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How investments in agricultural technology are accelerating UAE’s food security targets

Coronavirus highlighted the need for producing food locally The UAE’s investments in agriculture technology (AgTech) accelerated over the past year as coronavirus brought food security concerns to the forefront, industry experts said. Inefficiencies of the UAE’s over-reliance on food imports were highlighted when the pandemic, which hit the UAE in March, disrupted global supply chains. But the disruptions prompted increased interest in AgTech to bolster food security, said Bina Khan co-founder of investment fund Summit Venture Partners. And as the UAE seeks to improve its global food security ranking, entrepreneurs are asking to be part of the plan. Khan, …

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Startups To Play Much Bigger Role In Supporting Dubai’s Transition To A Digitally-Driven Economy

Dubai Startup Hub had successful collaborations with entrepreneurship ecosystem partners that enabled the initiative to serve a wider network of startups and entrepreneurs in 2020. Tech startups can help accelerate Dubai’s transition to a digitally-driven economy in the post-pandemic era, a top official at the Dubai Chamber of Commerce and Industry has said. Atiq Juma Nasib, Senior Vice President of Commercial Services at Dubai Chamber, was speaking at a roundtable of key stakeholders from Dubai’s entrepreneurship ecosystem as they brainstormed plans to boost startup support in 2021. Organized by the Dubai Startup Hub to brainstorm new initiatives and plans …

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The UAE tops MENA region rankings in World Bank’s ‘Women, Business and the Law’ 2021 report

The UAE has topped the Middle East and North Africa region rankings in the World Bank’s newly released 2021 ‘Women, Business and the Law’ (WBL) report.  The country’s ratings in the World Bank report saw a significant leap by virtue of ground-breaking legislative reforms implemented over the past few years. Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, said the massive strides made by the UAE in the latest report are the result of new laws and more than 20 legislative reforms focused on enhancing women’s …

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ONLINE F&B SALES IN UAE SURGE 255% IN 2020: ANALYSIS

New analysis on Trade Opportunities in UAE Food and Beverage Market in Post-Covid Era released by Dubai Chamber on the sidelines of Gulfood 2021.  Over 270 participants from 43 countries attended Dubai Chamber’s Gulfood Breakfast Briefing event, which familiarised visiting delegates with Dubai’s economy, business landscape and industry trends. Value of online food and beverage sales in the UAE projected to reach $619 million by 2025 and record CAGR of 8.5% over the 2020-2025 period. Al Hashemi: Dubai is a leading example of a city that has leveraged technology and global partnerships to enhance food …

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Crown Prince hails Dubai as foreign investment hub as city moves up global rankings

Sheikh Hamdan says Dubai has retained investor confidence during pandemic after city is ranked third in the latest Global Cities of the Future list Dubai Crown Prince Sheikh Hamdan bin Mohammed has hailed the emirate’s position as a global investment hub after the city was ranked third in the latest Global Cities of the Future list.Only Singapore and London were ahead of Dubai in the list, compiled by FDI Intelligence, which measured foreign direct investment flows across the world during what it called a “particularly challenging period” due to the impact of the coronavirus pandemic. …

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H.H. Sheikh Mohammed Bin Rashid Al Maktoum Launches The Invest In Dubai Platform

The “Invest in Dubai” platform was developed by Smart Dubai and the Dubai Department of Economic Development, under the supervision of the General Secretariat of The Executive Council of Dubai. H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched a specialized platform to create opportunities for investors and consolidate Dubai’s position in the global investment landscape. The new “Invest in Dubai” portal, which is considered to be the largest one-stop-shop platform of its kind by enabling investors to obtain trade licenses and launch their business easily in a …

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Opportunities in the UAE for italian companies

International Webinar  the opportunities offered by a fast-growing world area in an innovative and technologically advanced context can play the relevant role of reference market for many Italian companies.This international event aims at offering students, economic operators and institutions an analysis, with a focus also on cultural aspects, of the Emirati economic and financial world in the framework of the ongoing transformations of the international scenario. H. 9.00Institutional greetingsAntonella SCIARRONE ALIBRANDI, Pro Rector, Università Cattolica del Sacro CuoreElena BECCALLI, Dean of the Faculty of Banking, Finance and Insurance Sciences, Università Cattolica del Sacro CuoreGiovanni GOBBER, …

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Dubai builts the city of the future: District 2020

