Dubai Chamber of Commerce has launched the Cyprus Business Council to strengthen ties between Dubai and Cyprus, expand trade, and promote bilateral investment across multiple sectors.
The move underscores Dubai’s role as a key hub for Cypriot businesses and investors in the region.
The council aims to provide a structured platform for companies, investors, and innovators from both countries to collaborate, exchange knowledge, and pursue joint ventures. Non-oil trade between Dubai and Cyprus reached AED 588 million in 2024, reflecting growing commercial engagement.
By the end of September 2025, 612 Cypriot companies were registered as active members of Dubai Chamber, with 71 new businesses joining in the first nine months of the year. The council’s establishment is expected to generate further opportunities for these companies to expand regionally and internationally.
The inaugural Annual General Meeting of the Cyprus Business Council was attended by George Papanastasiou, Minister of Energy, Commerce and Industry of Cyprus, Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of Economy and Tourism, and Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chambers.
George Papanastasiou described the council as a “tangible step forward in strengthening the economic bridge between Cyprus and the UAE,” emphasizing its potential to foster sustainable growth and technology transfer. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the council’s role in enhancing Dubai’s status as a global business hub.
Maha Al Gargawi noted that Dubai Chamber’s Business Councils play a central role in connecting international companies and investors, expanding cooperation, and supporting Dubai’s economic growth across all sectors.
The Cyprus Business Council joins a network of Business Councils under Dubai Chamber that represent international markets, strengthen bilateral trade, and develop long-term economic partnerships in Dubai.
News Source: Emirates News Agency
