Indian Oil Corporation (IOC), India’s largest oil company, has signed a significant long-term agreement with ADNOC Gas to import Liquefied Natural Gas (LNG). The deal, valued between USD 7 billion and USD 9 billion, spans 14 years and involves the supply of 1.2 million tonnes of LNG annually starting in 2026. The agreement was formalized...
Dubai Future Foundation (DFF) and IBM have officially signed a Memorandum of Understanding (MoU) aimed at reinforcing Dubai’s stature as a global hub for artificial intelligence (AI). This agreement was formalized during the World Governments Summit (WGS) 2025 and is in line with the Dubai Economic Agenda (D33), which targets doubling the size of Dubai’s...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with Professor Klaus Schwab, Executive Chairman of the World Economic Forum, on the opening day of the World Governments Summit 2025. The summit, running from February 11 to 13 under the theme “Shaping Future...
Dubai Chambers has been named as a Featured Partner for the World Governments Summit 2025, which is set to take place in Dubai from February 11 to 13, 2025. The summit will operate under the theme ‘Shaping Future Governments’ and aims to gather global thought leaders, experts, and decision-makers to foster international cooperation and develop...
In a significant advancement in the realm of artificial intelligence (AI), the UAE is partnering with France to establish a 1 gigawatt (GW) AI data centre. This mega project will see the UAE invest billions of euros, making it the largest AI facility of its kind in Europe, according to the French presidency. The announcement...
Abu Dhabi University (ADU) has entered into a Memorandum of Understanding with Shanghai Stemstar Education Technology Co., Ltd., a leading education technology company based in Shanghai, China. This collaboration is a significant advancement in strengthening research and development (R&D) capabilities, promoting innovation in STEM (Science, Technology, Engineering, and Mathematics), and preparing students to address global...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, met with Alexander Caedmon Karp, Co-Founder and CEO of Palantir Technologies, to explore ways to boost AI adoption and digital transformation in the UAE. The meeting, held in Sheikh Maktoum’s office, highlighted the...
Samsung E&A, a leading South Korean engineering and construction company, has won a major contract worth $1.69 billion to build a methanol plant in the United Arab Emirates (UAE). The deal was officially announced on Monday. The project, commissioned by the Abu Dhabi National Oil Company (ADNOC), will focus on designing, procuring materials, and constructing...
H.H. Sheikh Hazza bin Zayed Al Nahyan, the Ruler’s Representative in Al Ain Region, welcomed a delegation from the Emirates Centre for Strategic Studies and Research (ECSSR) at Al Maqam Palace in Al Ain Region on January 31, 2025. According to WAM, the meeting was focused on the Centre’s significant roles in enhancing the UAE’s...
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, held a meeting with Laurent Freixe, CEO of Nestlé, at his office in Dubai. Nestlé, as the world’s largest food and beverage company, was at the center of discussions aimed at enhancing economic cooperation. During...