Dubai Chambers to support sustainable business growth

Dubai Chambers recently organised four legal workshops to enhance the local business community’s compliance with laws governing a range of key sectors. The sessions were attended by a total of 340 participants from the private sector.

The interactive workshops came as part of Dubai Chambers’ ongoing drive to raise awareness on the latest legislative developments impacting all sectors of the business community.

The events aim to enhance the competitiveness of companies operating in Dubai and support sustainable business growth in the emirate by ensuring compliance with laws and regulations and the adoption of best practices.

The first workshop was held virtually in cooperation with Clout Legal Consultancy and examined critical aspects of managing import and export operations with local traders and dealers.

The workshop aimed to provide participants with a better understanding of effective risk management strategies to minimise the risk of unpaid debt, together with compliance requirements relating to imports and exports, payment security, tax implications, and dispute resolution and recovery. The session also featured a case study highlighting the regulatory and legal environments in various different countries.

The second online workshop explored the licensing and regulation of virtual asset businesses and was conducted in partnership with Afridi & Angell.

The session examined the local virtual assets landscape and the key factors driving the growth of cryptocurrency transactions in the UAE.

Participants also learned more about the Dubai Virtual Assets Regulatory Authority’s role as a regulator and discussed industry best practices.

The third workshop, which was held in collaboration with Watson Farley & Williams and FTI Consulting, examined a range of topics surrounding corporate governance and compliance, from both legal and practical perspectives. Participants gained a better understanding of the local and regional legal landscapes through real-world case studies and discussed the latest trends, auditing mechanisms, and compliance verification.

The fourth workshop was an Arabic language webinar held in partnership with Eman Al-Rifai Advocates and Legal Consultants, which shed light on the rules and regulations relating to UAE labour Law. The session focused on various types of employment contracts, the legalities surrounding the termination of employment contracts, and the legal rules and principles governing relations between workers and employers.

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.

Meanwhile Dubai Chambers has announced details of the agenda for the Dubai Business Forum - China, which will take place in Beijing from August 21 to 22. The first international edition of the Dubai Business Forum coincides with the 40th anniversary of diplomatic ties between the UAE and China.

Held under the theme “China, Dubai and Beyond: Igniting Global Trade and Investment,” the forum is set to play a key role in attracting high-growth companies to Dubai and supporting Chinese businesses in leveraging opportunities for regional and global expansion.

The two-day event will feature a series of panel discussions on topics ranging from innovation in trade, global opportunities for Chinese companies, and economic synergies between Dubai and China to new frontiers in technology, cooperation in innovation and sustainability, and trade and investment opportunities in high-potential sectors.

The event programme is designed to uncover deeper collaborative opportunities supporting both markets’ ambitions, as outlined in China’s “Made in China 2025” roadmap and the Dubai Economic Agenda (D33).

The forum’s sessions will highlight emerging opportunities in key sectors, including green tech, e-commerce, artificial intelligence, healthcare, and renewable energy.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, “China has always been a market of great strategic importance to Dubai, which is reflected in our decision to host the first international edition of the Dubai Business Forum in Beijing.

“The comprehensive strategic partnership between the UAE and China has accelerated cooperation in key areas of mutual interest. We are confident this strong momentum will continue as we intensify our efforts to strengthen economic relations and boost bilateral trade and investments.”