Latest news with #HamdanbinMohammed
Al Etihad
3 days ago
- Business
- Al Etihad
Hamdan bin Mohammed visits world's largest diamond tender facility at DMCC
2 June 2025 18:17 DUBAI (ALETIHAD)His Highness 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), the leading international business district that drives the flow of global trade through Dubai, taking in a first-hand tour of the Dubai Diamond Exchange (DDE), the largest diamond tender facility in the world. His Highness Sheikh Hamdan's 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 the global diamond trade. His Highness was accompanied during the visit by His Excellency Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Highness Sheikh Hamdan bin Mohammed 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. His Highness visited the Dubai Diamond Exchange tender floors, where he was apprised of 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 Highness Sheikh Hamdan bin Mohammed 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.'His Highness was also updated on the regulatory, policy and infrastructure advancements that have propelled the UAE to become the leading hub for rough diamond trade 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. Bold New Vision In parallel to the visit, DMCC unveiled 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. Considered Expansion strategy 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 Highness 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. Elaborate Trade Report The visit concluded with His Highness 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 on His Highness's visit, Dr. Hamad Buamim, Chairman of the Board, DMCC, said: 'It was an honour to welcome His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC and the Dubai Diamond Exchange today." Dr. Buamim added, "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. He further said: "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, Executive Chairman and Chief Executive Officer, of DMCC, said: 'It was a privilege to welcome His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC at this historic moment for our diamond industry. Bin Sulayem added, "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 expect 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, Deputy CEO & Chief Operating Officer, DMCC, 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.' Leadership Initiative Since 2021, the UAE has led the world in the 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 Dh3.7 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 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, compliance and market engagement. Further strengthening Dubai's comprehensive offering is the expansion of globally renowned institutions such as the Gemological Institute of America (GIA) into Uptown Dubai, cementing its status as a world-leading hub for the diamond trade across every segment of the value chain. Specialised Centres 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, and innovation and global business.
Emirates 24/7
26-05-2025
- Business
- Emirates 24/7
Hamdan bin Mohammed meets with Oman's Deputy Prime Minister for Cabinet Affairs
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, met today in Muscat with His Highness Sayyid Fahd bin Mahmoud Al Said, Deputy Prime Minister for Cabinet Affairs of Oman. The meeting explored opportunities to further deepen strategic cooperation between the UAE and Oman across various sectors, underpinned by the strong historical and fraternal ties shared by the two nations and their peoples. Held as part of H.H. Sheikh Hamdan's official visit to Oman at the head of a high-level delegation, the meeting reflected the growing momentum in bilateral cooperation, guided by the vision and directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and His Majesty Sultan Haitham bin Tariq Al Said, Sultan of Oman. During the meeting, H.H. Sheikh Hamdan bin Mohammed underscored the significance of continued high-level exchanges and ongoing ministerial and government engagement, which reflect the shared commitment of both nations to further strengthen UAE-Oman ties. He noted that strengthening bilateral ties serves national development goals, particularly in the economic, political, scientific, and cultural spheres. The meeting highlighted the importance of ongoing coordination to advance mutual interests and drive comprehensive, sustainable development in both nations. The discussions also touched on ways to enhance Gulf cooperation, with a focus on increasing trade and tourism flows, promoting mutual investments, and encouraging the private sector to play a greater role in launching joint ventures that contribute to growth across the industrial, commercial, and investment sectors. Sheikh Hamdan praised the continued growth of UAE-Oman economic relations. Oman remains the UAE's second-largest trading partner among GCC countries. In 2024, non-oil trade between the two nations surpassed AED56.1 billion, marking a 9.8% increase compared to 2023. He expressed confidence that further opportunities lie ahead to expand trade and boost tourism flows, especially given the rich and diverse offerings that both countries boast. The meeting was attended by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai; H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; and H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority. His Highness Sayyid Fahd bin Mahmoud Al Said welcomed H.H. Sheikh Hamdan bin Mohammed and the accompanying delegation to Oman, emphasising that the visit reflects the depth of the ties between the two brotherly nations. He noted that the visit would serve to further advance strategic cooperation in support of mutual development goals and continued economic growth. Sayyid Fahd reiterated Oman's commitment to strengthening cooperation and enhancing bilateral relations aligned with the two countries' shared strategic aspirations for the future. The meeting also covered a range of regional and international developments, including the latest updates from the Middle East, and ongoing efforts to promote peace, security, and stability in the region. The meeting was also attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid Al Qassimi, Minister of Culture; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications; Her Excellency Maryam bint Ahmed Al Hammadi, Minister of State; Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers;Abdullah Al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Belhoul Al Falasi, President of Dubai's State Security Department; Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism; and Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation, Chairman and CEO of DP World, and Chairman of the Dubai International Chamber. Follow Emirates 24|7 on Google News.
