Skip to content Skip to Search
Skip navigation

UAE companies ‘can do more’ with Brics

  • Brics benefits for UAE business
  • Focus on emerging markets
  • Dubai offers ‘unique ecosystem’

UAE businesses need to do more to take advantage of the UAE joining Brics and signing free trade agreements with various countries, according to the chairman of Dubai Chambers.

“Other countries are aware, but our business community needs to take advantage of what they can do with India, Indonesia, Turkey and other countries,” Abdul Aziz Al Ghurair, chairman of Dubai Chambers, told AGBI

Dubai International Chamber launched 16 new international representative offices in 2023 to expand its global network to 31 across five continents.

With over 67,000 new companies joining the Dubai Chambers last year, the total number of active members reached almost 218,000.

The value of members’ exports and re-exports increased to more than AED 284 billion, growing 4.3 percent year on year.

Abdul Aziz Al Ghurair says that there needs to be more communication about the advantages of the UAE joining Brics

Since 2021, the UAE’s comprehensive economic partnerships agreements with India, Indonesia, Turkey, Israel, Kenya, Costa Rica and Cambodia have come into force. 

It has also started negotiations with a number of other countries, including Serbia, Ukraine, Australia, the Philippines, Malaysia, Chile and Vietnam.

How will Saudi’s regional headquarters programme impact Dubai Chambers’ drive to attract more MNCs into the emirate? Watch the full video to find out.

Latest articles

Flooding in Dubai affected many people's homes. Emaar has promised .free repairs for its residents, and an upgraded sewerage system is planned

Emaar promises free repairs as Dubai launches sewerage system

Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […]

A customer paying with a credit card inside the Black Friday Market in Beirut. Lebanon wants more people to move away from cash

Lebanon launches plan to promote use of bank cards

Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]

Construction work in Kuwait. Nurseries, schools and shops are being built for the new residential district of Al Metlaa

Kuwait signs $140m contracts for Al Metlaa development

Kuwait’s Public Authority for Housing Welfare (PAHW) has signed two contracts worth KD42 million ($140 million) to construct public buildings in Al Metlaa, a new residential district north of Kuwait City. Nurseries, stores, schools and shops will be included, state news agency Kuna reported. Electricity connections have been provided for 109 buildings in the district, […]

Iraq gas oil

Iraq to auction 30 oil and gas projects this month

Iraq will auction 30 new oil and gas projects in two licensing rounds before the end of April. The bidding round will be held on April 27, Reuters reported, citing an oil ministry statement. Last October Iraq passed a long-awaited oil and gas law, which will help the country attract more international investments into the hydrocarbon industry and boost government revenues.  Ali Metwally, an […]