Author: MoneySecrets

The UAE Ministry of Economy and Tourism has signed two Memoranda of Understanding (MoUs) with the Spanish Patent and Trademark Office and the Moroccan Office of Industrial and Commercial Property. The agreements aim to strengthen cooperation in intellectual property (IP) development in the UAE, aligned with international best practices. Strategic Collaboration for IP Development The MoUs were signed in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, during the UAE delegation’s participation in the 66th Assemblies of the World Intellectual Property Organization (WIPO) in Geneva. The agreements encompass several key areas, including digital transformation,…

Bilateral Cooperation in Focus Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, welcomed Karamoko Jean Marie Traoré, Minister of Foreign Affairs and Regional Cooperation at the Ministry of Foreign Affairs headquarters in Abu Dhabi. The meeting highlighted the strong bilateral relations between the UAE and Burkina Faso and emphasized the two nations’ shared commitment to expanding cooperation. Economic Partnerships and Sustainable Development During their discussions, both ministers explored ways to enhance collaboration, particularly in the fields of economic partnership, investment, and sustainable development. They underscored the importance of leveraging available opportunities to support long-term growth and prosperity in both…

Strategic Dialogue at IFSA Africa The UAE Ministry of Economy and Tourism, in coordination with the UAE Embassy in Tunisia, hosted the “UAE–Tunisia Agriculture and Food Forum” during the IFSA Africa exhibition. The event aimed to deepen economic ties in food industries, agricultural technologies, and value chain development. Attendees included Minister Abdulla bin Touq Al Marri, UAE Ambassador Dr. Eman Al Salami, and officials from both governments and private sectors, along with global startups and key players like Emirates Bio Farm, IFFCO, and Islamic Food Company. Focus on Food Security and Innovation Minister bin Touq highlighted the shared commitment to…

Strong Q1 Performance The UAE’s hospitality sector continues its measured growth in 2025, driven by strategic investments and a clear tourism vision. In the first quarter alone, hotels generated AED 13.5 billion in revenue and hosted over 8.4 million guests, up 2% from Q1 2024. Total hotel nights reached 29.3 million, signaling a healthy and balanced expansion. Resilient Competitiveness Amid Regional Growth A report by the Interregional Center for Strategic Analysis highlights the UAE’s resilience in the face of rising regional competition. The country benefits from advanced infrastructure, flexible regulations, and accumulated destination management expertise. Over the next three years,…

In a move aligned with Dubai’s vision to modernize vital sectors and adopt global best practices, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has issued Law No. (7) of 2025. The law regulates the practice of contracting activities across the emirate and aims to strengthen governance and legal frameworks in the sector. Clear Classification and Oversight The law introduces a comprehensive framework for classifying contractors based on their technical, financial, and administrative capabilities. It promotes transparency, improves coordination among relevant authorities, and supports Dubai’s long-term urban development goals. A permanent committee,…

Fouad Darwish, CEO and Managing Director of Palms Sports, confirmed that the strategic partnership with Egypt’s Al Ahly Club marks a pivotal milestone in the company’s expansion beyond the UAE, specifically in a culturally and athletically vibrant market like Egypt. Speaking on the Money Secrets podcast with economic content creator Ahmed Elgamal, Darwish clarified that Palms Sports is not entering Egypt merely as an investor, but rather as an operator of one of the region’s largest sports projects: Al Ahly Sports City. It is a project that has been in the works for over 30 years. “We are entering as…

Abu Dhabi Fund for Development (ADFD) has signed a financing agreement with the Government of the Lao People’s Democratic Republic. The fund aims to support the development of the Southern National Road 13. It is funded with AED 73.5  million (US$20 million). The project aims to strengthen Laos’ transportation infrastructure by enhancing road quality and improving traffic safety. The project supports the nation’s economic growth while promoting environmental sustainability and enhancing internal and cross-border connectivity. Mohammed Saif Al Suwaidi, Director-General of ADFD, and Phouvong Kittavong, Deputy Minister of Finance of the Lao People’s Democratic Republic, signed the agreement virtually. The…

The Ministry of Energy and Infrastructure has confirmed that the United Arab Emirates remains committed to achieving its planned oil production capacity of 5 million barrels per day by 2027. In an official statement, the Ministry clarified that there is no change in the country’s production target. Earlier this week, UAE Minister of Energy and Infrastructure, Suhail Al Mazrouei, emphasized the UAE’s vital role within OPEC and the OPEC+ alliance. He reiterated the country’s full support for all OPEC+ decisions aimed at ensuring balance and stability in global oil markets.

ADNOC Gas Plc and its subsidiaries announced that it has entered into a three-year liquefied natural gas (LNG) supply agreement with Germany’s SEFE Securing Energy for Europe, for the delivery of 0.7 million tonnes of LNG with deliveries commencing this year. The agreement, valued at approximately $400 million (AED1.5 billion) over its three-year term, highlights ADNOC Gas’ continued expansion into global markets, with LNG supplied from ADNOC Gas’ Das Island liquefaction facility – a key asset in the company’s portfolio. With a production capacity of 6 mtpa, Das Island’s LNG plant has shipped over 3,500 LNG cargoes worldwide since starting…

Masdar City has begun testing level 4 autonomous vehicles (AV) in the city, in partnership with smart mobility provider Solutions+, a Mubadala company. The initiative, overseen by the Integrated Transport Centre (ITC), has involved the registration, testing, and operational approval of autonomous vehicles, ensuring safety, compliance, and alignment with Abu Dhabi’s broader vision for smart mobility. The project demonstrates the emirate’s commitment to driving innovation and shaping the future through cutting-edge technology and underlines the role of Masdar City, a global hub for clean technology and home to the Smart Autonomous Vehicles Industry (SAVI) cluster, in further advancing autonomous transport.…