He stressed that "Expo 2020" has enhanced the emirate's position as a platform for economic partnerships

Buamim: Dubai's economy indicators are positive... and "tourism" and "trade" record excellent rates

Hamad Buamim: "Amendment to the weekly work system will enhance the private sector's communication with the global business community."

The Dubai Chamber, recently, held its last quarterly meeting for 2021, at the Chamber's headquarters, with business groups and councils working under the Chamber's umbrella, as part of its mission to represent, support and protect the interests of the business community in Dubai.

During the meeting, the Chamber reviewed the emirate's economic landscape, growth prospects and investment opportunities, and introduced the private sector to the most recent developments in the current stage, legislative updates, and government agencies' efforts to support the private sector and enhance its competitiveness.

In his speech during the meeting, Hamad Mubarak Buamim, Director General of Dubai Chamber, pointed to the positive indicators of Dubai's economy and the outstanding performance of the tourism and trade sectors, considering that "Expo 2020 Dubai" boosted the wheel of growth and provided an ideal platform for establishing economic partnerships and investment links, while the Amending the weekly work system will enhance the private sector's communication with the global business communities, and open up wide options for cooperation and partnerships.

He pointed out that "the legislative changes recently adopted in the UAE aim to support the economic system in the Emirates and enhance its competitiveness," noting that they cover a wide range of legislation and laws, most notably the Personal Data Protection Law, the Electronic Transactions Law and the Commercial Companies Law.

Buamim focused on the emirate's efforts to develop financial markets and stock exchanges in Dubai, and double their value to reach three trillion dirhams, noting that this is in the interest of consolidating Dubai's position as the capital of the world of finance and business, and considering that the strong performance of Dubai's financial markets during the last period reflects the insightful vision of the rational leadership. and the strength of the financial sector in the emirate, calling on companies to list in Dubai's financial markets.

The Director General of the Dubai Chamber affirmed the Chamber's commitment to strengthening the partnership of the public and private sectors, and consolidating and developing this partnership in order to achieve common goals and interests, noting that the efforts made by the Chamber during the past period as the official business integration partner for Expo 2020 Dubai, and its organization of important events, Including the World African Business Forum, the Conference of the World Chambers of Commerce and the Global Business Forum for ASEAN countries, it aims to open new horizons for the private sector to expand and attract new foreign direct investments to the emirate, support Dubai's trade, and facilitate the emirate's traders access to global markets.

In turn, the Assistant Undersecretary of the Ministry of Human Resources and Emiratisation for Communication and International Relations, Abdullah Al Nuaimi, affirmed the keenness of the Ministry of Human Resources and Emiratisation to enable entrepreneurship and support the private sector in a way that enhances its role and participation in the comprehensive and sustainable development witnessed by the country in various fields.

During the meeting, Al-Nuaimi reviewed the most prominent features of the Federal Law Decree regulating labor relations, which is scheduled to enter into force as of February 2, 2022, noting that the new law

It aims to ensure the efficiency of the labor market, which enhances the attraction and retention of the best competencies and future skills from employment in parallel with providing a stimulating and attractive work environment for employers, as well as enhancing the flexibility and sustainability of the labor market in the country, ease of business, competitiveness and productivity of the labor market, especially by investing local energies and talents. and global.

• "Expo 2020" provided an ideal platform for establishing economic partnerships and investment links.

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