Startup Dubai’s Post

Dubai Chambers has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB) to improve banking services for the local business community and support the international expansion of Dubai-based companies. The partnership will provide value-added banking services, including trade finance for local firms looking to access international markets and streamlined account setup for multinationals and SMEs. This initiative is part of the Global Partnerships Programme aimed at accelerating business expansion and aligns with the 'Dubai Global' strategy to attract foreign direct investment. Khalid Al Jarwan from Dubai Chambers emphasized the collaboration's role in reinforcing Dubai's position as a global business hub. Sanjay Malhotra from DIB highlighted their commitment to offering Sharia-compliant financial solutions tailored for businesses. The MoU will support the Global Partnership Programme through Dubai Chambers' international offices, contributing to the Dubai Economic Agenda (D33), which aims to double the emirate's economy in the next decade. #DubaiChambers #DubaiIslamicBank #BusinessGrowth #GlobalExpansion #TradeFinance #EconomicDevelopment

Dubai Chambers has signed a Memorandum of Understanding (MoU) with the London Chamber of Commerce and Industry to support the growth and diversification of bilateral economic and investment ties #DubaiChambers #AmbitionInFocus

Foreign Direct Investment (FDI) in the UAE : According to the World Investment Report 2023 issued by the United Nations Conference on Trade and Development (UNCTAD), the value of foreign direct investment (FDI) inflows to the UAE in 2022 amounted to USD 22.737 billion (AED 83.5 billion), up by 10 per cent or USD 2.07 billion (AED 7.6 billion), to rank 16th globally in FDI inflows in 2022. The UAE was ranked 1st in the West Asia region since it received 47.1 per cent of the total FDI inflows to the region, amounting to USD 48.3 billion. The UAE also was ranked 1st in the MENA region as it accounted for 32.4 per cent of the total FDI inflows to the region, amounting to USD 70.2 billion. Dubai FDI offers essential information and invaluable support to foreign companies who intend to invest in Dubai. Dubai FDI guides, advises and provides practical assistance with all aspects of business decisions and management, starting from determining the best legal structures to identifying the appropriate business activities. Ras Al Khaimah Economic Zone (RAKEZ) Dubai FDI Dubai Chambers Ministry Of Economy, UAE #myrakez #FDI #DubaiFDI #DCC #MEA #UAEFDI #MEA #VISA #DED #DubaiInvestments #GoldenVISA #InvestorVISA #Freezone #Corporatetaxes #dubaiInflow #dubaiOutflow #VAT #Investmentsopportunity #Dubairesident

Dubai has once again proven itself as the top global hub for foreign direct investment (FDI), ranking No.1 in attracting Greenfield FDI projects for the third consecutive year in 2023, according to Financial Times Ltd’s “fDi Markets” data. #YourPartnerInSuccess #Dubai #FDI #GreenfieldProjects #Investment #FinancialTimes #fDiMarkets Keren Jadhav

The Hong Kong Monetary Authority (HKMA) and the Dubai Financial Services Authority (DFSA) have signed a Memorandum of Understanding (MOU) to deepen their strategic partnership in sustainable finance. Read more: https://lnkd.in/gmqbtVPe ian johnston #SustainableFinance #ClimateFinance #HongKong #Dubai #SustainabilityNews

The GCC’s robust international trade is complemented by the rise of regional financial centers, notably the Dubai International Financial Centre, Abu Dhabi Global Market, King Abdullah Financial District and the Qatar Financial Centre. By creating a business-friendly environment through these institutions, the region is carving a place for itself in global finance and attracting significant FDI. Managing Partner Zaid M. Belbagi writes on the Gulf’s economic potential and its sustained ability to attract Western investments despite geopolitical disturbances and strategic realignment in the region. Read more at https://lnkd.in/ec2xZeiF

UAE is projected to reach $30 billion in FDI inflows this year, reinforcing our stable economy and investor-friendly regulations. The Dubai Stockbrokers and Investment Services Group (DSIG) aligns with the government's vision to foster economic growth and attract global investments. #DubaiInvestment #FDI #EconomicGrowth #DubaiChambers #DSIG https://lnkd.in/deYRfpkz

Free Zones and Foreign Investment🌍💼 The UAE has established numerous free zones to boost foreign direct investment (FDI) by providing attractive incentives such as tax exemptions, 100% foreign ownership, and streamlined business regulations. These free zones are strategically located in key cities like Dubai, Abu Dhabi, and Sharjah, covering various sectors including technology, finance, media, and logistics. Prominent free zones include the Dubai International Financial Centre (DIFC), Jebel Ali Free Zone (JAFZA), and Abu Dhabi Global Market (ADGM). Free zones have been highly successful in attracting multinational corporations and startups alike, contributing significantly to the UAE's economic diversification goals. For instance, the DIFC alone hosts over 2,500 companies, including major financial institutions and Fortune 500 firms. The appeal of these free zones lies not only in the favorable business environment but also in the world-class infrastructure, robust legal frameworks, and strategic geographic location that facilitates access to markets across the Middle East, Africa, and Asia. #ForeignOwnership #BusinessGrowth #FreeZones #FDI

Abu Dhabi’s export activity surged in the first five months of 2024, highlighting the emirate’s expanding presence in global trade. A joint research paper by the Abu Dhabi Chamber of Commerce and Industry and Etihad Credit Insurance (ECI) revealed a 23.8% year-on-year increase in certificates of origin issued between January and May 2024. This growth underscores the Chamber’s efforts to expand trade opportunities and strengthen the UAE’s international trade footprint. Read more: https://lnkd.in/dBpy2swz #UAE #AbuDhabi #Economy #Economicgrowth #Trade

🔊 We are thrilled to announce that we are opening an office in Dubai, our first in the Middle East!   🌍 ‘ASR Middle East’ marks a significant milestone in our journey, driven by the strong linkages between the African and Middle Eastern markets. This move will further solidify our ties in the Emirate and the wider region where we have been writing business since February 2022.   💭 Mikir Shah, CEO at ASR, said: “Establishing a presence in Dubai is a natural next step for us as we continue to grow in the region and strengthen our ability to facilitate and de-risk the inter-regional trade between Africa and the Middle East.”   🏢 The new office is located within the Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region. Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, said: "We welcome ASR Middle East to DIFC, which is now the deepest reinsurance market between London and Singapore."   💬 Our new office will be led by Zouheb AZAM, Head of Political Violence & Terrorism at ASR, who will also take on the role of Senior Executive Officer, ASR Middle East. Commenting on the move, Zouheb said: “The opening of our new office in the DIFC represents an exciting next phase of growth and it complements our existing operations.”   👥 ASR Middle East will offer a comprehensive suite of corporate and specialty covers across all nine of ASR’s business lines, supporting corporates and investors in the Middle East. We look forward to fostering new partnerships, embracing fresh opportunities, and contributing to the regions’ thriving business landscape.   Read the full Press Release here – https://lnkd.in/eTybVYc7 To find out more, reach out to zouheb.azam@asr-re.com   #ASR #Expansion #Dubai #Growth #DIFC #ASRMiddleEast