Latest news with #HamdanBinMohammed
Zawya
12 hours ago
- Business
- Zawya
Hamdan bin Mohammed visits world's largest diamond tender facility at DMCC
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, visited the Dubai Multi-Commodities Centre (DMCC), taking in a first-hand tour of the Dubai Diamond Exchange (DDE), the largest diamond tender facility in the world. The visit coincided with a defining moment for the UAE's diamond industry, as DMCC recently announced the milestone of over 1 billion carats of rough and polished diamonds traded over the past five years – reinforcing its position as the dominant force in global diamond trade. H.H. Sheikh Hamdan, accompanied during the visit by Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, was welcomed by Dr. Hamad Buamim, Chairman of the Board of DMCC; Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC; and Feryal Ahmadi, DMCC's Deputy Chief Executive Officer and Chief Operating Officer. Sheikh Hamdan visited the Dubai Diamond Exchange tender floors, where he was apprised about the trade practices in place for rough and polished diamonds, coloured gemstones and lab-grown stones. He also received briefings on DMCC's comprehensive diamond ecosystem, including the strategic expansion of the Gemological Institute of America (GIA) into DMCC's new district, Uptown Dubai. Sheikh Hamdan said, 'The visit provided the opportunity to see first-hand how DMCC continues to play a central role in driving global trade and investment flows to Dubai, positioning the emirate as a world-class business hub. As we advance our economic diversification journey under the Dubai Economic Agenda D33, DMCC is leading the way in building high-performance, globally connected ecosystems that attract innovation, talent and capital across priority sectors.' H.H. Sheikh Hamdan was also updated on the regulatory, policy and infrastructure advancements that have propelled the UAE to become the leading hub for rough diamond trade worldwide. The accelerated growth of the UAE in polished and lab-grown segments – combined with its leadership role as both Chair and Custodian Chair of the Kimberley Process – has positioned Dubai as a future-ready, innovative, responsible and globally trusted centre of excellence for the diamond industry. In parallel to the visit, DMCC unveiled the Strategy 2033 – a bold new vision that places its specialised industry ecosystems at the heart of its growth for the coming decade. From world-leading hubs in diamonds, gold, and energy, to future-focused platforms for AI, Web3, blockchain, and gaming, DMCC's strategy is designed to accelerate the growth of key global sectors through value-add services including tailored licensing, infrastructure, and access to capital and industry expertise. The strategy builds on a model that has firmly established DMCC as one of the world's leading and fastest-growing free zones. With momentum accelerating across its entire ecosystem, DMCC is on track to exceed 26,000 member companies by year-end. DMCC's success lies in the consistent expansion of both legacy and frontier sectors. Over the past five years, the precious stones ecosystem has surged by 177%, precious metals by 74%, and energy by 72%, while the coffee and tea trade continues to show resilient growth. Meanwhile, DMCC's newer technology ecosystems have scaled rapidly, mirroring Dubai's ascent as a global centre for innovation. This has coincided with a period of sustained growth for DMCC, which now accounts for 15% of Dubai's foreign direct investment and 7% of its GDP. Sheikh Hamdan's visit also highlighted the wider transformation of the Jumeirah Lakes Towers (JLT) and Uptown districts into thriving business and lifestyle destinations – underscoring the role of DMCC in shaping the urban and economic landscape of Dubai. Today DMCC is home to over 25,000 companies and, in recent years, has seen exponential growth from companies in new industries such as Web3, Crypto, Gaming and AI. The visit concluded with H.H. Sheikh Hamdan being presented with a deluxe edition of DMCC's 2024 Future of Trade report, which explores the shifting dynamics of international commerce and forecasts key trends shaping global markets. Dr. Hamad Buamim, Chairman of the Board, DMCC, said, 'It was an honour to welcome H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC and the Dubai Diamond Exchange today. This visit is a powerful endorsement of DMCC's role, not only in positioning the UAE as the global leader in diamond trade, but also in advancing Dubai's position as a centre of excellence across a wide range of future-focused industries. "Through long-term investment, bold policy frameworks and a commitment to international partnerships, DMCC has built an ecosystem that enables growth across commodities, technology, services and innovation. As Dubai accelerates the goals of D33, our integrated model will continue to be central to