|Halal Ranking||3rd in Global Muslim Travel Index (GMTI) / Crescentrating; 3rd in Global Islamic Finance Development Indicator|
|Halal-related agencies Intro||
|Halal compliance guidelines Intro||
Over the years, Emirates Authority for Standardization and Metrology has necessitated the provision of quality infrastructure, monitored the activity of credit through development, sustainability, ensured compatibility and met requirements of international practices, and procedures with the demands of the region. Following Dubai's achievement during the last economic and social period, it has now resurfaced with refined objectives to preserve the predominant goals and continue to value the efforts of physical investments provided by the Emirates Authority for Standardization and Metrology.
To achieve this vision, Emirates Authority for Standardization and Metrology has taken prior measurements. Issued by the 19 Council of Ministers Resolution No.10 of the national legislative system for Halal products in January 2014; the Emirates Authority for Standardization and Metrology has now introduced a special 'Emirati system' for the control of Halal products. This system comprises of basic elements pertaining to Halal products, destination certificates and accreditation bodies such as the Halal certification mark that constitutes the optimal model to ensure the sequence of processing, and obtaining Halal products.
|Halal-related trade and trading||
United Arab Emirates (UAE) is second on the Global Islamic Economy Indicator with strong scores in Halal Food, Islamic Finance and other sector ecosystems. It has particularly strong scores in Islamic Finance, Halal Food and Travel where it ranks as top three. Several initiatives under-taken by the Government to promote and develop the Islamic economy combined with being one of the safest destinations in the Middle East makes UAE a prominent hub in the Islamic Economy.
|Investment and Export Promotion Agencies Intro||
Emirates Investment Authority (EIA) is a sovereign wealth fund
Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund
Abu Dhabi Investment Council (ADIC) is a sovereign wealth fund
International Petroleum Investment Company (IPIC) is a sovereign wealth fund
Mubadala Development Company (Mubadala) is a sovereign wealth fund
The UAE maintains a position as the major trade and investment hub for a large geographic region, which includes not only the Middle East and North Africa, but also South Asia, Central Asia, and Sub-Saharan Africa. The country ranked 12th of 143 economies in the World Economic Forum’s 2014-2015 overall Global Competitiveness Index, and 22nd of 189 on the World Bank’s 2015 Ease of Doing Business report, moving up seven places and one place respectively from the previous year. Multinational companies cite the UAE’s political and economic stability, rapid population and Gross Domestic Product (GDP) growth, fast growing capital markets, an absence of corporate and personal taxes, and the absence of evidence of systematic corruption, were all positive factors contributing to the UAE’s attractiveness to foreign investors. Despite regional headwinds attracting Foreign Direct Investment (FDI), UAE's inward FDI held at USD 10.1 billion in 2014 according to the United Nations Conference on Trade and Development (UNCTAD), slightly down from USD 10.5 billion in 2013.
The UAE government (UAEG) is, however, opening up trade sectors in line with its World Trade Organizations (WTO) obligations. Investment laws and regulations are slowly evolving with the goal of making the UAE more conducive to foreign investment. The UAEG recently passed a new Companies Law. There is an additional eighteen draft laws which are meant to address a number of concerns that have discouraged foreign investment in the UAE. These laws include insolvency and arbitration laws, in addition to a draft foreign investment law. The UAEG has publicly declared its commitment to cutting red tape for foreign investors with the intent of becoming the most competitive economy in the Gulf as well as one of the top economies globally. (Source: U.S. Department of State-2015 Investment Climate Statement-United Arab Emirates)
|Investment and Export Promotion Agencies Names||Emirates Investment Authority|
The UNCTAD reports that the United Arab Emirates has 46 bilateral investment treaties, of which 31 are in force, and 14 other international investment agreements, of which seven are in force. There is currently no bilateral investment treaty between the U.S. and the UAE. However, a Trade and Investment Framework Agreement (TIFA) was signed in March 2004, and it has served as a basis for dialogue. As a member of the GCC, the UAE is covered by the U.S. - GCC framework agreement for trade, economic, investment, and technical cooperation as signed September 2012.
The United Arab Emirates Federal Customs Authority lists some of the more recent trade agreements with other nations.
|Company ownership limits
(foreign and local)
Over the decades, the Emirate of Dubai has started to look for additional sources of revenue. High-class tourism and international finance continue to be developed. In line with this initiative, the Dubai International Financial Centre was announced, offering 55.5% foreign ownership, no withholding tax, freehold land and office space and a tailor-made financial regulatory system with laws taken from best practice in other leading financial centres like New York, London, Zürich and Singapore. A new stock market for regional companies and other initiatives were announced in DIFC. Dubai has also developed Internet and Media free zones, offering 100% foreign ownership, no tax office space for the world's leading ICT and media companies, with the latest communications infrastructure to service them. Many of the world's leading companies have now set up branch offices, and even changed headquarters to there.
Issued on: 10 Nov 2016
Issued on: 01 Feb 2008
Issued on: 01 Jun 2007
Issued on: 16 Sep 2014
|Media & Recreation||61.3|
|Pharma & Cosmetics||41.5|
Fundamentals of Islamic Banking and Finance
Certified Shari'ah Advisor and Auditor
Halal Expo Dubai
Risk in Financial Services
The Middle East Islamic Leadership Awards
Islamic Finance Qualification Training in Arabic
The Islamic Financial Services Board (IFSB) Summit 2017
World Green Economy Summit
Dubai Modest Fashion Week
World Halal Tourism Summit
GCC has USD 32 billion worth of tenders underway17 Aug 2017 | finance-investing
Etihad, partners’ bonds drop again as Air Berlin bankruptcy sparks bailout concerns16 Aug 2017 | finance-investing
Air Berlin files for insolvency after Etihad withdraws support15 Aug 2017 | finance-investing
Etihad Airways exploring options for leisure airline Niki15 Aug 2017 | finance-investing
Dubai’s Noor Bank cuts dozens of jobs -sources15 Aug 2017 | training-hr
Dana Gas bondholders face “significant liability” in UAE court case15 Aug 2017 | finance-investing
UAE Restricts Philippine Poultry Imports15 Aug 2017 | regulations-compliance
Dubai’s Meraas Holding issues $200 mln tap of private sukuk due in 2022 -document14 Aug 2017 | finance-investing
Fitch updates sukuk rating criteria14 Aug 2017 | finance-investing
Malaysia’s 1MDB says $360 million paid to Abu Dhabi for debt deal11 Aug 2017 | all-sectors
New modest fashion brand Faspiration dreams big, aims to go global31-Jul-2017
Launched in May, what’s next for world’s first Shariah-compliant gold-backed digital currency?17-Jul-2017
Changing preferences, more homegrown options, driving growth of UAE organic produce market10-Jul-2017
How many STEM graduates from local universities do Saudi Arabia and UAE produce?04-Jul-2017