The UAE is poised to become one of the Gulf’s top economic performers by 2026, with a projected GDP growth of 4.3%, according to the latest insights from the Mastercard Economics Institute (MEI). The report presents an optimistic view for…
During the first nine months of 2025, GCC nations represented almost half of all exports and re-exports by Dubai Chamber of Commerce members, new data reveals. With goods valued at Dh125.3 billion directed toward the Gulf, the latest figures from…
AI has rapidly become a significant tech trend, moving into boardrooms faster than cloud or virtualization ever did. Unlike before, it’s the boards, not IT teams, pushing for swift AI adoption, often outpacing existing systems and strategies. This urgency has…
Vershinin told reporters, “As you know, the summit has been postponed in coordination with the Arab League. Naturally, it will be held. This requires careful and comprehensive preparatory work.” Vershinin explained that Russia is working with Iraq, which currently holds…
On Wednesday, the UAE Central Bank reduced its key interest rate. In an official announcement, the bank decreased the base rate for the Overnight Deposit Facility (ODF) by 25 basis points, adjusting it from 3.90% to 3.65%. This decision aligns…
In a significant move that underscores the UAE’s dominance in digital payment innovation, e& UAE has inked a strategic Memorandum of Understanding (MoU) with Al Maryah Community Bank (Mbank) to facilitate AE Coin transactions across selected e& channels and digital…
As electronic invoicing lays the groundwork for comprehensive digital tax compliance, businesses are facing increasing complexity in managing filings, reconciliation, audits, and international regulations. At the Tax Technology Summit 2025, hosted on December 6 in Dubai, Debasish Guha Roy and…
A Western newspaper reported on Wednesday evening that a Beechcraft 55 aircraft collided with a car while attempting an emergency landing on a highway in Florida due to engine failure. The collision caused the car to be crushed against the…
Positioning Oman as a key player in the region’s polymer industry, OQ, the global investment group of Oman, has signed 11 new investment agreements under the Ladayn Polymer Park initiative. With over OMR 27 million in investments, the total now…
The Kiel Institute for Research revealed that the amount of military aid from European countries to Ukraine has significantly decreased in recent months. It amounted to 4.24 billion euros in September and October, compared to 3.27 billion euros during the…
