Dubai, UAE - The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office announced that Google Gemini has ranked first in the “AI in the Ring” Index, the world’s first benchmark designed to evaluate how effectively AI language models reflect Emirati culture, dialects, traditions, and national values through a...
Digital transformation helps GCC banks prosper
Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform better in H1 2021 than they did in the same period last year.
Digital currency can speed up global payments: CBUAE
The CBUAE has in a study found that central bank digital currencies can substantially improve international trade payments.
EDB to push Ajman growth
The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.Infrastructure push spurs job growth in GCC
The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022 respectively and initiating infra projects worth billions of dollars.
New FTA services to ease VAT refunds for UAE homes
The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them with easy access to information, and allow them to communicate directly with FTA representatives.
Kuwait plans customs virtual corridor with Abu Dhabi
The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.UAE and WEF to hold ‘Great Directions for the Future’ dialogue in Abu Dhabi
The United Arab Emirates in partnership with the World Economic Forum will hold a two-day long gathering of thinkers to exchange ideas on ‘Great Directions for the Future’ dialogue in November.
Dubai Expo unveils its gleaming pavilions
Dubai's edition, the first in the Middle East, is expected to be the biggest event ever held in the region with estimates of 25 million visitors over its six-month lifespan.In first under Biden, US security advisor heads to Saudi Arabia
Biden, shortly after taking office in January, said the United States would slash US support for the Saudi-led offensive in Yemen that has contributed to what the United Nations calls the world's worst humanitarian crisis with more than half the population reliant on aid.Expo 2020: Cisco operating next generation IT network
The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital solutions.Abu Dhabi, Pakistan discuss boosting business ties
The chamber is ready to offer all the services required to help Pakistani businesses and entrepreneurs in Abu Dhabi.
Dubai ups housing loan limit for UAE citizens to $272,000
The ruler of Dubai, and vice president and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum has raised the housing loan limit for all the UAE citizens to $272,000.Cyber-pandemic quickened UAE digital push
Mohamed Hamad Al Kuwaiti has said the UAE is fully equipped to transition into AI for governance and economy.Shuaa Capital of UAE to hand over $2.7bn London property projects at year’s end
Shuaa Capital, the United Arab Emirates (UAE) based company, has said that it intends to fully complete and deliver the $2.7 billion worth of property projects in London through Northacre.
Sharjah, Saudi Arabia discuss real-estate investment
The discussions took place between the Sharjah Chamber of Commerce and Industry and the National Real Estate Committee of the Federation of Saudi Chambers on various ways to explore investment opportunities in the real-estate sector.UAE and Iraq discuss ways to boost parliamentary cooperation
The two sides suggested the creation of a joint parliamentary friendship committee to realize the aspirations of the two countries in several areas, help exchange expertise and knowledge and best practices to serve parliamentary diplomacy.
Special forces of UAE, Saudi Arabia, Egypt, Greece conclude military exercises
Special security forces of Saudi Arabia, the UAE, Greece and Egypt have completed joint drills in the Greek capital, Athens.
UAE’s Amanat sells stake in Saudi IMC for $118m
The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake in the Saudi International Medical Center for $118 million.
Dubai sees growth in employment opportunities as Covid-19 cases drop
As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround in employment and a revival in business. Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years, according...
Transformative projects focus of new UAE cabinet
The government work 'will be led by major transformative projects and not just long-term strategic plans, says Sheikh Mohammed.UAE to punish extortion demands on web with prison sentence of up to two years
Anyone guilty of making a threat to another person on the web will get a prison sentence of up to two years in the UAE, besideS having to pay a hefty penalty too.What are the top ecommerce platforms in the GCC?
Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably because of it.
UAE reviews food systems transformation at UN
The world must act, and act now, if we are to reach zero hunger by 2030, the UAE’s Minister of State for Food Security Mariam Hareb Almheiri has said at a UN summit. "The magnitude of the task that faces the global community in meeting SDG 2 — Zero Hunger...
