Latest news with #AlZaabi
Gulf Today
3 days ago
- Business
- Gulf Today
RAK charity and DIB to settle rent arrears worth Dhs520,000 for 97 families
With support from Dubai Islamic Bank (DIB), the Ras Al Khaimah Charity Association launched a humanitarian initiative to support families struggling to pay rent arrears due on their rented homes to real estate agents and landlords. The initiative aims to enhance the financial and social stability of insolvent families and alleviate the burden they face in meeting their financial obligations. According to Abdul Aziz Al Zaabi, Chairman of the Board of Directors of the Ras Al Khaimah Charity Association, the initiative targets 97 low-income families at a total cost of Dhs520,000. The association will begin implementing the initiative in the coming days to avoid potential legal action related to rent arrears, which could negatively impact the lives of individuals and families, he said. Al Zaabi explained that the housing support initiative falls within the framework of the association's commitment to assisting needy families and alleviating their financial burdens, thus consolidating family stability for their members. The initiative represents an important qualitative step towards promoting the values of solidarity within the Emirati society in line with the association's vision, mission and objectives, which aim to deepen the concept of charitable work among members of society, he said. The association is continuing to exert efforts to expand the scope of humanitarian initiatives aimed at assisting more needy families in the community, he added. The initiative coincides with the approaching Eid Al Adha to bring joy to the hearts of those with limited income. Meanwhile, Al Zaabi expressed his thanks and appreciation to Dubai Islamic Bank for its continued support of the association's humanitarian projects and initiatives.
Sharjah 24
22-05-2025
- General
- Sharjah 24
Sharjah Sustainability Award marks end of 13th edition
Wide Participation Across the UAE Al Zaabi confirmed the participation of a large number of universities, schools, and institutions from various emirates of the country. Awards were granted to 3 institutions, 13 schools, and 14 university projects. Appreciation and Aspirations for the Future She extended her thanks to all participants and the judging panel for their efforts, expressing her best wishes for their continued success and excellence in contributing to a more sustainable future.
Gulf Today
19-05-2025
- Business
- Gulf Today
Abu Dhabi's industrial GDP up 23% to Dhs111.6 billion in 2024
The Abu Dhabi Industrial Strategy (ADIS) is supercharging the manufacturing sector and accelerating the economic diversification in the emirate. Since ADIS's launch in June 2022, the industrial GDP in Abu Dhabi grew 23 per cent from Dhs90.8 billion in 2022 to Dhs111.6 billion in 2024, and number of industrial enterprises rise 19.4 per cent from 925 to 1,104, said Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED). Participating in a panel discussion on the opening day of the 4th session of 'Make it in the Emirates', Al Zaabi highlighted the initiatives and programmes of the UAE and Abu Dhabi aimed at fostering an investment climate that accelerates industrial growth and unlocks long-term economic resilience. Al Zaabi added, 'The UAE has developed a robust ecosystem that attracts and empowers global talents and high-quality investments as reflected in the significant growth of FDIs in various sectors, including the industrial sector. He added that the UAE's industrial strategy has established the right frameworks to stimulate the industrial sector with a strong focus on enhancing resilience to address emerging trends, challenges, and rapid changes through various programmes including talent development, financing, ease of doing business, supply chains, ICV, sustainability, Industry 4.0, and attraction of foreign direct investments. 'We work closely with the Ministry of Industry and Advanced Technology (MoIAT) to contribute to 'Operation 300bn' aiming to raise the industrial sector GDP to AED300 billion by 2031 and align with the UAE's Net Zero 2050 Strategy,' he said. Al Zaabi explained that Abu Dhabi's manufacturing sector increased its contribution to 53 per cent of UAE's industrial GDP, which rose 6.6 per cent to AED210 billion in 2024. This is compared to a contribution of 51.3 per cent to the country's industrial sector in 2023 and 46 per cent in 2022. 'A key component of our soaring 'Falcon Economy', ADIS is strengthening Abu Dhabi's position as the region's most competitive industrial hub. It is guiding the manufacturing sector's transition to Industry 4.0 and the adoption of smart manufacturing's methods, techniques, and approaches,' he stated. Last year, Abu Dhabi's manufacturing sector remained the largest non-oil contributor to the emirate's GDP, accounting for 9.5 per cent of total GDP and 17.3 per cent of non-oil GDP. In Q1 of 2025, the industrial sector continued its growth with the number of new industrial licences rising 4.7 per cent t to 89 compared to 85 new licences in the corresponding period last year. The number of industrial licences moved from under-construction to production stage surged by 65 per cent to 33 compared to 20 in Q1 of 2024. Abu Dhabi's Falcon Economy is rapidly emerging as a global centre of advanced industries and technologies, building world-class