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Category: Economy
ADNOC Gas plc and its subsidiaries have established a significant long-term strategic partnership with the Emirates Water and Electricity Company (EWEC) to bolster the UAE’s energy transformation. This landmark agreement includes a 10-year flexible natural gas sales and purchase contract between ADNOC Gas Facilities LLC and EWEC, valued at $10 billion. The announcement was made...
ADNOC Distribution has announced the launch of the second phase of its service station solarisation programme in collaboration with Emerge, a partnership between Masdar and the EDF Group. This initiative is designed to finance, design, install, and maintain solar photovoltaic (PV) panels at service stations across ADNOC Distribution’s network in the UAE. The programme aims...
Dubai has achieved the title of the world’s cleanest city for the fifth consecutive year, as reported in the Global Power City Index (GPCI) by the Institute for Urban Strategies at Japan’s Mori Memorial Foundation. This accolade reflects the emirate’s dedication to sustainable urban development and its ambition to set a global example for future...
The World Economic Forum (WEF) Annual Meeting in Davos is focusing on significant global issues such as the Ukraine-Russia war, the emergence of Trump 2.0, and the rapid advancement of artificial intelligence. The 55th annual gathering, which runs from January 20 to 24, aims to foster insightful discussions aimed at reviving and reimagining economic growth...
Dubai Chamber of Commerce announced impressive achievements for 2024, with active membership reaching 258,318 by the end of the year. This marks an annual growth of 18 percent compared to 2023. Additionally, the chamber welcomed 70,500 new companies into its membership, reflecting a 3 percent increase, underscoring Dubai’s appeal as a prime location for businesses...
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has reviewed the Economic Security Center of Dubai’s strategic plan for 2025-2030. This new strategy is designed to enhance Dubai’s economic stability and growth by identifying investment opportunities, addressing economic risks, and protecting society from economic crimes. It aims to reinforce Dubai’s position as a global...
Sharjah Economic Development Department (SEDD) Chairman, Hamad Ali Abdullah Al Mahmoud, recently reviewed the progress of the “Digital Warehouses” project, a key initiative under the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad). The project had showcased its potential at the Global Startup Festival COMEUP in Seoul, Korea. During a meeting at the SEDD headquarters, the...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the UAE, held a phone call with US Secretary of State Antony Blinken on January 18, 2025, to discuss the strategic relations between the two countries. This conversation reflects the ongoing commitment to enhancing the partnership that has...
Dubai Police announced that it will temporarily suspend services on its website and smart applications beginning at 12am on Sunday, January 19, 2025. This decision was shared through a post on X, where the authority emphasized that the suspension is part of an update to its traffic services. The update will result in a brief...
The UAE has become the second most popular destination for millionaires leaving the UK, with more than 800 high-net-worth individuals relocating to the Emirates in 2024. According to data from Henley & Partners, the exodus comes as the UK prepares to implement significant changes to its tax regime. The UK government, led by Keir Starmer,...