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Showing posts from May, 2024

Key agreements between South Korea and UAE to boost economic and energy cooperation

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The leaders of South Korea and the UAE met to strengthen their partnership. They signed many new agreements to increase economic and energy cooperation. Both countries want to do more trade and investments worth billions of dollars. This will help their economies grow.  The two nations also want to work closer on energy security. Reliable sources of energy are important for development. They agreed to collaborate on oil, gas, renewable energy and nuclear power. This ensures stable supply of different fuels. South Korea and the UAE also aim to reduce carbon emissions through sustainable energy solutions. The UAE and South Korea will invest in clean power technologies like hydrogen and ammonia. These can replace fossil fuels and lower pollution. Their partnership will also support responsible use of nuclear energy. The leaders are committed to meeting future energy needs in environment-friendly ways.  The visit concluded with both sides wanting even stronger ties. They will continue impl

UAE tops GCC in remote work friendliness

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  The United Arab Emirates has been ranked as the most friendly country in the Gulf region for remote work. A new study showed that about 1 in 5 employees in GCC countries currently have flexible work arrangements where they can work from home some days. The UAE provides the most flexibility for remote working compared to other GCC states like Saudi Arabia, Qatar, Kuwait, Oman and Bahrain.  Many companies in the UAE are letting their staff work remotely 2-3 days per week. Startups and international companies tend to be more open to remote setups, while large local firms and government bodies usually require people to come to the office every day. Jobs in tech, marketing and advertising are most likely to be done remotely, while construction and manufacturing roles must be done on-site.  Working from home can increase productivity for some people depending on their home environment and job type. Having a quiet separate workspace at home and not living with noisy roommates helps keep dis

Investment in Made in the UAE Products

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  The government is putting more money towards efforts to increase manufacturing within the country. This week, they announced an additional 23 billion dirhams that will be provided to companies to make goods in the UAE. This aims to help strengthen the economy. Two major organizations, Adnoc and Pure Health, will contribute most of this funding. Adnoc works in oil and gas, while Pure Health offers healthcare services. Small businesses will also receive 1 billion dirhams in loans from banks to support them. The government also wants to provide lower electricity rates for factories in some areas. Producing more within the UAE brings advantages. It lessens reliance on obtaining important items from overseas. This helps if worldwide problems occur like the pandemic or financial crises. It also helps diversify the economy beyond just selling petroleum. The UAE further has good infrastructure, skilled workers, and business policies that enable industries. While manufacturing requires signif

UAE, Qatar discuss enhancing parliamentary cooperation

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  A meeting between two parliamentary leaders from the UAE and Qatar. Tariq Humaid Al Tayer, who is important in the UAE parliament, met with Hassan Al-Ghanim, who is important in Qatar's parliament. They met at another meeting with parliaments from Arab countries in Algeria. They discussed how to improve cooperation between the parliaments of the UAE and Qatar. They said the two countries have a good relationship and need to work together on parliamentary issues. This meeting is important because the UAE and Qatar fixed their relationship in recent years. They did not get along from 2017 to 2021 but now work together again. Improving how the parliaments cooperate shows they want cooperation at all levels of government. Sharing groups and agreeing on issues in the region will bring the parliaments closer. It shows both sides want to work together in new ways.   The meeting happened during the important Arab parliament meeting. This gave them a private place to discuss cooperation b

UAE ranks as second most hardworking country, residents enjoy ‘out of home’ entertainment:

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  The UAE has been ranked as the second most hardworking country in the world according to a new report. The report from Ipsos found that 82% of residents in the UAE feel they work hard, second only to India. The ranking highlights the strong work ethic that exists within the Emirati culture and among expat workers in the country.  Despite its hardworking nature, the UAE also enjoys a great work-life balance according to residents. The report showed that 86% of people in the UAE said they have enough time for activities outside of work, higher than the global average of 79%. This indicates that while UAE residents put in effort at their jobs, they are also able to maintain a healthy separation between their professional and personal lives. Out-of-home entertainment activities are especially popular according to the report. 95% of respondents said they occasionally or frequently participate in entertainment outside the home such as dining out, live music/performances, movies, sporting e

