The Hamdan Bin Rashid Al Maktoum Foundation for Medical and Educational Sciences has revealed the winners of the seventh edition of the ‘Innovators 2024’ competition. The announcement was made on January 2, 2025, following months of rigorous evaluation. Students from across the UAE participated in the competition, with 137 teams initially entering. After a thorough...
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02.01.202502.01.2025Economy, Free Zones
Sharjah Forms New Committee to Drive Economic Growth
Sharjah has taken a significant step to boost its economy by forming the Higher Committee for Economic Integration. The committee will focus on streamlining development across various sectors, including free zones and the mainland. This move aligns with Sharjah’s ongoing efforts to fast-track infrastructure projects and establish new business clusters, particularly for startups. The committee...
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02.01.202502.01.2025Tourism
Abu Dhabi Adds 37,000 Tourism Jobs Amid Visitor Surge
Abu Dhabi has added 37,000 new jobs to its tourism sector in 2024, increasing the total workforce to 225,000, up from 188,000 last year. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) attributes this growth to global promotional efforts that have boosted visitor numbers. Saood Al Hosani, undersecretary of DCT Abu...
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02.01.202502.01.2025Economy
UAE Introduces Key Reforms for 2025: Health Insurance, Plastic Ban, and New Taxes
The UAE has kicked off 2025 with significant policy changes aimed at improving healthcare access, protecting the environment, strengthening the economy, and boosting Emiratisation efforts. The National summarized all the new reforms, which took effect on January 1 and set to shape the country’s agenda in the coming year. One of the major changes is...
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02.01.202502.01.2025Business, Investments
Mubadala Tops Global Wealth Fund Spending in 2024
Abu Dhabi’s Mubadala Investment Company has taken the lead as the world’s biggest spender among sovereign wealth funds in 2024. The fund deployed $29.2 billion last year, a sharp increase from $17.5 billion in 2023, according to a report by Global SWF, an industry tracker. This marks a significant shift, as Saudi Arabia’s Public Investment...
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02.01.202502.01.2025Business
Dubai Duty Free Hits Record Sales of Dh7.901 Billion in 2024
Dubai Duty Free has announced a record-breaking sales figure of Dh7.901 billion for the year 2024, marking a new milestone for the retail giant. A significant boost came in December, which alone achieved sales of Dh821.944 million, a two percent rise compared to the same month in 2023. December’s strong performance was bolstered by the...
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02.01.202502.01.2025Workforce
UAE’s New Mandatory Health Insurance Policy Takes Effect
Starting January 1, 2025, all private sector employees and domestic workers in the UAE must have basic health insurance coverage as part of a new government policy. This initiative, introduced by the Ministry of Human Resources and Emiratisation (MOHRE) and approved by the UAE Cabinet in December 2024, aims to improve healthcare access, promote early...
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01.01.202501.01.2025Business
Abu Dhabi’s DoH Wins Global Startup Ecosystem Stars Award
The Department of Health – Abu Dhabi (DoH) has earned the prestigious Startup Ecosystem Stars Award 2024. Presented by the International Chamber of Commerce (ICC) in collaboration with the OECD and the European Commission, the award highlights DoH’s success in building a dynamic healthcare innovation ecosystem. The award ceremony, held in Paris on December 4,...
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31.12.202431.12.2024Economy
UAE Celebrates Major Achievements, Looks Ahead to 2025
The UAE has made remarkable strides over the past year, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Reflecting on these accomplishments, Sheikh Mohammed expressed pride in the nation’s progress and shared his optimistic outlook for 2025. In a post on...
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31.12.202431.12.2024Finance
Sohar International Secures $336 Million in Rights Issue
Sohar International, a leading bank in Oman, has successfully raised 130 million Omani rials ($336.7 million) through its latest rights issue. This marks the largest rights issue on the Muscat Stock Exchange (MSX) in 2024. Launched in November, the offering attracted strong interest from government entities, private institutions, family offices, and individual investors. The bank...