DAVOS: Gulf economies are benefiting from competition and continue to show signs of growth because of competitiveness in the Middle East region, the UAE economy minister told Arab News on Wednesday. Abdulla bin Touq Al-Marri, who was speaking on a panel at the World Economic Forum in Davos, said that competition within the Gulf economies was a good thing, and that their trajectories were on an upward path, even in the face of current high interest rates and inflation.“If you look at three years ago, competition was there and competition is always going to be …

Competition between Gulf economies benefits whole region, UAE economic minister tells Arab News Leggi tutto »

Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in Europe, the Middle East and Africa, and Bloomberg Media have launched a global study focused on the future of the utilities sector The Future of Utilities report, published on the eve of the World Economic Forum’s Annual Meeting in Davos, found that grid readiness and the integration of renewables into the grid network is the biggest single threat to realising net zero ambitions in the power sector. The study, incorporating insights from nearly 600 industry experts worldwide, highlights a need …

TAQA and Bloomberg Media launch Future of Utilities report at 54th World Economic Forum annual meeting Leggi tutto »

UAE presence comprises over 100 prominent figures, including corporate leaders, private sector and government officials The UAE announces its participation in the 53rd edition of the World Economic Forum (WEF) 2024, which will be held in Davos, Switzerland between 15 and 19 January. This year’s participation of the UAE is characterized by the involvement of more than 100 personalities, including heads of national companies and corporate leaders, leading private sector firms, government officials, and senior business leaders, whereas 80% of the participation from the country is from major national companies and the private sector. UAE’s …

The UAE participates in the World Economic Forum Davos 2024 Leggi tutto »

Dubai, for a third year in a row, has been voted the world’s best travel destination by users of the travel app Online travel booking giant, Tripadvisor, says its community users have ranked Dubai, yet again, as the world’s top travel destination. Dubai came out tops in the 2024 Travelers’ Choice Awards Best of the Best winners for a third year in a row in the top destinations category. Tripadvisor says that “winners in this category are destinations whose hotels, restaurants and things to do received a high volume of above-and-beyond reviews and opinions from our …

Dubai named world’s best destination by Tripadvisor, yet again Leggi tutto »

UAE Cabinet approves 2024 development plan with sustainability as a pillar The Cabinet approved the UAE’s 2024 plan, during its first meeting of the year on Friday. The plan, as set out by President Sheikh Mohamed on Union Day, will focus on implementing national priorities. A key pillar of the plan is continuing national efforts to keep sustainability at the forefront of development, to honour the UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, as announced at Expo City Dubai in December. Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said that 2024 …

UAE Cabinet approves 2024 development plan with sustainability as a pillar Leggi tutto »

The emirate’s economy reached its highest quarterly value at Dh290.5 billion in 2023 Abu Dhabi’s non-oil gross domestic product expanded 8.6 per cent in the first nine months of the year, supporting overall economic growth as the UAE capital continues with its diversification strategy. The emirate’s total GDP for the January-September period grew by 2.8 per cent on an annual basis, despite fluctuations in the world’s oil and gas markets, the Statistics Centre Abu Dhabi said on Friday. In the third quarter, the emirate’s economy “reached its highest quarterly value” at Dh290.5 billion ($79.1 billion), …

Abu Dhabi’s non-oil economy expands 8.6 per cent in first 9 months of 2023 Leggi tutto »

In an exclusive interview, Lorenzo Fanara, Ambassador of Italy to the UAE shares insights on the dynamic growth of political and trade relations between Italy and the UAE and the developments shaping this crucial partnership How have you seen the development of political and trade relations between Italy and the UAE since you assumed office? I can truly affirm that my first year as the Italian Ambassador to Abu Dhabi has been characterised by excellent developments in both political and commercial relations between Italy and the UAE. On the political front, relations notably strengthened with …

STRENGTHENING BONDS Leggi tutto »

Environmental care permeates leisure, architecture, transport, energy projects, and more Dubai: The picturesque Hatta region of Dubai, nestled in the Hajar Mountains, is seeing a remarkable transformation. Driven by a visionary development plan, the region has emerged as an exemplary model for sustainable growth and cultural preservation, making it a destination that is steadily growing in popularity not just nationally but also globally. Named as one of the ’50 Most Beautiful Small Towns in the World’ by Condé Nast Traveler in May, Hatta is a testament to Dubai’s visionary leadership and commitment to balanced growth. …

How Dubai’s quaint region of Hatta became a global model for sustainable tourism Leggi tutto »

The UAE is building several sustainable, smart, and energy-efficient cities The United Arab Emirates (UAE) has performed well in global rankings on creating smart cities. It is part of the its plan for digital transformation and a tool to diversify its economy. It is worth nothing  that the UAE is one of the leading countries in the field of digital transformation in the Arab world. With that said, the UAE is building several sustainable, smart, and energy-efficient cities. It is regulating renewable energy through technology and architectural design. The UAE’s first step in transforming traditional …

