Search Site

Trends banner

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

DMCC hosts 200 Dubai-based Chinese businessmen at China Business Day

DMCC said 200 Dubai-based Chinese business leaders attended the event. (WAM)
  • DMCC is home to more than 750 Chinese companies, which accounts for over 12 percent of all Chinese businesses registered in the UAE.
  • DMCC said in a statement that the event celebrated the flourishing commercial ties between the UAE and China as bilateral trade is likely to reach 200bn by 2030.

Dubai, UAE — Dubai Multi Commodities Centre hosted a China Business Day at Almas Tower, which drew more than 200 Dubai-based Chinese business leaders.

DMCC said in a statement that the event celebrated the flourishing commercial ties between the UAE and China, with DMCC providing dedicated support to Chinese businesses looking to expand through Dubai.

A panel discussion titled “Building business success in Dubai and the UAE with experiences from leading Chinese companies” was also held, featuring representatives from China State Construction Engineering Corporation, Bank of China, China Mobile International Middle East & Africa, Dahua Technology, and Yingke & Shayan Legal Consulting.

DMCC is home to more than 750 Chinese companies, which accounts for over 12 percent of all Chinese businesses registered in the UAE. It has also established Yingtian Chinese Business Centre DMCC in 2017 to aid Chinese companies wanting to set up a company in Dubai, launched DMCC’s website in Mandarin to further increase the ease of doing business in Dubai and opened a China Service Centre in Almas Tower in 2020, with Mandarin onboarding support across all client touchpoints. Recently, a representative office in Shenzhen was inaugurated to bring DMCC to the doorstep of Chinese businesses.

Ahmed bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, highlighted the growing relationship between the UAE and China, with bilateral trade expected to reach $200 billion by 2030.