The United Arab Emirates, through the Ministry of Finance, has successfully concluded the final round of negotiations for a Double Taxation Avoidance Agreement concerning income and capital with the Russian Federation. This significant achievement highlights the UAE’s dedication to enhancing economic and tax cooperation. The agreement aims to create a business-friendly environment that safeguards taxpayers’...
The UAE government has announced that it will solely provide fast and super-fast electric vehicle (EV) chargers across the country. This initiative aims to enhance the living conditions in the UAE by promoting cleaner air and reducing carbon emissions, as stated by the UAE Minister of Energy and Infrastructure, Suhail Al Mazrouei, during an interview...
The International Defence Conference (IDC) 2025 is scheduled to take place on 16th February 2025 at the Emirates Palace in Abu Dhabi. This event is part of the International Defence Exhibition (IDEX) and the Naval Defence & Maritime Security Exhibition (NAVDEX). It aims to bring together leaders, experts, and companies from around the world to...
A recent report has underscored the United Arab Emirates position as a leader in the regional solar energy sector. This growth is fueled by initiatives such as the Dubai Clean Energy Strategy 2050, which aims for 75 percent clean energy by 2050, and Abu Dhabi Vision 2030, targeting 30 percent renewable energy within the next...
H.H. Sheikh Saud bin Saqr Al Qasimi, the Supreme Council Member and Ruler of Ras Al Khaimah, attended a dinner reception at Al Jazeera Al Hamra Heritage Village on January 16, 2025. The event was organized by the Korean Business Council and featured delegations from various multinational companies from the Republic of Korea. Notable attendees...
The OPEC Fund for International Development is making a significant investment in renewable energy by co-financing Africa’s largest onshore wind power project. The fund is contributing US$30 million towards the construction of two wind farms, each with a capacity of 550 MW, located in Egypt’s Gulf of Suez region. Together, these facilities will have a...
The Global Artificial Intelligence (AI) Healthcare Academy in Abu Dhabi has successfully trained over 3,750 healthcare professionals since its launch. These participants have engaged in various training programs and courses aimed at enhancing their AI skills and improving their proficiency with advanced AI technologies in the healthcare sector. This initiative is a collaboration between the...
Global private equity firm KKR has joined forces with Dubai-based Gulf Data Hub (GDH) to invest over $5 billion in expanding data centre capacity across the Gulf region. This collaboration comes as the demand for digital infrastructure rises, driven by the growing adoption of cloud services and artificial intelligence in the region. As The National...
Suhail bin Mohammed Al Mazrouei, the Minister of Energy and Infrastructure, announced that the Ministry is drafting new legislation and policies aimed at enhancing the sustainability of hydrogen production. This initiative is being developed in collaboration with the International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) and is set to be adopted...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister, and Ruler of Dubai, honored the six winners of the Great Arab Minds 2024 awards. The ceremony took place at the Museum of the Future in Dubai, marking a significant occasion for recognizing extraordinary contributions to humanity within the Arab world. This...