Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has appointed Sheikh Ahmed bin Saeed Al Maktoum as Chairman of Expo City Dubai Authority.

EDB credit facility will extend to both capital investment and expenditures.

A UAE delegation led by Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber has concluded a two-day visit to Türkiye that took place from July 13-14 aimed at enhancing cooperation and exploring new areas for future collaboration.

US President Joe Biden held joint investment talks Thursday with Israel, India and the United Arab Emirates, as Washington seeks to counter the global reach of China. The multilateral summit was convened in Jerusalem where Biden is on his first Middle East tour as president, with leaders from India and...

Abu Dhabi Fund for Development and the Abu Dhabi Exports Office signed two loan agreements with the Electricity and Water Authority in Bahrain to finance a water supply network project.

Spain exported a total of 22,827 tonnes of fruit and 17,753 tons of vegetables to the UAE last year.

The UAE will continue to strengthen cooperation and enable positive, respectful dialogue between countries to achieve stability and prosperity for all, says the country's President.

Confidence in the positive short-term economic outlook increased despite the current decline in the Purchasing Managers' Index, the MOMR noted.

The Gulf countries have taken several measures to increase the local employment, especially in UAE and Saudi Arabia. This week's TRENDS Infographic looks at job situation in the region.

Dubai will host the first edition of the World Corporate Summit which will discuss sports and multi-sectoral business growth as core pillars. WCS will be held from November 21 to December 16 and will be attended by decision-makers from multinational corporations, UAE-based firms and government institutions.

The International Committee of the Red Cross (ICRC) has set up an office in Abu Dhabi in order to 'strengthen bilateral cooperation and partnership.'

SirajPower will develop a fully financed 2 MVA solar-diesel-battery.

Minister of Economy and Chairman of the UAE International Investors Council Abdullah bin Touq Al Marri said, in a meeting, the council has set up a platform to protect and support the interests of Emirati companies and investments abroad. The meeting also discussed the advantages of CEPA signed with India,...

The Abu Dhabi Chamber of Commerce and Industry has organized an awareness session on increasing Emiratization rates in the private sector. It has been organized in cooperation with the Ministry of Human Resources and Emiratization, the Abu Dhabi Department of Economic Development and the Emirati Talent Competitiveness Council.

A United Arab Emirates court has commuted the death sentence of an Israeli woman convicted of drug possession to life in prison. She was sentenced to death in April for possession of 50 grams of cocaine and half a kilogram of marijuana.

Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel. Trade deal with Colombia is also imminent.

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign Ministers’ meeting held in Bali, Indonesia, on July 7-8. Such meetings help in promoting international cooperation to achieve sustainable development goals.

Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial regulatory organizations across the world through secure channels.

The UAE will encourage some 300 global technology firms and software developers to set up base in the country under the newly launched "NextGenFDI."

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's associations and a group of fishermen to discuss the challenges and opportunities related to the fisheries sector

UAE will announce 3,000 beneficiaries of housing loans during 2022, taking 500 housing decisions per month that will announce the names of the beneficiaries of the first installment of the new housing policy. The new policy includes 500 decisions worth AED400 million, according to Suhail bin Mohammed Al Mazrouei, Minister...

"A generous royal order was issued approving the allocation of financial support in the amount of SAR 20 billion (around $5.3 billion) to face the repercussions of rising prices globally," the official Saudi Press Agency highlighted. Roughly half that amount would come via direct cash transfers to social security beneficiaries.

The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar.

The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the Gulf country's national economy grow by 2.6 percent by 2030.

The company intends to speed up growth in the GCC.

The newly updated agreement between the two companies will pave the way for the production of Pilatus PC-24 Super Versatile Jet interiors.

The rise of digital payments also increases the chances of payment frauds in the region, Damon Madden, Head of Business Development - Fraud at ACI Worldwide, tells TRENDS.

The UAE has approved 22 policies that focus on accelerating the implementation of the circular economy model in the UAE in four main sectors – manufacturing, food, infrastructure, and transport. At the UAE Circular Economy Council’s second meeting of 2022, the Council also identified at least 16 circular economy activities that can...

The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...

The UAE has sent three planes carrying a 1,000 sqm field hospital, which includes 75 beds and two operating rooms equipped with the latest medical supplies and devices, to offer relief to earthquake victims in Afghanistan.

Anwar Gargash, Diplomatic Adviser to UAE President, discussed developing ties across various domains with Minister of Foreign Affairs of the Republic of Cyprus. In a meeting held in Dubai, the two reviewed issues of common concerns and means to enhance cooperation to promote progress, prosperity and development of both countries....

The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a large section of the population of the Southeast Asian nation

UAE Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber said the country continues to empower the industrial sector and increase its competitiveness by leveraging its resources, advantages and capabilities

Many Gulf countries have set up electronic platforms to localize government and private sector jobs to reduce the national unemployment and their reliance on expat workers.

The UAE and South Korea sign an agreement to launch a joint cooperation program to support entrepreneurs and SMEs. During the 11-month program, the two sides will discuss and cooperate in entrepreneurship and SME development.

The new draft law is geared to provide more business opportunities for UAE citizens and allow new categories of citizens to access the commercial agencies business.

To expand and upgrade the metaverse, 6G, Wi-Fi 6, and edge computing capabilities will be critical. Just as the internet created safety, privacy, and security challenges, the metaverse will add even more challenges, he says.

Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts, says Naveen Jain of Global Village.

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that leveraging nature-based solutions, especially blue carbon ecosystems, to mitigate and adapt to the impacts of climate change is required at the UN Ocean Conference.

The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International Atomic Energy Agency headquarters in Vienna, Austria.

In the Middle East, the UAE and Saudi Arabia have been leading the decarbonization conversation with pivotal government initiatives that encourage businesses to reduce their carbon footprint. Now, 2022 and beyond will be about delivering on and monetizing those ambitions despite all the challenges, he adds.

TRENDS takes an in-depth look at how the regional govts are reshaping their policies to make the technological ecosystem more lucrative and useful for metaverse and blockchain.

The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, something that "undermines the idea of a single, cohesive region in this sector, he adds.

Several MENA countries have fared well on all three domains of the Genuine Progress Indicator, which has been hailed as a much better metric of a nation's progress than GDP.

The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power Sector' award during the recently held Decarbonization and Climate Action Awards

Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which business and economic sectors have been covered by NFTs in the UAE.

The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support, long waiting times and lack of feedback.

From making solar energy available at 1.35 cents per kilowatt hour to building three of the world's largest solar parks, the Emirates has taken a lead in the fight against climate change.

The UAE, Japan and Singapore have emerged as the trendsetters in regulating the crypto-currency market effectively, according to a top European academic.

Rise in fuel prices, scorching heat and constant rush to deliver due to 'unrealistic promises' made to clients by online platforms are impacting lives of thousands of riders.