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September 18, 2021

WETEX and Dubai Solar Show has achievements and success that point towards a green future

The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show, organised by Dubai Electricity and Water Authority (DEWA) is the largest exhibition of its kind in the region and one of the most prominent international exhibitions in water, energy, electricity, environment, oil, gas, renewable energy, and environmental sustainability. WETEX and Dubai Solar Show is held under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy. Over the past years, the exhibition has played a [...]

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September 17, 2021

UAE to Invest £10 Billion In Priority UK Industries

Agreement between Abu Dhabi’s Mubadala Investment Company and UK’s Office for Investment sees UAE commit £10 billion as part of sovereign investment partnership

Follows agreement on “Partnership for the future” framework between UK Prime Minister Boris Johnson and HH Sheikh Mohamed bin Zayed al Nahyan

The UK Office for Investment (OfI) and Abu Dhabi’s Mubadala Investment Company, signed an agreement at Downing Street to significantly expand the UAE-UK Sovereign Investment Partnership (UAE-UK SIP), a framework for investment announced in March 2021.

Over the next five years, the UAE-UK SIP will drive a significant increase in investment across a [...]

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September 16, 2021

Dubai adopts action plan outlining its digital economy ambitions

The Dubai Digital Economy Retreat concluded today with the adoption of a new action plan designed to develop Dubai’s digital economy strategy. Discussions at the event generated several practical recommendations to address existing challenges in the market.  

The two-day retreat, organised by the Dubai Chamber of Digital Economy, supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to position Dubai as a global digital economy capital.

The event was attended by HE Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work [...]

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September 14, 2021

Emirates Mars Mission Launches Planet X challenge in partnership with Dubai Airshow 2021

Emirates Mars Mission, in partnership with the Dubai Airshow 2021, has launched Planet X – a new nationwide competition designed to inspire a new generation of talent to build careers in the fast-growing global space and aviation industries.

The multidisciplinary contest will create and exciting opportunities for the country’s youth who are interested in science, technology, engineering and mathematics through a two-month contest to build, code and design robots for deep space exploration.

Emirates Mars Mission’s Planet X challenge kicks off with a prequalification round in September, followed by a week of training in October. The main challenge takes place [...]

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September 14, 2021

Emirates launches first airline virtual reality app in Oculus store, the world’s most popular VR platform

Experience Emirates’ fully-enclosed Gamechanger First Class Suites, explore the airline’s signature A380 Onboard Lounge, or check out the cabin around your own seat in row 77 from the comfort of your home, with the airline’s award-winning and industry-leading virtual reality (VR) experiences.Available on emirates.com to anyone with an internet connection, via the Emirates app, and now on the Oculus Store for Oculus Rift users, Emirates has taken the next step in its ambition to reach and engage audiences around the world with cutting-edge VR technology. Learn more about the Emirates VR experience on Oculus Rift hereBoutros Boutros, Emirates’ Divisional Senior [...]

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September 14, 2021

Emirates NBD Group, Expo 2020 Dubai and Mastercard introduce exclusive card programmes to power Expo experience

As a Premier Partner and the Official Banking Partner of Expo 2020 Dubai, Emirates NBD Group, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has joined hands with Mastercard, the Official Payment Technology Partner of Expo 2020 Dubai, to create two exclusive new card programmes: Emirates NBD Expo Mastercard Prepaid Card and the Emirates Islamic Expo Mastercard Credit Card. The limited-edition cards are designed to enhance the Expo 2020 Dubai experience for both residents and visitors from across the globe, while also elevating their time spent in the UAE with memorable and Priceless possibilities to discover year-round. Both cards are underpinned [...]

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September 10, 2021

Mastercard acquires CipherTrace to enhance crypto capabilities

Security and fraud detection provide additional transparency and support for digital assets ecosystem latest investment helps company accelerate and expand crypto-related strategy

Mastercard will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies.

As digital assets, including cryptocurrencies and non-fungible tokens (NFTs), become more intertwined with everyday activities — from the way people pay and get paid to how they invest — trust and security will be critical enablers to ensure broad adoption and scale. These [...]

