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 »

Forum to feature a variety of panel discussions and networking opportunities to attendees Sharjah: The sixth edition of the Sharjah Investment Forum (SIF), organised by the Sharjah FDI Office, is set to take place on February 8 and 9 at the Jawaher Reception and Convention Centre in Sharjah. The annual event will bring together local and international officials, thought leaders, and economic experts to discuss the future of the economy and devise solutions to empower investors to advance economic realities. The theme of this year’s forum is “Redefining economies: making significant strides for a better …

Sharjah Investment Forum 2023: Over 50 international speakers to convene to discuss the future of the economy Read More »

Foreign investors are being attracted to the UAE on the back of new visa options and the simplicity of doing business The UAE looks set to attract more foreign investment this year as the government has introduced various measures for ease of doing business to facilitate global investors to relocate their businesses into the country. Rising inquiries about new visa options offered by the government to set up a business in the UAE indicate that the emirates will attract more high net worth individuals and millionaires this year, according to a business consultancy. Business Link, …

UAE visa reform and ease of business attracting investors: report Read More »

Abu Dhabi will host the second Investopia annual conference on 1 – 2 March 2023, under the theme ‘envisioning opportunities in times of change’, in collaboration with Abu Dhabi Department of Economic Development (ADDED). Investopia 2023 date has been announced by H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, during a business session organised by Investopia and ADDED in Abu Dhabi, attended by Investopia partners, senior officials, and CEOs from public and private sectors. Investopia 2023 will discuss the shifts in the global investments amid developments that have created new economic concepts related …

Abu Dhabi to Host 2nd Investopia Annual Conference in 2023 Read More »

The country launches index in Davos to help business leaders and policymakers find opportunities to boost economic growth The UAE delegation at the ongoing World Economic Forum in Davos, Switzerland, includes a number of officials and ministers of the Federal Government and local governments, in addition to businessmen and economic figures from the private sector. During the first day of the annual meeting, Ahmed Belhoul Al Falasi, Minister of Education, participated in a session titled Meeting of the Reskilling Revolution Champions, where he discussed the influence of the technological changes, the COVID-19 pandemic and the green …

UAE discusses challenges and future opportunities at Davos Read More »

Dubai takes the top spot in annual Tripadvisor awards Dubai has been named as the most popular destination in the world in the Tripadvisor Travellers’ Choice Awards. Dubai has held onto the top spot in Tripadvisors’ flagship category, Popular Destinations, to be crowned most popular destination in the world for a second year running. Bali, Indonesia and London, England took the second and third spots in the internationally recognised and coveted Tripadvisor travel awards. Dubai tops Tripadvisor list Summarising Dubai, Tripadvisor said: “A favourite with celebs and influencers, the ‘City of Gold’ continues to attract …

Dubai is world’s number one destination in 2023 says Tripadvisor Read More »

UAE entities may start having to comply with bare minimum ESG standards Dubai: UAE businesses could soon have some ESG (Environmental Social Governance) benchmarks to comply with. Rather than leave it to businesses to decide how to make their contribution to sustainability, a set of unified benchmarks will make it easier for them to follow – and help with the UAE’s own path to Net Zero on carbon emissions by 2050, according to a top official at DIFC. “Globally, there are about 1,100 ESG-related standards,” said Christian Kunz, Head of Group Strategy and Innovation at …

UAE may soon roll out ESG standards for all businesses to comply with Read More »

The emirate will be fastest growing economy in the Gulf region this year World Bank has revised upward the UAE’s growth forecast for 2022 and 2023 by 1.2 per cent and 0.7 per cent, respectively, from its previous forecast. According to the World Bank’s latest Global Economic Prospects report, the UAE GDP is estimated to expand by 5.9 per cent in 2022 and 4.1 per cent this year on the back of the expansion of the non-oil sector. Data showed all the Gulf Cooperation Council (GCC) economies to see slower growth this year with UAE …

World Bank hikes UAE’s growth forecast for 2022, 2023 Read More »

The Sharjah Foreign Direct Investment (FDI) Office (Invest in Sharjah) has revealed the agenda for the 6th edition of the Sharjah Investment Forum (SIF 2023), to be held at Al Jawaher Reception and Convention Centre on February 8 and 9. The event will bring together a host of local and global decision makers, senior government officials, CEOs, investors and business leaders, who will participate in a number of enlightening panel discussions and interactive workshops, giving all who attend a prime opportunity to network and connect. SIF is a leading annual event and the first major …

SIF provides strategies for investors, businesses and government to prosper from the growing economy Read More »

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, launched the Dubai Economic Agenda for the next ten years, “D33”, with the aim of doubling the size of Dubai’s economy during the next decade and for it to be among the top 3 economic cities in the world. His Highness said on Twitter: “Brothers and sisters… pursuant to our annual habit on the fourth of January by launching projects and programs that change our reality for the better… Today we …

Mohammed Bin Rashid Launches The Dubai Economic Agenda For The Next Ten Years “D33” Read More »

Inflation set to slow, as oil and food prices moderate The UAE economy is projected to grow by 7.6% this year, driven by both oil and non-oil sectors, the country’s central bank estimates. This compares with the mid-year forecast of 5.4% for 2022.  For 2023, overall real gross domestic product (GDP) is projected to grow by 3.9%, the Central Bank of the UAE (CBUAE) said in its latest quarterly economic review on Tuesday.  “There are increased chances for growth being stronger in 2022 due to mainly better-than-expected performance in some of the non-oil sectors such …

UAE economy set to grow 7.6% this year, says central bank Read More »

These Gulf economies have their priorities geared towards the right targets Major Gulf economies such as Saudi Arabia and UAE have embarked on programmes to transform their nations into diversified, resilient, knowledge-based economies. Flagship strategies such as Saudi Arabia’s Vision 2030 and the UAE’s Centennial 2071 are helping to shape policies, provide a vision and framework for transition and offer incredible opportunities for growth and investment in the region. Currently, hydrocarbons account for 68 per cent of total revenue in Saudi Arabia and 36 per cent in the UAE. However, the crash of oil prices …

Whether on IPO or AI, UAE and Saudi Arabia are heading for another year of intense change Read More »

New Italian Ambassador to the UAE says smooth and efficient visa process set to promote tourism in post Covid era The UAE and Italy will continue to explore opportunities to boost bilateral trade and investment in key economic sectors such as construction, tourism, renewable energy, oil and gas, says a top diplomat. In an interview with Khaleej Times on the sidelines of Big 5 exhibition, the new Ambassador said he will ensure a smooth and efficient visa process to promote tourism in the country. Fanara, who took charge of his office in Abu Dhabi in October, said …

Italy sets sights on strong trade and investment relations with UAE Read More »

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 »