Tag: business
Reforms put UAE on global investment map
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 to add $182 billion to UAE’s economy by 2035
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.
UAE Inc welcomes pro-investor reforms
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.
UAE makes history in Indian oil
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.
China expresses strong interest in Abu Dhabi oil and gas concessions
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.
Abu Dhabi first-quarter hotel guests surge 10.9% as Chinese visitors descend on capital
Abu Dhabi recorded an increase in the number of hotel guests in the first quarter of the year, boosted by tourists from China, India and the UK, as the oil-rich emirate seeks to diversify its economy and invest in new tourism offerings.
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