The UAE Embassy in Tokyo recently hosted a virtual seminar focused on the economy and technology. Ms. Muna Al Maeeni, the Chargé d’Affaires and Deputy Head of Mission in Tokyo, delivered a speech highlighting the significant role that these sectors play in enhancing bilateral relations. Credit: Arab News Japan During her address, Al Maeeni emphasized...
“NEXT50,” a joint initiative between “Investopia” and the “EMIR Center,” convened its second meeting to discuss how UAE companies can benefit from promising investment opportunities in new economic sectors both within the country and abroad. The meeting took place with the presence of Abdullah bin Touq Al Mari, Minister of Economy and the Chairman of...
Abu Dhabi-based International Holding Company (IHC) is set to acquire a stake in Haldiram Snacks, a leading Indian snack food manufacturer valued at $10 billion. This investment comes alongside New York-based Alpha Wave Global, marking a significant moment for Haldiram as it aims for international growth. The announcement follows Singapore’s Temasek, which recently acquired a...
Sheikh Tahnoun bin Zayed, the Deputy Ruler of Abu Dhabi and National Security Adviser, met with officials from the Trump administration and various business leaders on Monday. The discussions focused on enhancing economic partnerships, energy investments, and advancements in artificial intelligence. During the meeting, Sheikh Tahnoun emphasized the importance of deepening collaboration between the UAE...
Ras Al Khaimah (RAK) is increasingly becoming a significant global investment hub, attracting businesses and luxury developers with its investor-friendly policies and stunning natural landscapes. The emirate has seen a remarkable transformation, moving from a quiet escape to a hotspot for global enterprises. In 2024, RAK recorded a 12% increase in tourism revenues, welcoming over...
The United Arab Emirates (UAE) has been recognized as one of the world’s top 10 countries for next-generation opportunities, primarily due to its Golden Visa program. The UAE secured the seventh position in the Henley Opportunity Index released by Henley and Partners, achieving high scores in employment prospects, earning potential, and economic mobility. In this...
Abu Dhabi’s steel and building materials manufacturer EMSTEEL has announced the launch of its Asset Enhancement Program, which has a capital expenditure of approximately AED625 million ($170.2 million). This strategic initiative is aimed at enhancing production capabilities and introducing advanced steel solutions to meet the increasing demands of the market. The program is closely aligned...
Trading in the United Arab Emirates’ equity markets resulted in mixed outcomes on Monday, reflecting a cautious sentiment influenced by US President Donald Trump’s plans to impose new tariffs. At the close of trading, the FTSE ADX General Index decreased by 0.715%, while the DFM General Index rose by 0.39%. The Trump administration is exploring...
Abu Dhabi National Hotels announced a remarkable net profit of AED 1.33 billion for the year 2024, marking a significant increase of 216% from the previous year’s profit of AED 422.51 million, according to the company’s income statements. This growth reflects the company’s successful strategies and operations over the past year. The revenue from contracts...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the Board of Directors for Dubai Chambers, which serves as the umbrella organization for the Dubai Chamber of Commerce, the Dubai International Chamber, and the Dubai Chamber of Digital Economy. This approval was announced on February 6,...