Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Economy

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

UAE asks govt entities to buy locally produced food

The program is designed to help government employees develop skills, knowledge and tools to create their own ag-food tech ventures. (File pic)
By TRENDS Desk
December 12, 2022 2:11 pm
  • The decision has been taken to support local production while the government continues to embrace open trade policy
  • The desert country is working on vertical farming under a joint venture between Emirates Flight Catering and US-based Crop One

Dubai, UAE – The UAE has directed its state entities to buy locally grown produce to support agri-tech efforts in the country, Reuters reported. 

“We want to let the trade keep going, but where you have hands on your procurement and what you can buy, this is where you can encourage that a certain percentage of certain food items are bought locally,” the minister of climate change and environment Mariam Al Mheiri said during her speech at the World Policy Conference in Abu Dhabi. 

The decision has been taken to support local production, Mheiri said while reiterating the UAE government’s policy to continue to embrace open trade policy. 

Abu Dhabi accelerator programme has invested more than $150 million to attract agri-tech companies to operate in the UAE, Mheiri said

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]