ASWAQ February Issue 2013

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ASWAQ February Issue 2013


<p>Complimentary Copy</p> <p>BRIDGING YOU TO THE ARAB WORLD</p> <p>Malaysia and the Arab World</p> <p>Arabic English Monthly Magazine (15th of Every Month), Issue 50, February 2013 / PP 16000/07/2013(032927)</p> <p>Dubai Chamber of Commerce &amp; Industry</p> <p>Leading Dubai on the Path to Economic ProgressUAEs Tasweek to Hand Over Malaysia Projects</p> <p>On Board</p> <p>ASWAQ Tourist Guide</p> <p>2013</p> <p>Your Guide To Malaysia</p> <p>United Arab Emirates Dubai, Deira, Abu Hail, New Sa a Building, M. Floor, O ce 53A Tel: +971 4 2972740, 2971577 Mob.: +971 50 646 97 51 E-mail:</p> <p>Malaysia 23B, Jalan Mamanda 4, Ampang Point, Taman Dato Ahmad Razali 68000, Selangor DE. Tel: +603 4253 2978 / 79</p> <p>ASWAQ Info.</p> <p>UNITED ARAB EMIRATES</p> <p>Dubai, Deira, Abu Hail, New Safia Building, M. Floor, Office 53A Tel: +971 4 2972740, 2971577 Mob.: +971 50 646 97 51 E-mail:</p> <p>MALAYSIA</p> <p>23B, Jalan Mamanda 4, Ampang Point, Taman Dato Ahmad Razali 68000, Selangor DE. Tel: +603 4253 2978 / 79</p> <p>Chairman Dato Noor Mohamad Executive Editor-in-Chief &amp; DG Dr. Abdulrahim Abdulwahid Consultant Board Datuk Seri Azman Ujang Dato Tuan Ibrahim Executive Manager Alaa Abdulwahid PR and Publishing Manager Giath Fowze Admin. and Financial Manager Mahomoud Redwan Hejazy Sara Yasmin Editing Secretary Anas Salman Editorial Maher Ibrahim Yusuf Waswas Eiad Mahmoud Yousuf Abdul Karem Al Jamal Heba Mostafa Hashem Zanib Abdulrahim Mahmoud jaber Public Relations Basem Ayad Art Director Imam Alwaery Marketing Amal Mahfoudh Loubna Tawfiq Distribution Centers Malaysia, UAE, Saudi Arabia, Qatar, Kuwait and Oman Website Manager Ammar Janu Web. E-Mail Printing Kuan Press Sdn Bhd No. 8 &amp; 9, Jalan SR 3/7 Taman Serdang Raya, Section 3, 43300 Seri Kembangan, Selangor Darul Ehsan,Malaysia</p> <p> . ASWAQ for Consulting and Educational Services: We offer the best educational opportunities for aspiring students who wish to study in Malaysia, in many educational areas such as Aviation, Medicine, Engineering, Law, Economics, Business Administration, Nursing, Hotel Management and Hospitality Management and many others.</p> <p>: :For more information contact us at email</p> <p>4</p> <p>ASWAQ Magazine | February 2013</p> <p>Economic News</p> <p>Economic News Supervises the Business Community Dubai Chamber also supervises the interests and affairs of the business community, reviews their suggestions and facilitates their participation in regional and international economic activities. It also works on attracting investments to Dubai through introducing the investment opportunities available in the Emirate through outbound trade missions and opens new channels of communication with other foreign trading centres and commercial entities visiting Dubai with their trade delegations. Building strong international links is a major focus of Dubai Chamber in 2013. The organisation has a close relationship with the International Chamber of Commerce (ICC) as its Director General, H.E. Hamad Buamim, is Deputy Chairman of the World Chambers Federation (WCF), the ICCs arm responsible for chambers of commerce affairs for a three-year mandate which started in January. Previously, he served as one of the five Vice Chairs of WCF responsible for the Middle East region and concluded his three-year term at the end of last year. Exploring new markets is a strategic priority for the organisation as it seeks to promote its members abroad and has already opened its first overseas representative office in Baku, Azerbaijan and is ready to expand its global presence through several representative offices in promising markets of the world. At the same time, the non-profit organisation offers a wide range of services and initiatives to create a favourable business environment and encourage private sector growth in the Emirate. With part of its focus to increase Dubais competitiveness and enhance the Emirates business-friendly climate through policy advocacy and building strong links with Dubais public sector,Dubai Chamber has 41 country-specific business councils and 26 sector-specific business groups operating under its umbrella. Promotes the Services As part of its innovative approach to communicate with its members and stakeholders and in line with best international chamber practices, Dubai Chamber promotes its services amongst its local, regional and global partners through informative leaflets, brochures, research publications, ASWAQ Magazine | February 2013 7</p> <p>Dubai Chamber of Commerce &amp; Industry</p> <p>Leading Dubai on the Path to Economic ProgressDubai The Dubai Chamber of Commerce and Industry since its inception in 1965 has been an integral part of Dubais history which is sipped in its age-old sea-faring and business tradition. Today, this apex facilitator of trade and commerce is a leading chamber of commerce