DUBAI, July 5 (Reuters) – Foreign direct investment (FDI) flows into the United Arab Emirates rose 10% in 2022 from the previous year to a record $23 billion, the United Nations trade body said in a report on Wednesday. Globally, FDI fell 12% in the year, the United Nations Conference on Trade and Development (UNCTAD) report said in its World Investment Report 2023. The UAE, the Arab world’s second-biggest economy, attracted around 60% of total FDI into the six-member Gulf Cooperation Council (GCC) bloc, which more than doubled to $37 billion, UNCTAD said. FDI flows …

UAE attracts record $23 billion in foreign investment in 2022, UN report says Leggi tutto »

Ministry to ensure UAE remains an active investment hub in the region Abu Dhabi: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday approved the establishment of a Ministry of Investment at a Cabinet meeting. Mohammed Hasan Al Suwaidi was appointed as the Minister of Investment, Sheikh Mohammed said. “The ministry has been established with an aim to develop the UAE’s investment vision, stimulate the investment environment and enhance the competitiveness of legislation to ensure the UAE remains a global investment hub and …

Ministry of Investment formed in UAE, Mohammed Hasan Al Suwaidi named minister Leggi tutto »

Dopo la performance sostenuta lo scorso anno (+20%), il valore dell’export italiano di beni proseguirà con una vivace dinamica anche quest’anno: nel 2023 le vendite oltre confine supereranno i 660 miliardi di euro grazie a una crescita attesa del 6,8%, per proseguire a un ritmo del 4,6% nel 2024 e del 3,8% medio annuo nel biennio successivo. Previsioni positive anche per l’export di servizi (+7%), sulla scia dell’ottima dinamica riportata nel 2022 grazie in particolare all’allentamento delle restrizioni che continua a favorire la piena ripresa del settore turistico e dei connessi servizi di trasporto. L’andamento …

Crescita sopra la media storica per l’Export ITALIANO Leggi tutto »

La relazione commerciale tra l’Italia e gli Emirati Arabi Uniti (EAU) continua a prosperare (+7,6 per cento di PIL nel 2022), trainata da un’economia in rapida crescita e da un mercato fiorente per i prodotti e i servizi italiani. Secondo gli ultimi dati ISTAT sull’interscambio tra Italia ed Emirati Arabi Uniti nel 2022, il commercio bilaterale ha raggiunto un traguardo significativo, ammontando a 8 miliardi di euro, con una crescita del 19% rispetto al 2021. L’aspetto più rilevante di questa relazione commerciale è il successo delle esportazioni italiane, che hanno raggiunto il record storico di …

Le esportazioni italiane negli Emirati Arabi Uniti raggiungono un nuovo record Leggi tutto »

Crown Prince: Forward planning and preparation are key elements of the sustainable development strategy adopted by Mohammed bin Rashid His Highness Sheikh Hamdan bin Mohammed emphasised the significance of forward planning and preparation, which are key elements of the sustainable development strategy adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. This approach has been a key driver of Dubai’s rise as a leading global city as well as its ability to set new standards in future readiness and create an integrated …

Hamdan bin Mohammed approves new strategic projects to enhance Dubai’s competitiveness and future-readiness Leggi tutto »

The UAE’s exceptional economic performance has positioned it fourth on a global scale Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, took to Twitter to announce that the UAE has secured a spot among the top 10 most competitive countries globally. The UAE claimed the leading position in the world for indicators such as global trade, city management, energy infrastructure, government adaptability, and the absence of bureaucracy, as revealed in the annual IMD World Competitiveness Yearbook released by the World Competitiveness Centre in …

UAE ranks among top 10 most competitive countries globally Leggi tutto »

Antonio Tajani says countries share many of the same regional concerns The UAE is a crucial partner in ensuring stability in the Mediterranean Sea, says Italian Deputy Prime Minister Antonio Tajani. Speaking to The National in Abu Dhabi on Sunday, Mr Tajani said co-operation between the two countries was “very positive”. The UAE and Italy share many concerns on “regional instabilities”, he said. Mr Tajani, also the country’s Foreign Minister, said Italy and the UAE were “firmly committed” to promoting a “global approach to migration, fighting against irregular flows and human trafficking”. “We share the same concerns on main regional …

UAE a vital partner for Mediterranean stability, says Italian Deputy Prime Minister Leggi tutto »

Al Jaber also announced more than 30 industrial projects worth over Dh6 billion Abu Dhabi: The UAE has unveiled a new plan to strengthen its industrial sector by announcing an additional Dh10 billion in offtake agreements. This move builds upon the previous Dh110 billion worth of procurement opportunities and brings the total value of products targeted for localization to Dh120 billion. Dr. Sultan bin Ahmed Al Jaber, the Minister of Industry and Advanced Technology, highlighted the achievements of the previous year’s forum, where national companies committed to investing Dh110 billion over the next decade to …

