Il Ministero dell’Economia degli Emirati Arabi Uniti e EFG Consulting hanno rinnovato la loro partnership strategica per l’organizzazione di Investopia, il prestigioso Forum Internazionale di investimenti e business che si terrà il prossimo 16 maggio a Milano, presso Palazzo Mezzanotte. L’accordo, firmato il 27 febbraio 2025 durante Investopia Abu Dhabi, segna una tappa fondamentale nell’espansione del Forum globale sugli investimenti. Milano, con la sua centralità economica in Europa, rappresenta la porta d’ingresso per gli investimenti provenienti dal Medio Oriente. Questo evento assume una grande rilevanza anche alla luce della recente visita del Presidente degli Emirati …

Investopia Torna a Milano: Italia ed Emirati Sempre Più Vicini Read More »

L’Italia esporta verso gli EAU per circa 350 milioni di euro Milano, 20 febbraio 2025 – L’Italia è protagonista alla 30a edizione di Gulfood, fiera dedicata al food&beverage in scena questa settimana a Dubai, che rappresenta il più importante appuntamento del settore in Medio Oriente. Con un aumento delle esportazioni dell’industria alimentare e delle bevande Made in Italy negli Emirati Arabi Uniti pari al 6% nell’ultimo anno*, il nostro Paese consolida la sua posizione di leadership a livello globale. Latticini e prodotti da forno sono i settori dell’industria alimentare in cui l’export italiano ha registrato i migliori risultati negli Emirati, con un aumento di circa …

EMIRATI-XXX EDIZIONE DI GULFOOD. BOZZETTI: BOOM DI EXPORT PER IL FOOD&BEVERAGE ITALIANO Read More »

UAE is emerging as a global superpower on back of diplomatic efforts and strong economy The UAE has secured 10th place globally in the Global Soft Power Index 2025. The UAE’s Nation Brand also witnessed a significant increase in its value to $1.223tn dollars in 2025. The Global Soft Power Index, published by Brand Finance, evaluates 193 countries based on insights from 173,000 business leaders, policymakers, and civil society figures, making it one of the most comprehensive assessments of national influence and perception. UAE power index The UAE was among the top 10 globally in key categories, ranking: …

UAE ranked 10th in Global Soft Power Index as nation brand climbs to $1.2tn on growth potential, diplomacy and influence Read More »

His Highness HH Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister of the UAE, has announced a historic milestone: the UAE’s foreign trade has reached AED 3 trillion ($816 billion) by the end of 2024—a record achievement. While global trade grew by just 2% in 2024, the UAE surged ahead with an impressive 14.6% growth—seven times the global rate. Under the leadership of His Highness HH Sheikh Mohamed bin Zayed Al Nahyan, UAE Comprehensive Economic Partnership Agreements added AED 135 billion ($37 billion) to non-oil trade, marking a 42% increase over the previous year. In …

The UAE Foreign Trade Hits AED 3 Trillion ($816 Billion)—A Vision Becoming Reality Read More »

Dubai outperformed more than 47 cities worldwide, emerging as the world’s cleanest city Dubai has once again secured the top position as the world’s cleanest city, according to the latest Global Power City Index (GPCI) report issued by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan. This prestigious recognition, achieved for the fifth year in a row, underscores Dubai’s commitment to establishing itself as a benchmark for future cities. The emirate continues to lead the way in sustainable urban development, reflecting its adherence to the highest international standards of living and …

Dubai named world’s cleanest city for fifth consecutive year on Global Power City Index Read More »

La premier: «Interconnessioni chiave per diplomazia energetica, no a decarbonizzazione a prezzo della desertificazione economica» «Se vogliamo fare una transizione energetica concreta e sostenibile, dobbiamo assicurarci che sia realizzata con infrastrutture adeguate. Sono sicura che sviluppare le interconnessioni può essere la chiave di una nuova diplomazia energetica per moltiplicare le opportunità di cooperazione fra noi, e generare benefici condivisi fra tutti. Con questo approccio l’Italia vuole diventare un hub strategico per i flussi energia fra Europa e Africa». Lo ha detto la premier Giorgia Meloni nel suo intervento alla Abu Dhabi Sustainability Week. Una infrastruttura per …

