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Category: Economy
Governor of Alaska, Mike Dunleavy, underscored the importance of the sustainable development sector as a foundation for a prosperous future during his remarks at Abu Dhabi Sustainability Week. He stressed that international collaboration between the UAE and Alaska is essential, as such partnerships promote the sharing of expertise and innovative solutions aimed at achieving common...
The Gulf Cooperation Council (GCC) is strategically harnessing the rising global demand for sustainable finance to diversify its economies and advance towards net-zero goals. A new report by KPMG Lower Gulf and First Abu Dhabi Bank (FAB) highlights the critical role that sustainable finance plays in fostering economic growth, job creation, and diversification throughout the...
The Ministry of Education (MoE) has officially launched a nationwide competition for public schools called ‘My School… My Identity’. This initiative invites both students and teachers to creatively transform their schools into lively spaces that celebrate the rich Emirati cultural heritage. According to WAM, Sarah Al Amiri, the Minister of Education, said that the competition...
Reckless driving in the UAE is facing strict penalties as authorities aim to enhance road safety. Recently, Dubai resident Sanjay Rizvi experienced severe consequences after jumping a red light. The 22-year-old Indian expat had his brand-new Tesla sedan impounded for one month and was fined Dh50,000 for its release. The penalties for traffic law violations...
H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Development and Fallen Heroes’ Affairs, welcomed Christopher Luxon, the Prime Minister of New Zealand, during his official visit to the UAE on January 14, 2025. During the visit, Prime Minister Luxon participated in a ceremony where he reviewed a...
Ministers and officials in the UAE have expressed strong support for the recently signed Comprehensive Economic Partnership Agreement (CEPA) with New Zealand. They view this agreement as a strategic move to enhance bilateral economic relations and improve cooperation in key sectors such as advanced technology, clean energy, agriculture, and financial services. The CEPA is set...
The UAE is experiencing a significant increase in its local medicine production, with expectations of a 40% growth in the coming year. This surge is anticipated to contribute to more affordable medicines across the country. Currently, more than 35 factories are operational nationwide, and the local production growth is driven by the rapid changes that...
The UAE is projected to see a substantial 13 percent net increase in consumer spending intentions for 2025, marking the highest growth rate globally, according to a study released on Monday. This contrasts sharply with global spending intentions, which are anticipated to decline by a net 12 percent, as reported in the 2025 Global Consumer...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, during his working visit to the UAE. President Aliyev is in the country to participate in Abu Dhabi Sustainability Week (ADSW) 2025. His Highness expressed his pleasure in hosting the Azerbaijani leader and thanked...
The United Arab Emirates (UAE) is set to enhance its renewable energy capacity to 14.2 gigawatts (GW) by the year 2030, as stated by Ahmed Al Kaabi, the Assistant Undersecretary for the Electricity, Water, and Future Energy Sector at the Ministry of Energy and Infrastructure (MoEI). He emphasized the UAE’s leadership role in the global...