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 …

Dubai is world’s number one destination in 2023 says Tripadvisor Leggi tutto »

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 »

The winter months are expected to further boost tourist numbers Dubai: The UAE’s tourism revenues surpassed $5 billion in the first half of this year, with a strong performance expected this winter when neighbouring Qatar hosts the FIFA World Cup. “Our tourism sector’s revenues surpassed Dh19 billion in the first half of 2022. The total number of hotel guests reached 12 million, achieving 42 per cent growth, and we expect a strong tourism performance in this winter season,” His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and …

Tourism revenue in UAE tops $5 billion in the first half of 2022 Leggi tutto »

The rate of job creation in August was the quickest since 2022 Business activity in Dubai’s non-oil private sector economy climbed to a 38-month high as demand growth strengthened and input costs fell at record pace. The emirate’s headline seasonally adjusted S&P Global purchasing managers’ index rose to 57.9 in August, from 56.4 in July, its highest reading since June 2019. A reading above the neutral 50 level indicates economic expansion while one below points to a contraction. The reading indicated a marked improvement in non-oil operating conditions, and was above the long-run series average …

Dubai’s non-oil economy hits 38-month high as demand growth strengthens Leggi tutto »

Urban Tech District plans to create facilities for conferences and business incubation Dubai: A tech industry focussed ‘district’ is to be built in Dubai in Al Jaddaf. The Urban Tech District comes with the promise of creating 4,000 jobs in ‘green urban tech, education and training’. “Dubai is best positioned to lead the Urban Tech transformation than any other city in the world,” said Baharash Bagherian CEO of URB, the builder behind the project. “With a total of 140,000 square metres of built-up area, it will be the world’s largest urban tech district. Thus making …

Dubai’s ‘Urban Tech District’ unveiled, promises 4,000 jobs Leggi tutto »

Gli Emirati diventano porta di accesso per altri Paesi alternativi al mercato russo «Faccio questo lavoro da molti anni, eppure non mai ricevuto così tanti solleciti e richieste di informazioni da parte di imprenditori che vogliono esportare negli Emirati Arabi Uniti come negli ultimi mesi».Giovanni Bozzetti – presidente diEFG Consulting, società di consulenza per l’internazionalizzazione negli Emirati e referente unico della Camera di commercio e industria diDubai in Italia – non è sorpreso dagli ultimi dati sulle esportazioni di made in Italy verso questo mercato.Dopo un 2021 che già aveva segnato un forte recupero sul …

Export verso Dubai in crescita del 19,7%, balzo a 2,3 miliardi Leggi tutto »

WGES attracts annually local and international VIPs, including presidents and government leaders, in addition to a large number of speakers, officials, representatives of government organisations, media professionals, experts, and academics ECONOMY Dubai, UAE: The 8th World Green Economy Summit (WGES) discusses green urbanism, and the importance of designing cities to be smarter and more sustainable in dealing with climate change. It also addressed the importance of promoting the resilience and competitiveness of cities to enhance their capacity in dealing with climate risks and advance the quality, welfare, and happiness of individuals. WGES 2022 is held under …

WGES highlights the importance of a green urban environment to ensure happiness & welfare of citizens Leggi tutto »