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Category: Economy
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...
The Roads and Transport Authority (RTA) in Dubai has officially opened a new two-lane bridge on Sheikh Rashid Road. This bridge spans 605 meters and is designed to accommodate up to 3,200 vehicles per hour. The RTA aims to enhance traffic flow and improve connectivity in the area with this new infrastructure development. The bridge...
Egypt’s annual inflation rate dropped to 23.4% in December 2024, down from 25% the previous month, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). This decline was mainly driven by a 1.7% dip in food and non-alcoholic beverage prices, with vegetables showing the most significant drop of 14%. Other food items like...
Uzbekistan and the UAE have taken their partnership to new heights, forming a strategic alliance rooted in trust between their leaders, President Shavkat Mirziyoyev and the UAE’s leadership. This collaboration has sparked growth in trade, economic, industrial, technological, and cultural sectors. Investments from the UAE in Uzbekistan have been rising steadily, with $1.08 billion invested...
The UAE has introduced new value-added tax (VAT) rules for businesses dealing in gold, diamonds, and other precious materials. The Ministry of Finance (MoF) announced the update on Friday, which expands the ‘reverse charge mechanism’ to include traders in these sectors. Under this updated system, suppliers are no longer responsible for charging and collecting VAT...
The United Arab Emirates and Mexico are working closely to boost trade and investment, aiming to create stronger partnerships between their business communities. During an official visit to Mexico City, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, held discussions with top Mexican officials, including Juan Ramon de Lafuente, Minister...
Dubai is cementing its position as a global leader in the digital economy, offering diverse opportunities and advantages for businesses, startups, and innovators. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, highlighted the emirate’s unique strengths during a fireside chat at the 1 Billion Followers Summit, organized by the UAE Government Media Office....