Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Dubai Chamber adds 10,000 new companies as members in Q1

Dubai International Chamber is focused on boosting Dubai’s status as a major global trading hub. (WAM)
  • Member exports and re-exports saw 11.3 percent growth over the same period last year, while their value reached AED 61 billion.
  • The number of certificates of origin issued by the Chamber during the first quarter of this year amounted to 178,654 certificates, a growth of 7.1 percent from 2021.

More than 10,000 companies joined Dubai Chamber of Commerce as members during the first quarter of 2022, marking a 64 percent year-over-year growth in new membership for the same quarter in 2021.

Member exports and re-exports saw 11.3 percent growth over the same period last year, while their value reached AED 61 billion.

The number of certificates of origin issued by the Chamber during the first quarter of this year amounted to 178,654 certificates, a growth of 7.1 percent from 2021.

Hamad Buamim, President and CEO of Dubai Chamber, said the Chamber’s membership growth reflects Dubai’s strengthening position as a preferred business hub and increased economic competitiveness.

He added that the growth momentum was supported by the positive economic impact created by Expo 2020 Dubai.

Buamim said Dubai Chamber of Commerce’s membership is now close to 300,000, making it one of the world’s largest membership-based chambers of commerce.

He said the Chamber played a crucial role in attracting companies to the Dubai market.