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EXPORT ITALIA-EAU: NEL PRIMO TRIMESTRE 2022 +14,3% RISPETTO ALLO SCORSO ANNO

Forte aumento di esportazione nell’agroalimentare e gioielleria. Bozzetti (EFG): “L’interesse degli emiratini abbraccia ogni settore d’eccellenza italiano” Milano, 22 luglio 2022 – Nel primo trimestre del 2022, l’Italia ha esportato negli Emirati Arabi Uniti beni per 1287,22 milioni di euro, segnando un +14,3% rispetto allo stesso periodo dello scorso anno. Il trend di crescita continua in territorio positivo anche ad aprile, con un incremento su base annua del 15,5%: in particolare, i settori che vedono un forte aumento di esportazione verso gli EAU sono quelli relativi all’agroalimentare (che segna un +49%) e alla gioielleria (+13%). “I dati …

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Dubai reveals priorities as it positions itself as a global business hub

How Dubai aims to double the economy over the next few years, establish itself as a global business hub and rank number one in quality of life Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, recently launched “Dubai Global”, an initiative to establish 50 integrated commercial representative offices for Dubai in five continents across the world during the next few years, as part of Dubai’s goal to position itself as one of the best business hubs in the world. The UAE also rolled out incentives to attract 300 digital companies in …

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UAE President Sheikh Mohamed sets out his vision in address to the nation

Head of state says his country will champion peace and stability while continuing on a path of growth President Sheikh Mohamed has set out his vision for his country, urging all people of the UAE to seize the opportunities before them to prosper. The head of state stressed that hard work, dedication and innovation would continue the strong growth the Emirates has seen in recent years. In a broadcast on Wednesday evening, he said that empowering the nation’s people was the top priority for its leaders. Sustainability, transparency, sovereignty and security are also crucial, he stressed. He said: …

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Dubai’s non-oil economy jumps to three-year high in June led by growth in travel, construction sectors

The survey found businesses “were increasingly confident of a rise in output over the coming year,” with confidence rising to the highest since last October Dubai’s non-oil economy has continued its upward trend in June, led by high travel demand, as well as the increase in new work in the construction sector. The seasonally adjusted S&P Global Dubai Purchasing Managers’ Index – which looks at output, new orders, employments, suppliers’ delivery time, and stocks of purchased goods – rose for the second month to 56.1 in June, from 55.7 in May – the highest reading …

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UAE’s ‘NextGenFDI’ makes sense amid ‘fierce global competition’ to attract top digital firms, expert says

The UAE, in recent years, have set ambitious strategies to modernise its economy – with a huge focus on becoming a global business hub attracting both firms and talent The recent move of the UAE government to ease bureaucratic red tape for digital businesses makes sense in a fierce global competition to attract them, the Middle East head of global law firm Reed Smith said. Last week, the government announced “NextGenFDI,” particularly to attract more digital businesses to set up in the country. “Digital technologies are unique and have unique needs.  Their B2B and B2C interactions are …

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Dubai to raise clean energy usage to 14 percent by end of year

This supports the Dubai Clean Energy Strategy 2050 to provide 100 percent of the emirate’s total power capacity from clean energy sources Dubai is to raise clean energy usage to 14 percent by the end of 2022, in line with its strategy to provide 100 percent of Dubai’s total power capacity from clean energy sources by 2050. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) noted that the current clean energy share in Dubai’s energy mix has reached 11.5 percent. He said it is expected to reach 14 percent …

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UAE approves 22 policies to accelerate shift to circular economy

UAE Circular Economy Council’s policies will focus on four main sectors of manufacturing, food, infrastructure and transport The UAE has approved 22 policies to accelerate its shift to a circular economy. The UAE Circular Economy Council met to approve the policies, which focus on the four main sectors of manufacturing, food, infrastructure and transport. Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment presided over the meeting which highlighted a number of innovation trends including waste-to-resource, reuse, internet of waste, artificial intelligence, remanufacturing and repair. The circular economy council also identified a number of …

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Emirati Arabi: Bozzetti, Paese leader in economia circolare

Gli Emirati Arabi Uniti si confermano tra i Paesi leader a livello globale in ambito di economia circolare Negli ultimi 15 anni da parte degli Uae sono stati promossi investimenti energetici puliti e rinnovabili per un importo pari a 50 miliardi di dollari. In questi giorni il Paese ha annunciato per la prossima decade un ulteriore investimento di 50 miliardi di dollari in progetti riguardanti idrogeno e ammoniaca. Non è un caso se la COP28 verrà ospitata a Dubai il prossimo novembre 2023. La Conferenza per il Cambiamento Climatico sarà, di fatto, un invito a …

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New study reveals that UAE is most competitive economy in the Arab world

