UAE and Korea discuss cooperation in food security, health, technology

UAE and Korea discuss cooperation in food security, health, technology

Their discussion took place during the virtual ‘UAE-Korea Investment Business Forum’ organised by the Ministry of Economy

Covid-19 cases in UAE July 21

UAE reports 1,388 new Covid cases, 1,282 recoveries

The Covid-19 nationwide case count has risen to 978,966

Etihad Airways joins UAE’s In-Country Value (ICV) Programme

Etihad Airways joins In-Country Value Programme, aims to support local industries

The ICV programme is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services

- MBRSC will share vital information from Dubai Municipality’s DMSat-1 satellite to contribute to global efforts to monitor the impact of climate change - Salem AlMarri: “This is a significant step, undertaken in partnership with Dubai Municipality, to fulfill our mission to initiate collaborations with global organisations to use DMSat-1 data - Dawoud Al Hajri: DMSat-1 has introduced significant innovations in environmental monitoring in the Arab world, and is now making vital strategic contributions on a global scale The Mohammed Bin Rashid Space Centre (MBRSC) has officially joined the Space Climate Observatory (SCO) International, a global consortium of space agencies and organisations led by The National Center for Space Studies (CNES) that seeks to coordinate worldwide efforts to accurately monitor the impact of climate change. The initiative to join the charter forms part of the cooperation between the UAE and France on future space endeavours. In joining the SCO International, MBRSC has committed to sharing with the international space community information from the DMSat-1 satellite, Dubai Municipality’s first atmospheric monitoring satellite launched in 2021. Using data from the satellite, Dubai Municipality has been actively promoting measures to protect the environment, thereby significantly raising Dubai’s profile as a global model for sustainable development. As part of fulfilling the obligations of MBRSC’s membership in the SCO, Dubai Municipality has already started generating significant data and findings from DMSat-1. Since its launch, DMSat-1 has played a key role in monitoring the UAE’s atmospheric aerosols and greenhouse gases and chemicals, substances that have influenced climate change across the world. Salem AlMarri, Director General of the MBRSC has signed the SCO’s charter, paving the way for the UAE’s official membership in the international network. “This is a significant step, undertaken in partnership with Dubai Municipality, towards fulfilling our mission to initiate collaborations with international organisations to use the data we collect from DMSat-1. Our efforts will contribute to global efforts to monitor the impact of climate change, a critical issue that is vital to the sustainability of the planet and the survival of mankind,” he said. AlMarri noted that the scale and magnitude of the impact of climate change necessitates a collaborative effort from all stakeholders, such as the SCO International’s important work in gathering data from satellites to help formulate action plans that will ensure the preservation of the planet for present and future generations. “It is an honour to be a part of a global initiative and to join hands with Dubai Municipality to put the UAE at the forefront of such efforts,” he added. The development of DMSat-1 forms part of the UAE’s commitment to the terms of the Paris Climate Agreement, which calls for providing data on greenhouse gas emissions from signatory countries, as well as building national capacities in studying and analysing global warming. The satellite’s launch and operations are part of the Dubai Clean Energy Strategy 2050 and UAE Energy Strategy 2050. The data collected by the satellite will also contribute significantly to the implementation of the national system for managing greenhouse gas emissions within the framework of the UAE National Plan for Climate Change 2017-2050. His Excellency Dawoud Al Hajri, Director General of Dubai Municipality, said: “We are pleased to start cooperating with international organisations to share the data we collect from DMSat-1. The satellite has deployed advanced monitoring techniques and mechanisms in the field of air quality assurance and the reduction of air environment pollutants, in line with global developments in the field of space data and remote sensing. The nanometric satellite, which has introduced significant innovations in environmental monitoring in the Arab world, is now making vital strategic contributions on a global scale. We are pleased to share with the world the monitoring information obtained from the environmental satellite and other data for research. We are committed to harnessing this information for everyone’s benefit as part of our goal of enhancing Dubai’s contributions to international organisations and other countries.” Currently, all European space agencies support the SCO International, which has national chapters in Russia, China, Japan, India, Morocco and the UAE. Members have committed to making satellite data in their possession accessible to the entire organisation, as well as the international community, to help in the assessment and monitoring of the global impact of climate change. In addition to providing transparent and verified satellite data on climate change, the SCO will also aid in the development of useful toolkits and services that will advance computing capacities for analysing specialised data on climate change.