Almost 80 percent of Expo’s built environment will be retained for District 2020 For six months from October, the Expo 2020 Dubai site will be one of the most connected places in the world. But what happens after that? What happens to the Expo assets, to the art, architecture, pavilions and innovative designs on display? The legacy of Expo 2020 will remain as District 2020, an integrated community that will connect people long into the future. District 2020 will continue to support the acceleration of Dubai’s development and will be a home for innovators, families, …

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Despite coronavirus challenges, Sharjah attracts over Dhs800 million in FDI investments

2020 was arguably one of the most challenging years in human history. The onset of COVID-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing global investors leverage opportunities offered by its diverse economy, business-friendly environment and low operating costs, among other competitive advantages. At the end of 2020, the emirate attracted 24 foreign direct investment (FDI) projects worth $220 million (Dhs808.6 million), as per …

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UAE NON-OIL TRADE VOLUME COULD SEE 12.9% GROWTH IN 2021: ANALYSIS

Non-oil maritime trade currently accounts for 83% of UAE’s total non-oil trade Dubai Chamber analysis points to expected recovery in UAE non-oil maritime transport and trade this year, supported by several positive global economic trends. Dubai, UAE: The UAE non-oil trade volume could grow by up to 12.9% year-over-year in 2021, supported by an expected uptick in maritime transport activity and other positive global economic trends, according to new analysis from Dubai Chamber of Commerce and Industry. The analysis based on recent data from the IMF, the UAE’s Federal Customs Authority and UNCTAD, projected 4.8% …

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CEO of Dubai retail giant sees ‘better and faster’ rebound from virus blow

After a challenging 2020, dominated by the coronavirus pandemic, retail and entertainment in Dubai are coming back “better and faster than everyone”, according to the CEO of retail giant Majid Al Futtaim (MAF). Alain Bejjani believes this comeback will look different than the pre-pandemic retail concepts as consumers seek more digital and community-focused experiences. In an exclusive interview with Arabian Business, Bejjani spoke about the changing retail trends and how MAF is adapting to them. He also elaborated on why he is optimistic about the UAE economy in 2021 and what is in store for MAF in …

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COUNTDOWN TO 50

As the United Arab Emirates (U.A.E.) approaches its 50th birthday it has its sights set on recovery and transformation For the last 49 years, the U.A.E. has made efforts to foster an attractive business environment, which has been recognized with numerous accolades, including achieving a place in rankings as one of the happiest and one of the most competitive countries in the world.  As it readies itself to celebrate its 50th year in 2021, the COVID-19 pandemic has introduced a new set of challenges for the U.A.E., with the oil-exporting destination particularly sensitive to the reduced …

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POWERING TRANSFORMATION

HE Saeed Mohammed Al Tayer, Managing Director and Ceo of DEWA, reveals how the next 50 years in the U.A.E. will see unparalleled investment in digitalization and sustainability What is your definition of a smart city? A smart city is a city where services are integrated seamlessly into daily life and resources are optimized for maximum efficiency, making people happy. In October 2013, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the U.A.E. and Ruler of Dubai, announced a project to transform Dubai into a smart city. The Smart Dubai …

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Negli Emirati il turismo è a prova di covid e gli eventi ripartono in tutta sicurezza

Le misure di contenimento della pandemia fanno di Dubai una destinazione Covid-free, raggiungibile una volta in possesso di un tampone negativo. E diverse manifestazioni in presenza hanno sancito la ripresa del settore Duecentomila visitatori in una sola città per le vacanze di Natale e Capodanno 2020. Sembra un numero impossibile, invece è la stima per Dubai di Morgan Stanley e Nomura Holdings, che non per niente suggeriscono agli investitori di scommettere sul rimbalzo della sua industria turistica. L’emirato ha bruciato i tempi: prima il riconoscimento di destinazione sicura ricevuto dal World travel and tourism council, …

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Increasing Innovation In The UAE Through Diversity

Futuristic initiatives by the government open scope for more growth than ever for foreign businesses. The UAE is a country that has exemplified how diversification and an openness to innovation are crucial to growth. Ever since the UAE’s formation, there has been an emphasis on pursuing economic diversification, and reducing its reliance on hydrocarbons, which was a primary economic pillar. The UAE acted fasted on these intentions, and set itself on a journey to becoming a crucial industrial development hub. One of the key drivers of innovation, which is acknowledged as a priority in the …

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Sheikh Mohammad Bin Rashid says in letter written on the 15th anniversary of his Accession Day

