The Comprehensive Economic Partnership Agreement (CEPA) between Australia and the UAE is poised to strengthen the existing robust relationship between the two nations. The agreement features significant tariff reductions, improved trade facilitation, commitments to services liberalization, digital trade regulations, and enhanced access to government procurement opportunities. It also places a strong emphasis on investment, aiming...
UAE and Gulf airlines have announced the cancellation of flights to India and Pakistan due to the recent military escalation in the region. Following these tensions, Pakistan has closed its airspace, prompting significant disruptions to air travel. Airports in northern India have also suspended services as the situation unfolds. The closures are a direct response...
Two of the fastest growing maritime clusters in the world gathered in Dubai for high-level discussions during UAE Maritime Week, which includes the Seatrade Maritime Logistics Middle East exhibition and conference running until May 8 at the Dubai World Trade Centre. The event’s theme, “Cooperation and Inclusiveness: Pioneering a New Era in Shipping,” featured representatives...
PwC Middle East and Cynalytica announced a strategic partnership during GISEC Global 2025 that aims to revolutionize the security of legacy and hybrid operational technology (OT) environments for critical infrastructure organizations. This collaboration is crucial as industrial sectors face rising cyber-physical risks and regulatory pressures. The partnership combines PwC’s extensive expertise in industrial control systems...
Proceeds from initial public offerings (IPOs) in the Middle East and North Africa (MENA) region have surged, more than doubling to $2.4 billion in the first quarter of 2025. This increase represents a 106% rise year-on-year, driven by significant activity in Saudi Arabia, as reported by EY. During this period, the number of IPO listings...
Ripple Labs, a cryptocurrency company based in San Francisco, has announced its plans to expand operations in the UAE after receiving approval to operate from the Dubai Financial Services Authority (DFSA). The DFSA licensed Ripple in March, marking the company as the first blockchain payments provider to achieve this status in Dubai. Currently, one in...
Arabian Cement Company has reported a net profit of SAR 23.60 million for the first quarter of 2025, representing a significant 56.45% decline from SAR 54.20 million during the same period in 2024. The company’s earnings per share (EPS) decreased to SAR 0.24 in Q1-25, down from SAR 0.54 in Q1-24, according to the financial...
Emaar, the Dubai-based property giant, has announced a competition that offers AED100 000 to a creative from the UAE whose design will be showcased on the façade of the Burj Khalifa, the tallest building in the world. This initiative aims to provide a platform for local artists, designers, and creatives to express their vision on...
The EU’s ambassador to the UAE, Lucie Berger, said that the United Arab Emirates is a “strong and reliable partner,” especially in the context of trade and regional developments. In her remarks to The National, she underlined the importance of collaboration between the UAE and the European Union. Berger also pointed out that Gulf states...
G42, an artificial intelligence powerhouse based in Abu Dhabi, is set to expand its operations into the United States. This strategic move highlights the UAE’s ambition to become a global leader in artificial intelligence, a sector that is central to its future economic vision. This expansion comes at a pivotal moment as the UAE makes...