Latest news with #MohammadAliRashedLootah
Mid East Info
5 days ago
- Business
- Mid East Info
Dubai Chambers' President and CEO elected as member of Executive Board of International Chamber of Commerce, which represents a network of 45 million companies
Reinforcing Dubai's leadership in advancing global trade and partnerships H.E. Mohammad Ali Rashed Lootah: 'Dubai is continuing to advance its efforts to strengthen international economic cooperation and enhance cross-border trade flows.' • The International Chamber of Commerce (ICC) is the world's largest business organisation, representing a network of 45 million companies that employ over one billion people in more than 170 countries. • The annual value of merchandise trade conducted through ICC member networks exceeds US$ 17.5 trillion. • The appointment to the ICC Executive Board reflects Dubai's prominent role in driving global cooperation and building constructive partnerships. • It reflects international confidence in Dubai's unique economic model and cements the emirate's position among the world's leading economic capitals. • The ICC encompasses the World Chambers Federation (WCF), which brings together more than 1,500 chambers of commerce from over 100 countries. • Each year, the ICC International Court of Arbitration settles commercial disputes exceeding US$ 200 billion in value. Dubai, UAE – The International Chamber of Commerce (ICC) has elected H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, as a member of its Executive Board, reinforcing Dubai's leadership in advancing global trade, driving business growth, and fostering international partnerships. The ICC is the world's largest business organisation, representing a network of 45 million companies ranging from small and medium enterprises (SMEs) to multinational corporations (MNCs) that collectively employ over one billion people in more than 170 countries. Founded in Paris in 1919, the ICC serves as the voice of the global business community. The value of merchandise trade conducted through its membership network exceeds US$ 17.5 trillion annually, with the organisation maintaining a presence in over 100 countries through its various national committees. The appointment of Dubai Chambers' President and CEO to the ICC Executive Board reflects Dubai's prominent role in driving global cooperation, as well as building constructive partnerships that advance global trade and strengthen collaboration between business communities worldwide. The move further consolidates Dubai's status as a hub for shaping the future of global trade, facilitating business activity, and influencing international economic policy. The appointment reaffirms the global community's confidence in Dubai's unique economic model, which combines an ambitious vision with flexible legislation, strong public-private sector collaboration, and robust support for business growth. It also reflects the emirate's deep international ties and global position among the world's leading centres for economic decision-making. The ICC plays a vital role in promoting global trade growth and shaping international economic policy in collaboration with local and global institutions. The organisation is instrumental in establishing the rules governing international commercial transactions and the global economy. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Dubai is continuing to advance its efforts to strengthen international economic cooperation and enhance cross-border trade flows, with a strong focus on developing a dynamic global ecosystem that fosters private sector growth and promotes a more competitive business environment. Dubai Chambers will continue to play an active role in shaping global dialogue on the future of trade, market integration, and business innovation, as well as building partnerships that contribute to sustainable global economic growth.' The ICC also encompasses the World Chambers Federation (WCF), which serves as an essential platform for dialogue and cooperation among chambers of commerce worldwide on key issues relating to SME development and private sector support. The federation is the largest global network of chambers and brings together more than 1,500 chambers of commerce from over 100 countries. The WCF organises the World Chambers Congress, the only forum dedicated to chamber leaders, providing an opportunity to exchange knowledge, share best practices, and build global networks. The congress attracts more than 15,000 participants. The WCF works to enhance the capabilities of chambers globally and foster strong relationships with multilateral institutions such as the World Bank, the United Nations Development Programme (UNDP), and regional and international development banks. The federation also manages the international ATA Carnet guarantee chain for the temporary admission of goods and oversees the International Certificate of Origin Council (ICOC), which promotes global accreditation of certificates of origin and the development of international best practices in this area. In addition, the ICC International Court of Arbitration remains the world's top institution for resolving commercial disputes. Since its establishment by the ICC in 1923, the court has maintained its leadership in the field, with annual case settlements exceeding US$ 200 billion. The ICC also operates the International Centre for ADR (Amicable Dispute Resolution), which provides a range of services to resolve disputes amicably. As a key driver of Dubai's economic growth, Dubai Chambers remains committed to empowering the local business community, supporting its international expansion, accelerating the emirate's digital economy, protecting the interests of the private sector, and enhancing Dubai's position as a leading global business hub.
