Saudi Arabia has taken a major step in advancing its renewable energy goals by prequalifying 33 companies for its first batch of large-scale battery energy storage system (BESS) projects. The Saudi Power Procurement Company (SPPC), under the Ministry of Energy, announced the list of selected firms on December 30, 2024. These projects, known as the...
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03.01.202503.01.2025Economy
Oil Prices in 2025 Predicted to Stay Around $70 Amid Supply Increase and Policy Shifts
Oil prices are expected to average between $70 and $75 per barrel in 2025, down from $80 in 2024, as analysts foresee a global supply surplus and slowing demand from major economies like China. According to The National, the International Energy Agency (IEA) predicts a significant oversupply of up to 1.4 million barrels per day...
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02.01.202502.01.2025Economy
Dubai Art Season 2025: A Celebration of Creativity
Dubai is set to come alive with creativity as Dubai Art Season 2025 kicks off from 4 January to 20 April. Under the patronage of Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, this year’s theme, “Take a Walk on the Art Side”, focuses on enriching...
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02.01.202503.01.2025Economy
Dubai New Year’s Eve saw 2.5m People use public transport
Dubai’s public transport system saw a significant increase in usage during New Year’s Eve 2025 celebrations, with a total of 2,502,474 passengers recorded, according to the Roads and Transport Authority (RTA). This marks a 9.3% rise compared to the 2,288,631 passengers reported on the same occasion last year. The Dubai Metro carried the highest number...
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02.01.202502.01.2025Economy
UAE Celebrates 2024 as Its Best Year for Growth and Development
The UAE has declared 2024 as its most successful year in terms of economic and developmental progress since the nation’s founding. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, shared this milestone during the first UAE Cabinet meeting of the year. In a...
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Ruler of Sharjah Bids Farewell to Kuwaiti Consul General
His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, met with His Excellency Ali Salem Al Dhaidi, the Consul General of Kuwait, on Thursday morning at Al Badee Palace. The visit marked the end of Al Dhaidi’s term in the UAE. During the meeting, His Highness welcomed the...
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02.01.202502.01.2025Economy
Oman Launching Net Zero Centre to Achieve 2050 Carbon Neutrality Goals
Oman is taking a significant step toward its 2050 carbon neutrality goals with the establishment of a new “Net Zero Centre.” Announced by the Minister of Energy and Minerals, Salim Nasser Al Aufi, the centre is set to play a vital role in speeding up the implementation of net-zero initiatives in the country. The Net...
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02.01.202502.01.2025Economy, Free Zones
Sharjah Forms New Committee to Drive Economic Growth
Sharjah has taken a significant step to boost its economy by forming the Higher Committee for Economic Integration. The committee will focus on streamlining development across various sectors, including free zones and the mainland. This move aligns with Sharjah’s ongoing efforts to fast-track infrastructure projects and establish new business clusters, particularly for startups. The committee...
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02.01.202502.01.2025Economy
UAE Introduces Key Reforms for 2025: Health Insurance, Plastic Ban, and New Taxes
The UAE has kicked off 2025 with significant policy changes aimed at improving healthcare access, protecting the environment, strengthening the economy, and boosting Emiratisation efforts. The National summarized all the new reforms, which took effect on January 1 and set to shape the country’s agenda in the coming year. One of the major changes is...
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31.12.202431.12.2024Economy
UAE Celebrates Major Achievements, Looks Ahead to 2025
The UAE has made remarkable strides over the past year, according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Reflecting on these accomplishments, Sheikh Mohammed expressed pride in the nation’s progress and shared his optimistic outlook for 2025. In a post on...