DMCC signs MoU with Reuters

Dubai, UAE; 13 November 2013: Dubai Multi Commodities Centre Authority (DMCC) has signed a Memorandum of Understanding (MoU) with Reuters Ltd. (Thomson Reuters) to further explore cooperation between the two parties by enhancing value added products and services that benefit customers and free zone members.

Held at Almas Tower, the tallest commercial tower in the Middle East, the MoU signing ceremony was attended by DMCC and Reuters officials who discussed the terms of the new agreement, which include a range of initiatives that add value to current products and services available, with a focus on events, networking and thought leadership.

Ahmed Bin Sulayem, Executive Chairman, DMCC, said:

“Since the establishment of the DMCC Free Zone just over 10 years ago we have welcomed over 7,500 member companies from across the globe to Dubai. The terms of the MoU signed with Reuters will no doubt enable us to further innovate for the benefit of our members. Today DMCC is the largest and fastest growing free zone in the UAE due to their continuous focus on enhancing products and services that enables start-ups through to multi-nationals to succeed.

In just a few years and more so over the past couple of years DMCC has become His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai’s most successful and influential free zone”.

With 65 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 75,000 people working and living within the DMCC Free Zone at Jumeirah Lakes Towers. With an average of 200 companies choosing to join DMCC each month and a 94% retention rate, DMCC also remains the UAE’s fastest growing free zone.

DMCC signs MoU with Dubai World Central to explore mutual benefits for its Free Zone members

  • Explore the creation of a ‘joint passport’ initiative whereby mutual customs regulations allow for formal recognition of licence holders operating within either of the free zones
  • Explore the establishment of a logistics centre including but not limited to perishable goods
  • Explore the establishment of a DMCC Tradeflow warehouse park where clients can store their goods in the DWC

Dubai, UAE; 9 November 2013: Dubai Multi Commodities Centre Authority (DMCC) has signed a Memorandum of Understanding (MoU) with Dubai Aviation City Corporation (DACC), the entity responsible for the development of Dubai World Central (DWC), to further explore cooperation between the two parties to enhance the ease of doing business for members.

The MoU signing ceremony was attended by DMCC and DWC officials who discussed ways of enhancing cooperation between them to further cement Dubai’s status as a global hub for trade and enterprise.

Ahmed Bin Sulayem, Executive Chairman, DMCC, said:

Part of being the largest and fastest growing free zone in the UAE is to continue innovating and improving efficiencies for the DMCC Free Zone members to enable them to operate at the fast pace required in today’s era. Signing an MoU with Dubai World Central marks the next natural step in mutual cooperation between free zones in the region, creating an optimum environment for the trade of commodities in Dubai for the benefit of economic growth across the Emirates.”

Under the terms of the MoU, the DMCC and DWC will explore ways for members to avail of products and services provided by both parties under one licence, also referred to as a ‘joint passport’ initiative. Members operating under such a licence would also benefit from access to warehouse facilities in addition to a logistics centre appropriate for but not limited to perishable goods.

Members could also benefit from DMCC Tradeflow, the online exchange for physical commodities in the UAE. The platform offers a formal warehouse inspection and ratings programme to mitigate risk for financiers and commodity owners.

Commenting on the MoU, Rashed Bu Qara’a, Chief Operating Officer, Dubai Aviation City Corporation said: “This MoU with the DMCC will enable clients and members to explore future projects that could enable businesses operating from either parties to take advantage of a host of products and services. The integrated model of DWC with excellent connectivity and modern facilities will enable customers to establish and expand their business in the UAE and the region. The partnership is a testimony of our efforts to continue to offer a business friendly platform with access to world-class infrastructure.

-ENDS-

Tallest Swiss Tower in the World opens in DMCC’s JLT Free Zone

  • The Swiss Tower in JLT is taller than any tower in Switzerland and the tallest of its kind in the world
  • Swiss Business Council Dubai & Northern Emirates organises Opening Ceremony

Dubai, UAE; 30 November 2013: The Swiss Tower, the first “country branded” tower in the UAE, officially launched on 29 November 2013. The 40-floor tower in the DMCC Free Zone, the largest and fastest growing free zone in the UAE, has a total structural height of 167 metres. Construction of the Swiss Tower was completed in 2010 and the Swiss Business Council Dubai & Northern Emirates moved in early 2012.

