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UAE business sector looks forward to Expo 2020 Dubai

Mega global event set to step up investment opportunities and further boost UAE economy Hesham Abdulla Al Qassim, Vice-Chairman and Managing Director, Emirates NBD: “With a year to go until Expo 2020 Dubai, as the event’s Official Banking Partner, Emirates NBD joins the country in anticipation and excitement as we prepare in earnest for this milestone event in our nation’s history. The bank has already made significant progress; we have scaled our teams as we plan ahead to showcase our innovations in smart technology and digital banking through our site-wide presence as “Bank of the …

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BREAKING RECORD AFTER RECORD

Tourism on the rise After a record-breaking year in 2017—the Emirate attracted 4.88 million visitors—Abu Dhabi expects to attract even more in 2018, with estimates of nearly 6 million hotel guests, the Director General of Abu Dhabi’s Department of Culture and Tourism, Saif Saeed Ghobash, confirmed. Looking at the Emirate overall, visitors to Abu Dhabi city increased at a higher pace (10.3%) than the Al Ain region, accounting for 88% (4.29 million) of tourists to the Emirate. Visitors to the city were able to benefit from the wide offer of 131 hotels. Meanwhile, the Al …

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ADVANCING VIA COLLABORATION

TBY talks to Mohamed Al Musharrkh, CEO of Sharjah FDI Office (Invest in Sharjah), on FDI in the UAE, the role of free zones, and the Sharjah Investors Center. fdi rankings The UAE is ranked 12th globally in terms of FDI between 2017 and 2019. What contributed to its high position in global FDI rankings? The UAE maintains continuous efforts to ease the process of setting up and doing business. As a nation, we have relentlessly sought to improve procedures to access credit locally, reduce bureaucratic interruptions, and launch processes that improve transparency. Such meticulous …

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BIG CANVAS

Dubai as art hub By hosting more cultural events and opening new gallery spaces, Dubai is aiming to become an art hub for the Gulf region. Dubai has long captured the world’s imagination with its awe-inspiring skyscrapers and ultra-modern urban design, but now city planners are looking to go a step further in encouraging an arts scene to blossom. By hosting an increasing number of cultural events and opening new gallery spaces, Dubai officials are working hard to elevate the world-class business hub into a cultural capital for the gulf region. In recent years, the …

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ABU DHABI’S INITIATIVES TO FAST-TRACK NON-OIL GROWTH

With the launch of a series of initiatives to support growth in the non-oil sector, Abu Dhabi is reinforcing its efforts to diversify the economy away from hydrocarbons. In late June the Abu Dhabi government announced it had created a Dh4bn ($1.1bn) fund to boost research and development (R&D) in the emirate. The fund will provide rebates to companies that invest in R&D and launch new business ventures, with the aim of incentivising greater levels of innovation. This will be accompanied by measures designed to support business growth, such as the implementation of energy discounts for industrial …

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WORLD ENERGY CONGRESS IN ABU DHABI TO ATTRACT THOUSANDS OF VISITORS

Energy output, supply and diversification from oil and gas to renewables and nuclear, transport and finance will be the main focus of discussion at the world biggest energy meeting to be held in the UAE capital next month. More than 500 CEOs from across the world will among the 4,000 delegates to participate in the 24th World Energy Congress scheduled to take place from September 9-12 at Abu Dhabi National Exhibition Centre (ADNEC). The World Energy Congress, which will be hosted in the Middle East for the first time, is the world’s largest and most …

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UAE DEFINES INDUSTRY SECTORS ELIGIBLE FOR UP TO 100%

Companies and residents on Tuesday welcomed the UAE Cabinet’s announcement of business activities eligible for up to 100 per cent foreign ownership under a law ratified last November, as the country seeks to increase investment from overseas and create jobs for nationals. The list of 122 economic activities across 13 sectors includes renewable energy, space, agriculture, manufacturing, transport, logistics, hospitality, food services, information and communications, and a host of others, according to the UAE state news agency Wam. “Our goal is to open and expand economic sectors, attract new investors and cement the global competitiveness of our national …

