Leadership

Leadership

UAE Dominates Arab Economies

In a resounding victory, the United Arab Emirates has clinched the title ofthe most economically competitive nation in the Arab world, as revealed inthe latest Arab Economic Competitiveness Index by the Arab MonetaryFund (AMF). The seventh edition of the AMF’s Arab EconomicCompetitiveness Report underlines the UAE’s unwavering progress in keysectors, solidifying its robust overall economy, increasingly attractiveinvestment climate, and growing allure under the visionary leadership ofPresident His Highness Mohammed bin Zayed Al Nahyan.The report highlights the UAE’s stellar performance, securing the topposition in the government financial sector index, leading in thedeficit/surplus to GDP ratio, and claiming the second spot in the tax burdenindex. Notably, the UAE also takes the lead in the investment environmentand attractiveness category, dominating the economic freedom indexacross all sub-indices.In the infrastructure sector, the UAE reigns supreme, excelling in mobilephone subscriptions and population access to electricity. The nation alsosecures the second position in the share of air transport and shipping,contributing significantly to global transport and shipping.The report emphasizes the UAE’s outstanding performance in institutionaland good governance sectors, ranking first among Arab countries inadministrative corruption and government efficiency indices. Thecomprehensive analysis by the AMF applauds the UAE’s multifacetedstrategies, encompassing national visions and strategies to boostproductivity, enhance goods efficiency, and focus on productive sectors.The shared ambition of economic stability, sustainable growth, andimproved living standards for Arab citizens is at the core of these nationalefforts. Arab countries are deploying a diverse toolkit, from fostering localindustry investments to creating attractive business environments forforeign capital. Recognizing the crucial role of skilled citizens, substantial investments ineducation and workforce training are underway across Arab nations. Theaim is to equip the workforce with expertise needed to thrive in productivesectors and service industries. Massive infrastructure projects arereshaping transport networks, port facilities, and logistics services,positioning these nations as formidable contenders in the globalmarketplace.The AMF report anticipates that the enhancement of economiccompetitiveness and productivity will lead to diversified Arab economies,increased employment opportunities, sustainable economic development,and an elevation of citizens’ living standards. The UAE’s triumph stands asa testament to its commitment to excellence and innovation in the pursuit ofeconomic prosperity.

Banking & insurance, Blue Chips, Chambers, Companies, Markets, UAE

“Remarkable Surge: Pakistan Achieves 3,300+ Company Registrations in Dubai Chamber of Commerce for 2023”

“Pakistan Sees Surge in Business Presence: Over 3,300 Companies Join Dubai Chamber of Commerce in Q1 2023” In the first quarter of 2023, more than 3,300 Pakistani companies joined the Dubai Chamber of Commerce (DCC), according to the country’s top diplomat in the United Arab Emirates (UAE). This development highlights the dynamic nature of Pakistani businesses and the growing appeal of the UAE as an investment destination. The DCC reported a total of 30,146 new companies joining in the first quarter, with India leading with 6,717 companies, followed by the UAE with 4,445 firms. Pakistan secured the third position with 3,395 new business entities, marking a significant 59 percent increase from the same period last year. The overall count of Pakistani companies with DCC membership has now reached 40,315. Mohammad Ali Rashed Lootah, the DCC president and CEO, emphasized the diversity of nationalities among the new companies, highlighting Dubai’s vibrant business environment. Ambassador Faisal Niaz Tirmizi praised this positive development, emphasizing the resilience and entrepreneurial potential of the Pakistani business community and diaspora. The ambassador highlighted the strong economic fundamentals of the UAE’s economy, with a focus on diversification and global economic partnerships. He emphasized Dubai’s strategic position for Pakistani businesses to engage with other Gulf states and the Middle East. Tirmizi noted the significant increase in the number of Pakistani expatriates in the UAE, spanning various sectors. The embassy played a crucial role in facilitating business by maintaining active communication with the DCC and sharing opportunities with Pakistani chambers and the diaspora. Trade linkages between Pakistan and the UAE have expanded, leading to Pakistani businesses establishing local offices and registering with local chambers. The mission addressed issues such as non-tariff barriers and facilitated Pakistani firms’ participation in trade fairs, enhancing exposure to UAE markets. The ambassador revealed plans for a bilateral economic partnership agreement with the UAE by the end of September, presenting potential opportunities in goods and services sectors. Fakhruddin Diwan, chairman of the Pakistan-UAE business council, sees the inclusion of more Pakistani companies in the DCC as a significant achievement, anticipating strengthened foreign reserves and increased global exposure for Pakistani products.

