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EXPO 2020 may be postponed by one year due to COVID-19

DUBAI, 30th March, 2020 (WAM) — Expo 2020 Dubai has convened a second virtual meeting of its Steering Committee, with representatives of the countries taking part in the event, as part of ongoing consultations that the impact of coronavirus, COVID-19, will have on global preparations of Expo 2020 Dubai. Participating countries briefed the Steering Committee on the global precautionary measures that have to be taken to ensure the health and safety of all those involved in the preparation of this mega event. The Steering Committee reviewed with grave concern the major impact that the spread …

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UAE is manufacturers’ top choice in Middle East

The UAE remains the Middle East’s most popular destination for foreign manufacturing investments. The UAE secured 20 greenfield FDI projects in manufacturing in 2018, outstretching its neighbouring Middle East countries, according to greenfield investor monitor fDi Markets. Saudi Arabia and Oman respectively attracted 11 and seven manufacturing projects, while Bahrain, Israel, Qatar and Iran combined recorded just 50% of the UAE’s intake. Within the UAE, Dubai received the most investment announcements, with 14. The Jebel Ali free zone – just outside Dubai – was the most popular free zone, with five projects established or announced there. US …

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Coronavirus: Dubai reveals Dhs1.5bn stimulus package to support businesses

Package includes cancellation of some fees, reduction in utility bills for three months Dubai has unveiled a stimulus package worth Dhs1.5bn to support businesses in the emirate to help counter the impact of the coronavirus outbreak. Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said the three-month economic stimulus package seeks to enhance liquidity in the market by reducing certain fees. The package includes 15 initiatives focused on the commercial sector, retail, external trade, tourism, and the energy sector. The measures will be introduced with immediate effect and will be valid for …

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How ‘Ghadan 21’ is transforming Abu Dhabi’s economy, community

Abu Dhabi: The Abu Dhabi government accelerator programme, Ghadan 21, has transformed the emirate’s economy, knowledge ecosystem and community, said Sheikh Khalid Bin Mohamed Bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, marking a year since the launch of the Dh50 billion programme. Envisioned by His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Ghadan 21 was launched to support and deliver the transformation of the emirate’s economy, knowledge ecosystem, and …

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UAE’s rapid economic growth fueled by Expo 2020, nuclear energy investment, new gas finds

As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced over the past few months, giving multiple shots in the arm for the country’s economy, according to international economists. Several indicators, supported by specialist international reports, show the UAE economy approaching significant milestones in various sectors and platforms, most notably the energy sector, where two gas finds have recently been announced in Dubai and Sharjah. Abu Dhabi National Oil Company, ADNOC, also declared plans to increase its …

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the UAE economy is expected to make significant strides in 2020

In collaboration with the Federation of Arab News Agencies, FANA, the Emirates News Agency, WAM, produced a detailed report on the current status of the UAE economy.  As 2020 unfolds, the positive dynamic in January and February is auguring well for the UAE, with new gas finds and a series of mega developmental projects, announced over the past few months, giving multiple shots in the arm for the country’s economy, according to international economists. Several indicators, supported by specialist international reports, show the UAE economy approaching significant milestones in various sectors and platforms, most notably …

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UAE named most award-winning country in the world in travel report

According to a report by a travel agency, the UAE has been ranked as the world’s best travel destination The agency looked at more than 3,000 destination awards by countries from around the world from 2015-2019 DUBAI: If you’re unsure of where to travel in 2020, let the online travel agency Love Holidays help guide your decision. According to a report by the agency, the UAE has been ranked as the world’s best travel destination for jetsetters to visit. What catapulted it to the top spot? Things like travel, hospitality, destination, business and entertainment. Coming in …

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How safe is the UAE?

How safe is the UAE? The UAE was ranked the safest country on earth, according to officials last March, who said 96.1 per cent of residents felt safe enough to walk outside at night. The announcement was made by Lieutenant General Dhahi Khalfan Tamim, deputy chairman of Police and Public Security, in Dubai at the 12th International Symposium for Police Best Practice. He said, “the UAE’s policies and strategies were behind the achievement to make the country the safest in the world.” Singapore came second with 94 per cent of people saying they felt safe …

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What’s driving Abu Dhabi’s maritime logistics and trade growth?