The Dubai ruler shared a letter for residents and citizens on Sunday Dubai: January 4, 2021, will mark the 15th anniversary of the rule of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. On this occasion, Sheikh Mohammed took to Twitter to share his message with the UAE people, recalling the achievements made by the UAE over the years, with a tweet that reads: “Brothers and sisters …the people of the UAE… In 2021, we will complete 15 years in the leadership of …

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Dubai Startup Hub launches eight guides to support entrepreneurs

Guides cover key sectors of Fintech, Healthcare, Transportation, Education, F&B, Social Impact, Sustainability, and Travel, Tourism & Hospitality The Dubai Chamber of Commerce and Industry’s Dubai Startup Hub initiative has launched eight guides to help startups in the UAE do business, as the Chamber concluded its fifth and final ‘Networking Series’. Organised in cooperation with Virtuzone, the Series target startups and entrepreneurs and ran from mid-October to mid-December 2020. The new guides cover eight key sectors, namely, Fintech, Healthcare, Transportation, Education, F&B, Social Impact, Sustainability, and Travel, Tourism & Hospitality. They provide ample resources – including relevant …

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UAE enters top 10 on influential list of global countries for the first time

The UAE has for the first time entered the top 10 of an influential world rankings list. The country moved up to ninth on FutureBrand’s Country Index for 2020, with Dubai also being placed in the same spot in its similar list for key cities. Qatar, Oman and Saudi Arabia are other Middle East nations rising on the country list. Rankings are drawn up on how people perceive countries, based on qualitative and quantitative data, and include reflections from people living in each country. It said the UAE was one of the Middle East’s most …

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Dubai is set to connect the world, again

With the economy fully reopening, we must remain vigilant and follow health precautions Dubai welcomes back the world. And its national carriers are spreading their wings again to connect a world that was torn apart in the past three months because of the coronavirus pandemic. Commercial flights resume normal operations to more than 40 destinations as of today, with hassle free travel for citizens and residents, while visitors and tourists are welcome to enjoy the wonder city starting on the 7th of July, it was announced Sunday evening. The decision was made under the directives …

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Reopening of UAE economy: We are all in it together

Everyone needs to follow prescribed rules but we must also gradually resume our lives It’s a happy weekend in the UAE as more residents and citizens step out after weeks of social isolation, driven by the optimism of the gradual reopening of Dubai’s economy even as the country embraces the new normal of face masks, hand sanitisers and six-feet distancing. A whole lot of people will therefore hit the beaches, gather in public parks, throng shopping malls and fill up restaurants this weekend — bringing the familiar buzz back to Dubai and the UAE. This …

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Latest agritech help the UAE improve food production

NEW TECHNOLOGIES ARE HELPING THE COUNTRY MAKE MORE OF ITS OWN PRODUCE Over a span of just six months, Covid-19 has not only changed the way we work, celebrate occasions and stay healthy but also forced countries to take a hard look at how they feed their residents. “I believe the current pandemic has provided us the opportunity to completely reimagine the global food system,” says Tony Hunter, a global food futurist. Going urban One of the factors pushing the global agri-tech agenda is the growth and increasing density of cities. “By 2050, more than …

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Il settore del Design risponde all’ annullamento del Salone del Mobile

A seguito dell’annullamento del Salone del Mobile di Milano a causa del COVID-19, il settore del design, è pronto a ripartire attraverso il supporto della tecnologia. In particolare, l’evento tanto atteso del Fuorisalone prova a vivere lo stesso in versione digitale grazie alla riprogettazione del portale Fuorisalone.it e all’introduzione di due nuovi strumenti: Fuorisalone.tv e Fuorisalone meets, dando anche la possibilità di distribuire i contenuti sui nuovi canali Fuorisalone Japan e Fuori Salone China. L’obiettivo non è di sostituire la fiera, ma di proporre un affiancamento dei mezzi. Attraverso il digitale, infatti, le aziende hanno …

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Innovating For Food Security Through The UAE’s FoodTech Challenge

Resilient food systems are more important than ever. As the coronavirus pandemic threatens to double the number of hungry people around the world and the climate crisis continues to constrain and reshape food production, we need innovation. We need entrepreneurs ready to imagine the impossible – to use science and technology in new ways, alongside nature, to reimagine how we grow, process, distribute and eat food.  The United Arab Emirates (UAE) is at the vanguard of such reinvention. The country aims to rank among the top 10 countries in the Global Food Security Index by 2021, and as #1 …

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