The Finance World Magazine| Edition: March 2023
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil. In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups. Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
The March edition of The Finance World Magazine (TFW) delves into the Zayed Ambition 2 project, which strives to investigate the feasibility of leveraging the UAE's burgeoning space economy for sustainable development. This initiative showcases the country's commitment to diversifying its economy and reducing its reliance on oil.
In a featured interview, CEO Shaaista Khan Osman and Managing Director Osman Osman of Blu Blood share their insights about the event management industry in the UAE. This issue also includes insights from Sridhar Vembu, CEO of Zoho Corporation, on emerging AI tools, along with some advice for SMEs and startups.
Through this edition, we also bring you insights on topics like the UAE's steadfast dedication to sustainable growth and development, Dubai surpassing global and regional tourism recovery levels, the sports industry emerging as a promising sector magnetizing international investors, and many more key informational articles in the finance sector.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Business<br />
UAE Ranks First for Best Business Climate<br />
and Issues New Rules for Family Businesses<br />
<strong>The</strong> IMD <strong>World</strong> Competitiveness Ranking for 2022 has revealed that the UAE holds<br />
the top position as the most competitive country in the Arab region. <strong>The</strong> business<br />
fundamentals rankings, which assess the legal, regulatory, and tax systems of<br />
developing countries, once again showed that the GCC nations came out on top,<br />
with the UAE ranking first, while in the 14th annual Agility Emerging Markets<br />
Logistics Index, the UAE was ranked as having the best business climate.<br />
According to the IMD <strong>World</strong><br />
Competitiveness Ranking<br />
for 2022, the UAE is the<br />
most competitive nation in<br />
the Arab world. <strong>The</strong> GCC nations<br />
once again topped the business<br />
fundamentals rankings, which contrast<br />
the legal, regulatory, and tax systems<br />
of developing markets nations, with<br />
the UAE in the top spot.<br />
<strong>The</strong> 14th annual Agility Emerging<br />
Markets Logistics Index ranked the<br />
UAE as having the greatest business<br />
climate, with Qatar coming in second,<br />
Saudi Arabia third, Oman fifth, Bahrain<br />
sixth, and Kuwait eleventh. <strong>The</strong> UAE<br />
is the most competitive nation in<br />
the Arab world, per the 2022 IMD<br />
<strong>World</strong> Competitiveness Ranking. In<br />
Europe, the Middle East, and Africa,<br />
the UAE ranked eighth in terms of<br />
economic competitiveness, only behind<br />
Denmark, Switzerland, Sweden, the<br />
Netherlands, Finland, Norway, and<br />
Ireland. <strong>The</strong> majority of the nonoil<br />
economic development for Gulf<br />
nations, which outperformed most<br />
other economies in the index, would<br />
be driven by innovation and support for<br />
small enterprises, according to global<br />
supply chain executives.<br />
<strong>The</strong> UAE was placed third overall<br />
in the 50-country Index by Agility,<br />
a leading provider of supply chain<br />
services globally, after China and India.<br />
Saudi Arabia ranked sixth; both nations<br />
were among the top 10 in each of the<br />
four areas of the Index, including local<br />
logistics, global logistics, business<br />
fundamentals, and digital readiness,<br />
with the exception of international<br />
logistics, where it ranked 19th, Qatar<br />
was in the top 10 in every category.<br />
Kuwait (ranked No. 15 overall) made<br />
the most progress in enhancing its<br />
24 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>
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