Country rated highly in terms of government and business efficiency  The UAE is the most competitive country in the Arab world, according to the 2022 IMD World Competitiveness Ranking.  Published every year by the IMD Business School in Switzerland, the study that included 63 countries, placed the UAE in the 12th spot globally, ahead of Luxembourg, Canada, Germany, Iceland and China, among other major economies.  The UAE also emerged as the 8th most competitive economy in Europe, Middle East and Africa, just behind Denmark, Switzerland, Sweden, Netherlands, Finland, Norway and Ireland.  Overall, Denmark landed the …

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Hamdan bin Mohammed: Our next priorities are the sustainability of our family businesses, the development of our digital economy and access to new markets

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, stressed the importance of continuing to work to consolidate Dubai’s position as an attractive destination for investments. His Highness indicated that the process of economic development continues to translate the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, to strengthen Dubai’s position as a global center that attracts investment and a major driver of the new global …

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Sheikh Mohammed bin Rashid unveils Expo City Dubai

Site of world’s fair to welcome new residents and major company headquarters from October 2022 The Expo 2020 site is to be transformed into Expo City Dubai and will soon welcome thousands of new residents and businesses, said Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Monday. In a series of tweets, Sheikh Mohammed set out his vision for the legacy site. Expo City Dubai will be a “hub of economic activity” and home to major companies and their headquarters. The city will open up in phases from October. It will be free …

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Future of Expo 2020: Which pavilions will remain? What firms, attractions will ‘Expo City Dubai’ host?

The single-use-plastic-free Expo City Dubai will host new company HQs, a score of startups, and will continue hosting the ‘Alif’ Mobility and ‘Terra’ Sustainablility pavilions, as well as the much-loved waterfall feature. Here’s more! Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, has unveiled the legacy plan of Expo 2020 Dubai: Expo City Dubai – which will be a smart and futuristic destination for business and innovation, driven by sustainability, innovation, education, and entertainment. Set to open in October 2022, Expo City Dubai – which is part of …

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UAE President’s $50bn commitment to scale up climate action over the next decade is ‘yet another milestone’

Mariam bint Mohammed Almheiri, the UAE Minister of Climate Change and Environment, shared her thoughts on Sheikh Mohamed bin Zayed’s recent announcement at the MEF global forum The UAE is doubling down on efforts to address climate change and accelerate the global energy transition. The UAE President Sheikh Mohamed bin Zayed pointed to the UAE’s investment of more than $50 billion in renewable energy projects across 40 countries, while announcing plans to invest an additional $50 billion over the next decade. The announcement, which was made at the Leaders Meeting of the Major Economies Forum …

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UAE ranked world’s top millionaire destination in 2022 as a ‘powerful magnet for talent and capital’

Approximately 4,000 more millionaires are expected to move to the UAE this year than those who will leave — one of the country’s largest millionaire net inflows on record The UAE is expected to attract the largest net inflow of high-net-worth individuals (HNWIs) globally in 2022, according to forecast HNWI figures published in the latest Henley Global Citizens Report. Approximately 4,000 more millionaires are expected to move to the UAE this year than those who will leave — one of the country’s largest millionaire net inflows on record, according to the report, which tracks private wealth …

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DP World, CDPQ to invest $5 billion in key assets in UAE

Jebel Ali Port, Free Zone and National Industries Park serve over 3.5b people globally Dubai: DP World and CDPQ, a global investment group, announced an investment of $5 billion in three of DP World’s flagship UAE assets, on Monday. CDPQ will invest $2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22 per cent, with the remainder of the transaction being financed by debt. Other long-term investors will have the opportunity to acquire …

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Dubai ranks second globally for attracting FDI projects in its creative economy

It is top for the region attracting 233 new projects in the creative economy in 2021 Dubai ranks second globally and first regionally for attracting foreign direct investment (FDI) projects in its creative economy. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture) and member of the Dubai Council, revealed that Dubai had consolidated its status as a global cultural hub and investment destination. According to the Dubai FDI Monitor report, Dubai attracted 233 new projects in the creative economy in 2021, surpassing other major cities such …

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For The First Time In The History Of The UAE, Non-Oil Foreign Trade Touched Half A Trillion Dirhams In The First Quarter

The state’s non-oil foreign trade during the first quarter of this year touched 500 billion dirhams for the first time in the history of the country, achieving a growth rate of 20.5% to reach 499.7 billion dirhams, compared to 414.6 billion dirhams for the same period in 2021, with a growth of 26.3% compared to the value registered in 2019, which amounted to 395.8 billion dirhams, according to the Federal Center for Competitiveness and Statistics. Preliminary data issued by the center showed, a while ago, that the total non-oil exports rose to 218.5 billion dirhams …

