Al Jaber also announced more than 30 industrial projects worth over Dh6 billion Abu Dhabi: The UAE has unveiled a new plan to strengthen its industrial sector by announcing an additional Dh10 billion in offtake agreements. This move builds upon the previous Dh110 billion worth of procurement opportunities and brings the total value of products targeted for localization to Dh120 billion. Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology, highlighted the achievements of the previous year’s forum, where national companies committed to investing Dh110 billion over the next decade to …

Make it in the Emirates Forum: UAE announces Dh10 billion in new offtake agreements Read More »

Vice President and Ruler of Dubai hails scheme as key to emirate’s grand vision for the future Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Wednesday approved a new master plan for Palm Jebel Ali – a luxury lifestyle mega project that will occupy an area twice the size of Palm Jumeirah. The long-planned tourist attraction – spearheaded by leading developer Nakheel – will include 80 hotels and resorts, green spaces and other leisure and retail amenities spanning 13.4 square kilometres. The project will add about 110km of coastline to Dubai, offering beachside …

Sheikh Mohammed approves master plan for Palm Jebel Ali mega project Read More »

Sector’s contribution to GDP set to cross Dh180 billion by year-end Abu Dhabi: The travel and tourism sector’s contribution to the UAE’s gross domestic product grew 60.2 per cent in 2022 to nearly Dh167 billion, it was revealed on Tuesday, and is set to reach Dh180.6 billion by the end of 2023, an 8.3 per cent growth over the previous year. An Economic Integration Committee meeting, chaired by Abdulla bin Touq Al Marri, Minister of Economy, and attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, discussed a range of …

Travel and tourism sector adds Dh167 billion to UAE economy in 2022 Read More »

Emirates Investment Authority also restructured during Cabinet meeting Abu Dhabi: The UAE has approved 78 eco-friendly projects and initiatives in preparation for COP28, which will take place at Expo City Dubai in November. These include national strategies to reduce carbon footprint and regulate the use of solar power products, as well as sustainable tourism, among others. The initiatives were approved at a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday. During the meeting, the Vice-President also approved the restructuring …

UAE Cabinet approves 78 eco-friendly initiatives for COP28 Read More »

Report forecasts country’s GDP growth this year at 3% Fast-paced diversification efforts and development projects underway in the UAE play a vital role in strengthening the economy by reducing the nation’s vulnerability to external shocks, a UK-based consultancy firm said on Tuesday. Despite key challenges posed by a decline in oil output resulting from Opec-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, the country’s real GDP will still expand at 3.0 per cent in 2023, GlobalData said in its Macroeconomic Outlook Report: UAE. “To make …

Fast-paced diversification lowers UAE’s risk to external shocks Read More »

 BOZZETTI “L’ITALIA È PORTA D’INGRESSO PRIVILEGIATA PER L’EUROPA”  MINISTRO EAU AL MARRI: “IN ITALIA PER FAVORIRE DIALOGO E APERTURE A NUOVE ECONOMIE”  VICEMINISTRO EAU SALEH: “INVESTIRE IN ITALIA, ECONOMIA CREATIVA E PRODUTTIVA”   MINISTRO GIORGETTI: “IMPRESE ITALIANE RESILIENTI. LARGA PARTE DELL’AUMENTO DEL PIL LEGATA ALL’EXPORT”  – Grande successo per la prima edizione di Investopia Europe, organizzata a Milano da EFG Consulting, società esperta di internazionalizzazione delle imprese verso il Medio Oriente, unitamente al Ministero dell’Economia degli Emirati Arabi Uniti, che ha visto la partecipazione di 350 eccellenze italiane nel settore economico, finanziario ed imprenditoriale. Ad aprire …

INVESTOPIA EUROPE, 19 MAGGIO 2023. Read More »

