ABU DHABI: The United Arab Emirates has emerged as the top Arab destination for automotive investments in 2024, according to the Arab Investment and Export Credit Guarantee Corporation (Dhaman). Dhaman’s fourth sectoral report highlighted the UAE’s leading role, supported by investments in auto sales and related activities. The report noted that Saudi Arabia, Morocco, Algeria, […]
DUBAI: The much-anticipated Creators HQ UAE was unveiled at Emirates Towers as part of the 1 Billion Followers Summit 2025, marking a significant leap for the global content creation industry. This pioneering hub aims to attract 10,000 influencers to the UAE, empowering creators and fostering sustainable growth in the booming creator economy. The initiative builds […]
NEW DELHI: In a landmark decision, India now permits 100% foreign investment in the food and beverage sector, allowing full foreign ownership and management of enterprises, announced Minister of Commerce and Industry, Piyush Goyal. “The government will ensure speedy and hassle-free work permits for those setting up or working in foreign-owned food and beverage businesses […]
GENEVA: The World Economic Forum (WEF) has reported future job trends that 22% of current jobs will experience disruption by 2030, with significant shifts in the global workforce. According to the Future of Jobs Report 2025, trends released Tuesday, 170 million new jobs are expected to emerge, while 92 million roles will be displaced, resulting […]
ABU DHABI: The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office has launched a new whitepaper on remote work systems UAE, focusing on the best practices and future policies the government has adopted to enhance flexible work models. The paper, created with PricewaterhouseCoopers (PwC), explores how the UAE government used its experience during […]
WASHINGTON, D.C.: On January 7, Emirati businessman Hussain Sajwani, founder of DAMAC Properties, announced a $20 billion investment in the United States. The funds will be used to build state-of-the-art data centres focused on artificial intelligence (AI) and cloud storage across the country. President-elect Donald Trump introduced Sajwani at a press conference, describing the investment […]
DUBAI: DP World has achieved an extraordinary feat, surpassing 100 million TEUs of container handling capacity since its inception. This milestone highlights over $11 billion in investments over the last decade, cementing its role as a leader in global trade and supply chain solutions. In the past 10 years, DP World’s capacity grew 33%, rising […]
Vembu pinned the crisis on demographic crises and said, “What happened? Serious demographic decline. Today, China is already the technology leader in many fields and is well on its way to technology leadership in many other fields.” India’s fertility rate, that is, the number of babies carried by a woman in her lifetime, currently stands […]
DUBAI: A dynamic new hub for young Emirati entrepreneurs, the ‘Emirati District’, has officially opened at Dubai International Airport (DXB). This vibrant space, strategically located between Concourses B and C in Terminal 3, is expected to attract six to seven million travellers annually, providing unmatched visibility for budding Emirati businesses. An initiative of the Federal […]
ABU DHABI: Abu Dhabi has launched its first freshwater pearl oyster aquaculture project, marking a significant step towards sustainable aquaculture in the region. The initiative is part of the Abu Dhabi Sustainable Aquaculture Policy and is spearheaded by the Environment Agency – Abu Dhabi (EAD). An extension of the Abu Dhabi Pearls Centre, established in […]
UAE: The UAE’s first government-owned EV charging network, UAEV, will introduce new tariffs starting January 2025, following the Ministry of Energy and Infrastructure’s guidelines. Since May, UAEV has provided free charging services. From January, tariffs will be set at 1.2 DHS/kWh + VAT for DC chargers and 0.70 DHS/kWh + VAT for AC chargers, ensuring […]
