Economics

Empowering a digital UAE

Masood M. Sharif Mahmood on building a future-proof Infrastructure for AI, IoT, and 5G

Dubai’s Empower signs agreement with Mitsubishi Heavy Industries to supply 100,000 RT chillers

The contract includes 18 energy-efficient water-cooled chillers with a total capacity of 56,250 RT, set for delivery in 2025

QatarEnergy signs 20-year naphtha deal with Shell to deliver 18 million tons starting April 2025

QatarEnergy and Shell have a strong alliance with multiple joint investments in the energy sector, both in Qatar and globally

Italy’s Raccortubi S.p.A invests $6.8 million in Sharjah’s Hamriyah Free Zone

This investment highlights Hamriyah Free Zone's effort to attract diverse foreign investments 

UAE committed to enhancing global trade system through strategic agreements, investments in key sectors: WTO

WTO’s Johanna Hill noted that "the UAE is playing an incredible role in world trade” 

Saudi Arabia’s NEOM to build $186.4 million concrete factory for The Line

This advanced concrete facility will use carbon capture and energy-efficient solutions to support THE LINE's construction 

Sheikh Hamdan bin Mohammed concludes official visit to Kuwait

The discussions highlighted the significant advancements in cooperation, bolstered by the leadership of both nations

UAE, South Korea enhance collaboration in public oversight and integrity

In May 2024, the UAE and South Korea announced a CEPA to promote free trade and bilateral investment in key sectors 

Dubai’s Financial Audit Authority to reveal 3 new digital services at GITEX 2024

One key service is the Al Mo’ashir Dashboard, a platform that provides insights from the Authority’s auditing data 

ADNEC Group’s Tourism 365 launches first charter flight from Uzbekistan to Al Ain

This initiative is part of Tourism 365's partnership with EasyBooking to boost tourism and enhance connectivity 

Cointelegraph establishes Middle East office among 600+ Web3 firms at DMCC Crypto Centre

This collaboration is expected to provide Cointelegraph with valuable opportunities to engage with the broader Web3 ecosystem