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Category: Economy
The Department of Economic Development in Ajman (Ajman DED) has introduced a new project called the “Investor Statement,” designed to improve the investment climate in the emirate. The initiative aligns with Ajman Vision 2030’s goal of building a sustainable economy. The project will provide investors with regular electronic updates about their licences and permits. These...
The UAE has recently received significant regional and international recognition for its dedication to human rights, as the nation continues to implement legislative and regulatory reforms that align with its comprehensive development goals. Placing human rights at the center of its development strategies, the UAE aims to ensure dignity, welfare, and justice for all individuals,...
American Hospital Dubai has entered a long-term Value Partnership Agreement with Siemens Healthineers, a global leader in medical technology. This partnership aims to boost patient care outcomes through improved operational efficiencies and the introduction of advanced medical imaging technology. The agreement spans ten years and emphasizes a four-point plan to enhance workflow efficiency and patient...
Eagle Hills, a global real estate developer based in Abu Dhabi, has signed a Memorandum of Understanding (MoU) with the Government of Georgia to invest over $5.5 billion in two transformative urban projects. According to the Emirates News Agency, this partnership aims to reshape Georgia’s cities of Tbilisi and Batumi, focusing on sustainability, innovation, and...
Abu Dhabi is set to host the International Defence Exhibition (IDEX) and Naval Defence Exhibition (NAVDEX) from February 17 to 21, 2025, at the ADNEC Centre. Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the exhibitions will feature a wide range of products across land, air, sea, and space, reinforcing...
Italy and Saudi Arabia have solidified a significant strategic partnership by signing agreements worth $10 billion. The announcement came after Italian Prime Minister Giorgia Meloni met with Saudi Crown Prince Mohammed bin Salman in AlUla, Saudi Arabia. One of the key deals involves Italy’s credit export agency, SACE, which committed to providing $3 billion in...
President Sheikh Mohamed has officially announced that 2025 will be designated as the Year of Community in the UAE. In his announcement, he called upon “all those who call the UAE home” to actively participate in efforts aimed at enhancing the community. This initiative is set to encourage collective contributions towards building a stronger society....
The UAE’s digital transformation has saved the country Dh14.7 billion ($4 billion), according to Maryam bint Ahmed Al Hammadi, Minister of State and Secretary General of The UAE Cabinet. Speaking at the World Economic Forum in Davos, she explained that adopting advanced technologies like AI and prioritising citizen needs made modernisation essential for the government....
The International Monetary Fund (IMF) has projected strong economic growth for the UAE, forecasting a 4% increase in 2025 despite reduced oil production under OPEC+ agreements. In a recent statement following its staff visit, the IMF highlighted the UAE’s focus on non-hydrocarbon sectors, which are thriving thanks to tourism, construction, and public spending. Financial services...
The Abu Dhabi stock market saw significant gains last week, adding AED 8.9 billion to its market value and closing at AED 2.996 trillion. This improvement was partly driven by better performance in US stock markets and optimism surrounding a potential decline in US interest rates. The Abu Dhabi Securities Exchange (ADX) index rose by...