APRIRANNO I LAVORI IL MINISTRO DELL’ECONOMIA UAE BIN TOUQ AL MARRI, IL MINISTRO SANTANCHE’, IL PRESIDENTE DI REGIONE LOMBARDIA FONTANA E IL SEGRETARIO DEL DICASTERO PER LO SVILUPPO UMANO INTEGRATO – VATICANO SUOR ALESSANDRA SMERILLI IN VIDEO COLLEGAMENTO IL MINISTRO DELL’ECONOMIA E DELLE FINANZE GIORGETTI E IL VICE MINISTRO AFFARI ESTERI CIRIELLI  Tra i relatori: Alessandro Spada, Presidente Assolombarda; Matteo Lunelli, Presidente Altagamma; Matteo Zoppas, Presidente ITA; Alfonso Dolce, AD Dolce & Gabbana; Antonio De Matteis, Presidente Pitti Immagine; Sergio Dompè, Presidente Dompè Farmaceutici; Guido Roberto Grassi Damiani, Presidente Damiani; Maurizio Dallocchio professore di Corporate Finance …

PRONTO IL PROGRAMMA DELLA “DAVOS DEL MIDDLE EAST” CHE SI TERRA’ A MILANO IL 19 MAGGIO Read More »

Investopia Europe, 19 maggio 2023 Investopia Europe, l’evento satellite della piattaforma di investimento nata negli Emirati Arabi, si terrà il 19 maggio 2023 a Milano presso l’Hotel Principe di Savoia. Investopia è una piattaforma globale dedicata al mondo degli investimenti lanciata durante EXPO DUBAI 2020 con lo scopo di facilitare collaborazioni internazionali tra investitori, allocatori di capitali, imprenditori, governi e leader aziendali per creare opportunità di investimento e di business. Investopia, che rappresenta la “Davos del Medio Oriente”, arriva nella capitale italiana del business con l’obiettivo di promuovere investimenti globali, generare crescita, accelerare l’innovazione e …

INVESTOPIA EUROPE: ARRIVA A MILANO LA “DAVOS DEL MEDIO ORIENTE” Read More »

Emirates’ commitment is the largest of its kind by any airline on sustainability Dubai’s Emirates, which is the world’s largest international airline, announced Thursday of its commitment of $200 million to fund research and development (R&D) projects focused on reducing the impact of fossil fuels in commercial aviation.  Emirates’ commitment is the largest commitment by any airline on sustainability, and funds will be spent over a period of three years. The airline will also partner with leading organisations focused on advanced fuel solutions and energy technologies. “It’s clear that with the current pathways available to airlines in …

Dubai’s Emirates announces $200mn plan to fight climate change Read More »

HE Al Suwaidi stressed the need for more investment in sectors such as renewable energy and climate technology. The “Make it in the Emirates” program continues to build momentum, attracting interest from around the world and driving the growth of national industries. In 2022, the industrial sector contributed over AED 180 billion to GDP, with industrial exports reaching AED 174 billion. His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry & Advanced Technology (MoIAT) called for participation from global investors during the recent global Annual Investment Meeting (AIM) 2023 in Abu Dhabi. HE …

MoIAT invites global investment in key sectors ahead of the second “Make it in the Emirates” forum Read More »

E’ stato sottoscritto da EFG CONSULTING e UAE INTERNATIONAL INVESTORS COUNCIL (UAE IIC) Bozzetti: “Le aziende emiratine vogliono investire in nuovi mercati dinamici e all’avanguardia. Per l’Italia un’opportunità unica” Milano, 12 aprile – sottoscritto a Dubai un accordo strategico dall’italiana  EFG Consulting e UAE International Investors Council (UAE IIC) avente l’obiettivo di facilitare quest’ultima realtà a meglio conoscere i diversi modelli di investimento nel mercato europeo. EFG Consulting, forte della profonda conoscenza della cultura e dell’economia emiratine, oltre che delle dinamiche del mercato locale, grazie agli oltre 15 anni di attività sul territorio, rappresenta il …

EMIRATI ARABI: NUOVO ACCORDO STRATEGICO PER GLI INVESTIMENTI IN EUROPA Read More »

A Milano il primo evento satellite in Europa della piattaforma d’investimento Emiratina Con la partecipazione del Ministro dell’Economia degli Emirati Arabi Uniti Abdulla Bin Touq Al Marri. Tra i relatori: Matteo Lunelli, presidente Altagamma, Sergio Dompè, Presidente Esecutivo Dompè Farmaceutici, Alessandro Spada, Presidente Assolombarda e Maurizio Dallocchio, professore di Corporate Finance presso SDA Bocconi Milano, 4 aprile 2023 – A poco più di un mese dall’avvio di Investopia Europe, il primo evento satellite fuori dai confini emiratini della piattaforma d’investimento nata negli Emirati Arabi, che si svolgerà in Europa, a Milano il prossimo 19 maggio, …

