Abu Dhabi targets 39.3 million visitors by 2030
Emirate's new tourism strategy aims to increase the sector’s contribution to GDP from $13.34 billion in 2023 to $24 billion...Economy
Middle East economy firm despite challenges
Non-oil growth to stay robust, bolstered by a strong non-oil GDP growth in the region's two biggest economies, UAE and...Economy
After win, Erdogan faces tough task of uniting a polarized Turkey
Turkey's longest-serving leader surmounted a powerful opposition coalition, an economic crisis and anger following a devastating February earthquake to beat...Turkish president called on Turks to "come together in unity and solidarity", while Kilicdaroglu vowed to "continue the struggle" against the president and his AKP party
Erdogan's inauguration ceremony, the nomination of a new cabinet and the sitting of the new parliament will follow the confirmation of the final election results this week
World needs tangible climate solutions: Al Mubarak
More than 1,000 private sector executives and members of the Dubai Chamber had joined the path towards reducing global emissions...Over 1,000 private sector executives and Dubai Chamber members commit to halving global emissions by 2030, aiming for zero emissions by 2050
UAE continues to enhance its environmental prosperity, with an emphasis on protected areas, sustainable agriculture, and nature-based solutions
DP World partners with Standard Bank to expand trade finance in Africa
Dubai, UAE-- In order to fulfill demand for working capital in Africa, DP World has partnered with Standard Bank, the...Companies across the continent can now borrow working capital from Standard Bank through the DP World Trade Finance platform
The group chairman of DP World said Africa is a key market for the company and the partnership will strengthen development in Africa
Holiday homes in Dubai to get ‘QR Code’ to improve transparency
Dubai, UAE - Dubai on Monday launched a new QR Code initiative for holiday homes, as part of efforts to...As part of the initiative, owners of Holiday Homes will now be required to display a QR code on the main entrances of their vacation properties in Dubai
This code enables visitors and guests to conveniently scan it and access essential information about the operator of the Holiday Home
QCC, Setup in Abu Dhabi partner to strengthen SMEs export capability
ABU DHABI, UAE - Abu Dhabi Quality Conformity Council (QCC) has joined Setup in Abu Dhabi, a comprehensive SME enabling...The partnership will strengthen SMEs exporting capabilities by benefiting from in-depth consulting which is backed by research and expertise.
Setup in Abu Dhabi was launched by Creative Zone in 2022 with Abu Dhabi Department of Economic Development, other government and private entities.
US leaders look for support on crucial debt default bill
The key deadline is June 5 -- when, according to Treasury estimates, the government will no longer have the funds...The bill, finalized on Sunday by President Joe Biden and House Speaker Kevin McCarthy, faces opposition from the progressive and hard-right wings.
Biden and McCarthy both say they are confident the bill will pass a House vote scheduled for Wednesday and then move swiftly to the Senate.
UAE-India Business Forum discusses investment opportunities
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has embarked on a landmark trade mission to India,...The UAE-India Business Forum brought together key business leaders, government officials and industry experts from both Sharjah and Mumbai.
The trade mission's first leg commenced with the highly successful UAE-India Business Forum held in Mumbai, India's bustling commercial capital.
UAE Corporate Tax: All you need to know
The UAE aims to attract more businesses and investments by having a competitive Corporate Tax system that follows international standards...The UAE aims to attract more businesses and investments by having a competitive Corporate Tax system that follows international standards and a network of double tax treaties
Four of the GCC's six member states have corporate tax systems, ranging from 10 percent in Qatar to 15 percent in Kuwait and Oman to 20 percent in Saudi Arabia.
Saudi SEZs attract $12bn in investments since launch in April
An additional $31 billion in investments are in progress, the Special Economic Zones Investment Forum in Riyadh was told Tuesday....Saudi Arabia's Minister of Investment Khalid Al-Falih said kingdom closed deals worth SAR 285 billion ($76 billion) in 2022 across sectors ranging from agriculture to aerospace.
The Special Economic Zones Investment Forum in Riyadh was told Tuesday that an additional $31 billion in investments in the SEZs are in progress.
Sharjah’s Waste-to-Energy Project promotes renewable energy
SHARJAH, UAE - The Sharjah Waste-to-Energy Project, the first of its kind in the Middle East, has strengthened its efforts...Since its launch one year ago, the plant has increased its waste diversion rate from 76 percent to 90 percent.
The move aligns with the UAE's goal of achieving climate neutrality by 2050 and diversifying the energy mix.
