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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.

Crime

Online scam alert: Abu Dhabi Police reveal new tactics used by fraudsters

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Abu Dhabi Police have issued a fresh warning to the public following a spike in online fraud cases involving fake auctions, counterfeit products, and bogus job offers.

One of the scams involves fraudsters placing online ads for luxury watches. Victims are tricked into transferring money, only to discover that the watches are fake upon delivery.

Authorities also warned of fraudulent trading platforms. These websites often appear legitimate, with professional ads and fake profiles that simulate profits to convince victims to deposit more funds. However, when victims attempt to withdraw their money, they are blocked.

The police also cautioned residents against paying deposits for fake vehicle plate numbers, properties, or insurance policies promoted on scam websites. Some fake platforms mimic popular restaurant or retail brands to steal money through fake offers and then drain users’ bank cards.

Job seekers were specifically warned about fake employment schemes, where scammers pretend to be recruitment agents or company representatives, sometimes even using the names of real events. Victims are asked to pay fees for jobs that don’t exist.

Abu Dhabi Police urged residents to:

  • Never share confidential banking information, including card numbers, passwords, PINs, or verification codes.
  • Be cautious of suspicious calls or messages requesting to update banking details.
  • Report any suspicious activity by calling the Aman service on 8002626, sending a text to 2828, or visiting the nearest police station.

The warning comes as part of ongoing efforts to fight cybercrime and protect community members from financial loss.

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Pay Dh1,000 fee to waive traffic fines older than 10 years in Sharjah

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The Sharjah Executive Council (SEC), on Tuesday, announced a new decision to waive traffic violations under certain conditions.

Chaired by Sheikh Abdullah bin Salem Al Qasimi, Deputy Ruler of Sharjah and Vice Chairman of the Council, the decision allows for the cancellation of traffic fines recorded by Sharjah Police if 10 years have passed since the violation.

To apply for the waiver, individuals must pay a processing fee of Dh1,000. However, there are exceptions to this fee in the following cases:

  1. Verified death of the vehicle owner
  2. Continuous departure of the vehicle owner from the country for at least 10 years
  3. Abandoned vehicles where the owner cannot be located

This move is part of Sharjah’s ongoing efforts to ease financial burdens on residents and support the well-being of the community.

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New AI tools to improve understanding of Arabic content

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Dubai Media Academy has launched a new initiative aimed at developing AI tools that can better understand and support Arabic content, especially the unique languages, dialects, and cultures across the Arab world.

The “Artificial Intelligence Initiative in Arab Media” was announced during Dubai AI Week, which is running from April 21 to 25.

The idea came out of a series of discussions and workshops held by the Academy over the past year, where experts pointed out a big problem: Most current AI tools don’t work well with Arabic, especially when it comes to different dialects and cultural meanings.

To fix this, Dubai Media Academy will be working with media companies, tech developers, universities, and researchers to build better tools. These will help in areas like:

  • Representing different Arabic dialects more accurately
  • Making sure visual content is authentic
  • Improving the quality and availability of Arabic-language data used for AI training

Muna Busamra, Director of Dubai Media Academy, said the initiative is a direct response to what people in the media industry have been asking for.

“We saw a clear need for AI tools that truly understand Arabic and reflect the diversity of Arab societies,” she said. 

“This project supports Arab media in keeping our identity alive, while helping us stand out globally.”

During Dubai AI Week, the academy will host special workshops and talks, and more partnerships and projects will be announced later this year.

(Source: Wam)

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