Its Xavier Blog

 In a monumental announcement, President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has declared 2025 as the Year of Community , under the unifying theme “Hand in Hand.” This nationwide initiative, set to run from January to December 2025, aims to foster deeper connections within families and communities across the UAE, while embracing the core values of unity, cooperation, and shared responsibility. Strengthening Bonds and Celebrating Cultural Heritage The Year of Community initiative seeks to enhance social cohesion by preserving the rich cultural heritage of the UAE, while also focusing on fostering intergenerational bonds. It invites individuals from all walks of life to come together in a collective effort to build a more inclusive and resilient society. By prioritizing the importance of family connections, cultural practices, and community-based engagement, the initiative lays the foundation for a future where everyone feels a strong sense of belonging. Emp...

 The migration of millionaires—high-net-worth individuals (HNWIs) with significant financial assets—has become a fascinating measure of global economic attractiveness and strategic competitiveness. According to recent reports, the United Arab Emirates (UAE) has emerged as the top destination for millionaires in 2024, outpacing other global powerhouses. This trend not only highlights the UAE’s appeal but also underscores the dynamic shifts in the preferences of the global elite. Here’s a detailed look at the top 10 countries attracting millionaires in 2024 and what sets each apart. 1.  United Arab Emirates: 6,700 Millionaires The UAE continues to dominate the charts as the leading choice for millionaire migration in 2024, with an impressive influx of 6,700 HNWIs. Why the UAE Leads Business-Friendly Policies: The UAE’s zero-income-tax regime, free zones, and relaxed visa policies provide significant advantages for entrepreneurs and investors. World-Class Infrastructure: Iconic...

 In a significant step towards regional cooperation, Iran’s Vice President and Head of the Department of Environment, Shina Ansari, met with UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi to discuss strategies for addressing pressing environmental issues. The meeting, held at the invitation of the UAE, highlighted the shared commitment of both nations to combat challenges such as dust storms and desertification. Strengthening Bilateral Relations The leaders expressed satisfaction with the deepening ties between their countries, emphasizing the importance of collaboration on environmental issues. Ansari reaffirmed Iran's readiness to work closely with the UAE on addressing environmental challenges, stating, “Effective solutions require unified efforts and joint initiatives.” Sheikh Mohammed welcomed Iran's proposals and emphasized the urgency of addressing environmental concerns for the sake of future generations. He described regional cooperation in this area as...

 The UAE data center market is experiencing remarkable growth, with projections indicating a surge from USD 1.26 billion in 2024 to USD 3.33 billion by 2030, at an impressive CAGR of 17.58%. This growth is driven by the country’s strategic position as a leading hub in the Middle East, coupled with government initiatives aimed at fostering digital transformation and infrastructure development. The market’s expansion is further fueled by 24 upcoming data center projects, highlighting the increasing demand for robust IT infrastructure to support the UAE’s growing digital economy. Investments in IT, electrical, and mechanical infrastructure are at the forefront of this transformation, paving the way for technological innovation and sustainability in operations. The UAE’s colocation market is witnessing significant growth, driven by the rising demand for cloud services. Global players like AWS, Microsoft, and Oracle, alongside strong regional operators, are shaping a competitive ecosyst...

 Sheikha Latifa Bint Mohammed Bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority, held a significant meeting with Professor Muhammad Yunus, Interim Prime Minister of Bangladesh, at the 55th Annual Meeting of the World Economic Forum (WEF) in Davos. The discussion centered on bolstering bilateral relations and exploring collaborative opportunities across multiple sectors, marking a new chapter in the UAE-Bangladesh partnership. Deepening Bilateral Relations The meeting highlighted the enduring friendship between the UAE and Bangladesh. Sheikha Latifa commended the historical ties that have shaped the relationship between the two nations and reiterated the UAE leadership’s unwavering commitment to enhancing this strategic partnership. “The UAE values its partnership with the People's Republic of Bangladesh, recognizing the importance of cooperation across various fields to achieve shared aspirations. Together, we aim to promote prosperity and progress for both...

 Microsoft has publicly acknowledged the UAE as a critical player in its global AI strategy, highlighting the country's proactive investments and forward-thinking approach to the burgeoning field. "It's a growing hub of innovation," affirmed Doug Dawson, the company's Vice President of Global Communications, during an exclusive interview with The National. He pointed to the establishment of Mohammed bin Zayed University of Artificial Intelligence (MBZUAI) in 2019 as a testament to the UAE's early commitment to AI. This foresight, according to Dawson, solidified the UAE's position as a significant hub for AI development. Microsoft's substantial $1.5 billion investment in G42, a leading UAE-based AI and cloud computing company, further underscores this commitment. This strategic partnership underscores Microsoft's confidence in the UAE's long-term vision for AI. Dawson emphasized the UAE's comprehensive approach to AI, extending beyond techno...

