TBY AND THE UAE MINISTRY OF ECONOMY CONTINUE STRATEGIC PARTNERSHIP

Abu Dhabi, September 30, 2019—TBY will remain a strategic research partner of the UAE's Ministry of Economy (MoE) as it continues to document the Emirates' journey of economic development. To date, TBY is the only global media operating in the UAE with such an endorsement.

TBY has launched several research publications that chart the business landscape across the country. TBY's in-depth publications draw on the insights of the country's leading business and political figures with the most pressing economic trends serving as a wider focal point.

As the UAE economy continues to advance across a number of key areas, the MoE has been charged with implementing robust initiatives to steward this economic development. In line with growing an internationally competitive and diversified economy, the UAE has recently announced plans to overhaul its Foreign Direct Investment (FDI) laws. Consequently, a total of 122 economic activities across 13 sectors will be eligible for foreign ownership. This aims to consolidate the UAE's reputation as a regional and global business hub. Furthermore, the MoE recently announced plans to eliminate or reduce fees for 115 services with the goal of boosting domestic growth. H.E. Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs, affirmed that “The Ministry of Economy has always remained focused on deepening cooperation with partners in both public and private sectors within the country and on the global level on a continuous basis, as it is vital to strengthening the foundations for progress. As we continue to move ahead on the path of economic diversification and development by adopting innovative policies and strategies that consolidate the UAE's reputation as a regional and global business hub, economic research and documentation play a significant role in ensuring the success of these efforts. We are glad to renew this partnership with TBY and look forward to the positive outcomes of our collaboration to further enhance the attractiveness of the UAE's business and investment landscape."

In a world of increasing trade protectionism, The Business Year: Abu Dhabi 2020 will explore the impact of these themes along with the UAE's reputation as an attractive investment destination.

As we approach the next decade, several global trends remain constant; the Belt and Road Initiative (BRI), for example, will encompass around 30% of global GDP when fully realized. As the crossroads for global trade and commerce, the UAE is set to play a pivotal role in this initiative. In addition to this, the UAE will continue on a growth trajectory as a pioneer of innovative technological and creative development. The views of business leaders included in TBY's research serve as an intriguing observation on what future opportunities and challenges lay in store in regards to these trends.

TBY's Managing Director for the UAE, Neslihan Aydagül, expressed that, “As a platform for decision-makers and a comprehensive cross-sector investment guide, TBY is proud to build upon its successful partnership with the UAE's Ministry of Economy. Our country-specific publications, each featuring over 150 face-to-face interviews, are among the most comprehensive annual economic publications available internationally. TBY supports the aims of the government by offering an objective window into the business landscape."

The Business Year: Abu Dhabi 2020 will be released worldwide in 1Q2020. TBY's first-hand research reaches key international investors and members of the global business community, targeting international financial institutions, international corporations, investors, accountancy firms, industrial conglomerates, and governmental organizations. The Business Year: Abu Dhabi 2020 will be distributed extensively, both domestically and globally, and will reach an even larger audience via TBY's powerful network of digital platforms. All interviews and content will be also available on the key business information platforms: Bloomberg Terminal, Thomson Reuters Eikon, Dow Jones Factiva, and FactSet.