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Over 27,800 new member companies join Dubai Chamber of Commerce in 2021

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Over 27,800 new member companies joined the Dubai Chamber of Commerce in 2021, a 66.8 per cent increase compared to 2020. This brings the organisation’s total membership to over 287,000.

In 2021, the Dubai Chamber of Commerce saw the return on investment of its digital transformation over the years. The Chamber processed more than 704,400 e-transactions during the year. It also succeeded in fully digitising its core services by 100 per cent, which enabled it to serve its members and customers remotely and efficiently.

The Chamber also achieved its goal of becoming 100 per cent paperless by the end of 2021, representing an important milestone in its digital transformation mission.

The value of exports and re-exports of Dubai Chamber of Commerce members amounted to Dh227 billion, and a total of 669,922 certificates of origin were issued by the organisation last year. Meanwhile, 4,495 ATA Carnets worth Dh4.5 billion were issued and received by the Chamber. The ATA Carnet system is managed by the Dubai Chamber of Commerce in cooperation with Dubai Customs, facilitating the temporary entry of imports to Dubai.

Dubai Chamber reviewed 52 draft local and federal laws and ministerial decisions during 2021 to ensure a favourable business environment. The organisation’s Legal Services department received 200 mediation cases, of which 175 were virtual mediation cases, while 66 cases were settled amicably.

Dubai Chamber continued exploring business opportunities in promising markets worldwide as it received 2,983 visiting delegations and met with over 6,800 delegates from 73 countries in 2021. A total of 85 business networking events were organised, attended by 15,000 businesspeople.

The Chamber’s 11 representative offices in Africa, Eurasia and Latin America held 2,398 virtual meetings with more than 4,052 investors interested in expanding its business network and activities to Dubai.

The Chamber’s external offices organised 39 virtual events, attended by 4,280 participants from around the world, and participated in 347 other events to promote Dubai as a global business hub, identify business opportunities, and build relationships with key stakeholders in promising markets.

Abdul Aziz Al Ghurair, chairman of Dubai Chambers, described 2021 as “an exceptional year for the business community in Dubai”.

He noted that the government’s effective measures and proactive policies put the emirate on a steady path of economic growth, with the biggest uptick in business activity felt within the tourism, hospitality, trade and retail sectors.

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Football superstar Erling Haaland invests in Norway Chess to launch global ‘Total Chess’ Championship Tour

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Soccer superstar Erling Haaland has announced a major investment in Norway Chess, backing the launch of a new global competition format, the Total Chess World Championship Tour.

The initiative, unveiled in Oslo, aims to transform chess into a more spectator-friendly and widely accessible sport. Haaland has partnered with Norwegian business leader Morten Borge to establish a new company, Chess Mates, which will become a significant stakeholder in Norway Chess.

Haaland said his investment reflects a strong belief in chess as both a mental discipline and a global spectator sport.

“Chess is an incredible game. It sharpens your mind, and there are clear similarities to football. You have to think quickly, trust your instincts, and think several moves ahead,” he said.

The newly announced Total Chess World Championship Tour is set to feature four tournaments annually across different cities, bringing together the world’s top players. The competition will crown an overall world champion based on combined performance in three formats: Fast Classic, Rapid, and Blitz.

The tour has been approved by the International Chess Federation for a minimum of 16 years, underscoring its long-term ambition and significance within the global chess calendar.

A pilot tournament is scheduled for autumn 2026, with the first full season expected in 2027. Each season will include four events and offer a minimum prize pool of $2.7 million.

Kjell Madland, CEO of Norway Chess and Total Chess, welcomed Haaland’s involvement, describing it as a major step forward for the sport.

He said Haaland’s global influence and appeal would help attract new audiences and elevate the profile of chess worldwide, adding that preparations are now in the final stages to secure host cities for the inaugural tour.

With millions of fans worldwide, Haaland’s move into chess investment signals a growing crossover between elite sport and strategic mind games, potentially reshaping how chess is consumed and followed globally.

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Dubai Police launches campaign to combat scams and protect residents

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Dubai Police has launched a wide-ranging initiative aimed at combating fraud and raising public awareness, in collaboration with more than 40 government, semi-government, and private sector organisations.

The campaign, led by the Criminal Investigation Department, focuses on educating residents about common scams, particularly those carried out by phone calls and online platforms to steal money or sensitive banking information.

Officials said the initiative is designed to improve public understanding of how fraud schemes operate and how to report them, targeting employees, families, and the broader community.

Authorities have strongly warned residents not to share personal or financial information with unknown callers, stressing that no legitimate government entity or financial institution would request such details over the phone.

They added that many scams are highly sophisticated and rely on a lack of awareness among victims.

Residents are encouraged to report suspected fraud through official channels, including the Dubai Police app, by calling 901, via the eCrime platform, or through the “Police Eye” service.

Authorities also advised individuals who believe they may have been targeted to immediately contact their bank to block any suspicious transactions before reporting the incident.

Saeed Al Hajri, Director of the General Department of Criminal Investigation, said the initiative reflects Dubai Police’s continued commitment to strengthening public awareness around fraud. He noted that the campaign aligns with the “Year of the Family,” reinforcing the importance of awareness as the first line of defence against financial crimes.


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UAE food supply secure, minister confirms during retail inspection

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Abdulla bin Touq Al Marri has reaffirmed that the UAE’s food supply remains stable and secure, backed by strong global trade partnerships and advanced logistics infrastructure.

Speaking during an inspection visit to a Lulu Hypermarket in Sharjah on Sunday, the minister emphasised that the country does not depend solely on domestic stockpiles. Instead, it leverages a wide international supplier network, ensuring access to alternative sources in case of global disruptions.

He highlighted that the UAE’s ports, transport systems, and storage facilities play a critical role in maintaining consistent supplies of essential goods across the country.

Officials noted that major retailers serve as a vital link between global supply chains and consumers, helping stabilise prices while ensuring shelves remain well stocked.

During the inspection, authorities reviewed a wide range of products, including fresh produce, meat, dairy, and other essentials. They reported sufficient supply levels and no signs of unusual or panic-driven demand.

Retailers confirmed they are continuing to coordinate with international suppliers, with thousands of tonnes of food imported in recent weeks to meet anticipated demand.

Authorities also pointed to ongoing promotions and discounts on staple items such as rice, cooking oil, and poultry, supported by strong inventory levels.

The Ministry of Economy said it is actively monitoring prices across hundreds of retail outlets through a real-time tracking system and has urged the public to report any suspected violations or unjustified price increases.


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