Economy Middle East

Our December issue celebrates the UAE’s remarkable achievements in economic diversification, innovation, sustainability, and beyond. The cover story features Hadi Badri, CEO of the Dubai Economic Development Corporation, that plays a pivotal role in driving diversification and attracting FDI and global talent. Additionally, insights from prominent leaders such as Mohamed Jameel Al Ramahi, CEO of Masdar (Abu Dhabi Future Energy Company), Engineer Saeed Al Remeithi, group CEO of Emirates Steel Arkan - EMSTEEL, Khalid Bin Hadi, managing director of Siemens Energy UAE, and H.E. Shamis Al Dhaheri, second vice chairman of the Abu Dhabi Chamber of Commerce and Industry, offer valuable perspectives. Plus, discover other exclusive topics and interviews. Don’t miss this issue! Access the full magazine: https://lnkd.in/dURqKvcG Check out the cover story: https://lnkd.in/dKh2GEuk Dubai Department of Economy and Tourism EMSTEEL Group #UAE #economy #sustainability #energy #business #December #magazine #exclusive #interviews

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, approved today the formation of the board of directors of the Young Arab Leaders initiative, naming 11 leading and influential Arab figures from diverse fields to propel it forward. “We want this initiative to be a platform to realize the aspirations and dreams of Arab youth, reenacting the region’s golden era in the vanguard of science, culture, technology, and intellectual endeavor." Sheikh Hamdan said. Read more: https://lnkd.in/dum9iNg6 #UAE #SheikhHamdan #YoungArabLeaders #Leaders

Investing in Dubai's off-plan properties? Check out these three essential tips to make informed decisions and secure your ideal investment! Read more: https://lnkd.in/eqJ3mmCz #Uae #DubaiRealEstate #Dubai #Investments #OffPlanProperties

H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has recently issued a law concerning the establishment of the Al Maktoum Archives in his capacity as the Ruler of Dubai. The Al Maktoum Archives is dedicated to documenting and preserving the tangible and intangible cultural heritage of Dubai’s rulers and the Al Maktoum family, ensuring its accessibility for future generations. It will serve as a comprehensive repository for the Ruler of Dubai, encompassing his biography, collections and literary works. Read more: https://lnkd.in/d2F-E75B #UAE #Dubai #AlMaktoum #SheikhMohammed

Here are five news highlights from this week. #News #ThisweekinNews #WeeklyRecap

Abu Dhabi Investment Authority (ADIA) has joined the elite $1 trillion club, the Sovereign Wealth Fund Institute (SWFI) announced. Read more: https://lnkd.in/gRiM52AJ #AbuDhabi #Investment #SovereignWealthFund

His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, has issued Law No. (20) of 2024, approving the general budget for the 2025 fiscal year. His Excellency Ali bin Ahmed Al Kuwari, Minister of Finance, presented the details of next year’s budget to the media, in which the country projects total revenues of QAR 197 billion ($53.98 billion). Allotment for the healthcare and education sectors constitute QAR 41.4 billion ($11.23 billion), representing around 20% of the total budget. Read more: https://lnkd.in/dJ5axMfu Ministry of Finance Qatar #Qatar #Budget2025 #Revenue #Economy

Dubai’s Roads and Transport Authority (RTA) has awarded an AED20.5 billion ($5.58 billion) contract for the Dubai Metro Blue Line project to a consortium of three prominent Turkish and Chinese companies: MAPA, LIMAK, and CRRC. The Blue Line project spans 30 kilometers and includes 14 stations and will offer a direct connection between Dubai International Airport and nine key areas along the line. Read more: https://lnkd.in/dFKKA3_w #UAE #Dubai #DubaiMetro #transportation

The Dubai Department of Economy and Tourism (DET) has established a strategic MoU with global hotel company IHG Hotels & Resorts, aimed at enhancing the destination’s offerings and improving visitor experiences. This agreement includes collaborative marketing initiatives, professional training programs for hospitality personnel, and the development of new tourism experiences. The MoU was signed by His Excellency Issam Kazim, CEO of the Dubai Corporation for Tourism and Commerce Marketing (DCTCM), a division of DET, and Haitham Mattar, managing director for India, the Middle East, and Africa at IHG Hotels & Resorts. Read more: https://lnkd.in/dA5x_tFr #Dubai #Hospitality #Tourism

Bitcoin fell below $100,000, losing over 5 percent of its value, after Federal Reserve Chair Jerome Powell confirmed that the central bank cannot hold Bitcoin, leaving the decision to Congress. “We’re not allowed to own Bitcoin,” Powell said at a press conference following the Fed’s two-day policy meeting, during which policymakers cut rates by a quarter point as expected while signaling fewer rate cuts in 2025. Speaking of the legal issues surrounding holding Bitcoin, Powell said “that’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed” Read more: https://lnkd.in/d657xxHS #Bitcoin #FederalReserve #CentralBank #Crypto