UAE delivers 10 aid convoys to Gaza

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The United Arab Emirates has sent ten humanitarian aid convoys to the Gaza Strip as part of its ongoing relief effort. This campaign, carried out under the "Gallant Knight 3" operation, seeks to offer critical food supplies, medical aid, and other requirements to Palestinians affected by the ongoing situation. Despite the challenges on the ground, the UAE's leadership has reaffirmed its commitment to humanitarian assistance, ensuring that relief reaches those in critical need. These convoys are part of a larger campaign to alleviate suffering in Gaza, where thousands of families are facing shortages of basic commodities. UAE relief teams, working in collaboration with international humanitarian groups, have been critical in ensuring the safe and efficient distribution of aid. Medical supplies and food packages have been prioritized, especially for children, the elderly, and the most vulnerable people affected by the disaster. The UAE has long been at the forefront of huma...
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UAE regarded as the best Arab nation for inhabitants' access to economic opportunities: Report

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When it comes to providing citizens and investors with the most economic prospects, the UAE has been regarded as the best Arab nation overall.

In the list of 128 countries, the World Citizenship Report 2023 ranked the UAE 20th overall and first in the Middle East and Arab area for "Economic Opportunity Rankings," placing it ahead of countries like Iceland, Malaysia, China, Qatar, Italy, Saudi Arabia, South Korea, and Turkey.

Globally, the top five nations that offer the finest economic prospects are Singapore, the US, Hong Kong, the Netherlands, and Japan.

The UAE has made a number of announcements to make doing business easier, including the introduction of a new long-term visa regime, 100% foreign ownership to foreigners, zero income tax, very low corporate income tax, and signing of the Comprehensive Economic Partnership Agreement (CEPA) with a number of nations to facilitate and ease trade with major economies like India, Israel, and others.

According to the 2022 IMD World Competitiveness Ranking, which was published in February, the UAE has the most competitive economy in the Arab World. Additionally, the World Bank and Economist Intelligence Unit also gave the Emirates top marks for their business-friendly climate.

The UAE's economic success has been praised, and Issam Abu Suleiman, director of the Gulf Cooperation Council at the World Bank, anticipates that this rising trend will continue in 2023.

He attributed the government's initiatives to diversify the economy, a business-friendly climate, the convenience of conducting business, and advanced infrastructure for the UAE economy's projected growth.

The UAE and other Gulf nations are the highest-ranked in the region, according to the Economist Intelligence Unit's most recent "Assessing the best countries for doing business" report, and the region's score has improved in recent years in line with rising oil prices and expanding absorptive capacity for new investments. According to the EIU, "Qatar, Saudi Arabia, and the UAE will improve even more in 2023-27."

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