Armenian President Visits UAE: Strengthening Ties Between Nations

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  In a significant diplomatic move, the President of Armenia has embarked on an official visit to the United Arab Emirates (UAE), aiming to bolster bilateral relations, expand economic cooperation, and foster cultural exchange between the two nations. The high-level visit marks a new chapter in Armenia-UAE relations, showcasing a mutual commitment to deepening political dialogue and exploring opportunities in trade, technology, energy, tourism, and investment. During his visit, the Armenian President held discussions with top Emirati leaders, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE and Ruler of Abu Dhabi. The leaders discussed regional and international developments, emphasizing the importance of peace, stability, and economic collaboration in the South Caucasus and Middle East regions. Key Highlights of the Visit: Economic Partnerships: Talks included strategies to enhance mutual trade and explore investment in sectors such as infrast...
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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 :UAE: The Abu Dhabi Police confiscated 2.25 million Captagon pills

Also read :UAE: Abu Dhabi welcomes 24 million visitors by 2023, sets new goal

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 :HH Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan: Leading the UAE's Charge to Become a Global Crypto Hub

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: The Jewel of the United Arab Emirates

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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