The Islamic economy is growing nearly twice as fast as the global economy, according to Thomson Reuters, with the UAE taking a hearty chunk of that market, coming second only to Malaysia. Muslim consumer spending exceeds USD 1.8 trillion (AED 6.6 trillion). Mustafa Adil, acting Head of Islamic Finance at Thomson Reuters, says halal food, shariah-compliant tourism and Islamic finance are the biggest drivers.
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Abu Dhabi launches $2 billion 'Global Water Platform'
A $2 billion Abu Dhabi Global Water Platform has been launched to support the global water sector by strengthening water and food security in developing countries.
Ford to offer its first eyes-off driver-assistance system in 2028
Ford Motor has announced on Wednesday it would bring Level 3 driver-assistance systems to market in 2028, allowing drivers to take their hands and eyes off the road while operating on certain highways.
Parkin to manage smart parking at select Spinneys, Waitrose stores
Parkin has signed an agreement to manage parking facilities at six Spinneys and Waitrose supermarkets across the city, as part of efforts to ease congestion and improve access at busy retail locations.
Meraas unveils expanded residential masterplan for Dubai Design District
Meraas, a member of Dubai Holding Real Estate, has unveiled an expanded residential masterplan for Dubai Design District (d3), transforming it into one of Dubai’s most desirable creative-led waterfront neighbourhoods.
UAE takes over presidency of MENA financial action task force
The UAE has taken over the presidency of the Middle East and North Africa Financial Action Task Force (MENAFATF) for 2026, represented by Hamid Saif AlZaabi.
Authorities in the UAE have collected samples of Nestlé-branded baby formula products for quality analysis following the recent recall over traces of toxin-forming bacteria.
Abu Dhabi Police have urged motorcyclists to exercise caution after handling seven motorbike accidents in sandy areas due to reckless driving, with nine injuries recorded ranging from moderate to serious conditions.
The National Media Authority (NMA) and National Anti-Narcotics Authority (NANA) have highlighted the importance of raising awareness on narcotic usage through media platforms during a meeting on Thursday.
