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Monday 5 - 1 - 2015


Khaleej Times

Dubai: Dubai’s zero-deficit budget for fiscal year 2015 will boost business activity, stimulate economic growth and encourage investment into the emirate, top officials and senior executives say. The Dh41-billion finance document, which shows first operating surplus of Dh3.6 billion in six years, is certainly a confidence booster for businesses and a real testament to Dubai’s prudent fiscal policies, they say. Sultan Ahmed bin Sulayem, chairman of DP World, said Dubai is again underlining the growth of its economy by adopting the government sector’s no-deficit budget for 2015. “This budget reflects the vision of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, which aims to stimulate the economy by increasing general expenditure,” he said. Bin Sulayem, who is also executive chairman of Ports, Customs and Free Zone Corporation, said the budget is reducing the deficit by increasing revenues through the ongoing expansion of economic activity and through the resulting steady increase in governmental returns, which encourage investment and growth.

Gulf Today

DUBAI: The UAE Ministry of Economy has stepped up the preparations for the 5th Annual Investment Meeting (AIM), to be held from 30 March - April 1, 2015 at the Dubai International Convention and Exhibition Centre. The AIM, which will be held under the theme ‘Sustainable Development Through FDI-Induced Innovation and Technology Transfer’, has attracted representatives from more than 140 countries, with ‘Innovation’ as main discussion topic. Sultan Bin Saeed Al Mansoori, UAE Minister for Economy, has lauded the forum’s theme, as it comes at a time when the UAE is focusing on ‘Innovation’, reflected in recent announcement of the UAE Cabinet under the directive of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE that 2015 would be the year of innovation. The UAE Federal Government will launch a seven-year, integrated national strategy for innovation, comprising 30 phases, to push the UAE to innovation forefront globally.

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