UAE sets national vision for the next decade as it plans $816bn GDP and $123bn tourism sector Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has outlined the nation’s national plan for the next 10 years. Under the banner of the “We The UAE 2031” plan the country has a clear road map for social, economic and investment in the next decade. The national plan is an integrated programme shaping the future of the country within the next ten years with a focus on social, economic, investment …

We the UAE 2031: Sheikh Mohammed reveals national plan to double GDP and deliver top 10 healthcare Read More »

UAE will see its economy grow by more than 6% this year says the IMF UAE economy to grow more than 6% in 2022, IMF says.The UAE economy will grow by more than 6% this year, says the IMF.Driven by a strong rebound in the tourism sector, construction and higher oil prices it was a notable improvement on the 3.8% improvement the year before.Dubai World Expo activity was also highlighted as a strong performer in 2022. Robust growth in UAE The IMF’s Ali Al-Eyd, who met with UAE authorities to discuss the strong economic growth, …

UAE economy will grow more than 6% this year says IMF Read More »

Uno sguardo alla fiera di design leader del Medio Oriente che, più delle altre, permette un incontro di culture e creatività sul tema design Alla candida tensostruttura che accoglie Downtown Design, il centro che accoglie l’evento Dubai Design Week 2022, si arriva attraversando un grande slargo e uno dei tanti, vastissimi, viali, subito fuori dal Dubai Design District (d3). Il primo consiglio, quindi, è approfittare di una delle numerose macchinette elettriche (gratuite) che fanno la spola da una parte all’altra, per evitare di cominciare la visita alla fiera già accaldati. Sì, perché anche all’inizio di novembre – la Dubai Design Week 2022 ha …

Il meglio della Dubai Design Week 2022 Read More »

Japanese lunar exploration company ispace founder, Takeshi Hakamada announced the launch date on Thursday in Tokyo The UAE is set to launch its first Emirati mission to the Moon on November 28 at 12.46 PM GST (9.46 AM UTC), depending on weather conditions. UAE’s Rashid Rover will be delivered by Japanese lunar exploration company ispace via its Hakuto-R Mission 1 lander. The company is also the first to carry our a commercial cargo mission to the Moon. The mission is set for lift off on a SpaceX Falcon 9 rocket from the Space Launch Complex 40 launch site located at …

UAE announces Rashid Rover to land on the Moon Read More »

UAE tourism strategy will see sector contribute $122bn to economy in 2031 Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai has launched a National Tourism Strategy in the UAE. The strategy is aimed at adding a further $27bn of investment to the tourism sector in the country and attracting 40m hotel guests to the country in 2031. Sheikh Mohammed made the announcement on Twitter. UAE tourism ‘a vital sector’ “The UAE, today, is among the top ten tourist destinations in the world, and our ultimate goal is to accelerate our competitiveness by attracting …

Sheikh Mohammed launches $27bn UAE tourism strategy, eyes 40m hotel guests by 2031 Read More »

A state-of-the-art ‘green’ destination that hosted the world for six months, Expo City Dubai  is the proud host of COP28 – The Emirates Climate Conference with the UNFCCC, sharing the global summit’s objectives of achieving sustainability and enabling action towards climate security.  The City carries the sustainability legacy of Expo 2020 Dubai, with a commitment to engaging and elevating the voices of youth in the journey to a sustainable future. Marking the one-year countdown to COP28, Expo City Dubai kicks off a diverse and engaging calendar of sustainability-themed events, featuring thought-provoking youth discussions, performances, exhibitions and more.  …

EXPO CITY DUBAI IS PROUD HOST OF COP28 Read More »

With the likes of NEOM, Dubai’s Expo City, and Egypt’s New Administrative Capital, the MENA region is seeing a surge in smart city developments. An increasingly popular trend in the MENA region’s real estate industry is the rise of smart cities. Well-thought-out smart cities are being utilized not only as environmentally friendly and cost-effective development solutions. But they are also introducing a significantly more sustainable approach to transform cities for the better. DRIVING FORCE BEHIND SMART CITY DEVELOPMENTS The development of smart cities within the MENA region is largely driven by the national-scale sustainable development …

How smart cities are transforming MENA real estate Read More »

