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News Updates
1 August, 2020
Which cities are best managing the post-COVID economy
Among major cities from around the world, Dubai ranks among the Top 5 cities when it comes to managing post-covid economy, as per FutureLearn. The index was developed by online learning platform FutureLearn, based on comprehensive data collected across…30 September, 2020
UAE, Saudi Improve Rank in Global Innovation Index
UAE and Saudi Arabia both improved their respective ranking spots by 2 places in the Global Innovation Index for 2020. The UAE’s accelerator program Ghadan 21, which supports over 50 initiatives in the innovation space, invested over $13.6Billion in these…29 December, 2020
UAE Tops Middle East Countries in per Capita Health Expenditure
The UAE comes 1st among Arab, Gulf and Eastern Mediterranean countries with respect to per capita health expenditure. Recently, the UAE’s 1st National Health Account (2017) results were released by the Ministry of Health & Prevention (MOHAP). The NHA was…1 November, 2020
UAE to Spend $73M for AI in 2020
The UAE may well end up spending nearly $73 Million in the year 2020 towards Artificial Intelligence. According to a recent report by Technology research firm IDC, the UAE is expected to spend $73 Million in 2020 towards Artificial Intelligence…31 March, 2021
UAE to Pilot Driverless Vehicles in Abu Dhabi
The UAE Government will pilot driverless vehicles in Abu Dhabi by end 2021, through providing free rides to the public and as a way of testing the technology. The driverless technology sector proved its attractiveness when in early 2020, Mubadala…29 December, 2020
UAE to Emerge As a Global Hub for Gold
The UAE bullion market may soon be governed by a special committee, appointed by the Council of Ministers, to establish UAE as a strong hub for Gold. UAE accounts for 11% of the total Global gold exports, according to Abdulla…31 March, 2021
UAE Targets Improved Efficiency in Energy Sectors
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure for UAE, has announced a large-scale plan to improve efficiency in key sectors across the country. UAE will aim to improve the efficiency in three of the highest energy consumption…28 February, 2021
UAE Stands at the Top in the Region in Biotechnology Sector
UAE has is at the top position in the Middle East and Africa region regarding the FDI in the biotechnology sector as mentioned in the FDI markets index. The index, issued by the Financial Times FDI intelligence magazine, focuses on…31 March, 2021
UAE Retail Sales Forecast to Reach $58 Billion in 2021
UAE retail sales is expected to increase by 13% and reach $58 Billion in 2021, according to Dubai Chamber of Commerce & Industry. The Dubai Chamber, supported by data from the independent research firm Euromonitor, has provided a prediction that…28 February, 2021
UAE Residents Commit to Sustainability – Opportunities Aplenty
Boston Consulting Group (BCG) in its recent report has found overwhelmingly positive response by UAE to sustainability, in comparison to other countries. The recent report by BCG, titled “Are consumers in the Gulf states ready to go green” provided extensive…31 March, 2021
UAE Ranks 3 among Most Trusted Governments
According to the 2021 Edelman Trust Barometer, the trust in UAE Government was ranked #3, placing it as one of the most trusted Governments in the world. The Edelman Trust Barometer is an annual index which ranks Governments on the…29 December, 2020
UAE Ranked As Stand-Out Digital Economy
The Digital Intelligence Index has categorized UAE among the “stand-out” global economies with respect to digital aspects that span all realms of the economy. The Fletcher School at Tufts University, in association with the Graduate School of Global Affairs at…31 March, 2021