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Over 3,000 firms join Dubai Chamber of Commerce in April 2022 making it the largest in the world

Dubai Chambers is in the process of developing and launching several new initiatives designed to improve ease of doing business in Dubai, remove trade barriers, and enable Dubai businesses to tap into growth opportunities, the chairman said In April 2022, the Dubai Chamber of Commerce – which is one of three chambers operating under Dubai Chambers – welcomed 3,056 new member companies, bringing the chamber’s total membership to 300,000 companies and making it the largest chamber of commerce in the world. The Dubai Chamber of Commerce revealed that its membership increased by 55.4 percent in April 2022, …

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Hamdan bin Mohammed announces inaugural ‘Dubai Future Forum’ to explore, anticipate and shape humanity’s future

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has announced that Dubai will host the Dubai Future Forum from 10 – 11 October 2022 at the Museum of the Future. The Forum will convene 400 global futurists, thought-leaders, and specialists, from various sectors, representing more than 15 organisations and institutions, to shape opportunities for the future of humanity. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: …

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Sheikh Hamdan reviews plans to boost Dubai real estate, create private sector deals worth $2.72bn per year

The comprehensive restructuring plans for the Dubai Land Department and Dubai Municipality aim to improve operational efficiencies, promote public-private partnerships, ensure sustainable development, and maximise the emirate’s economic, tourism, and commercial potential Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, and Sheikh Maktoum bin Mohammed, the Deputy Ruler of Dubai have reviewed the comprehensive restructuring plans for Dubai Municipality (DM) and the Dubai Land Department (DLD), which include boosting real estate investments and increasing opportunities for businesses through public-private partnerships. The restructuring plan for the Dubai Land Department seeks to improve the competitiveness of the emirate’s real …

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UAE hospitality sector sees 24 percent rise in occupancy in first quarter of 2022

Supply is also increasing with Dubai being the largest hospitality contributor across the Emirates The UAE hospitality market saw growth in occupancy in the first quarter of the year of 24 per cent, according to data from commercial real estate experts Colliers. Colliers’ executive director – Head of Hotels for the MENA region, Christopher Lund, said: “All markets in UAE saw an increase in performance levels in comparison to 2021, with Dubai and Sharjah observing the highest growth in occupancies. This can be attributed to increased demand during the winter holidays and last three months …

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Wrap-up: ATM 2022 draws 23,000 visitors as ideas, inclusivity, and tech beckon the future of travel

In addition to doubling visitor numbers, the 29th edition of the Arabian Travel Market (ATM) held at the Dubai World Trade Centre drew 1,500 exhibitors and attendees from 150 countries More than 23,000 visitors attended the 29th edition of Arabian Travel Market (ATM) 2022, as industry leaders gathered at the Dubai World Trade Centre (DWTC) to share insights into the future of international travel and tourism. The four-day live event – which was inaugurated by Sheikh Ahmed bin Saeed Al Maktoum, the president of the Dubai Civil Aviation Authority, chairman of Dubai Airports, chairman and chief …

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Dubai Council takes measures to boost real estate efficiency and transform tourism

The Dubai Council chaired by Sheikh Mohammed bin Rashid has restructured the Land Deparment to raise the real estate sector’s operational efficiency by a minimum of 20 percent The Dubai Council has approved a comprehensive restructuring of the Land Department in a bid to improve real estate and has launched a set of new development projects to transform the emirate’s countryside into a tourism destination. The decision were taken during a meeting of the Dubai Council chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai in the presence of Sheikh Hamdan bin Mohammed …

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‘Bleisure’ tourism, conscious travel: 5 post-Covid travel trends in Dubai

When the world was shutting down due to pandemic, the emirate was on-track and opened everything it promised Dubai is now emerging as a top destination for “bleisure” tourism, as more people fly into the city with a mix of business and leisure needs in mind, a spokesperson for a government entity has said. “The demographics of Dubai’s visitors are changing,” said Hoor Al Khaja, acting associate vice-president for International Operations at Dubai’s Department of Economy and Tourism (DET). “More people are travelling to Dubai to visit and remotely work from here. Even for this …

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Dubai ranks first in the world in attracting FDI projects in 2021

The emirate experienced significant growth in all key indicators compared to the previous year Dubai topped the global ranking as the most sought-after destination for greenfield foreign direct investment projects in 2021 on the back of “a sustainable economic environment and a vibrant business ecosystem for companies and entrepreneurs.” Dubai emerged as the destination of choice for 418 greenfield FDI projects in 2021, surpassing London and Singapore for the first time with a remarkable lead of over 50 FDI projects as it continued to maintain and improve on its lead position across key FDI attraction …

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