Meloni: «L’Italia vuole diventare un hub strategico per i flussi energia fra Europa e Africa» Read More »

Successful launch of region’s most advanced satellite new milestone in UAE Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and President of MBRSC, on Wednesday said MBZ-SAT satellite will aid development and sustainability.Taking to X, Sheikh Hamdan wrote: “We have successfully launched MBZ-SAT, the region’s most advanced satellite, marking a new milestone in the UAE’s space technology development.”Named in honour of the President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the satellite will significantly contribute to our development and sustainability efforts, he pointed …

UAE satellite launches: Sheikh Hamdan says MBZ-SAT to aid development, sustainability Read More »

The UAE continues to solidify its position as a global leader in competitiveness, reflecting the nation’s visionary leadership and relentless commitment to progress and human development. In 2024, the UAE ranked first globally in 223 indicators, an increase from 215 in 2023, and secured a spot among the top five countries in 444 indicators, compared to 406 last year. Additionally, the UAE ranked among the top ten globally in 661 indicators, up from 604 in 2023 and 508 in 2022. In the IMD World Competitiveness Yearbook 2024, the UAE climbed three places to secure the …

In the IMD World Competitiveness Yearbook 2024, the UAE climbed three places to secure the seventh position globally, showcasing remarkable performance across all dimensions. Read More »

In the presence of President His Highness Sheikh Mohamed bin Zayed Al Nahyan; Her Excellency Giorgia Meloni, Prime Minister of Italy; and His Excellency Edi Rama, Prime Minister of Albania, the UAE, Italy, and Albania have signed a landmark tripartite strategic partnership framework to enhance cooperation in renewable energy and energy infrastructure. The framework was signed by His Excellency Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President, and Chairman of Masdar; His Excellency Gilberto Pichetto Fratin, Italian Minister of the Environment and Energy Security; and Her Excellency Belinda Balluku, Albanian …

UAE, Italy, Albania sign tripartite strategic partnership framework for cross-border green energy cooperation Read More »

The agreements included one with JC Media Group, the publisher of Economy Middle East The fourth edition of the Investopia summit, Investopia 2025, will take place in Abu Dhabi on February 26 and 27 under the theme ‘Leveraging the Power of Massive Investments’. This was announced during an annual partners meeting organized by Investopia, attended by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and chairman of Investopia; and Her Excellency Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship. More than 100 members of the Investopia community attended the event, in addition …

Investopia announces 4th edition of annual summit, signs 15 new partnerships Read More »

UAE tops list of 89 countries, and ranks high for entrepreneurship and being open for business The UAE has been named the world’s most economically stable country in a new ranking. The country tops a list of 89 countries released by US News and World Report. The UAE also ranked high for ‘entrepreneurship’ (No 15) and ‘open for business’ (No 33). Under the ‘entrepreneurship’ category, the UAE scored an impressive 86.9/100 points for connectivity to the rest of the world. It also achieved a score of 90.7 for being entrepreneurial. The UAE also scored high for …

UAE named most economically stable country in the world Read More »

Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025  The UAE’s real GDP is anticipated to hold steady at 4 percent in 2024, with an increase to 5.1 percent projected for 2025, as reported by the IMF World Economic Outlook (WEO). This forecast was launched during the 2024 IMF/World Bank Group Annual Meetings, which also predicted that the economies of the Middle East and Central Asia will grow by 2.4 percent and 3.9 percent in 2024 and 2025, respectively. Global growth trends Globally, growth is expected …

UAE’s real GDP expected to expand by 5.1 percent in 2025, according to IMF Read More »