UAE to invest $10 billion to boost Pakistan’s economy

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  Prime Minister Shehbaz Sharif secured $10 billion worth of investment commitments during a visit to the United Arab Emirates. He met with UAE President Sheikh Mohamed bin Zayed Al Nahyan, who pledged $10 billion in investment across sectors in Pakistan. This came after Saudi Arabia committed $5 billion in investments last month. PM Shehbaz said he had "shunned the begging bowl" and would no longer go to countries asking for aid, instead focusing on securing investments. He highlighted steps taken by his government to improve stability and confidence for investors in Pakistan.  During his visit, PM Shehbaz also addressed a tech conference where he vowed to transform Pakistan's economy in collaboration with the UAE. This would include job opportunities for Pakistani workers in UAE through vocational training programs. He said countries don't prosper through aid alone and that risks must be taken to achieve progress. Three memorandums of understanding on digital transf

Microsoft's UAE deal could transfer key US chips, AI technology abroad

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 Microsoft's president Brad Smith said the company's deal with the UAE AI firm G42 may involve transferring important technology over multiple stages. This could eventually include sending over advanced computer chips and tools used for artificial intelligence.  A senior Republican leader expressed concerns about this agreement between Microsoft and the UAE company. There are worries that important American AI capabilities might end up in wrong hands which could affect the national security. Proper safeguards and oversight are required for such technology transfers. As AI and computer technology progresses very rapidly, governments face new challenges in regulating them. They need to balance innovation with security risks. The US government department responsible for trade is looking to update its rules for international transfers of AI systems and advanced computer components. More transparency is also needed regarding private agreements involving critical technologies.l The d

Nigeria Seeks UAE Investment to Modernize Aging Oil Pipelines

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  Nigeria wants help updating its old oil pipelines. Most were built over 50 years ago and need repairs. The country asked the United Arab Emirates for investment money to fix the pipelines.  Nigeria has a lot of oil and gas underground. It wants to use the resources to help its economy. But the old pipelines make transporting the oil difficult. With updated pipelines, more oil could be moved and Nigeria could make more money.   Both countries think working together could help both of their economies. The UAE likes Nigeria's oil and gas resources. Nigeria wants the UAE's money to fix its pipelines. They hope partnering will allow Nigeria to use its resources better while also benefiting the UAE. It's a way for the two countries to help each other.

Indonesia and UAE collaborating to build a mangrove research center in Bali:

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Indonesia and the United Arab Emirates (UAE) are working together to construct a new building where scientists can study mangrove trees. Mangroves are special plants that grow in coastal sea water. They are important for protecting land from storms and sea level rise. The countries will build the mangrove research center on the island of Bali in Indonesia.  The research center is part of a partnership between Indonesia and the UAE to find natural solutions to climate change. Both countries signed an agreement called the Mangrove Alliance at a United Nations meeting about global warming. The new building will be located in a large area of Bali that protects mangroves. Scientists there will study mangroves and how to take care of them better. Officials from Indonesia and the UAE had a ceremony to start building the mangrove research center. They said it is important because mangrove forests around the world are disappearing. Without mangroves, climate change issues like rising sea levels

These tech jobs are most in-demand in the UAE right now

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  Dubai is rapidly becoming a global hub for technological advancement, propelled by visionary projects such as the Dubai Creek Tower and Marsa Al Arab. These developments symbolize the city's commitment to innovation and its aspiration to lead the global shift towards a technologically driven future. The government's strategic initiatives and substantial investments in infrastructure have positioned Dubai as a pioneer in adopting cutting-edge technologies, making it an attractive destination for businesses and tech enthusiasts worldwide. The United Arab Emirates (UAE) job market demonstrated remarkable resilience and swift recovery from the impacts of the coronavirus pandemic. Government measures played a pivotal role in this recovery, offering incentives that encouraged companies to establish and expand their operations within the region. This proactive approach not only stabilized the job market but also fostered a conducive environment for growth and innovation. The positiv

