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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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Travel News<br />

UAE minister addresses challenges in space<br />

travel to unlock its potential<br />

<strong>The</strong> <strong>World</strong> Government Summit<br />

<strong>2023</strong> held in Dubai, with a focus<br />

on exploring solutions to<br />

global challenges. One of the<br />

key themes of the summit was space<br />

exploration, with H.E. Sarah Al Amiri,<br />

Minister of State for Public Education<br />

and Advanced Technology, addressing<br />

the challenges that must be overcome to<br />

unlock the full potential of space travel.<br />

<strong>The</strong> minister highlighted the need for<br />

cooperation and collaboration between<br />

nations to drive progress in this field.<br />

She also emphasized the importance<br />

of developing sustainable solutions<br />

for space travel, given the impact that<br />

human activities in space can have on<br />

the environment. <strong>The</strong> discussions at<br />

the summit reflect the growing interest<br />

in space exploration and the need<br />

for international cooperation to drive<br />

progress in this field.<br />

UAE Extends Visit Visa<br />

for just AED 200<br />

Tourists visiting the United Arab<br />

Emirates (UAE) have reason to<br />

celebrate, as the government<br />

has announced that they can<br />

now extend their visit visas for up to<br />

90 days for just AED 200. This move is<br />

aimed at encouraging longer stays and<br />

boosting the tourism industry in the<br />

country. Previously, visitors had to pay<br />

around AED 500 for a 30-day visa, and<br />

had to leave the country and re-enter to<br />

extend their stay. This new policy makes<br />

it easier and more affordable for tourists<br />

to enjoy all that the UAE has to offer,<br />

from world-class shopping and dining to<br />

stunning natural landscapes and thrilling<br />

adventure activities.<br />

Dubai Scraps Passport<br />

Rules and Saudi Expat<br />

Law Change<br />

Al Tayer Motors luxury fleet ensures <strong>World</strong> Government<br />

Summit delegates travel in style<br />

Al Tayer Motors, the official UAE<br />

importer-dealer for luxury car<br />

brands such as Jaguar, Land<br />

Rover, Ferrari, and Maserati,<br />

provided a fleet of vehicles to transport<br />

delegates in style during the <strong>World</strong><br />

Government Summit held in Dubai.<br />

<strong>The</strong> summit brought together leaders and<br />

experts from around the world to discuss<br />

topics related to government, innovation,<br />

and technology. Al Tayer Motors’ luxury<br />

fleet included a range of vehicles, from<br />

the powerful Land Rover Range Rover<br />

to the stylish Maserati Quattroporte. <strong>The</strong><br />

company’s commitment to providing the<br />

highest level of customer service ensured<br />

that delegates traveled in comfort and<br />

arrived at their destinations on time,<br />

adding a touch of luxury to the overall<br />

summit experience.<br />

<strong>The</strong> United Arab Emirates (UAE)<br />

has been making headlines<br />

with a series of visa and travel<br />

updates. Firstly, Dubai has<br />

announced that it will be scrapping<br />

its passport validity rule, meaning<br />

that visitors will no longer need six<br />

months validity on their passports to<br />

enter the city. This move is expected<br />

to boost tourism and make travel to<br />

Dubai more accessible. Meanwhile,<br />

Saudi Arabia has announced that it will<br />

be amending its expat residency laws,<br />

making it easier for foreign workers<br />

to change jobs and leave the country.<br />

Other updates this week include the<br />

extension of the UAE’s golden visa<br />

program, and the introduction of a<br />

new visa for remote workers.<br />

98 www.thefinanceworld.com <strong>March</strong> <strong>2023</strong>

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