The UAE is a popular destination for wealthy foreigners for a number of reasons.

-
Image
Many billionaires in the UAE are drawn to the country's zero income tax policy. As a result, people travel to the United Arab Emirates in order to safeguard and increase their wealth without having to pay high taxes on it.    The United Arab Emirates (UAE) provides a golden visa program that permits investors, entrepreneurs, and professionals to stay in the nation for an extended period of time. This effort has been essential in attracting skilled labor and funding from around the world.    Due to its strategic location at the crossroads of Asia, Africa, and Europe, the UAE can be quite alluring for investment. This is also important information for visitors planning meetings there.    UAE Offers  a lots of opportunities for ventures and investments. Under a stable political climate, the state of the United Arab Emirates can enjoy a sense of security and predictability, both of which are necessary for efficient long-term planning.     Countries that have seen the greatest growth in
Post a Comment

UAE assures that investments in Israel are not politically driven

-

 


From the moment Israel and the UAE announced that they will be normalising relations with each other, people were quick to jump to conclusion and blame UAE that they are doing it for their personal benefits. One such instance was when UAE planned to invest in Israel’s projects.

People started pointing out that it was in fact, a politically motivated move. But clarifying all those allegations, Dr Sultan Al Jaber, the Minister of Industry and Advanced Technology, announced that the investments prospects worth $10 billion in Israel are commercially driven and have no political motives behind them.

He stressed that the announcement of the investment program is in line with all the other UAE initiatives that are aimed at looking for opportunities all around the world. On Tuesday, the minister refuted all the claims of the investment program being politically motivated. “We are at a very early stage in studying the laws and policies in Israel,”he said.

He added that the UAE is also establishing certain rules which will ensure bilateral agreements and noted that they need to be in place to support and protect our investments. “The UAE has a long history and rich track record in making the right investments in the right locations, based on the commercial assessment of that market,” he noted.

The allegations started after the UAE announced last week that it will study the climate of Israel and are looking for opportunities to invest $10 billion which will be diverted into different sectors like energy, manufacturing, water, space, health care and agriculturally influenced technology.

He also highlighted that it is very soon to judge what is going around while also indicating that there is no hurry as there are a number of matters that need to be taken care of ahead of the final call on investment.

Sr Al Jaber said that UAE is looking at interesting and attracting investment opportunities all around the world and is waiting for the right locations. He stressed that there are numerous opportunities in different markets and the UAE is continuing to evaluate them on the basis of ‘strategic merits’ as well as their commercial value. 

Comments

Post a Comment

Popular posts from this blog

In a Show of Solidarity, the UAE Offers Aid to Libya in Times of Crisis

-
Image
    \ Genuine acts of kindness and togetherness shine like beacons of hope. In a Recent  Crisis, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has taken a laudable move, asking the UAE to offer immediate humanitarian aid and dispatch search and rescue teams to Libya in the aftermath of Storm Daniel's devastating floods.    It is pleasing to see leaders step forward with compassion and offer practical support in the face of  natural disasters and crises. It serves as a reminder that, despite our differences, our common humanity brings us together in times of loss and misfortune. The UAE's response to the Libyan floods is a ray of hope and a tribute to the power of empathy and international cooperation.   This prompt and compassionate response represents the UAE 's basic principles, which are strongly founded in empathy and a commitment to assisting nations in need. The floods in Libya, which have lost many lives, injured many, and caused extensive damage, are no
Read more

No Time for Climate Delay at COP28

-
Image
  This year's global climate summit begins in Dubai. Did you know that Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and President of COP28 , stressed the essential need for immediate climate action before to the summit? The shrinking time period and the global community's progress since the Paris Agreement's adoption in 2015 emphasize the urgency.  Let us first discuss the cop conference  and what I believe Cop28 will do.  First Cop summit  emphasizes that major strides have been made since COP21, guiding the earth away from the initially forecast 3°C global warming and toward around 2.5°C.  Second, according to the International Energy Agency's most recent projections, global carbon emissions will peak in this decade, intensifying the need for comprehensive climate policies. I believe in cOP28  It is fitting, then, that this year’s climate summit should happen in a place famous for sitting at the intersection of finance and innovative th
Read more

The UAE's Masdar Initiative boosts Kenya's geothermal sector to spur the green energy revolution.

-
Image
  During the Green Industrialisation Initiative in Dubai, President William Ruto announced a collaboration on geothermal energy development, marking a significant development for Kenya's energy sector. Kenya's Geothermal Development firm is partnering with Indonesia's Pertamina Geothermal Energy (PGE), with funding from Masdar, the UAE 's renewable energy firm.    Kenya's energy sector faces issues such as high generation costs and inefficiency, which limit access to electricity. The collaboration seeks to address these concerns by harnessing the knowledge and investments of international partners. Masdar has invested heavily in PGE and sees Kenya as a significant player in Africa's renewables market. Abdulla Zayed, Masdar's Director of Investment Development, emphasized the significance of partnership in realizing Kenya's energy potential. The company's approach targets transformative initiatives that are consistent with national energy transition o
Read more