UAE's collaboration with Greece aims at exchange of publishing experience

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  Argiris Kastaniotis from Kastaniotis Publishing delved into the pivotal role of the publishing industry in fostering cultural exchange between Greece and the United Arab Emirates. He highlighted the challenges and collaborative efforts required to promote intercultural dialogue through literature. According to Kastaniotis, the publishing sector can bridge cultural gaps and enhance mutual understanding by sharing diverse narratives and literary works. Another significant session featured Ameera BinKadra and Khalid Al Ali, who, alongside Greek publishers from Entypois Publications, Papadimas Publications, and Nikas Publications, focused on the essential role of publishing in preserving historical and cultural content. They discussed how publishing serves as a repository of cultural heritage and its impact on educational resources and information dissemination. This dialogue emphasized the importance of maintaining and promoting cultural identity through published works. The Emirates Pu

Indian delegation holds talks with key entities in UAE on IMEEC

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   Indian delegation recently visited the United Arab Emirates to hold discussions on cooperation for the India, Middle East, Europe Economic Corridor IMEEC. The visit took place within three months of India and the UAE signing an agreement on the framework for the IMEEC project.  The project aims to enhance regional economic integration through more efficient transport connections between South Asia, the Middle East, and Europe. The delegation met with officials from key UAE ports like Dubai's DP World and Abu Dhabi Ports Group to discuss facilitating trade movements between India and UAE. They also held meetings with UAE Customs Authorities to explore cooperation on regulatory issues related to the corridor.  The IMEEC is envisioned as comprising two corridors - an east corridor connecting India to the Gulf region and a northern corridor connecting the Gulf to Europe. The objective is to provide a reliable cross border ship to rail network that supplements existing maritime route

Women love the privacy that comes with them

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  In united Arab Emirates for ladies seeking privacy and comfort while basking under the sun and walking against the crashing waves, private beaches in the Emirates offer a free space to women this can provide an environment where women can relax without concerns about modesty and security.  By sources it is clear thar Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, launched the Dubai Quality of Life Strategy 2033, which is aimed at turning the emirate into the world’s best city to live in. This can Change the life strategy.  The strategy includes   200 projects and initiatives , as well as extending the length of night swimming beaches by 60 per cent, and designating new beaches exclusively for women.

UAE President Wins Prize For Humanitarian Work

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The United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan has been awarded the inaugural Parliamentary Assembly of the Mediterranean (PAM) Global Humanitarian Personality Award, recognizing his outstanding humanitarian leadership over decades.  Sheikh Mohamed received the honor at PAM's 18th Plenary Session held in Braga, Portugal on May 15th, 2024. He was selected as the first recipient of this prestigious award for his exemplary and ongoing contributions to global humanitarian efforts that have provided vital assistance and relief to vulnerable communities worldwide. Under Sheikh Mohamed's vision and guidance, the UAE has been at the forefront of numerous philanthropic initiatives. This includes the recent announcement of the AED 20 billion Zayed Humanitarian Legacy Initiative created on the 20th anniversary of the late Sheikh Zayed bin Sultan Al Nahyan's passing. The Initiative aims to enhance sustainable development and quality of life for those in need glob

Falcon 2: UAE’s Technology Innovation Institute Releases New AI Model Series, Outperforming Meta’s New Llama 3

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  The Technology Innovation Institute (TII) of the UAE has recently introduced a new AI model series called Falcon 2, which marks a significant advancement in the world of AI. This new series includes two notable versions: Falcon 2 11B and Falcon 2 11B VLM. Falcon 2 11B, trained on 5.5 trillion tokens with 11 billion parameters, outperforms Meta's recent Llama 3 and matches the performance of Google's Gemma 7B. Additionally, Falcon 2 11B VLM stands out for its vision-to-language model capabilities, allowing it to convert visual inputs into textual outputs, opening new avenues in AI innovation. TII's AI models have consistently held a top-tier position globally, and the new Falcon 2 model is another step forward in this journey. The Falcon 2 11B models come with multilingual capabilities, enabling them to tackle tasks in various languages such as English, French, Spanish, German, Portuguese, and more, across diverse scenarios. Furthermore, Falcon 2 11B VLM's ability to i

UAE releases new AI model to compete with big tech

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  The United Arab Emirates has released a new open source artificial intelligence model as part of its efforts to compete with large technology companies in the development of advanced AI. Abu Dhabi's Technology Innovation Institute announced the launch of Falcon 2 11B and Falcon 2 11B VLM, text and vision-language models that join the ranks of other publicly available large language models. The government research body aims to demonstrate the UAE's capabilities in artificial intelligence through the development and release of such models.  The new Falcon models come at a time when companies and countries are actively working to develop their own advanced AI after the release of ChatGPT by OpenAI in 2022. Like Meta's Llama model, the Falcon series has been made openly accessible in a bid to rival major proprietary AI. TII officials expressed optimism about the models' performance and stated they are already working on the next generation dubbed "Falcon 3." The

