The International Monetary Fund (IMF) has raised its economic growth forecast for the Middle East and North Africa this year, despite a gloomy global prediction. The regional economy is now expected to grow by 3.4%, up from 3.1% in April. Globally, growth is forecast at 3.1%, compared to 3.2% three months ago. IMF largely blames the negative outlook on Brexit, saying the financial and oil markets started recovering earlier this year, under the assumption that the UK would remain in the EU.
Abu Dhabi unveils major AI training programme for government and public
The Abu Dhabi Government has launched an AI training programme for every government employee as well as the wider public, built with OpenAI, Microsoft and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI).
e& reverts to Etisalat to pay homage to 50 years in business
The UAE telecommunications group e& has reverted its name to Etisalat in an effort to return to its "roots" following its 50th anniversary.
Dubai Retail to open new mall on Al Khail Road in 2027
Dubai Retail, under Dubai Holding Asset Management, has unveiled Skylight Mall, a shopping destination set to open on Al Khail Road in 2027.
Beautyworld Dubai marks 30th edition with global industry showcase
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has inaugurated the 30th edition of Beautyworld Dubai at the Dubai World Trade Centre.
DP World granted extension for Angola’s Luanda terminal concession
DP World has secured a 10-year extension to its concession to operate the multipurpose terminal at Angola’s Port of Luanda, extending the term through to 2051.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has directed all mosques across the country to perform rain prayers on Friday, October 9.
Dubai will permit buildings and villas across 44 areas to offer shared housing, in a move to reduce overcrowding and enhance public health and safety standards.
Dubai is rolling out a new visual identity and enhanced addressing system, introducing colour-coded area identities, updated street signs and house number plates.