The new initiative, in line with the nation’s aim to be a global industrial centre by 2031, is poised to ensure the technological transformation of the industrial sector The UAE has launched a new national programme, as part of its efforts to accelerate technological transformation in the industrial and production sector. The programme falls in line with the nation’s aim to place the Emirates as a global industrial centre by 2031. The new project will ensure the development of 1,000 technological projects, UAE Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid wrote on Twitter on Wednesday. The programme …

UAE launches tech programme, $4.1bn Emirati products to be exported annually Read More »

The index is published by WIPO in partnership with the Portulans Institute to track the current state of innovation globally The UAE climbed two spots to reach the 31 rank globally on the Global Innovation Index (GII) 2022. It has also retained the top rank among Arab countries on the innovation index, published by the World Intellectual Property Organisation (WIPO) annually. The country was ranked 33 on the index in 2021. According to WIPO, the UAE ranked 18th globally on the GII’s innovation input sub-index this year, five ranks higher than 2021. The sub-index categorises a …

UAE retains top rank among Arab countries on global innovation index 2022 Read More »

Dubai spectacularly closed its doors after six months of welcoming the world to the international event, a first for an Arab country. Unlike a number of previous World Expo sites, the spirit and legacy will continue to live on, as the former exhibition area transitions into a city of the future. Expo City Dubai What exactly is Expo City Dubai? Chief Development and Delivery Officer, Ahmed Al Khatib explains the concept, “It’s a combination of education, entertainment, a new way of working, work experience, and just not to mention like the amount of demand on …

Expo City Dubai: UAE’s first 15-minute city & a smart city for the future Read More »

The Dubai Carbon Abatement Strategy 2030 aims to reduce 30 percent of carbon emissions by the end of 2030 Dubai has reduced its carbon emissions by 21 percent in 2021, the Dubai Supreme Council of Energy said on Monday. Increasing share of solar energy in the emirate’s power mix, as well has enhancing operational efficiencies in factories and other industrial facilities, contributed greatly to the reduction, the council said. “The development and implementation of the existing programmes and projects had a positive and tangible impact, reflected in the carbon emission reduction rates over the past …

Dubai reduced carbon emissions by 21 percent in 2021 Read More »

The winter months are expected to further boost tourist numbers Dubai: The UAE’s tourism revenues surpassed $5 billion in the first half of this year, with a strong performance expected this winter when neighbouring Qatar hosts the FIFA World Cup. “Our tourism sector’s revenues surpassed Dh19 billion in the first half of 2022. The total number of hotel guests reached 12 million, achieving 42 per cent growth, and we expect a strong tourism performance in this winter season,” His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and …

Tourism revenue in UAE tops $5 billion in the first half of 2022 Read More »

The rate of job creation in August was the quickest since 2022 Business activity in Dubai’s non-oil private sector economy climbed to a 38-month high as demand growth strengthened and input costs fell at record pace. The emirate’s headline seasonally adjusted S&P Global purchasing managers’ index rose to 57.9 in August, from 56.4 in July, its highest reading since June 2019. A reading above the neutral 50 level indicates economic expansion while one below points to a contraction. The reading indicated a marked improvement in non-oil operating conditions, and was above the long-run series average …

Dubai’s non-oil economy hits 38-month high as demand growth strengthens Read More »

Urban Tech District plans to create facilities for conferences and business incubation Dubai: A tech industry focussed ‘district’ is to be built in Dubai in Al Jaddaf. The Urban Tech District comes with the promise of creating 4,000 jobs in ‘green urban tech, education and training’. “Dubai is best positioned to lead the Urban Tech transformation than any other city in the world,” said Baharash Bagherian CEO of URB, the builder behind the project. “With a total of 140,000 square metres of built-up area, it will be the world’s largest urban tech district. Thus making …

Dubai’s ‘Urban Tech District’ unveiled, promises 4,000 jobs Read More »

Gli Emirati diventano porta di accesso per altri Paesi alternativi al mercato russo «Faccio questo lavoro da molti anni, eppure non mai ricevuto così tanti solleciti e richieste di informazioni da parte di imprenditori che vogliono esportare negli Emirati Arabi Uniti come negli ultimi mesi».Giovanni Bozzetti – presidente diEFG Consulting, società di consulenza per l’internazionalizzazione negli Emirati e referente unico della Camera di commercio e industria diDubai in Italia – non è sorpreso dagli ultimi dati sulle esportazioni di made in Italy verso questo mercato.Dopo un 2021 che già aveva segnato un forte recupero sul …

