Connect with us

News

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

Published

on

Spread the love

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.

News

Kuwait launches 15-year residency visa: How it compares to UAE Golden Visa

Published

on

Spread the love

Kuwait has unveiled a new long-term residency programme that will allow eligible foreign investors and business leaders to live in the country for up to 15 years, marking one of the region’s latest efforts to attract international capital and strengthen economic growth.

The residency scheme is designed to provide greater stability for investors looking to establish, operate and expand businesses in Kuwait, while supporting the country’s broader plans to diversify its economy and enhance its competitiveness as an investment destination.

Who can apply?

Under the new framework, residency permits of up to 15 years will be available to:

  • Foreign investors meeting approved investment criteria
  • Immediate family members of eligible investors
  • Senior executives accredited by approved investment entities
  • Recognised business partners linked to qualifying investment projects

Authorities say the programme aims to encourage long-term commitments from investors while creating a more attractive business environment.

Investment requirements

To qualify, applicants must satisfy a number of conditions set by Kuwaiti authorities.

Eligible investors must own or be associated with investment entities licensed by the Kuwait Direct Investment Promotion Authority (KDIPA). Businesses must also maintain active operations within Kuwait and comply with national workforce requirements, including quotas related to the employment of Kuwaiti citizens.

The framework requires a minimum investment capital of KD1 million in approved business activities. In addition, licensed investment entities must maintain a total investment value of at least KD5 million.

Officials believe these requirements will help attract high-quality investments that contribute to economic development and job creation.

How it compares with UAE Golden Visa

One of the most prominent examples is the UAE’s Golden Visa programme, which was launched in 2019 and offers eligible individuals residency of up to 10 years.

The scheme is available to investors, entrepreneurs, skilled professionals, scientists, exceptional students, creatives and humanitarian contributors. It allows holders to live, work and study in the UAE without requiring a national sponsor, while also enabling them to sponsor family members.

The programme has become a key pillar of the UAE’s strategy to attract talent, innovation and long-term investment, helping cement its reputation as one of the region’s leading destinations for business and residency.

Kuwaiti authorities said the programme builds on existing investment legislation and forms part of ongoing efforts to modernise Kuwait’s business and regulatory environment.

Kuwait’s latest move reflects a growing trend across the Gulf, where governments are introducing long-term residency options to attract investors, entrepreneurs and highly skilled professionals.

Countries across the region have increasingly adopted residency programmes designed to encourage foreign investment, support economic diversification and attract global talent.

Continue Reading

News

Dubai motorist alert: Who can skip vehicle inspection bookings under new RTA rules?

Published

on

Spread the love

Dubai’s Roads and Transport Authority (RTA) has announced that certain motorists will not need to book vehicle inspections in advance, offering greater flexibility while maintaining its appointment-based testing system across the emirate.

The move applies to five specific customer groups and service categories, allowing eligible motorists to access vehicle inspection services without securing a prior appointment at approved testing centres.

Who is exempt?

According to the RTA, the following categories are exempt from advance booking requirements:

  • Senior citizens and People of Determination
  • Vehicles undergoing a repeat inspection after failing a previous technical test
  • Vehicles being inspected for export or transfer purposes without registration plates
  • Inspections linked to vehicle sale transactions
  • Vehicle data verification and confirmation inspections

The authority said the exemptions are intended to make services more accessible while ensuring smoother operations at testing facilities across Dubai.

Appointment system remains in place

The RTA continues to encourage customers to book inspections in advance to help reduce waiting times, improve service efficiency and manage customer flow across vehicle testing centres.

Motorists who do not qualify for an exemption can still access inspection services without a booking by paying an additional service fee.

The authority added that its Licensing Agency, together with approved testing centres, will continue to guide booking procedures and eligible services to improve customer awareness and transparency.

Expansion of vehicle testing services

The announcement comes as Dubai expands its vehicle testing and registration network to meet growing demand driven by population growth and urban development.

Earlier, the RTA invited investors and operators to establish new vehicle testing and registration centres in Deira, Bur Dubai and Mohammed Bin Rashid City, subject to regulatory approvals.

The expansion is expected to increase testing capacity and improve accessibility for residents.

Sunday testing option

To further enhance convenience, the RTA recently introduced Sunday vehicle inspection services at nine testing centres across Dubai. The initiative aims to provide additional scheduling options for motorists and ease pressure on facilities during the working week.

Continue Reading

Announcements

Free Public Parking Announced In Dubai For Hijri New Year

Published

on

Spread the love

Dubai’s Road and Transport Authority (RTA) has announced free public parking and a revised public transport schedule for the Hijri New Year 1448 holiday on Monday June 15.

Public parking across Dubai, except for multi-storey parking facilities will be free with parking fees will resume on Tuesday June 16.

All RTA Customer Happiness Centres will be closed on Monday, but customers will still be able to access services through the Customer Happiness Centre in Umm Ramool and Smart Kiosks located in Deira, Al Barsha, Al Tawar, Al Kifaf and the RTA Headquarters.

Dubai Metro services on both the Red and Green Lines will run from 5am until midnight on Monday while Dubai Tram services will operate from 6am until 1am the following day.

Passengers using public buses are advised to check the S’hail app for updated holiday schedules.

The RTA also announced that Bus Route E100, which normally operates between Al Ghubaiba Bus Station and Abu Dhabi, will be suspended from June 13 to 15. Passengers heading to Abu Dhabi during this period can use Route E101 from Ibn Battuta Bus Station instead.

Marine transport services will be unaffected during this period.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/