CBUAE renews currency swap deal with People’s Bank of China
The Central Bank of the UAE (CBUAE) and the People’s Bank of China have signed an agreement to renew the currency swap between the UAE and China. Furthermore, they inked a memorandum of understanding (MoU) to enhance technical and technological cooperation in the development of central bank digital currencies. The signings will enhance the strategic […]
World’s largest gathering of futurists to convene in Dubai on Nov 27
Dubai Future Forum commences on November 27 and will run for two days. Organised by Dubai Future Foundation (DFF), the forum is taking place at the Museum of the Future. The forum is showcasing four main themes: reimagining nature, empowering future generations, the human-machine relationship, and transformations in human life. More than 150 speakers from the […]
Abu Dhabi Airports anticipates over 22 million travellers in 2023
Abu Dhabi Airports anticipates that its traveller numbers could hit 22 million by the end of this year. Elena Sorlini, managing director and interim chief executive officer of Abu Dhabi Airports, revealed the projected traffic numbers during the the inaugural press round-table held at the new Terminal A building at Abu Dhabi International Airport. The […]
DIFC set to become region’s hedge funds hub
Dubai International Financial Centre (DIFC), a leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has confirmed that an unprecedented number of hedge funds continue to be set up in the centre, boosting Dubai’s reputation as the region’s top location for the industry. Just in the last three months alone, […]
ADNOC unveils high-speed green hydrogen refuelling pilot station
ADNOC has opened H2GO, the region’s first high-speed green hydrogen pilot refuelling station, to test a fleet of zero-emission hydrogen-powered vehicles. The station, located in Masdar City and operated by ADNOC Distribution, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity. Hydrogen is an energy carrier that creates no carbon […]
NYE 2023: Burj Khalifa fireworks, Dubai Fountain show, Emaar reveals plans
As the excitement builds for Dubai’s biggest New Year’s Eve celebration, Emaar Properties has revealed what went into the creation of its spectacular NYE 2023 show that will unfold in Downtown Dubai. The visual composition on the Burj Khalifa’s facade was designed by a crew of technicians throughout 671 working days. An increase from previous seasons, 325 […]
Emirates Airline Festival of Literature returns in Jan 2024
Book lovers across the UAE can look forward to the 16th edition of the Emirates Airline Festival of Literature, taking place from January 31 to February 6, 2024, at the Intercontinental, Dubai Festival City. Considered the Arab World’s largest celebration of the written and spoken word, the festival for over 15 years has hosted international and regional writers, […]
Abu Dhabi: Les Roches managed hospitality academy to open in 2024
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) is set to open a new hospitality education academy in the UAE’s capital in September 2024. The academy will be managed and guided under the stewardship of Les Roches to nurture homegrown talent in the UAE and in the region. Founded in 1954 in […]
Dubai Financial Market to launch pilot carbon credits programme at COP28
Dubai Financial Market (DFM) is set to introduce a pilot programme for trading carbon credits at COP28. The integrated platform will explore the trading and use of carbon credits, offering a “mechanism to help companies manage unavoidable and residual carbon emissions while pursuing direct decarbonisation strategies”, DFM said. Each carbon credit marks a tangible reduction […]
UN aviation meeting agrees to goal of 5% lower carbon emissions by 2030
A meeting of more than 100 countries on Friday agreed to an interim goal for emissions reductions from global aviation by 2030 by using less-polluting fuels, but China, Russia and some others aired concerns about the impact on their economies. The goal, which came after five days of UN-led talks in Dubai, called for 5 […]