Dubai receives 14.36 million international visitors in 2022 .. Exceptional growth in visitation enables city to surpass global and regional tourism recovery levels Hamdan bin Mohammed: Dubai’s ability to rapidly accelerate tourism growth has marked it out as a clear frontrunner in the international industry – “The tourism and travel sector contributes significantly to the leadership’s aim of making the emirate a model for excellence in the global economy”– Guided by its visionary leadership, Dubai consolidates its status as the world’s most popular destination, with 97 per cent YoY increase in visitation– Tourist travel to Dubai …

Dubai receives 14.36 million international visitors in 2022 Leggi tutto »

Sheikh Mohamed says crucial work with continue at COP28 event this year Abu Dhabi: On the occasion of the 26th UAE National Environment Day today, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has affirmed the country’s commitment to sustainability by deploying innovative methods. On his Twitter account, Sheikh Mohamed said: “As the UAE marks National Environment Day, we remain committed to advancing innovative solutions to benefit current and future generations. This crucial work will continue at COP28, as we invite the world to come together in pursuit of a more sustainable future.” Earlier, …

National Environment Day: UAE President affirms advancing innovative solutions in sustainability Leggi tutto »

Forum to feature a variety of panel discussions and networking opportunities to attendees Sharjah: The sixth edition of the Sharjah Investment Forum (SIF), organised by the Sharjah FDI Office, is set to take place on February 8 and 9 at the Jawaher Reception and Convention Centre in Sharjah. The annual event will bring together local and international officials, thought leaders, and economic experts to discuss the future of the economy and devise solutions to empower investors to advance economic realities. The theme of this year’s forum is “Redefining economies: making significant strides for a better …

Sharjah Investment Forum 2023: Over 50 international speakers to convene to discuss the future of the economy Leggi tutto »

Foreign investors are being attracted to the UAE on the back of new visa options and the simplicity of doing business The UAE looks set to attract more foreign investment this year as the government has introduced various measures for ease of doing business to facilitate global investors to relocate their businesses into the country. Rising inquiries about new visa options offered by the government to set up a business in the UAE indicate that the emirates will attract more high net worth individuals and millionaires this year, according to a business consultancy. Business Link, …

UAE visa reform and ease of business attracting investors: report Leggi tutto »

Abu Dhabi will host the second Investopia annual conference on 1 – 2 March 2023, under the theme ‘envisioning opportunities in times of change’, in collaboration with Abu Dhabi Department of Economic Development (ADDED). Investopia 2023 date has been announced by H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, during a business session organised by Investopia and ADDED in Abu Dhabi, attended by Investopia partners, senior officials, and CEOs from public and private sectors. Investopia 2023 will discuss the shifts in the global investments amid developments that have created new economic concepts related …

Abu Dhabi to Host 2nd Investopia Annual Conference in 2023 Leggi tutto »

The country launches index in Davos to help business leaders and policymakers find opportunities to boost economic growth The UAE delegation at the ongoing World Economic Forum in Davos, Switzerland, includes a number of officials and ministers of the Federal Government and local governments, in addition to businessmen and economic figures from the private sector. During the first day of the annual meeting, Ahmed Belhoul Al Falasi, Minister of Education, participated in a session titled Meeting of the Reskilling Revolution Champions, where he discussed the influence of the technological changes, the COVID-19 pandemic and the green …

UAE discusses challenges and future opportunities at Davos Leggi tutto »

Dubai takes the top spot in annual Tripadvisor awards Dubai has been named as the most popular destination in the world in the Tripadvisor Travellers’ Choice Awards. Dubai has held onto the top spot in Tripadvisors’ flagship category, Popular Destinations, to be crowned most popular destination in the world for a second year running. Bali, Indonesia and London, England took the second and third spots in the internationally recognised and coveted Tripadvisor travel awards. Dubai tops Tripadvisor list Summarising Dubai, Tripadvisor said: “A favourite with celebs and influencers, the ‘City of Gold’ continues to attract …

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UAE entities may start having to comply with bare minimum ESG standards Dubai: UAE businesses could soon have some ESG (Environmental Social Governance) benchmarks to comply with. Rather than leave it to businesses to decide how to make their contribution to sustainability, a set of unified benchmarks will make it easier for them to follow – and help with the UAE’s own path to Net Zero on carbon emissions by 2050, according to a top official at DIFC. “Globally, there are about 1,100 ESG-related standards,” said Christian Kunz, Head of Group Strategy and Innovation at …

UAE may soon roll out ESG standards for all businesses to comply with Leggi tutto »

The emirate will be fastest growing economy in the Gulf region this year World Bank has revised upward the UAE’s growth forecast for 2022 and 2023 by 1.2 per cent and 0.7 per cent, respectively, from its previous forecast. According to the World Bank’s latest Global Economic Prospects report, the UAE GDP is estimated to expand by 5.9 per cent in 2022 and 4.1 per cent this year on the back of the expansion of the non-oil sector. Data showed all the Gulf Cooperation Council (GCC) economies to see slower growth this year with UAE …