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ABU DHABI’S GDP TO GROW AT 3% THIS YEAR ON POLICY BOOST

Abu Dhabi: Abu Dhabi’s overall GDP (gross domestic product) in 2019 is expected to grow by 3 per cent at constant prices with non-oil growth projected at 3.9 per cent, a top official of Abu Dhabi’s Department of Economic Development told Gulf News. “Abu Dhabi’s economy showed further improvement by the end of 2018, growth has strengthened somewhat as a result of policies taken by the government to boost economic growth. Our forecasting show that this improvement will continue in 2019,” said Rashed Abdul Karim Al Beloushi, undersecretary of the Abu Dhabi Department of Economic …

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ICONIC BUILDINGS IN DUBAI: MORE THAN JUST LANDMARKS

Dubai’s remarkable built environment, infrastructure and iconic buildings have shaped the city’s skyline and made it attractive for global visitors, professionals and the city’s residents alike. The city’s forward-thinking and ambitious plans have encouraged architects to push the boundaries of creativity and innovation in making this place a world-class city to live and work. Firas Hnoosh, principal and design director of architecture at Perkins+Will Dubai Studio, believes the city’s ambition and economic success have been the driving force behind its unique developments. “Dubai offers architects a great deal of freedom to realise new forms of …

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DUBAI & RIAD NUOVE CAPITALI DEL BUSINESS

EFG Consulting ha supportato AMBIENTHESIS SpA  del Gruppo Green Holding, prima azienda privata italiana per dimensioni e fatturato nel settore dell’Industrial waste management e delle bonifiche ambientali, quotata all’MTA della Borsa di Milano a selezionare e accordarsi con un partner industriale negli Emirati; la Bee’ah, di proprietà della municipalità di Sharjah e della famiglia reale dell’Emirato, che rappresenta la principale azienda del settore negli EAU ed una delle prime in tutto il Middle East. A giugno 2018 è stato firmato un primo memorandum of understanding alla presenza dell’Ambasciatore italiano Liborio Stellino. In settembre 2018 é stata costituita …

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PROJECTS TO CONTINUE BUILDING DUBAI AS THE WORLD’S BEST CITY

We approved a package of developmental projects to continue building Dubai as the world’s best city. The SkyWay project, a 15-Kilometer urban transit system, will transport passengers along Dubai’s skyscrapers trough 21 stations. We launched “Sunset Promenade” project, a new family destination that includes small innovative islands, walkways, green hills, water canals and entertainment facilities. The project will raise the quality of life and achieve happiness to residents in the city. We also launched the Sky Garden project that comprises a new footbridge with green spaces, jogging tracks and bicycle lanes. We partnered with Careem …

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SULTAN AL QASIMI UNVEILS SHARJAH WORLD BOOK CAPITAL 2019 MONUMENT AND “HOUSE OF WISDOM” PROJECT

His Highness Shaikh Dr. Sultan bin Mohammad Al Qasimi unveiled the Sharjah World Book Capital 2019 Monument yesterday. Developed by Sharjah Investment and Development Authority (Shurooq) and commissioned by  the Internationally acclaimed UK-based artist, Gerry Judah, the 36.5 meters high sculpture is inspired by an ancient scroll design that represented the lasting power of books and how reading shares a strong purpose of uniting people together. Shaped like a torch, the monument highlights Sharjah’s ongoing efforts aimed at fostering reading and stressing the important role of books in further intellectuality and enlightenment. Shurooq started developing the monument after the World Book Capital’s …

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DUBAI TARGETS 3.8% GDP GROWTH IN EXPO 2020 YEAR

Dubai: Dubai is targeting inflation-adjusted growth of 2.1 per cent this year and followed up by 3.8 per cent in the next, on the back of Expo 2020 activities and improved foreign investment inflows. In fact, for next year, the government forecasts foreign investments to touch Dh50 billion from a 15-20 per cent gain over this year. The inflow was Dh38.5 billion in 2018. Growth is then expected to ease to 2.8 per cent in 2021, a natural outcome following the one-off spike the economy will get through the better part of 2020. The emirate’s economy …

