Dubai Opera Presents Extraordinary Ballet Gala: Rising Stars from La Scala Ballet Academy to Grace the Stage
Febbraio 2, 2024
Newsletter
05Ott’20
Newsletter 10/2020
Resta sintonizzato con la Camera di Commercio Italiana negli Emirati Arabi Uniti! Una selezione di notizie e articoli sull’attività camerale e alcuni presenti nelle pubblicazioni ufficiali negli Emirati Arabi Uniti e in Italia relative agli affari, all’economia e alla cultura dei due Paesi Con un semplice click nel bottone sottostante, potete trovare la Newsletter IICUAE Newsletter 10/2020 21Mag’20
Newsletter 5/2020
Resta sintonizzato con la Camera di Commercio Italiana negli Emirati Arabi Uniti! Una selezione di notizie e articoli sull’attività camerale e alcuni presenti nelle pubblicazioni ufficiali negli Emirati Arabi Uniti e in Italia relative agli affari, all’economia e alla cultura dei due Paesi Con un semplice click nel bottone sottostante, potete trovare la Newsletter IICUAE Newsletter 5/2020 15Apr’20
Newsletter 4/2020
Resta sintonizzato con la Camera di Commercio Italiana negli Emirati Arabi Uniti! Una selezione di notizie e articoli sull'attività camerale e alcuni presenti nelle pubblicazioni ufficiali negli Emirati Arabi Uniti e in Italia relative agli affari, all'economia e alla cultura dei due Paesi. Saluti introduttivi Cari Soci attuali e futuri, Come ben sapete e state provando sulla vostra pelle, questo e’ un anno difficilissimo per le imprese e per le famiglie. Dobbiamo per questo essere uniti nell'affrontare ciò, cercando di raggiungere un complicato equilibrio fra il bene primario, quello della salute, e l’interesse economico da salvaguardare. Questa è’ la vera sfida che ci attende sia a livello internazionale che in Italia, nonostante i dati dell’epidemia migliorano di giorno in giorno. Anche se lo leggerete all’interno della Newsletter, non possiamo che mettere in evidenza innanzitutto il grande gesto di amicizia e umanitario che gli EAU hanno appena rivolto all’Italia. Siamo grati anche al Governo emiratino per gli interventi messi prontamente in campo nel Paese per arginare il fenomeno. Come Camera certamente dobbiamo adattarci ad una congiuntura molto difficile ma desideriamo sottolineare che il team camerale e’ presente e, tramite le nuove modalità, pronto a supportare le esigenze degli imprenditori. A partire dalla prossima settimana partiranno una serie di iniziative atte a supportare le imprese locali e quelle italiane che vogliono approcciare gli EAU, che ci auguriamo possano dare un contributo per pianificare il futuro delle imprese stesse. Con specifico riferimento ai nuovi Soci, ci auguriamo che possano fornire con la loro adesione un contributo fattivo all’attività camerale, i cui benefici ricadranno esclusivamente sulle loro imprese. Nel breve veicoleremo un questionario per “censire” meglio tutti i nostri soci e conoscere le loro esigenze, in modo da poter fornire loro un'assistenza sempre più concreta e mirata. Desideriamo infine ringraziare la base sociale tutta che, in questo scorcio di 2020, ha visto un significativo incremento numerico a conferma del prestigio che la Camera ha acquisito in questi anni nel Paese e in Italia. Non ci resta che invitare caldamente le imprese locali che ci leggono ha volersi iscrivere alla Camera per il 2020 ed essere forti e resistenti per poter superare questo terribile periodo. Ce la faremo e la Camera vi e’ sempre vicino e a completa disposizione. Con i migliori saluti, Il Presidente Sheikh Mohammed bin Faisal Al Qassimi Il Vice Presidente Piero Ricotti Emergenza coronavirus: gli Emirati a sostegno dell’Italia Dagli Emirati Arabi Uniti (UAE) è giunto in Italia un aereo con circa 10 tonnellate di forniture mediche, volte ad assistere il paese nella lotta al Covid-19. Da parte sua, il ministro degli Esteri italiano, Luigi di Maio, ha affermato che gli aiuti emiratini rappresentano il simbolo della solidarietà tra i due Paesi, oltre ad essere un valido aiuto per medici, infermieri e tutto il personale sanitario, che potranno salvare le vite altrui preservando, al contempo, la propria. Pertanto, il ministro ha ringraziato gli UAE a nome di tutto il popolo italiano, sottolineando come l’Italia non dimenticherà quei Paesi che hanno fornito supporto in questo momento di difficoltà, in cui la crisi non è solo sanitaria, ma anche economica e sociale. L’aereo emiratino è giunto all’aeroporto italiano di Fiumicino nella mattina del 6 aprile, trasportando aiuti sanitari di cui beneficeranno circa 10.000 membri del personale medico italiano. L’iniziativa è da includersi in un’ottica di impegno da parte di Abu Dhabi e di collaborazione con i Paesi colpiti dall’emergenza coronavirus, con il fine ultimo di potenziare gli sforzi profusi a livello