Author: MoneySecrets
The “Dubai AI Week,” held from April 21 to April 25, 2025, under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence and Chairman of the Board of Trustees of the Dubai Future Foundation, welcomed over 10,000 experts and specialists from 100 countries, reflecting Dubai’s ambition to lead the future of artificial intelligence globally. Organized by the Dubai Center for AI Applications under the Dubai Future Foundation, the event featured more than 150 sessions and workshops with 180 speakers, covering vital sectors including government, education, healthcare,…
Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Cabinet approved the launch of the world’s first fully integrated smart legislative system, powered by artificial intelligence. The system is set to revolutionize the speed and accuracy of lawmaking, enhancing national competitiveness and enabling real-time impact assessment through advanced data analytics, global research platforms, and AI tools. The Cabinet also approved the restructuring of the UAE Balanced Development Council, chaired by Sheikh Diab bin Mohammed bin Zayed, to drive impactful development projects across all emirates. Additionally, it reviewed the targets of the “Make it in the Emirates” Forum…
H.E. Humaid Matar Al Dhaheri, Managing Director and Group CEO of ADNEC Group, affirmed that the fourth edition of the “Make it in the Emirates” Forum in 2025 marked a turning point in the journey of the UAE’s national industrial sector, backed by strong support from the country’s leadership—highlighting the growing importance of industry as a key pillar of sustainable economic development. Al Dhaheri stated that the forum, which took place from May 19 to 22, provided an ideal platform to strengthen collaboration between the public and private sectors, supported knowledge transfer and localization, and accelerated the adoption of advanced…
The UAE’s tourism sector is witnessing a surge in investment opportunities across all areas, from infrastructure development to hotels, resorts, entertainment projects, and sustainable tourism initiatives aligned with the country’s green economy goals. Government entities continue to play a pivotal role by launching strategic initiatives to enhance tourist destinations, support innovation, and collaborate with the private sector to uphold the highest standards of quality and excellence. Through its National Tourism Strategy 2031, the UAE aims to rank among the world’s top tourist destinations. The strategy seeks to increase the tourism sector’s contribution to the GDP to AED 450 billion, attract…
Global economic uncertainties, driven by the new tariff policies introduced by U.S. President Donald Trump, have sparked expectations of increased foreign investment, particularly from India, China, and Europe, into Dubai’s real estate sector. Dubai-based firm W Capital anticipates that as trade-war impacts persist and global economic outlooks remain unclear, investors will increasingly seek safe-haven assets. Dubai is expected to remain a prime regional and global real estate investment destination under these conditions. W Capital affirmed that Dubai’s real estate sector maintains its position as a safe and stable investment choice during times of global economic stress, highlighting property as a…
Faisal Niaz Tirmizi, Ambassador of the Islamic Republic of Pakistan to the UAE, confirmed that bilateral trade between Pakistan and the UAE reached $10.9 billion during the 2023–2024 fiscal year, covering both goods and services, reflecting the strength of the economic partnership between the two countries. Tirmizi noted that remittances from the Pakistani community in the UAE amounted to $6.7 billion in 2024, with expectations to exceed $7 billion in 2025, underscoring the vital economic role played by the diaspora. He added that trade in goods amounted to $8.41 billion, driven by a 41.06% increase in Pakistan’s exports, which reached…
Italian fashion house Prada has announced the signing of a definitive agreement to acquire the iconic brand Versace from U.S.-based Capri Holdings for €1.25 billion. The merger is expected to create a major Italian luxury group with annual sales exceeding €6 billion. Therefore, positioning it to compete with global giants such as LVMH and Kering, despite current challenges in the international luxury market. Prada CEO Patrizio Bertelli expressed excitement about welcoming Versace into the group, highlighting the shared values of innovation, craftsmanship, and Italian heritage. The deal marks a notable exception to the recent trend of French conglomerates acquiring major…
Abu Dhabi Customs has won first place in the 2024 Global Customs Innovation Award, presented by the European Customs Practitioners Network (PEN-CP), in the category of “Using Innovations in Customs Today.” The award recognizes its groundbreaking project “Dhafra,” an advanced data and reporting center that serves as a smart platform for data governance and management using artificial intelligence algorithms. Launched in 2019, the award honors cutting-edge innovations that address modern customs challenges under the theme: “Advancing Customs Through Innovation and Emerging Technologies,” reflecting a global shift toward digitalizing customs operations and enhancing efficiency. Abu Dhabi Customs’ recognition with this prestigious…
Dubai’s real estate market continues its exceptional performance, recording sales of approximately AED 160 billion during the first 100 days of 2025, according to data from the Dubai Land Department as of April 10. Over 50,800 transactions were registered, including 38,384 residential units, 4,756 buildings, and 7,713 land plots. During the same period, mortgage transactions totaled AED 45.91 billion across 10,425 deals, while gift transactions reached AED 10.7 billion through 2,213 deals. The overall value of real estate activity (sales + mortgages + gifts) amounted to AED 216.3 billion through 63,491 transactions. Alaa Masoud, CEO of Al Khabeer Real Estate,…
The Authority of Social Contributions Ma’an has allocated AED 8.2 million to support eight sustainable community projects focused on the environment and infrastructure in 2024. The projects are implemented in collaboration with seven local partners as part of Ma’an’s efforts to enhance quality of life and generate long-term social and environmental impact. The first project involves developing community gardens in Liwa, with over AED 4 million allocated to build green spaces in Jurmda and Atab districts. These gardens aim to improve the local environment and provide recreational and social areas for residents. The second project will see the creation of…