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UAE INVITES ITALIAN FIRMS TO PARTNER WITH ITS PRIVATE SECTOR IN BID FOR FDI BOOST

The UAE is inviting Italian oil and gas, technology, renewable energy and infrastructure companies to partner with its private sector as it seeks to further boost foreign direct investments flows, Economy Minister said. “Our FDI law provides a wide range of opportunities,” Sultan Al Mansouri told the Italy-UAE Business Forum in Dubai on Monday. “All of these are priority sectors for the UAE government and the private sector. Given many opportunities of mutual investments, I would like to invite Italian companies to benefit from the UAE as a regional and global hub [of investments].” The UAE, the second-biggest …

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SHARJAH OFFERS ITS INVESTORS DIGITAL SERVICES IN VITAL SECTORS

Sharah24: Leading Sharjah government entities are leveraging their presence at the ninth Annual Investment Meeting (AIM 2019) to showcase the emirate’s diverse sectors and competitive advantages on offer to foreign investors seeking opportunities for expansion. Showcasing Sharjah’s strategic location, investment-friendly business landscape, transparency and flexibility of procedures, which adds to the UAE’s profile among top investment destinations globally, participating entities have revealed that they are working towards boosting these qualities by launching smart technologies, which will drive growth in all sectors, particularity boosting the role of technology and innovation sector. Sharjah Chamber of Commerce and Industry …

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SHARJAH UNVEILS PLAN TO BUILD $ 544m SUSTAINABLE CITY

Sharjah Investment and Development Authority (Shurooq) on Wednesday unveiled plans to build a AED2 billion ($544 million) sustainable city. Spread over 7.2 million sq ft, Sharjah Sustainable City will be completed in four phases in partnership with Diamond Developers, the company behind Dubai Sustainable City. Construction set to start in the next three months and the first phase will be finished by the last quarter of 2021. The project will include a sustainable school, which will promote the concepts of sustainability through school curricula. It will also features a sustainability experience centre, a platform to host meetings …

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TECH PARK AT MASDAR CITY TO POSITION ABU DHABI AS AN INNOVATION HUB FOR START-UPS

Masdar City, Abu Dhabi’s flagship sustainable urban community, has launched Tech Park, a new destination for start-ups focused on technology, sustainability and the digital economy. The strategic hub will house companies receiving funding and mentorship through the Catalyst, the Middle East’s first start-up accelerator specializing in clean technology and sustainability, as well as provide a base for research & development and other enterprises operating in the sector.Yousef Baselaib, Executive Director for Sustainable Real Estate at Abu Dhabi Future Energy Company (‘Masdar’), said: “The launch of Tech Park marks an important milestone in Masdar City’s development. …

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UAE AMONG TOP 10 NATIONS TO LIVE IN

Survey held in more than 160 countries to gauge what mattered most to people. The UAE was ranked among the top 10 countries world-wide in well-being indicators of the 2018 World Poll, which tracks the opinions of people in more than 160 countries on what matters most of them. Uhoud Khalfan Al Roumi, Minister of State for Happiness and Well-being, said that the UAE’s advanced ranking on the indicators reflects the country’s focus on enhancing well-being in all sectors. Al Roumi praised the efforts of all government, private, community and academic organisations in the UAE as being …

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UAE RANKED AS THE SAFEST COUNTRY IN THE WORLD

Dubai: The UAE is ranked the safest place in the world as 96.1 per cent of people feel safe to walk outside at night, according to officials on Sunday. Lt General Dahi Khalfan Tamim, Deputy Chairman of Police and Public Security in Dubai, said the national agenda Index in 2018 was positive in all security and safety levels, which put the UAE on top in many fields. “The survey showed that 96.1 per cent of people feel safe and secure in the country,” said Lt Gen Tamim during a press conference to announce results at the …

