H.H. Sheikh Mohammed confirms Dubai International Chamber appointments

WAM

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a Decree confirming the appointment of three new members to the Board of Directors at Dubai International Chamber, one of the three chambers operating under Dubai Chambers.

Omar Channawi, Yasser Abdul Malak, and Khalil Yassine will join the chamber’s Board of Directors, where they will use their experience to attract foreign direct investment, support the international expansion of member companies, and promote Dubai as a leading global hub for business and trade.

Mr. Channawi currently serves as the P&G CEO of Middle East, Sub-Saharan Africa and General Global Export Markets. Mr. Malak is the Chairman & CEO Middle East and North Africa of Nestlé Middle East FZE. Mr. Yassine is the Head of Unilever Arabia.

Dubai International Chamber's three-year strategy (2022-2024) is aimed at strengthening the emirate’s position as a leading capital for global trade and preferred strategic hub for multinational companies.

The chamber’s strategy is closely aligned with the five-year foreign trade plan approved by His Highness, which seeks to boost Dubai’s non-oil foreign trade to AED 2 trillion by 2026.

Other key objectives outlined in the chamber’s strategy include supporting the expansion of 100 companies from the emirate into priority overseas markets and working to enhance the business environment in Dubai, with a focus on attracting multinational companies to the emirate and encouraging them to list on the Dubai Financial Market.

The chamber also leads the Dubai Global initiative, which was launched in 2022 by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, with the goal of establishing a powerful global network of 50 commercial representative offices for Dubai across five continents by 2030.

The initiative aims to attract foreign MNCs, SMEs, investors, and international talent to Dubai by showcasing the emirate’s competitive advantages, sharing investment intelligence, and strengthening engagement with overseas stakeholders.

More from Business

  • Aviation sector contributes $4.1 trillion to global economy

    The UAE's Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA), on Monday emphasised the aviation sector's critical role in the global economy, noting that it accounts for 12 to 13 per cent of GDP in some countries and supports millions of jobs worldwide.

  • Paris AI summit draws world leaders

    World leaders and technology executives are convening in Paris on Monday to discuss how to safely embrace artificial intelligence at a time of mounting resistance to red tape that businesses say stifles innovation.

  • 16% growth in new economic licences in Abu Dhabi during 2024

    The Abu Dhabi Registration and Licensing Authority (ADRA), which develops and regulates the business sector, on Monday revealed significant growth in business licences and compliance indicators in the Emirate's mainland and non-financial economic free zones during 2024.

  • DEWA updates billing on water consumption

    Dubai Electricity and Water Authority (DEWA) has announced that it will adopt the cubic metre as the standard unit for measuring water consumption starting from the March 2025 billing cycle.

  • UAE, Japan to complete CEPA by end of year

    The UAE Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has said negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan will be completed before the end of 2025.