Future Innovation Summit, the first international innovation Summit for Healthcare, Education, Real Estate, Technologies, Telecommunication, Blockchain, Crypto & NFT. 13th & 14th October 2021, at Intercontinental Hotel, Dubai Festival City, Dubai - UAE The...
After years of preparation IWCB sees the light in a troubled moment in which however, according to Decanter magazine, “Italian fine wine sees ‘historic’ demand”. Recent figures (from Liv-ex) have cemented the notion that Italy is very much in fashion among fine wine...
“World’s No. 1 Family Office Investment Conference, where World Leaders & Elite Family Office Investors Unite Together to Invest and Create A Brighter Future” 3-5 October 2021 Dubai, Waldorf Astoria Palm Jumeirah Hosted by Sir Anthony Ritossa, Chairman of Ritossa...
The biggest Blockchain event in the Middle East, the World of WEB3 Summit, will take place on the 14-15th of October 2021, in one of the biggest cities of UAE and a new Blockchain hub of the Middle East, in Dubai. WOW Summit will connect more than a thousand...
The Dubai government announced a further Dh1.5 billion worth of economic stimulus measures, bringing the total support given to businesses during the pandemic to Dh6.3bn. The government will extend the reduction of municipality fees paid by hoteliers and restaurants on sales to 3.5 per cent, from 7 per cent, for the remainder of 2020. It will also continue to halve the ‘Tourism Dirham Fee’ charged on hotel stays.
Dubai Developments Group extends rental holiday for business tenants, Dubai gears up to attract tourists and residents in the summer, Dubai Municipality is also expediting payments to contractors and is returning performance bonds usually set aside until work is completed.
Fees charged to private schools for licence renewals are also being waived until the end of the year, customs clearance deposits are being reimbursed and some fines imposed by customs authorities are being cut by 80 per cent.
Dubai’s economy has faced headwinds as a number of industries including tourism, trade and real estate slowed after restrictions on movements were put in place to stop the spread of Covid-19.
Economy activity is now picking up as Dubai welcomed tourists back in July.
Dubai rolled out its first wave of economic stimulus measures aimed at supporting companies affected by the Covid-19 pandemic in March with a package of nine incentives for an initial three-month period. These included a freeze on the 2.5 per cent market fees for all facilities operating in Dubai, a refund of 20 per cent on customs fees imposed on imported products sold locally and a 10 per cent cut to water and electricity bills.
In a statement, Sheikh Hamdan also highlighted the “great strategic value” of Dubai’s small and medium-sized enterprises, which account for more than 99 per cent of businesses in Dubai, providing 51 per cent of the emirate’s jobs and 46 per cent of its gross domestic product, according to a 2019 study by Dubai SME, part of the Dubai government’s Department of Economic Development.
Also the Dubai Free Zones Council is considering plans to extend its stimulus package to support companies operating within the city’s free zones.
Patrizia Marin is journalist and chairman of Marco Polo Experience, a leading agency specialising in strategic communications, public affairs, marketing and media relations, with twenty years of experience in business internationalisation strategies, communication campaigns, media relations, mapping of the decision makers and community of interests’ relations.
Patrizia has been advisor to the Italian Presidency of the Council of Ministers for Communication, Publishing and Information. As regards the logistics and infrastructure sectors, she has been Head of Communications for the Venice Port Authority; Media Relations Consultant for Aeroporti di Roma; International pr advisor for Atlantia while Vice-President at FBC.
Patrizia is Contract Professor in Leadership and International Relations at the IULM University of Milan and has a degree in Law and International Political Science.