UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...Business
UAE leads global charge in generative AI adoption
With 40 percent of UAE workers already exploring generative AI, the nation stands as a beacon of tech adoption, far...Business
UAE, Indonesian Presidents to enhance bilateral relations
SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at...The meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit.
The two Presidents exchanged views on several regional and international issues of common concern.
Etihad Credit Insurance issues $1.71 bn in trade guarantees in nine months
Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees in the first nine months of...ECI's third meeting this year was told that with government's support, ECI has by far issued 7,936 revolving credit guarantees.
These state-backed guarantees helped to protect and create 50,000 jobs by supporting companies, 72 percent of which were SMEs.
Musk sees aliens, tunnels in a candlelit G20 vision of the future
The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the...Musk was asked why he had not travelled to Indonesia, the Twitter's new boss joked that his "workload has recently increased quite a lot" after the takeover
He said he wants to see rocket platforms across the world that would allow people to travel "to the complete other side of the world" at 20 times the speed of sound
TAQA posts 53% income rise
The income vaulted to $1.77bn in the first nine months of 2022.The company also reported group revenues of $10.61 billion, 14% higher than the prior-year period
TAQA’s Board of Directors also declared an interim cash dividend of $184 million (0.60 fils per share)
High Qatar costs dampen MENA football fervor
Passion for football in the Middle East runs deep, but a week before the start of the World Cup, the...According to football historian Paul Dietschy, world cups have traditionally attracted more affluent supporters than weekly club football, whose fanbase is often working-class
Even in oil-rich Saudi Arabia, which has the Arab world's largest economy and shares a land border with Qatar, fans said the costs were prohibitive
UAE to launch feature-rich, faster EmaraTax platform on Dec.5
Abu Dhabi, UAE --UAE's Federal Tax Authority said Sunday it will launch EmaraTax platform on Dec.5, 2022. The migration to...Migration to EmaraTax will begin from end of 30 Nov. and it will be available for use from 5 Dec.
EmaraTax significantly enhances taxpayer access to the FTA’s services, payment of taxes and obtaining refunds.
Sustainable food cold chains reduce waste, fight climate change, says UN report
Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate...These systems are critical to maintaining the quality, nutritional value and safety of food.
An estimated 14 percent of all food produced for human consumption is lost before it even reaches consumers.
Post-Covid UAE real estate upswing to continue
A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental...In a report, real estate advisory firm JLL said that the residential sector was the highest performer “within construction asset awards”.
The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market.
G20 health, finance ministers agree to launch US$1.4bn pandemic fund
The G20 health ministers have agreed to establish a pandemic fund.The fund will be commonly used to fix the health system and close the budget gap for the following five years.
Up to 20 donor countries and three philanthropists have expressed willingness to contribute to the effort to raise "pandemic fund" totaling US$1.4 billion.
COP27 focuses on ways and means to feed 8 billion people
The adaptation and agriculture thematic day at COP27 focused on how the world will feed eight billion people.A series of sessions and initiatives shed light on pathways forward on adaptation and climate resilient agriculture.
The focus comes at a particularly challenging year for food security.