 President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed Her Excellency Dr. Shina Ansari, Vice President of the Islamic Republic of Iran and Head of the Department of Environment, during her official working visit to the UAE. The meeting, held at Qasr Al Rawdah in Al Ain, was attended by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court. Dr. Ansari conveyed greetings from Iranian President Dr. Masoud Pezeshkian, along with his best wishes for the UAE’s continued progress and prosperity. President Sheikh Mohamed reciprocated with warm regards to President Pezeshkian, expressing his hopes for growth and prosperity for Iran and its people. During the discussions, the two leaders explored avenues to deepen bilateral cooperation in key areas, particularly economic, trade, and sustainable development sectors . They emphasized the importance of fostering collaborative efforts that would enhance econo...

 Cleveland Clinic Abu Dhabi, a flagship of the M42 Group, has achieved a historic breakthrough in healthcare by successfully performing the UAE’s first robotic double kidney transplant from a deceased donor. This pioneering surgery highlights the country’s growing leadership in advanced medical technology and innovative patient care. Transforming Lives Through Innovation The surgery was performed on a 78-year-old Emirati man suffering from end-stage kidney disease. After three years of dialysis and mounting health complications, the patient was given a second chance at life through this groundbreaking procedure. Unlike traditional kidney transplants, this case required a dual kidney transplant due to the limited functionality of the donor kidneys, a scenario that arises when kidneys from deceased donors are unable to independently meet the metabolic needs of the recipient. By transplanting both kidneys, the medical team ensured the patient’s long-term recovery and restored full kid...

 Syria’s newly-appointed leader, Ahmed al-Sharaa, and UAE President Sheikh Mohammed bin Zayed Al Nahyan held a phone call on Friday to discuss cooperative measures aimed at supporting the Syrian people during the country’s critical transitional phase. The conversation comes shortly after al-Sharaa, head of the opposition coalition "Hayat Tahrir al-Sham" (HTS), took power following the overthrow of Bashar al-Assad on December 8. The coalition's success ended over 13 years of civil war, a conflict that claimed more than 500,000 lives and displaced millions. Since his appointment, al-Sharaa has made rebuilding Syria’s fractured society and economy a priority while re-establishing ties with the international community. During the call, the UAE president expressed solidarity with Syria and pledged support for humanitarian and developmental initiatives to ease the suffering of the Syrian people. Sheikh Mohammed emphasized the UAE’s readiness to assist Syria in achieving stabili...

 The United Arab Emirates (UAE) is set to experience robust economic growth, with the World Bank forecasting a 4% expansion in 2025, surpassing the Gulf Cooperation Council (GCC) regional average. This projection underscores the UAE's resilience and strategic positioning as a leader in economic diversification and development. UAE's Economic Outlook The UAE is expected to grow by 4% in 2025 , an improvement from the 2024 growth rate of 3.3% , despite being slightly lower than the previous projection of 4.1% by the World Bank. In 2026, the UAE’s growth rate is forecasted to climb further to 4.1% , solidifying its position among the region's top-performing economies. Regional Comparison The UAE’s growth forecast for 2025 places it ahead of its GCC counterparts, including: Saudi Arabia : 3.4% Bahrain : 3.3% Qatar : 2.7% Oman : 2.4% Kuwait : 1.7% In 2026, the UAE is expected to be among the top three fastest-growing GCC economies, trailing only Qatar (5.5%) and Saudi Arabia (5...

 In a move to further strengthen diplomatic and economic ties, Dr. Mohammed Ahmed Al Jaber, UAE Ambassador to the Russian Federation, held a meeting with Sergei Lavrov, Russia's Minister of Foreign Affairs. The dialogue reaffirmed the commitment of both nations to enhance cooperation and foster mutual understanding. The meeting provided an opportunity for the leaders to explore key areas of collaboration, exchange perspectives on pressing international and regional issues, and discuss developments within the BRICS framework. The focus was on leveraging shared opportunities and addressing global challenges through closer coordination. This high-level interaction underscores the UAE’s dedication to building robust alliances that support economic growth, regional stability, and international cooperation. Both sides reiterated their mutual interest in expanding trade, energy collaboration, and technological innovation while contributing to the broader objectives of sustainable developm...