hubs for finance, advanced manufacturing, AI, and New Energy. As part of its initiatives to capitalise on advanced technologies to address pressing needs and future-proof the economy, Abu Dhabi has been launching sector-specific clusters, including the Smart and Autonomous Vehicles Industries (SAVI), AgriFood Growth & Water Abundance (AGWA), and Health, Endurance, Longevity, and Medicine (HELM). Meanwhile the Statistics Centre - Abu Dhabi (SCAD) has released preliminary statistical estimates for Abu Dhabi's Gross Domestic Product (GDP) for 2024 in March, showing significant annual economic growth driven by the thriving non-oil sector. The 2024 GDP data highlights Abu Dhabi's sustained economic momentum, with total GDP and non-oil GDP reaching record values for the third consecutive year. The emirate's real GDP expanded by 3.8 per cent in 2024 compared to 2023, reaching an all-time high value of Dhs1.2 trillion, driven by the non-oil economy which recorded a strong growth rate of 6.2 per cent, marking its highest-ever annual contribution of 54.7 per cent to total GDP. This underscores Abu Dhabi's continued success in implementing economic diversification strategies and fostering sustainable, long-term growth. The non-oil sector remained the primary driver of economic momentum, with total non-oil GDP added value reaching Dhs644.3 billion, setting a record for the third consecutive year. Key sectors including manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, education, and health, achieved their highest-ever values, reflecting the emirate's commitment to industrial development, infrastructure investment, and human capital enhancement. Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said, 'The consistent, remarkable performance of the Falcon Economy in the past years is a testament to Abu Dhabi's forward-thinking economic strategies, progressive policies, and proactive responses to an evolving global landscape.' Since Abu Dhabi Industrial Strategy's launch in June 2022, number of industrial enterprises rise 19.4 per cent from 925 to 1,104
Al Etihad
19-05-2025
- Business
- Al Etihad
Abu Dhabi Industrial Strategy drives 23% sector growth, industrial enterprises up 19.4%
19 May 2025 12:50 ABU DHABI (WAM)The Abu Dhabi Industrial Strategy (ADIS) is supercharging the manufacturing sector, and accelerating the economic diversification in the ADIS's launch in June 2022, the industrial GDP in Abu Dhabi has grown 23 percent, from Dh90.8 billion in 2022 to Dh111.6 billion in 2024, and the number of industrial enterprises has rised 19.4 percent from 925 to 1,104, said Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED).Participating in a panel discussion on the opening day of the 4th session of Make it in the Emirates, Al Zaabi highlighted the initiatives and programmes of the UAE and Abu Dhabi aimed at fostering an investment climate that accelerates industrial growth, and unlocks long-term economic Zaabi said, "The UAE has developed a robust ecosystem that attracts and empowers global talents and high-quality investments, as reflected in the significant growth of FDIs in various sectors, including the industrial sector."He added that the UAE's industrial strategy has established the right frameworks to stimulate the industrial sector, with a strong focus on enhancing resilience to address emerging trends, challenges, and rapid changes through various programmes, including talent development, financing, ease of doing business, supply chains, ICV, sustainability, Industry 4.0, and attraction of foreign direct investment (FDI). "We work closely with the Ministry of Industry and Advanced Technology (MoIAT) to contribute to 'Operation 300bn', aiming to raise the industrial sector GDP to Dh300 billion by 2031, and align with the UAE's Net Zero 2050 Strategy," he said. Al Zaabi explained that Abu Dhabi's manufacturing sector increased its contribution to 53 percent of UAE's industrial GDP, with a 6.6 percent rise to Dh210 billion in 2024. This is in comparison to a 51.3 percent contribution to the country's industrial sector in 2023, and 46 percent in 2022.'A key component of our soaring 'Falcon Economy', ADIS is strengthening Abu Dhabi's position as the region's most competitive industrial hub. It is guiding the manufacturing sector's transition to Industry 4.0 and the adoption of smart manufacturing's methods, techniques, and approaches,' he 2024, Abu Dhabi's manufacturing sector remained the largest non-oil contributor to the emirate's GDP, accounting for 9.5 percent of total GDP, and 17.3 percent of non-oil Q1-2025, the industrial sector continued its growth, with the number of new industrial licences rising 4.7 percent to 89 licences, compared to 85 new licences in the corresponding period last year. The number of industrial licences moved from under-construction to production stage surged by 65 percent to 33, compared to 20 in Dhabi's Falcon Economy is rapidly emerging as a global centre of advanced industries and technologies, building world-class hubs for finance, advanced manufacturing, AI, and New Energy. As part of its initiatives to capitalise on advanced technologies to address pressing needs and future-proof the economy, Abu Dhabi has been launching sector-specific clusters, including Smart and Autonomous Vehicles Industry (SAVI), AgriFood Growth & Water Abundance (AGWA), and Health, Endurance, Longevity, and Medicine (HELM).
