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Category: Economy
The Ministry of Economy in the UAE has unveiled a new roadmap for “Green Intellectual Property (IP)” aimed at enhancing innovation, accelerating technology localization, and fostering new projects within the realms of the new economy, environmental sustainability, and the circular economy. This initiative is set to take place over a three-month period and is designed...
For the first time, the UAE’s foreign trade has reached an impressive Dh3 trillion by the end of 2024, as announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. He described this achievement as a “historic milestone” in a post on X. Sheikh Mohammed highlighted...
The UAE and Germany have reaffirmed their strong economic partnership during the UAE-German Business Forum held in Abu Dhabi at the Abu Dhabi Global Market (ADGM). The event brought together senior officials, business leaders, and private sector representatives from both nations to explore collaboration in key sectors such as clean energy, advanced technology, and logistics....
The UAE has made it easier for content creators, social media influencers, and filmmakers to live and work in the country with the introduction of the UAE Golden Visa for Content Creators. This visa offers long-term residency for up to 10 years without the need for a sponsor, giving creative professionals the freedom to focus...
Dubai’s Roads and Transport Authority (RTA) announced that public transport and shared mobility services in the city facilitated 747.1 million riders in 2024. This figure represents a 6.4 percent increase from the 702 million riders recorded in 2023. The transit services encompassed various modes, including Dubai Metro, Dubai Tram, public buses, marine transport options like...
The UAE is making strides in solar energy, cementing its role as a leader in renewable energy on the global stage. With substantial investments in solar power projects, the country continues to advance its sustainability agenda and target of achieving climate neutrality by 2050, as highlighted by the Emirates News Agency (WAM). The UAE currently...
The Federal Tax Authority (FTA) has called on natural persons conducting business in the UAE to register for Corporate Tax by March 31, 2025, to avoid penalties. The authority highlighted that failing to meet this deadline would result in an administrative fine of AED10,000. According to the FTA, a natural person, defined as any living...
Dubai Trade is advancing its operations by evolving its Digital Delivery Order (DDO) platform into Trade+. This upgrade is part of a broader strategy to improve the efficiency and speed of trade operations within Dubai’s supply chain and logistics sectors. The new Trade+ platform aims to facilitate the digital exchange of cargo release documents among...
The UAE has announced a rise in fuel prices for February 2025, as confirmed by the Ministry of Energy on January 31. The Fuel Prices Monitoring Committee has decided to increase the rates compared to January 2025. These monthly adjustments are based on the average global price of oil, which fluctuates, and include the operating...
Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office and the UAE Media Council, met with Neil Stephen, General Manager of Rockstar Games, during the latter’s visit to the UAE. The meeting aimed to explore ways to strengthen ties in the gaming sector and expand opportunities for collaboration. The discussions, attended...