The United Arab Emirates has once again been crowned the best place in the world for entrepreneurs, topping the Global Entrepreneurship Monitor (GEM) Report 2024/2025 for the fourth year running.

Outperforming 56 economies, the UAE has cemented its status as the ultimate hub for startups and small businesses, thanks to pro-business policies, easy access to funding, and a thriving investment scene.

UAE Leads in Business-Friendly Policies

The report reveals that the UAE ranks No.1 among high-income countries in 11 out of 13 key areas, including:

• Access to finance – Securing business funding has never been easier.
• Government backing – Tax benefits, reduced red tape, and strong policies to support startups.
• Education & training – Top-tier entrepreneurial learning from school to university.
• Market access – Fewer regulatory hurdles mean faster business growth.
• Tech & innovation – Cutting-edge research and development support.

Leadership’s Vision for a Global Business Hub

Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, hailed the UAE’s achievement, calling it proof of the country’s bold vision and leadership’s commitment to making it the best place for businesses to start, scale, and succeed.

She highlighted that the UAE is not just leading the region but making waves on the global stage, with ambitious plans under the “We the UAE 2031” vision to become the world’s premier destination for SMEs and the new digital economy.

What’s Driving the UAE’s Success?

The report credits several game-changing policies and investments, including:

$8.7 billion poured into innovation and SME growth under the Projects of the 50 initiative.
100% foreign ownership of businesses – making the UAE a magnet for global entrepreneurs.
Record-breaking foreign investment in 2023, proving confidence in the UAE’s economy.

Entrepreneurial spirit is alive and kicking:

• 67% of adults know an entrepreneur or believe they have the skills to start a business.
• 70% of Emiratis see strong opportunities for launching their own ventures.
• 78% of new entrepreneurs prioritise social and environmental impact.
• 75% of startup founders plan to hire at least six employees in the next five years.
• 80% aim to go digital, keeping up with the latest business trends.
• 55% of UAE entrepreneurs already serve international customers, strengthening the UAE’s status as a global business powerhouse.

UAE Officially the Best Business Environment

On top of ranking first in the GEM report, the UAE also topped the National Entrepreneurship Context Index (NECI), proving it has the most supportive environment for startups and businesses.

(Source: Wam)

Abu Dhabi bourse ended lower on Wednesday after the holidays, taking its cue from the global equity markets, as investors awaited details of US President Donald Trump’s tariff plans.

The Abu Dhabi stock market index fell by 0.4% ahead of President Trump’s announcement on reciprocal tariffs, reflecting investor concerns over a potential global trade war. Conversely, Dubai’s main share index experienced a slight gain of 0.3% on the same day.

The White House is set to reveal new reciprocal tariffs at 2000 GMT on Wednesday. These tariffs are expected to take effect immediately after Trump’s announcement, leaving investors fretting over the risks of an intensifying global trade war.

While the tariffs pose challenges, particularly for the aluminium sector, the UAE’s proactive measures, including boosting exports ahead of tariff implementations and making substantial investments in the US, demonstrate its strategic approach to navigating the complexities of international trade policies.

(Source: Reuters)

A new report has revealed how opening up flights between India and the UAE could slash fares, create jobs, and unlock over $1 billion in savings, but red tape is keeping passengers grounded.

The study, ‘Combined Skies: Unlocking the Benefits of UAE-India Aviation Liberalisation for Indian Travellers’, breaks down the huge economic benefits of expanding air services. Part of a broader investigation into a possible overhaul of UAE-India flight agreements, the report examines how tourism, trade, job creation, and even regulatory hurdles could be transformed by liberalisation. But with flights already packed, will authorities act before it’s too late?

Flights At Breaking Point!

India’s aviation market is soaring, set to double by 2030. UAE-India flights carried 19 million passengers in 2023, 30% of India’s total international traffic. Yet strict government limits on air services are choking growth, keeping flights expensive and hard to book.

Big Money, Bigger Roadblocks

The UAE is India’s third-largest trading partner, with trade soaring to $84 billion last year. More flights mean faster business trips, smoother cargo movement, and stronger economic ties. But without urgent action, both nations risk losing out on billions in trade and investment.

Tourism Nightmare?

UAE travellers flock to India for medical treatments, business, and holidays, but tight flight caps make trips more expensive and less frequent. Expanding air routes could supercharge tourism and create thousands of jobs in airports, airlines, and hospitality.

Passengers Could Save Big

More flights = cheaper tickets. A modest 5% annual increase in seat capacity could save Indian travellers $152 million by 2028. But go big, double capacity over five years, and that jumps to a jaw-dropping $1.05 billion.

Who Gets Cheaper Flights?

Not all routes will see huge price drops. Delhi–Dubai and Mumbai–Dubai are maxed out—more flights won’t slash fares much. But for smaller Indian cities, adding flights could send ticket prices tumbling and unleash massive demand.

India and the UAE are sitting on an aviation jackpot, but they need to act now before the opportunity flies away.

(Source: www.orfonline.org)