Al Etihad
26-05-2025
- Business
- Al Etihad
Sultan Haitham bin Tariq receives Hamdan bin Mohammed in Muscat
26 May 2025 18:20 MUSCAT (WAM)His Majesty Sultan Haitham bin Tariq Al Said, Sultan of Oman, on Monday received His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, at Al-Baraka Palace in Muscat.H.H. Sheikh Hamdan bin Mohammed is currently on an official visit to Oman leading a high-level Majesty Sultan Haitham bin Tariq Al Said welcomed H.H. Sheikh Hamdan bin Mohammed and his accompanying delegation, expressing his deep appreciation for the strong fraternal bonds that unite the two nations and their peoples. During the meeting H.H. Sheikh Hamdan bin Mohammed conveyed the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE; and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, to His Majesty Sultan Haitham bin Tariq, along with their best wishes for the Oman's sustained growth and progress. The meeting underscored the growing momentum in bilateral relations, which are rooted in deep historical and fraternal ties. Discussions also focused on further strengthening cooperation across key sectors, particularly in the economic, commercial, tourism, cultural, and knowledge domains to support comprehensive development in both countries.H.H. Sheikh Hamdan bin Mohammed said the visit had been very fulfilling on various counts and emphasised that it serves to highlight the depth and strength of Emirati-Omani relations.H.H. also emphasised the shared commitment to deeper coordination and the mutual exchange of successful development experiences, noting their role in advancing a common vision for the future, reinforcing strategic priorities, and expanding Gulf cooperation to spearhead sustainable development.H.H. also expressed his sincere appreciation for the warm welcome and gracious hospitality accorded to him and his accompanying delegation, wishing the Sultanate, its leadership, and its people continued progress, prosperity, and meeting was attended by H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai; H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; and H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts present at the meeting were Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Sheikh Salem bin Khalid Al Qassimi, Minister of Culture; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Application; Maryam bint Ahmed Al Hammadi, Minister of State; Sultan bin Saeed Al Mansoori, Chairman of Dubai Chambers; Abdulla Al Basti, Secretary General of The Executive Council of Dubai; Lieutenant General Talal Belhoul Al Falasi, President of Dubai's State Security Department;Helal Saeed Al Marri, Director General of Dubai Department of Economy and Tourism; Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs and Free Zone Corporation, Chairman and CEO of DP World, and Chairman of the Dubai International Chamber of Commerce. Earlier in the day, H.H. Sheikh Hamdan bin Mohammed arrived in the Omani capital, Muscat, where he was welcomed at the Royal Airport by His Highness Sayyid Theyazin bin Haitham Tariq Al Said, Oman's Minister of Culture, Sports, and Youth.
