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FOOD SECURITY IN THE UAE

Despite importing 90% of its food supplies, UAE is considered food secure due to its capability to purchase food from international markets, even at higher costs. However, the Covid-19 outbreak and the resulting disruptions to supplychains; border closures; restrictions in delivery routes; trade quotas and international export restrictions have all been a wake-up call for the UAE to further scale up its agricultural production at home. UAE’s FOOD SECURITY CHALLENGES/CONTEXT-The UAE faces significant challenges in producing food domestically. Only 0.5% of the land mass is arable, extreme heat limits the capacity to cultivate and store …

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UAE’s hospitality industry set for impressive recovery in 2021

Jasmeet Bakshi offers a positive outlook for one of the UAE’s most important sectors and hopes for a swift re-bound owing to high levels of consumer trust built during the pandemic The pandemic is like a seismic inflection point for the global tourism industry and has resulted in huge amounts of re-learning, re-thinking and the adoption of many firsts. We have had to pivot, and pivot fast, towards the accelerated use of technology, the adoption of new hygiene standards and the increasingly cohesive vision of the region’s hospitality leaders. According to forecast analysis carried out …

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UAE economy forecast to ‘fully recover’ in 2022 with 3.5% GDP growth

New UAE Central Bank report says economy will be buoyed by increasing fiscal spending, a pick-up in credit and employment and Expo 2020 Dubai UAE economic growth is forecast to recover fully from the impact of the global coronavirus pandemic in 2022, with real gross domestic product (GDP) seen rising by 3.5 percent. According to new figures released by the Central Bank of the UAE on Thursday, real GDP will rebound to positive growth of 2.5 percent in 2021. It said non-oil GDP will grow by 3.6 percent while the country’s oil economy is likely …

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UAE’s $8.2 billion strategy approval is a ‘game-changer’ for start-ups & SMEs

Emirates Development Bank Strategy provides much-needed support for the country’s small and medium businesses, especially women-led businesses, which have been struggling since the pandemic The AED 30 billion ($8.2 billion) package of financial support for UAE’s SMEs and startups provides needed relief for the country’s businesses as they rebuild in the wake of coronavirus, industry stakeholders agreed. Following a particularly turbulent year of lockdowns and closures during the pandemic, the Emirates Development Bank Strategy was positively received by the UAE’s SMEs and startup community. “The initiative appears to be a very comprehensive and generous one …

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Emirates Development Bank to provide Dh30bn in financing to help boost industrial sector

The financing will stimulate various sectors, help nurture and back 13,500 companies and create 25,000 jobs The Emirates Development Bank will provide Dh30 billion ($8.17bn) in financing over the coming five years to support the UAE’s efforts to more than double the size of the industrial sector in the coming decade. The announcement was made on Monday by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. The funds will help create and back 13,500 new companies in various sectors and generate 25,000 jobs, Sheikh Mohammed said on Twitter as he unveiled the initiative. …

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UAE ranked top global FDI destination for investors: First regionally, 15th globally in Kearney’s 2021 FDI Confidence Index

UAE is one of only five countries globally that achieved a higher ranking this year DUBAI: The United Arab Emirates has ranked 15th globally in Kearney’s 2021 Foreign Direct Investment (FDI) Confidence Index, up from 19th place in 2020. The UAE business environment demonstrated continued strengths in factors most important to investors, including government incentives for investors. The country’s strong enabling environment, featuring advanced technological infrastructure and high innovation levels, is also central to its FDI attractiveness. The UAE is one of only five countries globally that achieved a higher ranking this year in an …

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UAE retail sales forecast to hit $58 billion in 2021: analysis

Government of Dubai – Media Office Retail sales in the UAE are expected to rebound and grow by 13% to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, Covid-19 vaccination efforts and Expo 2020 Dubai, new analysis from Dubai Chamber of Commerce and Industry has projected.  The analysis, based on recent data from Euromonitor, predicted that UAE retail sales are forecast to maintain 6.6% annual growth in the medium term to reach $70.5 billion by 2025, with store-based retailing growth forecast at a …

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Why investors are increasingly choosing to make the UAE home

Positive reforms and regulations are attracting people in numbers to stay for longer The introduction of financial regulations and reforms over the past 12 months, coupled with its handling of the coronavirus crisis, has helped make the UAE a “model country” for people to come and live, work and invest in, according to a group of panelists speaking at the inaugural Arabian Business Money Forum. Throughout the Covid-19 pandemic, the UAE passed a number of landmark reforms, amending laws on inheritance, bounced cheques and bankruptcies. The country also providede substantial economic support, on top of …

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NEI PROSSIMI MESI A DUBAI

È UFFICIALE, DUBAI PROVA A RIPARTIRE E LO FA CON LE FIERE IN PRESENZA IL PAESE, FORTE DELLA SECONDA CAMPAGNA VACCINALE PIÙ AVANZATA AL MONDO, CHE INIZIA A DARE I SUOI FRUTTI, RIAPRE IL MONDO FIERISTICO, NEL RISPETTO DEI PROTOCOLLI SANITARI E CREANDO STRUTTURE AD HOC: DI SEGUITO UNA SERIE DI EVENTI CHE SI TERRANNO IN PRESENZA, CON TUTTI I PRESIDI DI PROTEZIONE A GARANTIRE LA SICUREZZA DEI PARTECIPANTI: 30 Marzo- 3 Aprile 2021: GITEX SHOPPER 2021 World Trade Center Dubai www.gitexshopperdubai.com SETTORE: vendita, vendita al dettaglio 4 – 6 Aprile 2021: GCC Smart Government & Smart …

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Is Art Dubai the Future of Art Fairs?

