Dubai Chambers, Bank of China sign MoU to boost trade tie

Dubai Chambers signed on Thursday an memorandum of understanding (MoU) with Bank of China – Dubai Branch to enhance co-operation and business exchanges between Dubai and China.

The agreement, signed by Dubai Chambers President Mohammad Ali Rashed Lootah and Bank of China – Dubai Branch General Manager XinYuan Pan, aims to enhance knowledge and service sharing, as well as support investors and businesses in both markets.

The signing comes ahead of the Dubai Business Forum – China, scheduled for August 21 in Beijing. The event will showcase investment opportunities in Dubai across various sectors.

It coincides with the 40th anniversary of diplomatic relations between the UAE and China, a period marked by growing trade and investment ties between the two countries.

Attribution: WAM

Subediting: Y.Yasser