INVESTOPIA EUROPE: PRESENTATE LE TAVOLE TEMATICHE DELLA “DAVOS DEL MEDIO ORIENTE” Read More »

Discover Investopia Europe in Milan, Italy, organized by the Ministry of Economy of the United Arab Emirates in partnership with EFG Consulting – Uniting visionaries for tomorrow’s global investments! About Investopia Europe In the  2nd edition, held on the 2nd and 3rd of March, 2023, Investopia welcomed over 2,500 participants from approximately 60 countries. The event featured more than 300 C-suite executives, 180 founders and co-founders, and financial institutions representing over $500 billion in assets under management, all converging in a future-focused business environment. Alongside the main events, Investopia’s Global Talks series has taken place …

Investopia Europe: Uniting Visionaries for Tomorrow’s Investments Read More »

UAE’s keenness to open up to the world and work to stamp out obstacles to trade and investment flows translates into a consistent Emirati approach Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said that the UAE continues to leverage its global presence by opening up to the world and expanding its network of trading partners through comprehensive economic partnership agreements with a carefully selected group of markets of strategic importance internationally and regionally. The minister made the remarks in an Op-Ed to the Emirates News Agency, where he touched on …

UAE a trading capital of the world: Thani Al Zeyoudi Read More »

The introduction of corporate income tax will also raise government revenues from 2025, rating agency says Moody’s Investors Service has maintained the UAE’s ‘Aa2’ long-term local and foreign currency issuer ratings with a “stable outlook” as the Emirates boosts non-oil sector growth and bolsters continuing economic diversification efforts. “Aa” ratings are considered high-quality and subject to very low-credit risk. “The rating affirmation is underpinned by Moody’s assessment that the UAE federal government’s debt level will remain very low, supported by its continued adherence to balanced budget targets and limited spending needs due to the scale of fiscal decentralisation …

Moody’s affirms UAE’s rating on diversification efforts Read More »

The first phase of D33 projects includes launching the Dubai Green and Sustainable Industry Plan Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance of UAE, and Deputy Ruler of Dubai, have reviewed the roadmap for implementing ‘D33’ and its first ten transformational projects. The plan was reviewed during a meeting of senior Dubai government officials at The Museum of the Future, the Dubai Media Office said on Saturday.-ADVERTISEMENT-Ads by  …

Dubai: Sheikh Hamdan, Sheikh Maktoum review roadmap for D33, first 10 projects Read More »

The UAE is primed to drive the move to the circular economy Smart investors who are looking to maximise their capital over the long term are paying special attention to circular economy principles. After all, the potential gain could be beneficial to an individual’s portfolio and contribute to achieving sustainability. The idea of a “circular” economy was conceptualised in the 1970s as an academic’s dream, where one day, the world would reform its “linear” economy, which operated in a take, make, waste paradigm. Instead, it would adopt a new circular economy that would reduce, reuse and recycle …

Moving towards a circular economy Read More »

Abu Dhabi, 2 marzo 2023 Investopia, la piattaforma di investimento globale lanciata dal governo degli Emirati Arabi Uniti nel 2021, ed EFG Consulting, società di consulenza strategica per i processi di  internazionalizzazione con focus verso i Paesi del Medio Oriente, hanno annunciato una nuova partnership strategica: insieme, organizzeranno un’edizione di Investopia Europa a Milano, nel corso del mese di maggio. L’accordo è stato firmato da Abdulla Al Saleh, Sottosegretario del Ministero dell’Economia, e da Giovanni Bozzetti, Presidente di EFG Consulting, alla presenza di Abdulla Bin Touq Al Marri, Ministro dell’Economia degli Emirati Arabi Uniti e Presidente …

INVESTOPIA ARRIVA A MILANO. NASCE LA PARTNERSHIP CON EFG CONSULTING CHE PORTERA’ LA “DAVOS” DEL MIDDLE EAST NELLA CAPITALE DEL BUSINESS ITALIANO Read More »

