Sheikh Hamdan and Sheikh Maktoum review roadmap for D33 implementation_photo courtesy_Dubai Media Office

Dubai: Sheikh Hamdan, Sheikh Maktoum review roadmap for D33, first 10 projects

The first phase of D33 projects includes launching the Dubai Green and Sustainable Industry Plan

Dubai economic growth plan d33

Here’s what Dubai’s ambitious D33 agenda aims to achieve

The first set of projects includes the Dubai Unified License that will provide a unique commercial identity for all companies across economic zones

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai_courtesy_Dubai Media Office

Sheikh Mohammed launches Dubai Economic Agenda, ‘D33’ aims to double size of economy in 10 years

The agenda includes 100 transformative projects with economic targets of Dhs32tn over the next 10 years

Courtesy Arab Monetary Fund

Arab Gulf Programme for Development, AMF partner to boost sustainable development goals

The two organisations will coordinate efforts to deal with issues related to the development of the financial and microfinance sectors

global economy

World economy headed for a recession in 2023: CEBR

The global economy surpassed $100tn for the first time in 2022, but will stall in 2023, the British consultancy said in its annual World Economic League Table

Israel

Calev’s Newsroom: Israel, India and UAE forge a new trade route

There are many facets of economic integration and growth contained within the Israel-India-UAE triangle

IMF sees Kuwait's GDP growth at above 8% for 2022

IMF projects Kuwait’s GDP growth above 8% for 2022

The rise in GDP growth in 2022 is supported by increased oil production, high oil prices, and sustained improvement in domestic demand

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Saudi Arabia’s non-oil exports rise 4% to $6.6bn in October

Non-oil exports mainly comprised chemical and allied industries, accounting for 41 per cent of the total non-oil merchandise exports

IMF

UAE economy survived economic impact of Covid-19: IMF official

According to the latest IMF report, UAE GDP growth is projected to reach above 6 per cent in 2022, up from 3.8 per cent last year

Saudi Arabia, Azerbaijan to establish joint business council

Saudi Arabia, Azerbaijan to establish joint business council

The committee also witnessed the signing of an MoU between the Saudi Fund for Development and the Ministry of Economy of Azerbaijan

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

UAE Central Bank projects real GDP to grow by 7.6 % in 2022

The review expected the non-oil GDP to grow by 6.1 per cent in 2022, against 4.3 per cent previously, with the oil GDP to expectedly grow by 11 per cent this year

Etihad Credit Insurance partners with RAKEZ

Etihad Credit Insurance partners with RAKEZ to boost the emirate’s non-oil foreign trade

The MoU came as part of ECI’s continuing effort to support Ras Al Khaimah’s strategy to boost its export activities

Domestic workers

UAE’s new domestic worker law comes into force today

The law stipulates providing an appropriate work environment for domestic workers

UAE, Armenia sign MoU to regulate recruitment of Armenian workers

The MoU stipulates the entry, residency, and employment of Armenians in the UAE in accordance with the country’s legislations

Dubai

Dubai’s GDP grows 4.6% during first nine months of 2022

The emirate hosted 10.12 million international visitors from January through September 2022, compared to 3.85 million welcomed during the same period last year

Dubai International Chamber launches offices in Egypt, two more countries

Dubai International Chamber launches offices in Egypt, two more countries

The new openings bring the number of Dubai International Chamber’s representative offices around the world to 15

Saudi Arabia’s real GDP grows 8.8% in third quarter

Oil activities in the third quarter increased 14.2 per cent year-on-year

UAE announces new law for non-Muslims expatriates

The federal decree-law on personal status will come into effect from February 1, 2023

Sachin Kerur, Managing Partner, Middle East, Reed Smith

How UAE is building an ecosystem for business development?

The slew of developments that we have seen in the UAE on a legislative and regulatory level in various industries are further proof of the government’s support for the business community

UAE leads Arab World in IMD World Talent Ranking 2022

UAE leads Arab region in IMD World Talent Ranking 2022

The UAE is among the best countries in terms of readiness to meet the needs of the labour market for significant skills and expertise

UAE issues corporate tax law

The country’s corporate tax regime will levy a standard rate of 9 per cent on taxable profits exceeding Dhs375,000

Sheikh Mohammed approves Dubai budget 2023-2025

Sheikh Mohammed approves Dhs205bn Dubai budget for 2023-25

The government’s total expenditures for the 2023 fiscal year are estimated at Dhs67.5bn

UAE’s foreign non-oil trade to grow to Dhs2.2tn by end of 2022

Non-oil foreign trade crossed Dhs583bn during the third quarter of the year

Saudi and Chinese companies sign 34 investment agreements

The agreements covered sectors like green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories

Saudi Arabia's non-oil exports rise 4% to $6.6bln in October

Saudi Arabia sees 2023 budget surplus bump

Revenues are now set to reach SAR1.13tn, slightly more than projected earlier

UAE, Ukraine announce intent to negotiate comprehensive economic partnership agreement

UAE, Ukraine to begin negotiations towards comprehensive economic partnership agreement

In 2021, non-oil trade between the UAE and Ukraine reached $904.4m, increasing 28.4 per cent over the previous year

Gold

Gold climbs to four-month high as reopening bets weaken dollar

Gold tends to have a negative correlation with the dollar and rates as it does not bear interest and is priced in the US currency

UAE, Japan to sign MoU on establishing joint business council

The formation of the council is aimed at developing joint projects and exchange expertise

Qatar executives bullish on growth

Qatar executives optimistic about future economic growth, reveals EY report

Qatar’s tourism, hospitality, and real estate sectors show the most promise to drive growth

Qatar

Qatar wealth fund hires ex-JPMorgan exec Niall Byrne as CFO

Byrne, who has nearly 30 years’ experience in the finance industry, joined QIA this month