Among the sovereign wealth funds that have always expressed interest in investing in Italy there is the Adia (Abu Dhabi Investment Authority), led by Pascal Duhamel, a sovereign wealth fund set up by the government of Abu Dhabi in order to make investments with the aim of allowing diversification as well as the internationalization of…
In 2016 the presence of Italian financial institutions in the UAE has significantly increased. Intesa SanPaolo has recently established an operating subsidiary in Abu Dhabi, while UBI Banca and SACE have opened their rep offices at the Dubai International Financial District (DIFC). Unicredit too intends to open a branch in the capital city within 2017….
With a view to Expo Dubai 2020, the Roads and Transport Authority announced an additional 15 km extension to the Dubai subway (4 km of underground line and 11 km of elevated line), reaching a total of 90 km, which will connect the Expo area with the heart of the city and the airport. The…
The United Arab Emirates is the 109th country to become a party to the Multilateral Agreement on Mutual Administrative Assistance on tax matters launched by the Organization for Economic Co-operation and Development (OECD). The international organization made the announcement by reporting the news of the signing of the document by the Ambassador of the United…
The 17th edition of the Dubai Air Show will be held from 15th to 17th May 2017. It is one of the leading aeronautics fairs worldwide. According to recent estimates the event ‒ which started in 1989 on the initiative of Fairs & Exhibitions Ltd in collaboration with the Government of Dubai, the Department of…
In mid-2013, the Government of the United Arab Emirates gave an impulse to the second stage of the development plan of one of the most impressive and significant infrastructure projects presently being built: the Etihad Federal Rail, a railway line that will connect Khalifa, the new port of Abu Dhabi, with Jebel Ali, Dubai’s Port,…
Dubai-Expo 2020 is starting, already in January 2017, to offer new business perspectives and opportunities for companies interested in developing and/or consolidating their presence in the country, in particular following the recent announcement of the publication of the calls for tenders for the production of Expo official licensed products. The products to be licensed will…
In the wake of the widespread distribution of renewable energy in the Middle East, Dubai Port World, a semi-governmental UAE company specializing in port operations, has had green light to the construction of what should become the biggest photovoltaic project in the Middle East, which will develop in the free trade zone of the port…
DEWA (Dubai Water and Electricity Authority – Government of Dubai) has recently announced the creation of the largest solar power plant in the world, located at the Mohammed Bin Rashid Al Maktoum Solar Park, with the aim of ensuring a secure supply of energy from sustainable sources and thus reaching the estimated target of 75%…
International bilateral conventions for the avoidance of double taxation are international agreements aimed at governing tax relationships between persons who operate in the contracting states. They are necessary in order to avoid the phenomenon of double taxation. Among the numerous conventions presently in force signed by the Italian State there is the Bilateral Convention signed…