Dubai expands global network with new Cyprus business Council

The Dubai Chamber of Commerce has announced the creation of the Cyprus Business Council, a new platform designed to strengthen trade, investment, and business cooperation between Dubai and Cyprus.

The initiative underscores Dubai’s role as a growing hub for Cypriot investors. In 2024, non-oil trade between the two sides reached AED 588 million, and by Q3 2025, 612 Cypriot companies were registered with the chamber, including 71 new businesses added this year.

The council’s first Annual General Meeting was held in the presence of George Papanastasiou, Cyprus’ Minister of Energy, Commerce and Industry, alongside senior UAE officials.

Papanastasiou hailed the new council as “a structured platform” that will encourage joint ventures, technology transfer, and sustainable growth.

Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, said the council will open new opportunities for Cypriot companies and strengthen Dubai’s position as a global business hub.

Dubai’s network of Business Councils works closely with international investors to enhance bilateral partnerships and support the emirate’s economic expansion.