The Government of the United Arab Emirates, alongside the World Economic Forum, has signed a Memorandum of Understanding to create the Global Regulatory Innovation Platform (GRIP). This significant agreement was announced during the 55th Annual Meeting of the World Economic Forum, taking place in Davos, Switzerland, from January 20 to 24, 2025. GRIP aims to...
Alef Group, a prominent real estate developer based in Sharjah, has reported outstanding results for the year 2024. The company achieved sales exceeding AED 2.4 billion, marking a significant 30 percent increase compared to the previous year. This impressive performance allowed Alef Group to capture over 25 percent of the Sharjah real estate market, reinforcing...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates, engaged in a phone conversation with Péter Szijjártó, the Minister of Foreign Affairs and Trade of Hungary, on January 24, 2025. During this discussion, they focused on enhancing bilateral relations and exploring various avenues...
Expo Centre Sharjah is preparing to launch the sixth edition of the Jewels of Emirates Show, which will take place from January 29 to February 2, 2025. This prestigious event is organized by the Centre with support from the Sharjah Chamber of Commerce and Industry (SCCI). It will feature participation from over 160 exhibitors, including...
UAE residents are showing a strong interest in wellness products, with a new survey revealing an increasing willingness to spend on science-backed wellness trends aimed at enhancing both physical and mental well-being. The health and fitness clubs market in the UAE is projected to surpass Dh18.02 billion by 2030, highlighting the rising focus on health...
Dubai’s Roads and Transport Authority (RTA) has intensified its efforts to tackle violations in passenger transport services through a series of inspection campaigns. In 2024, the authority conducted 25 campaigns, leading to a total of 606,430 inspections across various modes of passenger transport, including public buses and marine transport. These inspections specifically targeted fare evasion,...
Reem Hospital in Abu Dhabi has partnered with Ntigra AI Applications to bring advanced technology into its operations. The collaboration aims to optimize Revenue Cycle Management (RCM), improve efficiency, and enhance patient care. Key to this partnership are Ntigra’s AI-powered platforms, including Discovery® for auto-coding and claim validation, and Octopus® Autonomous Biller (OAB), which streamlines...
Saudi Arabia’s Public Investment Fund (PIF) has announced the sale of Thiqah, a business services firm, to Elm for $907 million (SAR3.4 billion). The deal, which was reported by Gulf Business, aligns with PIF’s strategy to support the country’s economic diversification goals under Vision 2030 by strengthening key sectors like information and communications technology (ICT)....
M42, a global leader in healthcare, has announced the establishment of a new operating structure aimed at driving innovation and enhancing business growth both locally and internationally. This reorganization will focus on strategic priorities and create a framework for both organic and inorganic growth, including the formation of impactful partnerships and leveraging artificial intelligence to...
The OPEC Fund for International Development is providing a loan of US$50 million to enhance the rehabilitation, upgrading, and maintenance of National Route PY22 and its access roads in the Concepción department of northern Paraguay. This funding is part of a larger initiative that includes a US$135 million loan from CAF – Development Bank of...