Gulfood 2023: Investment in UAE F&B sector a top priority to achieve food security The five-day premier event, starting today at the Dubai World Trade Centre, will debate vibrant trade, manufacturing and investment environment as well as highlight challenges to the industry.
India-UAE Business Council launched to boost bilateral trade and investment Marking the first anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA), the two sides have launched the UAE chapter of their joint business chamber to bolster economic ties and facilitate enhancing bilateral trade and investment. India and the United Arab Emirates (UAE) inked a CEPA on February 18 last year to boost trade ties following a virtual summit between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.
Abu Dhabi, the capital of the United Arab Emirates, is making a bold move to cement its place as a global hub for cryptocurrency and blockchain technology. The city’s technology sector has introduced a new initiative to finance Web3 startups, blockchain technologies, and metaverse applications, with a commitment of over $2 billion in capital.
Dubai has been ranked as the second most crypto-ready city in the world, with major cryptocurrency firms already calling the emirate home. The ranking was based on several factors, including the number of cryptocurrency ATMs, the number of merchants that accept cryptocurrency, and the level of public awareness and adoption of digital currencies.
Pectiv, a startup based in the Arab world, is breaking barriers and challenging gender stereotypes by shining a light on women’s hygiene. With its innovative range of feminine hygiene products and a unique subscription service, Pectiv has emerged as a visionary player in the field, and the Arab world’s leadership has ensured a strong customer-driven demand for its offerings.
Dubai, the commercial hub of the United Arab Emirates (UAE), has set its sights on turning 30 startups into unicorns, according to Hadi Badri, CEO of the Economic Development Department at the Department of Economy and Tourism, Dubai. This move is part of the city’s plan to cement its position as a regional leader in innovation and entrepreneurship.
The United Arab Emirates (UAE) and India have taken a significant step towards strengthening their partnership in emergency medical and chopper services. A Memorandum of Understanding (MoU) has been signed between the Abu Dhabi-based Rapid Precision Medicine (RPM) and the Indian aerospace and defense company Hindustan Aeronautics Limited (HAL), facilitating cooperation in the fields of medical evacuation, search and rescue, and disaster management.
RAK Bank, one of the leading banks in the UAE, has reported a decade-high profit surge of 53.4%. The bank has attributed the significant growth to the strong performance of both sides of the balance sheet. The bank’s net profit for 2021 amounted to AED 1.31 billion ($356.4 million) compared to AED 853.4 million ($232.4 million) in 2020.
Religious leaders from around the world have praised the UAE’s Abrahamic Family House as a model of coexistence and a step towards a more peaceful world. The facility, which features a mosque, church, and synagogue, will open its doors on March 1 for visitors.
Al-Futtaim Toyota & Lexus UAE has recently announced the appointment of Jacques Brent as the new Chief Executive Officer, taking over the reins from the previous CEO Saud Abbasi. Brent brings with him a wealth of experience and expertise in the automotive industry, having previously held senior positions at Toyota South Africa, Toyota Europe, and Toyota Canada.
