News DP World ILT20 franchises have retained top cricket stars for Season 3. The six teams of the DP World International League T20 have retained a total of 69 players for the tournament's third season, scheduled to be held from 11th January to 9th February 2025 in Abu Dhabi, Dubai, and Sharjah. The player retention window opened on 1st June, and
News Dubai Chamber of Commerce has established the Mexican Business Council to enhance trade and investment between the two countries. The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has recently established the Mexican Business Council. This move aims to enhance bilateral trade and investment opportunities and strengthen ties between the business communities of Dubai and Mexico. The launch of the Mexican
News Mohammed bin Rashid has issued a Decree regarding the Board of Emirates International Accreditation Centre. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has issued Decree No. (40) of 2024 to establish the Board of Directors for the Emirates International Accreditation Centre (EIAC). The Board is chaired by the Director-General of Dubai Municipality, and Dr. Hilal Humaid
News The RAK Ruler has issued a resolution to restructure the Board of Directors of the Emirates Cultural and Sports Club. H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, has issued a resolution to restructure the Board of Directors of the Emirates Cultural and Sports Club. According to the resolution, the Board will be chaired by Mahmoud Hassan Mohammed Al Shamsi, with
News Armenia's Foreign Ministry has recognized Palestine's statehood. Armenia has officially recognized Palestine as a state, according to a statement from the Armenian Foreign Ministry. With this recognition, the number of UN member states that acknowledge the statehood of Palestine has increased to 148 out of 193. The ministry's statement, reported by Reuters, also noted that
News UAE is taking part in the BRICS Chief Justices Forum in Russia. The United Arab Emirates took part in the BRICS Chief Justices Forum, which was chaired by the Russian Federation. Delegations from several member states also participated. The UAE delegation was led by Mohammed Hamad Al Badi, President of the Federal Supreme Court, and accompanied by Judge Shihab Abdul Rahman Al-Hammadi,
News DEWA has commissioned a water reservoir in Enkhali. Dubai Electricity and Water Authority (DEWA) has commissioned a new water reservoir in Enkhali and connected it to Dubai’s water network. The reservoir, which has a storage capacity of 120 million imperial gallons (MIG), cost AED 1.8 million. Saeed Mohammed Al Tayer, MD and CEO of DEWA, mentioned
News Five people have died and dozens have been injured in wildfires in Southeastern Turkey. Five people died, and dozens were injured in wildfires that broke out in several villages in Southeastern Turkey yesterday evening, as reported by Turkey's Health Minister on Friday. "Five people died and 44 were injured, with 10 in serious condition, when the blaze swept through two areas
News UAE took part in the 21st International Anti-Corruption Conference in Lithuania. The UAE delegation, led by Humaid Obaid Abushibs, President of the UAE Accountability Authority (UAEAA), attended the 21st International Anti-Corruption Conference in Vilnius, Lithuania from June 18th to 21st. The conference focused on the theme "Confronting Global Threats: Standing Up for Integrity.” The UAEAA's participation demonstrates the
News Next Monday, People of Determination will join a global orchestra in Abu Dhabi. Next Monday, a special orchestral concert will take place at the Abu Dhabi Cultural Foundation. It is a joint effort between the Zayed Higher Organisation and the Emirates Musicians Association. The concert will feature the participation of five talented People of Determination in playing instruments and singing, among more than
News In Q1 2024, gross written premiums rose by 18.5% year-on-year to AED21.1 billion, according to the CBUAE report. The Central Bank of the UAE (CBUAE) has announced that the UAE insurance sector continued to grow in Q1 2024, as reflected by the increase in gross written premiums. In its Quarterly Economic Review for June 2024, CBUAE stated that the number of licensed insurance companies in the UAE remained
News TRENDS and CICG are hosting a panel discussion at the Beijing International Book Fair. TRENDS Research and Advisory, in collaboration with the China International Communications Group (CICG), organized a panel discussion titled "China and the GCC States: Strengthening Cooperation and Partnership" at the Beijing International Book Fair 2024 in Beijing. The event was attended by Hussein Ibrahim Al-Hammadi, Ambassador of the UAE
News Emirates saved 48,000 tonnes of fuel and cut emissions by 151,000 tonnes through operating initiatives. Emirates began implementing "Green Operating Procedures" (Green Ops) in 2016. This approach aims to reduce on-ground and in-flight fuel use, provide pilots with the necessary education, awareness, data analytics and technology to manage flights as efficiently as possible. In a recent report titled ‘How Emirates pilots reduce fuel
News In 2025, the CBUAE expects the real GDP growth of the UAE to reach 6.2%. It is expected that the United Arab Emirates' strong foreign trade performance will continue in 2024 and 2025, helping sustain the projected growth for the UAE’s real GDP in 2024 at 3.9 percent, with expectations for it to further accelerate to 6.2 percent in 2025, according
News DP World has finished the $400 million Callao Port expansion project. DP World has completed a significant $400 million expansion project at the Port of Callao in Peru. This has increased the container handling capacity at the South Terminal by 80 percent, cementing Callao's position as the main gateway for global trade on the west coast of South America.
