RAKEZ presents benefit of investing in UAE industrial zones

• Make it in the Emirates Forum brings together investors, prominent stakeholders to discuss the role of industrial zones in driving economic progress.
• The forum aimed to position the UAE as a preferred hub for emerging industries on a global scale and promote local production by attracting investors.

Dubai tourist visa: 10-day overstay grace period abolished

• Previously, individuals who overstayed their visas were allowed an additional 10 days in Dubai before facing penalties
• This means it is crucial for visitors to ensure their visas are valid and to apply for an extension if necessary to avoid penalties

Jordanian-Saudi royal wedding marks historic union

• The couple exchanged their vows in a traditional Muslim wedding ceremony called "katb al-ketab" in an open-air gazebo adorned with flowers
• The bride, adorned in an exquisite white dress designed by Lebanese designer Elie Saab, arrived at Zahran Palace in a 1968 Rolls-Royce Phantom V

8 new industrial  projects announced at Abu Dhabi’s ‘Make it in the Emirates’ event

• Abu Dhabi’s Industrial Strategy aims to double the sector’s GDP contribution by 2031, leveraging strong enablers such as infrastructure and competitive operational costs,
• The Abu Dhabi Investment Office and its partners signed MoU with high-growth companies covering key areas, including manufacturing, banking, oil & gas and healthcare

Dubai approves Palm Jebel Ali masterplan, twice the size of Palm Jumeirah

• Spanning an area of 13.4sq and occupying an area twice the size of Palm Jumeirah, Palm Jebel Ali will feature green spaces and unique waterfront experience
• Palm Jebel Ali will feature over 80 hotels and resorts, and a wide choice of entertainment and leisure facilities that will contribute to Dubai’s tourism sector

UAE and Switzerland to enhance cooperation between judiciaries

• The two sides highlighted the significance of direct communication between the judicial authorities to simplify procedures.
• They also shed light on the importance of concluding judicial agreements and exchanging relevant experiences.

Saudi Arabia’s SME sector grows by 4.8% in Q1 2023

• Riyadh, the capital city of Saudi Arabia, is playing a crucial role in fostering a business-friendly environment and is home to over 41% of the country's SMEs
• One of the significant contributors to the growth of SMEs in Saudi Arabia was the Biban 23 forum, a global entrepreneurship event held in Riyadh in March

UAE space sector localization: Strata Manufacturing delivers MBZ-SAT Satellite components

• Strata Manufacturing will play a vital role by supplying locally built components for MBZ-SAT, the region's high-accuracy, high-resolution imaging satellite
• The satellite will be equipped with premium-grade aluminium honeycomb panels, ensuring resilience against extreme temperatures and radiation.

One in five people willing to work are jobless in low-income countries

Flat6Labs invests $10.2m in Abu Dhabi start-ups

• The program, in partnership with DisruptAD, the venture platform of ADQ, provides coaching, mentoring, and training to selected start-ups
• Over the past two years, the program has invested in 38 promising start-ups, with the majority (68 percent) based in the UAE