Dubai Archives - AfricaBusiness.com

18Dec

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African News

Africa Carbon Markets Initiative (ACMI) Unveils Encouraging Progress to Drive Sustainable Development and Combat Climate Change in Africa

The Africa Carbon Markets Initiative (ACMI) is proud to unveil substantial progress and achievements made in 2023, underscoring its commitment to accelerating climate action, promoting sustainable development, and addressing the impacts of climate change in Africa. By sharing its progress, ACMI is doubling down on its support to African carbon markets, whilst also recognizing the incredible progres that global carbon markets have seen at COP28. 1. Comprehensive Carbon Market Activation Plans (CMAPs): ACMI has been actively collaborating with seven African countries, including Kenya, Mozambique, Nigeria, Malawi, DRC, Ghana, and Rwanda, to develop robust Carbon Market Activation Plans (CMAPs). These plans focus on formulating regulations and policies for both voluntary and compliance carbo...

22Nov

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Business

Free Zone Company Formation: Low cost Free Zones

By FreeZoneMarket.ae Overall, establishing a business in a free zone might seem pricier at first compared to a mainland setup, given the extra charges levied by free zone authorities, including license fees, visa fees, and registration fees. Nevertheless, free zones frequently provide inducements like tax exemptions, discounted office space, and additional benefits that could potentially balance out these initial costs over the long term. Top 3 Free Zones Company registration: Low-cost While there are advantages to operating a business in a Free Zone, it’s important to note that certain free zones may come with elevated associated costs. Nevertheless, there are also budget-friendly free zones in the UAE that offer economical choices for businesses seeking to establish a presence in th...

13Sep

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Business

IFZA – International Free Zone Authority: Company formations process

IFZA: International Free Zone Authority: Overview The International Free Zone Authority (IFZA), initially founded in Fujairah, is now migrated in Dubai Silicon Oasis area. When considering starting a business in Dubai, exploring IFZA and similar zones within the emirate is advisable. IFZA stands out as a highly competitive free zone for establishing Business and Dubai free zone company, offering cost-effective fees and transparent procedures for investors. IFZA presents a wide range of packages, catering to various needs, ranging from zero-visa companies to multiple visa options. INTERNATIONAL FREE ZONE AUTHORITY PROPOSED LICENSES There are several types of IFZA licenses: 1. Professional License: For companies providing consulting and different type of services. 2. Commercial Licen...

24Jan

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African News

2022 is likely to be a good year for the Gulf economies

Dubai is flourishing due to Expo 2020 Oil prices are still on the rise in 2022, which bodes well for several Gulf countries whose budgets still rely heavily on revenues from oil. Those countries’ economies took a hit when the price of oil plunged in 2020 due to the pandemic and lockdown measures. This year it seems that more optimism is warranted. The World Bank maintains its optimism The World Bank had been positive in 2021 about the economic recovery in GCC countries. Expectations were that those countries would achieve an average growth of 2.2%. Those numbers were quite promising when compared to the contraction of over 4% witnessed just a year earlier in 2020. Another good factor is that the gross output from non-oil activities is growing in the region, which means that those econom...

21Nov

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African News, Democratic Republic of the Congo

ANAPI and Dubai FDI sign a Memorandum of Understanding to promote the expansion of trade and investment between the DRC and the United Arab Emirates

DUBAI - On the sidelines of the participation of the Democratic Republic of Congo in the Expo 2020 Dubai, the National Investments Promotion Agency of the DRC (ANAPI), represented by its Director General, Mr. Anthony Nkinzo Kamole, and Dubai Investment Development Agency (Dubai FDI), represented by its Chief Executive Officer, His Excellency Mr. Fahad Al Gergawi, signed on October 14, 2021, in Dubai in the United Arab Emirates, a Memorandum of Understanding for collaboration between the two institutions. This agreement establishes the principles and the basis of an increased technical and commercial cooperation between ANAPI and Dubai FDI, and aims especially at the reinforcement of the economic links of business between the DRC and the United Arab Emirates, notably at the level of the pri...

