With the recent signing of the historic peace agreement, Israel and the UAE have taken steps in normalizing the ties between the 2 countries and formalizing a combined effort to research the COVID-19 pandemic. This could open ties between such industries as air travel, investment, security, telecommunications, and tourism.
Dubai International Financial Centre (DIFC) has recently unveiled a new license for tech companies, entrepreneurs and start-ups. With the license, DIFC company formation has now been made more efficient. The new license, dubbed "Innovation License,” is expected to attract different types of enterprises and businesses to the center.
FinTech Abu Dhabi recently announced that their Innovation and Startups team will be taking a virtual tour of 23 countries to solicit and correspond with founders of some of the most exciting early-stage financial technology sector startups from June through November of this year.
Even though there have been disruptions to the global trading landscape caused by the COVID-19 pandemic, this cloud really has a silver lining. By utilizing digital formats, nearly a quarter of a million members of the Dubai chamber of commerce have been exploring new market opportunities on a global scale.
Economic activities in Dubai and throughout the UAE appear to be returning to near normal levels. As one of the UAE’s largest trading hubs, JAFZA (the Jebel Ali Free Zone) announced the introduction of numerous incentives to support consumers and promote new Dubai company formation and JAFZA company formation.