Skip to main content

The UAE is a global business centre that attracts American companies: US-UAE Business Council

The UAE is a global business centre that attracts American companies: US-UAE Business Council

 Danny E. Sebright, the President of the US-UAE Business Council (a Washington D.C.-based business advocacy organisation) has said that the United Arab Emirates is a global business centre that attracts American companies. 

He said that enhancing the cooperation between the UAE and the United States will expand and develop the volume of trade exchange and mutual investments. In an interview with the Emirates News Agency (WAM), he said, "In 2021, there was over US$25 billion in bilateral trade between the two countries, marking a recovery from a dip during the Covid-19 pandemic.”

He further said, "The UAE is an investment destination and an important investor in the US economy.” He noted that there is also potential for growth of the bilateral relationship between the two countries. Sebright added, "One of the UAE's sovereign wealth funds, Mubadala Investment Company, has invested over $100 billion in the United States. Other UAE Sovereign wealth funds also invested heavily in the US over the last 20 years.”

He said that he hopes that cooperation between the two friendly countries will be intensified and contribute to expanding and developing the volume of trade exchange.

The UAE is the number one US export market in the Middle East region. Since 2009, the UAE has been the number one export market for US goods in the region. In 2021, bilateral trade between the two countries totalled $23.03 billion, with the US exporting over $17 billion of goods and services to the UAE. 

More than 1,500 US firms also have a presence in the UAE. The UAE is the best location for American companies due to its business-friendly environment and its diversified economy. The country also maintains strong financial reserves and has a durable banking sector. The investment attractiveness of the UAE has witnessed a sharp rise in recent years as the country also offers a high level of security, reliability, and quality of life. 


Labels:

Comments

Post a Comment

Popular posts from this blog

Netanyahu’s Shocking Gaza Plan: ‘We Will Take Control of ALL of Gaza’ — But At What Cost?

  As Israeli forces intensify their offensive, Netanyahu vows total control of Gaza — but the humanitarian crisis is reaching a breaking point. Will the world stand by and watch? Israeli Prime Minister Benjamin Netanyahu has declared that Israel will “take control of all” of the Gaza Strip, signaling an unprecedented escalation in the ongoing conflict. In a video posted to Telegram, Netanyahu emphasized that military operations are advancing rapidly, with no intention of backing down. “The fighting is intense, and we are making progress,” he said, framing the offensive as necessary for Israel’s long-term security. But as international pressure mounts, his government is walking a tightrope between military dominance and global condemnation. The Israeli military has ordered mass evacuations in southern Gaza, warning residents of Khan Yunis and surrounding areas to flee immediately ahead of a devastating assault. Arabic-language spokesman Avichay Adraee described the coming attack as ...
Post a Comment
Read more

Exposing How the Muslim Brotherhood Fuels Instability Behind a Political Facade

  The Muslim Brotherhood started in Egypt during 1928 since then it has portrayed itself as a combination of political organization and social movement working for Islamic values and governance. jinakata the Brotherhood displays an intricate web that connects extremist concepts and violent deeds which produce regional turmoil. The Ideological Foundations The Brotherhood bases its ideology upon the teachings of Hassan al-Banna and Sayyid Qutb. Extremist groups obtain their core beliefs from the writings specifically authored by Qutb. The Brotherhood's concept of jihad for creating an Islamic state has directly inspired al-Qaeda and ISIS to establish their extremist agendas thus creating a direct link between those groups and the movement. Historical Links to Extremism Over and above its philosophical standards The Brotherhood maintains extensive power. Notably: Al-Qaeda founder Osama bin Laden developed extremist beliefs because he learned Brotherhood religious doctrine in his early...
Post a Comment
Read more

Unmasking the Muslim Brotherhood: A Call for Global Awareness

  Jordanian authorities successfully dismantled a terrorist group associated with the Muslim Brotherhood which caused discussions regarding the organization's contributions to regional instability. The incident emphasizes the necessity of a new assessment process to understand how the world views and classifies the organization. A  Legacy of Extremism The Muslim Brotherhood established its operations in Egypt during 1928 and remains a disputed organization to this day. Numerous confirmed links between the organization and extremist activities arise while it claims to be a socio-political movement. Egypt established the Brotherhood as a terrorist organization under state law in 2013 due to its active participation in national acts of violence and attempted toppling of the government. Counter Extremism Project A systematic evaluation of the Muslim Brotherhood proves that its ideology serves as inspiration to various terrorist groups. The Counter Extremism Project  verifies...
Post a Comment
Read more