Business

06.09.2026

Türkiye needs at least $80 billion in electricity infrastructure investment through 2035

ISTANBUL, 6th September, 2026 (WAM) -- As the world seeks to "rethink, redesign and strengthen" its electricity infrastructure, emerging economies such as Türkiye need access to affordable, long-term climate finance, Energy and Natural Resources Minister Alparslan Bayraktar said."Public finance alone will not be sufficient," Bayraktar said, addressing the Istanbul Climate Finance Summit."We need to mobilize private capital, international financial institutions, development banks and long-term institutional investors," he said as quoted by Anadolu Agency."In Türkiye itself, only until the year 2035, we need to invest at least 80 billion dollars in our electricity infrastructure," he added.Financing mechanisms must reduce risk, lower the cost of capital and make investments in clean energy and climate-resilient infrastructure commercially attractive, he added."For emerging economies like Türkiye, especially for these economies in particular, access to affordable and long-term climate finance is essential," he said."The energy transition cannot succeed globally if financing remains expensive or inaccessible precisely in the countries where energy demand and investment needs are growing fastest," the Turkish minister added.Bayraktar said global warming and climate change also make it necessary to rethink, redesign, and strengthen electricity infrastructure."We are already seeing more frequent and severe extreme-weather events around the world, including Türkiye," he said. "Heatwaves, floods, storms, droughts and wildfires can all affect electricity generation, transmission, and distribution."Climate finance, therefore, should support not only emissions reductions but also resilience and adaptation, he said."The infrastructure we build today must be designed for the climate conditions of the coming decades, not simply those of the past. And this requires enormous financial resources," he said.He described the energy transition as "unprecedented in scale," requiring more renewable energy, greater energy efficiency, nuclear power, energy storage, electrification and substantial investment in transmission and distribution networks.

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04.09.2026

S. Korea extends current account surplus in July amid strong exports

SEOUL, 4th September, 2026 (WAM) -- South Korea posted a current account surplus in July, central bank data showed Friday, led by robust exports amid the global artificial intelligence (AI) boom.The current account surplus totaled US$42 billion in July, down $7.65 billion from a month earlier, according to data from the Bank of Korea (BOK).Compared with the same month a year earlier, the figure jumped $30.1 billion.It marked the second-largest monthly figure following $49.73 billion set in June. It was also the highest for any July.According to Yonhap News Agency reported, the BOK said the goods account posted a surplus of $40.43 billion in July, as exports shot up 65.3 percent on-year to $100.4 billion.The central bank added the primary income account also logged a $4.35 billion surplus following an increase in the equity income.South Korea has reported a current account surplus every month since May 2023, making July the 39th consecutive month the balance has remained in the black.In 2025, the country posted its largest annual surplus on record at $123.05 billion, exceeding the previous high of $105.1 billion set in 2015.

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04.09.2026

Brazil threatens reciprocal measures in response to European trade restrictions

SAO PAULO, 4th September, 2026 (WAM) — The Brazilian government said on Thursday it could take reciprocal measures against the European Union in case negotiations to reverse the bloc’s ban on animal products from the South American nation do not lead to "a satisfactory outcome."Brazilian agriculture ministry said Thursday that it would consider reciprocal measures if a satisfactory solution is not reached.“Brazilian authorities expressed their indignation at the lack of dialogue before the measure was adopted,” the ministry said in a statement, adding that the suspension “does not match the depth of the strategic partnership between Brazil and the EU.”The European Union suspended imports of animal goods from Brazil, including beef, poultry, eggs, and honey, starting September 3, 2026.The block on imports was triggered by new EU rules regarding the control and use of antimicrobial substances in livestock production.The bloc announced in May that Brazil would be removed from its list of countries authorized to export certain animal products to the bloc, arguing that Brazil had failed to provide sufficient guarantees that its livestock production meet EU standards against antibiotic growth promoters and other restricted drugs.

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04.09.2026

Egypt approves execution plan for international bond issuances up to $3 billion

CAIRO, 3rd September, 2026 (WAM)-- The Egyptian Cabinet has greenlit measures for the Ministry of Finance to issue up to $3 billion in international bonds throughout fiscal year 2026/2027. This move aligns with state strategy to cover budget funding gaps, broaden currency and financing options, and lower refinancing exposure.An official release noted that the framework encompasses conventional debt securities, alternative financial mechanisms, and credit-guaranteed Panda bonds. Issuance amounts and schedules will depend on international investor interest, global market dynamics, and input from appointed lead arrangers and financial advisers.

