According to data from the Federal Competitiveness and Statistics Centre, the trade exchange between the UAE and France grew by 16.8% in 2022, reaching Dh29.44 billion, compared to Dh25.2 billion in 2021. The bilateral trade between the two countries consisted of imports valued at Dh25.2 billion, while exports and re-exports were valued at approximately Dh4.2 […]
Jebel Ali Free Zone (Jafza), considered the world’s leading free zone and an integrated business hub, has invited Indian companies to expand operations into the region. With the Comprehensive Economic Partnership Agreement between India and the UAE in place since May 2020, the landmark deal has reduced tariffs on about 80% of all goods and […]
Expo Centre Sharjah recently participated in the annual UFI MEA Regional Conference 2023 held in Doha from May 9-11. The conference provided a platform for discussions on collaborative efforts to promote the exhibition industry, exploring global best practices, and deliberating on projects and initiatives that can foster sustainable growth in the industry. HE Saif Mohammed […]
The UAE Telehealth Market is expanding at an impressive rate, with a projected Compound Annual Growth Rate (CAGR) of around 25% during the forecast period of 2023 to 2028. Telehealth refers to the remote delivery of health-related services and information made possible by digital communication technologies. The UAE has emerged as a significant healthcare hub […]
UAE-based healthcare provider, PureHealth, has acquired a minority equity stake worth AED1.8bn ($490m) in Ardent Health Services, the fourth-largest privately held healthcare system in the US. The transaction represents a major milestone for PureHealth, which is now the only UAE-based healthcare provider to acquire assets in US hospitals and clinics. The deal also marks PureHealth’s […]
The National Operations Centre based in Abu Dhabi has played a pivotal role in crisis management, particularly during the Covid-19 pandemic. As part of the National Emergency Crisis and Disaster Management Authority (NCEMA), the centre works with 60 different agencies across the UAE, monitoring the situation and implementing response plans to ensure the effective coordination […]
Emirates Group, the largest aviation player in the UAE, reported a record-high cash balance of USD 11.6 billion for the financial year ended 31 March 2023, up 65% from the previous year. The significant increase in cash balance was attributed to strong demand across its core business divisions and markets, particularly as almost all pandemic-related […]
Dr. Sultan Al Jaber, the UAE Minister of Industry and Advanced Technology and COP 28 President-Designate, has called on global leaders to collectively take action to transform, decarbonize and future-proof economies. Speaking at the UAE CLIMATE TECH conference in Abu Dhabi, Dr. Al Jaber urged policymakers, innovators, and industrial leaders to accelerate the development and […]
The United Arab Emirates (UAE) is known for its affluent lifestyle and luxurious amenities. With a thriving economy and high standard of living, it is no surprise that the country attracts a large number of expats looking to build their wealth. However, managing and preserving wealth can be challenging, and it requires careful planning and […]
Islamic finance has become a rapidly growing industry worldwide and the UAE is no exception. The UAE is recognized as one of the most developed and mature Islamic finance markets globally, with a well-established regulatory framework and a strong infrastructure to support the industry. Islamic finance is a financial system that is compliant with the […]