Al Etihad
23-05-2025
- Business
- Al Etihad
Hamdan bin Mohammed meets with outstanding participants of ‘Al Nokhba' Programme
23 May 2025 20:53 DUBAI (WAM)H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, stated that empowering a new generation of Emiratis with future-ready skills and the ability to harness them in service of the nation is a cornerstone of the UAE's strategy to build a sustainable, knowledge-based economy. Empowered with education, knowledge, and the ability to turn ideas into meaningful achievements, these young talents are vital enablers of development and key to strengthening the UAE's position regionally and globally.'Our wise leadership has always prioritised investing in minds before resources, recognising that people are the most enduring and impactful strategic asset. The innovations emerging across various national sectors today demonstrate that Emiratis are not only keeping pace with global technological progress but are also at the forefront of leading and shaping it,' H.H. stated.H.H. Sheikh Hamdan bin Mohammed made these remarks during a meeting with over 100 outstanding participants in the 'Al Nokhba Programme', organised by the National Service and Reserve Authority under the patronage and presence of Major General Pilot Sheikh Ahmed bin Tahnoon Al Nahyan, Deputy Chief of Staff of the Armed 'Al Nokhba Programme' was held in collaboration with the Artificial Intelligence, Digital Economy and Remote Work Applications Office, Dubai Future Foundation, and Khalifa University, with the aim of creating an advanced model that supports a knowledge-based economy and fosters exceptional talent capable of innovation and leadership in a rapidly evolving meeting, held at Emirates Towers, was attended by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications; Major General Rashid Mohammed Al Shamsi, Deputy Commander of the Air Force and Air Defence; Khalfan Belhoul, CEO of the Dubai Future Foundation; Dr. Ebrahim Al Hajri, President of Khalifa University and several senior officers from the Ministry of the meeting, H.H. was briefed on several outstanding projects developed by national talents in sectors such as aviation, intelligent robotics, data science, blockchain, biotechnology, advanced water technologies, telecommunications, IT, space and nuclear energy. The projects were the result of an intensive, months-long training programme focused on advanced and sustainable technologies, reflecting the UAE's strong commitment to equipping the national workforce with the essential knowledge and practical skills needed to seize future opportunities and address emerging presented a selection of graduation projects developed by Emiratis, including an efficient, greenhouse cooling system tailored for the UAE's environment; the exploration of Nanochitin and Phosphorylated Natural Fibers extracted from biological, marine, food, and agricultural waste to produce fire-resistant materials; moving and pointing the satellite in any direction on once in space; the 'SARIM' robot, designed to traverse rough desert terrains; the 'EMAPS' Marine project, an AI-powered platform for monitoring coastal navigation and detecting suspicious movement; and the 'M061' ventilator, locally developed to support the national healthcare reserve during the COVID-19 pandemic.'Al Nokhba Programme' further developed participants' competencies in research and feasibility studies for engineering projects, designing and manufacturing electromechanical devices, technical device schematics, smart monitoring system development, engineering systems testing, as well as leadership, teamwork, public speaking, presentation preparation, critical thinking stimulation, scientific research, coding and applying theoretical knowledge to real-world solutions. Since its launch in 2019, the 'Al Nokhba Programme' has graduated over 200 exceptional recruits across 14 cohorts. With a rigorous selection process, the programme identifies and nurtures top national talent in emerging technology fields. All graduates secured employment within months of completing the programme, achieving a 100% placement rate—underscoring the strategic value of such national initiatives in equipping a future-ready generation. Today, these graduates are actively contributing to strengthening the UAE's global competitiveness and leadership across key sectors.
Dubai Eye
21-05-2025
- Business
- Dubai Eye
UAE drives global tech dialogue at inaugural GITEX Europe
The first-ever GITEX Europe, organised by the Dubai World Trade Centre, has officially opened in Berlin. Leading the UAE's presence is a high-level delegation of over 65 organisations, headed by Alia Al Mazrouei, Minister of State for Entrepreneurship, making it one of the largest digital investment and innovation delegations at the event. Hosted at Messe Berlin from May 21 to 23, GITEX Europe brings together more than 1,400 tech enterprises, startups and SMEs, alongside 600 investors and 500 speakers from over 100 countries. The programme explores cutting-edge themes including AI, cloud computing, cybersecurity, quantum tech and green innovation. The UAE and Dubai are using the platform to strengthen global tech partnerships, drive innovation, and help shape the future of sustainable digital growth. The first-ever GITEX Europe, organised by Dubai World Trade Centre, has officially opened in Europe's largest economy and one of its boldest startup capitals, Berlin. Leading the charge: 65+ UAE organisations—one of the largest entrepreneurship and digital investment… — Hamdan bin Mohammed (@HamdanMohammed) May 21, 2025
