Dubai Sotheby’s International Realty, a premier real estate agency in the UAE specializing in prime and super-prime markets, has introduced a groundbreaking private client advisory service aimed at high and ultra-high-net-worth investors. This service is led by Emmanuel Aymes and is designed to provide expert guidance and personalized support for clients navigating the complexities of...
Saudi Arabia has introduced a new Value Added Tax (VAT) refund policy for tourists, which became effective on April 18, 2024. This initiative allows international visitors to reclaim the 15% VAT paid on eligible goods and services during their stay, marking a significant move to enhance the country’s appeal to global travelers. The Zakat, Tax...
The Secretary General of the Gulf Cooperation Council (GCC), Jasem Al-Budaiwi, met with Shan Zhongde, the Director of the China Atomic Energy Authority, to explore opportunities for enhancing cooperation in the peaceful use of nuclear energy. This meeting occurred on the sidelines of the first GCC-China Forum on Peaceful Uses of Nuclear Technology, which took...
The 4th Electric Vehicle Innovation Summit (EVIS) Abu Dhabi 2025 opened today at the ADNEC Centre, showcasing cutting-edge electric mobility solutions and global innovations. UAE leaders emphasized the importance of sustainability, the adoption of electric vehicles (EVs), and advancements in the circular economy. The event, running until April 23, is hosted by ADNOC Distribution in...
The Department of Health – Abu Dhabi (DoH) has entered into a Memorandum of Understanding with Microsoft to co-develop an innovative ‘Population Health Intelligence’ framework. This initiative is recognized as a world’s first true learning health system aimed at continuously predicting, preventing, and addressing public health challenges. The agreement was signed by Ibrahim Al Jallaf,...
The technology sector in the United Arab Emirates saw a remarkable increase in funding during the first quarter of 2025, according to Tracxn’s Q1 2025 UAE Tech Funding Report. The total amount raised reached $872 million, which marks a substantial 194% rise from $297 million in the previous quarter. Furthermore, this figure represents an impressive...
Adnoc has signed significant liquefied natural gas (LNG) supply agreements with Chinese companies, marking a crucial step in enhancing economic ties between the UAE and China, the world’s second-largest economy. Under a 15-year contract with a subsidiary of ENN Natural Gas, Adnoc will supply up to one million tonnes of LNG annually, as reported by...
Savvy Automotive, a leading provider of advanced automotive and green mobility solutions based in Abu Dhabi, is currently engaged in discussions to acquire the UAE operations of BluSmart. This potential acquisition highlights Savvy Automotive’s commitment to expanding its presence in the mobility sector, with a particular focus on sustainable and technologically advanced transportation options. Savvy...
The United Arab Emirates plans to assess the use of artificial intelligence across its government departments. Omar Al Olama, the Minister of State for AI, emphasized the importance of ensuring that AI is not overregulated, which could hinder innovation. He made these remarks during the Dubai AI Retreat. Al Olama stated that while the evaluation...
The UAE will participate in the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, scheduled from April 21 to 26 in Washington, D.C. The delegation will be led by Mohamed bin Hadi Al Hussaini, the Minister of State for Financial Affairs, and will include representatives from the Ministry...