 The United Arab Emirates (UAE) has successfully concluded the final round of negotiations with the Russian Federation for a Double Taxation Avoidance Agreement (DTAA) on income and capital. This landmark agreement highlights the UAE's commitment to fostering a business-friendly environment, enhancing economic cooperation, and eliminating tax-related barriers to investment and trade. Strengthening Bilateral Relations The negotiations, which took place at the UAE Ministry of Finance offices in Dubai, mark a significant step in fortifying the economic and trade relationship between the two nations. The UAE delegation was led by His Excellency Younis Haji Alkhoori, Undersecretary of the Ministry of Finance, with the participation of Shabana Aman Khan Begum, Executive Director of the Tax Policy Sector. The Russian delegation was headed by His Excellency Alexey Sazanov, Deputy Minister of Finance of the Russian Federation. The talks concluded with the initial signing of the draft agree...

 President His Highness Sheikh Mohamed bin Zayed Al Nahyan of the UAE and His Excellency President Abdel Fattah El-Sisi of Egypt convened in Abu Dhabi to discuss strengthening the enduring partnership between their nations. The high-level talks reflected the commitment of both countries to advancing bilateral cooperation and addressing key regional and global issues. Enhancing Bilateral Cooperation The discussions centered on expanding collaboration in critical sectors, including development, economic growth, and investments. The leaders underscored the importance of these initiatives in meeting the shared aspirations of their nations for sustainable progress and improved living standards. Sheikh Mohamed and President El-Sisi reaffirmed the historic bond between the UAE and Egypt, emphasizing their shared vision for fostering strategic partnerships that benefit both countries and the broader region. Shared Vision for Regional Stability Regional peace and stability were key prioriti...

 Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, has accepted an invitation from Nigerian President Bola Ahmed Tinubu to visit Nigeria in 2025. The invitation was extended during bilateral talks held on the sidelines of Abu Dhabi Sustainability Week (ADSW) 2025. The meeting highlights the growing partnership between the two nations, focusing on economic cooperation and shared development goals. President Tinubu, who attended ADSW 2025 as a guest of the UAE leader, commended the UAE's commitment to sustainability and innovation. He also expressed Nigeria’s readiness to foster deeper ties with the UAE, emphasizing the positive outcomes of recent economic reforms in his country. Tinubu noted that these reforms have bolstered investor confidence, leading to significant investments from global businesses, including international oil companies. In response, Sheikh Mohamed bin Zayed Al Nahyan expressed his admiration for Nigeria’s economic progress and reform ag...

 His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, held a significant meeting with His Excellency Shavkat Mirziyoyev, President of the Republic of Uzbekistan, at Qasr Al Watan in Abu Dhabi . The dialogue centered on enhancing cooperation between the two nations to achieve sustainable development and shared prosperity. This high-profile meeting took place during President Mirziyoyev’s official visit to the UAE, coinciding with his participation in the globally renowned "Abu Dhabi Sustainability Week" , hosted at the Abu Dhabi National Exhibition Centre (ADNEC). Key Takeaways from the Meeting: Strengthening Cooperation: Both leaders discussed various avenues for advancing bilateral relations, emphasizing innovation, economic growth, and sustainable initiatives. Welcoming Delegation: Sheikh Mansour extended a warm welcome to President Mirziyoyev and his accompanying delegation, highlighting the UAE’s commitment to fo...

 President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Shavkat Mirziyoyev, President of Uzbekistan, held a pivotal meeting at Qasr Al Shati in Abu Dhabi, underscoring their nations' dedication to fostering stronger ties and advancing sustainable development. The meeting took place during President Mirziyoyev’s official visit to the UAE to participate in Abu Dhabi Sustainability Week, a leading global platform addressing sustainability challenges. Deepening Bilateral Relations The discussions highlighted the shared commitment of both nations to enhance collaboration across vital sectors, reflecting a mutual aspiration for progress and prosperity. Key areas of focus included: Economic Growth and Trade: Strengthening trade relations and exploring new economic opportunities. Investment Partnerships: Encouraging bilateral investments to drive development initiatives. Renewable Energy Cooperation: Expanding joint projects in sustainable energy and environmental ...

