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Category: Economy
The Saudi Ministry of Economy and Planning and Spain’s Ministry of Economy, Trade, and Business have formalized a new agreement to bolster economic relations between the two nations. The memorandum of understanding (MoU) was signed on Wednesday by Saudi Minister of Economy and Planning Faisal Alibrahim and the visiting Spanish Minister of Economy, Trade, and...
Invest Qatar has officially launched a $1 billion incentives program aimed at enhancing Qatar’s reputation as a major global business hub. The announcement was made during the 5th edition of the Qatar Economic Forum. This new initiative offers a comprehensive suite of incentive packages tailored for both local and international investors. According to QNA, these...
Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, recently witnessed the signing of a significant agreement to digitise UNESCO’s global archive. This initiative is backed by a $6 million grant from the Sharjah Book Authority. The signing occurred on Wednesday morning at the UNESCO headquarters in Paris, with Sheikha...
In the UAE, millions of date palms are trimmed each year, resulting in substantial amounts of agricultural waste, particularly palm fronds. Traditionally, these fronds were used in building methods, but today they are often discarded or burned. Desert Board, a startup based in the UAE, aims to change this narrative by transforming palm fronds into...
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...