The Ghana-UAE Innovation and Technology Hub is set to create thousands of high-value, technology-driven jobs aimed at benefiting Ghana’s young population. This initiative also focuses on building export capacity in advanced technologies and value-added services. On May 29, the Ministry of Communication, Digital Technology, and Innovations (MoCDTI) in Ghana signed a Memorandum of Understanding (MoU)...
Faraday Future (FF), a California-based global AI electric vehicle manufacturer, is set to establish its first operational base in the Middle East located in Ras Al Khaimah. The new facility will be situated in Al Hamra within the Ras Al Khaimah Economic Zone (RAKEZ) and will cover an area of approximately 108 000 square feet,...
Doha: Invest Qatar, the Investment Promotion Agency of Qatar, has formed a strategic partnership with Schneider Electric, a global leader in energy management and automation digital transformation. This collaboration aims to support Schneider Electric’s expansion in Qatar and hasten the development of smart infrastructure and artificial intelligence (AI) solutions within the country’s growing business ecosystem....
The UAE’s travel and tourism sector is set to create more than 26 000 jobs this year, marking a big boost for the industry. This expansion is part of a broader trend, with international visitor spending in the Emirates projected to reach a record $62.2 billion. The World Travel and Tourism Council (WTTC) chief described...
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially launched its $500 million car factory at the King Salman Automotive Cluster in King Abdullah Economic City (KAEC). The groundbreaking ceremony marks a significant step forward for the automotive sector in Saudi Arabia, according...
Dubai’s Jebel Ali Free Zone (Jafza), managed by DP World, has celebrated its 40th anniversary with significant achievements, reporting record-breaking trade volumes of $190 billion over the past year. This figure represents a 15 percent increase from the previous year and marks the highest contribution Jafza has made to Dubai’s economy, as announced by DP...
UAE-based food packaging company Hotpack has announced the establishment of its first manufacturing and distribution hub in North America, located in New Jersey. This strategic move aims to enhance service delivery to its US customers and reflects the company’s commitment to innovation and environmental responsibility in the global packaging market. Last week, Hotpack, in collaboration...
For the third consecutive year, Dubai has been recognized as the top global destination for attracting Greenfield foreign direct investment (FDI) projects in the cultural and creative industries, according to the Financial Times’ ‘fDi Markets’ report, which evaluated 233 cities worldwide. In 2024, Dubai successfully attracted 971 projects in this sector, resulting in total FDI...
UAE-based food packaging company Hotpack has announced its decision to establish its first manufacturing and distribution hub in North America, located in New Jersey. This move is aimed at improving service delivery to Hotpack’s customers in the United States and underscores the company’s commitment to innovation and environmental responsibility in the global packaging industry. Last...
Abu Dhabi’s tourism authority has reported that the emirate is on track to meet its ambitious visitor goals for the upcoming year. The hotel industry generated Dh2.3 billion in revenue during the first quarter of 2025, which marks an 18 percent increase compared to the same period last year. The early figures suggest that Abu...