attracting global business and reinforcing Dubai as a leading hub for international trade.' Ahmed Bin Sulayem said, 'It was a privilege to welcome H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC at this historic moment for our diamond industry. As we continue to scale our impact through our world-class districts of JLT and Uptown Dubai, attract global institutions, and lead industry dialogues across sectors, DMCC is shaping the future of trade from the heart of Dubai. "From precious stones and energy to emerging fields such as AI, Web3 and blockchain, we are building the connected, future-ready ecosystems that global businesses need to thrive – and expecting to surpass 26,000 companies this year. By driving innovation, integrity and sustainable growth, DMCC is proud to support the national economic agenda and continue to cement Dubai's status as a world-leading hub for trade and commerce.' Feryal Ahmadi added, 'From transforming the global tender landscape in diamonds to advancing growth in Web3, AI and sustainable trade, DMCC is building the next generation of global commerce. His Highness' visit is a strong validation of DMCC's Strategy 2033 that will elevate our future-ready, connected ecosystems to ultimately support innovation, ensure resilience and deliver long-term value. As international markets evolve, Dubai is perfectly positioned to meet the needs of businesses, investors and entrepreneurs across sectors, reinforcing its reputation as a dynamic, responsible and forward-looking global hub.' Since 2021, the UAE has led the world in rough diamond trade and is rapidly expanding its presence across polished and lab-grown segments. Polished diamonds now represent nearly half of the total diamond trade value, while the lab-grown segment has exceeded AED3.7 billion in trade in the past year. DMCC has played a foundational role in Dubai's rise as a global powerhouse for the diamond and precious stones sector. Through the Dubai Diamond Exchange and its wider ecosystem of more than 1,350 member companies, DMCC has built the specialised infrastructure, regulatory support, and international connectivity required to enable seamless trade across all diamond segments. In 2024 alone, the DDE hosted 85 tenders, underscoring its pivotal role as a central platform for the global diamond community. This position is reinforced by the presence of the Kimberley Process Office, the DMCC Vault and a suite of high-impact networking and industry initiatives, including the Tender Best Practice Forum – all of which ensure the highest standards of security. The DMCC continues to play a catalytic role in shaping the future of trade across multiple sectors. As home to over 25,000 member companies from 180 countries, DMCC provides cutting-edge infrastructure, regulatory frameworks and industry-specific ecosystems that support growth in commodities, financial services, and emerging technologies. Through specialised centres such as the DMCC Crypto Centre, the Gaming Centre, the AI Centre and the Tea and Coffee Centres, DMCC is reinforcing Dubai's status as a hub for traditional and digital trade, while actively enabling the next generation of enterprise, innovation and global business.
Emirates 24/7
4 days ago
- General
- Emirates 24/7
Hamdan bin Mohammed attends graduation ceremony of 34th Joint Command and Staff Course
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, today attended the graduation ceremony of the 34th Joint Command and Staff Course, held under his patronage at the Joint Command and Staff College in Abu Dhabi. The graduation ceremony was also attended by Staff Lieutenant General Issa bin Ablan Saif Al Mazrouei, Chief of Staff of the UAE Armed Forces; Lieutenant General Ibrahim Nasser Al Alawi, Under-Secretary of the Ministry of Defence; along with senior officials of the Armed Forces and and military attachés from participating countries. Staff Brigadier General Saeed Salmeen Al Alawi, Commandant of the Joint Command and Staff College, welcomed attendees and congratulated the graduates, highlighting their readiness for future leadership roles. He also emphasised the College's vital role in developing military leaders equipped to navigate evolving regional and global challenges. At the conclusion of the ceremony, H.H. Sheikh Hamdan bin Mohammed honoured outstanding officers, wishing them success in their military careers. He also presented awards and certificates to the graduates, and group photos were taken with His Highness. The ceremony concluded with the presentation of certificates and the honouring of top achievers. His Highness congratulated the top graduates and wished them continued success. H.H. Sheikh Hamdan also took commemorative photos with the graduates and college leadership, expressing his appreciation for the Joint Command and Staff College and pride in the achievements of the graduates. Follow Emirates 24|7 on Google News.