Mohammed Bin Rashid Space Centre joins Space Climate Observatory International

MBRSC will share vital information from Dubai Municipality’s DMSat-1 satellite to monitor the impact of climate change

Covid-19 cases July 25

UAE reports 1,398 new Covid cases, 1,095 recoveries

The Covid-19 nationwide case count has risen to 977,578

UAE President concludes two-day state visit to France

UAE President concludes France visit, issues joint commitment for collaboration

The two nations agreed to collaborate across various fields, including peace and stability, food and energy, economy and investment, climate change, healthcare, education, culture and space

Saudi Investment

Venture capital investments in Saudi Arabia record SAR2.19bn

According to the ‘H1 2022 Saudi Arabia Venture Capital Report,’ this figure surpassed the total amount deployed in 2021

Oil August 1

Saudi crude exports set to rise in July on stronger China flows

Shipments for June were the lowest since September

Golden Visa holders in Dubai will be gifted Esaad privilege card

Golden Visa holders can now avail discounts through Esaad card

The card will provide discounts across several sectors, including healthcare, education, hospitality, entertainment, real estate and restaurants

Wizz Financial gets nod on acquisition of uae-exchange-UK

Wizz Financial gets nod from UK’s FCA to acquire UAE Exchange UK

Wizz Financial will rebrand UAE Exchange UK, as it focuses on aligning all its offerings across the US, UK, UAE and India

DIFC-Courts H1 2022 performanc

Speedy execution of new strategy raises appeal of DIFC Courts jurisdiction in H1 2022

The volume of cases across all divisions at DIFC Courts recorded a 10 per cent increase in the first half of 2022, compared with the first six months of 2021

UAE President in France, sings deals, agreements, MoU's

UAE President in France: Bilateral agreements and MoUs signed

The UAE President was welcomed at a formal reception ceremony in Paris, marking the start of his inaugural state visit to France

Dubai chamber H1 Performance

Dubai Chamber of Commerce sees record membership growth in H1 2022

An 80 per cent year-over-year surge in new members was recorded between January and June 2022

DEWA’s IPP projects enhance promising investments flow to UAE, Dubai

DEWA launches 11 substations worth Dhs1.715bn, IPP projects attract $10.9bn

The total value of DEWA’s investments between 2021 and 2024 is Dhs10bn

covid cases July 18

UAE reports 1,386 new Covid cases, 1,382 recoveries

The Covid-19 nationwide case count has risen to 974,802

UAE satellites

UAE earmarks $820m to build satellites, fund space plan

The move will make it the first Arab country to develop a constellation of synthetic aperture radar satellites

UAE President begins official visit to France

UAE President begins official visit to France

The visit is an opportunity to reinforce and expand the longstanding strategic partnership between UAE and France

ADCB BANK

ADCB joins ‘Buna’ system to enhance regional cross-border payments

The Buna platform offers stringent levels of governance and transparency through increased oversight from central banks as well as effective reporting and compliance mechanisms

Mastercard partners with Michelin Guide Dubai

Mastercard partners with Michelin Guide Dubai as an official sponsor

List of restaurants in the first-ever Michelin Guide Dubai 2022 was released on June 21, 2022

Covid cases July 15

UAE reports 1,489 Covid-19 cases, 1,499 recoveries

The Covid-19 nationwide case count has risen to 970,586

Majid Al Futtaim opens its first official CB2 Store in Dubai

Majid Al Futtaim opens its first official CB2 store in Dubai

The new store houses multiple categories including indoor and outdoor furniture, kitchenware, bedding, lighting, rugs, accessories and more

gender gap 2022

UAE ranked first among Arab countries in Gender Gap Report

As per the report, UAE was ranked 68th globally in the report, moving up four positions from last year

Saudi Arabia airspace

Saudi Arabia opens airspace to all carriers

The move by Saudi Arabia marks a win for Joe Biden as he uses his visit to the region this week to advance US strategic interests

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

ADFD, ADEX sign two loan agreements worth Dhs337.9m in Bahrain

The agreements were signed with the Electricity and Water Authority in Bahrain

UAE to invest $2bn in India’s ‘food parks’

UAE announces investment of $2bn to set up food parks in India

Israel and US will bring state-of-the-art technologies and expertise to the food parks in India

Marhaba partners with Dubai’s Al Jalila Children’s Specialty Hospital

Marhaba partners with Dubai’s Al Jalila Children’s Specialty Hospital

The partnership will offer an exclusive range of travel products, with all profits going to the hospital

National Digital Talent Program Launch Emirates NBD

Emirates NBD launches ‘National Digital Talent Program’ to support Emirati youth and UAE’s AI strategy

Emirates NBD, through its new talent programme aims to nurture and develop young Emiratis, making them future-ready to support the digital economy

UAE President Sheikh Mohamed bin Zayed addresses nation

UAE President Sheikh Mohamed bin Zayed addresses the nation, outlines the country’s future ambitions

The president said the private sector plays a key role in the UAE’s economy and that the nation needs to boost its economic competitiveness and top global indicators

UAE reports 1,522 Covid-19 cases, 1,475 recoveries

The Covid-19 nationwide case count has risen to 967,597

Female

Pandemic sparks surge of female entrepreneurship in the UAE – report

New data from LinkedIn and World Economic Forum shows that gender bias and economic impact of the pandemic led to a rise in ‘necessity entrepreneurs’