The UAE is one of the leaders of the 5G revolution and is listed among the fastest countries to deploy the network.
Making the point, Mohammed Ibrahim Al Zarooni, Deputy Director of the Information and Digital Government Sector at the Telecommunications and Digital Government Regulatory Authority (TDRA), affirmed the importance of 5G networks in accelerating the deployment of tech solutions and establishment of smart cities that include smart transportation, self-driving vehicles, and crewless aircraft.
Using drones in cargo and mail shipment, and for remote surgery, and enabling AI solutions to analyse big data and developing smart services are crucial in this journey, he added.
It also paves the way for UAE's digital transformation in the next two years.
Meanwhile, digitisation of over 6,000 government services and setting up solid e-commerce infrastructure across all sectors enabled a smooth transition to remote working and distance learning, especially at a time when the country was tackling the challenges put forth by the pandemic.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.