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Mohammed bin Rashid launches Dubai Economic Agenda ‘D33’ with total economic targets of AED 32 trillion over the next 10 years

Agenda aims to double the size of Dubai’s economy and consolidate its position among the top 3 global cities


Mohammed bin Rashid: “2033 will mark 200 years since the foundation of Dubai, the year in which Dubai will be the most important global business centre”


“Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contribution from digital transformation”


The new Dubai Economic Agenda includes 100 transformative projects
‘D33’ aims to double the emirate’s foreign trade to AED25.6 trillion and add 400 cities as key trading partners over the next decade

HONG KONG SAR – Media OutReach – 6 January 2023 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Dubai Economic Agenda ‘D33’ with the ambitious goals of doubling the size of Dubai’s economy over the next decade, and consolidating its position among the top three global cities.


HH Sheikh Mohammed
bin Rashid said: In line with our long-standing tradition of launching key new initiatives on 4 January, today we approved the Dubai Economic Agenda ‘D33’ that aims to double the size of Dubai’s economy in the next decade and consolidate its position among the top three global cities”.

HH Sheikh Mohammed added: “The Dubai Economic Agenda ‘D33’ includes 100 transformative projects, with economic targets of AED32 trillion over the next 10 years, doubling our foreign trade to reach AED25.6 trillion and adding 400 cities as key trading partners over the next decade”.

HH Sheikh Mohammed further said: “Dubai will rank as one of the top four global financial centres with an increase in FDI to over AED650 billion over the next decade and an annual AED100 billion contribution from digital transformation. Over 300,000 global investors in Dubai today are helping build Dubai into the fastest growing global city”.

Sheikh Mohammed added: “2033 will mark 200 years since the foundation of Dubai: the year in which Dubai will be the most important global business centre, and by then we would have completed the D33 Agenda. We know our economic path over the next decade. The world makes way for those who know what they want.”

The launch of the ‘D33’ Agenda formed part of HH Sheikh Mohammed’s annual address on the anniversary of his Accession Day on 4 January.

An ideal environment for investment

The ‘D33’ Agenda includes the launch of innovative projects that will help achieve HH Sheikh Mohammed’s vision to make Dubai the world’s best city to live and work in. The value of the total targets set by the Dubai Economic Agenda ‘D33’ is AED32 trillion by 2033. The Agenda will drive sustainable economic growth through innovative approaches.

The Dubai Economic Agenda ‘D33’ aims to accelerate growth by investing in human development, skillsets and advanced technology and consolidating Dubai’s global competitiveness, innovation and knowledge-based economy. The Agenda will invest in enhancing the advantages gained from Dubai’s strategic location and its advanced infrastructure to raise the city’s status as a preferred destination for major international companies and investments.

Ambitious goals

The Dubai Economic Agenda ‘D33’ sets ambitious goals including raising the total value of foreign trade in goods and services from AED14.2 trillion in the past 10 years to AED25.6 trillion in the next decade.

The ‘D33’ Agenda also aims to raise the contribution of Foreign Direct Investment (FDI) to Dubai’s economy from an average of AED32 billion annually in the past decade, to an average of AED60 billion annually in the next decade to reach a total of AED650 billion over the next 10 years.

The ‘D33’ Agenda will see a growth in government expenditures from AED512 billion in the past decade to AED700 billion in the next decade, with increased investment in future growth sectors and further development of traditional trade and economic sectors.

One of the pivotal goals of the ‘D33’ Agenda is to raise the competitiveness of the city’s thriving business sector, which will enable the increase of private sector investment from AED790 billion in the past decade to AED1 trillion by 2033.

The ‘D33’ Agenda also aims to increase the value of domestic demand of goods and services from AED2.2 trillion in the past decade to AED3 trillion in the coming decade, in line with Dubai’s vision for enhancing its vibrant trading sector and diversified economy.

Other objectives of the ‘D33’ Agenda include generating new economic value from digital transformation, at an average of AED100 billion annually. The digital economy is a major pillar in the Agenda, with Dubai embarking on a new phase in which it seeks to pioneer and sustain the growth of an economy based on knowledge, innovation and future technologies.

Major priorities for the next decade

The Dubai Economic Agenda 2033 focuses on a set of key priorities for the next decade, including raising the value added of the industrial sector and promoting export growth, contributing to sustainable economic growth, and achieving self-sufficiency in a number of key sectors and industries, including manufacturing. Other key priorities include making Dubai one of the five leading logistic hubs in the world, and one of the top four global financial centres. The Agenda also seeks to increase the productivity of Dubai’s economy by 50% through innovation and digital solutions.

Moreover, the Agenda aims to integrate new generations of Emiratis into the private sector, making Dubai a hub for skilled workers, the fastest growing and most attractive global business centre, and an international hub for global multinational companies (MNCs) and national SMEs.

Another key priority of the ‘D33’ Agenda is to make Dubai one of the top three international destinations for tourism and business by providing a globally competitive environment for business sustainability and driving down the cost of doing business across a number of sectors. The ‘D33’ agenda aims to enhance the city’s position as a fast growing and attractive business hub with world-class quality of life and ensure the highest levels of security and safety for Dubai’s citizens and residents.

First set of projects

The Dubai Economic Agenda ‘D33’ seeks to add 400 cities as key trade partners and launch the Dubai Economic Corridors 2033 initiative, which will enhance existing foreign trade relations with Africa, Latin America and Southeast Asia.

The Agenda will include a programme to support the growth of 30 companies in new sectors to become global unicorns, and integrate 65,000 young Emiratis into the workforce and the private sector. The Dubai Traders Project (DT33) will empower a new generation of Dubai traders in various major growth sectors, driving growth in the city’s vibrant trading hub.

The first set of projects of the Agenda also include the Dubai Unified License that will provide a unique commercial identity for all companies across economic zones, and ‘Sandbox Dubai’, which aims to make Dubai a major hub for incubating business innovation by enabling the testing and marketing of new products and technologies.

Agenda ‘D33’ also includes the launch of the Dubai Project to attract the world’s best universities, as part of the broader aim of making Dubai a leading global hub for higher education, and a programme to promote the growth of SMEs by identifying 400 high-potential companies and supporting their capacity-building and global expansion.

Hashtag: #DubaiEconomicAgendaD33

The issuer is solely responsible for the content of this announcement.

Bank of the Lao PDR to Issue Bonds Worth LAK 1 Trillion

Bank of Lao PDR.

The Bank of the Lao PDR has announced that LAK 1 trillion in special bonds* will be available for people in Laos to purchase starting Monday, 9 January.

Is Laos Ready to Welcome Tourists from China?

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OMNI Expands to over 500 restaurant outlets this Veganuary with Award-winning Plant-based Pork and Seafood

From Land to Sea: OMNI to reach new outlets across the UK

LONDON, UNITED KINGDOM – Media OutReach – 6 January 2023 – OmniFoods, makers of the OmniPork and OmniSeafood series, announced today that its 100% plant-based pork and seafood proteins are being served in more than 500 restaurant outlets across 30 restaurant banners this Veganuary. Following the launch of OMNI Golden Fillet at Greene King pubs last October, the Vegan Fish & Chips dish has received overwhelmingly positive feedback, and has already bagged an award for “Best Vegan Fish dish” by PETA UK, making it a must-try this Veganuary.

OMNI’s popularity is growing among flexitarians in the UK with new offerings ranging from Asian favourites to Great British Pub Food. This Veganuary, diners can fully experience “The OMNI Way” to a better Veganuary with plant-based dishes for any occasion including dumplings, gua bao, ramen, poke bowls, kimbaps, musubi, banh mi, burgers & wraps, fish & chips, pasta, steak and much more.

