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The country has secured No. 1 ranking in 20 indicators. The UAE has jumped three places to become the seventh most competitive economy in the world in 2018, its best ranking ever, reveals a global study released on Wednesday.
20,332 global investors gathered in one venue for the event. The eighth edition of the Annual Investment Meeting that took place at the Dubai World Trade Centre from April 9 to 11 saw the highest number of global investors gather in one venue, numbering 20,332, including more than 1,000 investment specialists and advisors from 143 countries, conclude 1,852 business-to-business and 821 government-to-business meetings in three days.
The new UAE investment, residency and company reforms announced on Sunday signify a tectonic shift for the business and social ecosystems as the nation seeks to enhance its appeal as a prime hub for world class talents and big-ticket investors
Artificial intelligence is set to give the UAE economy a $182 billion boost by 2035, according to a new report. The country’s financial sector is set to benefit the most from AI, followed by healthcare, transport and storage industries, according to a report by global consulting services firm Accenture.
Major global firms will now be keen to set up branches in the country, say industry stalwarts. Business, professional and investor communities in the UAE greeted the much-anticipated landmark residency and investment reforms with enthusiasm and hoped the new measures would give a major fillip to the economy and brighten the nation’s long-term investment outlook.
Abu Dhabi National Oil Company (Adnoc) on Saturday started supplying crude to India for its strategic petroleum reserves with the first shipment carrying 2 million barrels of oil.
Abu Dhabi National Oil Company has received strong interest from Chinese energy firms for onshore and offshore oil and gas concessions being offered in the first-ever round of competitive bidding proposed as part of its new partnership model.
The UAE’s Founding Father’s legacy will further be spread worldwide as Etihad Airways unveiled its specially-designed A380 ‘Year of Zayed’ aircraft .