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September 10, 2021

Mohammed bin Rashid meets Dubai Government teams combating COVID-19 and reviews their preparations ahead of Expo 2020 Dubai

Mohammed bin Rashid meets Dubai Government teams combating COVID-19 and reviews their preparations ahead of Expo 2020 Dubai– His Highness expressed his confidence in the arrangements made to host a safe global event

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said the UAE’s remarkable response to the COVID-19 pandemic was made possible by the concerted efforts of various teams at the local and federal level who worked according to an integrated plan to safeguard the health and wellbeing of the community and ensure the highest levels of protection against the outbreak.

His Highness’s [...]

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September 9, 2021

Dubai’s food and beverage trade with Africa reaches $13.9 billion over 2015-2020 period

Dubai’s food and beverage trade, excluding tobacco, reached $13.9 billion during the 2015-2020 period, while the sector has been identified as a key factor expected to drive bilateral trade in the short-term, new Dubai Chamber analysis has revealed.

In 2020, the value of food and beverage trade (excluding tobacco) between Dubai and Africa amounted to $2.4 billion in food and beverage trade, marking a growth rate of 18 percent compared to the previous year and the highest level since 2017.

Dubai’s food and beverage trade with Africa accounted for around 13% of the emirate’s total trade volume with the continent, over the same period, excluding trade in gold, [...]

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September 9, 2021

Emirates strengthens commitment to South Africa with further expansion of operations

Emirates has announced that it will be expanding its operations in and out of South Africa, boosting its schedule to 28 weekly flights by October. This is the airline’s largest weekly schedule to South Africa since the start of the pandemic, which aims to bring more competitive choices for customers wishing to visit Dubai, and through Dubai to the airline’s network of over 120 global destinations. The ramp up of operations will see double daily flights to Johannesburg, including the introduction of Emirates’ iconic A380 on one of the daily flights, in addition to daily services to both Cape Town and Durban. The new frequencies and capacity increases across all of [...]

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September 8, 2021

El Salvador Embraces Digital Currency Era

El Salvador officially adopted Bitcoin as legal tender, becoming the first country to embrace Bitcoin as another circulating fiat currency alongside the US dollar.

El Salvador historically passed the “Bitcoin law” in June as the first nation worldwide. However, global financial institutions, such as IMF and the World Bank, were concerned if its implementation and even worried that its adoption may trigger further uncertain monetary or regulatory risks.

The dollarized economy in El Salvador is heavily reliant on remittances sent home by migrants overseas, which totalled $6 billion last year and accounted for roughly a fifth of gross domestic product, according to [...]

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September 8, 2021

RTA announces taking over of Dubai Metro and Tram’s operation and maintenance by Keolis-MHI LLC

Dubai’s Roads and Transport Authority (RTA) announced that Keolis MHI Rail Management and Operation LLC had taken over the responsibility of operating and maintaining Dubai Metro as well as the operation of Dubai Tram from Serco Middle East. The handing/taking over coincided with the 12th anniversary of Dubai Metro, which started operation on 09/09/2009. Since then, the metro services recorded highly successful global indicators in terms of safety and operational efficiency as reflected in trips punctuality of 99.7% and ridership of more than 1.706 billion passengers until the end of last August.

The handing/taking over of operations ceremony, which was held at Al [...]

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September 7, 2021

DIFC continues strong growth in first half of 2021, achieving its ‘2024 Strategy’ targets three years ahead of schedule

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has delivered strong growth in the first half of 2021, with 492 new company registrations, an impressive 59% increase from the same period in 2020.

The performance, which has enabled DIFC to achieve its ‘2024 Strategy’ growth targets three years ahead of schedule, reaffirms its global status as a financial and innovation centre of choice.

The total number of active registered companies has reached 3,292, an increase of 27% year-on-year (H1 2020: 2,584). This growth represents a tripling in size since 2014 when the ‘2024 [...]

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