Bangladeshi businesses seek closer ties with UAE on skills development, trade

President of the Dhaka Chamber of Commerce and Industry, Taskeen Ahmed, left, signs a memorandum of understanding with the Sharjah Chamber of Commerce and Industry in Sharjah, UAE on Feb. 27, 2025. (DCCI)
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Updated 09 March 2025
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Bangladeshi businesses seek closer ties with UAE on skills development, trade

  • Dhaka Chamber of Commerce and Industry recently signed MoUs with Dubai, Sharjah chambers
  • Bangladeshi private sectors see UAE as ‘major gateway’ to Middle East, North Africa

Dhaka: Bangladeshi businesses are seeking closer ties with the UAE on skills development, trade and investments, the Dhaka Chamber of Commerce and Industry said on Sunday after it signed agreements with its Emirati counterparts to strengthen economic cooperation.

The UAE is Bangladesh’s largest trading partner in the Middle East, with their bilateral trade volume valued at around $2 billion in 2024.

The Gulf state — home to about 1.2 million Bangladeshi expats — is also Bangladesh’s fifth-largest foreign investor.

DCCI President Taskeen Ahmed led a 29-member business delegation to the UAE last month, where he signed preliminary agreements with the Dubai Chambers and the Sharjah Chamber of Commerce and Industry to boost trade and investments between their two countries.

Bangladeshi businesses are eyeing cooperation in a number of key areas, including trade and market access, energy and financial sectors, tourism and hospitality, infrastructure and logistics, Ahmed said.

“Closer trade relations between Bangladesh and the UAE present a significant opportunity to strengthen our economic landscape across multiple sectors. I firmly believe that enhanced trade ties with the UAE can be a game-changer for Bangladesh,” he told Arab News.

“The UAE serves as a major gateway to the Middle East, North Africa, and beyond. Expanding our trade partnership will create greater market access for Bangladeshi products.”

The Dhaka Chamber is also seeking stronger collaboration in technology and skills development.

“The UAE is highly advanced in digital infrastructure, logistics, and financial services. Stronger collaboration can facilitate knowledge transfer and capacity-building, helping Bangladeshi industries adopt global best practices, enhance productivity, and become more competitive,” Ahmed added.

Under the newly signed memoranda of understanding, DCCI is set to collaborate with its Emirati counterparts “to promote bilateral trade, investment matchmaking and joint economic discussions,” with activities focused on exchanging trade delegations and strengthening business networking platforms.

“To further boost collaboration, Bangladesh aims to activate the Bangladesh-UAE Business Council, focusing on trade finance, private equity, and expanding Islamic finance,” Ahmed said.

Business leaders from the two countries are also involved in discussions to set up training centers “to improve the skill set of Bangladeshi workers” who are seeking employment in the UAE, while a direct shipping route between Chattogram and Dubai is being discussed to enhance trade efficiency.

“I believe that this mutual cooperation will enhance the value of our national bilateral relations … These initiatives will further deepen the economic and trade relationship between Bangladesh and the UAE following the MoU signing.”


Bangladesh’s leading contender for PM returns after 17 years in exile 

Updated 18 min 1 sec ago
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Bangladesh’s leading contender for PM returns after 17 years in exile 

DHAKA: Millions of supporters crowded the streets of Dhaka on Thursday to welcome Tarique Rahman, acting chairman of the Bangladesh Nationalist Party, who has returned to his country after more than 17 years in exile. 

Rahman, the son of ailing former Prime Minister Khaleda Zia, waved to the large crowds from the front of a BNP bus escorted by security, as people lined the route from the capital’s airport to a reception venue, waving national and party flags, chanting slogans and carrying banners and flowers. 

His return comes in the wake of former Prime Minister Sheikh Hasina’s ouster last year and as Bangladesh gears up to hold general elections in February, for which he is emerging as a leading contender to become prime minister. 

“As a member of the BNP, I want to say in front of you that I have a plan for the people of my country, for my country,” Rahman said as he addressed a throng of supporters in Dhaka. 

“This plan is for the interest of the people of the country, for the development of the country and for changing the fate of the people. For this, I need support from each and every one of this country.  If you people stand beside us, God willing, we would be able to implement those plans.” 

The 60-year-old lived in London after he fled Bangladesh in 2008 over what he called a politically motivated persecution. 

After facing multiple criminal convictions in Bangladesh, including money laundering and charges linked to an alleged plot to assassinate Hasina, courts acquitted him following Hasina’s removal from office, clearing the legal obstacles that delayed his return. 

Rahman’s homecoming is “significant” as it comes as Bangladesh is going through a “very critical political crisis,” said analyst Prof. Dilara Choudhury. 

“People of Bangladesh, they are expecting that there will be free and fair elections, and whoever wins will form the government and forward to the transition. In that sense, his return is significant.” 

Bangladesh will hold parliamentary elections on Feb. 12, its first vote since a student-led uprising removed Hasina and her Awami League-led government from power in August 2024. 

The South Asian nation of nearly 175 million people has since been led by interim leader Muhammad Yunus, a Nobel Prize-winning economist, who took over governance after Hasina fled to India, where she is now in self-exile. 

As the Yunus-led administration has banned Awami League from all activities, meaning the former ruling party would not be able to join the upcoming race, the BNP is on course to win the largest number of parliamentary seats, according to a survey published in December by the US-based International Republican Institute. 

“I believe a new era in our politics will start with the arrival of Tarique Rahman in the country,” political analyst Mahbub Ullah told Arab News. 

“He will take the realms of his party with his own hand and he will do all kinds of things to organize the party and lead the party to victory in the next election.”