Export verso Dubai in crescita del 19,7%, balzo a 2,3 miliardi Read More »

WGES attracts annually local and international VIPs, including presidents and government leaders, in addition to a large number of speakers, officials, representatives of government organisations, media professionals, experts, and academics ECONOMY Dubai, UAE: The 8th World Green Economy Summit (WGES) discusses green urbanism, and the importance of designing cities to be smarter and more sustainable in dealing with climate change. It also addressed the importance of promoting the resilience and competitiveness of cities to enhance their capacity in dealing with climate risks and advance the quality, welfare, and happiness of individuals. WGES 2022 is held under …

WGES highlights the importance of a green urban environment to ensure happiness & welfare of citizens Read More »

Mobility and Terra pavilions and the Garden in the Sky to open this week before main October 1 relaunch Expo City Dubai will welcome the first visitors through its gates from Thursday, September 1, before a full relaunch in October. Visitors can gain access to two of the anchor pavilions, Mobility and Terra, as part of a phased launch of the legacy site, a successor to the six-month world’s fair bonanza that closed in late March. Organisers on Monday said the move was the “first chapter of Expo City Dubai’s journey”. Tickets for the two pavilions …

Expo City Dubai to welcome first visitors from September 1 Read More »

Despite prospering from inflated energy prices, the UAE economy is still driving its diversification ambition Last week’s news of the UAE’s non-oil trade value soaring past the AED1 trillion mark over the first half of 2022, indicates the market remains robust despite global headwinds. Despite prospering from inflated energy prices, the UAE economy is still driving its diversification ambition. While this headline is certainly positive and telling of the direction the UAE is going, understanding the how and why is also important. The UAE government has been active in establishing trade agreements—most recently with India, Indonesia and …

How the UAE’s non-oil trade broke the trillion-dirham mark for the first time Read More »

The UAE economy will grow faster than other countries in the North Africa and Middle East (MENA) region over the next year, according to research by a Dubai investment body. For the latest headlines, follow our Google News channel online or via the app. “We expect many of the world’s leading economies to fall into recession over the next 12 months … [but] the UAE economy will grow faster than the average growth for other countries of the MENA region,” Robert Miles, analyst at the Dubai Investment Fund (DIF) told Al Arabiya English. According to …

UAE economy to grow faster than other MENA countries in next 12 months: Research Read More »

The country saw a growth rate of 17 per cent during this time The UAE’s non-oil trade surpassed the Dh1 trillion mark in the first half of 2022, registering an increase of 17 per cent over the last half of 2021, thanks to a host of initiatives taken by the government to support non-oil sectors after the pandemic. Lauding the achievement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said this is the first time in the UAE’s history that the non-oil foreign …

UAE: Non-oil foreign trade exceeds record Dh1.05 trillion in 6 months Read More »

Recently, the circular economy has emerged as a concept that is rapidly gaining significance in several countries, including the UAE. A circular economy is distinct from a linear one. A linear economy is an economic system based on the “take-make-dispose” plan, which has no place in today’s progressive and sustainability-focused society. On the other hand, a circular economy is an economic system that aims to eliminate waste and the continuous use of resources, thereby reducing a country’s carbon footprint and increasing its economic benefits. For example, according to the World Economic Forum, a circular economy …

The circular economy can boost UAE’s GDP growth and bring environmental and social benefits to the country Read More »

As part of its efforts to support UAE’s non-oil trade and export, Etihad Credit Insurance issued secured guarantees covering AED6.7 billion in international trade, AED7.6 billion in domestic trade The UAE has achieved a 17 percent increase in its non-oil exports in the first quarter of this year, a senior minister said. The Ministry of Economy intends to further diversify the UAE’s export markets during the next phase of its growth strategy, Abdullah bin Touq Al Marri said. The minister was speaking at the second board meeting of Etihad Credit Insurance (ECI), the UAE Federal …

UAE clocks 17 percent rise in non-oil exports during Jan-March period Read More »

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 …

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

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 …

Dubai reveals priorities as it positions itself as a global business hub Read More »

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: …

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