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Stay tuned with the Italian Chamber of Commerce in the UAE!
Newsletter 07/2018

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Newsletter 07/2018
Newsletter 07/2018

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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 07/2018

The Government of Dubai will not increase fees for any of its services for the next three years, as by order on Sunday of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Prince of Dubai and Chairman of the Dubai Executive Council. “The move, which aims to support the social stability of citizens, will have a positive ripple effect on all segments of society. The directives will also boost Dubai’s economic competitiveness and reinforce the government’s continuous efforts to ensure social and economic security”, tweeted Sheikh Hamdan. He stressed out that the UAE priorities the socio-economic stability of citizens and residents. “The UAE competitiveness is the main priority for the government and the next term will witness the launch of many new social development initiatives and other initiatives for the UAE youth to make them directly benefit from our journey of development”, added Sheikh Mohammed.
Source: Khaleej Times

Newsletter 07/2018

Dubai’s projected industry growth rate of 57.4% over the next 10 years to 2027 is expected to outpace most other global hub cities, as reported by an analysis of Knight Frank. While over the past 10 years to 2017, Dubai’s industrial sector recorded only a growth of 10.7% compared to Hong Kong (42%), Singapore (59.6%) and Shanghai (85.8%), in the next 10 years, Dubai is set to record one of the fastest growths among the hub cities on the back of heavy infrastructure investments. “The development of Dubai’s industrial sector is seen as strategically important goal for the sustained long-term success of the economy as part of the UAE’s economic diversification plan and Dubai’s Industrial Strategy 2030”, the report said. The UAE also has a well-regarded ease of doing business ranking, which has moved up from 26th to 21st out of 190 countries over the last year.
Source: Khaleej Times

Saudi Arabia has replaced some of its top military officers in a shake-up that elevates a younger generation, beings a woman into a senior government job. Tamadur bint Youssef Al Ramah became deputy labor minister, a rare high-level job for a woman in the kingdom.
Crown Prince Mohammed bin Salman, who at 32 is also defense minister and heir apparent, has promised reforms to wean Saudi Arabia off oil exports, create jobs and open up Saudis’ cloistered lifestyles. The decrees included adopting a new strategy to restructure the defense ministry for improved organization and governance, but provided few details. The overhaul was a nod to a younger generation in what has become a hallmark of the Crown Prince’s approach to ruling youthful Saudi Arabia.
Source: Khaleej Times

The Fouder’s Memorial, a monumental artwork to honor the life of the founding father of the nation, the late Sheikh Zayed bin Sultan Al Nahyan, was formally unveiled in Abu Dhabi on Monday evening. Erected in a bid to allow residents and tourists alike to enrich their understanding of his life, legacy and values, the memorial is located at the intersection of first and second streets along the Abu Dhabi Corniche. Narrating personal stories and showcasing artefacts from his daily life, the series of unique personal and immersive encounters will make it a must-see attraction in the city. In keeping with Sheikh Zayed’s commitment to nurturing local flora and fauna across the UAE, the landscaped area which sits on a 3.3 hectare site. Features indigenous plants and shrubbery from the UAE and the Arabian Peninsula.
Source: Khaleej Times

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