Egypt’s annual inflation rate dropped to 23.4% in December 2024, down from 25% the previous month, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). This decline was mainly driven by a 1.7% dip in food and non-alcoholic beverage prices, with vegetables showing the most significant drop of 14%. Other food items like...
As Ramadan approaches, the UAE government has announced significant changes to working hours for the holy month. For employees in the public and private sectors, the typical eight-hour workday will be reduced to six hours. This initiative aims to accommodate the spiritual needs of workers during this time of fasting and reflection. The Ministry of...
Audiomob has chosen Abu Dhabi as its MENA headquarters, aiming to drive its global business growth. The company, known for its groundbreaking in-game audio advertising technology, credits Abu Dhabi’s supportive ecosystem and infrastructure for its rapid expansion. Partnering with Abu Dhabi Gaming, Audiomob has developed a unique way for brands and artists to connect with...
Uzbekistan and the UAE have taken their partnership to new heights, forming a strategic alliance rooted in trust between their leaders, President Shavkat Mirziyoyev and the UAE’s leadership. This collaboration has sparked growth in trade, economic, industrial, technological, and cultural sectors. Investments from the UAE in Uzbekistan have been rising steadily, with $1.08 billion invested...
The UAE has introduced new value-added tax (VAT) rules for businesses dealing in gold, diamonds, and other precious materials. The Ministry of Finance (MoF) announced the update on Friday, which expands the ‘reverse charge mechanism’ to include traders in these sectors. Under this updated system, suppliers are no longer responsible for charging and collecting VAT...
Dubai is set to host a major gaming competition, NVIDIA RTX AI GameCraft, in collaboration with NVIDIA GeForce Middle East. Organized by the Dubai Future Foundation (DFF), the event will take place on January 23 at Emirates Towers Boulevard. It will bring together game developers, students, and industry experts to create games using NVIDIA’s advanced...
Since its launch in 2019, the UAE Tour has become a standout event in the country’s annual calendar, blending sports and tourism to attract global attention. Organized with significant international participation, the event has grown into one of the UAE’s most prestigious platforms, showcasing the nation’s development and boosting its tourism sector. The cycling tour...
Federal National Council (FNC) members have called for immediate legislative action to accelerate the global shift to clean energy, highlighting the urgent need to address climate challenges. Speaking at the Legislators Forum 2025, organised by the International Renewable Energy Agency (IRENA) in Abu Dhabi, Dr. Ali Rashid Al Nuaimi, FNC Member and Deputy Chair of...
The United Arab Emirates and Mexico are working closely to boost trade and investment, aiming to create stronger partnerships between their business communities. During an official visit to Mexico City, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, held discussions with top Mexican officials, including Juan Ramon de Lafuente, Minister...
Dubai is cementing its position as a global leader in the digital economy, offering diverse opportunities and advantages for businesses, startups, and innovators. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the emirate’s unique strengths during a fireside chat at the 1 Billion Followers Summit, organized by the UAE Government Media Office....