The United Arab Emirates (UAE) will collaborate with Ukraine to create the first food hub on the African continent, according to Ukrainian President Volodymyr Zelensky. This announcement was made during an online press conference held in Abu Dhabi with Ukrainian journalists, as reported by Ukrinform During the event, Zelensky told that both nations have long...
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Category: EconomyIMF Chief Urges Emerging Economies to Embrace AI Adaptation
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed the necessity for emerging economies to adapt to the transformative effects of artificial intelligence (AI) during her speech at the AlUla Conference for Emerging Market Economies in Saudi Arabia. She emphasized that these economies must embrace AI to remain competitive and ensure sustainable...
UAE Employees Earn Highest Monthly Salaries in the Middle East and Among Top Global Rankings
Employees in the United Arab Emirates (UAE) enjoy the highest monthly salaries in the Middle East and Arab World, ranking among the top 20 countries globally in 2024. The average gross monthly wage in the UAE is reported to be $3,663 (Dh13,400), placing it as the 18th highest worldwide. In the Gulf Cooperation Council (GCC)...
UAE E-commerce Market Set to Exceed AED 48 Billion by 2028
The e-commerce market in the United Arab Emirates (UAE) is projected to experience significant growth, with estimates indicating it will surpass AED 48.8 billion by 2028. This growth is attributed to the increasing demand for online shopping and rapid advancements in the digital economy. In 2022, the Dubai Chamber of Commerce had predicted that the...
Dubai Leads Global Digital Innovation Rankings, Followed by Seoul and Singapore
A recent study conducted by ZeroBounce has identified the world’s top ten cities most reliant on digital infrastructure. The evaluation was based on nine key categories, including internet speed, public Wi-Fi availability, online maintenance reporting systems, CCTV coverage, and pollution monitoring applications. Additional factors included digital healthcare access, smart parking solutions, and the digitization of...
UAE Implements Vertical Farming to Reduce Crop Prices
UAE is increasingly turning to vertical farming as a strategy to lower crop prices. As businesses venture into agricultural projects, they are finding it easier to get their products on supermarket shelves, improving their chances of profitability. The rise of both advanced vertical farms and traditional farming methods across the region is making a significant...
Abu Dhabi Fund for Development Reaches AED229 Billion in Total Funding
The Abu Dhabi Fund for Development (ADFD) has officially reached a total funding amount of approximately AED229 billion, as announced during the World Governments Summit 2025, which was held in Dubai. The summit, themed “Shaping Future Governments,” gathered government leaders, ministers, senior officials, and global experts from various sectors to exchange knowledge and strategies for...
Abu Dhabi Enforces Stricter Penalties for Environmental Violations
In a significant effort to enhance environmental conservation, the Environment Agency — Abu Dhabi (EAD) has introduced new regulations that impose tougher administrative penalties on activities that damage the environment. This move aims to strengthen the enforcement of environmental standards and safeguard the emirate’s natural resources. The new framework enables the EAD to take swift...
UAE Leverages BRICS Membership to Enhance Global Trade and Infrastructure
The United Arab Emirates (UAE) is actively using its membership in BRICS to boost global trade resilience and take the lead in infrastructure development, according to experts at the World Governments Summit 2025 held in Dubai. During a recent panel discussion, Sultan Ahmed bin Sulayem, chairman and CEO of DP World, along with Mohamed Saif...
Sharjah Ruler Introduces New Corporate Tax Law for Natural Resources Companies
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, has enacted a new law regarding corporate tax for both extractive and non-extractive natural resource companies operating in the Emirate of Sharjah. This law aims to establish clear tax obligations for companies involved in these sectors. Under this...