in the region and has kept pace with the rise of Dubai as one of the fastest growing cities in the world. Interestingly, its early membership figures of 450 members soared to over 140,000 by the end of 2012, thanks to the outstanding value-added services and facilities Dubai Chamber provides the business community in Dubai to help them develop their commercial activities and enhance their competitiveness in the global market. Leading Chamber Working deeply into its role as a leading chamber of commerce in the country and the region, Dubai Chamber has set a goal of becoming one of the best chambers in the world by implementing key activities of the best international chambers of commerce including the implementation of policy advocacy, promoting trade and business development, conducting economic research and studies and providing basic and specialised services. According to its strategic objective, Dubai Chamber plays a crucial role in highlighting Dubai as an international business hub, dedicating all its international relations to fulfill this goal through continually supporting the business community in Dubai and reacting with the economic changes worldwide. The Chamber has a clear vision to be recognised as an indispensable source of competitive advantage for the business community in Dubai. Moreover, Dubai Chambers mission is to represent, support and protect the interests of the business community by providing value-added services through which the Chamber reinforces their activities, promotes investment opportunities and activates the business 6 ASWAQ Magazine | February 2013</p> <p>Dubai Chamber of Commerce and Industry newspaper and magazine advertisements, streetside billboards, Chamber TV and a user-friendly website offering a wide array of e-services. The non-profit organisation has initiated a wide range of services and initiatives to create a favourable image of Dubai worldwide as a business friendly city. The various Dubai Chamber initiatives that seek to enhance the reputation of businesses in Dubai include the Mohammed bin Rashid Al Maktoum Business Award, the Centre for Responsible Business, Dubai International Arbitration Centre (DIAC), the University of Dubai, and Dubai Business Women Council which encourages and nurtures young female entrepreneurs.</p> <p>Dubai Chamber of Commerce and Industry environment. It voices the concerns of the business community and influences policies of interests to its members and to local, regional and international authorities. Managed by a 24-member board of directors and a Director General managing the day-to-day affairs, Dubai Chamber has a head office, a main branch and a number of representative offices located in different parts of Dubai with the aim to facilitate the delivery of its outstanding services to the members wherever they work from. The branch/representative offices are located at Jebel Ali Free Zone, JAFZA 14, Dubai Airport Free Zone, and Al Aweer.</p> <p>Economic News</p> <p>Economic News</p> <p>Dubai Chambers Strategy and Achievements</p> <p>Dubai Chamber Workshop Raises Awareness of Online TradingDubai In order to provide its members with an easy access to online trading, the Dubai Chamber of Commerce and Industry recently organized a first-of-its-kind training workshop in the region to raise awareness about the benefits of doing business through an e-commerce platform. Dubai Chamber has partnered with, a leading global e-commerce platform for small and big businesses, to provide its members with an exclusive opportunity to take their business to the next level and to help create new market opportunities. Attendees came from different economic sectors, to participate in the training workshop geared towards acquainting them on how to upload and create their own catalogue on and strategically use the platform to trade in the global market more efficiently while gaining competitive advantage.</p> <p>Dubai Dubai Chamber of Commerce and Industry puts sustainability at the heart of all its operations. As the main representative of Dubais private sector, its not only encourages businesses to become more environmentally-friendly, but it also works to strengthen investment in renewable energy, green technologies and waste and water management in the Emirate.</p> <p>Forming strategic partnerships with industry leaders is one way Dubai Chamber helps to encourage investment in Dubais eco-industries. This is part of Dubai Chambers green strategy and has seen high level discussions focus on sustainability and green technologies at the last Dubai-Hamburg Business Forum held in Dubai. Dubai Chamber helps encourage the business community to be less wasteful and more environmentally conscious through its Centre for Responsible Business. This centre regularly organizes events, training and other support to encourage sustainability among the business community. Environmental Initiatives At the same time, Dubai Chamber is leading by example through its own environmental initiatives to reduce energy consumption and reduce wastage. The organisation has managed to dispel the myth that greening existing buildings in this part of the world is difficult or expensive after it achieved LEED Existing Building in 2009 through numerous number of low cost initiatives. As such, it was the first building in the Arab world and only the fourth outside North America to receive this globally recognised environmental rating. 