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Newsletter 14/2019

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Stay tuned with the Italian Chamber of Commerce in the UAE!

Newsletter 14/2019

A selection of news articles that featured in official publications in UAE and Italy related to the business, economy and culture of the two countries. 

Newsletter 14/2019

VP CALLS FOR EXTRAORDINARY IDEAS TO SERVE EMIRATIS, BOOST ECONOMY
The UAE has become an inspiring and distinguished role model in the Region said H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Boosting the Country’s achievements needs work, efforts and dedication of all loyal people. “The coming period needs concerted efforts in the fields of Emiratization, serving the UAE citizens and developing the economy”, he commented. Sheikh Mohamed tackled work progress, new ideas, proposals and local, regional and international initiatives related to the Ministry of Cabinet Affairs and The Future.
Source: Khaleej Times

Newsletter 14/2019

NEW AREAS BEST FOR RENTAL YIELDS
Dubai real estate has offered one of the best rental yields in the world, especially in new communities, giving better returns than many major cities around the world. Average rental yields in global property hotspots such as London stand as 2.7%, Hong Kong at 2.4%, New York 2.9% while Dubai properties consistently offer over 7% gross return on average.
Source: Khaleej Times

Newsletter 14/2019

UAE, SAUDI ARABIA TOGETHER IN CONFRONTING CHALLENGES
The UAE is strongly standing with the Kingdom of Saudi Arabia to confront challenges, affirmed H.H. Sheikh Mohamed bin Zayed Al Nahyan. “UAE and Saudi Arabia are standing as partners in one trench to face besetting challenges. Our shared goals are security of the UAE and Saudi Arabia and stability of the whole region. We also share a common destiny and future”, he commented, while opening the Presidential Guard. He noted that states are facing continuous challenges and states they want to build themselves and have tracks like those of advanced nations should survive and surmount tremendous challenges and difficulties.
Source: Khaleej Times

Newsletter 14/2019

SUSTAIANABLE FARMING ON THE RISE
Vertical farming is boosting the UAE’s crop-producing capacity, helping the Country build a sustainable future. According to statistics, the UAE imports 80% of its food, which is a major challenge for the Country’s food security. Vertical farming, a practice of growing local fruits and vegetables with minimal resources, is currently making waves. Aside from promoting sustainability, the UAE’s food security strategy also aims to ensure access to safe and nutritious food. This is why organic faming – a method that doesn’t rely on synthetic fertilizers – has also being gaining traction.
Source: Khaleej Times

Newsletter 14/2019

SAUDI WOMEN EMBARK ON THEIR NEW JOURNEY
Saudi Arabia has long endured Western censure over guardianship, which assigns each woman a man relative whose approval is needed for various big decision throughout a woman’s life. While some significant controls remain, the authorities have steadily tweaked regulations as they try to open up society under a broad reform agenda led by Crown Prince Mohammed bin Salman. The latest changes mean women over 21 can now get a passport and go abroad and without permission. They also allow women to register childbirth, marriage and divorce, be issued official family documents and be a guardian to children who are minors.
Source: Khaleej Times

EXPO 2020 DUBAI: WHAT’S NEW

Newsletter 14/2019

22KM OF ROADS TOWARDS EXPO SITE OPENED
Roads and bridges extending 22km towards the Expo 2020 site have been opened to traffic, as by RTA announce, completed works included the intersections of the Sheikh Zayed bin Hamdan Al Nahyan Street with both Expo and Al Yalayes Streets and two flyovers on the Sheikh Zayed bin Hamdan Al Nahyan Street and DIP. Additionally, the Road has been widened from two lanes to five in each direction. With this, Dubai’s road network has been enhanced by 17km of roads and 5km of bridges.
Source: Khaleej Times

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