Raja Al Mazrouei speaks during the event in Dubai.
Dubai has risen in the ranks of the Global Financial Centres Index, GFCI, to the eighth position, representing its highest ever-ranking.
The Dubai International Financial Centre, DIFC, announced a record growth in 2019, registering an addition of 493 new businesses for the year. The total number of firms in the Centre reached 2,437, up 14 per cent from 2018, with a total of 32 per cent growth since 2017.
To support the Dubai Free Zones Council economic stimulus package, Dubai International Financial Centre (DIFC) proposes implementing five initiatives over the next three months.
The non-oil trade between the UAE and China increased by 78.5 per cent from 2012 to 2021, totalling Dhs223.5 billion by the end of 2021 compared to Dhs125.1 billion in 2012.
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (Dewa), saw a large turnout of visitors in its 24th edition.
Tesla CEO Elon Musk said the electric vehicle maker’s eagerly anticipated humanoid robot ‘Optimus’ would cost under $20,000 and cautioned it still had way to go before becoming fully functional.