Category Archives: Business & Investments

“Ports, Customs and Free Zone” holds the First Strategic Retreat to discuss the Indicators of its Strategic Plan

Date: November 23, 2023

To discuss on the most prominent strategic topics and local and global trends that must be highlighted in the upcoming years

“Ports, Customs and Free Zone” holds the First Strategic Retreat to discuss the Indicators of its Strategic Plan

The Ports, Customs and Free Zone Corporation organized the first strategic retreat to discuss the indicators of its strategic plan for the years 2021-2025, in the presence of directors of departments and divisions and second-level employees, at the Queen Elizabeth II Hotel (QE2), with the aim of identifying all factors related to the follow-up review, update and application of the PCFC strategic plan.

H.E. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation, pointed out the importance of reviewing the strategic plan and developing it periodically in line with the latest local and global developments that affect the conduct of operations, and updating initiatives and projects that keep pace with government directions and national strategies launched by Dubai, which are compatible with the operational competencies at the Corporation. These strategic plans such as: Dubai Economic Agenda D33, Dubai Industrial Strategy 2030, Dubai 2040 Urban Master Plan, Dubai Marine Transport Master Plan- 2030, Dubai Digital Strategy and UAE Strategy for Artificial Intelligence.

Bin Sulayem stressed the importance of working to achieve the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai at the forefront in various global indicators and make Dubai the best place to live in around the world, by introducing projects and initiatives to achieve this vision. He expressed the efforts of the Ports, Customs and Free Zone Corporation to facilitate and enhance the economic transformation in Dubai through processes, regulations and innovative solutions that contribute to ensuring sustainable commercial activities, in order to enhance Dubai’s position as a leading sustainable center to support the economic sector on a global level.

The Chairman of the Ports, Customs and Free Zone Corporation expressed the importance of the role of the retreat in strengthening communication channels between various business units and their participation in decision-making, bringing ideas closer together, and moving on one path towards achieving the PCFC vision, as the retreat included holding workshops and group activities to come up with a set of mechanisms, initiatives and ideas that will achieve strategic objectives in cooperation and coordination with relevant authorities in the Dubai government.

He added, “The strategic retreat is the starting point for a new phase of growth and prosperity at all levels of the PCFC,” describing the retreat as an important platform for dialogue and exchange of experiences to ensure unified efforts, discuss development plans, and discover ways to achieve new achievements and ambitious initiatives that meet the needs of the segments of society, based on the guidance and support of wise leadership which attaches great importance to harnessing all capabilities and providing the best services.

The retreat included showcasing the latest global studies and results on a number of indicators related to the Corporation’s specializations, a review of the strategic themes and objectives, consultation on the most prominent strategic topics and local and global trends that must be highlighted in the coming years, the most important initiatives and projects that contribute to achieving the strategic indicators, and a presentation of the results, the strategic plan, opinion polls, and best practices applied at the local and global levels, in addition to holding a brainstorming session for all participants on strategic indicators and coming up with new proposals.

Abu Dhabi Customs consolidates its leadership with qualitative achievements that enhance Abu Dhabi’s global position

Abu Dhabi Customs consolidates its leadership with qualitative achievements that enhance Abu Dhabi’s global position

Abu Dhabi Customs: November 2023

As part of its ongoing efforts to consolidate its global leadership among customs authorities and organizations, and achieve its strategic vision, which is based on investing in human development, stimulating innovation, and continuously enhancing and updating various customs services and fields, the General Administration of Abu Dhabi Customs has achieved qualitative accomplishments by receiving 14 international awards that support the economic visions of the Emirate of Abu Dhabi and the directives of its wise leadership that aim to elevate the UAE’s position to be the best country in the world by 2071.

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Investment Corporation of Dubai announces record Revenues, Net Profit, Assets and Equity.

Investment Corporation of Dubai announces record Revenues, Net Profit, Assets and Equity.

Record Net Profit for the 6-month period2023 of AED 28.3Billion.

Record Assets of AED 1.25Trillion.

Dubai – 23 November2023 – ICD announced today its consolidated financial results for the six-month period ended 30June 2023having generated record Revenues of AED 145.1 Billion and a record Net Profit of AED 28.3 Billion.

Revenues reached a record AED 145.1Billion, up20 percent with an increaseof AED 24.0 Billion compared to the prior year period, due to the significant rise in travel andtourism activities reflected in the Transportation and Other segments, and a jump in Banking & Financial Services revenues on higher interest ratesand strong lending growth. Overall, revenues increasedfaster than operational costs, boosting margins.

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National Bonds: 64% of Employees under 30 Maintain Emergency Fund ofalmost 40K AED

National Bonds: 64% of Employees under 30 Maintain Emergency Fund ofalmost 40K AED

Dubai, United Arab Emirates, 23November, 2023: National Bonds, the savings and investment company,has said today that 64% of employees under 30 years of age maintain an emergency fund ofaround 40K AED, with the majority being Emiratis living in Dubai.

National Bonds has also added that the reliance on sole source of income is still a concern for many people, particularly among women in their 40s.

This insight strongly aligns with National Bonds’ strategic objective of introducing new saving solutions that cater to different segments of the population. In line with the growing demand for such solutions, Second Salary plan has been thoughtfully crafted to offer people a tool to generate a supplementary income while securing people’s financial stability for the years ahead.

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SKIFT GLOBAL FORUM EAST 2023 RETURNS TO DUBAI

SKIFT GLOBAL FORUM EAST 2023 RETURNS TO DUBAI

  • Taking place from 12-14 December 2023 in Dubai, the second edition of the event will act as a hub for influential figures, including top CEOs, change makers, and innovators from prominent global travel brands such as Dubai Economy & Tourism, Dubai Airports,  Google, and many more

DUBAI, United Arab Emirates, 22 November 2023 — Skift Global Forum East 2023 (SGFE), the flagship conference of the business of travel industry, is set to bring together a diverse assembly of travel and tourism leaders from across the globe for the second edition of the event. Scheduled to take place from 12 to 14 December 2023 at the Atlantis The Royal, this two-day conference will will provide a platform for in-depth discussions on key innovations across marketing, strategy, and technology driving the trajectory of the travel industry.

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