The Ministry of Human Resources and Emiratisation (MoHRE) has notified over 12,000 private companies with 20-49 workers that Cabinet Resolution No. (33/5W) of 2023 regarding the expansion of Emiratisation targets will be in effect starting January 2024.
Month: November 2023
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Abu Dhabi Shows Off AI Firm ‘AI71’ to Spur Digital Economy
Abu Dhabi’s Advanced Technology Research Council (ATRC) has introduced an AI company known as AI71, a competitor to other big AI firms like OpenAI.
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CBUAE, Higher Shari’ah Authority issue guiding principles to foster sustainable Islamic finance
The Central Bank of the United Arab Emirates (CBUAE), and the Higher Shari’ah Authority, have issued guiding principles on sustainable Islamic finance.
These guidelines aim to incentivise and encourage Islamic financial institutions to bolster sustainability within their practices and processes, aligning with a vision that considers both environmental and social dimensions.
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14 leading financial institutions, representing over US$450bn, confirm setup in Abu Dhabi in one week
Abu Dhabi Global Market (ADGM), the leading international financial centre of the UAE’s Capital, today announced 14 major financial institutions representing a total (Assets Under Management) AUM of US$452bn have committed to establishing new operations in ADGM.
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Faith Pavilion at COP28 to launch tomorrow, fostering dialogue and action on climate change
The Faith Pavilion, a groundbreaking initiative at COP28, will commence its activities tomorrow, Friday, marking the first time in the history of the Conferences of the Parties that a dedicated space has been created for interfaith dialogue and action on climate change.
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UAE President meets with heads of delegations at COP28
President His Highness Sheikh Mohamed bin Zayed Al Nahyan today met individually with Santiago Peña, President of the Republic of Paraguay; Dr. Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia; and Deng Xijun, Special Envoy of the President of the People's Republic of China, on the sidelines of the UN Climate Change Conference (COP28), which commenced today at Expo City Dubai.
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Abu Dhabi Airport anticipates over 22 million travellers in 2023
Elena Sorlini, Managing Director and Interim Chief Executive Officer of Abu Dhabi Airports, anticipated that the airport will welcome over 22 million travellers by the end of 2023, emphasising that the inauguration of Terminal A solidifies the capital's status as a global gateway and a strategic hub for tourism and trade.
Speaking at the inaugural press round-table held at the new Terminal A building at Abu Dhabi International Airport, Sorlini based her end-of-year traveller projections on the solid performance indicators achieved by the airport in recent months.
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The Gulf is on the brink of another energy revolution
in a highly connected and globalised world, it is crucial for every nation to consider its geolocation, and how this presents opportunities and strengths that will help it thrive in the modern world. The GCC has fared extremely well in this regard, with all its member nations doing their best to develop cities that bridge gaps between the East and West, attracting foreign direct investment, business and leisure tourism, all while competing and collaborating with long-established global players.
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Sharjah CP graces Police Science Academy event
Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, presided over the graduation ceremony of the Police Science Academy in Sharjah.
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50% discount on traffic fines in Umm Al Qaiwain
In advance of the 52nd UAE Union Day celebrations, Umm Al Qaiwain authorities have introduced a 50% reduction on traffic fines incurred within the emirate. This initiative, implemented by the Umm Al Qaiwain Police General Command, extends the discount to all types of traffic violations committed in the emirate prior to November 1, 2023.