 In a landmark ceremony held at Qasr Al Bahr in Abu Dhabi , President His Highness Sheikh Mohamed bin Zayed Al Nahyan of the UAE and His Excellency Dr. William Samoei Ruto, President of Kenya, witnessed the signing of the UAE-Kenya Comprehensive Economic Partnership Agreement (CEPA) . The agreement marks a significant step in strengthening trade, investment, and cooperation between the two nations, unlocking new opportunities across the Middle East and Africa. A Vision for Deeper Economic Ties His Highness Sheikh Mohamed bin Zayed Al Nahyan lauded the CEPA as a reflection of the UAE's commitment to fostering robust economic partnerships with Africa. He emphasized the agreement’s potential to boost bilateral trade and investment, particularly in key growth sectors such as agriculture, retail, healthcare, financial services, technology, and tourism. "Through this agreement, we aim to foster innovation, drive sustainable growth, and create new avenues for development, further str...

 During Abu Dhabi Sustainability Week (ADSW) 2025 , an important meeting took place between H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan , the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council , and The Right Honourable Christopher Luxon , the Prime Minister of New Zealand . This high-level discussion aimed to deepen the strong diplomatic and economic relations between the United Arab Emirates (UAE) and New Zealand , with a focus on sustainability, innovation, and shared global interests. A Momentous Meeting for Bilateral Cooperation The meeting, which occurred on the sidelines of the prestigious ADSW , emphasized both countries' commitment to strengthening their bilateral ties. The leaders of the UAE and New Zealand sought to explore opportunities to foster greater cooperation and collaboration in various sectors that are vital for long-term socioeconomic prosperity and environmental sustainability . Both leaders recognized the importance of work...

 The strategic partnership between Azerbaijan and the United Arab Emirates (UAE) showcases how shared aspirations and mutual trust can propel nations toward achieving common global objectives. From fostering trade and investments to spearheading sustainability and climate initiatives, this relationship has set a benchmark for international cooperation. Economic Ties That Drive Growth The Azerbaijan-UAE economic partnership is characterized by robust trade and investment activities. Between January and November 2024, trade turnover reached $88.92 million, complementing the $1.6 billion figure achieved in 2023. These numbers reflect the flourishing bilateral trade, including non-financial imports, exports, and re-exports. Investment flows between the two nations have also seen exponential growth. In the first quarter of 2024 alone, Azerbaijan invested $65.8 million in the UAE’s economy—nearly three times more than the same period in 2023. Meanwhile, UAE investments in Azerbaijan rose...

 The President of Kazakhstan, Kassym-Jomart Tokayev, arrived in the United Arab Emirates on Monday for a working visit, marking a significant step forward in enhancing the longstanding partnership between the two nations. Strengthening Ties at Qasr Al Shati President Tokayev was warmly received by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan at Qasr Al Shati in Abu Dhabi. Their discussions focused on strengthening bilateral relations and exploring new opportunities for collaboration in key sectors. The talks highlighted the themes of Abu Dhabi Sustainability Week, a global platform for fostering dialogue and the exchange of ideas to advance sustainability initiatives for the betterment of countries and communities worldwide. Expanding Economic and Strategic Cooperation His Highness Sheikh Mohamed bin Zayed underscored the robust ties between the UAE and Kazakhstan, which have flourished since their establishment in 1993. He emphasized the UAE’s commitment to deepen...

 The UAE has taken another monumental step in its quest for space exploration by signing an agreement to develop the EMA Lander, a critical component of the Emirates Mission to the Asteroid Belt (EMA). This ambitious mission highlights the UAE's growing leadership in space science and technology, aiming to unravel the mysteries of our solar system while fostering innovation and economic growth at home. Visionary Leadership Propels Space Innovation In the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence of the UAE, and Chairman of the Supreme Space Council, the UAE Space Agency and the Technology Innovation Institute (TII) formalized the agreement to design and develop the EMA Lander. This groundbreaking development will see the EMA Lander aboard the MBR Explorer spacecraft, eventually deployed to study the asteroid Justitia—the seventh in a series of targets in the asteroid belt beyond Mars....

 The UAE has once again demonstrated its strong commitment to humanitarian aid with the arrival of three major convoys carrying essential supplies to Gaza through the Rafah Border. As part of the UAE’s "Operation Chivalrous Knight 3," the convoys transported over 248.9 tonnes of crucial medical supplies, food, and essential equipment aimed at alleviating the suffering of the Palestinian people amid ongoing conflict. This significant operation follows the continued efforts by the UAE to provide life-saving aid to the Gaza Strip, where civilians have endured extreme hardship due to years of conflict, blockades, and the destruction of critical infrastructure. With the recent convoys, the UAE has reinforced its commitment to supporting Gaza, underlining its position as a leading global advocate for humanitarian aid. A Steady Flow of Essential Supplies The convoy that entered Gaza this week was composed of 35 trucks, each filled with supplies that are urgently needed on the ground...