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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<strong>The</strong> National Sustainable<br />
Aviation Fuel Roadmap<br />
was recently made public<br />
by the Ministry of Energy<br />
and Infrastructure with the goal of<br />
accelerating the decarbonization of<br />
the aviation industry. <strong>The</strong> strategy<br />
helps the UAE become a regional<br />
centre for sustainable aviation fuel<br />
by helping the nation meet its goals<br />
for carbon neutrality, improving fuel<br />
efficiency, and sustaining it in one of<br />
the key industries supporting national<br />
economies.<br />
<strong>The</strong> roadmap was developed based<br />
on a number of key tenets, including<br />
accelerating the aviation sector’s<br />
decarbonization, making the nation a<br />
regional hub for low-carbon aviation<br />
fuel, fostering international cooperation<br />
in this crucial area, and developing<br />
local capabilities to increase local<br />
value in this sector. Through the state’s<br />
membership in ICAO and support of<br />
initiatives pertaining to renewable fuels<br />
and energy in other nations, it also<br />
quickens the transfer of technology<br />
and innovation while aiding in the<br />
worldwide transition to low-carbon<br />
fuels.<br />
H.E. Engineer Youssef Al Ali,<br />
Assistant Undersecretary for the<br />
Electricity, Water, and Future Energy<br />
Sector, H.E. Engineer Sharif Al Olama,<br />
Undersecretary of the Ministry of<br />
Energy and Infrastructure for Energy<br />
and Petroleum Affairs, H.E. Saif Al<br />
Suwaidi, Director General of the General<br />
Authority of Civil Aviation, and other<br />
officials involved in the sector, as<br />
<strong>The</strong> UAE plans to achieve net-zero<br />
domestic carbon emissions by 2050,<br />
investing billions in the development<br />
of renewable energy sources that will<br />
meet half of its demands.<br />
well as leaders of the national airlines<br />
and major companies operating, were<br />
present when the announcement was<br />
made.<br />
On this occasion, H.E. Engineer<br />
Sharif Al Olama said: “Thanks to the<br />
directions of the wise leadership led<br />
by His Highness Sheikh Mohamed bin<br />
Zayed Al Nahyan, President of the State,<br />
and his brother, HH Sheikh Mohamed<br />
bin Rashid Al Maktoum, Vice President,<br />
Prime Minister and Ruler of Dubai,<br />
to promote future solutions to global<br />
climate challenges, the latest of which<br />
was the announcement of the UAE<br />
Net Zero 2050 strategic initiative, the<br />
Ministry of Energy and Infrastructure<br />
is keen to cooperate closely with its<br />
partners and proceed according to the<br />
existing plans aimed at expanding the<br />
areas of environmentally friendly energy<br />
use and launching quality initiatives and<br />
ambitious projects, especially those<br />
related to renewable (clean) energy<br />
aimed at supporting the country’s<br />
goals and future vision.” <strong>The</strong> ministry<br />
collaborates closely with its local,<br />
national, and international partners<br />
to advance climate neutrality, achieve<br />
sustainability in the energy sector, and<br />
speed up its transition.<br />
H.E. Saif Mohamed Al Suwaidi,<br />
Director General of the General<br />
Authority of Civil Aviation, said: “<strong>The</strong><br />
civil aviation sector in the UAE supports<br />
all strategic environmental goals set by<br />
ICAO. <strong>The</strong> decisions of the 41 General<br />
Assembly of the organization came<br />
to stress the international aviation<br />
community’s commitment to the<br />
ambitious long-term goal of net zero<br />
2050 strategic initiative. Accordingly,<br />
we must all work hard to prepare the<br />
infrastructure for our sector in order to<br />
<strong>March</strong> <strong>2023</strong> www.thefinanceworld.com 41