World Bank hikes UAE’s growth forecast for 2022, 2023 Leggi tutto »

The Sharjah Foreign Direct Investment (FDI) Office (Invest in Sharjah) has revealed the agenda for the 6th edition of the Sharjah Investment Forum (SIF 2023), to be held at Al Jawaher Reception and Convention Centre on February 8 and 9. The event will bring together a host of local and global decision makers, senior government officials, CEOs, investors and business leaders, who will participate in a number of enlightening panel discussions and interactive workshops, giving all who attend a prime opportunity to network and connect. SIF is a leading annual event and the first major …

SIF provides strategies for investors, businesses and government to prosper from the growing economy Leggi tutto »

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him, launched the Dubai Economic Agenda for the next ten years, “D33”, with the aim of doubling the size of Dubai’s economy during the next decade and for it to be among the top 3 economic cities in the world. His Highness said on Twitter: “Brothers and sisters… pursuant to our annual habit on the fourth of January by launching projects and programs that change our reality for the better… Today we …

Mohammed Bin Rashid Launches The Dubai Economic Agenda For The Next Ten Years “D33” Leggi tutto »

Inflation set to slow, as oil and food prices moderate The UAE economy is projected to grow by 7.6% this year, driven by both oil and non-oil sectors, the country’s central bank estimates. This compares with the mid-year forecast of 5.4% for 2022.  For 2023, overall real gross domestic product (GDP) is projected to grow by 3.9%, the Central Bank of the UAE (CBUAE) said in its latest quarterly economic review on Tuesday.  “There are increased chances for growth being stronger in 2022 due to mainly better-than-expected performance in some of the non-oil sectors such …

UAE economy set to grow 7.6% this year, says central bank Leggi tutto »

These Gulf economies have their priorities geared towards the right targets Major Gulf economies such as Saudi Arabia and UAE have embarked on programmes to transform their nations into diversified, resilient, knowledge-based economies. Flagship strategies such as Saudi Arabia’s Vision 2030 and the UAE’s Centennial 2071 are helping to shape policies, provide a vision and framework for transition and offer incredible opportunities for growth and investment in the region. Currently, hydrocarbons account for 68 per cent of total revenue in Saudi Arabia and 36 per cent in the UAE. However, the crash of oil prices …

Whether on IPO or AI, UAE and Saudi Arabia are heading for another year of intense change Leggi tutto »

New Italian Ambassador to the UAE says smooth and efficient visa process set to promote tourism in post Covid era The UAE and Italy will continue to explore opportunities to boost bilateral trade and investment in key economic sectors such as construction, tourism, renewable energy, oil and gas, says a top diplomat. In an interview with Khaleej Times on the sidelines of Big 5 exhibition, the new Ambassador said he will ensure a smooth and efficient visa process to promote tourism in the country. Fanara, who took charge of his office in Abu Dhabi in October, said …

Italy sets sights on strong trade and investment relations with UAE Leggi tutto »

UAE sets national vision for the next decade as it plans $816bn GDP and $123bn tourism sector Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has outlined the nation’s national plan for the next 10 years. Under the banner of the “We The UAE 2031” plan the country has a clear road map for social, economic and investment in the next decade. The national plan is an integrated programme shaping the future of the country within the next ten years with a focus on social, economic, investment …

We the UAE 2031: Sheikh Mohammed reveals national plan to double GDP and deliver top 10 healthcare Leggi tutto »

UAE will see its economy grow by more than 6% this year says the IMF UAE economy to grow more than 6% in 2022, IMF says.The UAE economy will grow by more than 6% this year, says the IMF.Driven by a strong rebound in the tourism sector, construction and higher oil prices it was a notable improvement on the 3.8% improvement the year before.Dubai World Expo activity was also highlighted as a strong performer in 2022. Robust growth in UAE The IMF’s Ali Al-Eyd, who met with UAE authorities to discuss the strong economic growth, …

UAE economy will grow more than 6% this year says IMF Leggi tutto »

Uno sguardo alla fiera di design leader del Medio Oriente che, più delle altre, permette un incontro di culture e creatività sul tema design Alla candida tensostruttura che accoglie Downtown Design, il centro che accoglie l’evento Dubai Design Week 2022, si arriva attraversando un grande slargo e uno dei tanti, vastissimi, viali, subito fuori dal Dubai Design District (d3). Il primo consiglio, quindi, è approfittare di una delle numerose macchinette elettriche (gratuite) che fanno la spola da una parte all’altra, per evitare di cominciare la visita alla fiera già accaldati. Sì, perché anche all’inizio di novembre – la Dubai Design Week 2022 ha …