The UAE excels in transforming and building smart cities Leggi tutto »

Country ranked first among Arab and regional airlines, fifth worldwide The UAE has successfully maintained its leading position in the region and worldwide when it comes to the efficiency and quality of air transport services. Within the Middle East and North Africa (MENA) aviation industry, the UAE takes the lead and experiences consistent growth in the public sector, thanks to hosting major events that significantly contribute to boosting air traffic. Projections indicate a strong and positive growth trajectory in the aviation sector for 2024, as stated byKamil Al-Awadhi,  International Air Transport Association (IATA) regional vice-president …

UAE soars to the top, dominates regional aviation sector Leggi tutto »

La COP28 di Dubai si è chiusa con un accordo di portata storica, che segna l’inizio della fine dell’era dei combustibili fossili. “Rendere possibile l’impossibile”, il principio che ha ispirato la leadership degli Emirati nel corso di cinquant’anni di crescita ininterrotta e record infranti, ha avuto un peso notevole anche nelle fasi finali del negoziato. Un successo che conferma il ruolo cruciale degli Emirati Arabi Uniti nel dialogo internazionale. È quello che Sultan Al Jaber, Presidente della COP28 e Ministro dell’Industria e delle Tecnologie avanzate, ha definito: “UAE consensus”, ossia quella capacità di catalizzare consensi e facilitare dialogo e  cooperazione tra Paesi che caratterizza …

COP28, a Dubai si è scritta la storia Leggi tutto »

Industry’s strategy to raising awareness and embracing eco-friendliness The United Arab Emirates has mapped out its ambitious yet much-needed sustainability goals through its comprehensive UAE Net Zero by 2050. And to help advance these objectives, the government acknowledges the pivotal role that the media plays. In this interview, H.E. Mona Al Marri, director general of Government of Dubai Media Office, tells us how the media helps raise sustainability awareness. Moreover, she discusses what “green media” is and how industry players can integrate green practices into their operations. Economy Middle East: How can UAE media effectively raise …

Director general of Government of Dubai Media Office Mona Al Marri on advancing sustainability through the power of ‘green media’ Leggi tutto »

TEMA DI QUESTA EDIZIONE “FRONTIERE ECONOMICHE EMERGENTI: INVESTIRE NEI SETTORI IN RAPIDA CRESCITA DELLA NUOVA ECONOMIA” Investopia, la piattaforma di investimento globale lanciata dal governo degli Emirati Arabi Uniti nel 2021 e approdata in Italia nel maggio 2023 grazie alla partnership con EFG Consulting, società di consulenza strategica per i processi di internazionalizzazione con focus verso i Paesi del Medio Oriente, annuncia la terza edizione del forum ad Abu Dhabi – che si terrà il 28 e 29 febbraio 2024 con il tema “Frontiere economiche emergenti: Investire nei settori in rapida crescita della nuova economia” …

CONFERMATA LA PARTNERSHIP TRA MINISTERO DELL’ECONOMIA DEGLI EMIRATI E ARABI UNITI E EFG CONSULTING: TORNA A MILANO INVESTOPIA, LA DAVOS DEL MEDIO ORIENTE Leggi tutto »

Prime Minister and Ruler of Dubai unveils plans for electric cars, sustainable aviation fuel and the protection of biodiversity at UAE Cabinet meeting The UAE on Sunday set out a green-powered action plan aimed at driving efforts to achieve new environmental goals.Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, set out the sustainability strategy at a meeting of the UAE Cabinet at Expo City Dubai, which is hosting the key Cop28 climate conference.He said 10 initiatives and decisions were approved during the ministerial gathering, including the adoption of a framework for the Biodiversity Strategy 2031. The …

Sheikh Mohammed sets out new UAE sustainability drive Leggi tutto »

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, marked a historic moment by inaugurating the world’s largest concentrated solar power (CSP) project, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Spanning 950 megawatts (MW), this monumental project, with an investment of AED 15.78 billion, integrates three cutting-edge hybrid technologies: 600MW from a parabolic basin complex, 100MW from a CSP tower, and 250MW from photovoltaic solar panels. This landmark initiative, constructed under the independent power producer (IPP) model, …

Largest CSP project in the world inaugurated in Dubai Leggi tutto »

How to thrive in a fractured world Over the next few weeks Dubai will be abuzz. Tens of thousands of diplomats, activists and business folk are due to fly in to join the un’s annual climate pow-wow. The United Arab Emirates’ skill at wrangling countries and industries with vastly disparate interests, in the hope of making further progress on tackling climate change, will be on full display. But that is not the only reason to pay attention to the uae. It also shows how to thrive in the multipolar age. The country is home to just over …

the UAE’S AMBITION ascent Leggi tutto »

Clean energy transition, financing, nature, people and inclusivity are among key themes Sustained climate action to save the planet will be the focus as world leaders gather in Dubai for COP28 starting Thursday. Over the next 12 days, they will join climate experts and industry leaders to reach global agreements and take stock of measures to tackle climate change. The most important will be Global Stock Take to assess the progress since adopting the Paris Agreement of 2015. One of the key points of the deal was the collective action to limit global temperature increase …