Al Etihad
6 days ago
- Business
- Al Etihad
Dubai Chambers' President and CEO elected as member of Executive Board of (ICC)
24 June 2025 12:49 DUBAI (ALETIHAD)The International Chamber of Commerce (ICC) has elected Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, as a member of its Executive Board, reinforcing Dubai's leadership in advancing global trade, driving business growth, and fostering international partnerships. The ICC is the world's largest business organisation, representing a network of 45 million companies ranging from small and medium enterprises (SMEs) to multinational corporations (MNCs) that collectively employ over one billion people in more than 170 in Paris in 1919, the ICC serves as the voice of the global business community. The value of merchandise trade conducted through its membership network exceeds $ 17.5 trillion annually, with the organisation maintaining a presence in over 100 countries through its various national appointment of Dubai Chambers' President and CEO to the ICC Executive Board reflects Dubai's prominent role in driving global cooperation, as well as building constructive partnerships that advance global trade and strengthen collaboration between business communities worldwide. This consolidates Dubai's status as a hub for shaping the future of global trade, facilitating business activity, and influencing international economic appointment reaffirms the global community's confidence in Dubai's unique economic model, which combines an ambitious vision with flexible legislation, strong public-private sector collaboration, and robust support for business growth. It also reflects the emirate's deep international ties and global position among the world's leading centres for economic ICC plays a vital role in promoting global trade growth and shaping international economic policy in collaboration with local and global institutions. The organisation is instrumental in establishing the rules governing international commercial transactions and the global Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Dubai is continuing to advance its efforts to strengthen international economic cooperation and enhance cross-border trade flows, with a strong focus on developing a dynamic global ecosystem that fosters private sector growth and promotes a more competitive business environment. Dubai Chambers will continue to play an active role in shaping global dialogue on the future of trade, market integration, and business innovation, as well as building partnerships that contribute to sustainable global economic growth.'The ICC also encompasses the World Chambers Federation (WCF), which serves as an essential platform for dialogue and cooperation among chambers of commerce worldwide on key issues relating to SME development and private sector support. The federation is the largest global network of chambers and brings together more than 1,500 chambers of commerce from over 100 countries. The WCF organises the World Chambers Congress, the only forum dedicated to chamber leaders, providing an opportunity to exchange knowledge, share best practices, and build global networks. The congress attracts more than 15,000 participants.
Hi Dubai
19-06-2025
- Business
- Hi Dubai
Dubai Chambers Strengthens Trade Ties as Uzbek Delegation Explores Investment Opportunities
Dubai Chambers hosted a high-level Uzbek delegation on Wednesday, led by Uzbekistan's Minister of Investment, Industry, and Trade, H.E. Laziz Kudratov, to explore avenues for deepening economic cooperation during the Dubai-Uzbekistan Business Seminar. The event brought together around 100 business leaders and senior government officials from both nations, creating a platform to boost bilateral trade and investment. Discussions centered on expanding commercial ties and leveraging synergies between the two markets. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, underscored the importance of building on the growing trade momentum. 'We are eager to explore new paths for collaboration and investment to drive mutual economic growth,' he said, reaffirming the Chamber's support for Uzbek businesses looking to scale globally through Dubai. The seminar featured presentations on market opportunities in both Dubai and Uzbekistan, with a shared focus on increasing trade flows. In 2024, non-oil trade between Dubai and Uzbekistan surged by 66% to exceed AED 11.1 billion. Key Uzbek exports to Dubai include precious stones, zinc, fruits, and copper, while Dubai exports electronics, vehicles, and cosmetics to Uzbekistan. Both sides explored ways to expand this exchange, aligning with their respective economic strengths. Uzbek business presence in Dubai is also rising. Over 700 Uzbek firms were active members of the Dubai Chamber of Commerce by the end of 2024 — a 34.5% increase year-on-year — with over 60 new companies joining in Q1 2025 alone. News Source: Dubai Media Office
Zawya
19-06-2025
- Business
- Zawya
Dubai Chambers hosts Dubai-Uzbekistan Business Seminar
H.E. Mohammad Ali Rashed Lootah: ' Today's seminar creates a valuable opportunity to further build upon the impressive growth in trade between Dubai and Uzbekistan. ' Non-oil trade between Dubai and Uzbekistan achieved annual growth of 66% during 2024 to exceed AED 11.1 billion. The meeting focused on strengthening collaboration, supporting business expansion, and increasing bilateral trade and investments. Dubai, UAE – Dubai Chambers welcomed a high-level delegation from Uzbekistan today led by H.E. Laziz Kudratov, Minister of Investment, Industry, and Trade of the Republic of Uzbekistan, to participate in the Dubai-Uzbekistan Business Seminar. The event, attended by around 100 businessmen, served as a platform to strengthen economic cooperation and explore opportunities to increase bilateral trade and investments. The seminar was attended by senior government officials from Uzbekistan, together with deputy ministers and governors of key Uzbek regions and prominent figures from the Dubai and Uzbekistan business communities. His Excellency Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Today's seminar creates a valuable opportunity to further build upon the impressive growth in trade between Dubai and Uzbekistan. We are eager to explore new paths for collaboration and investment to drive mutual economic growth. Dubai Chambers remains committed to supporting Uzbek companies in leveraging Dubai's world-class infrastructure and strategic location to accelerate their international expansion.' His Excellency emphasised Dubai Chambers' dedication to