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04.09.2026

ROX begins ADAMAS vehicle production in Abu Dhabi, advancing emirate’s automotive manufacturing ambitions

ABU DHABI, 3rd September, 2026 (WAM) -- ROX has completed its Advanced AI Manufacturing Centre in Abu Dhabi and commenced local vehicle production, with the first three ROX ADAMAS vehicles carrying the “Made in the Emirates” mark rolling off the production line. The milestone marks a new stage in the company’s localisation and expansion in Abu Dhabi.The new facility builds on the partnership between ROX and the Abu Dhabi Investment Office (ADIO), supporting ROX’s plans to localise its operations across supply chains, technology and design, while contributing to the development of an integrated automotive manufacturing ecosystem.The development is supported by the Ministry of Industry and Advanced Technology under the umbrella of the “Make it in the Emirates” initiative and supports the objectives of the National Strategy for Industry and Advanced Technology, “Operation 300Bn”, which seeks to strengthen the country’s position as a leading global destination for the industries of the future.Hasan Jasem Al Nowais, Undersecretary of the Ministry of Industry and Advanced Technology, said: “The UAE has strengthened its leading position on the global manufacturing map by building a competitive industrial ecosystem based on innovation and advanced technology, while reinforcing its position as an attractive destination for high-value investments and future industries.”Al Nowais said: “The Ministry of Industry and Advanced Technology, in collaboration with its partners, continues to develop a flexible, growth-enabling industrial environment that supports global companies in localising their operations, transferring knowledge and technology, and developing integrated supply chains. This contributes to enhancing In-Country Value, increasing the competitiveness of products manufactured in the UAE, and creating high-quality opportunities for Emirati talent.”“The start of production of ROX Adamas vehicles in Abu Dhabi reflects the objectives of national initiatives such as Operation 300bn and Make it in the Emirates, and demonstrates the UAE’s ability to attract and localise advanced industries, spanning production and assembly, design, research and development, and artificial intelligence applications.”The new facility is expected to provide an initial production capacity of 20,000 vehicles in 2027, with plans to increase this to 300,000 vehicles annually by 2030, serving the needs of the domestic market while supporting exports to regional and international markets.Mohammad Ali Al Kamali, Chief Trade and Industry Officer at the Abu Dhabi Investment Office (ADIO), said: “ROX’s progress in Abu Dhabi is a clear example of how industrial investments can translate into local production, deeper industrial capability and global growth. By anchoring more of its manufacturing and value chain in the emirate, ROX is contributing to an automotive ecosystem designed to support localisation, strengthen supply chains and enable exports. Abu Dhabi gives manufacturers the infrastructure, connectivity and partners to establish, scale and compete globally from a single base.”The facility covers 10,000 square metres within the industrial ecosystem of Khalifa Economic Zones Abu Dhabi – KEZAD Group, supporting efforts to localise high-value industries and develop national manufacturing capabilities. The facility enables the local sub-assembly of more than 80 types of vehicle components, alongside complete vehicle assembly, calibration, rain testing, road testing and final inspection before delivery. The facility also strengthens ROX’s local manufacturing capabilities and deepens its connection to Abu Dhabi’s automotive sector, including capabilities across engineering, advanced materials, technology, talent and supply chains.Jarvis, Founder and CEO of ROX, said: “The opening of the new manufacturing centre represents an important step in ROX’s journey and a starting point for expanding our presence from Abu Dhabi into international markets. We look forward to establishing the UAE as a key part of our global growth journey and building a company that the UAE can be proud of and that contributes to its economic ambitions.”This step forms part of ROX’s plans to localise its operations in Abu Dhabi, which were announced alongside the establishment of its global headquarters in the emirate, strengthening its presence and supporting the expansion of its operations there. Since establishing its global headquarters in Abu Dhabi last year, ROX has continued to develop its operations in the emirate, culminating in the start of local vehicle production and marking a new stage in the company’s journey.ROX also unveiled its AI LAB and Design Studio in Abu Dhabi, supporting previously announced plans to develop its design and R&D capabilities in the emirate. The AI LAB will serve as a base for the development of the ROX AGENT AI platform, while the Design Studio will bring together designers from the UAE, China and around the world.ROX plans to unveil its first UAE-designed vehicle in Abu Dhabi in March 2027. The Abu Dhabi Edition will be developed through ROX’s global design network and will incorporate influences inspired by Emirati culture.ROX is working to establish an integrated vehicle development ecosystem that brings together technology, design and manufacturing within a single base. The Design Studio’s first project reflects this integration through the development of the “ROX ADAMAS – Abu Dhabi Edition” in collaboration with the Design Commission – Abu Dhabi and Al Khaznah Leathers, with a design inspired by Khoos, the traditional Emirati craft of weaving palm fronds.The company also announced the launch of the second season of GRAND TOUR, with two vehicles from the initial batch of UAE-manufactured ADAMAS preparing to depart Abu Dhabi on a journey across Africa, covering Nigeria, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal and Mauritania, before reaching Casablanca, Morocco. The two vehicles will carry the “Made in the Emirates” mark as they travel through a diverse range of markets and operating environments. The journey reflects ROX’s expansion into global markets from its growing production base in Abu Dhabi, while showcasing the capabilities and performance of UAE-manufactured vehicles across diverse international markets.The company’s expansion reflects Abu Dhabi’s approach to supporting industrial growth by establishing production capabilities locally and enabling manufacturers to access advanced infrastructure, integrated supply chains, specialised talent and global markets that support business growth and international expansion.

