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The UAE and India have joined forces to enhance polar research, aiming to expand their understanding of the Arctic and contribute to global climate action. A Memorandum of Understanding (MoU) was signed between the UAE’s Emirates Polar Program and India’s National Centre for Polar and Ocean Research (NCPOR) during the 15th UAE-India Joint Committee Meeting....
Qatar has announced two ambitious plans to strengthen its non-oil economy and secure $100bn in foreign direct investment (FDI) by 2030. The strategies, reported by the state-run Qatar News Agency, are part of the Qatar National Vision 2030 framework and aim to promote sustainable growth while increasing the private sector’s contribution to the nation’s GDP....
DAMAC Group has joined hands with blockchain firm MANTRA in a groundbreaking move to tokenise $1 billion worth of real-world assets. The partnership aims to bring blockchain technology into the Middle East’s real estate market, offering new opportunities for investors through fractional ownership and easier access to high-value properties. The initiative will focus on token-based...
Mastercard has launched its new Crypto Credential service in the UAE and Kazakhstan, marking its first entry into the Eastern Europe, Middle East, and Africa (EEMEA) region. This innovative solution is designed to simplify and secure cryptocurrency transactions by replacing complex blockchain addresses with easy-to-use aliases. The system ensures transactions are processed only if the...
UAE banks are set to remain strong in 2025, supported by a robust domestic economy and favorable business conditions, according to a report by S&P Global Ratings. While lending growth is expected to pick up due to lower interest rates and an improving economic environment, bank profits may see a slight dip compared to previous...
The UAE and Brazil have taken a significant step in their partnership by signing a Memorandum of Understanding (MoU) focused on mineral exploration, energy, and mining cooperation. The agreement was finalized during a meeting between His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Brazil’s Minister of Mines...
Emirates Aviation University (EAU) celebrated the graduation of 288 students at its 34th ceremony held at the university’s Dubai campus. The graduates, representing a wide mix of nationalities, completed various undergraduate and postgraduate programs in fields such as aviation management, aeronautical and aerospace engineering, aviation security, and software engineering. His Highness Sheikh Ahmed bin Saeed...
The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, has issued a Federal Decree appointing new leadership for the UAE Aid Agency. According to the official announcement by WAM, H.E. Dr. Tareq Ahmed Mohamed Al Ameri has been named Chairman, while H.E. Sultan Mohamed Saeed Al Shamsi will serve as Vice Chairman. Dr....
ADNOC Gas has announced the awarding of three major contracts worth $2.1 billion (approximately AED 8 billion) to strengthen its liquefied natural gas (LNG) supply infrastructure. These contracts will establish key facilities to support the Ruwais LNG Project, which aims to double ADNOC Gas’ LNG production capacity. The contracts include a $1.24 billion deal for...
Abu Dhabi’s Al Qou’a Dairy Products Plant, run by the Zayed Higher Organisation for People of Determination (ZHO), has achieved a significant milestone by producing 276,420 kilograms of labneh since its launch in September 2023. This facility is the first of its kind in the region to be fully operated by People of Determination. The...