TRANSPORT Dubai: Dh350 air taxi rides to cut travel time from 45 minutes to 10

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  Dubai citizen will be able to fly across the city through air taxis in a few years.  the flying taxi that is expected to take off in Dubai by the end of 2025.  Riders are sure to enjoy breathtaking city views from the sky and a flying cab becomes a first choice for those who wish to zoom over traffic jams. These airtaxi can shorten me travel time between two locations in Dubai by nearly 70 per cent.  It will takes about 45 minutes to one hour to travel from Dubai Airport to Palm Jumeirah by road. By an air taxi, it will just take about 10 to 12 minutes. These airtaxi  have storage for baggage, too.  Passengers will be able to book their air taxi trips through an app that will be developed by Joby. They will a ble to reserve a ride on Uber. Even if only one passenger is on board, the air taxi will be ready to depart Each air taxi is equipped with 12 motors and four batteries, providing unparalleled reliability during flight, adding that safety is paramount. air taxi is equipped with 1

UAE President Sheikh Mohamed meets with the Turkish Foreign Minister

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United Arab Emirates President receives Turkish Foreign Minister and have Dinner at AbU Dhabi. Other ministers are also in this meeting. UAE Foreign Minister Abdullah bin Zayed, Turkish FM discuss strengthening bilateral relations.  The two diplomats also discussed the dangerous development in the Middle East region. Further they  particularly the need for an immediate ceasefire in Gaza and international responsibility for a lasting peace based on a two-state solution.  The UAE President Sheikh Mohamed bin Zayed Al Nahyan also affirmed the UAE's commitment to promoting security and stability globally. After this meeting it can be assumed that the bilateral relations between two nations becomes strong. 

UAE ranked third-largest FDI market globally in 2023

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  United Arab Emirates is the second largest Arab world's Economy. And Now it Becomes third largest (FDI) Foreign Direct investment in Global market in term of project activity. UAE attracted $23 billion of foreign direct investment (FDI) last year in 1,277 projects which includes different sectors like business and professional services software and technology services and also financial services. This is according to latest report of company Global Data. As this Report US and Germany were two top foreign direct investment (FDI) Market globally Last year. UAE is o e of those place Where investors itself want to invest. Because it is considered as safe Place to invest. Those countries who invest in UAE continues boost business from their friendly policies. That's why investors continue to come. 

UAE claims 9 medals on opening day of Jiu-Jitsu Asian Youth Championship

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  The Jiu-Jitsu Asian Youth Championship break off at Mubadala Arena in Zayed Sports City with hosts UAE collecting nine medals on the first day.Promoting competitions for athletes under 16, 18, and 21 years old.   The   youth championship is part of the eighth Jiu-Jitsu Asian Championship held under the patronage of Sheikh Khaled bin Mohamed bin Zayed Al-Nahyan, crown prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council, from May 3-8.    It is the first time that youth competitions have been included in the continental championship. The inaugural day witnessed competitions across various disciplines including duo-classic, show, jiu-jitsu, and jiu-jitsu fighting.  The UAE Jiu-Jitsu National Team is brilliant in the jiu-jitsu discipline, the only discipline it is participating in, gaining nine medals, including two golds and two silvers.

UAE Council for Climate Action discusses climate ambition for COP29

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  The UAE Council for Climate Action has assessed national efforts to elevate climate ambitions in preparation for the upcoming COP29, taking place in Azerbaijan later this year.    Discussions centered on strategies to strengthen the country's climate action locally and globally. The Council addressed progress in implementing initiatives geared towards achieving Net Zero by 2050.    Efforts to raise awareness about the environment, in order for a sustainable future economy, were discussed during the second meeting of the UAE Council for Climate Action in 2024.    The meeting was chaired by Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment (MOCCAE) who expressed her gratitude to Council members and the teams from various authorities involved in climate work for their coordination and collaborative efforts towards fostering a sustainable future in the UAE.    Her Excellency said: “Climate change is a reality with significant repercussions for

