UAE: The UAE’s first government-owned EV charging network, UAEV, will introduce new tariffs starting January 2025, following the Ministry of Energy and Infrastructure’s guidelines. Since May, UAEV has provided free charging services. From January, tariffs will be set at 1.2 DHS/kWh + VAT for DC chargers and 0.70 DHS/kWh + VAT for AC chargers, ensuring […]
DUBAI: DP World has issued a groundbreaking $100 million Blue Bond to support sustainable projects aimed at protecting oceans, marine life, and water resources. This marks the first corporate Blue Bond from the Middle East and North Africa (MENA) region, reinforcing DP World’s role as a leader in sustainable logistics and environmental stewardship. The Blue […]
TOKYO: Talks of a potential merger between Honda and Nissan have sparked industry speculation as the two Japanese automakers explore ways to compete with electric vehicle (EV) giants, especially in China. According to reports, the discussions are still in the early stages, with no guarantee of a deal. The two firms issued a joint statement […]
SHARJAH: The Sharjah Chamber of Commerce and Industry (SCCI), in partnership with the National CSR Fund (MAJRA), hosted a workshop aimed at promoting Corporate Social Responsibility (CSR) within the private sector. The event, themed “Impact Labs,” focused on encouraging businesses to embrace CSR initiatives that align with the UAE’s sustainable development goals. Held at the […]
ABU DHABI: The UAE’s payments sector is on track for major expansion, with revenues projected to hit $27.3 billion by 2028, according to Boston Consulting Group’s (BCG) Global Payments Report 2024. This marks a 45% rise from $18.8 billion in 2023, fuelled by the country’s digital transformation and strategic investments in financial technology. BCG’s report, […]
• UAE demonstrates robust performance with 4.1% FMCG value growth and 2.8% T&D growth, while KSA shows measured FMCG growth at 1.8% with T&D experiencing a slight decline of 1.1% • Traditional Trade significantly outperforms Modern Trade across both markets, with UAE Traditional Trade surging at 6.4% and KSA achieving 2.4% growth, signaling a shift in consumer […]
Dubai: The 21st edition of Automechanika Dubai, the largest automotive aftermarket trade exhibition in the Middle East, was officially inaugurated by H.E. Mattar Al Tayer, Commissioner General for Infrastructure and Director General of Dubai’s Roads and Transport Authority. The event runs from 10–12 December at Dubai World Trade Centre (DWTC). This year’s showcase, the largest […]
Abu Dhabi: 100Unicorns, India’s largest early-stage accelerator venture capital (VC) fund, has announced Abu Dhabi, as its first foreign market expansion with the opening of its office in ADGM, the international financial centre of Abu Dhabi. Formerly known as 9Unicorns, 100Unicorns was launched in 2020 with the vision to nurture and create 50+ category leaders […]
H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy UAE, to address IBBC Autumn Conference ‘Growing Opportunities’ Dubai: The Iraq Britain Business Council (IBBC) is organizing the IBBC Autumn Conference ‘Growing Opportunities’, on December 13, 2024, at Taj Hotel Dubai. H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy UAE, will grace the […]
ABU DHABI: Two Emirati experts are driving the UAE’s food and agriculture sector forward, supporting the national Plant the Emirates initiative. This effort, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, reflects the late Sheikh Zayed’s vision of sustainable land development and food security. Ahlam Al Marzooqi, Director of Conformity at the Ministry […]
Under the patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Abu Dhabi Finance Week (ADFW) will hold its third edition from December 9 to 12, 2024. With ADQ as the headline partner, the event is expected to welcome over 20,000 financial leaders, experts, and executives, representing more than $42.5 trillion in assets […]