Four galleries from across the Middle East discuss the first physical art fair for over a year After major international art fairs including Frieze and Art Basel were forced to go online due to the COVID-19 pandemic and accompanying lockdown measures, this year will cautiously see art events begin to return. This includes Art Dubai, which recently opened and is the first physical art fair to take place in over a year. Announcing the return to physical traditional fairs, Art Dubai artistic director Pablo del Val explained the importance of the format. “We see the importance of connecting with the …

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Il nuovo petrolio degli Emirati Arabi Uniti è il real-estate di lusso, che sta decollando

Secondo lo studio di Knight Frank Middle East, filiale locale dell’agenzia immobiliare londinese, tra le principali a livello globale, il mercato delle ville sta godendo di forte attenzione da parte dei Paperoni di tutto il mondo Il mercato immobiliare degli Emirati Arabi Uniti ha mostrato una sostanziale tenuta nel 2020 nonostante la pandemia, in particolare per il segmento più alto dell’offerta. È quanto emerge da uno studio di Knight Frank Middle East, filiale locale dell’agenzia immobiliare londinese, tra le principali a livello globale. Ad Abu Dhabi, per esempio, c’è stato un calo medio dei prezzi …

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UAE leaders launch plan to boost industrial sector to Dh300bn

‘make it in the Emirates’ campaign part of new strategy for manufacturing ‘ The UAE will increase manufacturing’s contribution to the country’s economic output to Dh300 billion over the next decade as it embarks on a national programme to boost local production and create world-beating light and heavy industries. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, announced the launch of “Operation 300bn” on Monday. It will “achieve a giant leap in the UAE’s industrial …

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How Operation 300bn and ‘Make it in the Emirates’ will turn the UAE into a manufacturing powerhouse

Launch of strategy to more than double the size of industrial base will support job creation and country’s self-sufficiency ‘Operation 300bn’ was launched on Monday to position the UAE as a global industrial hub by 2031. It is a 10-year comprehensive strategy to increase the industrial sector’s contribution to the country’s GDP from the current Dh133 billion to Dh300 billion. The strategy includes enhancing the attractiveness of the industrial sector for investors by updating legislation, including allowing 100 per cent foreign ownership of projects and making dedicated financing available. An in-country value programme will be launched to …

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Dubai rated safest place in world for business travellers, new survey shows

Dubai Global Events Re-opening Forum hears the secret to the emirate’s success in bouncing back from pandemic lockdown During the pandemic 92 percent of people saw Dubai as the safest place in the world to conduct business meetings, Dubai Tourism Chief Helal Saeed Almarri revealed on Thursday. “The desire to do business was there from people from around the world. We had a great deal of international businesses coming to these events,” Almarri said speaking at the Dubai Global Events Re-opening Forum as part of a panel of key stakeholders discussing the success and experience …

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How Dubai Expo 2020 is supporting global and local UAE food security initiatives

Expo 2020 will bring together global minds to collaborate on solutions towards more resilient food systems Food security has become a global concern in the wake of the coronavirus pandemic that disrupted food supply chains and highlighted inefficiencies in an over-reliance on imports. In an interview with Arabian Business, Hind Alowais, vice president, international participants, Expo 2020 Dubai talks about the role Expo is playing in highlighting these issues in the lead up to Expo 2020 and how the exhibition itself will bring together global minds to discuss pressing challenges, among which is food security. …

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ITALIAN BEAUTY

Vi raccontiamo, in esclusiva, il Padiglione Italia a Expo 2020 Dubai, attualmente in costruzione. La prima Esposizione Universale nel mondo arabo (1° ottobre 2021 – 31 marzo 2022) sarà l’occasione di una ripresa e riaffermazione dell’Italia in tutte le sue declinazioni di ingegno e know how sul tema della sostenibilità. Rimandata di un anno a causa della pandemia, la prima Esposizione Universale nel  mondo arabo aprirà i battenti il 1 ottobre 2021 e rimarrà aperta fino al 31 marzo 2022. Sotto il claim “La Bellezza unisce le Persone”, i materiali con i quali è rivestito …

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How investments in agricultural technology are accelerating UAE’s food security targets

Coronavirus highlighted the need for producing food locally The UAE’s investments in agriculture technology (AgTech) accelerated over the past year as coronavirus brought food security concerns to the forefront, industry experts said. Inefficiencies of the UAE’s over-reliance on food imports were highlighted when the pandemic, which hit the UAE in March, disrupted global supply chains. But the disruptions prompted increased interest in AgTech to bolster food security, said Bina Khan co-founder of investment fund Summit Venture Partners. And as the UAE seeks to improve its global food security ranking, entrepreneurs are asking to be part of the plan. Khan, …

