Dubai and Romania to strengthen bilateral trade, economic relations

Dubai Chamber of Commerce (DCC), one of the three chambers operating under Dubai Chambers, has taken a significant step in strengthening economic relations between Dubai and Romania with the establishment of the Romanian Business Council. The recently launched business council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai, as well as support Dubai’s presence in Europe and attract new investments from the region.

The launch of the Romanian Business Council comes as part of the chamber’s strategy to establish new country-specific business councils and expand their roles to promote cross-border business opportunities and boost bilateral trade.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “We are proud to support the establishment of the Romanian Business Council, which heralds a new era of enhanced cooperation between Dubai and Romania’s dynamic business communities. This collaborative effort supports our ongoing drive to ensure a supportive, enabling, and world-class business environment in Dubai. We look forward working together to boost bilateral trade and promote cross-border business opportunities.”

Genoveva Turcu, President of the Romanian Business Council, stated: “We are thrilled to announce the establishment of the Romanian Business Council. Our mission is to support Romanian and UAE businesses in creating a 4.0 community by fostering innovation, collaboration, and knowledge-sharing. Through collaboration, knowledge-sharing, and the adoption of innovative technologies, we aim to empower businesses and foster sustainable growth.”

Covering markets of strategic importance to Dubai, business councils serve as valuable platforms for companies in the UAE and abroad to connect, collaborate, and build mutually beneficial partnerships, opening new channels for economic cooperation with business communities across the globe. The number of Romanian companies registered with Dubai Chamber of Commerce was 381 by the end of 2022.

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 earlier Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has successfully hosted a webinar focusing on Green Finance and Investment Opportunities.

Held by the chamber’s Centre for Responsible Business as part of its new Sustainability Knowledge Series, the engaging online session attracted a total of 216 participants.

The webinar provided valuable insights and guidance aimed at helping companies to access green finance, attract green investment projects, and share best practices, as well as inspiring participants to embed sustainability throughout their investment strategies. The session also addressed several key challenges surrounding sustainable finance and explored potential solutions.

Dubai Chamber of Commerce highlighted the remarkable growth of green finance both locally and globally, as well as the increasing role of the next generation of business leaders in addressing sustainability challenges. In addition, the session provided details about the Centre for Responsible Business’ upcoming series of programmes and events, which will culminate with the hosting of the chamber’s Sustainability Week during the final quarter of the year.