Dubai International Chamber Launches New International Representative Office in Frankfurt, the Financial Capital of the Eurozone
Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has enhanced its growing presence in Europe with the inauguration of a new international representative office in Germany.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231115238428/en/
Khalid Al Shamsi, Vice President of Operations at Dubai Chambers (Centre), cuts the ribbon during the official inauguration ceremony for the new Dubai International Chamber representative office in Germany yesterday (Photo: AETOSWire)
Strategically located in Frankfurt, the office strengthens the emirate’s robust economic relationship with Germany and will facilitate the growth of bilateral business, trade, and investments. The new representative office is the chamber’s fifth in Europe and 26th worldwide.
H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are eager to further expand the trade and economic ties that unite Germany and Dubai. The chamber’s international offices support our drive to boost non-oil foreign trade to AED 2 trillion by 2026 and achieve the D33 agenda’s ambition of doubling the size of the emirate’s economy by 2033.”
The office will build strong relationships with key public and private sector stakeholders and provide focused support to the German business community, including investment intelligence to assist companies seeking to enter Dubai and leverage the emirate as a launchpad for their global ambitions. Dubai’s strategic location and world-class logistics facilities have established the emirate as a preferred trade hub among German companies.
In addition, the Frankfurt office will support and guide Dubai-based companies that plan to expand into Germany by providing detailed market intelligence and business introductions, connecting local companies with trusted German stakeholders and potential partners.
A total of 433 German companies registered as members of Dubai Chamber of Commerce between January and August this year, an increase of more than 50% compared to the corresponding period in 2022. This strong growth reflects the growing interest in Dubai among the German business community. The total value of non-oil trade between the UAE and Germany reached over US$ 8 billion in 2022.
Dubai International Chamber, one of three chambers operating under the umbrella of Dubai Chambers, was established to promote Dubai as a global business hub, attract multinational companies, and expand the emirate’s trade ties with promising markets. The chamber has a mandate to meet His Highness Sheikh Mohammed’s ambition to increase Dubai’s foreign trade from AED 1.4 trillion to AED 2 trillion by 2026.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
PR & Corporate Communications
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Bacardi Cuts Carbon Footprint of Glass Bottle Production in First for Spirits Industry7.12.2023 12:00:00 CET | Press release
Family-owned spirits company, Bacardi has successfully completed the world’s first commercial production of a glass spirits bottle fueled by hydrogen in a trial that took place earlier this month. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231207942037/en/ Bacardi has successfully completed the world’s first commercial production of a glass spirits bottle fueled by hydrogen in a trial that took place earlier this month. (Photo: Business Wire) Bacardi worked with premium glassmaker, Hrastnik1860, to pioneer new technology that powered a glass furnace with hydrogen as its primary energy source and in doing so cut the Greenhouse Gas (GHG) emissions typically produced as a byproduct of glass bottle production. The bottle, which for the purposes of the trial was the iconic ST-GERMAIN® elderflower liqueur bottle, is identical in appearance to the bottle produced using traditional methods and will reach bars and stores in the c
AudioCure Pharma Receives Hearing Technology Innovator Award for its Innovative Compound AC102 for the Treatment of Sudden Hearing Loss7.12.2023 10:05:00 CET | Press release
AudioCure Pharma GmbH announced today that it has been awarded for its innovative compound AC102 by the Hearing Technology Innovator Awards™, honoring technological innovation and breakthroughs in the hearing industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231205308215/en/ Dr. Reimar Schlingensiepen (left, CEO of AudioCure Pharma GmbH) and Prof. Hans Rommelspacher (founder and CSO) receive the award in the therapeutics category. (Photo: AudioCure Pharma) AudioCure is developing the therapeutic small molecule AC102 to treat hearing impairments including Sudden Sensorineural Hearing Loss (SSNHL). While corticosteroids are the standard treatment, health authorities have never approved them as there is no clear evidence of a clinically relevant benefit to the patient. AudioCure is conducting extensive research to develop targeted and effective therapies to address this high unmet medical need. In preclinical hearing los
FourKites Unveils Supply Chain Training Platform to Help Customers Maximise Value and Increase ROI7.12.2023 10:03:00 CET | Press release
Leading supply chain visibility provider FourKites today announces the availability of FourKites Academy, a comprehensive training platform designed to help supply chain professionals advance in their careers and business goals with high-quality, industry-recognised training resources. In addition to offering a Council of Supply Chain Management Professionals (CSCMP)-accredited course, the Academy helps FourKites customers and their extended ecosystem — including third-party logistics providers (3PLs), carriers, brokers and transportation management partners — keep pace with FourKites’ latest innovations and derive maximum value from the platform. According to research from the 2023 MHI Annual Industry Report, hiring and retaining qualified workers is the top challenge for supply chain leaders, with 41% indicating that reskilling and training their workforce is key to preparing for future disruptions. “Through FourKites Academy, we are empowering supply chain professionals with new ski
The 5th World Media Summit (Yunnan Branch) and the 2nd Yunnan International Communication Forum Kicks off in Kunming, China7.12.2023 09:43:00 CET | Press release
The 5th World Media Summit (Yunnan Branch) and the 2nd Yunnan International Communication Forum kicked off on December 6, 2023, in Kunming, the capital city of Yunnan Province in Southwestern China, gathering more than 300 representatives of around 80 institutions, including media outlets, international organizations and think tanks, from nearly 30 countries and regions . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231206795498/en/ The 5th World Media Summit (Yunnan Branch) and the 2nd Yunnan International Communication Forum kicks off in Kunming on Dec. 5 (Photo: Business Wire) The opening of the summit on December 5 witnessed the adoption of the Kunming Initiative, the launch of a theme activity named "A Lifestyle Called Yunnan", as well as the release of the list of trending words for international communication generated by Xinhuanet. According to the agenda of the summit, the attendees will discuss a variety of topic
euNetworks’ CEO delivers insight at COP28 on the company’s sustainability focus7.12.2023 09:00:00 CET | Press release
euNetworks Group Limited (“euNetworks”), a Western European bandwidth infrastructure company, was recently featured in an interview series with leaders from across industries undertaken during the United Nations Climate Conference (COP28) in Dubai. The series of interviews captures lessons learned, sustainability success stories and key messages for the future from leaders across the energy, technology and telecom, manufacturing and finance industries. euNetworks has also released its latest Sustainability Report, detailing the company’s commitment to sustainability and substantial progress over the last year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231207410743/en/ Paula Cogan, CEO of euNetworks (Photo: Business Wire) euNetworks builds and invests in city and long haul fibre networks to connect key European data centres and data hubs. The company owns and operates deep fibre networks in 17 cities and also operates a