Thursday 19 May 2022

New legal framework approved to regulate Dubai Chambers

DUBAI, January 10, 2022

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Dubai ruler, has approved legislations aimed at creating a new legal framework for Dubai Chambers and their boards of directors. 
The legislations are aimed at helping Dubai Chambers achieve their strategic objectives, reinforcing Dubai’s position as a global economic hub, and supporting the business community in the emirate.
These include a decree establishing Dubai Chambers as a new entity that replaces the Dubai Chamber of Commerce & Industry and appointing Juma Al Majid as Honorary Chairman of Dubai Chambers. Another decree sets sup the board for Dubai Chambers and appoints Abdul Aziz Al Ghurair as its Chairman.
Other decrees establish the boards for Dubai Chamber of Trade and Dubai Chamber of International Trade with Sultan Ahmed bin Sulayem as Chairman, and the board of Dubai Chamber of Digital Economy with Omar Sultan Al Olama as Chairman.
These decrees, which reflect Sheikh Mohammed’s vision for enhancing Dubai’s economy, establish three specialised chambers to cater to new requirements resulting from the emergence of new economic sectors, reported Wam. 
Sheikh Mohammed also issued a decree forming the board for Dubai Chambers with Abdul Aziz Al Ghurair as the chairman and Faisal Juma Khalfan Belhoul as the vice chairman. Its members include Khalid Juma Al Majid Al Muhairi; Omar Sultan Al Olama; Omar Abdullah Al Futtaim; Sultan Ahmed bin Sulayem; Helal Saeed Al Marri; Buti Saeed Mohammed Al Ghandi; Dr Raja Easa Al Gurg; Dr Amina Abdul Wahed Al Rostamani; Tariq Hussain Khansaheb; Raji Patrick Chalhoub; and Ghassan Ahmed Yahya Al Kibsi.
Furthermore, Sheikh Mohammed issued a decree forming the Board of Directors of Dubai Chamber of Trade under the Chairmanship of HE Abdul Aziz Al Ghurair. Members include Faisal Juma Khalfan Belhoul, the Vice Chairman; Khalid Juma Al Majid Al Muhairi; Omar Abdullah Al Futtaim; Majid Hamad Rahma Al Shamsi; Mohammed Abdulghaffar Hussain; Buti Saeed Mohammed Al Ghandi; Tariq Hussain Khansaheb; Dr. Raja Easa Al Gurg; Dr. Amina Abdul Wahed Al Rostamani; Hind Mohammed Khalfan bin Kharbash; Raji Patrick Chalhoub; Shehab Mohammed Abdulkhaliq Gargash; Saeed Saif Ahmed Al Ghurair; and Hisham Abdullah Mohammed Al Shirawi.
The new decrees give businesses and foreign investors an opportunity to contribute to the development of trade policies, regulations and legislations for various sectors, further strengthening the public-private partnership that has underpinned Dubai’s exceptional growth and achievements.


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