World Government Summit 2023 photo twitter WGS 2023

World Government Summit 2023 kicks off in Dubai

This year’s edition is being graced by more than 250 ministers, with over 80 international, regional and governmental organisations adding value to sessions and forums

Central bank of UAE launches FIT Programme

Central Bank of UAE launches Financial Infrastructure Transformation Programme

The first stage of the programme will see the launch of the Card Domestic Scheme, an instant payments platform, and the issuance of Central Bank Digital Currency

Dubai Chambers inaugurates new office in Hong Kong

The office will promote trade from Hong Kong to Dubai and attract more businesses to the emirate

Emirates sets up humanitarian airbridge to transport aid to Syria, Türkiye

Dubai’s Emirates sets up humanitarian airbridge to transport aid to Syria, Türkiye

The emergency aid on Istanbul-bound flights will be delivered to earthquake-stricken sites in southern Türkiye and Syria

UAE weather update: Strong winds expected, temperatures may dip to 14°C

UAE weather update: Strong winds expected, temperatures may dip to 14°C

The country’s lowest temperature – 3.9°C – was recorded at 12.15am at Jais Mountain

UAE's Hope Probe to move to new orbit to study Mars' smaller moon, Deimos

UAE’s Hope Probe to move to new orbit to study Mars’ smaller moon, Deimos

Deimos is the smaller and outermost of Mars’ two natural satellites

Air Arabia Abu Dhabi to launch direct route to Kolkata

Air Arabia Abu Dhabi to launch direct route to Kolkata

The new service to Kolkata will mark the carrier’s seventh destination in India

UAE and Qatar link traffic systems

UAE and Qatar link traffic systems

The announcement was made at a meeting held in Abu Dhabi between delegates of the two countries

KPMG launces CoE for metaverse at LEAP 2023

KPMG launches Centre of Excellence for metaverse and digital twins at LEAP23

KPMG has allocated a dedicated co-investment fund for metaverse use-cases in Saudi Arabia to work together with public and private partners on expediting the technology for practical use

Arada opens first Manbat store

Sharjah’s Arada opens first permanent Manbat Shop at Aljada, aims to boost UAE’s agri sector

Located in the first residential phase of Aljada, the shop enables Manbat’s purpose to provide a link between local farmers and consumers in the UAE

UAE private sector companies must increase Emirati staff by 1% every six months

The new mechanism does not amend the annual targets, which require companies with 50 employees or more to achieve a 2 per cent increase in Emiratisation by end of the year

DEWA

Dubai’s DEWA reports 22% rise in consolidated net profit for 2022

DEWA’s annual consolidated revenue increased 15 per cent to Dhs27.35bn in 2022

MohRE's tawasul carries out over 20 million customer transactions

UAE’s MoHRE handles over 30 million customer interactions in 2022

MoHRE’s Tawasul system is the main access point for customers to inquire and file complaints related to labour market laws and regulations

Emirates Islamic issues dirham denominated sukuk

UAE’s Emirates Islamic issues dirham-denominated sukuk valued at Dhs1bn

The three-year issue witnessed robust demand and was oversubscribed by 2.5 times

Gulf

Gulf Islamic Investments announces an office opening in Bahrain

Gulf Ventures Capital is a part of GII’s strategy to expand its footprint in the MENA region and globally

McLaren Formula 1

UAE’s DP World becomes an official partner of McLaren Formula 1 team

The partnership will support the F1 team to drive enhanced efficiency, reimagining the team’s supply chain to make it faster and more sustainable

Nana

Alwaleed’s Kingdom Holding leads $133m funding for Saudi delivery app Nana

Started in 2016, Nana raised $18m from investors including venture capital fund STV and Middle East Venture Partners

COP28

COP28 chief’s Sultan Al Jaber begins global tour

Nations should aim to raise spending on technologies including carbon capture, nuclear power and hydrogen, according to Al Jaber

Dubai's VARA introduces regulations for 2023_Dubai-Media-Office-twitter

Dubai’s Virtual Asset Regulatory Authority issues regulations for 2023

As the authority providing VA oversight across Dubai with the exception of DIFC, VARA facilitates VA-associated economic stability, investor protection, and jurisdictional resilience

UAE President sends aid worth $100m to Syria, Türkiye

As many as 5,894 people have succumbed to the devastating earthquakes in Türkiye

UAE: Sheikh Mohammed announces cabinet reshuffle

UAE: Sheikh Mohammed announces cabinet reshuffle

The country’s Prime Minister and Ruler of Dubai, announced a string of ministerial appointments

Aramco’s venture capital arm expands investment fund to $500m

Aramco’s venture capital arm expands investment fund to $500m

Aramco has allocated $300m in additional funds to Wa’ed Ventures

Burjeel Holding enters Saudi market via agreement to establish 60 clinics

Burjeel Holding enters Saudi market via agreement to establish 60 clinics

The ADX-listed healthcare services provider signed a MoU with Leejam Sports Company to create a joint venture

Oil

Oil extends gain as Saudi Arabia bets on demand rebound in Asia

Saudi Aramco increased most of its prices for crude that will be shipped to its main market of Asia in March

UAE’s non-oil foreign trade grows 17% in 2022

UAE’s non-oil foreign trade grows 17% in 2022

This is the first time that the country’s non-oil foreign trade has surpassed the Dhs2tn mark

UAE establishes field hospital, sends search and rescue team to Türkiye, Syria

UAE establishes field hospital, sends search and rescue teams to Türkiye, Syria

Death toll from earthquakes that jolted southern Türkiye crossed 2,900

Taxis in Dubai to become 100% eco-friendly by 2027

Taxis in Dubai to become 100% eco-friendly by 2027

A total of 11,371 taxis were operating in the emirate by end of 2022

Aldar Manarat Living

Aldar unveils Manarat Living on Saadiyat Island in Abu Dhabi

Apartments are available for purchase from February 9

DP world open new trade routes in 2022

Dubai’s DP World reports 1.4% rise in gross container volumes in 2022

Jebel Ali handled 14 million TEU (twenty-foot equivalent units) in 2022, up 1.7 per cent year-on-year

UAE's GMG acquires Aswaaq to expand retail footprint

UAE’s GMG acquires Aswaaq to expand retail footprint

The acquisition adds a total of 11 community malls and 22 supermarkets to GMG’s retail network