Latest news with #AhmedbinSulayem
Hi Dubai
3 days ago
- Business
- Hi Dubai
PCFC Signs MoU with Ghana to Develop First Economic Zone and Digital Incubator in Accra
The Ports, Customs and Free Zone Corporation (PCFC) of Dubai has signed a landmark agreement with the Government of Ghana to establish the country's first economic zone and digital incubator in Accra, marking a major step in positioning Ghana as a regional tech hub. The Memorandum of Understanding was signed by H.E. Sultan Ahmed bin Sulayem, Chairman of PCFC, and Hon. Samuel Nartey George, Ghana's Minister for Communication, Digital Technology and Innovation. The deal grants PCFC a 25 square kilometer area in Accra to develop and operate the zone. The initiative aims to accelerate digital transformation in West Africa by attracting global technology companies, enhancing digital infrastructure, and supporting investment and innovation across the region. 'This project reflects Dubai's commitment to global collaboration and sharing its model of innovation-led development,' said bin Sulayem. He emphasized PCFC's role in promoting sustainable growth, technology advancement, and knowledge-based economies worldwide. Ghana's Minister Samuel Nartey George noted that the economic zone aligns with the country's broader digital agenda. 'It will play a pivotal role in attracting international businesses and talent, placing Accra on the map as a prime destination for tech investment.' Joint teams from both countries, including experts in AI and investment, will oversee the project. The zone is expected to empower local businesses, drive job creation, and boost regional economic connectivity. The agreement marks a strategic milestone in UAE-Ghana relations and underscores a shared commitment to digital innovation and inclusive growth across Africa. News Source: Dubai Media Office
Hi Dubai
28-05-2025
- Business
- Hi Dubai
DGCX Joins AFCM Business Development Committee to Advance Regional Markets
The Dubai Gold and Commodities Exchange (DGCX) has been appointed to the Arab Federation of Capital Market's (AFCM) Business Development Committee, marking a strategic step in enhancing its role within the region's financial ecosystem. The appointment highlights DGCX's expertise in regulatory oversight, risk management, and product innovation, reinforcing its status as a key player in Middle East derivatives trading and financial market infrastructure. Founded in 1978, the AFCM represents Arab stock exchanges and works to unify market practices and foster collaboration across the region. The Business Development Committee plays a central role in this mission by coordinating operational rules, proposing regulatory reforms, and crafting strategies to increase market activity and liquidity. As a committee member, DGCX will also support initiatives aimed at developing brokerage and exchange businesses, sharing knowledge across markets, and engaging industry experts to strengthen market frameworks. Ahmed bin Sulayem, Chairman and CEO of DGCX, said the appointment affirms Dubai's growing influence in global finance and commodities. 'This recognition not only reinforces our commitment to advancing capital markets across the Arab world but also strengthens Dubai's position as a leading global centre for commodities and financial services,' he said. DGCX is already active within the AFCM, currently serving on its Audit & Governance Committee and participating in the federation's annual conference in Tunisia. Its new role further underscores its dedication to regional cooperation and capital market growth. News Source: Emirates News Agency
Hi Dubai
22-05-2025
- Business
- Hi Dubai
DMCC Records 13% Surge in Singaporean Businesses Joining its Dubai District
Dubai Multi Commodities Centre (DMCC) has reported a 13 percent rise in Singaporean companies joining its international business district over the past year, underscoring growing economic ties between the UAE and Singapore. The announcement came during DMCC's first-ever roadshow in Singapore, where executives engaged with more than 100 business leaders to promote Dubai as a global hub for expansion. DMCC now hosts over half of all Singaporean firms operating in the UAE, with nearly 400 companies based in its district. To further support this growth, DMCC signed a partnership with Hawksford, a global business services provider, aimed at streamlining the setup process for new entrants. Hawksford will offer advisory, registration, tax, and accounting services to facilitate a smooth transition for Singaporean firms entering the Dubai market. 'Singapore represents a key strategic market for us,' said Ahmed bin Sulayem, Executive Chairman and CEO of DMCC. 'Our first in-person Made For Trade Live event in Singapore reflects the accelerating cooperation between our nations.' Bilateral trade between the UAE and Singapore reached US$18.7 billion last year, highlighting the strength of their economic relationship. With growing demand from sectors like technology, commodities, and trade, Dubai is positioning itself as a preferred base for Southeast Asian businesses seeking international scale. Tommaso Barindelli, Head of Business Development at Hawksford Dubai, called the partnership 'a valuable opportunity' for clients looking to expand globally. DMCC is currently home to more than 25,000 companies from 180 countries and contributes 15 percent to Dubai's annual foreign direct investment inflows and 7 percent to its GDP. News Source: Emirates News Agency
