Category: Business

Abu Dhabi has initiated a program with the aim of establishing the emirate as a significant center for the development of high-tech vehicles, in order to further diversify the economy and create numerous job opportunities. The Smart and Autonomous Vehicles Industry (Savi) cluster, which is centered around the clean energy hub Masdar City, will develop...

In the presence of H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, the Smart and Autonomous Vehicle Industries (SAVI) cluster was launched at Masdar City, which was endorsed by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

This initiative represents a significant milestone for both EGA and the manufacturing sector in the UAE, as it aims to promote the adoption of sustainable practices, technologies, and materials among suppliers in line with EGA's sustainability objectives.

On Monday, two significant exhibitions pertaining to the construction and industrial sectors were inaugurated at the Expo Centre Sharjah. The international Edilsocial Expo 2023 for Building, Construction, Architecture, and Design, and the Gulf Coatings Show 2023 will remain open until October 11. The launch of these exhibitions was presided over by Sheikh Majid bin Sultan Al Qasimi, Head of the Sharjah Department of Suburbs Affairs.

Dubai Municipality has launched the world's first system for Certification and conformity marks in the field of 3D printing in the construction industry, which will serve as a proactive measure to streamline procedures and improve the quality of concrete mixes used in factories licensed and operating in Dubai.

President Sheikh Mohamed received US Senator from Iowa Joni Ernst on Friday at Al Shati Palace, where they engaged in discussions regarding the promotion of development and stability in the Middle East.

The UAE and India will cooperate more closely in sustainable industrial development following a Memorandum of Understanding (MoU) signed on Thursday at Emirates Palace.

Businesses in Dubai have already experienced significant flexibility in terms of licensing and operational reach. The potential for companies to select their free zone base would further enhance this flexibility. A consultant noted that such a decision would provide businesses with extensive operational flexibility, rather than solely focusing on tax considerations. Currently, licensed businesses are required to operate within free zones that are operationally aligned with their activities. Any change to this requirement would be advantageous for businesses.

According to sources familiar with the matter, Abu Dhabi wealth fund ADQ and Turkey are engaged in discussions regarding the construction of a railway over Istanbul's Bosphorus strait. This railway is intended to form part of a planned trade corridor linking Europe to the Middle East and Asia.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has issued a decree to appoint the board of directors for the Investment Corporation of Dubai (ICD). According to a statement released by the Dubai Media Office on Tuesday, the ICD's board will be chaired by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, under Decree No. (40) of 2023. Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai, will serve as the vice chairman of the board.