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Newsletter 3/2020

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Stay tuned with the Italian Chamber of Commerce in the UAE! A selection of news and articles that featured in official publications in UAE and Italy related to the business, economy and culture of the two countries. Italian Chamber of Commerce in UAE wants you to become a Member! Renew or subscribe new membership now! Visit our website to take a look of the benefits and the Chamber’s partners (https://iicuae.com/vantaggi/) and fill the form to make request for mermbership: https://iicuae.com/modulo-associativo/ Subscribe or Renew the membership in order to participate to the annual General Assembly of the Chamber, to be held on March 28th at 5:30pm at the Millennium Plaza Hotel. A dinner offered by the Chamber for Gold members will be included. For more info about the partnership with IICUAE write an email to: projects@iicuae.com We look forward to having you on board! SUCCESS OF THE ITALIAN INDUSTRY First Italian out-of-use tire treatment plant in Abu Dhabi. Thanks to the activity carried out in recent years by the Italian Chamber of Commerce in the United Arab Emirates and by the Sharaf Group, with the Sharaf Future Company (a pioneer in the waste treatment sector in the UAE), Italian technology finally arrives in the Emirates also in the sector just mentioned, of waste treatment. Read the full article on our website: https://iicuae.com/2020/02/06/primo-impianto-italiano-di-trattamento-pneumatici-fuori-uso-ad-abu-dhabi/ APERITIVO ITALIANO On Saturday, the 7th of March Starting from 7pm at TORNO SUBITO (W Hotel, The Palm, Dubai) Massimo Bottura’s first restaurant outside of Italy Price: 70 AED ENTRANCE INCLUDED 1 DRINK AND FREE BUFFET Looking forward to seeing you there! Visit our website: https://iicuae.com/2020/02/25/aperitivo-italiano-torno-subito-7th-of-march-2020/ The Protection of Credits in the UAE Criticalities that the Italian and local companies have to face daily With the participation: Marco Zucco from Baitulhikma Law Firm in UAE Antonio Varvaro from Antonio M. Varvaro - Legal Consultants On Tuesday, the 10th of March From 1PM to 2.30PM At Immagina Meeting Room, 1001, 10th Floor, 48 Burj Gate, Downtown Dubai, Dubai Certificate of attendance for the participants LIVE ON FACEBOOK! RSVP: projects@iicuae.com or Tel: +971 4 321 6260 Visit our website: https://iicuae.com/2020/03/02/seminar-the-protection-of-credits-in-the-uae-10th-march-2020/ Many people don't know it, but for tourists passing through the country and not resident in the UAE, it is possible to recover practically all the amount of VAT spent on purchases made at shops and shopping malls. Here are some practical information on how to request a VAT refund. Read the full article on our website: https://iicuae.com/2020/02/27/guida-allo-shopping-tax-free/ Another "first" in the Arab world, the UAE has received green light to operate its highly anticipated nuclear plant. The UAE Nuclear Energy Programme achieved a major milestone as the Barakah Nuclear Power Plant Unit 1 received its operating licence from the Federal Authority for Nuclear Regulation. Read the full article on our website: https://iicuae.com/2020/02/18/gli-emirati-arabi-diventano-il-primo-paese-arabo-a-produrre-energia-pulita/ Italian Coronavirus: - No more risks than other EU countries - Just more prevention than other EU countries - Much more Italian Drama Style Information is the key: Come and visit us, our country is safe! Dubai International Financial Centre (DIFC) has launched a new licence for startups, entrepreneurs and technology firms from different sectors priced at $1,500 per annum (Dh5,500). The DIFC Innovation License allows access to co-working space at free zone with a flexible desk space at $500 per month. It also offers up to four visas on the first desk and subsidised visas of up to 50 per cent for innovation firms. Source: Khaleej Times Read this interesting article on the website: https://www.khaleejtimes.com/business/local/difc-launches-dh5500-new-licence-for-startups-entrepreneurs Don't forget to follow us on our social media:

Newsletter 2/2020

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Stay tuned with the Italian Chamber of Commerce in the UAE! A selection of news and articles that featured in official publications in UAE and Italy related to the business, economy and culture of the two countries. Italian Chamber of Commerce in UAE wants you to become a Member! Renew or make new membership now! Visit our website to take a look of the benefits and the Chamber's partners. For more info about the partnership with IICUAE write an email to: projects@iicuae.com We look forward to having you on board! Traditional event with the Aperitivo Italiano organized by the Italian Chamber of Commerce in Dubai. Now we can say it: the restaurant chosen to host the event is "Torno Subito" located in the W Dubai, The Palm, and the date is the 7th March 2020. Torno Subito is Massimo Bottura's first restaurant outside of Italy. Stay tuned for other info that we will publish on our website and in the next newsletter. Commercial Mission with Italian Company Ofar Spa. Ofar is an Italian company based in North East of Italy, it is a leading supplier of forged components for a wide range of markets and industrial applications such as Oil&Gas, Mechanics, Shipbuilding, Petrochemical and Power Generation. Some possible partnerships emerged from the meetings, which could give the company the opportunity to collaborate with local companies that would allow it to expand not only on the UAE market, but throughout the Middle East. Read the full article on our website: https://iicuae.com/2020/02/11/la-camera-di-commercio-com-tramite-per-i-primi-passi-di-ofar-nel-mercato-emiratino/ The latest Magnitt report (the largest online startup community in the whole MENA) indicates that the number of investments in startups based in the Mena geographic area has increased by 31% in 2019. Read the full article on our website: https://iicuae.com/2020/02/12/crescita-delle-startup-nellarea-mena-egitto-uae-e-arabia-saudita-come-soggetti-trainanti/ First Italian out-of-use tire treatment plant in Abu Dhabi. Thanks to the activity carried out in recent years by the Italian Chamber of Commerce in the United Arab Emirates and by the Sharaf Group, with the Sharaf Future Company (a pioneer in the waste treatment sector in the UAE), Italian technology finally arrives in the Emirates also in the sector just mentioned, of waste treatment. Read the full article on our website: https://iicuae.com/2020/02/06/primo-impianto-italiano-di-trattamento-pneumatici-fuori-uso-ad-abu-dhabi/ Eni and ADNOC signed a Share Purchase Agreement to enable Eni to acquire from ADNOC a 20% equity interest in ADNOC Refining. The agreed terms for the 20% equity interest acquired by Eni include a cash price of approximately $3.3 billion after deduction of the net debt and subject to closing adjustments, which corresponds to an enterprise value of approximately $3.9 billion (Eni share). Source: ENI website Read this interesting article on the website: https://www.eni.com/en-IT/media/press-release/2019/01/eni-acquires-from-adnoc-a-20-equity-interest-in-adnoc-refining-the-two-companies-consolidate-their-strong-partnership.html Food consumed in the UAE and the GCC is safe from coronavirus as local companies source their products mainly from Europe, the USA, Brazil, and the Subcontinent rather than China, say industry executives. Source: Khaleej Times Read this interesting article on the website: https://www.khaleejtimes.com/business/uae-food-safe-from-coronavirus-says-fb-firms- Dubai's Burj Khalifa to turn blue for Angelman Syndrome, thanks to this British mother. "In honour of my four-and-a-half-year-old son Sam, who has Angelman Syndrome, Burj Khalifa will light up in blue at 7.40pm. This is, of course, for all the other AS families in the UAE, around the world, as well as the wider community of people of determination" she wrote. Source: Khaleej Times Read this interesting article on the website: https://www.khaleejtimes.com/uae/dubai/blue-burj-khalifa-makes-mums-dream-come-true-; https://www.khaleejtimes.com/uae/dubai/burj-khalifa-turns-blue-for-as-thanks-to-this-british-mother-2 Don't forget to follow us on our social media:

Newsletter 1/2020

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Stay tuned with the Italian Chamber of Commerce in the UAE! A selection of news and articles that featured in official publications in UAE and Italy related to the business, economy and culture of the two countries. Italian Chamber of Commerce in UAE is starting the promotion of the Membership! Visit our website to take a look of the benefits and the Chamber's partners. For more info about the partnership with IICUAE write an email to: projects@iicuae.com We look forward to having you on board! The seminar "Business Opportunities for European Space Industry in the UAE", took place in December and it was organized by ESA (European Space Agency) in its Pavilion in Rome. The main topic it has been about was the business opportunities for Italian companies in the Aerospace sector, and trade exchanges between the two countries. UAE speakers: Mohammed Al Beloushi, CEO, Bayanat for Mapping LLC Anas Zeineddine, Executive Director, Krypto Labs Italian speaker: Mauro Marzocchi, Secretary General, Italian Chamber of Commerce Traditional event with the Aperitivo Italiano organized by the Italian Chamber of Commerce in Dubai. This month took place on January 26 in the luxurious “Roberto’s” restaurant in the Financial Center. The event hosted around 100 people and the participation of Fratelli Coltelli band. The magnificent location and the elegant atmosphere have contributed to making the evening a perfect moment of conviviality and relax. Stay tuned to discover when and where the next one will be! Commercial Mission with Italian Company Terra d'Oro. Terra d'Oro is an Italian company based in Puglia (south of Italy), and among all its products and brands, the main one is the extravirgin oil Dono Dorato. Some possible partnerships emerged from the meetings, which could give the company the opportunity to collaborate with local companies that would allow it to expand not only on the UAE market, but throughout the Middle East. Read the full article on our website: https://iicuae.com/2020/02/02/terra-doro-lolio-italiano-sbarca-negli-eau/ This is an overview of the export value between Italian companies and UAE. Check your sector of expertise to see the related volume of trade with the Emirates. Click on the photo to open it. Expo 2020: a launching pad for Italian SMEs. Article about the estimated revenue of the small and medium Italian enterprises from the Expo 2020 Read the full article on our website: https://iicuae.com/2020/01/30/expo-2020-un-trampolino-di-lancio-per-le-pmi-italiane/ Law n.1 of 2020 to protect the DIFC real estate sector. Article about the first law of the 2020 in UAE Read the full article on our website: https://iicuae.com/2020/01/21/legge-n-1-del-2020-a-protezione-del-settore-immobiliare-difc/ Nowadays data plays a key role in digital transformation. Organisations across the Middle East need to understand how best to leverage data when making long-term strategies. Source: Khaleej Times Read this interesting article on the website: https://www.khaleejtimes.com/business/local/data-plays-key-role-for-digital-transformation Economic growth in UAE? It's all in the family business. Family-run enterprises employ around 70-80 per cent of the private-sector of workforce in the GCC and collectively generate $100 billion, Orient Planet had said in a report. The study advises that going public is the key solution to ownership succession challenge faced by these groups. Source: Khaleej Times Read this interesting article on the website: https://www.khaleejtimes.com/business/local/economic-growth-in-uae-its-all-in-the-family-business Emirati fisherman catches 350kg shark in UAE This is the incredible experience that a fisherman lived just few days ago. "I could not believe my eyes. It was a big shark." He said. And this is true: click on the photo to open it. Source: Khaleej Times Don't forget to follow us on our social media: