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Census 2023 results confirm Abu Dhabi’s position as a preferred destination for living, working and doing business

Published

3 months ago

June 12, 2024

ABU DHABI, UAE, June 12, 2024 /PRNewswire/ — According to Abu Dhabi Census 2023 data, the population of Abu Dhabi has reached 3.8 million people, nearly doubling (an increase of 83 per cent) since 2011. This sustained upwards trajectory reflects the economic growth of the emirate.

Abu Dhabi Census 2023 shows that the number of skilled workers has never been higher among the total workforce, signaling a shift towards a high-value, knowledge-based economy. The number of white-collar workers in Abu Dhabi has increased twice as fast as that of blue-collar workers (109 per cent compared to 65 per cent growth) since 2011. This is the result of a determined policy drive over the past decade to transition to a knowledge-based economy, leveraging the emirate’s diverse talent pool.

Data also indicates that the emirate has experienced significant changes in its economic landscape, with its non-oil GDP increasing by 59 per cent since 2011. This transformation has elevated non-oil GDP to a majority of the economy at 53 per cent in 2023, up from 46 per cent in 2011 when the last census took place.

According to official data, Abu Dhabi has seen a 300 per cent increase in foreign investment since 2011. With a GDP of $310bn achieved in 2023, Abu Dhabi accounts for 60 per cent of the UAE’s economy. The UAE ranks 16th in the world for ease of doing business, in part due to its Golden Visa scheme encouraging innovation and entrepreneurship, introduced in 2019. Other factors driving growth include a world-leading investment environment, a surging technology sector, and the safety and stability of the country. The ADX stock exchange, whose market capitalisation reached $806bn in 2023, has skyrocketed 10-fold since 2011.

In recent years, a number of leading hedge funds and global investment banks have set up offices in the UAE capital, including Goldman Sachs, Morgan Stanley, BNP Paribas, among others. According to the Abu Dhabi Global Market, over 125 leading global firms, including hedge funds and asset managers, are expected to move to the Emirate of Abu Dhabi in the near future.

In May 2024, S&P Global Ratings affirmed its AA/A-1+ sovereign credit ratings on Abu Dhabi, which reflects the expectation that the emirate’s economy will remain strong over the next period. The latest Moody’s and Fitch ratings have also affirmed a stable outlook for Abu Dhabi.

His Excellency Ahmed Tamim Hisham Al Kuttab, Chairman of Department of Government Enablement – Abu Dhabi, and Chairman of the Higher Census Committee, said: “This census is the first to rely entirely on government registers rather than field surveys, representing an innovative new way to obtain up-to-date data on the population. This new methodology, made possible by exceptionally high levels of coordination and integration between the relevant government entities, will enable Abu Dhabi policy to be highly responsive to real-time data over the coming years.

“It is an important step towards strengthening national efforts to improve the quality of services and support comprehensive development plans in the emirate of Abu Dhabi. The census’ output supports the decision-making process and will help monitor variables and trends that entities rely on in formulating economic and social programmes and policies. The private sector also relies on this accurate data to make investment decisions.”

The census figures show that the UAE capital has become a thriving metropolis and global hub for innovation and economic growth. Supported by ambitious plans to expand key sectors and underpinned by its status as the safest city in the world, with an unparalleled quality of life, Abu Dhabi is poised for continued growth and expected to exceed 6 million residents by 2040.

About SCAD
Statistics Centre – Abu Dhabi (SCAD) was established by Law No. (7) of 2008 to organise and develop statistical work in the Emirate of Abu Dhabi. The Centre was reorganised by Law No. (5) of 2021, which placed SCAD under the Abu Dhabi Executive Office. In April 2023, in accordance with The Executive Council Decree No. (39) of 2023, SCAD’s affiliation was transferred to the Department of Government Enablement – Abu Dhabi.

For more information, please visit https://scad.gov.ae/

The Abu Dhabi Census portal can be accessed through this link: https://census.scad.gov.ae/home?lang=en

View original content:https://www.prnewswire.co.uk/news-releases/census-2023-results-confirm-abu-dhabis-position-as-a-preferred-destination-for-living-working-and-doing-business-302170310.html

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COCA Celebrates Q2 2024 with Record-Breaking Milestones and New Launches

Published

1 month ago

August 7, 2024

CISION (PR Newswire)

HONG KONG, Aug. 7, 2024 /PRNewswire/ — COCA, a pioneering force in the crypto wallet and financial services industry, has achieved several remarkable milestones in Q2 2024. Thanks to the steadfast support of its user community, COCA has launched new features, expanded its partnerships, and garnered prestigious accolades, further solidifying its position as a leader in the crypto space.

Launch of Physical Cards

COCA has introduced its highly anticipated physical cards, which are now available globally and compatible with Apple Pay and Google Pay. These cards allow users to make transactions with ease, earning cashback rewards on their purchases. This significant launch marks a step forward in integrating crypto with everyday financial activities, enhancing user convenience and financial flexibility.

Wallet Growth Milestone

The company has reached a significant milestone with 510,000 active wallets, reflecting a 102% growth quarter-on-quarter. This surge in active wallets highlights the increasing trust and adoption of COCA’s platform, as more users join the COCA community to manage their crypto assets securely and efficiently.

Transaction Volume Surge

In Q2 2024, COCA processed over USD 450,000 in transactions through its platform, demonstrating the robust usage and popularity of its financial services. This impressive transaction volume underscores COCA’s commitment to providing smooth and efficient crypto payment solutions.

Integration with Revolut

COCA has made it easier for users to fund their wallets by integrating with Revolut. This new feature allows seamless loading of crypto assets, enhancing the overall user experience and accessibility of COCA’s services.

Award Recognition

COCA has been honoured with the “Best Startup” award in the Financial Revolution category at CONF3RENCE & BLOCKCHANCE 2024. This award is a testament to COCA’s innovative approach and significant impact on the future of finance, recognizing its efforts in driving forward the digital financial ecosystem.

New Strategic Partnerships

COCA has formed strategic partnerships with industry leaders such as Wirex Pay and GoMining. These collaborations aim to provide users with enhanced rewards and a superior overall experience. The partnerships signify COCA’s dedication to expanding its ecosystem and delivering greater value to its users.

Welcoming Pavel Matveev

COCA is excited to announce the addition of Pavel Matveev, Founder of Wirex, to its team as a Strategy and Product Advisor. Pavel’s extensive experience and visionary approach are expected to drive COCA’s strategic initiatives and product development, contributing to the company’s continued growth and innovation.

Season 2 Point System Launch

Season 2 of COCA’s popular point system has launched, offering users the opportunity to earn points through various activities, including trades, referrals, holding assets, and spending with COCA cards. With a prize pool of USDT 3500 and 5 Wirex Pay Nodes, this season promises exciting rewards and increased user engagement. The season ends on August 9th, so users are encouraged to participate actively.

NFT Giveaway

In a special giveaway, COCA distributed 1000 GoMining NFTs to lucky users. These NFTs provide unique benefits, including enhanced mining capabilities and exclusive digital collectibles, adding significant value to the user experience.

For further details on COCA’s Q2 achievements and upcoming initiatives, visit the company’s blog.

Website: coca.xyz

COCA continues to redefine the crypto experience with its innovative solutions, seamless integrations, and user-focused approach. The company’s recent milestones and future plans highlight its commitment to leading the way in the digital financial landscape.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

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Stake and Earn with KuCoin’s Innovative GemPool Platform

Published

1 month ago

August 7, 2024

CISION (PR Newswire)

VICTORIA, Seychelles, Aug. 7, 2024 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of GemPool, its innovative new platform that allows users to acquire token airdrops as a reward for staking their crypto assets. This unique product is designed to provide early access to emerging crypto projects while offering rewards for their existing holdings at zero cost. By staking respective tokens in separate pools, users can farm new tokens and gain a foothold in the latest developments within the cryptocurrency market.

GemPool also offers flexible staking terms, allowing users to stake and un-stake their assets anytime within the designated period without lock-up restrictions. This flexibility ensures that users can manage their assets according to their preferences and market conditions. Additionally, GemPool provides zero-cost rewards, enabling users to earn tokens while holding their existing cryptocurrencies. By staking their tokens, users contribute to the growth of promising new projects, supporting innovation and development within the crypto space. With completion of tasks offered, users are eligible to earn multiplier bonus and receive more rewards.

Users can participate by staking KCS, USDT, or other specified assets in designated pools. The rewards are earned according to the respective yields of the pools, ensuring a fair and exciting experience for all users.

For more information on how to participate and the benefits of GemPool, please visit the KuCoin GemPool page.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

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View original content:https://www.prnewswire.co.uk/news-releases/stake-and-earn-with-kucoins-innovative-gempool-platform-302216471.html

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Trust Wallet Launches Gamified Education Platform and Loyalty Program to Enhance and Reward Web3 Learning

Published

1 month ago

August 7, 2024

CISION (PR Newswire)

DUBAI, UAE, Aug. 7, 2024 /PRNewswire/ — Trust Wallet, the world’s leading self-custody Web3 wallet and Web3 gateway trusted by over 130 million users, has launched Trust Wallet Quests, a gamified education platform within the Trust Wallet mobile app which encourages users to earn points while exploring and learning about Web3.

Users can engage in task-based challenges ranging from quizzes to complex problem-solving scenarios composed of various DeFi and Web3 activities, all designed to deepen their understanding of blockchain technology and decentralized applications (dApps), and expose them to exciting opportunities within Web3. As an incentive, users will earn Trust Points, a loyalty-based points system designed to reward user activity within the Trust Wallet mobile app. With Trust Points, users can earn rewards upon the completion of specific tasks, making Web3 more rewarding and fun.

In the future, Trust Points will offer additional gamification features, such as unlocking achievements, badges, and levels. This interactive approach not only boosts individual learning but also contributes to broader community education and adoption of decentralized technologies, making Trust Wallet Quests a dynamic and exciting way to reward loyal users and engage with communities in Web3.

On the motive for launching Trust Wallet Quests, Eowyn Chen, CEO of Trust Wallet, stated: “The complex technology and fast-paced industry can be intimidating for both new and seasoned users. The introduction of Quests on Trust Wallet further solidifies our commitment to making it easier for millions to navigate Web3, aligning perfectly with our mission to build a seamless Web3 hub and open ecosystem for all.”

Nate Zou, Head of Product at Trust Wallet, highlighted what to expect from Trust Points and Trust Wallet Quests: “Trust Points and Quests are just the first iteration of a much-needed reward system for our community. Within 2024, we have plans to build on this, combining rewards with many of our other web3 product offerings. Overall, we envision this points system not only changing how users engage with Trust Wallet, but also encouraging more collaboration between Trust Wallet, our users and other web3 ecosystem players.”

Trust Wallet Quests and Trust Points are now available on both Android and iOS versions of Trust Wallet’s mobile app. Download here: https://short.trustwallet.com/TrustWalletQuests

About Trust Wallet

Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.