HE Abdul Rahman Saif Al Ghurair, 1st Vice Chairman of Dubai Chamber of Commerce & Industry, has been elected Chairman by the august body’s Board of Directors yesterday at a meeting held at the Chamber premises. Majed Hamad R. Al Shamsi is voted the 1st Vice Chairman and Hisham Abdullah Al Shirawi the 2nd Vice Chairman.
Helal Saeed Al Marri, a Board Member, is promoted as member of the Executive Committee and has also been chosen Vice-Treasurer. Abdul Jalil Yousuf Darwish retained his previous position as Treasurer and the two other Executive Committee members, Rashid Humaid Ali Al Mazroie and Raja Easa Al Gurg have been reelected.
The election meeting was presided over by the outgoing Chairman, HE Obaid Humaid Al Tayer, who is now Minister of State for Financial Affairs. Al Tayer thanked the new Board of Directors and encouraged them to do their best and to take forward the new strategic plan of the Chamber that complements Dubai Government’s Strategic Plan 2015.
During the meeting the Board Members also approved the financial report for the year 2007. The Board also approved the auditor for the financial year 2008 and also approved the amendments of the Human Resources directory as well as the Chamber’s new regulatory structure and the financial statements for University of Dubai for the year ending August 31, 2007.
The Executive Committee supervises the Chamber’s financial and administrative affairs in conformity with the Executive Regulations and the
decisions made by the Board that manages Dubai Chamber’s affairs and activities and is directly involved in planning the Chamber’s general policy, adopting necessary plans, programmes and events within its powers, strategy, general objectives, business requirements and the country’s needs. The board also reviews laws pertaining to the economic life and suggests amendments that cater to the private sector’s needs. It also recommends researches relevant to the general economy and the business activities, approves the Chamber’s annual budget and endorses signing of memorandums of understanding and agreements of cooperation with other chambers, associations or bodies.
The Board of Directors also receives trade delegations and organises promotional tours aimed at consolidating the emirate’s foreign trade relations, to promote its economy and to highlight its investment opportunities. It issues the Executive Regulations of the Chamber’s Law, other by-laws, decisions, and instructions that regulate the administrative, financial and organisational affairs, in addition to appointing the Director General and his Deputy, expressing points of view regarding the issues referred to the Board by the Ruler or any of the governmental bodies or institutions.
HE Abdul Rahman Saif Al Ghurair is a senior member of the multi-billion Al Ghurair Business Conglomerate including the Abdul Rahman Saif Al Ghurair Investments LLC. Al Ghurairs have interests in many sectors of trade, industry and commerce such as information technology, manufacturing, fast moving consumer goods, banking, insurance, finance, investments and money exchange, real estate and property development, shopping malls, cement, shipping and transportations, constructions, printing and publishing, advertisement and publicity, packaging, food grains, steel, aluminium and extrusions, services etc.