Oklahoma state officials have announced a significant agreement with a private company from the United Arab Emirates to construct a $4 billion aluminum manufacturing facility in northeast Oklahoma. This deal, revealed on Friday, marks a major development for the state’s industrial landscape. Governor Kevin Stitt, along with officials from the Oklahoma Department of Commerce, emphasized...
Tag: economic development
UAE to Provide $11 Billion in Financing to Industrial Firms Over Next Five Years
The United Arab Emirates (UAE) is set to offer industrial companies more than Dh40 billion, equivalent to approximately $10.89 billion, in financing over the next five years. This initiative aims to stimulate growth within the industrial sector and encourage expansion among various firms. In addition to the financing, the UAE government is launching a Dh1...
Dubai International Chamber Attracts 53 Global Companies in Q1 2025, Achieving 39% Year-Over-Year Growth
The Dubai International Chamber has reported that it successfully attracted 53 companies from various countries during the first quarter of 2025. This achievement represents a significant year-over-year growth of 39%, highlighting the chamber’s efforts to enhance Dubai’s position as a global business hub. Credit: Government of Dubai Media Office As part of Dubai Chambers, the...
UAE and North Macedonia Strengthen Ties with New Agreements
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan recently met with Hristijan Mickoski, the Prime Minister of North Macedonia, at Qasr Al Shati in Abu Dhabi. The discussions focused on enhancing cooperation across several key sectors, including the economy, trade, tourism, renewable energy, and investment, according to the UAE’s national news agency, Wam....
UAE Participates in Arab Meeting on Artificial Intelligence Impacts
The United Arab Emirates (UAE) participated in an extraordinary session of the Economic and Social Council at the Arab League headquarters yesterday. This meeting was held to prepare for the upcoming ministerial session scheduled for today, where discussions will focus on the economic and social agenda for the 34th Arab Summit and the fifth Arab...
Abu Dhabi to Host 20 000 Global Participants at AIM Congress This Year
Abu Dhabi is set to welcome over 20 000 participants, including prominent global figures and top investors, at the AIM Congress 2025. This major event will take place from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre (ADNEC). The 14th edition of AIM Congress will focus on the theme “Mapping the...
UAE and Uzbekistan Leaders Discuss Cooperation Over Phone
Sheikh Mohammed bin Zayed Al Nahyan, President of the UAE, received a phone call yesterday from Shavkat Mirziyoyev, President of Uzbekistan. During their conversation, they exchanged greetings in celebration of the holy month of Ramadan, praying for blessings and prosperity for their nations, their peoples, and the wider Islamic community. The leaders also explored various...
SEDD and Sharjah Police Strengthen Cooperation for Economic Development
The Sharjah Economic Development Department (SEDD) recently welcomed a delegation from Sharjah Police Headquarters. The purpose of this meeting was to enhance cooperation and exchange expertise between the two parties to better support the business sector, investors, and stakeholders in achieving sustainable economic development across various sectors in the emirate. During the meeting, several key...
Abu Dhabi Introduces New Regulations for Endowment Institutions
The Abu Dhabi Department of Economic Development (ADDED), in partnership with The Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi), has announced a new resolution for the establishment and licensing of endowment institutions in Abu Dhabi. This resolution marks a significant advancement in enhancing endowment structures and supports the sustainability of family-owned businesses while...
SEWA Launches Water Network Projects in Kalba at AED107 Million
The Sharjah Electricity, Water and Gas Authority (SEWA) is investing up to AED107,435,000 to enhance water transmission and distribution networks in Kalba city. These projects are designed to address the growing demand for water, which is essential for various development initiatives in the city, according to a statement from SEWA. Youssef Al Hammadi, Director of...