Sheikh Mohammed approved Phase 2 of the Hatta development plan that will bring a major tourism boost to Dubai mountain region Tourism in Hatta will get a boost after Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the next stage of the mountain region’s development plan. Sheikh Mohammed reviewed progress of Phase 1 of Hatta Development Projects and Initiatives. He also approved Phase 2 of the development. This features 22 new projects and initiatives, which are set to commence this year. Hatta development Phase 2 One …

Sheikh Mohammed approves Hatta development plan–beach, cable car, waterfalls coming soon Read More »

Numeri da capogiro quelli dell’Agenda D33: 8.700 miliardi di dollari nei prossimi dieci anni per rendere Dubai la migliore città del mondo in cui vivere e lavorare. «Dubai si classificherà come uno dei, primi quattro centri finanziari globali, con un aumento degli investimenti esteri diretti di oltre 650 miliardi di dirham (177 miliardi di dollari)» entro il2033, aveva twittato lo scorso 4 gennaio lo sceicco Mohammed bin Rashid al Maktoum, vicepresidente e primo ministro degli Emirati Arabi Uniti, di cui fa parte Dubai, annunciando l’agenda D33. Si parla di somme talmente colossali da suscitare qualche …

Bozzetti: così Dubai attrae le imprese italiane Read More »

Organised by the Dubai World Trade Centre (DWTC), Gulfood, the largest annual global food and beverage sourcing event in the world, is being held from 20-24 February 2023. Gulfood has become a major event in Dubai’s food scene, showcasing its culinary prowess and diverse food industry. It has cemented the city’s position as the food capital of the world. In the UAE’s Year of Sustainability, the event will have a special emphasis on sustainable initiatives and unveil several projects aimed at promoting sustainability. Gulfood 2023 has launched its new global sustainability initiative, Gulfood Green, to …

Gulfood 2023 reinforces Dubai’s position as food capital of the world Read More »

World’s busiest airport exceeds estimated annual passenger traffic of 64.3 million Dubai International Airport (DXB) more than doubled its annual passenger traffic last year, exceeding its own forecast and retaining the title of the world’s busiest international hub for the ninth consecutive year. The airport handled 66.1 million passengers in 2022, growing 127 per cent annually and exceeding its forecast of 64.3 million, on the back of a strong fourth quarter, operator Dubai Airports said on Tuesday. “This time, last year, the outlook was nowhere near as bright as it is now … It’s been a very reassuring set of …

Dubai airport beats its annual forecast with 66.1 million passengers in 2022 Read More »

The UAE’s Abrahamic Family House is inspired by the Document on Human Fraternity The Abrahamic Family House, a unified complex located in Saadiyat Island, Abu Dhabi featuring a mosque, a church and a synagogue, was inaugurated on Thursday. However, the interfaith complex will open to the public on March 1. UAE president Sheikh Mohamed bin Zayed Al Nahyan took it to Twitter to express the UAE’s “proud history of people from diverse communities working together to create new possibilities.” The complex will act as “a cultural and architectural beacon of peaceful human coexistence that represents each …

Abrahamic Family House: UAE President announces opening of interfaith complex Read More »

Dubai receives 14.36 million international visitors in 2022 .. Exceptional growth in visitation enables city to surpass global and regional tourism recovery levels Hamdan bin Mohammed: Dubai’s ability to rapidly accelerate tourism growth has marked it out as a clear frontrunner in the international industry – “The tourism and travel sector contributes significantly to the leadership’s aim of making the emirate a model for excellence in the global economy”– Guided by its visionary leadership, Dubai consolidates its status as the world’s most popular destination, with 97 per cent YoY increase in visitation– Tourist travel to Dubai …

Dubai receives 14.36 million international visitors in 2022 Read More »

Sheikh Mohamed says crucial work with continue at COP28 event this year Abu Dhabi: On the occasion of the 26th UAE National Environment Day today, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has affirmed the country’s commitment to sustainability by deploying innovative methods. On his Twitter account, Sheikh Mohamed said: “As the UAE marks National Environment Day, we remain committed to advancing innovative solutions to benefit current and future generations. This crucial work will continue at COP28, as we invite the world to come together in pursuit of a more sustainable future.” Earlier, …

National Environment Day: UAE President affirms advancing innovative solutions in sustainability Read More »