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Category: Economy
A top-level delegation from the UAE, led by the General Secretariat of the National Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations Committee (NAMLCFTC), visited Paris to strengthen UAE-France cooperation in tackling financial crimes and boosting global economic security. During the visit, the UAE delegation presented its National Strategy 2024-2027 aimed at...
The UAE has secured a place among the top 35 countries globally with the largest shipping fleets, based on tonnage and capacity, according to the 2024 report by the United Nations Conference on Trade and Development (UNCTAD). The report also highlighted the presence of three other Arab countries—Saudi Arabia, Oman, and Qatar—on the list. Data...
The United Arab Emirates, through the Ministry of Finance, has successfully concluded the final round of negotiations for a Double Taxation Avoidance Agreement concerning income and capital with the Russian Federation. This significant achievement highlights the UAE’s dedication to enhancing economic and tax cooperation. The agreement aims to create a business-friendly environment that safeguards taxpayers’...
The OPEC Fund for International Development is making a significant investment in renewable energy by co-financing Africa’s largest onshore wind power project. The fund is contributing US$30 million towards the construction of two wind farms, each with a capacity of 550 MW, located in Egypt’s Gulf of Suez region. Together, these facilities will have a...
Driss El Hilali, who serves as the President of the Arab Taekwondo Federation and the Mediterranean Union of Taekwondo, as well as the First Vice President of the African Taekwondo Union and a member of the International Taekwondo Federation, has commended the United Arab Emirates for its substantial contributions to the development of taekwondo. He...
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...