Make it in the Emirates Forum: UAE announces Dh10 billion in new offtake agreements Leggi tutto »

Vice President and Ruler of Dubai hails scheme as key to emirate’s grand vision for the future Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, on Wednesday approved a new master plan for Palm Jebel Ali – a luxury lifestyle mega project that will occupy an area twice the size of Palm Jumeirah. The long-planned tourist attraction – spearheaded by leading developer Nakheel – will include 80 hotels and resorts, green spaces and other leisure and retail amenities spanning 13.4 square kilometres. The project will add about 110km of coastline to Dubai, offering beachside …

Sheikh Mohammed approves master plan for Palm Jebel Ali mega project Leggi tutto »

Sector’s contribution to GDP set to cross Dh180 billion by year-end Abu Dhabi: The travel and tourism sector’s contribution to the UAE’s gross domestic product grew 60.2 per cent in 2022 to nearly Dh167 billion, it was revealed on Tuesday, and is set to reach Dh180.6 billion by the end of 2023, an 8.3 per cent growth over the previous year. An Economic Integration Committee meeting, chaired by Abdulla bin Touq Al Marri, Minister of Economy, and attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, discussed a range of …

Travel and tourism sector adds Dh167 billion to UAE economy in 2022 Leggi tutto »

Emirates Investment Authority also restructured during Cabinet meeting Abu Dhabi: The UAE has approved 78 eco-friendly projects and initiatives in preparation for COP28, which will take place at Expo City Dubai in November. These include national strategies to reduce carbon footprint and regulate the use of solar power products, as well as sustainable tourism, among others. The initiatives were approved at a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday. During the meeting, the Vice-President also approved the restructuring …

UAE Cabinet approves 78 eco-friendly initiatives for COP28 Leggi tutto »

Report forecasts country’s GDP growth this year at 3% Fast-paced diversification efforts and development projects underway in the UAE play a vital role in strengthening the economy by reducing the nation’s vulnerability to external shocks, a UK-based consultancy firm said on Tuesday. Despite key challenges posed by a decline in oil output resulting from Opec-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, the country’s real GDP will still expand at 3.0 per cent in 2023, GlobalData said in its Macroeconomic Outlook Report: UAE. “To make …

Fast-paced diversification lowers UAE’s risk to external shocks Leggi tutto »

 BOZZETTI “L’ITALIA È PORTA D’INGRESSO PRIVILEGIATA PER L’EUROPA”  MINISTRO EAU AL MARRI: “IN ITALIA PER FAVORIRE DIALOGO E APERTURE A NUOVE ECONOMIE”  VICEMINISTRO EAU SALEH: “INVESTIRE IN ITALIA, ECONOMIA CREATIVA E PRODUTTIVA”   MINISTRO GIORGETTI: “IMPRESE ITALIANE RESILIENTI. LARGA PARTE DELL’AUMENTO DEL PIL LEGATA ALL’EXPORT”  – Grande successo per la prima edizione di Investopia Europe, organizzata a Milano da EFG Consulting, società esperta di internazionalizzazione delle imprese verso il Medio Oriente, unitamente al Ministero dell’Economia degli Emirati Arabi Uniti, che ha visto la partecipazione di 350 eccellenze italiane nel settore economico, finanziario ed imprenditoriale. Ad aprire …

INVESTOPIA EUROPE, 19 MAGGIO 2023. Leggi tutto »

APRIRANNO I LAVORI IL MINISTRO DELL’ECONOMIA UAE BIN TOUQ AL MARRI, IL MINISTRO SANTANCHE’, IL PRESIDENTE DI REGIONE LOMBARDIA FONTANA E IL SEGRETARIO DEL DICASTERO PER LO SVILUPPO UMANO INTEGRATO – VATICANO SUOR ALESSANDRA SMERILLI IN VIDEO COLLEGAMENTO IL MINISTRO DELL’ECONOMIA E DELLE FINANZE GIORGETTI E IL VICE MINISTRO AFFARI ESTERI CIRIELLI  Tra i relatori: Alessandro Spada, Presidente Assolombarda; Matteo Lunelli, Presidente Altagamma; Matteo Zoppas, Presidente ITA; Alfonso Dolce, AD Dolce & Gabbana; Antonio De Matteis, Presidente Pitti Immagine; Sergio Dompè, Presidente Dompè Farmaceutici; Guido Roberto Grassi Damiani, Presidente Damiani; Maurizio Dallocchio professore di Corporate Finance …

PRONTO IL PROGRAMMA DELLA “DAVOS DEL MIDDLE EAST” CHE SI TERRA’ A MILANO IL 19 MAGGIO Leggi tutto »

