Ministry of Economy and Tourism and Government Development Office launch the third edition of ‘Future100' initiative
H.E. Bin Touq said: 'Thanks to the directives of its wise leadership, the UAE has made significant strides in transitioning toward a future economy driven by knowledge and innovation. The country has adopted forward-looking strategies and initiatives to support the growth of innovative projects and encourage the adoption of modern technologies across vital economic sectors. The launch of the third edition of the 'Future100' initiative affirms the continued commitment to national efforts and collaboration in this regard. It aims to enhance the competitiveness of the entrepreneurial environment, solidifying the UAE's position as an attractive destination for future projects and a leading hub for creativity and innovation.'
His Excellency added: 'The initiative aims to provide all the opportunities and support that talents and entrepreneurial projects need to develop successful ideas and expand into new economy sectors. It facilitates effective dialogue with a broad network of investment funds and global investors. Additionally, it enables talents to stay informed about the latest practices and trends in financing mechanisms for small and medium enterprises.'
Her Excellency Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future, emphasized that the UAE continues to strengthen its position as a global platform for developing government work methodologies and shaping the future. This progress is driven by the vision of its proactive leadership and a comprehensive innovation ecosystem that nurtures talents and ideas, transforming them into pioneering economic solutions. She noted that empowering startups is key to the future development framework and ensuring full readiness to navigate global market shifts.
Her Excellency added that the 'Future100' list for the year 2025 goes beyond highlighting inspiring national success stories. It serves as a strategic tool to empower entrepreneurs who possess the passion and ability to drive change. This contributes to supporting efforts to diversify the economy while enhancing its flexibility and readiness for the future.
Now in its third edition, the initiative is accepting nominations from companies and projects operating in new economy sectors. These include advanced industries, agri-tech, biotechnology, creative industries, cybersecurity, edtech, food technology, fintech, health technology, HR technology, smart mobility, legal tech, property technology, renewable energy, space, and other fields related to sustainability and the environment.
The Future100 initiative continues to strengthen its ecosystem through strategic partnerships across multiple sectors. With 38 partners now on board, the program has built an impressive network spanning government entities, innovation funds, technology firms, financial and banking institutions, business accelerators and incubators, and venture capital funds. Key partners include strategic ally Majra-National CSR Fund; the business accelerator partners at Abu Dhabi Department of Economic Development; the Dubai Future District Fund; Emirates NBD; the Mohammed bin Rashid Innovation Fund; Investopia; Microsoft; MEVP; Careem; EY; Eurasia Capital; In5; Mohamed bin Zayed University of Artificial Intelligence; FTI Consulting; and the DIFC Innovation Hub.
Companies that make it to the 'Future100' list for 2025 will enjoy a range of competitive advantages. Beyond receiving the initiative's coveted brand recognition, selected companies will gain access to funding opportunities, market expansion support, specialized workforce development training programs, and a suite of services designed to accelerate growth. The program also offers exclusive participation in international trade missions, providing invaluable exposure to regional and global investor networks and capital markets.
Furthermore, past selected companies have made a remarkable impact on the economic landscape, participating in over 15 trade delegations to prestigious economic events both within the UAE and internationally. They have also received extensive coverage in leading local and international media. Since the initiative's launch, venture capital partners have invested nearly $100 million in more than 40 listed companies.
Launched in 2022 as a joint national initiative by the Ministry of Economy and Tourism and the Government Development and the Future Office, the 'Future100' initiative serves as a key platform for empowering selected projects, particularly those operating in future-oriented industries and new economy sectors. The initiative offers these companies opportunities to connect with investors and entrepreneurs, secure exclusive incentives and facilities, and strategic partnerships, strengthening their commercial success, business growth, accelerated digital transformation, innovation, and expansion into new markets.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
4 hours ago
- Arabian Business
The UAE is leading the fight for a cleaner gold market
When it comes to protecting the integrity of the global financial system, few nations pack a punch quite like the UAE. The country's influence stems from a rare combination of factors – it is a major hub for global trade and finance that remains deeply committed to multilateralism, international co-operation and the rules-based order. One sector where this leadership is especially visible is gold. In 2023, the UAE became the world's second-largest gold trading hub. This was achieved through leadership that balanced the importance of building a trusted regulatory framework for gold trading with the creation of a business-friendly environment. The Ministry of Economy and Tourism has developed robust regulations and compliance procedures that are in line with – and in some areas exceed – the highest international standards. Meanwhile, efforts by the Dubai Multi Commodities Centre have contributed significantly to the sector's trade growth. More than 1,500 gold and precious metals companies now operate from the emirate and collectively benefit from specialised industry infrastructure, products and services. Yet with scale comes responsibility. Gold is a high-value, low-volume, fungible commodity that is an attractive target for illicit use, including money laundering. The Financial Action Task Force has identified many of the risks associated with the gold sector – risks that have been echoed in the UAE's latest National Risk Assessment. This assessment calls on all public and private stakeholders to identify, understand and mitigate the risks involved in conducting their activities, in close collaboration with the authorities. Many gold-exporting countries have limited oversight of artisanal mining, where gold often functions as an informal currency. Globally, there is no consistent reporting standard, and regulatory regimes vary widely, creating gaps that criminals can exploit. UAE sets global gold trade benchmark The UAE has chosen not to step back but to set a new global benchmark for responsible trade in gold, aligning its