logo
UAE President hails Sheikh Mohammed's vision as nation hits record trade milestone

UAE President hails Sheikh Mohammed's vision as nation hits record trade milestone

Gulf News20-04-2025
Abu Dhabi: President His Highness Sheikh Mohamed bin Zayed Al Nahyan has lauded the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE, and Ruler of Dubai, following the announcement of a major trade milestone for the country.
The UAE's foreign trade reached a record Dh5.23 trillion in 2024, with a trade surplus of over Dh490 billion, as revealed in a post by Sheikh Mohammed on the social media platform X.
Responding to the announcement, Sheikh Mohamed bin Zayed praised Sheikh Mohammed's leadership and the commitment of Emirati teams:
'You have never let us down, my brother Bu Rashid. With your vision, and the dedication of determined, sincere, and capable Emirati teams, you continue to demonstrate to the world that the UAE is truly an exceptional country—just as the late Sheikh Zayed, the nation's founding father, envisioned. Thank you, Sheikh Mohammed, and thank you to all our Emirati sons and daughters who are devoted to the progress and prosperity of our nation.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DIFC and DLD unveil Dubai PropTech Hub to position emirate as a global real estate tech leader
DIFC and DLD unveil Dubai PropTech Hub to position emirate as a global real estate tech leader

Al Etihad

time4 hours ago

  • Al Etihad

DIFC and DLD unveil Dubai PropTech Hub to position emirate as a global real estate tech leader

3 July 2025 18:56 DUBAI (ALETIHAD)Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, the DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, and the Dubai Land Department (DLD), have joined forces to launch the Dubai PropTech Hub in the DIFC Innovation region's first PropTech innovation hub will bring together the entire real estate value chain, offering a new model for collaboration, experimentation, and scalable innovation in one of the world's fastest-growing at transforming the future of real estate through technology, the hub will support more than 200 PropTech start-ups and scale-ups, generate more than 3,000 jobs, attract over $300 million in investment by 2030, and foster innovation and collaboration within the industry. It will provide customised licensing options, purpose-built physical workspaces, and a full suite of support programmes designed to fast-track innovation from concept to a comprehensive ecosystem, the Dubai PropTech Hub will provide access to advanced incubators, hands-on venture building, joint pilots, and a world-class regulatory and financial environment. Its offerings include bespoke initiatives such as early-stage start-up incubators and thought leadership programmes aimed at helping participants stay ahead of global PropTech of DIFC, His Excellency Essa Kazim, said, 'DIFC is proud to unveil the Dubai PropTech Hub and provide a world-class, financial and regulatory environment that supports real estate innovation. Laying the foundation for attracting more talent, this landmark initiative fast-tracks the expansion of the PropTech market in Dubai and positions the emirate as a global leader in real estate innovation. Furthermore, this initiative will build renewed momentum for investment, aligning with the Dubai Economic Agenda D33 and the Dubai Real Estate Sector Strategy 2033.'Director General of the Dubai Land Department, His Excellency Omar Hamad BuShehab, affirmed that this represents a pivotal step in achieving the objectives of the Dubai Real Estate Sector Strategy 2033 and further strengthening real estate excellence in the emirate. He said, 'This hub is a natural extension of the Real Estate Evolution Space Initiative - 'REES' launched by DLD to support the innovation ecosystem and anticipate the future of the sector by harnessing technology and artificial intelligence. By encouraging start-ups and providing advanced infrastructure and incubators, we are enhancing Dubai's global competitiveness and offering a smarter, more connected approach to real estate investment and development.'One of the key differentiators of the Dubai PropTech Hub is its multi-stakeholder collaboration model, bringing together regulators, developers, technology companies, investors, and service providers under one partners include world-class developers such as Binghatti, Majid Al Futtaim, Sobha Realty, Union Properties, and critical infrastructure providers like Transguard, who are already exploring AI-powered smart building and security applications via DIFC Innovation Hub-led pilots. Through the Dubai PropTech Hub, DIFC aims to provide investors, residents, and global stakeholders with a more accessible, transparent, and tech-enabled property market.

Dubai launches initiative to assist first-time home buyers
Dubai launches initiative to assist first-time home buyers

Dubai Eye

time9 hours ago

  • Dubai Eye

Dubai launches initiative to assist first-time home buyers

Dubai has launched a programme for first-time home buyers, aiming to make homeownership more accessible and affordable by facilitating priority access to new launches, preferential pricing and tailored mortgage solutions. The First-Time Home Buyer Programme is applicable to properties less than AED 5 million and accessible to Emirati and expatriates of all nationalities and income levels, and to applicants aged 18 and above who are residents of the UAE. Khalid Al Shaibani, Director of Rental Affairs Department at Dubai Land Department, told Dubai Eye 103.8's The Agenda that the programme offers a flexible payment plan, either from the developer or special interest rates through banks. He added that the 4 per cent fee charged by the mainland department could be paid in interest-free installments over two years, with the aim to attract 5,000 new buyers this year. Leading developers have reportedly already committed to the programme, promising to support first-time home buyers through priority access to units in new off-plan launches, and enhanced commercial terms, including preferential pricing. Participating banks will provide "tailored mortgage products designed specifically for eligible buyers," as the programme reportedly continues to onboard new partners to increase the choice for buyers. Helal Saeed Almarri, Director General of the Dubai Department of Economy and Tourism (DET), said the initiative marks a "significant milestone" for the real estate sector. It "represents a powerful economic lever - stimulating long-term demand, driving liquidity into the real estate ecosystem and accelerating the sector's contribution to GDP in line with the Dubai Economic Agenda, D33. By lowering entry barriers to homeownership for Emiratis and expatriates alike, we are enhancing investor confidence, increasing market absorption rates, and reinforcing Dubai's global positioning as a city where personal aspirations and business ambitions converge," Almarri said. 'In a global climate where housing accessibility is a structural challenge, Dubai is offering a model of sustainable urban development - one that supports talent retention, fosters community cohesion, and enhances the city's competitiveness as a place to live, work, and invest."

Belhaif Al Nuaimi receives Russian and Indian delegations
Belhaif Al Nuaimi receives Russian and Indian delegations

Sharjah 24

time11 hours ago

  • Sharjah 24

Belhaif Al Nuaimi receives Russian and Indian delegations

Welcoming the Russian delegation In the first meeting, Dr Al Nuaimi welcomed Dr Hossam Azzam, Education Ambassador at the Academy of Financial Sciences under the Government of the Russian Federation and Head of the 'Majdalina' group for international relations, as well as Ms Anya Goryacheva, Coordinator of Russian–Emirati Economic Relations. During the meeting, Dr Al Nuaimi was briefed on the Academy's work and its efforts to strengthen academic ties with educational institutions in Sharjah, foremost among them the University of Sharjah. The Russian delegation expressed deep gratitude and appreciation to Dr Al Nuaimi for his continuous efforts to foster channels of cooperation and communication between Sharjah and Moscow. These efforts contribute to consolidating academic and economic partnerships between both sides. Dr Hossam Azzam extended a formal invitation to Dr Al Nuaimi to visit Moscow as a guest of honour at the International Financial Forum, organised by the Financial University, to benefit from his broad experience in governance and strategic foresight. During the meeting, views were exchanged on the importance of building sustainable educational and knowledge-based relationships between academic institutions in the UAE and their counterparts in Russia, in a way that serves the ambitions of students and researchers and strengthens Sharjah's knowledge role globally. Meeting with the Indian strategic affairs expert Dr Al Nuaimi also received Dr Gulrez Sheikh, an expert in Indian strategic affairs who is currently visiting the UAE. The meeting addressed several issues related to the strategic relations between the UAE and India, and the role of cultural and intellectual understanding in supporting regional stability and development. Sharjah's global cooperation vision Dr Al Nuaimi stressed during both meetings the importance of such encounters in reinforcing international relations and promoting cultural and knowledge-based communication. He pointed out that the Sharjah Consultative Council is keen to open avenues of cooperation with various regional and international institutions. This commitment stems from the vision of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to establish Sharjah as a centre for cultural and intellectual enlightenment on a global level. He added that these meetings form an active platform for exchanging ideas and experiences, and open up new prospects for cooperation in the fields of education, economy, and innovation — thus strengthening Sharjah's position as a global hub for dialogue and progress.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store