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ABU DHABI TO SPEND DH500 MILLION TO ATTRACT MORE VISITORS

Abu Dhabi: Department of Culture and Tourism, Abu Dhabi (DCT Abu Dhabi) plans to spend Dh500 million as part of a marketing campaign to attract more visitors to the emirate, a top official said on Tuesday. “The aim of tourism marketing is to boost Abu Dhabi’s competitiveness and raise tourism awareness in key target markets for increased tourism demand over the next three years,” said Saif Saeed Ghobash, undersecretary at DCT Abu Dhabi. As part of the marketing activities, the department would be conducting roadshows in the United States, China, United Kingdom, Russia and India, among …

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SUSTAINABLE URBAN MOBILITY TO AID ECONOMIC GROWTH

How can Dubai achieve its vision for the future of transportation that places the Emirate as a global business hub and one of the world’s most preferred cities to live in? Dubai’s strategic location makes it a key destination for trade and commerce. An efficient public transport system is an essential element in serving the mobility and access needs of people across the Emirate. Our roads and transportation system underpin the framework of the city, while supporting it growth and development, and further enhances its competitiveness. Being the transport entity of Dubai; Roads and Transport Authority …

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SUSTAINABLE URBAN MOBILITY TO AID ECONOMIC GROWTH

An efficient transport system is key to Dubai’s future, says Mattar Al Tayer. How can Dubai achieve its vision for the future of transportation that places the Emirate as a global business hub and one of the world’s most preferred cities to live in? Dubai’s strategic location makes it a key destination for trade and commerce. An efficient public transport system is an essential element in serving the mobility and access needs of people across the Emirate. Our roads and transportation system underpin the framework of the city, while supporting it growth and development, and further …

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SAUDI CABINET APPROVES 24 HOUR TOURISM VISA FOR FOREIGN TRAVELERS

Sports and entertainment in Saudi Arabia – from new cinemas to major international sporting events, like Formula E and European Tour golf – is attracting billions of dollars in investment. Saudi Arabia has approved new electronic visas for foreign visitors attending sporting events, concerts and business attractions. The decision will enable visitors to obtain a visa within 24 hours, Arab News reported. Saudi’s governing bodies for sports, cultural and business events – General Investment Authority, General Sports Authority and General Entertainment Authority – will provide the government with details of upcoming events two months ahead of …

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BELLEZZE E STILE IN PASSERELLA. LE DONNE DI LIDIA CARDINALE COUTURE E OSPITI ILLUSTRI ALL’UMANITARIA.

Respiro di primavera, sogno d’estate sulla passerella del salone degli affreschi dell’Umanitaria. Donne che fluttuano nell’aria avvolte dai colori freschi dei petali di fiori queste sono le leggiadre e sensuali donne di Lidia Cardinale Couture. Per la sera sapienti ricami ed eleganti paillettes accompagnano le delicate trasparenze dei chiffon di seta che si librano leggeri nell’aria coi loro plissé ed esaltano la primavera. Per il giorno, invece, raffinati tessuti, morbidi bouclé e sbarazzine frange avvolgono con la grazia la donna rendendola fatale ed elegante. Sulla passerella la classe di Ludmilla Voronkina moglie di Giovanni Bozzetti gia’ assessore alla moda …

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DA ENI ALLE PMI, PER L’ITALIA E’ IL MOMENTO DI ABU DHABI

Il mercato degli Emirati Arabi Uniti è in una fase particolarmente favorevole per le aziende del Belpaese che si preparano all’Expo di Dubai 2020 anche facendosi affiancare da consulenti specializzati. Il Papa per la prima volta in un Paese arabo, gli Emirati Arabi Uniti, e precisamente nella loro capitale Abu Dhabi. E l’Eni che firma proprio con l’azienda petrolifera di Stato di Abu Dhabi, la Adnoc, un grandissimo piano di investimenti – una delle operazioni più significative del settore petrolifero degli ultimi anni – rilevandone per 3,3 miliardi di dollari il 20 per cento. Adnoc …

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