[caption id="attachment_1148" align="aligncenter" width="256" caption="Ahmed Bin Sulayem, Executive Chairman, DMCC, opens the Tallest Swiss Tower in the world in JLT"][/caption]

The opening ceremony was attended by over 150 dignitaries including Swiss President of the Council of the States, H.E. Filippo Lombardi; Ahmed Bin Sulayem, Executive Chairman, DMCC; Swiss Ambassador, H.E. Andrea Reichlin; Walter Deplazes, Consul General Switzerland; and Urs Stirnimann, Chairman of Swiss Tower Interim Owner Association.

During the ceremony, Ahmed Bin Sulayem, Executive Chairman, DMCC commented:

“Choosing DMCC and Jumeirah Lakes Towers as the destination for Swiss Tower further highlights the strong trading ties between Geneva and Dubai as ‘sister cities’, and the strength of Dubai as a global hub for commodities trade and enterprise. DMCC is now the UAE’s largest and fastest growing free zone with over 7,400 members with over 150 Swiss member companies. We are certain that the establishment of Swiss Tower creates a world-class environment for Swiss corporations here at the DMCC Free Zone.”

The Swiss Business Council, Switzerland Tourism, Swiss ILC Management Services and many other Swiss companies have their offices in the Swiss Tower. It is the tallest tower of its kind in the world and is also taller than any tower in Switzerland.

With 65 mixed-use commercial and residential towers and over 220 retail outlets in operation, there are currently over 75,000 people working and living within the DMCC Free Zone.

Kobe Bryant Receives DMCC Trade Licence to do Business in Dubai

  • Basketball superstar’s first trip to Middle East began with an exclusive press show at Almas Tower
  • DMCC’s Executive Chairman Ahmed Bin Sulayem presented Kobe Bryant with a DMCC Free Zone Licence
  • DMCC’s role as title sponsor of the weekend highlights the Free Zone’s commitment to promoting a healthier and more active UAE

Dubai, UAE; 25 September 2013: Today marked the beginning of the highly anticipated Kobe Bryant Health and Fitness Weekend, presented by the Dubai Multi Commodities Centre Authority (‘DMCC’).  The Weekend officially commenced today with a press show held at DMCC’s headquarters in Almas Tower, the tallest commercial tower in the Middle East.

The event opened with introductory speeches from Kobe Bryant; DMCC Executive Chairman Ahmed Bin Sulayem; Dr. Ghada Aoun, Medical Director and Specialist Endocrinologist & Diabetologist at Boston Diabetes and Endocrine Centre; and Sarah Omolewu, Managing Partner, Maven Marketing & Events; with a strong focus on the parallels between a healthy lifestyle and success in sports and business.

Ahmed Bin Sulayem, Executive Chairman of DMCC, also took the opportunity to present Kobe Bryant with a DMCC Free Zone business licence (recently announced as the largest free zone in the UAE), that will enable the basketball star and business mogul to operate a business from Dubai with 100 per cent ownership and 0 corporate tax.

“We are honoured to welcome Kobe (Bryant) to Dubai, especially as this is his first visit to the Middle East but also because he is here to help raise awareness of the importance of health and fitness. Health is the world’s most precious commodity and a topic we are passionate about here at DMCC.

“Now the largest and fastest growing Free Zone in the UAE with a growing global presence, we are excited to introduce Kobe – who continuously inspire people across the globe in sports and in business – to the DMCC corporate family by presenting him with a DMCC Free Zone business license”, said Ahmed Bin Sulayem, Executive Chairman, DMCC.

When asked about his first impressions of Dubai, Kobe Bryant said:

This is my first trip to Dubai, I’m going to use it to learn about the cultural and business priorities of the region and to understand how they align with my core competencies.”

The Kobe Bryant Health and Fitness Weekend will continue tomorrow with a youth basketball skills clinic for 40 lucky students at GEMS American Academy in Abu Dhabi. Bryant will be joined by players from the Real Madrid basketball “Legends” team, giving the students access to quality training from some of the best in the business.

The weekend will culminate in the highly anticipated celebrity basketball game on 27th September at the state-of-the-art Knights Arena at American University in Dubai. Bryant will lead the warm-up and coach a team of celebrity players, called Team Black Mamba.  Playing against Team Black Mamba will be the Real Madrid basketball legends.

More information on the Kobe Bryant Health and Fitness Weekend presented by DMCC is available on: http://www.kobefitnessuae.com.

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