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Category: Economy
Crepa Crepa has officially arrived in the UAE, marking its debut in Abu Dhabi. Originating from the picturesque Greek island of Kos, this popular creperie brings a unique twist to the local food scene. Located in My City Centre Masdar, Crepa Crepa offers a variety of sweet and savoury street food options, including live-prepared dishes,...
The University of Sharjah (UoS), in partnership with IBM through the IBM Sustainability Accelerator, has introduced My FarmWell, a mobile application aimed at addressing water scarcity challenges and enhancing sustainable agriculture in the UAE and the broader MENA region. This initiative is particularly timely as it seeks to support farmers in managing water resources more...
In the first half of 2025, nearly 400 local suppliers, contractors, and service providers received contract awards from the Abu Dhabi National Oil Company valued at AED65.7 billion. This initiative aims to boost socioeconomic growth, empower businesses, and generate long-term value for the United Arab Emirates. As reported by MSN, Dr. Saleh Al Hashmi, the...
Syria is planning to print a newly-designed currency in the United Arab Emirates (UAE) and Germany, moving away from its previous reliance on Russia. This shift comes as Syria aims to strengthen its ties with Gulf Arab and Western nations, motivated by new opportunities following the loosening of U.S. sanctions. Three sources confirmed this development,...
The United Arab Emirates (UAE) has significantly improved its global standing in human development, now ranking 15th out of 193 countries in the latest Human Development Index (HDI) report released by the United Nations Development Programme (UNDP). This marks an impressive rise of 11 places compared to its ranking in 2021–2022. The UAE has surpassed...
The UAE Ministry has announced a partnership with retailers such as Carrefour and Lulu to promote local products. This initiative aims to enhance the visibility and availability of locally sourced goods within the retail sector. As part of this collaboration, retailers will provide various support measures, including fee waivers, marketing assistance, and competitive shelf space...
Abu Dhabi is enhancing its environmental protection efforts by implementing a new regulation aimed at improving preparedness and response to environmental emergencies. This regulation empowers the Environment Agency – Abu Dhabi to react swiftly to incidents of pollution affecting air, sea, or land. The regulation applies to all facilities and projects within Abu Dhabi that...
The Gulf region is emerging as a strategic hub for trade and industry, especially in the context of recent tariff changes. Its modern logistics infrastructure, extensive free trade zones, and globally connected ports make it an appealing choice for companies looking for a stable operational base. As businesses navigate the complexities of international trade, the...
Bahrain’s Parliament has unanimously approved a new tax targeting multinational enterprises (MNEs). This decision came during a retrospective vote on a royal decree issued by His Majesty King Hamad concerning the Domestic Minimum Top-up Tax for MNEs Law, which occurred during the National Assembly’s recess last year. Finance and National Economy Minister Shaikh Salman bin...
Disney’s CEO recently announced that the upcoming Disneyland theme park, set to be constructed on Yas Island, will draw inspiration from Arab characters and locations. This development is a significant step towards creating a culturally relevant experience for visitors in the region. The theme park is expected to integrate various elements that reflect the rich...