DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC) Mahir Julfar said that the DWTC's performance in 2023 was outstanding, welcoming 2.47 million participants - a 25 percent surge in visitor numbers compared to 2022. ‘’This achievement was propelled by the successful staging of 301 Meetings, Incentives, Conferences,...
Archer to launch its all-electric air taxi service across UAE
ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment Office (ADIO) with plans to commence air taxi operations in Abu Dhabi in 2026. As part of this initiative, ADIO plans to support Archer with incentives for establishing its first...
Governments should provide incentives for green finance, says Dubai Chambers’ webinar
DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in green finance initiatives. The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers. Held by the chamber’s Center for Responsible Business as...
Dubai posts 44 percent growth in business event bid wins in H1 2023
DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in the first half of 2023. The outstanding growth in the number of global events being hosted by the city contributes further to its economic growth in line with the goals...
UAE to showcase business opportunities at ‘Make it in the Emirates Forum’
Abu Dhabi, UAE -- The UAE has said that the second Make it in the Emirates Forum is an open invitation to investors from around the world to launch their businesses in the UAE. “The second Make it in the Emirates Forum will showcase unique opportunities, incentives, and enablers for...
Bahrain’s investment push: Businesses with large-scale projects to get Golden Licence
Manama, Bahrain - Bahrain has announced the launch of a Golden Licence, providing incentives and streamlined services to foreign and local businesses with large-scale investment projects in the country, in an important step in the country's pursuit to incentivise investments and boost job creation under its fiscal and economic reforms,...
Madbouly invites Qatari businesses to invest in Egypt
Egypt is focused on rebuilding the state and infrastructure. The country has dropped unemployment levels from 18 percent to 7.2 percent in the current period as a result of launching of major projects in the past few years, which compensated for the decline in the private sector's contribution to growth...
UAE MoIAT, Sharjah FDI Office ink MoU to promote investment
SHARJAH, UAE - The UAE's Ministry of Industry and Advanced Technology (MoIAT) and Sharjah Foreign Direct Investment Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) at the 6th Sharjah Investment Forum to promote investment opportunities. Held under the theme 'Redefining Economies: Making Significant Strides for a Better Future',...Investments in Jordan industrial estates rise 19 percent in 2022
AMMAN, JORDAN - Investments in industrial estates in 2022 hit US$4.2 billion (JD3 billion), an increase of 19 percent compared with 2021, supported by 174 new investments worth US$811 million (JD575 million), the Jordan Industrial Estates Company (JIEC) said on Sunday. In a statement, JIEC noted that 27 of the...MoIAT, Ras Al Khaimah Economic Zone ink pact to promote industrial growth in UAE
ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ) Thursday signed a Memorandum of Understanding (MoU) with the aim of enhancing the UAE’s appeal as an investment destination. Omar Suwaina Al Suwaidi, Under-Secretary of the Ministry of Industry and...
Emirates, Jafza sign MoU
They will explore ways to offer travel incentives to SMEs.Ras Al Khaimah provided $1.9m package to local businesses during pandemic
The Ras Al Khaimah Department of Economic Development (RAK-DED) offered AED 7 million ($1.9 million) in economic stimulus package to business sectors in the Emirates. Local media reports said the package was provided to support the local economy and ensure business continuity during the COVID-19 pandemic. RAK-DED said the package...
AFZ registers 349 new companies in Q3 2021
The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export landscape, as it contributed 36 percent to the total export and re-export activities during the first nine months of 2021. It is also due to the logistic advantages and strategic...
Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses to companies with a capital of $141.8m In order to prod more firms in Saudi Arabia to list on Tadawul, the Saudi Authority for Industrial Cities and Technology Zones (MODON)...
Dubai Economy, Dubai Business Women Council highlight incentives for businesswomen
Speakers share insights on how female entrepreneurs can address Covid-19 challenges The webinar was part of Dubai Economy’s monthly ‘Market Dialogue’ series A webinar to highlight the incentives, services, and benefits that can support all UAE-based businesswomen and entrepreneurs was recently hosted by Dubai Economy and the Dubai Business Women...
