The committee aims to “supervise and guide the development of the digital ecosystem” for the UAE government |
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| The new structure will feature four new agencies as part of the restructuring, which was approved by Dubai crown prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum |
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| Banks operating in the UAE must increase the debt burden ratio (DBR) from 50 percent to 60 percent |
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| The group opened a 12,000-square-foot store at Dubai’s Ibn Battuta Mall last week, which signals its expansion strategy across the two markets |
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| The two-day event, slated to be held on September 28-29, is to host over 300 international and regional stakeholders from key sectors, including governments, tourism agencies and and investment institutions |
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| The world economy is likely to grow slower at 3.2 percent this year, and the IMF urges policymakers to prioritise addressing inflation |
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Diesel and petrol prices in the UAE have fallen in August - in first downward movement since March this year |
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| Dubai served over 4 million seats in July 2022 for domestic and international travel, surpassing London’s Heathrow Airport |
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| As part of its efforts to support UAE’s non-oil trade and export, Etihad Credit Insurance issued secured guarantees covering AED6.7 billion in international trade, AED7.6 billion in domestic trade |
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| Oil activities grew 23.1 percent in the same period, according to data from the General Authority for Statistics |
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The rising popularity of faster order fulfillment models in the region is influencing trip volumes and adding to CO2 emissions |
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| Now widespread in industry, artificial intelligence remains in its infancy. As it evolves, it will extend human ability and help us reduce biases |
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| Businesses must now shift their focus away from the overhaul of digital transformation to instead implementing and improving the right technologies to keep pace with quickly changing demands |
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