Abu Dhabi has strengthened its position as a regional trade and logistics centre, with container traffic at the emirate’s Khalifa Port rising by 82.4% year-on-year in the first half of 2019 The port processed 1.1m twenty-foot equivalent units (TEUs) between January and the end of June, according to manager and operator Abu Dhabi Ports, a significant increase on the 621,000 TEUs handled during the same period in 2018. Abu Dhabi Ports manages and operates 10 ports and terminals in the UAE, including the Port of Fujairah, Zayed Port and Mussafah Port, and one port in the …

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UAE economy to grow by 2.3 percent in 2019: Central bank

The economy in the United Arab Emirates (UAE) is projected to grow by 2.3 percent in 2019, the country’s central bank said on Wednesday, trimming its forecast from September when it said the Arab world’s second-biggest economy would grow by 2.4 percent. The economy grew by 1.7 percent in 2018. The central bank said the improved growth outlook for 2019 compared to last year is due to rising public and private spending at the federal and emirate levels, higher investment ahead of the Dubai Expo 2020 event and continued regional economic recovery. The UAE central …

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Space Exploration: Across the final frontier

The UAE space sector is a regional benchmark for various unique reasons In the 1970s, the late Shaikh Zayed Bin Sultan Al Nahyan articulated his vision of the UAE as a pioneer in space. Since then, UAE has been working steadily to grow its capabilities in space, and over the past few years since the UAE Space Agency’s founding, its space sector has grown to become the leader in the regional sector. This has shown the entire world the limitless ambition and talent of the UAE’s people when it comes to advancing our understanding of …

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The UAE celebrates the 48th anniversary of the union of the seven emirates

This occasion marks a sincere reflection of the federation’s journey over 48 outstanding years of monumental events and achievements, building on the foundation that was first laid down by the late Sheikh Zayed bin Sultan Al Nahyan and his brothers, the fellow founding fathers. Since then, President His Highness Sheikh Khalifa bin Zayed Al Nahyan has followed in their footsteps, leading the nation on a journey of continuous progress and prosperity at all levels. This national occasion is an opportunity to celebrate the UAE’s achievements over the past years. Following the directives of His Highness …

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Dubai 2020: al via il Padiglione Italia, resterà eredità Expo

Posa della prima pietra. Buffagni: ‘Impegno perché diventi museo design’ I 4,38 chilometri quadrati su cui il 20 ottobre 2020 si accenderanno le luci scintillanti della prima Esposizione universale del Medio Oriente, oggi sono un cantiere zeppo di gru e macchinari in movimento, che animano un immenso cantiere in piena attività intorno alla struttura già ben visibile della Al Wasl (che in arabo significa ‘connessione’) Plaza, la gigantesca cupola che sarà il vero cuore dell’Expo 2020 di Dubai. E’ in questo scenario che l’Italia ha avviato ufficialmente, con la cerimonia della posa della prima pietra, i lavori …

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Dubai Airshow 2019 a roaring success

The world of aviation has once again showed its confidence in Dubai Airshow Dubai has every reason to feel on top of the world. The roaring success of the latest edition of the Dubai Airshow proves that the mega event is a perfect platform for new ventures, innovations and ideas. So much so that Major General Pilot Ishaq Saleh Al Blooshi, Deputy Executive Director of the Military Organising Committee of the Dubai Airshow 2019, has revealed that the committee has already started receiving bookings from exhibitors wishing to participate in the 17th Dubai Air Show …

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Mubadala and Khalifa University of Science and Technology Formalize R&D Collaboration for the Future

Mubadala Investment Company and Khalifa University of Science and Technology have signed an agreement to expand their industry-leading aerospace R&D collaboration on the Aerospace Research and Innovation Center (ARIC). Mubadala Investment Company, Abu Dhabi’s sovereign investor, and Khalifa University of Science and Technology (KU), a research university dedicated to the advancement of learning through the discovery and application of knowledge, have signed an agreement to expand their industry-leading aerospace R&D collaboration on the Aerospace Research and Innovation Center (ARIC). The collaboration aims to support the UAE’s ambitions for developing a global and competitive aerospace hub to address …

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Latifa bint Mohammed inaugurates fifth edition of Dubai Design Week

2019 edition of the Middle East’s largest creative festival opens Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture & Arts Authority, inaugurated on Tuesday the fifth edition of Dubai Design Week, consisting of over 200 events and over 150 participating organisations. Staged in strategic partnership with Dubai Design District (d3), the strategic support of Dubai Culture & Arts Authority (DCAA), and the support of Audi and A.R.M. Holding, the fifth edition of Dubai Design Week is its most multidisciplinary and extensive programme to date. The week-long festival, held under the patronage …