globale e frenare l’avanzata di Covid-19 ed i suoi effetti negativi. A tal proposito, l’ambasciatore degli UAE in Italia, Omar Obaid al-Shamsi, ha affermato che quanto compiuto riflette l’approccio umanitario del proprio Paese, che lo caratterizza fin dalla sua istituzione. Il materiale spedito, ha affermato al-Shamsi, sosterrà lo staff medico, affinché possa compiere la propria missione in sicurezza. Inoltre, è stato sottolineato, il popolo e i leader degli Emirati sono vicini all’Italia e a tutti gli altri Paesi colpiti dal coronavirus. Le iniziative intraprese dagli Emirati a livello internazionale includono azioni di cooperazione in materia di assistenza di emergenza, a fianco dell’Organizzazione Mondiale della Sanità (OMS), e l’invio di forniture mediche a diversi Paesi, tra cui Cina, Afghanistan, Iran, Pakistan e Seychelles. Negli Emirati Arabi Uniti, secondo i dati riportati dal Khaleej Times[1] in data 14 aprile, il bilancio dei contagi da Covid-19 ha raggiunto quota 4.521, di cui 3.644 attivi, 852 guariti e 25 decessi. Secondo un rapporto pubblicato da Step Feed, un tabloid emiratino, il Paese gode del miglior sistema sanitario nel mondo arabo. Nel 2019, la sanità emiratina si è classificata alla 47esima posizione, su un totale di 167 Paesi, nell’indice di prosperità Legatum, una società di private investment. Il risultato, è stato specificato, è stato il frutto di un’economia sviluppata, una stabilità interna, un’assistenza sanitaria di alta qualità e agli ingenti investimenti degli ultimi anni in ambito medico-scientifico e tecnologico. Nelle ultime settimane, gli UAE hanno stanziato ulteriori somme per facilitare lo sviluppo di meccanismi e strutture all’avanguardia, per affrontare e prevenire la diffusione del coronavirus, sia per il settore sanitario sia per la vita quotidiana della popolazione. Il tutto in un’ottica “smart”, che ha visto il Paese agire nell’immediato e con rapidità. [2] Sul fronte interno, il 4 aprile, il governo di Abu Dhabi ha deciso di prolungare a tempo indeterminato il coprifuoco notturno, che va dalle ore 20:00 alle 6:00 del mattino, con il fine di effettuare operazioni di sanificazione nei luoghi pubblici e frenare la diffusione del virus. Dal 5 aprile al 19 aprile sono state dichiarate due settimane con l’obbligo di stare a casa. Potranno muoversi solo le categorie esentate di necessità primaria. Parallelamente, gli UAE e i Paesi ospitanti hanno richiesto di rinviare l’Expo Dubai 2020, previsto dal 20 ottobre al 10 aprile 2021. Tra le nuove date proposte, vi sono il primo ottobre 2021 e il 31 marzo 2022. E’ del 14 aprile una prima apertura delle attività sotto elencate: [1] Khaleej Times https://www.khaleejtimes.com/ [2] Sicurezza Internazionale www. Sicurezzainternazionale.luiss.it, www.thenational.ea 03Mar’20
Newsletter 3/2020
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: 17Feb’20
Newsletter 2/2020
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: 04Feb’20
Newsletter 1/2020
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:
07Ott’19
Newsletter 15/2019
Stay tuned with the Italian Chamber of Commerce in the UAE! In the framework of Italian Festival Weeks 2019, with the collaboration of FCA, Fiat and Abarth, the Italian Industry & Commerce Office in the UAE Is proud to invite you to LUIGIA APERITIVO What: Luigia Aperitivo When: Saturday, 26th October, 2019 Time: 7.30pm - 1.00am Where: Luigia, Rixos Premium, JBR, Dubai, United Arab Emirates Price: AED 120 per person 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. FITNESS CHALLENGE TO TURN DUBAI INTO A GYM In less that 15 days, you wont’ have any excuses not to go to the gym – because the entire Dubai is set to become an open, active gym when the 30-day fitness frenzy starts on October 18. This year’s Dubai Fitness Challenge (DFC) promises fun workouts and heart-pumping activities in every corner of the city, helping residents achieve a daily target for 30 minutes of exercise. More than 40 events and over 5000 free classes are lined up for everyone to get moving. The action-packed calendar also includes an attempt to break the Guinness World Record for the largest high-intensity interval training class. Source: Khaleej Times WORLD’S 1ST CULTURAL VISA IN UAE The UAE Government has announced a long-term cultural visa – a world first – for artists and professionals working in the creative space. A Creative Free Zone in Al Quoz, Dubai Global Literary Season, Schools of Life that will transform Dubai’s public libraries into integrated cultural center are among a slew of new intiiatives announced by the Dubai Ruler to consolidate Emirate’s stature as a global destination for culture, innovation and talent. Source: Khaleej Times WHY UAE IS NAMED LAND OF TOLERANCE The