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Category: Economy
Abu Dhabi has unveiled plans to become the world’s first fully AI-driven government by 2027, backed by a substantial budget of approximately $3.54 billion. This initiative represents a significant step toward reshaping public services through innovative technology, aiming to redefine the delivery of government services. The Abu Dhabi Government entered into a strategic partnership with...
Moody’s Ratings has affirmed the United Arab Emirates’ Aa2 long-term local and foreign currency issuer ratings, indicating that the country’s economic outlook remains stable. The agency also confirmed the foreign currency senior unsecured debt and medium-term note program ratings at Aa2 and (P)Aa2, respectively. According to Moody’s, this affirmation reflects the expectation that the debt...
Investors from the Middle East, including those from Saudi Arabia and the UAE, are in discussions with HudBay Minerals to acquire up to a 30 percent stake in the company’s flagship Copper World project located in Arizona, USA. This interest was reported by Bloomberg, citing Peter Kukielski, the CEO of HudBay Minerals. Among the potential...
The Mohammed Bin Rashid Space Centre (MBRSC) has announced that it is now accepting applications from UAE nationals to take part in future analog studies. This initiative is part of the UAE Analog mission, aimed at enhancing the country’s capabilities in space exploration and research. The mission will involve participants engaging in a series of...
The UAE has achieved a notable position as one of the world’s happiest countries, according to the latest annual survey evaluating life satisfaction. In the 2025 World Happiness Report, the Emirates secured the 21st spot, outperforming nations like the UK (23rd), the US (24th), and France (33rd). For the eighth consecutive year, Finland is recognized...
The Arab Investment and Export Credit Guarantee Corporation has reported that the Arab region’s GDP grew by 1.8% last year, reaching over $3.5 trillion. This growth comes despite ongoing wars and conflicts in the region, particularly the recent violent conflict in Gaza and other neighboring countries. While some economic indicators reflect positive progress, rising unemployment...
European Union Trade Commissioner Maros Sefkovic announced on Thursday that the EU may postpone the implementation of its first set of countermeasures against the United States until mid-April. This decision comes in response to tariffs imposed by former President Donald Trump on U.S. imports of steel and aluminum. Sefkovic indicated that the EU is considering...
The United Arab Emirates (UAE) has developed a robust economic partnership with the United States, valued at $1 trillion. This relationship spans various sectors, including energy, technology, and healthcare. Recently, Sheikh Tahnoun bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi and UAE National Security Adviser, held high-level discussions with US President Donald Trump...
The trade relationship between the UAE and the U.S. has strengthened significantly, with merchandise trade growing by 9.47% to reach $34.43 billion in 2024. This increase is up from $31.45 billion in 2023, highlighting a robust economic partnership that has developed over more than five decades. The recent visit of H.H. Sheikh Tahnoon bin Zayed...
The Endowment & Society Conference concluded on Monday after two days of activities, held under the patronage of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court. The event took place at Erth Hotel in Abu Dhabi and was organized by the General Authority of...