8 ASWAQ Magazine | February 2013</p> <p>Through simple waste cutting schemes,like switching off lights and air conditioning after business hours and capturing condensate water, as well as increased staff awareness, Dubai Chamber managed to reduce its water and energy consumption between 1998 and 2008 by 77% and 47% respectively, leading to a financial saving of around AED 7.1 million (USD 1.93 million). Major Retrofit Inspired by its previous success, Dubai Chamber undertook a major retrofit project to bring its head office up-to-date with the latest standards in security, technology, health and safety. From project pitch to delivery, the strictest green building standards have been followed, covering everything from the toxicity of paint to the use of light and movement sensors. This has gone on to create one of the healthiest and least wasteful work environments in the region, which is an example to others of what they can achieve with the will and a little imagination. Dubai Chamber regularly gives green building tours and is happy to provide more information about its energy saving and green initiatives. Visit</p> <p>Dubai Chamber of Commerce and Industry</p> <p>Membership and Exports Increase for Dubai ChamberDubai The value of exports and reexports by members of the Dubai Chamber of commerce and Industry reached AED 136.2 billion during the first six months of 2012 - an increase of 13.3%, compared to the same period in 2011. Dubai Chambers half year data shows that its members exports and re-exports between January and June 2012 were worth AED 16 billion more than the same period in 2011, when they were valued at AED 120.3 billion. Also, breaking a record in May 2012 as Dubai Chamber members exports and re-exports achieved the highest monthly tally of AED 28 billion since the founding of Dubai Chamber in 1965. This particular month registered a 26.3% growth compared to May of 2011 which had a total of AED 22.1 billion while the monthly figure of AED 19.7 billion in February was the lowest during the six month period. During the first half, Dubai Chamber issued a total of 373,000 certificates of origin (COs). This is an increase of 8.4%, compared to the 344,067 certificates of origin issued during the first six months of 2011. May was the month with the highest number of certificates issued</p> <p>70,000, while February was the month with the least 57,000. Between January and June, a total of 7,000 new members joined Dubai Chamber. This is a 30% increase on the same period in 2011 when 5,233 new members joined. This increases the total number of Dubai Chamber members to over 135,000 by the end of June 2012. 9</p> <p>ASWAQ Magazine | February 2013</p> <p>Economic News</p> <p>Economic News</p> <p>Seven UAE Organisations Receive CSR LabelDubai Seven major organizations were presented the Dubai Chamber CSR Label during a ceremony held at the Dubai Chamber of Commerce and Industry premises. The awardees were honoured for their e ff orts to become leading businesses in corporate social responsibility and sustainability. The seven organizations included Palm Utilities, Unibeton, Global Village, UAE Exchange as well as Nail Spa and QBG, both receiving this honour for the second year running, while NBAD became the first Abu Dhabibased organisation to receive the Dubai Chamber CSR Label in the country. Presenting the CSR Label, H.E. Hamad Buamim, Director General, Dubai Chamber, congratulated the awardees stating that their efforts were a source of inspiration for the entire business community.All the recipients here today are CSR pioneers in the region and are helping to promote best business practices by leading by example, he said.</p> <p>20 Overseas Offices for Dubai ChamberDubai The Dubai Chamber of Commerce and Industry plans to open representative offices in various upcoming markets in different parts of the world. The Chamber has identified 20 such markets, sources said. Dubai Chamber recently opened its first ever overseas office in the Azerbaijani capital of Baku which is seen as a giant leap forward in establishing the global presence of UAE companies in Central Asia and the Caucasus region. The new office will open up a gate of opportunities for Dubai businesses in the emerging Caucasus markets and explore joint partnerships in various lucrative economic sectors of the country and its surrounding region. It will also lead to a two-way trade as Azerbijan companies will get all the information the...</p>