supporting the success of the Uzbek business community in Dubai and assisting Uzbek companies in harnessing the emirate's competitive advantages as a hub for connecting with global opportunities. The seminar included presentations on the business and investment landscapes in both Dubai and Uzbekistan, exploring mutually beneficial synergies and promising opportunities in both markets. Discussions also focused on increasing bilateral trade and investments between the two markets. The value of non-oil trade between Dubai and Uzbekistan achieved annual growth of 66% during 2024 to exceed AED 11.1 billion. Key Uzbek exports to Dubai include precious stones and metals, zinc, fruit and nuts, and copper, while Dubai's main exports to Uzbekistan include electronics, machinery, vehicles, precious stones and metals, and perfumes and cosmetics. During the event, the two sides discussed opportunities to boost trade exchange in line with the strengths and areas of high potential in both economies. The sessions during the event also highlighted the strong and growing presence of Uzbek companies in Dubai. By the end of 2024, over 700 Uzbek companies were registered as active members of the Dubai Chamber of Commerce, marking a robust year-over-year growth rate of 34.5%. This upward trajectory has continued into 2025, with over 60 new Uzbek companies joining the chamber during the first quarter alone, bringing fresh momentum to bilateral business ties. About Dubai Chambers Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers. Follow us on: For more information, please contact: Mohamad Mouzehem PR & Corporate Communications Email:
Gulf Today
09-06-2025
- Business
- Gulf Today
Dubai Chambers empowered 600 business members in legal navigation
Dubai Chambers has successfully concluded a series of legal and compliance-focused events in May, designed to empower businesses with the knowledge needed to thrive in the UAE's dynamic regulatory environment. The events, comprising three in-person workshops and one webinar, addressed critical topics including UAE Commercial Companies Law, corporate compliance, UAE and GCC Customs Law, and Compliance Challenges on VAT & Excise Tax. The sessions attracted significant interest, with a total of 598 participants from across the private sector. Participants gained valuable insights and ideas on ways to reduce risks, adopt good corporate governance practices, ensure compliance with data protection regulations, customs tariff structures, Harmonised System (HS) code classification, the treatment of goods within free zones, customs valuation methodologies, customs audit procedures, and compliance strategies to overcome cross-border trade challenges within the GCC countries. Earlier Dubai Chambers has welcomed a delegation of 60 companies from Madagascar to explore investment opportunities and potential business partnerships during the Dubai–Madagascar Business Forum, which was held today at its headquarters. The event reaffirmed the significance of strengthening economic ties between Dubai and Madagascar and focused on advancing cooperation across high-potential trade and investment sectors. The forum was held in the presence of Andry Rajoelina, President of the Republic of Madagascar, who led a high-level delegation featuring ministers, senior government officials, and business leaders from Malagasy enterprises. The delegation was received by Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers, and Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, together with representatives from Dubai's private sector. In his keynote address, President Rajoelina praised Dubai's remarkable global economic status and reaffirmed his country's interest in deepening bilateral relations across several priority sectors. During his welcome address at the forum, Eng. Sultan Bin Saeed Al Mansoori, Chairman of Dubai Chambers, stated: 'The steady growth in economic ties between Dubai and Madagascar reflects our shared commitment to strengthening bilateral partnerships and exploring new opportunities for impactful cooperation that support sustainable economic growth. Meanwhile in the first week of June, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, announced that direct Thai investments in the Emirate of Dubai have reached approximately $626 million over the past five years. He expressed optimism that these figures will continue to grow, supported by ongoing efforts to strengthen economic relations between Dubai and Thailand, including the recent opening of a new Dubai International Chamber representative office in the Thai capital, Bangkok. In statements to the Emirates News Agency (WAM) during the 'Doing Business with Thailand' forum held on the 29th May, part of Dubai Chambers' trade mission to the Philippines and Thailand, Lootah stated that the new office is part of the Dubai Chamber of Commerce's 'New Horizons' trade mission to Southeast Asia. He described it as a strategic move to enhance the UAE business community's presence in the Thai market and to expand trade and investment opportunities with this dynamic economy. Lootah said that Thailand is among Dubai's leading trading partners in the ASEAN region. 'Through this on-ground presence, we aim to deepen ties with the private sector and strengthen collaboration between the two sides,' he said. He also noted a significant increase in non-oil trade between Dubai and Thailand in recent years, which grew by 23 per cent to $6.5 billion in 2024, up from approximately $5.3 billion in 2023. This reflects the growing momentum in bilateral economic ties and underlines the strategic importance of the Thai market within Dubai Chambers' global expansion plans. The Bangkok office launch coincided with the trade mission and included 20 Emirati companies, which were introduced to Thailand's investment environment and market opportunities, with the aim of boosting commercial ties and supporting the international expansion plans of UAE businesses. Lootah emphasised that the Bangkok office is the latest addition to Dubai Chambers' expanding network of international offices, which aligns with the chamber's strategy to open 50 representative offices worldwide by 2030. This effort is intended to support Dubai's goals of broadening its foreign trade and cementing its position as a global hub for commerce and investment. He also reaffirmed Dubai Chambers' commitment to enabling local companies to access global markets and forge strategic partnerships that align with Dubai's economic vision and support the sustainability and growth of its key sectors.