In 2023, the United Arab Emirates (UAE) saw its non-oil trade surge to a new high of 3.5 trillion dirhams ($952.93 billion), according to Prime Minister Sheikh Mohammed bin Rashid al-Maktoum, who shared the news on X this Sunday. The country witnessed a 12.6% increase in its non-oil goods trade compared to the previous year, with the export of goods and services breaking the 1 trillion dirham mark for the first time, as stated by Thani Al Zeyoudi, the Minister of Foreign Trade, in a separate update on social media. Beginning in 2021, the UAE, traditionally known for its oil exports, …

UAE’s non-oil trade hits record high, surpasses $952bn in 2023 Read More »

Il settore turistico degli Emirati Arabi Uniti sta registrando un’espansione senza precedenti, con stime che prevedono oltre 40 milioni di turisti entro il 2030. Questo flusso contribuirà con $100 miliardi all’economia del Paese, quasi il doppio rispetto ai $48 miliardi del 2023. Gli aspetti più rilevanti sono:– Crescita dell’ospitalità e del retail: L’ospitalità rappresenta il 45% della spesa turistica, con il settore retail che raggiungerà $18 miliardi entro il 2030, trainato principalmente dalla moda (oltre 70% della spesa turistica nel retail).– Settore elettronico in espansione: Le vendite di elettronica stanno crescendo a un tasso del 9% CAGR dal 2023 al 2028, grazie alla reputazione degli Emirati …

Il settore turistico degli Emirati Arabi Uniti prevede una crescita straordinaria: $100 miliardi di contributo all’economia entro il 2030. Read More »

The top six cities manage two-thirds of sovereign wealth fund capital globally, which amounted to $12.5 trillion in October Abu Dhabi emerged as the leading city that manages the most sovereign wealth fund capital globally at $1.7 trillion, as of October 2024. This capital is managed by various sovereign wealth funds including the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company (MIC), Abu Dhabi Developmental Holding Company (ADQ), and the Emirates Investment Authority (EIA). Abu Dhabi overtakes Oslo’s top spot The latest report from Global SWF reveals that Abu Dhabi now ranks slightly above Oslo, home to …

Abu Dhabi tops global charts with $1.7 trillion in assets under sovereign wealth fund management Read More »

AED27.859 billion, or 39 percent of the total budget, has been dedicated to the social development and pensions sector The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the union general budget for the fiscal year 2025. The budget totals AED71.5 billion ($19.5 billion) in revenues and AED71.5 billion in estimated expenditures, maintaining a balanced approach between income and spending. This federal budget represents the largest in the UAE’s history, underscoring the robustness of the national economy and …

UAE Cabinet approves $19.5 billion federal budget for 2025, largest in country’s history Read More »

The UAE Space Agency will be the general secretariat for the council, responsible for providing technical and administrative support The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE  and Ruler of Dubai, approved the formation of the Supreme Space Council in its latest meeting, a permanent entity reporting directly to the cabinet. The cabinet noted that Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, will chair the council. Council members The Supreme …

UAE sets up Supreme Space Council, Sheikh Hamdan to be chairman Read More »

The residential facilities will be spread over five areas A new master plan for Expo City Dubai with residential and business facilities for around 75,000 people was approved on Thursday by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The plan aims to transform the city, which hosted ‘Expo 2020 Dubai’ and the UN Climate Change Conference (COP28), into a major driver of future growth for Dubai. Spanning 3.5sqkm over five districts, Expo City Dubai will have the capacity to house more than 35,000 residents and …

Look: Sheikh Mohammed approves master plan for Expo City Dubai with capacity for 75,000 people Read More »

The emirate attracted 508 greenfield foreign direct investment projects during the January-June period Dubai remained the world’s top destination for greenfield foreign direct investment projects in the first half of 2024, despite challenging global economic conditions, a study has shown. The emirate topped major financial centres such as London, Singapore and New York across a range of sectors, including tourism, real estate, artificial intelligence, headquarters, logistics and FinTech. The emirate attracted 508 greenfield FDI projects during the January-June period, representing a 6.2 per cent global share, growing from 5.7 per cent in the same period last year, Dubai Media Office …