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03.09.2026

UAE Central Bank Orders Urgent Examination of Banque Misr Branches After US Money Laundering Warning

The Central Bank of the UAE has ordered a special and urgent examination of Banque Misr's branches in the country, a day after the US Treasury proposed cutting the Egyptian lender's UAE branch off from American correspondent banking over money laundering concerns.

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03.09.2026

Ministry of Economy and Tourism requires withdrawal of counterfeit goods within 24 hours under new regulations

DUBAI, 3rd September, 2026 (WAM) -- The Ministry of Economy and Tourism highlighted the key provisions of the Executive Regulations of the Anti-Commercial Fraud Law, which require suppliers to immediately stop selling or displaying adulterated, spoiled or counterfeit goods and withdraw them from markets and warehouses within no more than 24 hours of receiving notification from the Ministry or the competent authority, strengthening consumer protection, market integrity and the efficiency of oversight of commercial practices in the UAE.This came during a media briefing organised by the Ministry today in Dubai to review the Executive Regulations of Federal Decree-Law No. 42 of 2023 concerning Anti-Commercial Fraud, issued pursuant to Cabinet Decision No. 107 of 2026.Safeya Al Safi, Assistant Under-Secretary for the Commercial Control and Governance Sector at the Ministry of Economy and Tourism, said the UAE has made significant progress in developing an advanced legislative and regulatory framework to combat commercial fraud and protect the rights of consumers and trademark owners.She noted that the Regulations represent a new milestone in developing market oversight and keeping pace with modern forms of trade, including e-commerce.Al Safi said the Ministry, in cooperation with local economic and supervisory authorities, conducted 10,023 inspection tours related to commercial fraud during the first quarter of 2026, resulting in the detection of 189 violations across the UAE.The Regulations strengthen proactive oversight by regulating inspection procedures, detecting violations and dealing with adulterated goods, as well as governing the custody and destruction of seized items, data exchange between competent authorities and the application of administrative penalties, thereby enhancing compliance and deterring unlawful practices.The Regulations require suppliers to notify all points of sale and entities supplied with the violating goods to withdraw them within 24 hours and to publicly announce the withdrawal within 48 hours in both Arabic and English. This period may be shortened if the goods pose a risk to human or animal health or safety, or to the environment.The Regulations also govern procedures for recycling or destroying goods and for re-exporting eligible goods to the country of origin or exporting country within 30 days, in accordance with the prescribed controls.They also set out conciliation and objection procedures, allowing a violator to object to a decision rejecting conciliation within seven working days, while the Ministry or competent authority must decide on the objection within no more than 10 working days.The Ministry affirmed that the Regulations aim not only to impose penalties, but also to promote a culture of compliance, support compliant establishments, strengthen the confidence of investors and traders, and enhance the competitiveness of UAE markets.