Emirates 24/7
01-05-2025
- Business
- Emirates 24/7
PCFC Launches 'Digital Zero Four' to Drive Global Technological Innovation in the Logistics Sector
In a strategic move marking a major shift in innovation and smart technology, the Ports, Customs and Free Zone Corporation (PCFC) officially announced the launch of 'Digital Zero Four' the first national company specializing in smart transformation of commercial operations and the development of digital solutions that support global economic growth. On this occasion, H.E. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation, emphasized that the establishment of the company and its launch from Dubai—widely recognized as the leading hub for innovation and smart technology solutions and the global capital of trade and economy—reaffirms the Corporation's commitment to cementing Dubai's status as a world center for technology, smart systems, and logistics and trade operations. He noted that Digital 04mwill serve as a digital gateway for the most advanced smart solutions in global business, trade, and logistics services, including ports and maritime transport. Bin Sulayem stated, 'Today, with the launch of Digital 04, we are proud to lead global technological innovation and export our pioneering services in the port sector—developed through innovative use of technology and digital services—to the world. Our aim is to make Dubai a model city for managing logistics services using the best technologies developed by our national talents specialized in technology and artificial intelligence'. He added that the launch of Digital Zero Four is a result of the Corporation's artificial intelligence strategy and aligns with the goals of the Dubai Economic Agenda D33, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. It embodies Dubai's forward-looking vision by investing in human capital and advanced technology, leveraging the emirate's world-class infrastructure, and strengthening its position as one of the most business-friendly environments for both national and international investments. H.E. Nasser Al Neyadi, CEO of the Ports, Customs and Free Zone Corporation, stated: 'We are proud to launch Digital Zero Four as a commercial front for our technological excellence in the logistics sector. Our national team has developed AI-powered solutions that are transforming multiple industries. Through this new arm, we aim to export innovation to global markets and further boost Dubai's position as a global center for smart technologies and digital transformation'. Al Neyadi explained that Digital Zero Four focuses on providing AI-backed services and solutions that enhance efficiency and institutional growth across key sectors, including commercial licensing, civil engineering, port security, maritime operations, and advanced customs solutions. The company will be managed by the PCFC's Technology and Digital Transformation sector, ensuring a blend of institutional expertise and advanced digital innovation. Follow Emirates 24|7 on Google News.
Hi Dubai
30-04-2025
- Business
- Hi Dubai
Digital Zero Four Launches to Drive Global Smart Transformation from Dubai
Dubai has officially launched Digital Zero Four, the UAE's first national company dedicated to smart transformation in commercial operations, marking a significant leap in the country's digital innovation strategy. The initiative, spearheaded by the Ports, Customs and Free Zone Corporation (PCFC), aims to position Dubai at the forefront of global trade and logistics technology. Announced by H.E. Sultan Ahmed bin Sulayem, Chairman of the PCFC, the launch aligns with the Dubai Economic Agenda D33 and reflects the emirate's ambitions to lead in AI-powered solutions and smart systems. 'Digital Zero Four will be our gateway to exporting cutting-edge smart technologies and services to global markets,' said bin Sulayem. He emphasized Dubai's growing role as a model city for digital innovation, powered by local talent and world-class infrastructure. The company will focus on AI-driven services across commercial licensing, port security, maritime operations, civil engineering, and advanced customs solutions. It will operate under the PCFC's Technology and Digital Transformation sector to integrate institutional expertise with smart innovation. H.E. Nasser Al Neyadi, CEO of the PCFC, highlighted the company's role as a commercial platform for showcasing national digital capabilities. 'We're not just creating solutions for Dubai—we're creating solutions for the world,' he said. The launch of Digital Zero Four reflects Dubai's ongoing investment in future-ready technologies and reinforces its status as a global hub for innovation, trade, and economic development. News Source: Dubai Media Office
