UAE Business: New legal framework approved to regulate Dubai Chambers – Gulf Digital News

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UAE Business: New legal framework approved to regulate Dubai Chambers – Gulf Digital News

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Dubai ruler, has approved legislations aimed at creating a new legal framework for Dubai Chambers and their boards of directors.  The legislations are aimed at helping Dubai Chambers achieve their strategic objectives, reinforcing Dubai’s position as a global economic hub, and supporting the business community in the emirate. These include a decree establishing Dubai Chambers as a new entity that replaces the Dubai Chamber of Commerce & Industry and appointing Juma Al Majid as Honorary Chairman of Dubai Chambers. Another decree sets sup the board for Dubai Chambers and appoints Abdul Aziz Al Ghurair as its Chairman. Other decrees establish the boards for Dubai Chamber of Trade and Dubai Chamber of International Trade with Sultan Ahmed bin Sulayem as Chairman, and the board of Dubai Chamber of Digital Economy with Omar Sultan Al Olama as Chairman. These decrees, which reflect Sheikh Mohammed’s vision for enhancing Dubai’s economy, establish three specialised chambers to cater to new requirements resulting from the emergence of new economic sectors, reported Wam.  Sheikh Mohammed also issued a decree forming the board for Dubai Chambers with