The Chamber’s objectives and Powers
The Chamber is a non-profit utility organisation, with legal entity and financial and administrative independence. It shall have the competence to own and dispose of movable and immovable properties. It can sue and be sued. The Chamber may delegate any person that it appoints as its representative in judicial proceedings.
The Chamber’s main headquarters shall be located in Dubai. It may establish branches or offices in the emirate, and it may also establish offices or trading centres abroad, provided that the decisions and by-laws to be issued by the Chamber board in this regard shall determine the objectives of the branches, offices, or centres, their functions and organisational level.
The Chamber may participate in setting up joint chambers, provided that the agreements to be concluded for establishing such joint chambers shall determine the objectives and powers thereof.
The Objectives of the Chamber
The Chamber shall endeavor to achieve the following goals.
1. Looking after the commercial, industrial, agricultural interests and other matters connected with economic and professional activities and related services, and co-operating with the competent government authorities, to organize and develop these activities so as to attain economic and social development for the community.
2. Looking after the interests of the members of the chamber, providing them with the services they need to carry out their activities and commercial transactions, protecting their rights and surveying their opinions and presenting them to the departments concerned, and co-operating with the competent authorities to solve their problems.
3. Encouraging co-operation between the members of the chamber and strengthening their mutual relations and their links with government establishments, business and professional organizations operating in the various economic sectors.
4. Co-operating with the ministries, government departments and establishments, and with local, regional and international chambers of commerce, associations, organizations and bodies in order to coordinate actions regarding common economic, technical, and administrative matters, and to exchange expertise with regard to the Chamber’s endeavors to carry out its functions and achieve its aims.
5. Undertaking to consolidate the Emirate’s economic position and to highlight its role as an international commercial and business center and to organize the functions and programmed required to promote the Emirate’s economy, and its commercial establishments, both internally and externally.
Article 6 *
The Chamber’s Powers
The chamber shall exercise the powers necessary for the fulfillment of its objectives, particularly:
1. Registering natural and juridical persons licensed to practice the activities stipulated by article (7) hereunder as members in the Chamber, and issuing the appropriate certificates and documents that may help them accomplish their commercial transactions.
2. Issuing various types of certificates of origin for exported and re-exported goods and products. The Chamber may adopt the means that it may deem suitable to check the correctness of the presented data either by asking for the original documents indicating the place of origin of the concerned product, or by inspecting the product itself, if necessary.
3. Attesting signatures and stamps, as well as certificates and contracts and other documents related to the commercial transactions that may be needed by the members of the chamber in order to accomplish their transactions.
4. Nominating experts for inspecting commodities, goods and properties, and determining their types, weights and values.
5. Expressing opinion on the legislations regulating various commercial and economic matters, and studying draft laws, regulations and statutes issued by the competent authorities for the regulation of the above mentioned matters.
6. Suggesting economic programmes and plans and investment projects that may consolidate and enforce the Emirate’s economy or increase employment and investment opportunities; also suggesting legislations regulating commercial and economic matters, and submitting the related suggestions to competent authorities.
7. Carrying out activities that promote and bolster the Emirate’s economic relation, particularly by:
a. Receiving visiting trade delegations and missions, and sending trade delegations abroad.
b. Holding local and international trade fairs and exhibitions, and participating therein.
c. Organizing, contributing to or participating in conferences, seminars, symposia and training courses inside and outside the Emirate.
d. Publishing and distributing magazines, periodicals, directories and any other commercial and specialized publications.
e. Concluding cooperation agreements with similar unions, chambers, or bodies in order to foster the cooperation and the commercial relations.
8. Preparing economic studies, Research, and reports on the evaluation of the various economic sectors’ performance, their orientation and development, the problems and difficulties they are facing and then presenting the conclusions of such studies to the competent authorities.
9. Studying all applications presented for holding exhibitions, conferences, seminars and symposia dealing with commercial and economic matters to be held in the Emirate, and presenting the appropriate recommendation regarding the approval of such events to the competent authorities.
10. Compiling information and data of economic nature, such as prices of exchanged goods, commodities, services, securities, currencies and others and issuing information thereupon, and compiling, classifying and publishing regular statistics, legislative and regulative texts.
11. Supplying commercial directories, specialized books, references, scientific and other supporting publications other may help in preparing reports and studies.
12. Providing advise to the members of the Chamber regarding legal, commercial, economic, or technical matters, supplying them with the available information and advising them on how to follow the procedures and apply the means that may help them protect their rights and develop their businesses.
13. Contributing in the development of administrative and technical cadres in the economy and business administration. Looking for the suitable potentials and means to fulfill the foresaid objective, by establishing institutions, or centers for commercial and technical training.
14. Mediating to settle commercial disputes that might arise between the members of the Chamber, or between them and other parties in order to reach amicable settlements.
15. Determining the local commercial usages and expressions.
16. Providing a mechanism for the settlement of commercial disputes, by supervising the conciliation and arbitration processes in conformity with the Chamber’s Commercial Conciliation and Arbitration Rules.
17. Owning movable and immovable properties and managing, investing, selling or mortgaging them; concluding contracts with third parties, and accepting donations.
18. Participating in committees formed by ministries, departments, bodies and other institutions with the aim of studying or regulating economic matters, representing the Chamber in activities that are within its jurisdiction and other relevant activities.
19. Performing all acts that may fulfill the objectives of the Chamber stipulated by Article V of this Law.
* Amended by the law no. 1/1999