The Abu Dhabi Developmental Holding Company (ADQ) has partnered with the State Capital Investment Corporation (SCIC), a sovereign wealth fund owned by the Government of Vietnam. They have signed a Memorandum of Understanding aimed at creating a framework for collaboration in key sectors of mutual interest within Vietnam. This partnership seeks to identify and assess...
For the first time, the UAE’s foreign trade has reached an impressive Dh3 trillion by the end of 2024, as announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. He described this achievement as a “historic milestone” in a post on X. Sheikh Mohammed highlighted...
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...
A recent study by TASC reveals that overall salaries in the UAE are expected to rise by four percent across all industries in 2025. This increase is particularly notable for professionals working in high-growth sectors such as artificial intelligence (AI), data science, and cybersecurity, where salary hikes will be more significant. The report says that...
The International Monetary Fund (IMF) has projected strong economic growth for the UAE, forecasting a 4% increase in 2025 despite reduced oil production under OPEC+ agreements. In a recent statement following its staff visit, the IMF highlighted the UAE’s focus on non-hydrocarbon sectors, which are thriving thanks to tourism, construction, and public spending. Financial services...
Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the inaugural UAE-Kuwait Week will take place in Dubai from February 3 to 4, 2025. This event aims to enhance strategic economic and trade ties between the United Arab Emirates and Kuwait while identifying new...
H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, the Chairperson of the Dubai Culture and Arts Authority, convened a meeting with Daren Tang, the Director-General of the World Intellectual Property Organisation (WIPO), during the 55th Annual Meeting of the World Economic Forum (WEF) in Davos on January 24, 2025. The primary focus of their...
The bond between India and the UAE has flourished over the years, evolving from a historical exchange of spices and pearls to a multifaceted partnership driven by shared ambitions. As an Indian expatriate in the UAE for over three decades, India’s Republic Day holds special significance, marking not only the sacrifices of freedom fighters but...
The OPEC Fund for International Development is providing a loan of US$50 million to enhance the rehabilitation, upgrading, and maintenance of National Route PY22 and its access roads in the Concepción department of northern Paraguay. This funding is part of a larger initiative that includes a US$135 million loan from CAF – Development Bank of...
AD Ports Group, a prominent player in global trade, logistics, and industry, announced yesterday, on January 22, 2025, the signing of a Memorandum of Understanding (MoU) with the Egyptian Ministry of Industry and Transport. This agreement aims to explore the joint development and operations of an integrated logistics park in Alexandria, Egypt. The MoU was...