Entrepreneur
5 days ago
- Business
- Entrepreneur
H.H. Sheikh Hamdan Attends Launch Ceremony of the 'UAE Future 50 - Emirati List of Future Companies'
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. On June 28, 2025, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, witnessed the launch of the inaugural UAE Future 50 – Emirati List of Future Companies, a joint initiative between the UAE Ministry of Economy and the Government Development and the Future Office, at Dubai's Emirates Towers. The initiative is part of the Riyada entrepreneurship ecosystem, which aims to enhance the national startup and innovation landscape. The UAE Future 50 list identifies and lauds some of the most promising Emirati-led companies across 15 key future economic sectors such as fintech, healthtech, edtech, agritech, space, renewable energy, and cybersecurity, among others. Image courtesy BNC Publishing H.H. Sheikh Hamdan underscored the UAE leadership's commitment to empowering entrepreneurs and fostering an economic environment that supports startups in future-focused sectors. He noted that Emirati innovators are playing a key role in driving economic diversification, advancing future-focused industries, and strengthening the nation's global competitiveness—efforts that align with the ambitions of 'We the UAE 2031' vision. He also highlighted the crucial role entrepreneurs play in turning innovative ideas into impactful ventures that drive the growth and diversification of the UAE's rapidly evolving economy. He also stressed the importance of inspiring the younger generation to explore the world of entrepreneurship, commending initiatives that nurture and empower entrepreneurs to reach new heights of success. The launch was attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications; H.E. Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future. H.E. Ohood Al Roumi, UAE Minister of State for Government Development and the Future. Image courtesy BNC Publishing H.E. Al Roumi highlighted the UAE's position as a global leader in future readiness, thanks to its strong innovation ecosystem and investment in national talent. She emphasised that the 'UAE Future 50' showcases Emirati entrepreneurs transforming ideas into pioneering ventures, supporting the government's goal to prepare the economy for future challenges. She added that these startups, working alongside major companies, will drive growth in key sectors and enhance the UAE's competitiveness and leadership worldwide. Abdullah Al Saleh, Undersecretary of the Ministry of Economy, highlighted the crucial role of innovative ventures and Emirati talent in driving the UAE's transition to futuristic industries and boosting its global standing. He reaffirmed the government's commitment to creating an environment that supports sustainable growth and strengthens the national economy. Faisal Belhoul, Vice Chairman of Dubai Chamber, and Chairman of J&F Holdings. Image courtesy BNC Publishing The initiative aims to highlight promising Emirati startups in future-focused economic sectors by providing targeted support to accelerate their growth, recognising entrepreneurial achievements, and celebrating the contributions of Emirati innovators. It also seeks to foster a strong culture of entrepreneurship and inspire the next generation of national talent. The launch of the 'UAE Future 50' was marked by a dedicated event celebrating these pioneering ventures. The gathering featured an engaging talk by Emirati entrepreneur and Dubai Chambers Board Member Faisal Belhoul, who shared insights on the foundations of entrepreneurial success and the vital role entrepreneurs play in shaping the future economy. The event brought together young entrepreneurs, investors, representatives from investment funds, incubators, accelerators, family businesses, and leading companies. It also included an exhibition of the selected start-ups, giving attendees a closer look at their innovative ideas, achievements, and growth journeys. UAE startups have exhibited strong growth potential and play a key role in driving job creation, economic diversification, and national development objectives. Specifically chosen for their ability to boost the competitiveness of the future economy, these companies reflect the country's innovation-driven vision. The 'UAE Future 50' builds on the success of the Future 100 initiative, launched by the Government Development and the Future Office with the Ministry of Economy. The initiative annually highlights top emerging companies advancing future-focused sectors and supports the UAE's global standing in innovation, entrepreneurship, and investment. By recognising and empowering high-potential ventures, Future 100 contributes to shaping a resilient, diversified, and globally competitive economy. Related: Future 100 Unveils the Prestigious Future 100 - List 2024 of the UAE's Most Promising, Scalable, and Impactful Companies
Emirates 24/7
5 days ago
- Business
- Emirates 24/7
Hamdan bin Mohammed witnesses launch of the ‘UAE Future 50'
