Abu Dhabi saw inflation rise by 3.2% in the first quarter of the year. That’s compared to figures from the same period in 2015, according to data released by Statistics Centre , Abu Dhabi. The Consumer Price Index for January to March shows that housing, water, electricity, gas and other fuels accounted for the largest increase, rising 7.7%. Food and beverage rose by 1.6%, whilst the falling oil prices led to transport costs dropping by 6.6%.
H.H. Sheikh Hamdan praises progress of Dubai Cashless Strategy
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.
DIEZ doubles size of Oraseya Capital fund to AED1 billion
The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.
UAE ranked top worldwide in AI integration across key sectors
The United Arab Emirates has ranked first worldwide in Artificial Intelligence integration, with 70.1 per cent of its working-age population using AI.
UAE to participate in annual IMF, World Bank meetings in Bangkok
A UAE delegation is set to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), taking place in Thailand's Bangkok from October 12-18.
Beauty World Dubai draws 62,000 visitors despite tough year for events
Beauty World Dubai has wrapped up its 30th edition at the Dubai World Trade Centre, drawing more than 62,000 visitors from over 170 countries