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Maserati, lo showroom più grande del mondo inaugurato a Dubai

La Casa del Tridente riorganizza la sua presenza in uno dei mercati più interessati ai modelli premium con un’area espositiva di 3644 mq che offre di tutto e anche di più agli appassionati del brand italiano  Inaugurato a Dubai il nuovo showroom Maserati: si tratta della più grande area espositiva di 3644 mq del mondo per il marchio del Tridente. E’ quattro volte più grande del precedente showroom ed è progettato per fornire agli appassionati del marchio italiano che lo visiteranno un’atmosfera inedita. Il nuovo showroom si estende su cinque piani con due livelli sotterranei …

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UAE to Play Active Part in Mapping of Global Maritime’s Future

The United Arab Emirates (UAE) has successfully managed to maintain a leading position in the world’s thriving maritime segment. Over the years, the country has been able to leverage its key strengths and capabilities to earn its place as one of the best countries in the world. In line with this, the UAE has revealed completion of its preparations for re-nomination as a Category B member of the International Maritime Organization (IMO) Council for the 2020-2021 term. Elections for membership will be held on November 29, 2019 in London.  The UAE, which operates 20 leading …

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Global energy heavyweights to discuss ‘Oil and Gas 4.0’ at Adipec

Former US Secretary of State Condoleezza Rice will headline the event in Abu Dhabi Chief executives from BP, Total and Eni are among top-brass of the global energy landscape convening for the industry’s must-attend Abu Dhabi International Petroleum Exhibition and Conference in the capital, which begins on Monday. “Oil and Gas 4.0”, the theme for this year’s Adipec, will explore how upstream companies can navigate the new and challenging times facing the industry. A bearish oil market, slowing global economic growth and demand concerns, as well as a hostile narrative on hydrocarbons, have all overshadowed the industry for much of …

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A new era of culture: the day Louvre Abu Dhabi was inaugurated

It happened two years ago today It was on Wednesday, November 8, 2017 that Louvre Abu Dhabi’s inauguration ceremony took place, welcoming leaders from around the world. By then, it had been a decade since the project had been approved by the French Parliament and the Louvre Museum in Paris signed a $525 million (Dh1.92 billion) agreement, allowing the capital’s government to use its name for 30 years. “The [museum] will be a meeting point for lovers of art, culture and beauty all around the world,” said Sheikh Mohammed bin Rashid, Vice President and Ruler of …

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HH Lt. General Sheikh Saif bin Zayed presented with Abu Dhabi’s five-year cultural strategy

His Highness also visited the site of Zayed National Museum to showcase UAE history and the life of the nation’s Founding Father His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has been briefed by representatives of the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) on the Culture achievements to date and planned milestones of Abu Dhabi’s five-year Culture Sector Strategy. His Highness then visited the site of Zayed National Museum, currently under construction. Located in the Saadiyat Cultural District on Abu Dhabi’s Saadiyat Island, the coming …

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Global Future Councils explore systems leadership

Systems leadership can change the world, speakers said at the fourth Annual Meeting of the Global Future Councils, which started today in Dubai, bringing together nearly 700 leading experts from around the world to generate ideas and answers for solving the most critical challenges facing humanity today. The meeting is hosted by the Government of the United Arab Emirates in partnership with the World Economic Forum,WEF, which focuses on harnessing digital innovation and developed a national strategy for the Fourth Industrial Revolution. Systems leadership is a set of skills and capacities that any individual or …

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Sheikh Sultan opens Sharjah International Book Fair

11-day event runs from October 30 to November 10 at the Sharjah Expo Centre Societies cannot flourish without freedom of expression, which must be allowed room to grow, local and international guests of Sharjah International Book Fair (SIBF) heard on Wednesday. The call came from His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, during his address at the opening ceremony of SIBF at Expo Centre Sharjah. He commented on the emirate’s groundbreaking achievement of being named the “World Book Capital 2019” by explaining how there …

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The Skyway is the new transport project to beat traffic in Sharjah

Unicars, the hanging track transport system, is being developed in Sharjah Sharjah has found the solution to beat the traffic jams as it is in the process of introducing the hanging railway system called ‘The Skyway Project’. The trial run of Skyway project using the hanging pods named ‘Unicars’ is set to begin soon at the manufacturing facility in Sharjah. The hanging track or the elevated railway system will be the future of transport for passengers and even cargo in Sharjah. His Highness Dr Sheikh Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council …

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