UAE has been a home to places of worships of many religions for several decades. Christian of various denomination from across the globe and believers of many other religions and sects have been freely practicing their faith in this land of tolerance. The UAE boats of having some of the oldest discovered places of worship: Ed Dur’s sun temple in Umm Al Quwain is one of them. Another historical gem is on Sir Bani Yas Island, which is one of the oldest discovered of Arabia. Today, many churches and temples stand as major landscapes and integral part of the multicultural communities across the Emirates. Some of them were built decades ago. Source: Khaleej Times SAUDI ARABIA WELCOMES THE WORLD, LAUNCHES TOURIST VISAS In a historical move, Saudi Arabia launched tourist visas for citizens of 49 countries, the visa will be issued through the Kingdom's embassies. The new tourist visa, that costs 440 ryals, will be valid for up to three months and will be issued upon arrival to residents of these countries. Women travelling from other parts of the world are no longer expected to wear abayas but will be required to wear modest clothing. The announcement also put the spotlight on several projects that are poised to position the Kingdom's as the ME’s luxury tourism hub. The ambitious projects aim to attract tourists from all over the world and are part of a larger plan to boost the GDP to 10% from the current 3%. Source: Khaleej Times LOUVRE TO SHOWCASE 10.000 YEARS OF LUXURY Louvre Abu Dhabi will present 10.0000 years of Luxury, a ground-breaking exhibition that explores the history of luxury for the first time in the Middle East. The exhibition that will open on October 30 features approximately 3500 projects including fashion, jewelry, visual art, furniture and design, and explores how luxury has been defined by diverse cultures from antiquity to the present day. It also displays works from Louvre Abu Dhabi’s collection and offers a rare chance to revel in and evaluate the changing fascination with luxury. The luxury of fashion is highlighted with both vintage and contemporary creations by iconic fashion designers. Source: Khaleej Times $1M FOOD TECH CHALLENGE LAUNCHED Four winners who develop most innovative ideas and effective tools for food production and management in the UAE will share a $1 million prize. The Ruler of Dubai launched the “Global Food Technology Challenge” – the largest of its kind that seeks to develop innovative solutions for food production and management in the UAE. The challenge aims to attract and encourage companies, individual, scientific and research institutions in the UAE to employ advanced technologies that will aid in developing innovative ideas and effective tools for food production in the UAE. Source: Khaleej Times CENTRAL BANK UPGRADES UAE’S GDP GROWTHB VIEW ON OIL SECTOR The CB of the UAE has revised the Country’s growth forecast upward for 2019 following strong growth in the first-quarter of this year, led by the oil sector. The Second Quarter Economic Review showed that GDP is projected to grow 2.4% in 2019 as compared to the 2% foster growth in the first quarter. The economy expanded 3.7% in the first-quarter compared to 2.2% in the previous report. Nonoil sector growth is forecast to grow 1.4% this year against 1.3% in 2018. Source: Khaleej Times EXPO 2020 DUBAI: WHAT’S NEW DUBAI EXPO 2020 UNVEILS MASCOTS The official mascots of the Dubai Expo 2020 have been revealed during a colorful event at the Dubai World Trade Center. The event, attend by Dubai’s ruler Sheikh Mohammed bin-Rashid Al Maktoum, started with an explanation of mascots’ backgrounds, personalities and roles: Rashid, Latifa, Terra, Alif and Opti, fully designed by Emirati team. Rashid and Latifa are two children who represent the Emirati population. The remaining mascots are robot, each of which represent an Expo sub-theme: sustainability, opportunity and mobility. Source: Arab News DI MAIO: MATERA 2019 IS A BRIDGE TO EXPO 2020 Speaking from New York where he took part at the General Assembly of the United Nations, the Minister of Foreign Affairs and International Cooperation, Luigi Di Maio, has announced an important appointment due to take place this coming month in Matera, the European Capital
10Set’19
Newsletter 14/2019
Stay tuned with the Italian Chamber of Commerce in the UAE! 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. 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 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 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 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 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 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 NEWSLETTER 14/2019