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Category: Economy
The Dubai Future Foundation has launched the fourth edition of its report titled “Future Opportunities: The Global 50.” This annual report has now identified a total of 200 future opportunities since its inception. The latest edition aims to highlight emerging sectors and innovations that could shape the global economy in the coming years. The report...
ADNEC Group achieved a record AED 8.5 billion contribution to the UAE economy in 2024, exceeding its 2023 impact of AED 7.4 billion. This milestone reflects its growing role in supporting the UAE’s push for economic diversification and a knowledge-based economy, according to WAM. Humaid Matar Al Dhaheri, ADNEC Group’s Managing Director and CEO, described...
Janus Marine and Defense, a marine autonomy specialist based in the United States, in collaboration with Nexus Remote Solutions, has announced plans to establish a new remote operations center (ROC) for uncrewed vessels in the United Arab Emirates (UAE). This center will focus on the testing, leasing, and maintenance of these vessels. The ROC, named...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, announced that the total value of Dubai’s endowment assets has reached AED 11.1 billion. This significant increase reflects the ongoing commitment of Dubai to enhance its endowment sector and...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai, oversaw the swearing-in ceremony for eight new judges at Dubai Courts. This event highlights the continuous efforts of the Dubai government to enhance the judicial system and ensure justice is upheld effectively. During the...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, and Danish Prime Minister Lars Løkke Rasmussen have signed a significant agreement aimed at promoting sustainable agriculture and food systems. This deal was finalized during Sheikh Abdullah’s working visit to Copenhagen, where he was warmly welcomed...
The Ministry of Interior of the United Arab Emirates, along with the Federal Competitiveness and Statistics Center (FCSC), has launched a new regulatory model aimed at addressing digital and gender-based violence. This initiative is part of the UAE’s broader efforts to enhance the safety and security of its digital environment. The model focuses on creating...
Oniverse Group, an Italian fashion company, has announced the grand opening of three flagship stores—Calzedonia, intimissimi, and intimissimi Uomo—at Dubai Mall. These stores are situated in a linked block alongside the existing Tezenis store, creating a seamless shopping experience for customers. Tamara Jaber, the Brand Manager at Oniverse Group, expressed that the opening of these...
Dubai is rapidly gaining recognition as the ultimate wealth hub in the Middle East, attracting millionaires and billionaires from regions such as Saudi Arabia, Qatar, Europe, Asia, and Africa. With its luxurious lifestyle, favorable business environment, and attractive tax perks, the city has positioned itself as a magnet for high-net-worth individuals seeking economic opportunities. As...
The United Arab Emirates has approved a six-year investment plan aimed at enhancing the country’s economic resilience in the face of unpredictable international markets and politicized trade policies. This strategic move is designed to bolster the nation’s ability to navigate global economic challenges while fostering growth and stability. The investment plan will channel resources into...