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Category: Economy
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UAE Recognized as GCC Region’s Most Diversified Economy in Global Economic Diversification Index 2025
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UAE Recognized as GCC Region’s Most Diversified Economy in Global Economic Diversification Index 2025

The UAE has been identified as the most diversified economy in the Gulf Cooperation Council (GCC) region, according to the recently released Global Economic Diversification Index (EDI) 2025. The Mohammed Bin Rashid School of Government (MBRSG) presented this report during a panel discussion at the 2025 World Governments Summit, which focuses on “Shaping Future Governments.”...

UAE and Sri Lanka Forge Investment Security Agreement
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UAE and Sri Lanka Forge Investment Security Agreement

During the World State Conference-2025, the UAE and Sri Lanka signed a promotional and mutual investment security agreement aimed at strengthening their economic and investment relationships. The agreement was officially signed by the UAE Minister of State Mohammad Bin Hadi Al Hussaini and Sri Lanka’s Minister of Foreign Affairs Vijitha Herath. This bilateral agreement establishes...

UAE to Launch Specialized Hub for CBRNE Threat Detection at IDEX 2025
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UAE to Launch Specialized Hub for CBRNE Threat Detection at IDEX 2025

The UAE is set to unveil a specialized zone focused on Chemical, Biological, Radiological, Nuclear, and Explosive (CBRNE) threats during the upcoming International Defence Exhibition and Conference (IDEX) 2025. This initiative represents the world’s first dedicated CBRNE hub to be featured at a defence exhibition, emphasizing the UAE’s commitment to enhancing safety and security in...

Arab Parliament Pushes for New Laws to Boost Digital Transformation
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Arab Parliament Pushes for New Laws to Boost Digital Transformation

The Arab Parliament is working on modern legislation to speed up digital transformation across Arab countries, with particular attention to artificial intelligence (AI) and its governance. Mohammed bin Ahmed Al Yamahi, Speaker of the Arab Parliament, during the World Government Summit 2025 (WGS) as reported by WAM. Al Yamahi explained that the parliament aims to...

Dubai Customs Stops Smuggling of 1.2 Tonnes of Psychoactive Substances
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Dubai Customs Stops Smuggling of 1.2 Tonnes of Psychoactive Substances

Dubai Customs has successfully intercepted a shipment containing 1.2 tonnes of psychoactive substances at the emirate’s air cargo terminal. The operation, carried out by the Ports, Customs, and Free Zone Corporation, showcased the alertness and dedication of customs inspectors in preventing illegal trafficking. By using advanced technologies and meticulous inspection methods, the team identified the...

DEWA Reports Record AED 31 Billion Revenue in 2024
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DEWA Reports Record AED 31 Billion Revenue in 2024

Dubai Electricity and Water Authority (DEWA) has announced its record-breaking financial results for 2024, reporting an annual revenue of AED 30.98 billion and an EBITDA of AED 15.70 billion. Net profit after tax stood at AED 7.24 billion. The quarterly results for Q4 2024 also reflected strong performance, with revenues reaching AED 7.45 billion and...