UAE inaugurates first wind power plants ahead of COP28
The UAE has inaugurated its first wind programme, as the country is stepping up its fight against climate change ahead of the COP28 climate summit later this year. The UAE wind programme builds on the country’s efforts to develop alternative energy sources, which began with the establishment of the region’s first wind power station on […]
ADNOC Distribution to use biofuel to power its UAE vehicle fleet
ADNOC Distribution said its UAE heavy vehicle fleet will be powered by biofuel, a move that is set to reduce carbon dioxide emissions from the fleet by 15 per cent. The fleet of the UAE’s largest operator of fuel stations and convenience stores plays a crucial role in supplying fuels and liquefied petroleum gas (LPG) […]
Dubai: DMCC launches loyalty programme for member companies
DMCC has announced the launch of ‘DMCC Business Rewards’, a new loyalty programme that offers a range of discounts and benefits to its base of more than 23,000 member companies. New and existing DMCC member companies will be able to earn Business Rewards points on company set-up packages, services, business licensing, referrals, visa renewals, and others. […]
Dubai launches family business management programme
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE has unveiled the Dubai Family Business Management Programme, according to the Government of Dubai Media Office. The programme, which is a project of the Dubai Centre for Family Businesses, seeks to empower and […]
Automechanika Dubai 2023: Biggest-ever edition begins at DWTC
More than 1,800 exhibitors from over 60 countries are converging at Dubai World Trade Centre (DWTC) for Automechanika Dubai 2023. This is the show’s largest edition in its two-decade run. The event, which began today (October 2) will run until October 4. It is witnessing a year-on-year growth in exhibitor participation to the tune of […]
DEWA commissions second unit of 4th phase of Dubai solar park
Dubai Electricity and Water Authority (DEWA) has commissioned the 200 megawatt (MW) second unit of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, with an estimated cost of up to Dhs15.8bn, according to the Government of Dubai Media Office. The fourth phase of the solar park uses the Independent Power Producer model. Iset […]
Abu Dhabi’s non-oil economy grew 12.3% in Q2 2023
Abu Dhabi’s non-oil economy grew by a record 12.3 per cent in the second quarter of 2023, according to the Statistics Centre – Abu Dhabi (SCAD), as the city’s efforts to become a hub for hedge funds and other financial firms start to pay off. The preliminary datafrom SCAD shows that the emirate’s gross domestic product (GDP) reached […]
UAE unemployment insurance scheme October 1 deadline: Less than 24 hours remain to register
The UAE Ministry of Human Resources and Emiratisation (MoHRE)’s deadline to sign up for the Involuntary Loss of Employment (ILOE) scheme has less than 24 hours remaining for those employees who have not yet subscribed to it. A fine of Dhs400 will apply on eligible employees who don’t sign up for the mandatory unemployment insurance […]
The UAE as the new alternative investment hub
In a globalised financial environment, managing risk has become a paramount focus for Alternative Investment Fund Managers (AIFMs). Regulatory landscapes significantly impact risk management, with rules varying across jurisdictions. While Europe has long been recognised as a hub for AIFs, with Luxembourg as one of the top respected investment destinations, the UAE has emerged as […]
UAE President Mohamed bin Zayed meets Dutch PM Mark Rutte
The UAE’s President Sheikh Mohamed bin Zayed Al Nahyan met with the Prime Minister of Netherlands Mark Rutte in Abu Dhabi, reported state news agency WAM. The two leaders met at Qasr Al Shati in Abu Dhabi, where the UAE President welcomed Rutte and expressed his hope the visit would contribute to advancing UAE-Netherlands relations in […]