Investopia Europe, 19 maggio 2023 Investopia Europe, l’evento satellite della piattaforma di investimento nata negli Emirati Arabi, si terrà il 19 maggio 2023 a Milano presso l’Hotel Principe di Savoia. Investopia è una piattaforma globale dedicata al mondo degli investimenti lanciata durante EXPO DUBAI 2020 con lo scopo di facilitare collaborazioni internazionali tra investitori, allocatori di capitali, imprenditori, governi e leader aziendali per creare opportunità di investimento e di business. Investopia, che rappresenta la “Davos del Medio Oriente”, arriva nella capitale italiana del business con l’obiettivo di promuovere investimenti globali, generare crescita, accelerare l’innovazione e …

INVESTOPIA EUROPE: ARRIVA A MILANO LA “DAVOS DEL MEDIO ORIENTE” Leggi tutto »

Emirates’ commitment is the largest of its kind by any airline on sustainability Dubai’s Emirates, which is the world’s largest international airline, announced Thursday of its commitment of $200 million to fund research and development (R&D) projects focused on reducing the impact of fossil fuels in commercial aviation.  Emirates’ commitment is the largest commitment by any airline on sustainability, and funds will be spent over a period of three years. The airline will also partner with leading organisations focused on advanced fuel solutions and energy technologies. “It’s clear that with the current pathways available to airlines in …

Dubai’s Emirates announces $200mn plan to fight climate change Leggi tutto »

HE Al Suwaidi stressed the need for more investment in sectors such as renewable energy and climate technology. The “Make it in the Emirates” program continues to build momentum, attracting interest from around the world and driving the growth of national industries. In 2022, the industrial sector contributed over AED 180 billion to GDP, with industrial exports reaching AED 174 billion. His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry & Advanced Technology (MoIAT) called for participation from global investors during the recent global Annual Investment Meeting (AIM) 2023 in Abu Dhabi. HE …

MoIAT invites global investment in key sectors ahead of the second “Make it in the Emirates” forum Leggi tutto »

E’ stato sottoscritto da EFG CONSULTING e UAE INTERNATIONAL INVESTORS COUNCIL (UAE IIC) Bozzetti: “Le aziende emiratine vogliono investire in nuovi mercati dinamici e all’avanguardia. Per l’Italia un’opportunità unica” Milano, 12 aprile – sottoscritto a Dubai un accordo strategico dall’italiana  EFG Consulting e UAE International Investors Council (UAE IIC) avente l’obiettivo di facilitare quest’ultima realtà a meglio conoscere i diversi modelli di investimento nel mercato europeo. EFG Consulting, forte della profonda conoscenza della cultura e dell’economia emiratine, oltre che delle dinamiche del mercato locale, grazie agli oltre 15 anni di attività sul territorio, rappresenta il …

EMIRATI ARABI: NUOVO ACCORDO STRATEGICO PER GLI INVESTIMENTI IN EUROPA Leggi tutto »

A Milano il primo evento satellite in Europa della piattaforma d’investimento Emiratina Con la partecipazione del Ministro dell’Economia degli Emirati Arabi Uniti Abdulla Bin Touq Al Marri. Tra i relatori: Matteo Lunelli, presidente Altagamma, Sergio Dompè, Presidente Esecutivo Dompè Farmaceutici, Alessandro Spada, Presidente Assolombarda e Maurizio Dallocchio, professore di Corporate Finance presso SDA Bocconi Milano, 4 aprile 2023 – A poco più di un mese dall’avvio di Investopia Europe, il primo evento satellite fuori dai confini emiratini della piattaforma d’investimento nata negli Emirati Arabi, che si svolgerà in Europa, a Milano il prossimo 19 maggio, …

INVESTOPIA EUROPE: PRESENTATE LE TAVOLE TEMATICHE DELLA “DAVOS DEL MEDIO ORIENTE” Leggi tutto »

Discover Investopia Europe in Milan, Italy, organized by the Ministry of Economy of the United Arab Emirates in partnership with EFG Consulting – Uniting visionaries for tomorrow’s global investments! About Investopia Europe In the  2nd edition, held on the 2nd and 3rd of March, 2023, Investopia welcomed over 2,500 participants from approximately 60 countries. The event featured more than 300 C-suite executives, 180 founders and co-founders, and financial institutions representing over $500 billion in assets under management, all converging in a future-focused business environment. Alongside the main events, Investopia’s Global Talks series has taken place …

Investopia Europe: Uniting Visionaries for Tomorrow’s Investments Leggi tutto »

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 Leggi tutto »

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 Leggi tutto »

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 Leggi tutto »

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 Leggi tutto »

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 Leggi tutto »