framework with international best practices, including the OECD's Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. Since 2023, the UAE Ministry of Economy has required all gold refiners to conduct full supply chain due diligence in line with the OECD's guidelines and submit independently audited reports. In addition, many refineries have signed up to the UAE Good Delivery standard for accreditation, which includes further disclosure on a refinery's technical state, capacity and financial health. Traders must also report suspicious transactions to the UAE's Financial Intelligence Unit through the UN-developed goAML platform. Unlike other bullion centres, the UAE's framework is mandatory, not voluntary, setting a new global precedent. Crucially, it applies not only to UAE Good Delivery refiners but to all refiners operating in the UAE, regardless of Good Delivery accreditation. Compliant entities are rewarded with market access, while those that fall short face tougher conditions as buyers prioritise trusted partners. Those with serious failings face tough sanctions and enforcement, including closure orders. Gold traders in the UAE fall under the category of Designated Non-Financial Businesses and Professions, bringing them under Federal Decree Law No. 20 of 2018 on anti-money laundering and combating terrorism financing, in line with FATF standards. The Ministry of Economy and Tourism enforces strict supervision. Inspections were carried out on dealers in precious metals and stones, resulting in significant fines where companies were found non-compliant. In addition, between 2022 and 2024, the total number of seizures of gold and precious metals and stones from all points of entry increased by more than 70 per cent, illustrating how enforcement fights illicit flows. The UAE requires disclosure of portable gold, including its source and purpose of entry. This measure supports efforts to thwart illegal trading and promote responsible precious metals transactions. As part of its efforts to enhance integrity across the gold supply chain, the DMCC joined forces with the World Gold Council in 2022 to address the challenge of hand-carried gold linked to illicit trade. This partnership includes an annual training programme for the gold industry, engagement with bullion banks, the development of retail gold investment principles and the commissioning of consumer research to better understand market dynamics. Trade data discrepancies can also arise between exporting and importing countries. While these often occur due to a number of understandable factors, such as time lags created by customs processing procedures, the rerouting of a commodity while in transit, or the impact of long-term warehousing, they nonetheless create challenges when monitoring illicit flows. The UAE, however, reports its gold imports comprehensively and on time, including to international databases, aligning with OECD expectations for transparent mineral supply chains. What this means is that there are cross-border challenges at stake that call for shared international responsibility and require renewed and constant commitments by all concerned countries. The UAE is working closely with the World Gold Council and other partners on several initiatives to strengthen the integrity of the gold market. This includes the development of an anti-money laundering training programme for the sector and running trade workshops with key industry bodies including the Dubai Jewellery Group and the DMCC. Work has also begun on a review of rules regarding hand-carried gold and rules to strengthen border enforcement. We are also exploring innovative technology, from chemical 'fingerprinting' to verify declared provenance, to mobile refining units for artisanal and small-scale miners. These measures reduce environmental damage, enhance traceability and help channel gold to legitimate buyers, including central banks, all in line with OECD-aligned responsible sourcing frameworks. The bottom line is this: the UAE is not just trading gold, it is shaping the future of the gold industry, working transparently, responsibly and through international co-operation with other global standard-setters.
Web Release
5 hours ago
- Web Release
MBRF showcases Bil Arabi initiative at 10th Istanbul International Arabic Book Fair
The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) is participating in the 10th edition of the Istanbul International Arabic Book Fair, held under the theme 'Arabic Lives On.' The event runs from 9 to 17 August 2025, at the Yenikap? Exhibition Center in Istanbul, Turkey. MBRF's participation aligns with its constant efforts to expand its regional and international presence at leading knowledge forums, while highlighting its renowned and innovative projects, especially the Bil Arabi initiative. This flagship initiative seeks to enhance the global position of the Arabic language, boost its usage across social media platforms, and reinforce its role as a catalyst for knowledge and innovation. Furthermore, the initiative offers specialized resources for Arabic language education, particularly for non-native speakers, positioning the language as a cultural and knowledge bridge connecting generations with their rich civilization and heritage. His Excellency Jamal bin Huwaireb, CEO of MBRF, said: 'Our participation in the Istanbul International Arabic Book Fair highlights our commitment to attending international knowledge forums annually to promote our initiatives and projects. This contributes to seamless knowledge sharing and supports the sustainable development of communities. At MBRF, we strive to build global platforms for intellectual and knowledge exchange, enabling audiences to discover pioneering literary and scientific works while encouraging dialogue between thought leaders and creative minds from around the world.' H.E. added: 'Through this participation, we aim to reinforce Arab identity and linguistic belonging by highlighting the values of the Arabic language among its speakers and showcasing its beauty through initiatives that improve linguistic research and translate global works into Arabic. These efforts broaden horizons for Arab youth and reaffirm our commitment to supporting the Arabic language and driving innovation in Arabic digital content through impactful partnerships with institutions and organizations participating in the exhibition.' During the event, MBRF's pavilion will also host meetings with entities and key stakeholders concerned with the Arabic language promotion, alongside knowledge-focused activities with its strategic partner, the Istanbul Academy. These efforts provide opportunities for greater collaboration and exchange of expertise to boost knowledge dissemination. The Istanbul International Arabic Book Fair convenes around 300 publishers from over 20 countries, along with various universities, schools, and civil society organizations. It is regarded as the premier cultural and intellectual gathering for the Arab community in Turkey and serves as the largest Arabic book fair outside the Arab world, endorsed by the Arab Publishers' Association.