UAE is on the path to becoming the AI capital of the world

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  Falcon was researchers worldwide, and According to estimates, there has been a massive influx of tech workers in the UAE since 2021. As of September 2023, some 120,000 people were working on AI in the UAE. This is a far cry from the 30,000 two years prior. TII itself has a staff of around 800 from 74 countries. In 2018 Open AI starts working with UAE biggest firm G42 which is UAE’s biggest tech firm. In addition after openAI and Microsoft G42 teamed up with IBM, Nvidia, Oracle ,Dell and cerebras. The $100 deal with Cerebras was signed in 2023 seeks to build what the companies claim will be “the world’s largest supercomputer for AI training. UAE’s AI ambitions is the creation of the AI investment firm MGX. The firm came into existence in March 2024. It was created by the Artificial Intelligence and Advanced Technology Council (AIATC), which was established just a couple of months prior — in January 2024, to be more precise. MGX’s mandate is to enable the advancement and deployment of

UAE, Uzbekistan sign investment memorandum to boost digital infrastructure development

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  UAE's Ministry of Investment and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan. T he memorandum aims to explore and evaluate joint investment opportunities for new data centres in Uzbekistan, which would provide cloud and AI solutions to both private and government entities. The data centre market in the country is projected to grow by 9.82 percent between 2024 and 2028, resulting in a market volume of US$ 361.40 million in 2028.  Additionally, the agreement seeks to attract major cloud service providers to the country, assess the potential for super-computer projects, explore the development of language models specific to Uzbekistan, and establish a local talent ecosystem for AI and computing, apart from facilitating strong and effective collaboration between the pub

Ortac International Accounting Strengthens UK to UAE Business Links with New Dubai Office

 F or foreign investment,  UAE becomes an even more attractive destination.  British interest in relocating has surged by 420% in the last five years. Ortac International Accounting has responded by opening a new office in Dubai to help facilitate company setups in the region. Ortac International Accounting has launched a new office in Dubai, aimed at aiding individuals from the UK and other countries for their companies.  Murat Ortac, highlighted the benefits of Dubai for foreign investors,that make Dubai an enticing option for business professionals. Ortac International Accounting offers efficient and seamless company establishment services in Dubai, leveraging its expertise and strategic partnerships.  Positioned as a nexus between continents, Dubai boasts world-class infrastructure and connectivity, facilitating seamless access to international markets. Its strategic location and advanced logistics infrastructure make it particularly attractive to companies operating in Consulting,

Iran, UAE ink comprehensive economic co-op MOU

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  The 3rd Iran-UAE Joint Economic Commission meeting was held in Abu Dhabi from April 30 to May 1 with the goal of further expanding economic cooperation between the two countries. Iranian Transport and Urban Development Minister Mehrdad Bazrpash and UAE's Economy Minister Abdullah bin Touq Al Marri co-chaired the meeting.  During the meeting, the ministers stressed the need to boost economic ties given the strategic importance of the relationship. Iran sees the UAE as its second largest trading partner and both countries can leverage their locations along the International North-South Transit Corridor to access new markets in the north and south.  Bazrpash noted it had been 10 years since the last joint commission meeting, representing an opportunity to develop commercial and economic ties. He emphasized that resolving banking and monetary issues would help facilitate bilateral trade.  For his part, Al Marri underlined the significance of the meeting in showing the development of

EAM Jaishankar discusses Comprehensive Strategic Partnership with hensive-strategic-partner

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  External Affairs Minister S. Jaishankar met with UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in India to discuss expanding the comprehensive strategic partnership between the two countries. During the meeting, Jaishankar emphasized that India and the UAE share a very special relationship which has deepened substantially in recent years under the leadership of Prime Ministers Narendra Modi and Crown Prince Mohammed bin Zayed Al Nahyan.  He noted that bilateral trade between India and UAE has already reached $80 billion but there remains significant potential to take it up to $100 billion in the near future. Both sides acknowledged the important role played by over 3.5 million strong Indian community in facilitating stronger ties.  Jaishankar also invited the UAE Foreign Minister to visit India at an early date. Sheikh Abdullah accepted the invitation while expressing appreciation for the warmth and graciousness extended during the visit. He said the UAE values its partner