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Dubai
Economy
Dubai Business Forum–China to promote investments, bilateral relations
Forum to support both China's 'Made in China 2025' roadmap and the Dubai Economic Agenda
Technology
Dubai Airports leverages AI to streamline inventory management, enhance airport operations
The MRP tool boosted forecast accuracy 30 percent, enabling precise inventory planning and cutting excess stock 12 percent
Logistics
UAE’s Etihad Cargo deepens collaboration with China’s SF Airlines, adds Abu Dhabi-Shenzhen freighter service
The two companies also agreed to increase the frequency of flights between their major hubs - Abu Dhabi and Ezhou
Banking & Finance
UAE’s MoF issues Public-Private Partnership Manual, defines priority sectors for first phase
The manual aims to leverage private sector expertise to benefit the government
Economy
Unleashing the power of tourism: The engine of UAE’s thriving economy
International tourist arrivals expected to increase by 17.3 million between 2024 and 2029
Banking & Finance
CBUAE issues Sandbox Conditions Regulation to boost innovation in financial services sector
The regulation will also help consolidate the financial sector's competitiveness and support the UAE's economic growth
Energy
UAE among top 10 countries with highest installed solar energy per capita: Report
With a cumulative capacity of 708 watt/capita, the UAE ranked 10th globally and first MEA country on the list
Miscellaneous
Dubai secures 12th spot in global wealth and lifestyle report, solidifying position as premier luxury destination
The emirate emerged as the 6th most expensive city in EMEA, attracting wealthy residents with its flourishing economy
Logistics
Etihad Airways operates first flight to Saudi Arabia’s Al Qassim
The new route to Al Qassim becomes Etihad's fourth destination in Saudi Arabia, with four non-stop flights per week
Economy
UAE Central Bank revises inflation forecast downwards to 2.3 percent in 2024
Dubai's headline consumer price index inflation averaged 3.4 percent annually in Q1 of 2024
Technology
Sheikh Hamdan approves latest phase of Dubai Future Solutions program
The initiative aims to nurture talent and create a global innovation hub
Banking & Finance
CBUAE’s gross written premiums up 18.5 percent YoY in Q1 2024 to $5.74 billion
Gross paid claims of all types of insurance plans increased by 18.3 percent YoY to AED8.4 billion in Q1 2024
Sustainability
Emirates’ green aviation initiative slashes fuel burn by 48,000 tons, cuts carbon emissions by 151,000 tons
The airline has equipped its pilots with the latest tools and applications to monitor and optimize their flight performance
Markets
UAE’s DP World completes $400 million investment to expand Peru’s port capacity
This expansion has increased the port's handling capacity from 1.5 million TEUs per year to 2.7 million TEUs
Bahrain
Bahrain attracts record FDI inflows of $6.8 billion in 2023, with UAE as third biggest contributor
Bahrain's FDI stocks relative to GDP stood at 99.7 percent as of the end of 2023
Op-eds
Dubai’s real estate: A magnet for global wealth
Near constant investments in infrastructure and connectivity have provided a robust foundation for economic growth and high living standards
Technology
Dubai Future Foundation, Meta launch incubator program powered by LLAMA 3
Business incubator program seeks to inspire development of impactful AI use cases that leverage Meta’s open-source AI stack
Logistics
Sheikh Mohammed: Dubai is the airport of the world, the meeting place of humanity
H.H. emphasized that the emirate has evolved into a pivotal link between the continents and civilizations of the world
Markets
IPO boom underscores Dubai’s status as thriving hub for capital markets: DIFC Authority CEO
DIFC drives innovation and growth in the financial sector through its initiatives and regulatory framework
Miscellaneous
Fazaa Card benefits and how to apply in the UAE
The Fazaa Card UAE is a multifunctional smart card issued by the government of the UAE
Telecom
Dubai’s du partners with Oracle Alloy to offer hyperscale cloud and sovereign AI services in the UAE
Through Oracle Alloy, du will offer over 100 OCI services, plus its own cloud services and apps
Economy
UAE’s real GDP to grow by 3.9 percent in 2024, 4.1 percent in 2025: Report
The broader MENA region is expected to grow 2.8 percent in 2024 and accelerate to 4.2 percent in 2025
Technology
AI Retreat 2024: Sheikh Hamdan plans to double AI’s positive impact to drive economic growth, improve quality of life in Dubai
H.H. said the retreat will serve as an annual platform to examine the transformative impact of AI across all sectors
Real Estate
UAE Cabinet approves $457.9 million housing aid package for Eid
The Cabinet also approved the launch of the "Manzili" bundle, which offers 18 housing services through 24 government entities
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