Egypt may soon receive additional funding from the International Monetary Fund (IMF), according to spokesperson Julie Kozack. The IMF is currently reviewing a new financing program, which could help the country manage its rising economic challenges. Cairo is already benefiting from an $8 billion financing agreement with the IMF, which was expanded in 2022 to...
The real estate industry in Dubai has been significantly transformed by technology adoption over the past few years. Building Management Systems (BMS), which were once expensive and underused, have evolved from being rigid and reliant on service vendors. These systems previously offered limited real-time insights for facility managers and technicians, but BMS alone could not...
The integration of innovative digital technologies is significantly transforming the healthcare industry in the UAE. Experts indicate that this shift has resulted in improved patient care, increased efficiency, and enhanced access to healthcare services. In recent years, the UAE’s healthcare sector has embraced technological advancements to offer smarter and more efficient patient care. A surge...
The Department of Government Enablement—Abu Dhabi (DGE) highlighted Abu Dhabi’s advancements in artificial intelligence at the Microsoft AI Tour held in Dubai this week. During the event, DGE delivered a keynote that focused on the innovative use of AI through its transformative TAMM platform, which aims to redefine public services. TAMM, an AI-powered government services...
The UAE has unveiled a set of tax incentives for multinational companies (MNCs) operating within the country. These measures, effective from January 1, 2025, are designed to encourage investment activities and strengthen the UAE’s position as a global business hub. MNC entities in the UAE will be subject to a corporate tax rate of 15%,...
The Emirates Society of Ophthalmology (ESO) has kicked off its 22nd annual conference, ESO 2025, at Hilton Abu Dhabi Yas Island. The three-day event, inaugurated in the presence of Sheikha Dr. Noura Al Qassimi, President of ESO and the Emirates Medical Association, is focusing on advancing eye care and ophthalmic research. As reported by WAM,...
The Dubai Fountain, one of the UAE’s most popular tourist attractions, is set to close for five months starting this May. Emaar Properties, the developer behind this iconic landmark near Dubai Mall and Burj Khalifa, announced on Wednesday that the fountain will undergo a full renovation. Known for its stunning synchronized water, music, and light...
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, recently toured the airline’s new Flight Training Centre ahead of its official opening in the coming weeks. The state-of-the-art facility, located at the flydubai Campus, features cutting-edge technology, including Boeing 737 Full-Flight Simulators and advanced training rooms. The 38,000-square-foot centre is designed to provide...
Construction on Ras Al Khaimah’s $3.8 billion Wynn Al Marjan Island resort is moving quickly, with more than 80% of its 1,542 rooms now complete. The luxury project, which includes suites, villas, a spa, two dozen restaurants, an event center, and a theater, is on track for its anticipated 2027 opening. The resort secured a...
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, visited the Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project in Wadi Al Amardi to check on its progress. This ambitious Dhs1.4 billion project will include 672 modern villas, along with key facilities such as a mosque,...