Dubai ranked world’s first for greenfield FDI projects, beating London and New York Read More »

The non-oil sector is expected to grow by 4.6 percent year-on-year in 2024  The UAE is forecasted to experience an economic expansion of 4.8 percent in 2025. Scott Livermore, ICAEW economic advisor and chief economist and managing director of Oxford Economics Middle East, made this projection in a statement to the Emirates News Agency (WAM). Non-oil sector expansion Livermore highlighted that the non-oil sector is expected to grow by 4.6 percent year-on-year in 2024. He noted that industries outside oil, particularly travel and tourism, will continue to thrive, with visitor numbers to Dubai and traffic through DXB reaching …

UAE’s economy projected to grow 4.8 percent in 2025 driven by non-oil sector, tourism surge: Oxford Economics Read More »

Centers to advance best practices and address key economic challenges by harnessing power of AI Microsoft Corp. and G42 will establish two new centers in Abu Dhabi to advance their collective responsible AI goals. The centers are part of their partnership announced earlier this year. Co-founded and co-funded by G42 and Microsoft, with the endorsement of the UAE’s Artificial Intelligence and Advanced Technology Council (AIATC), the first center will identify, develop and advance best practices and industry standards for the responsible use of AI in the Middle East and the Global South. The second is …

UAE’s AI firm G42, Microsoft to launch two AI centers in Abu Dhabi Read More »

The campaign will launch in major cities including Cannes, Munich, Paris, London, Zurich, Geneva, and New York The UAE has recently launched its ambitious ‘Invest in the Emirates’ campaign, extending a global invitation to top innovators, talents and entrepreneurs to explore the unparalleled opportunities within the country’s dynamic business landscape. The campaign will launch in major cities including Cannes, Munich, Paris, London, Zurich, Geneva and New York. Introduced by Idris Elba, the ‘Invest in the Emirates’ campaign will invite entrepreneurs and business leaders to bring their ideas to the UAE where they can not only …

UAE’s ‘Invest in the Emirates’ campaign to attract world’s top innovators, talents and entrepreneurs Read More »

Financial, insurance sector activities topped non-oil economic activities with 7.9% growth Dubai: The UAE’s real gross domestic product (GDP) reached Dh430 billion during the first quarter of 2024, signalling a 3.4 per cent growth compared to Q1 2023, the Minister of Economy Abdulla bin Touq Al Marri announced. He stated that the UAE non-oil GDP grew by 4 per cent during the first quarter (compared to Q1 2023), with financial and insurance activities achieving a 7.9 per cent growth rate. The Ministry said that robust tourism inflows to the UAE also led to a 4.6 …

UAE’s GDP grows 3.4% to Dh430 billion in first quarter of 2024 Read More »

ABU DHABI, 8th September, 2024 (WAM) — The UAE’s tourism sector continues to record remarkable performance in international tourist arrivals and hotel bookings, aligning with the UAE Tourism Strategy 2031, which aims to attract AED100 billion in tourism investments and boost the sector’s contribution to the GDP to AED450 billion by 2031. In 2023, the tourism sector contributed 11.7 percent of the UAE’s GDP, totalling AED220 billion, and is expected to rise to 12 percent or AED236 billion in 2024, according to figures from the World Travel and Tourism Council (WTTC). The WTTC projects the …

UAE Tourism: Boosting investments to drive GDP growth Read More »

The UAE’s non-oil exports to its top 10 trade partners rose by 28.7 per cent, while trade with all other nations increased by 12.6 per cent The UAE’s non-oil foreign trade reached a record high of Dhs1.39tn ($379.85bn) in the first half of 2024, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said on X on Sunday, reflecting the country’s initiatives to reduce its reliance on oil “A few years ago, we set ambitious national economic goals, aiming for Dhs4tn in foreign trade by 2031 …

Historic high: UAE’s non-oil foreign trade tops Dhs1.4tn Read More »