The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
Around 20% of industrial value creation in Germany is under threat, according to a study published by the business association BDI on Tuesday.
Germany is under more pressure as a business location than ever before in what should be a wake-up call for urgent reforms and investments, BDI said.
Additional investment of 1.4 trillion euros ($1.55 trillion) is needed by 2030, according to the BDI study with Boston Consulting Group and the German Economic Institute IW.
"The risk of de-industrialisation due to the silent abandonment of many medium-sized companies in particular is continuously increasing and has already materialised," BDI President Siegfried Russwurm said in Berlin.
The study - conducted in collaboration with more than 30 companies and associations - shows that the main problems of Germany as a business location are high energy prices, labour shortages, too much bureaucracy, a lack of investment and high taxes.
It is the sum of structural problems that is slowing down Germany as a business location, and quick economic stimulus programmes are not the solution, the study said.
"Restoring our competitiveness is the most urgent task of the coming years," said Michael Brigl, head of central Europe at BCG.
The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
Companies had select sellers which hurt smaller players, reports find
The CBUAE explained that banks' capital and reserves do not include subordinated borrowings/deposits, but do include the current year's profits
Common queries highlight a broader need for clarity and understanding
Northern emirate has announced several investor-friendly measures
Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound