The UAE is working to attract the best talent to fulfill local requirements and attract foreign investment, as the country progressively announces sweeping new legal and professional reforms.
The comment came during an exclusive interview with Dr Thani Al Zeyoudi, the UAE Minister of State for Foreign Trade, on Dubai Eye 103.8's Business Breakfast.
Additionally, the UAE is home to numerous multinational companies that seek to recruit from the local talent market. Al Zeyoudi highlighted how the UAE must be able to provide the right ecosystem to aid its growth.
Recently announced changes to the work week that will align with the international standard, and laws that permit a younger workforce looking to gain real-time experience, are all part of a larger push towards the future of Dubai and the UAE into the next 50 years.
This development is however progressing in line with the future sectors, and those that the UAE deems a "priority sector" like agriculture-tech and space.
A strong professional growth rate and a highly accelerated knowledge sphere can cause individuals to explore options outside UAE that helped them reach that position.
Al Zeyoudi said the governing body is aware of this possibility and are tackling the situation by offering numerous career possibilities and growth prospects.
The UAE's Ministry of Energy and Infrastructure has participated in the World Hydrogen Summit & Exhibition in Rotterdam, a leading international platform bringing together policymakers, experts and industry leaders to discuss the future of hydrogen and sustainable energy systems.
US Secretary of State Marco Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar on Saturday, as the two sides discussed trade, visas, maritime security and energy supplies, while Washington cited progress on efforts to resolve the Iran conflict.
Dubai-based ENOC Group has signed an agreement with Abu Dhabi company Allied Biofuels Holding to explore the supply and distribution of sustainable aviation fuel, or SAF, from a new production facility being developed in Uzbekistan.
Mexico and the European Union have signed a long-stalled free trade agreement on Friday as they seek to decrease dependence on the US and partially insulate themselves from President Donald Trump's tariffs.
Starting June 1, a 5 per cent Value Added Tax (VAT) will be applied to parking services provided by Parkin and toll tariff and activation fees under Salik.
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