Day: November 7, 2022

Hosted by Dubai Chamber of Commerce Sustainability Network, knowledge sharing event highlighted various aspects of planning initiatives to reduce CO2 emissions within business operations.

Dubai, UAE: The Dubai Chamber of Commerce Sustainability Network’s Task Force on Managing Carbon Footprints recently organised an event offering valuable insights and guidance on how businesses can reduce carbon emissions and transition to becoming net zero.

The event, titled Sustainability Management Simulation – Net Zero, examined different activities, tools and methods that can be adopted to reduce carbon emissions in line with the UAE Net Zero by 2050 Strategic Initiative, a national drive to bring carbon emissions to zero by 2050.

Participants learned about key aspects that should be considered as part of any net zero plan, such as industry, location, timeline, financial budget, stakeholders engagement, training and development for employees, sustainability team, carbon budget and sources of emissions, as well as tracking and evaluation.

During the event, Dr. Tim Rogmans, Associate Professor, College of Business, Zayed University, facilitated the session and guided companies through a simulation and analysed participating companies’ data and results. The majority of the companies that took part in the simulation were projected to achieve 50 percent reductions in carbon emissions with their planning.

Dr. Tim Rogmans said the simulation aimed to help companies better understand the challenges and benefits associated with reducing greenhouse gas emissions. He noted that carbon reduction strategies can help reduce costs and increase revenues, adding that companies utilising the right tools and methods can maximise the positive impact of net zero plans.

Launched in 2010, Dubai Chamber of Commerce Sustainability Network is an essential platform for the business community to exchange information and experiences on matters related to corporate social responsibility and sustainability.

The Network is a platform for member companies to identify and share expertise on CSR and Sustainability challenges and develop practical solutions, while it also provides the opportunity for members to engage with key stakeholders including government bodies.

Source: Dubai Chamber of Commerce & Industry

DUBAI: Dubai real estate market recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million, and 30 gift deals amounting to AED76.3 million on Monday, data released by Dubai’s Land Department (DLD) showed.

The sales included 653 villas and apartments worth AED1.65 billion, and 62 land plots worth AED624.87 million

The mortgages included 178 villas and apartments worth AED696.76 million and 23 land plots valued at AED297.14 million, bringing the total realty transactions of today to over AED3.3 billion.

Source: Emirates News Agency

Dubai Customs received a visiting delegation from Dubai Culture and Arts Authority (Dubai Culture) to share experience on the best practices and approaches to corporate excellence and operations management adopted in Dubai Customs.

The delegation learned about how Dubai Customs has built capabilities to deliver high standards of corporate excellence and business performance by continually upgrading its customs and trade services and facilities to ensure higher customer satisfaction and happiness while providing real added value and benefit for the business sectors operating in Dubai. The organization’s overall innovation and technology transformation strategy was also presented in the meeting.

During the meeting, representatives of the Quality Assurance and Corporate Governance Section at Dubai Customs presented their plans for carrying out quality enhancement projects, internal audits on quality management systems, facilitating and supervising external audits in this regard in cooperation with concerned business units, as well as action plans for nurturing the quality culture in the organization.

The Dubai Culture’s visiting team expressed their appreciation of Dubai Customs’ leading experience in terms of corporate excellence and implementation of global best practices in organizational performance development.

Dubai Customs is strongly committed to exchanging expertise and experience with all federal and local government agencies, especially strategic partners, to boost joint government action towards improving performance and leveling up government services while enhancing customer experience.

Source: Dubai Customs

SHARJAH, The Sharjah Chamber of Commerce and Industry (SCCI) has separately received two high-ranking delegations from the Tunisian Consulate in Dubai and the Latin Chamber of Commerce of the United States, and discussed with them ways to boost economic relations and enhance mutual coordination.

The chamber and the two delegations also explored avenues of enhancing mutual investments in various fields and agreed on the need to exchange business visits to improve their economic collaboration and reinforce their business partnerships.

Abdullah Sultan Al Owais, Chairman of the SCCI, received Yousif Bayoud, Director, Tunisian Commercial Trade office, Tunisian Consulate in Dubai, and discussed with him mechanisms for bolstering economic cooperation and partnership between the two countries and how to further their business and investment collaboration. The meeting also touched on ways to develop new areas of commercial exchange and increase exports.

Additionally, both sides discussed the possibility of signing cooperation agreements, exchanging trade missions, and participating in exhibitions organised in both countries.

Al Owais called on the Tunisian Consulate in Dubai to encourage their country’s businessmen to visit Sharjah to learn about its economic opportunities, and take advantage of the emirate’s unique investment advantages and facilities offered across various economic sectors, adding that Sharjah has grown to become a vital regional hub for doing business and expanding in regional markets.

Yousif Bayoud, expressed his appreciation for the chamber’s ongoing efforts to deepen the bilateral business cooperation with Tunisia as well as for its key role in strengthening frameworks of cooperation and coordination to better serve the common goals and interests of both nations.

He stressed that Tunisia enjoys promising and attractive investment areas, especially in the agricultural, industrial, and food sectors, that are supported by encouraging economic legislation and qualified human cadres.

Meanwhile, Al Owais also received Joe Chi, President of Latin Chamber of Commerce of the United States, and briefed him on Sharjah’s business environment and its privileges, as well as the advantages offered by the emirate to all investors and the most promising areas of investment.

Both sides have also discussed ways to promote their collaborations and exchange the best practices adopted by the Sharjah Chamber in the field of serving its members and affiliates and the areas of support the chamber provides to the local business community and investors in Sharjah.

Source: Emirates News Agency