Aviation, Companies, UAE

Emirates to Recruit 5,000 Cabin Crew

Emirates is celebrating the new year and the imminent arrival of its spanking new fleet of Airbus A350s with a global cabin crew recruitment drive with a difference. The 5,000 new joiners will ensure the airline’s commitment to offering the world’s best inflight experience maintains a steady course. The recruitment drive is designed primarily for those who will soon or have recently stepped into the world of work. The airline is inviting fresh graduates with internships or part-time jobs on their résumés, those with a year or so of hospitality or customer service experience, and individuals keen to embark on an exciting career travelling the globe. The new recruits will be a part of the world’s largest international airline and one of the most iconic brands, plus they will learn hospitality and life skills from the best trainers in the business. What’s more, they will travel the world across more than 140 cities in 76 countries and enjoy the entire gamut of benefits working as Emirates’ cabin crew. Click here for the eligibility criteria. Recruitment drive In 2024, Emirates’ recruitment team will host open days and assessments in more than 460 cities across six continents, reflecting the span of the airline’s network and the diversity of its cabin crew team, while flying the flag for living and working in dynamic Dubai. In 2023, Emirates hired a staggering 8,000 cabin crew and held recruitment events in 353 cities as the airline ramped up its services post the pandemic. In August 2023, the airline’s cabin crew numbers crossed the 20,000 milestone and are now 21,500 strong. Fleet and network expansion The new cabin crew recruitment drive comes as Emirates begins to take delivery of its eagerly anticipated A350s from mid-year and the Boeing 777-Xs starting in 2025. The airline has 65 A350s and a mix of 205 777-9s and 777-8s in its order book. The new aircraft will expand the airline’s reach and provide flexibility to add new routes to its network. Training and life skills All new cabin crew recruits undergo an intense eight weeks of training in delivering the highest standards of hospitality, safety and service that Emirates’ customers have come to expect over the years. Trained in Emirates’ state-of-the-art facility in Dubai, cabin crew learn invaluable transferable skills that include a knack for communications, initiative and leadership qualities. They develop the ability to work effectively in a multicultural team, the focus to stay mentally strong and calm under pressure, becoming bastions of hospitality and exceptional service, and ambassadors of an iconic brand. Cabin crew also have access to the latest training programmes and LinkedIn courses. What new joiners say Ane Monego Castagna from Italy, who joined May 2023 said: “Sometimes you’ve got to chase your dreams, other times the dream chases you. In April last year, I received the ‘golden call’ that changed my life. During training, I was amazed by the knowledge and skills imparted to us and what it took to become an Emirates cabin crew. The opportunity to make friends for life, be super confident and to fly with the airline is priceless. Thanks to Emirates, the life I live today is better than anything I have ever dreamed of!” Robyn Clark from the UK, who joined in February 2023 said: “Working for Emirates is a job like no other. From the day I got the call to boarding every flight, I feel so proud of what I’ve accomplished. Putting on the iconic Emirates uniform every morning is a feeling I can’t explain – this really is a dream come true. I will always be grateful to Emirates for the memories I’ve made, the amazing experiences I’ve had travelling the world, and being able to come back from my journeys to Dubai – one of the safest and most vibrant cities globally – that I now call home.” Cabin crew community Emirates’ multicultural cabin crew team hail from more than 140 nationalities and speak a staggering 130 languages – which is why customers can always expect to converse with a warm, friendly voice in their own lingo. Crew form lifelong friendships and close-knit bonds within the community, fostering better teamwork, a common sense of purpose and a shared service philosophy. Cabin crew experience excellent career progression, including upgrading to higher cabin classes, and becoming a cabin supervisor, purser or trainer. Today, the airline has 1,180 pursers who have climbed the career ladder after successfully completing exacting training and assessments. Crew also have the opportunity to apply for internal vacancies throughout the Emirates Group. The cabin crew life Emirates’ cabin crew lead a cosmopolitan lifestyle in vibrant Dubai, living with 200 nationalities in a city renowned for its hotels, restaurants, food scene, leisure activities and for being one of the safest in the world. Emirates’ cabin crew enjoy a competitive, tax-free salary and flying pay, eligibility for profit share, hotel stays and layover expenses, concessional travel and cargo, annual leave, annual leave ticket, furnished accommodation, transportation to and from work, excellent medical, life and dental insurance coverage, laundry services and other benefits. Friends and family enjoy deeply discounted flight tickets, and travelling with their loved ones creates lasting memories for crew.

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