Here are a few highlights: In London, world-renowned Chinese restaurant Din Tai Fung is serving OMNI Luncheon Fries and OmniCrab Cakes appetisers at their Center Point and Covent Garden branches (bar area); Latin-Japanese street food specialists Sugoi JPN are serving Vegan Tonkotsu Ramen with OMNI Luncheon; Up North, Fisherman’s Bay in Whitley, one of the top 20 Fish & Chips takeaways in the UK, is serving NO-Fish & Chips using OMNI Golden Fillet; In Manchester, a Hong Kong style cafe (known as Chaan Tengs) 1998 Café and bakery A Little Sweet, are serving hot and spicy Braised Eggplant with OMNI Mince and OMNI Luncheon Egg Crispy Burger respectively; Down South, Oowee Vegan in Brighton & Bristol is launching the NEW Surf N Surf Burger, which features the OMNI Ocean Burger topped with fried shrimp and sriracha & lime slaw; the world’s first plant-based steakhouse The Queen Inn in Cwmbran is serving an entirely new Veganuary menu featuring OmniSeafood. Last but not least, PETA UK’s “Best Vegan Fish Dish” is being served at more than 250 Hungry Horse pubs, 160 Greene King Local pubs, and 70 Farmhouse Inns pubs owned by Greene King, available across the UK.

For the full restaurant list, please visit: http://bit.ly/UK2023Veganuary

Follow OmniFoods on social media @omnifoods.uk now to witness the impact that food has on health, animals, and the world.

Hashtag: #OmniFoods

The issuer is solely responsible for the content of this announcement.

About OmniFoods

OmniFoods, the food innovation arm under Green Monday Holdings, is a global leading plant-based food company. With R&D in Canada and distribution network in over 20 markets, OmniFoods is partner to many of the world’s top restaurants and retail chains. OmniFoods’ products have received various international awards & accolades – OMNI Mince and OMNI Luncheon were awarded a One-star Great Taste Award in 2021, and OMNI Golden Fillet received the Silver Quality Award in the Monde Selection 2022.

Inflation in Laos Soars to its Highest Rate at 39.27 Percent in December

Lao kip to go digital

Inflation in Laos skyrocketed to 39.27% in December 2022, the highest rate of the year, according to the Lao Statistics Bureau (LSB).

Jollibee Group in Forbes List of World’s Best Employers for 3rd straight year

2022’s highest ranking restaurant company in the world

MANILA, PHILIPPINES – Media OutReach – 6 January 2023 – The Jollibee Group, Asia’s fastest growing restaurant company, has been recognized by Forbes as one of the World’s Best Employers for a third consecutive year. This recognition affirms the brand of care that Jollibee commits to its employees across the globe, which continues to contribute to a rising perception of the company as a world-class employer of choice.

For the third straight year, the Jollibee Group figures on Forbes’ list of the World’s Best Employers in 2022. The Jollibee Group is not only the highest ranked Philippine-based company in the listing but also the highest ranked restaurant company in the world.

For the third straight year, the Jollibee Group figures on Forbes’ list of the World’s Best Employers in 2022. The Jollibee Group is not only the highest ranked Philippine-based company in the listing but also the highest ranked restaurant company in the world.

The highest-ranking restaurant company and Philippine-based company on the Forbes 2022 global list, the Jollibee Group has continued to rise up the rankings since it was first included in 2020. The Company’s rank rose to 106th this year, a significant jump from 239th and 256th positions it enjoyed in 2020 and 2021 respectively.
“We are honored and grateful to receive this global recognition, which validates our company’s commitment to providing excellent care to our employees. By incorporating a People Agenda into our business strategy, we can capitalize on our people’s strengths and provide them with opportunities for growth and development,” said Jollibee Group President and CEO Ernesto Tanmantiong.
Forbes and its market research partner Statista polled 150,000 employees from 57 countries to assess companies based on their image, economic footprint, talent development, gender equality, and social responsibility. Respondents were also asked how willing they were to recommend their own employers to family and friends. The final list includes the 800 companies with the highest total scores.

Evolved People Agenda

“To support the business as we repositioned the Jollibee Group for post-pandemic growth, our People Agenda had to adapt. While we continued to prioritize the safety and wellbeing of our employees, we needed to focus on strengthening organizational capabilities, enhancing our talent development and succession, and creating new ways of working built around speed, agility, and collaboration,” said Arsenio Sabado, Jollibee Group Chief Human Resources Officer.
“Critical to the success of our People Plans is Employee Communications that keeps our leaders and employees up-to-date as our growth strategies evolve, and keeps everyone aligned with our mission of serving great-tasting food, and bringing the joy of eating to everyone. This deep sense of purpose and love for our brands are the intangibles that endear us to our employees and to their families, our communities, and ultimately to our customers,” he adds.
The Jollibee Group also adopted a hybrid model for office-based employees after more than two years of remote work, where they are onsite for two days and on remote work the rest of the week. This arrangement is part of Jollibee Group’s work reentry strategy which takes a more human-centered approach to redesigning new employees’ work-life experiences.
Aside from being recognized among the World’s best Employers for a third straight year, the Jollibee Group was also recognized by Forbes as one of the World’s Most Female Friendly Companies in 2021.
It is also the first-ever Philippine-based company to be recognized with the Gallup Exceptional Workplace Award (GEWA) in 2020.
“We dedicate these awards to all our teams whose passion for excellence and commitment to our values have contributed to the continued growth of the Jollibee Group. The continued development of our employees and their welfare will remain our top priority as we acknowledge that our people are our biggest competitive advantage,” said Mr. Tanmantiong.

Hashtag: #JollibeeFoodsCorporation #JollibeeGroup #Business #QSR

The issuer is solely responsible for the content of this announcement.

Jollibee Group

Jollibee Foods Corporation (JFC, also known as Jollibee Group) is one of the fastest-growing restaurant companies in the world. It operates in 34 countries, with over 6,300 stores globally with branches in the Philippines, United States, Canada, the People’s Republic of China, United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, India, and Australia.

Jollibee Group has eight wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger); four franchised brands (Burger King, Panda Express, and Yoshinoya in the Philippines, and Tim Ho Wan in certain territories in China); 80% ownership of The Coffee Bean and Tea Leaf; 60% ownership in the SuperFoods Group that owns Highlands Coffee; and 51% ownership of Milksha, a popular Taiwanese bubble tea brand.

Jollibee Group, through its subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) owns 90% participating interest in Titan Dining LP, a private equity fund that ultimately owns the Tim Ho Wan brand. It also has a joint venture with the THW Group to open and operate THW restaurants in Mainland China. Jollibee Group also has a business venture with award-winning Chef Rick Bayless for Tortazo, a Mexican fast-casual restaurant business in the United States.

Jollibee Group was named the Philippines’ most admired company by the Asian Wall Street Journal for ten years. It was also honored as one of Asia’s Fab 50 Companies and among the World’s Best Employers and World’s Top Female-Friendly Companies by Forbes. In 2020, Gallup awarded the Jollibee Group with the Exceptional Workplace Award, making it the first Philippine-based company to receive the distinction.

Jollibee Group has grown brands that bring delightful dining experiences to its customers worldwide, thus spreading the joy of eating to everyone.

To learn more about Jollibee Group, visit

Vientiane Capital Sees Over 1,000 Road Accidents in 2022

A road accident in Vientiane Capital.

Laos recorded the most number of accidents in Vientiane Capital in 2022, with the majority of accidents caused by speeding.

Laos to Start Exporting Electricity to Cambodia in New Project

Laos, Cambodia to Cooperate in Power Transmission Line Project
Officials from Laos and Vietnam walking through a power grid (photo: Laopost)

The opening ceremony of the 500 KV power station and transmission line from Laos to Cambodia took place in Champasack’s Khong district on Tuesday.