of ADCCI. The UAE and Japan have been boosting collaboration, with bilateral trade growing at a compound annual growth rate of 11.9 per cent during the past five years. The UAE's investments in Japan have more than doubled over the past five years, while it has attracted more than 80 per cent of Japanese investments in the Middle East, Mr Al Zaabi said. "We are on the cusp of a new chapter, bolstered by the anticipated UAE–Japan Cepa and strengthened by rising trade and investment flows," he said. Abu Dhabi has been focusing on diversifying its economy away from hydrocarbons, with non-oil trade growth a key part of the plan. The emirate's non-oil foreign trade rose 9 per cent last year, reaching Dh306 billion ($83.3 billion), according to Abu Dhabi Customs. Non-oil exports increased 16 per cent in 2024, re-exports grew by 11 per cent and imports rose by three per cent. Compared to 2019, Abu Dhabi's non-oil exports have surged 86.4 per cent, and overall non-oil trade has risen by 44 per cent, "reflecting our commitment to enabling global business through regulatory reforms, ease of doing business, and seamless digital integration", Mr Al Zaabi said. "Our infrastructure, business-friendly ecosystem, smart city and quality of life initiatives make us a magnet for global talent, entrepreneurs and investors," he said.
