Artists, storytellers, filmmakers, fashion, graphic and product designers, and entrepreneurs all benefit from Dubai’s role as a global creative hub
economic diversification
economic diversification
Ras Al Khaimah announces new plan to grow foreign trade
The federal export company will appoint a dedicated trade credit insurance expert in RAK to meet RAKEZ members’ export solutions needs
Aramco
Honeywell, Aramco announce joint venture for intelligence operations software solution
New joint venture is set to deliver end-to-end digitalisation for industrial companies
economic diversification
Saudi Arabia has the potential to emerge as a major mining sector player globally: Ivanhoe Mines exec
Friedland, a mining sector expert, singled out the huge copper deposits in Saudi Arabia, which can propel the country to an envious spot globally, considering the high demand expected for this mineral in the future
business environment
Moody’s predict Saudi economy to grow at 3.9 percent in the next 4 years
The credit rating agency said Saudi government’s ongoing structural economic, legal and social reforms to improve business environment in the country will begin to bear fruit by way of higher private sector investment growth
doing business in dubai
Major visa reforms, easing foreign firm entry pay off as Dubai retains top spot for tourism FDI
The UAE emirate generated $1.7 billion across 30 FDI projects, according to The Financial Times’ FDI Markets, making it number one in FDI capital, projects, and job creation
clean energy
The real metric of economic diversification shows how far the UAE has come
The decrease in the breakeven external oil price paints a very strong economic picture for the UAE
Abu Dhabi
‘Make it in the Emirates’ forum sees 32 deals worth $29.95 billion in big boost for local manufacturing
Twenty four leading companies – both national and overseas – participated in the forum
Abu Dhabi
‘Make it in the Emirates’ forum examines UAE’s potential to become a global industrial hub
The forum discussed various opportunities in technology, hydrogen, petrochemicals and renewable energy, which have supported the UAE’s rise as a global hub for clean energy
Abu Dhabi Exports Office
Abu Dhabi’s ADEX inks financing deal with Capital Bank of Jordan to boost UAE exports
As part of the deal, a credit line of approximately $20 million will be opened to enhance UAE exports and boost the economies of the two countries
acquisitions
Saudi PIF’s Nintendo stake to further kingdom’s economic diversification
The PIF’s 5.01 percent stake in the Japanese gaming company is an indication that the industry is being taken seriously by the kingdom, and could pave way to localised content, experts said
Abu Dhabi
Abu Dhabi Securities Exchange and Bahrain Bourse talk over strategic partnership plans
The two stock exchanges met this week about achieving greater cross-border cooperation
Corporate tax UAE
Dubai’s Deputy Ruler says tax systems to be upgraded in “sweeping developments” as compliance grows
The UAE’s Federal Tax Authority reported a 2.42 percent increase in the number of VAT registrants to 367,157 in the first quarter of 2022, compared to 358,468 in 2021
Ahmed Mohamed Al Naqbi
Emirates Development Bank adds $520 million UAE’s GDP growth, finances 1,350 SMEs across priority sectors
The Emirates Development Bank’s launch of a new credit guarantee platform was able to mobilise more than $90.38 million (AED332 million) of capital to SMEs
Abdulla Mohamed Butti Al Hamed
Abu Dhabi welcomes launch of new global investment holding company
The firm aims to redefine sustainable growth for stakeholders and facilitate innovation-driven networks locally, regionally, and globally
economic diversification
Saudi Arabia to be key driver of global trade growth with exports expected to surpass $354bn by 2030
Saudi Arabia is reducing its dependence on the petroleum sector and pushing for industry diversification to boost economic growth and attract foreign investments. The metals & minerals, plastic & rubbers, and chemicals & pharmaceuticals sectors are expected to dominate exports
economic diversification
Looking at 2030 and beyond for Saudi’s vision
From nationalisation to giga-projects and tourism, Saudi Arabia is on the right path to achieve its targets