Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Stability, economic growth help bring business to UAE  Join our daily free Newsletter

MENAFN - Khaleej Times - 18/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Political stability, economic growth and a balanced foreign policy are key incentives for the world's leading businesses to establish their regional offices in the UAE, said Shaikh Abdullah bin Zayed Al Nahyan, Foreign Minister of the UAE.

Speaking at the second annual reception at the Ministry of Foreign Affairs (MoFA), for the nation's top business executives, government officials and diplomats, the foreign minister said that the government attaches great importance to national companies with investments abroad. He asked the private sector to explore investment opportunities in emerging economies especially in Africa, South America, the Caribbean and East Asian countries.

"The coming years are very important to us in sustaining and maintaining our national achievements and in expanding the role played by the foreign, economic and investment policies in the global economy," he said. Shaikh Abdullah said that the UAE ambassadors have been directed to ease all obstacles that could face investors willing to open businesses in the UAE. He underlined the achievements made by the UAE this year, including ranking 33rd in the world in the Ease of Doing Business survey by the IFC.

Shaikh Abdullah said that Dubai winning the bid to host Expo 2020 after a stiffcompetition was a result of the world's confidence in the UAE and its economy. In the Global Competitiveness Report for 2013-2014, the UAE advanced five positions in the competitiveness of its economy in one year, from 24th position last year to the 19th this year. On the federal government's strategy to boost national economy, Shaikh Abdullah said the economic sector at the Ministry of Foreign Affairs had adopted plans to support the country's investments abroad and to explore investment opportunities in emerging markets.


"The UAE seeks to enhance its economic competitiveness by diversifying its resources and by building a knowledge-based economy, driven by research and development to make the UAE a hub for smart economy in the region," he said. He added that the country's active diplomacy helped achieve significant progress in addressing issues like dumping, high customs tariffs, taxes, restrictions on capital transfer and on national carrier flights.

Shaikh Abdullah said the UAE was supporting the Egyptian government's efforts to support its economy and to facilitate investment there. The foreign minister pointed out that the recent GCC-Egyptian investment forum in Cairo, co-hosted by the UAE and Egypt, had achieved a positive outcome in attracting more GCC investments in Egypt.

 


Khaleej Times




  MENA News Headlines
 Jul 25 2016 - Saudi's PetroRabigh net profit falls 80 pct in Q2MENAFN
(MENAFN) Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) said it has experienced a 79.6 percent drop in net profit during the second quarter.The company, a joint venture between ...

 Jul 25 2016 - Abu Dhabi hosts strategic investments meetingMENAFN
(MENAFN) Pooling knowledge and resources from within the oil and gas industry is vital to energy sector progress, said senior officials and world representatives at a recent gathering in Abu Dhabi.In ...

 Jul 25 2016 - 390m revenues of Vodafone Egypt in Q4 of FY 2015/2016Daily News Egypt
(MENAFN - Daily News Egypt) Vodafone Egypt achieved an 11.2% growth in its revenues during the fourth quarter (Q4) of fiscal year (FY) 2015/2016 which ended in March. According to the data from the ...

 Jul 25 2016 - Knesset members to visit Saudi, recognised relations with Israel come to the lightDaily News Egypt
(MENAFN - Daily News Egypt) Arab-Israeli member of the Knesset Issawi Frej told Israeli state media on Sunday that preparations are ongoing for a visit of opposition members in the Israeli parliament ...

 Jul 25 2016 - Environment minister meets with African counterparts to prepare for COP22Daily News Egypt
(MENAFN - Daily News Egypt) Minister of Environment Khaled Fahmy held a meeting with his counterparts from Gabon, Niger, and Namibia on Sunday in Cairo, in his capacity as the president of the ...

 Jul 25 2016 - Has the public's initial post-Brexit denial passed?Daily News Egypt
(MENAFN - Daily News Egypt) Britain's decision to leave the EU fueled a rise in xenophobia and fears about the future. A month after the bombshell, DW talks to remain voters and EU nationals in the ...

 Jul 25 2016 - Internet market attracts 200,000 new customers in April 2016Daily News Egypt
(MENAFN - Daily News Egypt) A report by the Ministry of Communications and Information Technology has shown a slight decline of 0.12% in the number of mobile service subscribers in April, compared to ...

 Jul 25 2016 - Unified sermon is in the best interest of society: Ministry of Religious EndowmentsDaily News Egypt
(MENAFN - Daily News Egypt) The decision to unify Friday prayers by giving preachers written sermons is in the best interests of society, Minister of Religious Endowments Mohamed Mokhtar Gomaa said ...

 Jul 25 2016 - DPI acquires 33.3% of B.TECH, worth $35mDaily News Egypt
(MENAFN - Daily News Egypt) The Financial Times reported on Sunday that private equity firm DPI will acquire 33.3% of household appliances retailer B.TECHa deal worth $35m. According to a previous ...

 Jul 25 2016 - Egyptian renewable energy disinvestment over price and arbitration disagreementsDaily News Egypt
(MENAFN - Daily News Egypt) Italy's Enel Green Power has exited the renewable energy market in Egypt and is seeking compensation for investments it has already injected, according to Al-Borsa ...

more...


 





Google

Easy Forex

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help