His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with Professor Klaus Schwab, Executive Chairman of the World Economic Forum, on the opening day of the World Governments Summit 2025. The summit, running from February 11 to 13 under the theme “Shaping Future...
Tag: economic growth
Grant Thornton UAE Expands Presence with New Office in Sharjah
Grant Thornton UAE, a prominent financial services firm, has officially opened a new office in Sharjah. This expansion marks a significant milestone in the company’s growth journey and demonstrates its commitment to serving clients in the Northern Emirates and across the UAE. According to WAM, the opening ceremony featured key figures such as Walid Al...
UAE and Japan Near Completion of Comprehensive Economic Partnership Negotiations
Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, announced that negotiations for the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Japan are set to be completed by the end of 2025. In his statement to the Emirates News Agency (WAM), Dr. Thani Al Zeyoudi emphasized that the terms...
Dubai Chambers Named Featured Partner for World Governments Summit 2025
Dubai Chambers has been named as a Featured Partner for the World Governments Summit 2025, which is set to take place in Dubai from February 11 to 13, 2025. The summit will operate under the theme ‘Shaping Future Governments’ and aims to gather global thought leaders, experts, and decision-makers to foster international cooperation and develop...
ADQ and SCIC Sign MoU to Enhance Investment Collaboration in Vietnam
The Abu Dhabi Developmental Holding Company (ADQ) has partnered with the State Capital Investment Corporation (SCIC), a sovereign wealth fund owned by the Government of Vietnam. They have signed a Memorandum of Understanding aimed at creating a framework for collaboration in key sectors of mutual interest within Vietnam. This partnership seeks to identify and assess...
UAE’s Foreign Trade Reaches Historic Dh3 Trillion Mark
For the first time, the UAE’s foreign trade has reached an impressive Dh3 trillion by the end of 2024, as announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. He described this achievement as a “historic milestone” in a post on X. Sheikh Mohammed highlighted...
Sheikh Maktoum Meets Nestlé CEO to Discuss Economic Growth
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, held a meeting with Laurent Freixe, CEO of Nestlé, at his office in Dubai. Nestlé, as the world’s largest food and beverage company, was at the center of discussions aimed at enhancing economic cooperation. During...
UAE Job Market Projected to Offer Four Percent Salary Increase in 2025
A recent study by TASC reveals that overall salaries in the UAE are expected to rise by four percent across all industries in 2025. This increase is particularly notable for professionals working in high-growth sectors such as artificial intelligence (AI), data science, and cybersecurity, where salary hikes will be more significant. The report says that...
UAE’s Economy to Grow 4% in 2025, Says IMF
The International Monetary Fund (IMF) has projected strong economic growth for the UAE, forecasting a 4% increase in 2025 despite reduced oil production under OPEC+ agreements. In a recent statement following its staff visit, the IMF highlighted the UAE’s focus on non-hydrocarbon sectors, which are thriving thanks to tourism, construction, and public spending. Financial services...
UAE-Kuwait Week Set to Strengthen Economic Ties in Dubai
Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the inaugural UAE-Kuwait Week will take place in Dubai from February 3 to 4, 2025. This event aims to enhance strategic economic and trade ties between the United Arab Emirates and Kuwait while identifying new...