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, witnessed the launch of the 'UAE Future 50' initiative, featuring a list of future-focused Emirati companies. Jointly developed by the Government Development and the Future Office in collaboration with the Ministry of Economy, the initiative is part of the Riyada entrepreneurship ecosystem, which aims to enhance the national startup and innovation landscape. The initiative features 50 promising startups launched by Emirati entrepreneurs across 15 future-focused economic sectors that boost the diversification and resilience of the national economy. These sectors span fintech, healthtech, edtech, HR tech, food and agri-tech, space, cybersecurity, sustainability, renewable energy, smart mobility, advanced and creative industries, legal tech, and the sharing economy. H.H. Sheikh Hamdan underscored the UAE leadership's commitment to empowering entrepreneurs and fostering an economic environment that supports startups in future-focused sectors. He noted that Emirati innovators are playing a key role in driving economic diversification, advancing future-focused industries, and strengthening the nation's global competitiveness—efforts that align with the ambitions of 'We the UAE 2031' vision. He underscored the crucial role entrepreneurs play in turning innovative ideas into impactful ventures that drive the growth and diversification of the UAE's rapidly evolving economy. He also stressed the importance of inspiring the younger generation to explore the world of entrepreneurship, commending initiatives that nurture and empower entrepreneurs to reach new heights of success. The launch was attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications; Ohood bint Khalfan Al Roumi, Minister of State for Government Development and the Future. Ohood bint Khalfan Al Roumi highlighted the UAE's position as a global leader in future readiness, thanks to its strong innovation ecosystem and investment in national talent. She emphasised that the 'UAE Future 50' showcases Emirati entrepreneurs transforming ideas into pioneering ventures, supporting the government's goal to prepare the economy for future challenges. She added that these startups, working alongside major companies, will drive growth in key sectors and enhance the UAE's competitiveness and leadership worldwide. Abdullah Al Saleh, Undersecretary of the Ministry of Economy, highlighted the crucial role of innovative ventures and Emirati talent in driving the UAE's transition to futuristic industries and boosting its global standing. He reaffirmed the government's commitment to creating an environment that supports sustainable growth and strengthens the national economy. The initiative aims to highlight promising Emirati startups in future-focused economic sectors by providing targeted support to accelerate their growth, recognising entrepreneurial achievements, and celebrating the contributions of Emirati innovators. It also seeks to foster a strong culture of entrepreneurship and inspire the next generation of national talent. The launch of the 'UAE Future 50' was marked by a dedicated event celebrating these pioneering ventures. The gathering featured an engaging talk by Emirati entrepreneur and Dubai Chambers Board Member Faisal Belhoul, who shared insights on the foundations of entrepreneurial success and the vital role entrepreneurs play in shaping the future economy. The event brought together young entrepreneurs, investors, representatives from investment funds, incubators, accelerators, family businesses, and leading companies. It also included an exhibition of the selected start-ups, giving attendees a closer look at their innovative ideas, achievements, and growth journeys. UAE startups have exhibited strong growth potential and play a key role in driving job creation, economic diversification, and national development objectives. Specifically chosen for their ability to boost the competitiveness of the future economy, these companies reflect the country's innovation-driven vision. The 'UAE Future 50' builds on the success of the Future 100 initiative, launched by the Government Development and the Future Office with the Ministry of Economy. The initiative annually highlights top emerging companies advancing future-focused sectors and supports the UAE's global standing in innovation, entrepreneurship, and investment. By recognising and empowering high-potential ventures, Future 100 contributes to shaping a resilient, diversified, and globally competitive economy. Follow Emirates 24|7 on Google News.
Times of Oman
26-05-2025
- Politics
- Times of Oman
Sayyid Shihab receives Crown Prince of Dubai
Muscat: HH Sayyid Shihab bin Tarik Al Said, Deputy Prime Minister for Defence Affairs received Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence in the United Arab Emirates (UAE), in the presence of HH Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth, in his office at Al Murtafaa Camp on Monday. Upon the arrival of Sheikh Hamdan to the headquarters of the Ministry of Defence at Al Murtafaa Camp, an official reception was accorded to him, as the guard of honour saluted him. At the outset of the meeting, HH Sayyid Shihab welcomed the guest, wishing him a successful visit. The meeting reviewed relations between Oman and the UAE and discussed a set of topics of common interests. They also reviewed areas of military cooperation between the defence ministries of both countries, and means of promoting them.
