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Category: Business
Abu Dhabi Global Market (ADGM) has introduced major reductions in commercial licence fees for non-financial and retail businesses starting 1st January 2025. The move is designed to make ADGM’s jurisdiction, which includes Al Maryah and Al Reem Islands, more attractive for businesses and entrepreneurs. Under the revised fee structure, non-financial businesses will see initial registration...
His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, met with His Excellency Ali Salem Al Dhaidi, the Consul General of Kuwait, on Thursday morning at Al Badee Palace. The visit marked the end of Al Dhaidi’s term in the UAE. During the meeting, His Highness welcomed the...
In Abu Dhabi, His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, welcomed Ruben Ramirez Lezcano, the Foreign Minister of Paraguay, to discuss ways to strengthen the partnership between the two nations. The meeting focused on enhancing cooperation in economic, trade, and investment sectors. His Highness emphasized...
Emirates SkyCargo, the freight division of Emirates Airline, has expanded its operations by adding a dedicated weekly freighter service to Copenhagen Airport. This marks the 36th destination in the carrier’s growing network of freighter destinations. The Boeing 777 freighter will handle approximately 85 tonnes of cargo, catering to demand from Denmark, as well as neighboring...
Abu Dhabi’s Mubadala Investment Company has taken the lead as the world’s biggest spender among sovereign wealth funds in 2024. The fund deployed $29.2 billion last year, a sharp increase from $17.5 billion in 2023, according to a report by Global SWF, an industry tracker. This marks a significant shift, as Saudi Arabia’s Public Investment...
Dubai Duty Free has announced a record-breaking sales figure of Dh7.901 billion for the year 2024, marking a new milestone for the retail giant. A significant boost came in December, which alone achieved sales of Dh821.944 million, a two percent rise compared to the same month in 2023. December’s strong performance was bolstered by the...
The Department of Health – Abu Dhabi (DoH) has earned the prestigious Startup Ecosystem Stars Award 2024. Presented by the International Chamber of Commerce (ICC) in collaboration with the OECD and the European Commission, the award highlights DoH’s success in building a dynamic healthcare innovation ecosystem. The award ceremony, held in Paris on December 4,...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Deputy Prime Minister and Minister of Foreign Affairs, recently spoke with Antonio Tajani, Italy’s Minister of Foreign Affairs, over the phone. The discussion focused on the strong friendship and strategic partnership between the UAE and Italy. Both ministers explored ways to deepen cooperation in various fields. They...
The UAE has made remarkable progress in clean energy, housing, and infrastructure sectors, according to the Ministry of Energy and Infrastructure (MoEI). The country’s commitment to sustainable development and innovation is driving these advancements, as highlighted by Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, in an update shared by Gulf Today. In the...
Al Buraimi Industrial City, a key part of the Public Establishment for Industrial Estates (Madayn), has signed 16 new investment contracts in the second half of 2024. These agreements bring a total investment value of OMR7.97 million and mark a significant development for the industrial hub. The newly secured projects span a combined area of...