Electric, hybrid and aerial to entirely transform city life: IIT Madras expert
Easier commutes with faster, quieter, and eco-friendly vehicles would reduce travel times significantly and reduce stress for urban residents, says...
Interview
Smart cities lead GCC’s IoT boom: NEOM and Smart Dubai in focus
IoT applications are transforming critical sectors such as transportation, where connected vehicles improve traffic management, utilities where smart grids enhance...
Economy
Science
DEWA cleans beach, plants mangrove as part of 26th National Environment Day
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) participated in a campaign to clean the beach and plant mangroves...
- DEWA organized virtual environmental lectures in Arabic and English, in cooperation with Dubai Municipality.
- More than 250 DEWA employees and their families participated in the event.
Economy
Markets take a hit as US jobs fan rate worries
optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in...
- The rally enjoyed through January has ended this month as investors contemplate a period of high borrowing costs aimed at bringing inflation down from multi-decade highs
- A softer tone from the Fed regarding its monetary tightening campaign had allowed market participants to entertain the possibility of a pause, or even a cut, later in the year
Economy
Average occupancy in Dubai hotels 73% in 2022, highest in world
The high occupancy was achieved despite a 16 per cent increase in room supply in 2022 compared to 2019.
- The high occupancy was achieved despite a 16 per cent increase in room supply in 2022 compared to 2019.
- Dubai’s hotel inventory at the end of December 2022 comprised of 146,496 rooms at 804 hotel establishments.
Economy
Dubai’s position as international events destination reinforced in 2022
The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the...
- The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the Skift Global Forum
- Expo 2020 hosted global business and leisure events across 2022 including Gulfood, the World Government Summit, Binance Blockchain Week, Gitex Global Dubai
Economy
Dubai receives 14.36mn international visitors in 2022
The latest data from the United Nations World Tourism Organisation (UNWTO) shows that global tourist travel in 2022 was 37...
- The latest data from the United Nations World Tourism Organisation shows that global tourist travel in 2022 was 37% lower than 2019
- The Middle East saw the strongest relative increase, with arrivals climbing to 83 percent of pre-pandemic numbers.
Economy
Middle East talent hunt pits UAE against Saudi Arabia
The two biggest economies of the region are leaving no stone unturned to hire the most talented professionals in order...
- Corporate groups are enticing chief executives from corporations in the West with an array of choices, including large joining bonuses and buying out extended notice periods
- Recruiters hiring for Saudi Arabia have a harder time though to convince professionals to relocate to the kingdom than do headhunters recruiting for the UAE
Economy
Preserving natural resources crucial for future generations, reiterates key UAE official
The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by...
- Protecting and preserving natural resources for future generations is very important and the UAE is committed to achieve sustainability, says an official
- The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by the late Sheikh Zayed Al Nahyan, he adds
Economy
Dubai’s government, private sector to discuss future at Innovation Talks
DUBAI, UAE - The Innovation Talks series will bring together heads and representatives of Dubai government departments, and experts from...
- The three-day Innovation Talks series will include keynote sessions and knowledge seminars.
- The series emphasizes the importance of innovation, especially in providing services and increasing the effectiveness of procedures.
Economy
Dubai Customs, Dubai Chambers discuss support for private sector
DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting businesses and the private sector and enhance the emirate’s competitiveness...
- Dubai Customs, Dubai Chambers discussed their shared plans and strategies, including the electronic integration of services.
- They also discussed the development of new services to consolidate Dubai’s position as a major global economic hub in the next 10 years.
Business
SEDD discusses cooperation with Matajer
SHARJAH, UAE - Sharjah Economic Development Department (SEDD) received a delegation from Matajer - one of the most important commercial...
- SEDD contributes to planning and leading the economic development of the emirate.
- The department contributes to strengthen the partnership between government and private sector.
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Electric, hybrid and aerial to entirely transform city life: IIT Madras expert
Easier commutes with faster, quieter, and eco-friendly vehicles would reduce travel times significantly and reduce stress for urban residents, says...
Interview
Company News
Latest News
JPMorgan Q3 profit at $13.2bn
Business
GCC countries follow US Federal Reserve’s lead in holding interest rates
Abu Dhabi, UAE – The Central Banks of the United Arab Emirates and Qatar have chosen to maintain their current...
Economy
World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
COP28 UAE
Clean energy sees marked investment rise since 2020
With a 40% increase in clean energy investments since 2020 and a focus on innovative policies, the global community is...
Most Read
COP28 UAE
World unites at COP28 to shift away from fossil fuels
Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...
- Nearly 200 countries in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step in addressing climate change.
- EU climate chief Wopke Hoekstra lauds the historic deal targeting a 43% reduction in emissions by 2030 as a significant breakthrough after decades of discussions.
Business
CBUAE joins the Gulf payments system AFAQ
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) joined AFAQ Payments System, which is operated by the Gulf...
- Along with the CBUAE, Barclays Bank joined the AFAQ system, becoming the first financial institution operating in the UAE to achieve this step and begin using the system’s services
- To date, the Central Bank of Bahrain, the Saudi Central Bank, and the Central Bank of Kuwait have joined "AFAQ", in addition to a number of commercial banks from these countries
Geostrategy
Digitalization has high environmental costs, says UNCTAD meet
DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...
- Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.
- The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.