What’s on the agenda for COP28 in Dubai? Leggi tutto »

The new ranking makes Dubai the first city in the Middle East to attain this global recognition Dubai has been ranked among the top 10 cities in the Global Power City Index (GPCI) 2023, a league table issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan. The new ranking makes Dubai the first city in the Middle East to attain this global recognition, the Dubai Media Office said in a statement. In the 2023 index, which ranks major cities on to their ‘magnetism’ – or power to attract people, capital and enterprises …

Dubai ranked among the top 10 cities in the Global Power City Index Leggi tutto »

The latest edition will focuses on three main axes: Investopia Global Dialogues, Investopia Investment Communities and Investopia Market Place Abu Dhabi, November 17, 2023:  H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, announced the details of the upcoming edition of the Investopia summit, which will be held in Abu Dhabi on 28and 29 of February, 2024, under the theme “Emerging Economic Frontiers: Investing in Fast-Growing Sectors in the New Economy.” It is set to draw the participation of a number of prominent local and international figures including investors, government officials, …

Third Investopia Summit in Abu Dhabi to kick off in February Leggi tutto »

Emirates, the world’s largest international airline, today announced a massive US$950 million investment to build a new ultra-modern engineering facility at Dubai World Central (DWC). Spread over 1 million square metres, the engineering complex will be the largest and most advanced of its kind to be operated by any airline, adding a boost to Dubai’s world-class aviation infrastructure. Purpose-built to support Emirates’ aircraft fleet and operating requirements into the 2040s, the facility will also be a centre of excellence for commercial aviation engineering services in the Middle East, with spare capacity potentially offered to other …

Emirates to build new $950mn engineering facility Leggi tutto »

Forte di una solida presenza negli Emirati Arabi Uniti, Leonardo partecipa al Dubai Airshow 2023 (13-17 novembre) con le sue competenze core nel campo dell’elettronica e dell’elicotteristica, nei sistemi e nelle soluzioni per l’addestramento e nei servizi di supporto e assistenza, guardando anche al forte interesse del Paese per nuovi settori di sviluppo e innovazione tecnologica quali l’Artificial Intelligence, lo Spazio e la Cyber Security. Leonardo è presente da quasi 50 anni negli Emirati Arabi Uniti, uno dei maggiori mercati export dell’azienda a livello mondiale caratterizzato da un’estesa diversificazione nella tipologia di forniture e collaborazioni, sia in …

Leonardo al Dubai Airshow per rafforzare la partnership con gli EAU Leggi tutto »

The guiding principles include an open economy, a digital push and attracting top talent Abu Dhabi: The UAE Government’s Annual Meetings 2023 concluded today on a high note, after two days of successful discussions in Abu Dhabi, reviewing the most significant developments and amendments of the legislative and judicial sectors in the UAE. The two-day event was chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It witnessed the participation of more than 500 dignitaries, including heads of UAE executive boards, ministers, …

Sheikh Mohammed unveils 10 guiding economic principles for UAE’s decade of progress Leggi tutto »

Sheikh Mohammed has approved the Dubai Government budget of $21.5bn in 2024 Dubai has announced a AED246.6bn ($67.1bn) budget for 2024-2026. In his capacity as Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6bn ($67.1bn). Sheikh Mohammed also approved Law No. (20) of 2023 regarding the General Budget of the Dubai Government for the Fiscal Year 2024, with expenditures estimated at AED79.1bn ($21.5bn). Dubai budget 2024-2026 The spending plan reflects …

Dubai budget: Sheikh Mohammed announces $67bn spending plan Leggi tutto »

A key component in the UAE’s diversified industrial sector, accelerating growth in food and beverage (F&B) manufacturing is critical for both national food security and future economic opportunity, as Olaf Abi Aad, founder and CEO of Agzia explains. By the end of 2023, the UAE’s food and beverage (F&B) sector is projected to achieve revenues totalling an impressive $37.8 billion, according to Saleh Lootah, chairman of the UAE Food and Beverage Manufacturers Group. With the introduction of Operation 300bn, a 10-year strategy driven by the Ministry of Industry and Advanced Technology, manufacturing is set to …

How the UAE is manufacturing F&B opportunity Leggi tutto »

In the face of heightened geopolitical tensions, climate change concerns, and trade barriers that have raised questions about the future of the global economic order, the UAE has demonstrated extraordinary resilience, the Minister said The UAE has showcased resilience and economic diversification amid global challenges, Abdullah Bin Touq Al Marri, the Minister of Economy for the UAE said at the Dubai Business Forum, which took place at Madinat Jumeirah on November 1. Highlighting the remarkable resilience and proactive measures taken by the Emirates to address global challenges during a recent speech, Al Marri also spoke about the …

UAE ‘leading the way’ in sustainable finance globally, Minister of Economy says Leggi tutto »