Web Release
a day ago
- Web Release
Ministry of Economy and Tourism and Government Development Office launch the third edition of ‘Future100' initiative
The Ministry of Economy and Tourism and The Government Development and the Future Office announced the launch of the third edition of the 'Future100' initiative, in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism; and H.E. Ohood Al Roumi, Minister of State for Government Development and the Future. The latest edition will, for the year 2025, honor the 100 fastest-growing and most innovative companies and projects in the new economy sectors, either headquartered in the UAE or conducting operations from it. To qualify for the list, these companies must successfully pass the evaluation process and meet the required conditions and standards. Applications are currently open through the initiative's website and will close next October. H.E. Bin Touq said: 'Thanks to the directives of its wise leadership, the UAE has made significant strides in transitioning toward a future economy driven by knowledge and innovation. The country has adopted forward-looking strategies and initiatives to support the growth of innovative projects and encourage the adoption of modern technologies across vital economic sectors. The launch of the third edition of the 'Future100' initiative affirms the continued commitment to national efforts and collaboration in this regard. It aims to enhance the competitiveness of the entrepreneurial environment, solidifying the UAE's position as an attractive destination for future projects and a leading hub for creativity and innovation.' His Excellency added: 'The initiative aims to provide all the opportunities and support that talents and entrepreneurial projects need to develop successful ideas and expand into new economy sectors. It facilitates effective dialogue with a broad network of investment funds and global investors. Additionally, it enables talents to stay informed about the latest practices and trends in financing mechanisms for small and medium enterprises.' Her Excellency Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future, emphasized that the UAE continues to strengthen its position as a global platform for developing government work methodologies and shaping the future. This progress is driven by the vision of its proactive leadership and a comprehensive innovation ecosystem that nurtures talents and ideas, transforming them into pioneering economic solutions. She noted that empowering startups is key to the future development framework and ensuring full readiness to navigate global market shifts. Her Excellency added that the 'Future100' list for the year 2025 goes beyond highlighting inspiring national success stories. It serves as a strategic tool to empower entrepreneurs who possess the passion and ability to drive change. This contributes to supporting efforts to diversify the economy while enhancing its flexibility and readiness for the future. Now in its third edition, the initiative is accepting nominations from companies and projects operating in new economy sectors. These include advanced industries, agri-tech, biotechnology, creative industries, cybersecurity, edtech, food technology, fintech, health technology, HR technology, smart mobility, legal tech, property technology, renewable energy, space, and other fields related to sustainability and the environment. The Future100 initiative continues to strengthen its ecosystem through strategic partnerships across multiple sectors. With 38 partners now on board, the program has built an impressive network spanning government entities, innovation funds, technology firms, financial and banking institutions, business accelerators and incubators, and venture capital funds. Key partners include strategic ally Majra-National CSR Fund; the business accelerator partners at Abu Dhabi Department of Economic Development; the Dubai Future District Fund; Emirates NBD; the Mohammed bin Rashid Innovation Fund; Investopia; Microsoft; MEVP; Careem; EY; Eurasia Capital; In5; Mohamed bin Zayed University of Artificial Intelligence; FTI Consulting; and the DIFC Innovation Hub. Companies that make it to the 'Future100' list for 2025 will enjoy a range of competitive advantages. Beyond receiving the initiative's coveted brand recognition, selected companies will gain access to funding opportunities, market expansion support, specialized workforce development training programs, and a suite of services designed to accelerate growth. The program also offers exclusive participation in international trade missions, providing invaluable exposure to regional and global investor networks and capital markets. Furthermore, past selected companies have made a remarkable impact on the economic landscape, participating in over 15 trade delegations to prestigious economic events both within the UAE and internationally. They have also received extensive coverage in leading local and international media. Since the initiative's launch, venture capital partners have invested nearly $100 million in more than 40 listed companies. Launched in 2022 as a joint national initiative by the Ministry of Economy and Tourism and the Government Development and the Future Office, the 'Future100' initiative serves as a key platform for empowering selected projects, particularly those operating in future-oriented industries and new economy sectors. The initiative offers these companies opportunities to connect with investors and entrepreneurs, secure exclusive incentives and facilities, and strategic partnerships, strengthening their commercial success, business growth, accelerated digital transformation, innovation, and expansion into new markets.
