Dubai Multi Commodities Centre (DMCC) has been awarded the Global Free Zone of the Year 2020 by Financial Times’ fDi Magazine for a record sixth consecutive year.
DMCC also received the award for Middle East Free Zone of The Year.
As many as 100 free zones were in the fray, including a high concentration of peers in the Middle East region.
Candidates were assessed for a range of criteria including growth rate, services, products and facilities available as well as the launch of new key initiatives supporting companies in the free zone.
The awards were judged by the Financial Times’ specialist editorial team and a panel of independent judges for each region.
In celebration of the award, DMCC has announced it will extend its Business Support Package for existing and new members until December 31, 2020.
As the largest commercial package ever released by DMCC, it offers a range of discounts to support businesses, reduce cost and safeguard operations against the impact of COVID-19.
DMCC is also set to announce further incentives in due course.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has highlighted the UAE's strong performance in the tourism sector by unveiling a record 9.7 per cent growth in hotel revenues in 2025.
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.
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