UAE grabs 1st position in middle east in growth potential – Reports

The United Arab Emirates has grabbed the first position among all the countries in the Middle East and North Africa and has been placed 12th in the world in terms of growth potential, as per a recent study.

The United Arab Emirates has grabbed the first position among all the countries in the Middle East and North Africa and has been placed 12th in the world in terms of growth potential, as per a recent study.

The survey conducted by Frost & Sullivans, an American consulting firm, observed the best available growth opportunities in the coming future in different nations in the world, as per criteria related in their entirety to the potential given by the government of every nation for growth in the ground, like policies which strive to facilitate trade and lure more foreign direct investment.

Advertisement

The United States grabbed the first position in the study, followed by Norway, and the third position was taken by the United Kingdom.

As per the UNCTAD World Investment Report 2022, the value of FDI inflows in the UAE acquired a growth rate of 4%. The total inflows of foreign direct investment in 2021

The total inflows of foreign investment in 2021 amounted to $20.7 billion (Dh76 billion), compared to $19.884 billion (Dh73.04 billion) in 2020, in spite of the repercussions of the Covid-19 pandemic that has cast a shade on the volume of investment, trade and world economies.

The FDI inflow’s cumulative value rose, amounting to around $171.6 billion. The UAE has signed 106 agreements with its trading partners to safeguard and encourage investments.

The United Arab Emirates was placed 1st in the West Asia region regarding Foreign Direct Investment (FDI), accounting for 37% of the total inflow to the Emirates, which is valued at $55.5 billion.

The UAE ranked first in the Mena region regarding Foreign Direct Investment (FDI), accounting for 31% percent of the total FDI inflow to the area, which amounted to $66.6 billion.

Advertisement
Tariq Saeed

Read More

India: Punjab schools to feature Indian sports legends’ life stories in textbooks

Punjab School Education Department (PSED) is set to introduce inspiring and motivating life stories of the four legendary Indian sportspeople in the textbooks of Physical Education to encourage the students to follow their passion for sports.

Dubai’s grand new Hindu Temple set to open on Dussehra festival

Dubai’s grand new Hindu Temple is in full swing to be inaugurated this year on October 4 and will be open for the citizens of the United Arab Emirates from the festival of Dusshera, also known as Dussehra, Dasara or Dashain, is a major Hindi festival celebrated at the end of Navaratri every year.

Dubai: RTA to launch new project next month to increase road capacity by 2200 vehicles

The Roads and Transport Authority (RTA) of Dubai will be opening Saih Al Dahal Road Improvement Project next month to increase road capacity by 2200 vehicles, i.e. from 1800 to 4000.

Recent

‘India is a mother of democracy,’ says PM Narendra Modi during a democracy summit

The Prime Minister of India – Prime Minister Narendra Modi stated on Wednesday that India is a mother of Democracy as the idea of elected leaders was a common practice in ancient India, long before the rest of the world.

Dubai Police Introduce Tesla Cybertruck to Their Futuristic Fleet

Dubai Police has unveiled the latest addition that promises to revolutionize law enforcement technology—a Tesla Cybertruck. This announcement follows a teaser from November 2019, when Dubai Police hinted at the possibility of integrating the Cybertruck into their patrol lineup

Malayalam actor-producer Vijay Babu hiding in Dubai after rape charges, says police

The police investigation team has got credible information regarding actor-producer Vijay Babu that he is currently hiding in Dubai under the protection of an influential person there.
admin