The best way of using public funds to encourage entrepreneurship has long been a source of debate. Market purists argue that a government’s role is primarily that of an enabler, in that its core focus should be on creating an environment in which capital can flow from investors to new businesses. The classic example of this approach is Silicon Valley, where a confluence...
A new financial centre for Abu Dhabi is taking shape on Al Maryah Island. Due to formally launch in 2015, Abu Dhabi Global Market (ADGM) is designed to promote the emirate as a global financial centre, develop the economy and make Abu Dhabi an attractive environment for financial investments. Developing the financial services sector is one of the seven pillars of Abu...
The expansion of the UAE’s non-oil sector over the past 10 years has been one of the major economic success stories to emerge from the country. A number of factors have combined to bring this about, nearly all of them a direct result of government policy. The nation’s openness as a business destination, the resulting expansion of the workforce and expatriate population,...
NATIONAL CHARACTER: Emiratis are known for their warm hospitality, a feature that is embedded in traditional culture, as well as modern business practice. They also take pride in their rich heritage.
Located in the west of the emirate, Al Gharbia has long been an important pillar of Abu Dhabi’s economy. In the coming years, it is set for substantial investment as the government looks to rejuvenate the region and ensure that local talent is retained and plays an integral role in development. As such, over the next two decades, a host of...
Located 160 km to the east of Abu Dhabi City, in the centre of a large oasis that has been inhabited for thousands of years, the “garden city” of Al Ain is known for its long history and traditional character. Unlike the gleaming towers of the capital, Al Ain is made up mostly of low-rise buildings in a traditional Arab style. The birthplace of...
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