Al Etihad
06-05-2025
- Business
- Al Etihad
Abu Dhabi's economic delegation to Japan explores new avenues to strengthen partnerships
6 May 2025 17:06 ABU DHABI (WAM)As part of Abu Dhabi's ongoing efforts to enhance ties with leading global economies, the Abu Dhabi Department of Economic Development's (ADDED) economic delegation to Japan is exploring new avenues to enhance cooperation in various industries and high-growth delegation is organised in partnership with the UAE Embassy in Tokyo, reflecting a unified national effort to deepen economic and investment ties between the two high-level delegation comprises senior officials and executives from both the government and private sectors, including the Department of Culture and Tourism – Abu Dhabi, Abu Dhabi Securities Exchange (ADX), ADGM, Abu Dhabi Investment Office (ADIO), Abu Dhabi Customs, Khalifa Fund for Enterprise Development, Abu Dhabi Chamber of Commerce and Industry (ADCCI), ADNOC, KEZAD, Hub71, Abu Dhabi Airports, and major companies from different Jasim Al Zaabi, Chairman of ADDED, said, "Abu Dhabi's soaring 'Falcon Economy' is solidifying the emirate's status as a rising economic powerhouse and a premier destination for global talent, high-value investments, and world-class enterprises. As part of initiatives to future-proof the economy, we are strengthening partnerships with leading economies and top trading partners around the globe, as well as investing in advanced industries, R&D, and entrepreneurship."Al Zaabi added, "Japan has been a key partner of Abu Dhabi and the UAE for more than six decades, as evidenced by the steady growth of bilateral trade and mutual investments. Our trade with Japan grew at a compound annual growth rate (CAGR) of 11.9 percent in the last five years. Over the same period, the UAE's non-oil exports to Japan increased at a CAGR of 8.8 percent, and imports rose at a CAGR of 12.2 percent.""Additionally, our investments in Japan have more than doubled over the past five years, and our country attracted over 80% of Japanese investments in the Middle East. This visit is a testament to our commitment to take this partnership to new heights, with plans to deepen cooperation in clean energy, hydrogen, AI, life sciences, and next-generation technologies to shape a sustainable future," he trade and mutual investments are poised to further increase with the signing of the UAE-Japan Comprehensive Economic Partnership Agreement (CEPA), expected to be finalised later this year. The agreement is set to unlock opportunities in various sectors, fostering the exchange of expertise and technology and opening new markets for both Japanese and UAE delegation will visit and participate in key events in Japan, including Expo 2025 Osaka and SusHi Tech – Tokyo, and the 11th Abu Dhabi Japan Economic Council (ADJEC) meeting. The delegation will also organise the Abu Dhabi Investment Forum (ADIF) and Abu Dhabi-Tokyo Business Forum, which aim to enhance cooperation and attract talent, business, and investment to Abu Ahmed Al Faheem, Ambassador of the UAE to Japan, said, "This visit reflects the deep-rooted and forward-looking partnership between Abu Dhabi and Japan. Japan's expertise in digital transformation, technology, sustainable mobility, and industrial automation complements Abu Dhabi's strategic sectors and our shared vision for a knowledge-based, net-zero future.""We are on the cusp of a new era of bilateral cooperation, enabled by frameworks such as the forthcoming Comprehensive Economic Partnership Agreement (CEPA), which will unlock greater market access and enhance investment flows between the two countries. The UAE Embassy in Tokyo is proud to support this delegation, and we look forward to deepening our engagement with Japanese partners to drive long-term sustainable growth," Al Faheem its establishment in 2011, ADJEC, co-chaired by ADDED and the Japan Cooperation Centre for the Middle East (JCCME), has been driving bilateral cooperation across various industries. JCCME member companies operating in Abu Dhabi have a total capital value of Dh106 billion, and are active in a range of sectors, including oil and gas, contracting, retail, consulting, education, and heavy machinery its success in London, Beijing and Shanghai, the Abu Dhabi Investment Forum (ADIF) will make its Japan debut in Tokyo on May 9, 2025. Organised by the Abu Dhabi Investment Office (ADIO) and ADGM, ADIF provides a platform for top CEOs, business leaders, and investors to explore strategic partnerships and investment opportunities with one of MENA's fastest-growing event will include keynote speeches, panel discussions, and high-level engagements with Japanese government officials and corporate leaders, with a focus on Abu Dhabi's economic clusters, including the Smart and Autonomous Vehicles Industries (SAVI) cluster, AgriFood Growth and Water Abundance (AGWA) cluster, and recently launched Health, Endurance, Longevity, and Medicine (HELM) cluster. The Abu Dhabi Chamber of Commerce and Industry ADCCI, in cooperation with ADGM and ADIO, will organise the Abu Dhabi-Japan Business Connect forum on May 8, 2025. This unique forum is a high-level gathering of business leaders and officials, designed to bring together representatives from both Abu Dhabi and Tokyo, to enhance international partnerships and explore global investment opportunities. The high-profile forum aims to strengthen economic relations and international partnerships between Abu Dhabi and Japan.
