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Category: Economy
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...
Gold and jewellery shoppers in the UAE will not experience any additional costs due to the new VAT regulations issued by the Ministry of Finance last week. Customers will continue to pay the existing 5% VAT on their purchases, a rate that has been in effect since early 2018. This means that the recent changes...
On January 12, 2025, Dr. Amna bint Abdullah Al Dahak, the UAE Minister of Climate Change and Environment, participated in the 15th IRENA Assembly held in Abu Dhabi. During her address, she emphasised the UAE’s commitment to accelerating the global energy transition through collaboration, inclusivity, and strategic partnerships. In her remarks, Dr. Al Dahak reiterated...
The industrial sector in the UAE has experienced a notable increase in financing, bolstered by strong support from both government and private entities. This collaborative effort is essential for driving industrial growth and achieving the ambitious goals set forth in the “Operation 300 Billion” initiative. The financial support is crucial, as a well-funded industrial sector...
Abu Dhabi is preparing to host the third round of the UAE Formula 4 Powerboat Championship on January 18-19, 2025. This exciting event is organized by the Abu Dhabi Marine Sports Club and will take place on the picturesque waters of the Abu Dhabi Corniche. The championship will feature high-speed powerboats, showcasing both speed and...
Big Ticket is set to kick off 2025 with a thrilling range of prizes and promotions aimed at transforming lives. The highlight of this campaign is a grand prize of Dh25 million, along with weekly millionaire draws throughout January. As reported by Gulf News, this initiative is designed to create impressive opportunities for participants, making...