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The UAE Is Still Highly Attractive for Foreign Investments

UAE : 28 March

According to Shaikha Lubna Al Qasimi who is currently the UAE Foreign Trade Minister the UAE is seen to be an advanced free-economy which has an open market and unbiased competition practices.

The UAE economy grew by 3.1% in 2009 despite the world recession and it is also the second largest state in the Arab World. As well as an undisputed strong Oil based industry it also has other thriving industries which actually accounts for over 65% of the country’s annual Gross Domestic Product.

The Foreign Trade Minister recently lectured to a group of business administration school students in Brussels on the United Arab Emirates existing commercial credentials, its future development plans for the economy and the future of its social strategy. She referred specifically to the UAE’s openness to foreign trade and that in 2009 its percentage of Foreign Trade to Gross Domestic Product was 173%. Also between 2004 and 2008 the average growth rate for trade went above 30%.

Shaikha Lubna also said that the remainder of 2010 looks very positive for the region it has successfully come through the worst of the recession and can now look forward to increasing growth levels and beginning to work towards future prosperity.

The advantages of investing in the UAE include its economic and political security it is also well situated geographically. Also it has competent and efficient commercial laws and its economic growth will continue to increase. Shaikha Lubna also said the UAE is now a progressive economy for women and that the country has positive, competent leadership.

Paul Holdsworth, Staff Writer, Gulf Jobs Market News
28 March

Dubai Debt Restructuring Plan – Is It Really Going to Work?

While most feel the Dubai World debt restructuring plan is very promising for the future success of the Dubai markets not everybody is as easily convinced. Some Investors showed their concern in the last couple of days by increasing the cost of Dubai Debt Insurance. Many Investors now doubt the ability of the Dubai Government [...]

26 March

Investor Confidence Returns to Stock Market

As predicted stock markets were in buoyant form yesterday after the news of the Nakheel and Dubai World debt restructuring plan began to materialize. Both the Abu Dhabi and Dubai stock markets reached their highest levels since November 2009 and January 2010 when the government first announced its intention to back a restructuring plan for [...]

25 March

UAE Sees Significant Growth in Financial Jobs Market

If you are hoping for a career in the Financial Services sector then take heart because the latest reports indicate that job opportunities in this sector are growing and could increase by as much as 20% in the next three months.
At present the focus is on those candidates with specialist skills and high end experience. [...]

25 March

Dubai World and Nakheel Restructuring Plan to be Announced

It has been confirmed that the long awaited restructuring plans for Dubai World and Nakheel will be announced later today. Ahead of this announcement it has already been confirmed that the Government of Dubai through the Dubai Financial Support Fund will use its financial resources to guarantee both of these restructuring plans. The DFSF fund [...]

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