Il meglio della Dubai Design Week 2022 Leggi tutto »

Japanese lunar exploration company ispace founder, Takeshi Hakamada announced the launch date on Thursday in Tokyo The UAE is set to launch its first Emirati mission to the Moon on November 28 at 12.46 PM GST (9.46 AM UTC), depending on weather conditions. UAE’s Rashid Rover will be delivered by Japanese lunar exploration company ispace via its Hakuto-R Mission 1 lander. The company is also the first to carry our a commercial cargo mission to the Moon. The mission is set for lift off on a SpaceX Falcon 9 rocket from the Space Launch Complex 40 launch site located at …

UAE announces Rashid Rover to land on the Moon Leggi tutto »

UAE tourism strategy will see sector contribute $122bn to economy in 2031 Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai has launched a National Tourism Strategy in the UAE. The strategy is aimed at adding a further $27bn of investment to the tourism sector in the country and attracting 40m hotel guests to the country in 2031. Sheikh Mohammed made the announcement on Twitter. UAE tourism ‘a vital sector’ “The UAE, today, is among the top ten tourist destinations in the world, and our ultimate goal is to accelerate our competitiveness by attracting …

Sheikh Mohammed launches $27bn UAE tourism strategy, eyes 40m hotel guests by 2031 Leggi tutto »

A state-of-the-art ‘green’ destination that hosted the world for six months, Expo City Dubai  is the proud host of COP28 – The Emirates Climate Conference with the UNFCCC, sharing the global summit’s objectives of achieving sustainability and enabling action towards climate security.  The City carries the sustainability legacy of Expo 2020 Dubai, with a commitment to engaging and elevating the voices of youth in the journey to a sustainable future. Marking the one-year countdown to COP28, Expo City Dubai kicks off a diverse and engaging calendar of sustainability-themed events, featuring thought-provoking youth discussions, performances, exhibitions and more.  …

EXPO CITY DUBAI IS PROUD HOST OF COP28 Leggi tutto »

With the likes of NEOM, Dubai’s Expo City, and Egypt’s New Administrative Capital, the MENA region is seeing a surge in smart city developments. An increasingly popular trend in the MENA region’s real estate industry is the rise of smart cities. Well-thought-out smart cities are being utilized not only as environmentally friendly and cost-effective development solutions. But they are also introducing a significantly more sustainable approach to transform cities for the better. DRIVING FORCE BEHIND SMART CITY DEVELOPMENTS The development of smart cities within the MENA region is largely driven by the national-scale sustainable development …

How smart cities are transforming MENA real estate Leggi tutto »

The new initiative, in line with the nation’s aim to be a global industrial centre by 2031, is poised to ensure the technological transformation of the industrial sector The UAE has launched a new national programme, as part of its efforts to accelerate technological transformation in the industrial and production sector. The programme falls in line with the nation’s aim to place the Emirates as a global industrial centre by 2031. The new project will ensure the development of 1,000 technological projects, UAE Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid wrote on Twitter on Wednesday. The programme …

UAE launches tech programme, $4.1bn Emirati products to be exported annually Leggi tutto »

The index is published by WIPO in partnership with the Portulans Institute to track the current state of innovation globally The UAE climbed two spots to reach the 31 rank globally on the Global Innovation Index (GII) 2022. It has also retained the top rank among Arab countries on the innovation index, published by the World Intellectual Property Organisation (WIPO) annually. The country was ranked 33 on the index in 2021. According to WIPO, the UAE ranked 18th globally on the GII’s innovation input sub-index this year, five ranks higher than 2021. The sub-index categorises a …

UAE retains top rank among Arab countries on global innovation index 2022 Leggi tutto »

Dubai spectacularly closed its doors after six months of welcoming the world to the international event, a first for an Arab country. Unlike a number of previous World Expo sites, the spirit and legacy will continue to live on, as the former exhibition area transitions into a city of the future. Expo City Dubai What exactly is Expo City Dubai? Chief Development and Delivery Officer, Ahmed Al Khatib explains the concept, “It’s a combination of education, entertainment, a new way of working, work experience, and just not to mention like the amount of demand on …

Expo City Dubai: UAE’s first 15-minute city & a smart city for the future Leggi tutto »

The Dubai Carbon Abatement Strategy 2030 aims to reduce 30 percent of carbon emissions by the end of 2030 Dubai has reduced its carbon emissions by 21 percent in 2021, the Dubai Supreme Council of Energy said on Monday. Increasing share of solar energy in the emirate’s power mix, as well has enhancing operational efficiencies in factories and other industrial facilities, contributed greatly to the reduction, the council said. “The development and implementation of the existing programmes and projects had a positive and tangible impact, reflected in the carbon emission reduction rates over the past …

Dubai reduced carbon emissions by 21 percent in 2021 Leggi tutto »