WEEKLY BUSINESS ROUNDUP - 4th February 2023 to 10th February 2023

Arab Fiscal Forum provides platform to discuss strengthening joint Arab action

Arab Fiscal Forum hosted at the World Government Summit 2023 discussed the need for governments in the region to bolster economic development through fiscal policies. Top officials from IMF and the Arab Fiscal Forum presented forecasts and proposed recommendations to strengthen economic resilience & development along with enhancing the framework for joint Arab action.

 

UAE industry leaders discuss path to equitable future at the Sharjah Investment Forum 2023

Sharjah Investment Forum 2023 (SIF) conducted a panel session titled "Redefining Economies, Making Significant Strides For a Better Future” where UAE industry leaders discussed the necessary steps to create a more equitable and sustainable future. The discussion revolved around the importance of investment in advanced technology and innovation, the role of research and development, financing liquidity, empowering the workforce through education, and the five key sectors for a self-resilient economy. 

 

International Property Show focuses on investment opportunities

International Property Show (IPS 2023) the largest property platform in the region is currently taking place in Dubai. The exhibition will show current and future real estate projects and investment opportunities in a bid to build strategic partnerships with players across the globe. It is estimated that the show will record a footfall of 120 exhibitors from more than 40 countries. 

 

Dubai Chamber of Digital Economy engages industry players to shape Gig Economy landscape

Dubai Chamber of Digital Economy organized a high-level Gig Economy Industry Workshop, designed to bring key players and investors together to discuss the future of this sector. At a roundtable session attendees discussed four main topics – regulations, funding, talent, and infrastructure. Realizing the significance of a Gig Economy within a digital economy ecosystem, the UAE authorities are keen to strengthen this space. 

 

MoIAT, Sharjah FDI Office sign MoU to promote investment opportunity under ‘Make it in the Emirates’

The Ministry of Industry and Advanced Technology (MoIAT) and the Sharjah Foreign Direct Investment Office (Invest in Sharjah) signed a Memorandum of Understanding (MoU) to promote investment opportunities at the 6th Sharjah Investment Forum. The forum served as a platform to support sustainable economic growth within an economic environment that provided access to enablers, incentives, and financial solutions to investors.

 

Breakbulk Middle East 2023 brings together decision makers of shipping network

Breakbulk Middle East (BBME), the leading breakbulk and project cargo event in the region will be attended by the Breakbulk Global Shippers Network (BGSN) for the MENA audience. This event will record massive footfall of major decision makers for key projects across the region; presenting an opportunity for industry players in oil and gas, energy and renewables, mining and minerals, engineering, procurement and construction, industrial manufacturing, and aerospace to meet exhibitors.

 

Future of fintech discussed at Sharjah Investment Forum 2023

Financial innovation and technology trends within the global  financial services sector were discussed at the sixth edition of the Sharjah Investment forum. During a session titled the “Future of Fintech” industry leaders discussed the impact of fintech on the traditional banking system and the advantages of fintech in enhancing mobility, accessibility, and convenience within the financial services sector. 

 

Abu Dhabi chamber supports private sector through signing of 3 MoUs

Aligned to the Abu Dhabi Chamber of Commerce’s new strategy for the next 3 years,  the Chamber has signed three MoUs with the Federal Tax Authority (FTA), the Statistics Centre - Abu Dhabi (SCAD), and eBay in a bid to  support the private sector in the emirate. The Chamber will embrace the role of policy advocator, networker, and service provider for the growing private sector.  

 

RAKEZ to issue business license in less than 5 minutes

The Ras Al Khaimah Economic Zone (RAKEZ) has introduced the option of “Instant Business License” system enabling entrepreneurs to get business licenses in less than 5 minutes. The online process goes a long way in eliminating paperwork and making it a convenient option for investors.