News UAE ranked second globally for new FDI projects with 1,323 in 2023. The UAE ranked second after the United States in greenfield FDI project announcements in 2023 with 1,323 projects, showing a 33 percent increase compared to 2022, according to the World Investment Report 2024 published today by the UN Trade and Development (UNCTAD). In 2023, the UAE attracted FDI inflows
News The UAE is now the third largest contributor to Bahrain's FDI stocks. The United Arab Emirates (UAE) accounted for 10 percent of Bahrain's foreign direct investment (FDI) stocks, ranking third in contributions, according to the latest data. The Bahrain Economic Development Board (Bahrain EDB) reported that Bahrain received a record $6.8 billion in FDI inflows in 2023, as indicated
News The UAE has transferred the chairmanship of COPUOS to Egypt. The UAE delegation, led by Dr. Ahmad Belhoul Al Falasi, the Minister of Education and Chairman of the Board of Directors of the UAE Space Agency, took part in the 67th session of the United Nations Committee on the Peaceful Uses of Outer Space (COPUOS) in Vienna, Austria, from 19th
News Dubai Business Women Council has published a report on the influence of AI in the legal sector. The Dubai Business Women Council (DBWC) has recently published a detailed report on the opportunities and challenges in Dubai's legal services sector, particularly focusing on the integration of artificial intelligence (AI) to improve professional practices. The report summarizes the discussions held during the fourth Industry Insights Roundtable, which
News Cyber Europe is testing EU cyber readiness in the energy sector. The 7th edition of Cyber Europe, one of the largest cybersecurity exercises in Europe, was organized by the European Union Agency for Cybersecurity (ENISA) to test the resilience of the EU energy sector. Cybersecurity has become a growing threat to the EU's critical infrastructure sectors due to the
News The aviation sector is crucial for UAE's growth and prosperity, according to Al Zeyoudi. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, visited Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala). Sanad, located at Zayed International Airport, is the region's largest independent maintenance, repair,
News Masdar has signed a €3.2 billion deal to acquire Greece's 'TERNA ENERGY'. Abu Dhabi Future Energy Company (Masdar) has announced that it has reached an agreement with GEK TERNA SA and other shareholders of TERNA ENERGY SA to acquire 67% of the company's outstanding shares initially, with the intention of acquiring all remaining shares afterward. The total equity of TERNA
News Dubai Police seizes 4,474 scooters and bicycles in the first half of 2024. Major General Abdullah Ali Al Ghaithi, Assistant Commandant for Operations Affairs at Dubai Police, emphasized the force's commitment to raising traffic awareness and promoting a culture of safety among road users to prevent traffic accidents and related fatalities and ensure the highest levels of safety for all. Al
News Mohammed bin Rashid has issued a decree regarding the Board of Dubai Women Establishment. In his role as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued Decree No. (39) of 2024 to establish the Board of Directors of the Dubai Women Establishment (DWE). The Board is led by Mona Ghanem Al Marri, Managing
News The UAEREP has finalized its 6th Cycle Solicitation Document. The UAE Research Programme for Rain Enhancement Science (UAEREP) recently organized a gathering of leading scientists, experts, and stakeholders to discuss key research areas and create plans for its 6th Cycle. This cycle will award grants to up to three winning research proposals, with each recipient receiving US$1.5