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DEWA MD and CEO, Microsoft CEO discuss cooperation (22 June 2018)
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, DEWA, has met with Satya Nadella, CEO of Microsoft, in Washington, and discussed ways to enhance joint cooperation.

DFSA signs MoU with Astana Financial Services Authority (22 June 2018)
The Dubai Financial Services Authority, DFSA, entered into a Memorandum of Understanding, MoU, with the Astana Financial Services Authority, AFSA.

UAE And Russia Sign Agreement To Send First Emirati Astronaut To Space (21 June 2018)
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum said that sending the first Emirati astronaut to space will herald the beginning of a new era for the UAE and represents another step towards achieving the country’s vision.

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The UAE Ranks 17th Globally In Digital Competitiveness

The second edition of the IMD World Digital Competitiveness Ranking 2018 saw a slight improvement in the global ranking of the UAE, allowing it to reach 17th place, and lead its Arab neighbours in the report.


New UAE T20 League Promises to Be a Unique Development Platform

A new elite international T20 cricket league, organised in partnership with the Emirates Cricket Board (ECB) and sanctioned by the International Cricket Council (ICC), is set to take place in the UAE this December 2018 - January 2019. "Our whole focus of what we are trying to do here is to attract talent from all around the world to take part in this competition to help develop young cricketers from Associate Member nations who may have not had the opportunity to play at the highest level in the past," said David East, CEO of the ECB.


Dubai Ports announced strategic partner for UN World Data Forum 2018

The Federal Competitiveness and Statistics Authority, FCSA, has signed an agreement with DP World in Dubai to build a strategic relationship and support the UN World Data Forum 2018. Hosted by the UAE in October 2018, the second edition of the forum will see the participation of more than 1,500 leaders, decision-makers, experts and specialists in the field of data and statistics from around the world.


UAE largest source of FDI in Arab region

The UAE has ranked 30th in the world in terms of a nation's ability to attract foreign direct investment in 2017, up five places from 2016. According to the UN Conference on Trade and Development, UNCTAD, 'World Investment Report 2018', FDI to the UAE rose by eight percent to US$10.4 billion in part due to rising cross-border mergers and acquisitions sales, making the country the largest source of FDI in 2017 for the Arab region (at 36 percent of total FDI inflow).


Dubai features prominently on global competitiveness map

Dubai is ranked first in the Arab world for government budget as a percentage of GDP and third globally in public finance, according to the Competitiveness Report 2018. Abdulrahman Saleh Al Saleh, Director General of the Government of Dubai's Department Of Finance, has attributed the economic heights the emirate has been hitting over the recent years to the resilient and ambitious economic policy adopted by the government. "Since the global financial crisis, the Emirate of Dubai has been adopting a liberal economic policy and a clear, streamlined approach to government work, supplemented by policies and plans that support business competitiveness in a way that has reflected positively on the emirate's economic performance and retrieved investor confidence."


New residency regulation will result in UAE hospitality investor boom

Leading hospitality industry experts predict that United Arab Emirates’ hospitality sector will get a significant boost in the coming months from the recent announcement of a 10-year residency for investors and specialists. Ammar Kanaan, GM of Central Hotels, described the announcement as a “very big step in the right direction.” “It will attract more investors to invest in the UAE especially people who wish to invest in the hospitality business in terms of owning restaurants or hotels. It will also attract more people to visit and stay here – in particular professionals and students who can pursue their education without bothering about the visa status. We hope to see a broader spectrum of professionals included in the new scheme in future. It will be wonderful if hospitality professionals who have been staying for a long time in the country will be eligible for 10-year residency visas or given more time in between job transitions than the current 30 days,” he said.


UAE to take part in Water for Sustainable Development Conference

The UAE will take part in a high-level event on the occasion of the launch of the International Decade for Action "Water for Sustainable Development" 2018-2028. At the initiative of the Government of the Republic of Tajikistan and in cooperation with the United Nations, UN, and other partners the high-level conference on the International Decade for Action "Water for Sustainable Development," 2018-2028 will be held in Dushanbe on 20th-22nd June, 2018, aimed at implementing water-related goals and targets.


AED 1.8 billion invested in humanitarian aid, alleviating poverty, sickness, building hope, tolerance and happiness in 68 countries

The Mohammed Bin Rashid Al Maktoum Global initiatives (MBRGI) invested AED1.8 billion in humanitarian aid, alleviating poverty and sickness and building hope, tolerance and happiness in 68 countries in 2017. The revelation comes in the annual report of MBRGI launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, on the results of the 2017 initiatives. The announcement was made at an iftar held at the Dubai Opera, attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the Board of Trustees of MBRGI and staff representing the 33 entities and initiatives under MBRGI.


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3:23:54 AM , 23 Jun 2018

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