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
 Sep 30 2016 - Italy's Eni confirms renewable energy deal with EgyptMENAFN
(MENAFN) Italian oil Eni agreed a common strategy with Egypt to construct renewable energy projects in the country.Moreover, the first project will be a solar plant in Sinai with output of 50 MW, ...

 Sep 30 2016 - Oman's budget deficit reaches USD10.83bn in H1MENAFN
(MENAFN) Oman's budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent ...

 Sep 30 2016 - UAE hotels to cut costs by 20pctMENAFN
(MENAFN) Hotels in the UAE could cut their costs by more than 20 percent by reducing their energy and water consumption.Moreover, hotels with poor environmental policies consume three times more ...

 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

more...


 





Google

 
 

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

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