Economy

Economy

FTA launches world’s first-of-its-kind AI-powered digital platform for tourist tax refunds

FTA launches world’s first-of-its-kind AI-powered digital platform for tourist tax refunds
The Federal Tax Authority (FTA) has launched a new, integrated digital platform powered by artificial intelligence (AI) for Value Added Tax (VAT) refunds to tourists, the latest of its kind worldwide. The launch forms part of the FTA’s strategy to expand the adoption of AI technologies, continuously enha...

DEWA International signs 4 MoUs with global partners during WETEX 2026

DEWA International signs 4 MoUs with global partners during WETEX 2026
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, witnessed the signing of four memorandums of understanding (MoUs) between DEWA International and leading global entities during the 28th Water, Energy, Technology and Environment Exhibi...

DP World Foundation breaks ground on AED3.7 million school in Indonesia

DP World Foundation breaks ground on AED3.7 million school in Indonesia
DP World Foundation, the philanthropic arm of DP World, together with Belawan New Container Terminal (BNCT), has marked the groundbreaking of a new AED 3.7 million junior high school in Belawan, Medan, Indonesia, under its Classrooms of Hope initiative. The project, whose investment came from DP Wor...

CBUAE launches Financial Health Innovation Challenge; applications open until 30 November

CBUAE launches Financial Health Innovation Challenge; applications open until 30 November
The Central Bank of the UAE (CBUAE) has launched the Financial Health Innovation Challenge to identify ready-to-implement solutions that improve the financial health of individuals and micro, small and medium-sized enterprises (MSMEs) in the UAE, with applications open until 30th November 2026.The cha...

Dubai Chambers signs two MoUs to expand trade, investment cooperation with China’s Greater Bay Area

Dubai Chambers signs two MoUs to expand trade, investment cooperation with China’s Greater Bay Area
– Dubai Chambers has signed two Memorandums of Understanding (MoUs) with major Chinese business associations, the Greater Bay Area Importers and Exporters Association (GBAIEA) and the Guangdong–Hong Kong–Macao Greater Bay Area Entrepreneurs Alliance (GBA Entrepreneurs Alliance). The agreements aim to ...