The UAE will streamline operations for businesses by providing digital services, simplifying procedures and reducing costs for investors and owners of industrial businesses, as part of a new partnership signed between the Ministry of Foreign Affairs and International Co-operation and the Ministry of Industry and Advanced Technology.
The partnership will focus on providing digitised authentication services for industrial businesses, serving as a boost to the overall investment climate in the country and attracting more and talent from around the world, MoFAIC said in a statement on Thursday.
MoFAIC will support the provision of authentication services to factories through the digital services platform of MoIAT, with fees for industrial investors to be further reviewed.
“MoFAIC is working to improve customer experience and facilitate business through a package of upgrades that include digital transformation in line with the directions of the UAE government,” Faisal Lutfi, assistant under-secretary for consular affairs at MoFAIC, said.
The collaboration between MoFAIC and MoIAT is part of the 'Projects of 50', a series of major projects aimed at boosting the UAE's economy.
The move supports the UAE's digital push — this week, the UAE Cabinet approved a strategy in which the digital economy will contribute 20 per cent to the gross non-oil national economy in the coming years.
The partnership will also help boost the UAE’s high ranking in business facilitation indicators, enhance the competitive environment and create opportunities to access global markets in order to attract more investment, Mr Lufti said.
The UAE was ranked first globally in the latest edition of the Global Entrepreneurship Index, outperforming major global economies such as the US, the UK, Japan, Canada, South Korea and some EU countries. That is up from the fourth place in 2021 on the index, which is compiled by London-based Global Entrepreneurship Monitor.
The partnership will also accelerate the authentication procedures for businesses in line with the new industrial services platform launched by MoIAT to support the performance of the industrial sector, said Osama Amir Fadhel, assistant under-secretary for industrial accelerators at the ministry.
The number of customs exemption transactions and invoices, and certificates of origin from factories that required authentication totalled 175,000 in the past year, he said.
“Simplifying procedures and facilitating invoice authentication services for manufacturers improves ease of doing business and enhances the investment climate in the country,” Mr Fadhel said.
“This, in turn, will support the National Strategy for Industry and Advanced Technology and ensure the growth and prosperity of the industrial sector, enhance its competitiveness and support digital transformation processes in government procedures and services.”
Customs exemptions are granted to encourage the establishment of new industrial projects and includes the import of industrial products such as machinery, equipment, spare parts, raw and intermediate materials and semi-manufactured goods for production purposes.
MATCH INFO
Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')
Man of the match Son Heung-min (Tottenham)
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
Essentials
The flights
Return flights from Dubai to Windhoek, with a combination of Emirates and Air Namibia, cost from US$790 (Dh2,902) via Johannesburg.
The trip
A 10-day self-drive in Namibia staying at a combination of the safari camps mentioned – Okonjima AfriCat, Little Kulala, Desert Rhino/Damaraland, Ongava – costs from $7,000 (Dh25,711) per person, including car hire (Toyota 4x4 or similar), but excluding international flights, with The Luxury Safari Company.
When to go
The cooler winter months, from June to September, are best, especially for game viewing.
Mane points for safe home colouring
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UAE Falcons
Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Uefa Nations League
League A:
Germany, Portugal, Belgium, Spain, France, England, Switzerland, Italy, Poland, Iceland, Croatia, Netherlands
League B:
Austria, Wales, Russia, Slovakia, Sweden, Ukraine, Republic of Ireland, Bosnia-Herzegovina, Northern Ireland, Denmark, Czech Republic, Turkey
League C:
Hungary, Romania, Scotland, Slovenia, Greece, Serbia, Albania, Norway, Montenegro, Israel, Bulgaria, Finland, Cyprus, Estonia, Lithuania
League D:
Azerbaijan, Macedonia, Belarus, Georgia, Armenia, Latvia, Faroe Islands, Luxembourg, Kazakhstan, Moldova, Liechtenstein, Malta, Andorra, Kosovo, San Marino, Gibraltar
Abu Dhabi Sustainability Week
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
The biog
Full name: Aisha Abdulqader Saeed
Age: 34
Emirate: Dubai
Favourite quote: "No one has ever become poor by giving"
