Dubai’s non-oil foreign trade hit AED 647 billion during the first half of this year, with the total volume of trade rising 17%. According to figures released by Dubai Customs, the surge was largely driven by imports which exceeded AED 400 billion. China, India, the US and Saudi Arabia were some of the emirate’s major trading partners. Phones led the list of top-traded commodities, followed by precious stones, vehicles and petroleum products.
Abu Dhabi unveils major AI training programme for government and public
The Abu Dhabi Government has launched an AI training programme for every government employee as well as the wider public, built with OpenAI, Microsoft and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI).
IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
The International Monetary Fund has reached a staff-level agreement with Pakistan on reviews of some of its lending programs, potentially unlocking about $1.21 billion in financing pending board approval, the fund said on Wednesday.
African Union launches continent's first credit rating agency
The African Union launched the continent's first credit rating agency on Wednesday, seeking to provide an alternative to the "big three" global ratings agencies as debt burdens weigh on many African economies.
e& reverts to Etisalat to pay homage to 50 years in business
The UAE telecommunications group e& has reverted its name to Etisalat in an effort to return to its "roots" following its 50th anniversary.
Dubai Retail to open new mall on Al Khail Road in 2027
Dubai Retail, under Dubai Holding Asset Management, has unveiled Skylight Mall, a shopping destination set to open on Al Khail Road in 2027.