UAE, US strengthening business cooperation
Both countries signed an MoU to strengthen cooperation in areas of digital economy, innovation, and entrepreneurship.
DIC board discusses plans to boost foreign trade
Member companies of Dubai International Chamber will work towards achieving the target of boosting Dubai’s foreign trade to $544bln within the next five years.
Oman-UAE tourism sector partners hold workshop
The workshop was reportedly aimed at highlighting Oman’s participation in Expo 2020 Dubai through the encapsulation of the country’s civilization throughout history. It also saw Oman highlighting the steps it had taken to boost tourism.BitOasis to be registered in GoAML
BitOasis offers over 15 digital assets to trade against the dirham.
UAE, Egypt explore prospects of greater space cooperation
The two sides also discussed facilitating new growth partnerships between the public and private sector.
UAE Central Bank to do away with Covid stimulus measures
The Central Bank of the United Arab Emirates has decided to gradually do away with all the stimulus measures introduced in the wake of the outbreak of the Covid infection in the country.EDB, Emirates NBD sign MoU to guarantee credit for SMEs
The program will focus on sectors such as manufacturing, healthcare, infrastructure, food security, and technology.
UAE, China discuss strategic ties, common concerns
The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.UAE, India talk on Economic Partnership Agreement
It is the second deal that Dr. Al Zeyoudi is pursuing this month, following negotiations with Indonesia, as the UAE accelerates its global trade agenda. India is now the UAE’s second-largest trading partner
GCC: Public-private partnership to boost healthcare
From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percentDubai approves $17.7 billion over 20 years for citizens’ housing
The outlay is for the next 20 years, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said.
UAE relaxes mask mandate, but with riders
UAE residents may not wear a face mask in certain places while keeping a safe physical distance of two meters.Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.
Mrs Bectors subsidiary comes up in UAE
The new company, Mrs Bectors Food International, was incorporated on September 14.What to Expect at Expo 2020 Dubai?
Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.
Investment in agritech key to UAE’s food security
Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries for food security soon
Expo 2020 launches official song ‘This Is Our Time’
The song, called This Is Our Time, is four minutes and 18 seconds long, is available on several platforms for streaming, and is said to convey the story of Expo 2020’s theme of Connecting Minds, Creating the Future.
Amazon to hire 1,500 people in UAE as it expands business
Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope with the potential hike in demand as it seeks to expand its presence in the country.UAE has advantage in leading global hydrogen market: Report
DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in the world, a report said. The report, ‘The United Arab Emirates’ Role in the Global Hydrogen Economy’, details the importance of hydrogen as a potential fuel of the future and...
UAE outperforms ten global tourism destinations in H1
The emirates achieves hotel occupancy rate of 62 percent, ahead of the US, UK and Turkey
Most of $3.8bn remittances to the Philippines in July came from Middle East
Filipinos living overseas have sent back some $3.8 billion in July with most of the remittances coming from the Middle East.
Gargash Group buys out Deem Finance for unknown sum
Gargash Goup, the UAE-based conglomerate, has bought out Deem Finance, the financial services provider, for an undisclosed sum. The conglomerate has businesses in automotive, real estate and non-banking financial services sectors.
AD Ports to set up state-of-the-art cruise terminal in Jordan
AD Ports Group will set up a state-of-the-art cruise terminal at Marsa Zayed in Aqaba, Jordan, after the signing of a Heads of Terms agreement with the Aqaba Development Corporation.Money laundering rose during Covid-19 pandemic, says UAE Central Bank
The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of money through unlicensed money service providers during the Covid pandemic.Assets of UAE banks rise despite pandemic
The UAE banking sector has posted a moderate yearly growth of 0.6 percent with total assets reaching US$873.6 billion, or AED3.2 trn, by the end of second quarter of 2021.
UAE reelected as vice president of Belt and Road Tax Forum
The United Arab Emirates (UAE) has been elected as vice president of the Belt and Road Initiative Tax Administration Cooperation Forum (BRITACOF) for the second time in a row.
