The Ministry of Economy held a media briefing on Wednesday to introduce the Federal Decree-Law No. 14 of 2023 on Commerce through Modern Means of Technology (e-commerce) in line with the country's strategic direction for digital transformation.
Category: Economy
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UAE-Iraq trade registered over 60 per cent growth last year
The trade between the UAE and Iraq has witnessed substantial growth of over 60% last year, underscoring the enduring economic ties between the two nations, according to the Iraq Britain Business Council (IBBC) management.
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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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UAE and Philippines seek to strengthen economic relations amid Cepa discussions
Economic officials from the UAE and the Philippines have advanced discussions to strengthen relations as the two countries work towards forging a key trade deal.
The talks were held during the UAE-Philippines Business Forum held in Manila, where the two sides explored opportunities for investments and co-operation with the private sector.
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UAE can take a global lead in 3D construction – and techniques
The UAE is charting an extraordinary path in innovation and industry. The country is now embarking on a groundbreaking journey — one that will establish it as a global powerhouse in the production of 3D construction cartridges.
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UAE AI company Presight clears Dh1b in nine-month revenues; stock is up 80% year-to-date
Dubai: The UAE’s two listed tech companies, Bayanat and Presight, have turned in their nine-month 2023 financials, showing that the AI wave can be monetized to good effect. Both companies are part of the Abu Dhabi headquartered tech-focussed conglomerate G42.
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Dubai’s rising tide of multi-million dirham rentals
Rents in Dubai increased a staggering 27.2 per cent in Q3 of this year compared to 2022, with a year-on-year increase of more than 38 per cent for villa rents and more than 19 per cent for apartments.
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UAE: Petrol, diesel prices for November 2023 announced
Fuel prices in the country will fall in November
Gasoline and diesel prices in the country will decrease in November.
Abu Dhabi/Dubai: The UAE Fuel Price Committee on Tuesday announced the gasoline and diesel prices for the month of November 2023.
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Borouge reports 22% Q3 2023 net profit increase
Borouge Plc has reported a net profit of $282 million (AED1.04 billion) for the quarter ended 30th September, marking a 22% increase over the previous quarter.
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UAE economy expands by 3.7% in first half on ‘staggering’ non-oil growth
The UAE economy experienced a 3.7 percent annual expansion in the first half of the year, driven by strong growth in the non-oil sector. This growth aligns with the country's ongoing efforts to diversify its economy, according to Minister of Economy Abdulla bin Touq.