HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Reviews Readiness of Reserve Forces in Abu Dhabi

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  Dubai’s visionary Crown Prince, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who also serves as the Deputy Prime Minister and Minister of Defence, recently visited the Reserve Forces Command in Abu Dhabi. The visit underscored the UAE’s unwavering commitment to bolstering its national defence capabilities and ensuring the highest standards of military preparedness. During his tour, Sheikh Hamdan closely reviewed the operational readiness and strategic capabilities of the Reserve Forces. He commended the personnel for their exceptional dedication and contributions to the security and stability of the nation. His Highness was briefed on the latest training methodologies and technological advancements integrated into the force, reflecting the UAE’s forward-thinking approach in the defence sector. The visit also served as an opportunity to appreciate the achievements of the Reserve Forces in reinforcing the nation’s defence framework. Their unwavering commitment plays a cruci...
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The Economic Renaissance of Abu Dhabi: A Blooming Terrain for Venture Capitalists and Investors

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Abu Dhabi

Also read :Abu Dhabi: The Jewel of the United Arab Emirates

Also read :UAE President Sheikh Mohamed hosts a fraternal consultative meeting with GCC leaders

The United Arab Emirates' capital, Abu Dhabi, shines brightly as a source of prospective chances in a report that highlights the city's economic achievements in 2023. The announcement of new economic licenses reaching AED 210.7 billion further solidifies the emirate's appeal as a location for talent, entrepreneurs, and investors.

The issuing of 24,143 licenses for the business sector, or 94.1% of all licenses issued, is indicative of Abu Dhabi's thriving economy. There were 25,647 new economic licenses issued in the year, while there were 75,778 license renewals, indicating a 3.5% growth rate. With 143,617 active licenses, the number of licenses increased by 10.9% from the previous year.  

Also read :South Korea president Yoon visits UAE for World Future Energy Summit

A major feature in Abu Dhabi's economic story is diversification, as evidenced by the notable expansion seen in industries including professional services, travel and tourism, manufacturing, and agriculture. Tourist permits increased by 22.35% to total 219, while new industrial licenses increased by an astounding 51.25% to 363. The industries related to agriculture, fishing, and livestock experienced significant expansion, rising by 288.46% in comparison to 2022.

Actual beneficiary requests increased by a remarkable 201.9%, from 16,282 to a whopping 49,163. This increase demonstrates the emirate's dedication to creating an atmosphere that encourages innovation and company expansion.   

Also read :Abu Dhabi launches first mobile infectious diseases lab

Abu Dhabi is a living example of the UAE's goal of steady growth and prosperity as it maintains an environment that supports economic vitality. Abu Dhabi's economic landscape is a vibrant place for talents, investors, and entrepreneurs to thrive since it is a blank canvas full of opportunity and innovation.   


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