In a historic move for the tourism industry, six key nations within the Gulf Cooperation Council (GCC)—Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Oman, Egypt, and Jordan—have announced a collaborative initiative to introduce the GCC Grand Tours Visa. This unified visa system will allow travelers to explore multiple countries with a single visa, promoting...
The International Monetary Fund (IMF) has disbursed $834 million to Jordan in two tranches to aid the country’s economic initiatives. This funding includes an immediate access of $134 million following the completion of the third review of Jordan’s External Fund Facility (EFF), which supports Amman’s economic program. Additionally, the IMF approved an extra $700 million...
Mubadala Investment Company, a sovereign investor from Abu Dhabi, has entered into a partnership agreement with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) to promote collaborations aimed at advancing infrastructure initiatives. This agreement establishes a comprehensive framework for cooperation between the two organizations, focusing on enhancing Abu Dhabi’s development as a preferred destination for...
The UAE is making significant advancements in regional transportation with the Etihad Rail high-speed passenger network. This ambitious project aims to connect all seven emirates and key Middle Eastern cities through a 900 km rail system that can reach speeds of up to 350 km/h (217 mph). Once completed, travel between major hubs, such as...
Sir Tim Clark, President of Emirates, has suggested that Dubai may soon unveil a project even larger than the Burj Khalifa. His comments reflect a broader vision for the city’s future, underscoring strategic reinvestment and development that goes beyond its current achievements. Clark, who has been a key figure in Dubai’s evolution over the past...
The UAE and Serbia are set to enhance their economic relations with a target of a $350 million trade partnership following the launch of the Comprehensive Economic Partnership Agreement (CEPA). This agreement marks a significant milestone in establishing stronger economic ties between the two nations. The CEPA has officially come into effect, aiming to foster...
Gridora, an infrastructure platform established by ADQ, IHC, and Modon Holding, has signed its first Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC). This agreement aims to accelerate the delivery of significant transport infrastructure projects valued at an estimated AED 35 billion. The MoU represents a critical step in Gridora’s...
Abu Dhabi is emerging as a key player in the global industrial manufacturing sector, positioning itself to become a strategic industrial powerhouse. This transformation reflects a bold vision, disciplined execution, and targeted investments, particularly through the Abu Dhabi Industrial Strategy 2031 (ADIS). The strategy aims to double the manufacturing sector’s contribution to the emirate’s GDP...
The Abu Dhabi Investment Office (ADIO) has signed a strategic agreement with the Tokyo Metropolitan Government’s Bureau of Industrial and Labor Affairs. This partnership aims to strengthen economic ties and promote growth between Abu Dhabi and Tokyo. Credit: Abu Dhabi Media Office Under this agreement, both parties will collaborate on various initiatives that can enhance...
The Sharjah FDI Office, known as Invest in Sharjah, has introduced ‘Sharjah AcquireHub’, marking the region’s first government-backed digital platform designed to streamline mergers and acquisitions (M&A) in Sharjah. This initiative, developed in partnership with Transworld Business Advisors, aims to boost economic growth, enhance market resilience, and attract high-quality investments to Sharjah by providing a...