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Startups To Play Much Bigger Role In Supporting Dubai’s Transition To A Digitally-Driven Economy

Dubai Startup Hub had successful collaborations with entrepreneurship ecosystem partners that enabled the initiative to serve a wider network of startups and entrepreneurs in 2020. Tech startups can help accelerate Dubai’s transition to a digitally-driven economy in the post-pandemic era, a top official at the Dubai Chamber of Commerce and Industry has said. Atiq Juma Nasib, Senior Vice President of Commercial Services at Dubai Chamber, was speaking at a roundtable of key stakeholders from Dubai’s entrepreneurship ecosystem as they brainstormed plans to boost startup support in 2021. Organized by the Dubai Startup Hub to brainstorm new initiatives and plans …

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The UAE tops MENA region rankings in World Bank’s ‘Women, Business and the Law’ 2021 report

The UAE has topped the Middle East and North Africa region rankings in the World Bank’s newly released 2021 ‘Women, Business and the Law’ (WBL) report.  The country’s ratings in the World Bank report saw a significant leap by virtue of ground-breaking legislative reforms implemented over the past few years. Her Highness Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, said the massive strides made by the UAE in the latest report are the result of new laws and more than 20 legislative reforms focused on enhancing women’s …

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ONLINE F&B SALES IN UAE SURGE 255% IN 2020: ANALYSIS

New analysis on Trade Opportunities in UAE Food and Beverage Market in Post-Covid Era released by Dubai Chamber on the sidelines of Gulfood 2021.  Over 270 participants from 43 countries attended Dubai Chamber’s Gulfood Breakfast Briefing event, which familiarised visiting delegates with Dubai’s economy, business landscape and industry trends. Value of online food and beverage sales in the UAE projected to reach $619 million by 2025 and record CAGR of 8.5% over the 2020-2025 period. Al Hashemi: Dubai is a leading example of a city that has leveraged technology and global partnerships to enhance food …

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Crown Prince hails Dubai as foreign investment hub as city moves up global rankings

Sheikh Hamdan says Dubai has retained investor confidence during pandemic after city is ranked third in the latest Global Cities of the Future list Dubai Crown Prince Sheikh Hamdan bin Mohammed has hailed the emirate’s position as a global investment hub after the city was ranked third in the latest Global Cities of the Future list.Only Singapore and London were ahead of Dubai in the list, compiled by FDI Intelligence, which measured foreign direct investment flows across the world during what it called a “particularly challenging period” due to the impact of the coronavirus pandemic. …

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H.H. Sheikh Mohammed Bin Rashid Al Maktoum Launches The Invest In Dubai Platform

The “Invest in Dubai” platform was developed by Smart Dubai and the Dubai Department of Economic Development, under the supervision of the General Secretariat of The Executive Council of Dubai. H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched a specialized platform to create opportunities for investors and consolidate Dubai’s position in the global investment landscape. The new “Invest in Dubai” portal, which is considered to be the largest one-stop-shop platform of its kind by enabling investors to obtain trade licenses and launch their business easily in a …

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Opportunities in the UAE for italian companies

International Webinar  the opportunities offered by a fast-growing world area in an innovative and technologically advanced context can play the relevant role of reference market for many Italian companies.This international event aims at offering students, economic operators and institutions an analysis, with a focus also on cultural aspects, of the Emirati economic and financial world in the framework of the ongoing transformations of the international scenario. H. 9.00Institutional greetingsAntonella SCIARRONE ALIBRANDI, Pro Rector, Università Cattolica del Sacro CuoreElena BECCALLI, Dean of the Faculty of Banking, Finance and Insurance Sciences, Università Cattolica del Sacro CuoreGiovanni GOBBER, …

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Dubai builts the city of the future: District 2020

Almost 80 percent of Expo’s built environment will be retained for District 2020 For six months from October, the Expo 2020 Dubai site will be one of the most connected places in the world. But what happens after that? What happens to the Expo assets, to the art, architecture, pavilions and innovative designs on display? The legacy of Expo 2020 will remain as District 2020, an integrated community that will connect people long into the future. District 2020 will continue to support the acceleration of Dubai’s development and will be a home for innovators, families, …

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Despite coronavirus challenges, Sharjah attracts over Dhs800 million in FDI investments

2020 was arguably one of the most challenging years in human history. The onset of COVID-19 strapped the global economy on a roller-coaster ride, affecting both lives and livelihoods of people worldwide. On the business side particularly, the pandemic has revealed the resilience of cities like Sharjah, which continued to grow amid crisis by allowing global investors leverage opportunities offered by its diverse economy, business-friendly environment and low operating costs, among other competitive advantages. At the end of 2020, the emirate attracted 24 foreign direct investment (FDI) projects worth $220 million (Dhs808.6 million), as per …

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