15Nov

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Startups

AIM 2022 Launches Prizes for Startup Pitching Competition

The Annual Investment Meeting 2022 has announced prizes for Startups attending the pitching competition. The Annual Investment Meeting will serve as the premiere platform for Startups planning to scale up & expand to Dubai. The world’s renowned and leading investment platform, The Annual Investment Meeting, will be providing prizes for startups at the startup pitch competition. The initiative will support and bring numerous opportunities, facilitate growth and future developments among global startups. The next chapter of the Annual Investment Meeting will be held on 29 – 31 March 2022, under the theme “Investments in Sustainable Innovation for a Thriving Future”, and will provide a powerful platform for startups to maximize their potential, expand their network, and grow globall...

5Nov

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Egypt News

Sheikh Mohammed bin Zayed tours Egypt pavilion at Expo 2020 Dubai

His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, toured Egypt pavilion at Expo 2020 Dubai and expressed his admiration for the display and amazing content of the pavilion, especially the mixture of history and civilization, as well as the vision for the future. Bin Zayed watched the pharaonic real coffin and replicas, along with the shows of the modern initiatives recently launched by Egypt. Sheikh Mohammed bin Zayed was received by Ashraf Al Deep, Consul General of Egypt in Dubai and Ashraf Hamdy, Head of the Egyptian Commercial Office in Dubai. This important visit follows many other visits by high-level UAE officials to the Egypt pavilion, which showcases how strong are the Egyptian-UAE ties. For mo...

10Oct

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GITEX, Tech

Africa to take center stage at GITEX Global 2021 – Save the date to the exclusive B2B tech gathering

The countdown has begun. From October 17-21, over 100,000 B2B tech players, including industry leaders, key influencers, public-sector stakeholders, 4000 exhibitors, and government officials from Africa and every corner of the world, will converge at the biggest tech show of the year in Dubai to discover the latest innovations and connect with 400 high-level investors and potential strategic partners. Vision 2030 Africa This year, Africa’s digital transformation will be brought to the forefront of this unique five-day B2B tech gathering. The continent will take centre stage at the event with the Vision 2030 Africa conference. Ministers, Director Generals, and high-ranking officials will share exclusive insights on their country's digital transformation roadmaps. Throughout the event, ...

17Sep

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Startups

The Annual Investment Meeting Startup Pillar to Empower Startups Globally

The Annual Investment Meeting 2022 will focus on SMEs and Startups by offering funding and financing opportunities and strategies to maximize the growth potential of businesses. The world’s renowned and leading investment platform, The Annual Investment Meeting will be held on 29 – 31 March 2022, under the theme “Investments in Sustainable Innovation for a Thriving Future”, and will provide a powerful platform for SMEs and startups to maximize their potential, expand their network, and grow globally. The Annual Investment Meeting 2022 strives to support all economic sectors by opening numerous doors of opportunities to the world as a dynamic roadmap to recovery as it puts a spotlight on six multi-faceted pillars including Startups. With AIM’s pillars, AIM 2022 actively supports busi...

12Sep

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Africa Travel, Events

AHIC 2021 at a glance: a sneak peek at the sessions and speakers set for this year’s highly anticipated event

Hospitality investors, owners and operators will meet in Dubai from 20-22 September for the 17th edition of AHIC, returning to Madinat Jumeirah live in person The Arabian & African Hospitality Investment Conference (AHIC) returns to Madinat Jumeirah in Dubai live in person from 20-22 September 2021, bringing together four powerful, active investment communities from across the region. For the first time, AHIC 2021, organised by Bench and MEED, will house the four close-knit investment communities of the Arabian Hospitality Investment Conference (AHIC), Saudi Arabia Hospitality Investment Conference (SHIC), Africa Hotel Investment Forum (AHIF) and the Global Restaurant Investment Forum (GRIF) under one roof. United by the theme Rise Together, investors, owners, private equity firms, ...