Author: Arabian Media staff
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Image: Getty Images/ For illustrative purposes Oman’s economy and social indicators have recorded steady improvement in recent years, supported by the country’s diversification agenda, the GCC Statistical Centre (GCC-Stat) said in a new report released to mark the Sultanate’s National Day. Non-oil sectors accounted for 68.2 per cent of GDP at current prices in 2024, up from 66.7 per cent in 2023. GDP reached $107.1bn in 2024, compared with $75.9bn in 2020, representing 41.1 per cent growth. Manufacturing activities contributed 10.0 per cent to GDP in 2024. The value of merchandise trade rose 81.3 per cent to $109.0bn in 2024…
Image: Dubai Media Office/ For illustrative purposes Dubai has approved its largest multi-year budget cycle, signing off on planned expenditure of Dhs302.7bn and projected revenues of Dhs29.2 bn for the fiscal years 2026 to 2028. The decision was issued by Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum in his capacity as Vice President and Prime Minister of the UAE. The three-year plan aligns with broader targets to support sustainable economic growth and expand investment in sectors tied to digital transformation, space research, and artificial intelligence. Dubai’s Department of Finance expects the cycle to deliver an operating surplus equal to…
Images: Supplied ADNOC Distribution, the UAE’s largest mobility and convenience retailer, has launched a new roadside retail concept, ‘The Hub by ADNOC,’ aimed at expanding its non-fuel business and creating community-focused destinations across the country. The first site opened in Shawamekh, Abu Dhabi, with six locations planned by the end of 2025 and a total of 30 expected by 2030. ADNOC Distribution said the sites are designed with a retail footprint three times larger than traditional service stations and will combine fuel, EV charging and car care with food, recreation and family facilities. The company expects the hubs to contribute…
Microsoft’s commitment to the UAE’s AI transformation took centre stage at the recent GITEX Global 2025, where the tech giant unveiled a suite of initiatives designed to embed artificial intelligence across education, industry, and government. At the company’s AI Tour held in Dubai earlier this month, Microsoft announced the expansion of its Elevate UAE skilling programme, targeting over 250,000 students, educators, and government employees by the end of 2027. The initiative will embed AI literacy and hands-on training across educational institutions, including 100,000 students in GEMS private schools, while offering sustained programmes and partnerships with cutting-edge AI tools. The AI…
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Image credit: WAM/Website Dubai Crown Prince and Chairman of The Executive Council Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has approved the new Architectural Identity for Dubai’s road projects, a framework designed to unify the visual language of the emirate’s expanding transport network and support its long-term urban vision. The initiative forms part of Dubai’s broader strategy to develop an integrated, sustainable, and aesthetically distinct city that enhances the experience of residents, commuters, and visitors alike. The Crown Prince also reviewed progress on two of the emirate’s most significant transport upgrades, the Trade Centre Roundabout Improvement Project and the…
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