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Home 2024 January

Month: January 2024

Post
As Red Sea issue flares, UAE, Saudi businesses look to suppliers outside of Europe – and keep costs down
January 15, 2024September 19, 2024by In World

As Red Sea issue flares, UAE, Saudi businesses look to suppliers outside of Europe – and keep costs down

Dubai: Businesses in the UAE are looking to source from alternate markets where possible to counter the rising costs associated with shipments from Europe and the longer time needed to come via the Cape of Good Hope.

After the latest incidents in the Red Sea from last week, with the US and the UK launching strike action against Houthi targets, shipping costs from Europe to UAE ports have increased by more than $1,000 a TEU (20-foot container). It has also meant cost increases in other sectors too, with shipments to Jeddah from Dubai, for instance, seeing a sharp increase in recent days.

Post
UAE participates in World Economic Forum Annual Meeting 2024
January 14, 2024September 19, 2024by In UAE

UAE participates in World Economic Forum Annual Meeting 2024

The UAE announced its participation in the 54th edition of the World Economic Forum (WEF) 2024, which will be held in Davos-Klosters, Switzerland between 15th and 19th January.

This year’s participation of the UAE is characterised by the involvement of more than 100 personalities, including heads of national companies and corporate leaders, leading private sector firms, government officials, and senior business leaders, whereas 80 percent of the participation from the country is from major national companies and the private sector.

Post
Sharjah Ruler establishes Sharjah Digital Department
January 11, 2024September 19, 2024by In UAE

Sharjah Ruler establishes Sharjah Digital Department

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued an Emiri Decree establishing “Sharjah Digital Department”.

The Decree stipulated that a government department would be established in the Emirate of Sharjah called the “Sharjah Digital Department,” which would have the legal personality and capacity to carry out its duties.