DUBAI CHAMBER SIGNS MOU WITH ANGOLA-UAE CHAMBER OF COMMERCE AND INDUSTRY
Hamad Buamim: MoU is an important development that will strengthen trade ties between Angola and Dubai and create new channels of business exchange.
• Bráulio Mohammad Sanda Martins: The agreement will lead to firmer bonds between the business communities of Angola and Dubai by promoting abiding economic and commercial cooperation
Dubai, UAE: Dubai Chamber of Commerce and Industry (Dubai Chamber) today signed a memorandum of understanding (MoU) with the Angola-UAE Chamber of Commerce and Industry, to facilitate knowledge sharing and cooperation between the two chambers.
Announced on the sidelines of the Global Business Forum Africa (GBF) 2021, taking place at Expo 2020 Dubai, the agreement establishes a framework for developing stronger business relations between the parties and establishes cooperation procedures to enhance the achievement of their respective economic objectives.
Under the terms of the MoU, two chambers will promote trade in their respective countries, exchange information on trade opportunities and investment potential, organize prospective business missions, study trips, commercial events, trade fairs, exhibitions, seminars and training sessions for the mutual benefit of their members. In addition, the chambers will send and receive business delegations and encourage joint ventures among their members.
The MoU was signed by H.E. Hamad Buamim, President and CEO of Dubai Chamber, and Bráulio Martins, President and CEO of Angola-UAE Chamber of Commerce and Industry in the presence of, officials and representatives from both chambers.
H.E. Buamim described the MoU as an important development that will strengthen trade ties between Angola and Dubai and create new channels of business exchange. With four representative offices located in Africa, Dubai Chamber looks forward to providing all necessary assistance and support to ensure that Dubai-Angola business relations continue to flourish, he added.
“This agreement will lead to abiding bonds between the business communities of Angola and Dubai by promoting and facilitating economic and commercial cooperation in accordance with the relevant laws and regulations. In addition to fostering a favourable business environment, the agreement promotes joint ventures through – among other initiatives – the organising of business missions, study trips, seminars, training, symposiums and commercial events for the benefit of both our chambers’ members,” said Bráulio Mohammad Sanda Martins.
The sixth edition of GBF Africa is the first of three Global Business Forums organised by Dubai Chamber in partnership with Expo 2020 Dubai. Over the last five editions of GBF Africa, the forum has brought together more than 6,000 participants, 22 African presidents and 120 African ministers, who held more than 1,150 bilateral investment meetings.
Other News
Mohammad Ali Rashed Lootah: “The success of family businesses boosts economic activity and contributes to achieving the goals of the Dubai Economic Agenda (D33).” The ‘Corporate Governance Guidelines for Family Businesses’ toolkit focuses on governance structures, governance frameworks, and key regulatory guidelines for family businesses. Dubai, UAE – The Dubai…
Read more
Mohammad Ali Rashed Lootah: “Engaging with Business Groups and Councils helps to ensure the interests of all economic sectors are addressed, contributing to a dynamic investment environment that unlocks opportunities in diverse areas.” The chamber is committed to enhancing cooperation and building effective partnerships between the public and private sectors…
Read more
A total of 1,118 ATA Carnets were issued and received during the first two months of 2024 for goods with a value of AED 695 million. Mohammad Ali Rashed Lootah: “ATA Carnets enhance Dubai’s economic flexibility and boost the growth of various business sectors, especially in terms of simplifying customs…
Read more
Mohammad Ali Rashed Lootah: “We are keen to enhance the digital and operational readiness of Dubai-based companies to keep pace with the evolving requirements of the ecommerce sector.” Ecommerce is expected to generate revenue of more than US$ 6.7 billion in the UAE during 2024. Dubai, UAE – Dubai Chamber…
Read more
Mohammad Ali Rashed Lootah: “During the past year, Dubai has consistently attracted foreign direct investment from many different nations and sectors, underlining the diversity of the emirate’s business environment and its broad economic appeal.” “The remarkable increase in the diversity of nationalities represented among the owners of member companies reflects…
Read more