UAE set to attract more investments in region, says Dr Nagel

The Abrahamic Business Circle provides a platform for entrepreneurs and investors.

The UAE’s image as global hub will further strengthen as it is poised to see new dialogues which will attract more investments and opportunities in the region in 2022, said Dr Raphael Nagel, chairman, The Abrahamic Business Circle, on the sidelines of the recently concluded seminar  ‘Let Money Talk’ investment summit.

Dr Nagel, a popular business facilitator, heads The Abrahamic Business Circle (The Circle), which is an exclusive Private Members Network organisation focused on promoting global economic diplomacy through investments. One of The Circle’s initiatives for its exclusive members whose businesses are located in the UAE and Israel is to augment the multilateral economic partnerships between countries by providing a platform for entrepreneurs and investors to integrate into creating business collaboration.

The Circle provides a platform for entrepreneurs and investors, an economic hub for industries including startups, technologies, fundraising, and investments which underpin cooperation not only between the UAE-Israel but also on a global scale.

“Since the formation of The Abrahamic Business Circle, regional trends have reached a broader aspect. The Circle has grown into a global network of high-profile individuals and companies. We are expecting to see global transactions to provide entrepreneurial opportunities, which will promote

economic diplomacy,” said Dr Nagel. “This year 2022’s initiative, The Circle will bring high-profile individuals and investors to Bogotá, Colombia under the high patronage of the President of the Republic of Colombia, Iván Duque Márquez.  In the later part of the year, the investor’s roundtable will be held at Zurich, Switzerland.”

Recently a high-level UAE delegation travelled to Israel to conclude talks on the Comprehensive Economic Partnership Agreement (CEPA) and, following the final round of negotiations, the agreed text is now being finalised ahead of an expected formal signing between the nations’ respective leaders in the coming weeks. The deal is expected to boost trade and increase investment, boost tourism, accelerate digital advances and promote collaboration in priority sectors such as energy, education, healthcare, food security, entrepreneurship, cybersecurity and advanced technology. The UAE-Israel CEPA will substantially reduce or remove tariffs on a wide range of goods, enhance market access for services, promote investment flows, create jobs, promote new skills, enhance climate action and deepen cooperation on strategic projects. It will also create mechanisms for SME expansion.

The relations between the UAE and Israel have witnessed significant development since the signing of the Abraham Accords in September 2020. As per the latest figures, the trade between the two countries grew to $700 million within one year of signing the accord.

Dr Nagel informed that The Abrahamic Business Circle’s event witnessed global members from 39 different countries who are reputed private investors, entrepreneurs, UHNWI, royal families, corporates and diplomats.