Browsing: Foreign direct investment

Business

Jaywan Set to Transform UAE’s Financial Ecosystem and Reinforce Its Role as a Global Trade Hub

As the United Arab Emirates continues to solidify its position as a global center for trade, finance, and investment, the introduction of Jaywan, its first domestic payment card scheme, marks a major shift in the country’s financial landscape. Developed by Al Etihad Payments under the Central Bank of the UAE, Jaywan is designed to enhance transaction efficiency, reduce dependency on international payment networks, and strengthen the country’s economic resilience.

Business

UAE unveils 2031 investment plan, aims for $599B FDI

UAE has launched its National Investment Strategy, aiming to triple its foreign direct investment (FDI) balance to AED 2.2T ($599B) by 2031. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, alongside Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, unveiled the strategy during the UAE Government Annual Meetings 2024 in Abu Dhabi.These meetings, held on November 5 and 6, gathered over 500 officials, including representatives from the UAE government, local entities, private sector, and community organisations.