Dubai Chamber drives innovation, efficiency across accounting sector

Dubai Chamber of Commerce recently organised a specialised workshop for the accounting sector aimed at strengthening engagement with key stakeholders and discussing the opportunities and challenges facing accounting firms in the emirate.

The session was attended by 60 participants and came as part of the chamber’s ongoing efforts to support the growth of Dubai’s business community, enhance the competitiveness of companies operating in the sector, and raise awareness of the services and initiatives available to support businesses.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said: “We are committed to creating a supportive environment for the accounting sector to thrive by promoting constructive dialogue and providing services that empower companies and strengthen their competitiveness. This session was designed to raise awareness of the resources available to businesses and support them in keeping pace with rapid developments in the sector while adopting best practices and enhancing their efficiency in Dubai.”

The workshop examined key aspects of Dubai’s accounting ecosystem, together with the resources and services available to support local companies. Representatives from Dubai Chambers also highlighted a range of specialised services designed to meet the needs of the accounting sector and help companies enhance their efficiency and develop their businesses.

The session highlighted the latest developments and trends shaping Dubai’s accounting sector. Representatives from the Dubai Chapter of the Institute of Chartered Accountants of India provided an overview of the current market landscape. Discussions also explored the opportunities and challenges facing accounting firms, as well as the sector’s growth prospects and ways for companies operating in the emirate to develop their businesses.

Participants also learned how one member company benefited from the chamber’s services through a corporate success story showcasing the role of the attestation services provided by Dubai Chamber of Commerce in streamlining business procedures and enhancing operational efficiency.

The workshop concluded with an open discussion that enabled participants to raise questions and discuss relevant topics. The session also gave members of the business community an opportunity to explore how they can benefit from Dubai Chambers’ services and receive practical guidance from chamber representatives on the services and resources available.

Established in 1965, Dubai Chamber of Commerce continues to represent, support, and protect the interests of the business community in Dubai, create a stimulating business environment, and promote the emirate as a global business hub.

The chamber is one of three chambers operating under the umbrella of Dubai Chambers, which was restructured under a decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

Meanwhile Dubai Chambers has signed a Memorandum of Understanding (MoU) with the National Association of Software and Service Companies (NASSCOM) to advance cooperation in Agentic AI and support the growth and expansion of Indian companies specialising in these technologies in Dubai.

Under the terms of the MoU, the two parties will work together to develop strategic partnerships among stakeholders across the Agentic AI innovation ecosystems in Dubai and India.

The cooperation will also focus on the exchange of knowledge and expertise and the launch of joint initiatives in this field. The agreement aims to support leading Indian companies specialising in Agentic AI and deeptech to establish and expand their businesses from Dubai by connecting them with promising business opportunities and the emirate’s wider innovation and partnership ecosystem.

Areas of cooperation will also include specialised Agentic AI business events and joint initiatives designed to strengthen engagement between companies, investors, and entrepreneurs in Dubai and India.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, “Dubai’s efforts to support the private sector’s transition towards Agentic AI represent a pioneering global initiative to strengthen the competitiveness of the business community and help companies capitalise on advanced technologies and their applications in the future economy.

“As part of Dubai Chambers’ role in implementing this initiative, we are expanding international cooperation and partnerships to build an integrated ecosystem that supports the adoption of Agentic AI by businesses, enhances efficiency and productivity, and creates new opportunities for economic growth.

WAM