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03.09.2026

‘Shams’ maintains growth momentum, recording over 10% growth across key sectors

SHARJAH, 3rd September, 2026 (WAM) -- Sharjah Media City (Shams) has recorded positive growth indicators across several key business activities and sectors through August 2026, led by media packages, management consultancy, and e-commerce.The results reflect the growing preference among the business community for more flexible, digitally driven business models, as well as the evolving needs of entrepreneurs and companies within the new economy.The Media Package recorded 11.8 percent growth, highlighting continued demand for activities and services related to the media and creative industries, driven by the rapid advancement of digital technologies and changing patterns of content production and consumption.Management consultancy activities also recorded 10.9 percent growth, reflecting increasing demand for specialised professional services that support companies and entrepreneurs in developing their businesses, improving efficiency, and adapting to rapidly changing market dynamics.Meanwhile, within the digital commerce sector, retail activities conducted through mail order or online channels recorded 10.5 percent. This indicates the continued expansion of e-commerce and the growing reliance of companies and entrepreneurs on digital channels to reach customers, enhance their operations, and expand into new markets.Commenting on the results, Rashid Sahoo, Director of Operations at Sharjah Media City (Shams), said, “The growth recorded across several vital sectors reflects the continued evolution of the Shams business community and the growing shift towards more flexible and digitally driven business models. At Shams, we continue to develop an integrated ecosystem of solutions and services that make it easier for entrepreneurs and companies to establish, develop, and expand their businesses, enhancing their ability to capitalise on the opportunities offered by the new economy.”He added, “Growth across e-commerce, media, and consultancy demonstrates the diversity of opportunities available to companies. We remain committed to developing a supportive business environment that responds to the needs of investors and entrepreneurs and contributes to enhancing the competitiveness of Sharjah’s digital and creative economy.”The results point to the expanding range of activities experiencing increased demand within the Shams community, alongside continued momentum in areas such as digital marketing and wholesale trade, reflecting the diversity of the business base and the evolving needs of companies.Shams continues to develop tailored business services and solutions while providing a flexible and supportive environment that facilitates company formation and enables business growth. The city remains focused on empowering entrepreneurs and organizations to adapt to market transformations and capitalise on growing opportunities across digital and creative sectors.These indicators further strengthen Shams’ role in supporting Sharjah’s entrepreneurship ecosystem and contributing to the growth of the digital and creative economy by attracting diverse business models and providing an environment that enables companies to develop and expand, supporting the Emirate’s sustainable economic development journey.

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03.09.2026

Sharjah’s ‘Publish’ fund turns ideas into lasting businesses

SHARJAH, 2nd September, 2026 (WAM) -- The publishing sector is undergoing rapid transformation, affecting not only content but also how readers discover, access, purchase and consume books. The UAE’s National Reading Index 2025, issued by the Ministry of Culture, shows sustained demand for reading alongside clear changes in the reader journey: 85.5% of community members expressed a desire to read more, while 89.9% preferred accessing content through digital platforms and 44.9% relied on online purchasing.These shifts in the UAE market coincide with broader global changes in publishing. Data from the Association of American Publishers (AAP) for 2026 shows digital audiobook content grew by 14.5% during the period measured, while e-books declined by 3.5%, reflecting shifting demand across content formats and access channels. At the same time, protecting intellectual property rights in the digital environment is becoming increasingly challenging as artificial intelligence technologies enter the content production and distribution cycle.These developments suggest that readers are not disappearing; rather, the way they access books is changing. For new publishers, this shift means moving beyond the traditional model centred on content production towards building businesses capable of understanding audiences, managing rights, developing distribution channels, leveraging technology and reaching new markets.This is where the strategic vision of the Sharjah Publishing Sustainability Fund (Publish) comes in. Launched by Sharjah at the initiative of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority, the fund serves as an advanced platform aimed at empowering the publishing industry, enhancing its competitiveness and establishing the foundations for its long-term prosperity.The fund adopts a comprehensive approach by providing an integrated environment that brings together specialised training programmes, professional consultations and strategic business-development guidance. It also provides access to advanced infrastructure and facilitates entry into regional and international markets. This enables publishers to move their projects from promising ideas to institutional business models characterised by flexibility, maturity and sustainability.Iman bin Sheibah, Director of Strategic Initiatives and Global Markets at the Sharjah Book Authority, said the transformations taking place in publishing highlight the need to equip publishers with the tools for growth, innovation and competitiveness.“Sustainable publishing businesses today require more than simply producing good content. They depend on a publisher’s ability to understand the market, manage rights, develop distribution channels and build a business model capable of growth and adaptation,” she said. “This is why it is important to provide an integrated ecosystem combining knowledge, guidance, tools and partnerships, helping publishers transform their ideas into sustainable institutional projects capable of competing.”The “Publish” fund translates this vision into three pathways addressing different stages in the publishing business lifecycle. Its support extends beyond publishers at the start of their journey to established businesses seeking growth, expansion and innovation.The Launch pathway is designed for new publishers and focuses on providing them with the knowledge and tools needed to establish and develop their businesses. This includes content development, rights management, market understanding, distribution and building a more sustainable business model.The Growth pathway targets established publishing houses with an operational foundation that are seeking to expand their presence. It provides advisory and specialised services to help them develop their businesses and strengthen their readiness for regional expansion.Meanwhile, the Innovation pathway focuses on supporting transformation in publishing by connecting publishers with modern technologies and solutions and facilitating access to tools and services that can help them improve their operations. It also enables them to benefit from the specialised environment provided by Sharjah Publishing City.This approach gives each project access to the type of support suited to its stage and needs — from establishing the business, to developing it, expanding its reach and innovating its business model.The results of the first cycle of the Launch pathway demonstrate the programme’s ability to turn this model into a practical experience. More than 140 nominations were received, with 26 participants selected to undertake a comprehensive development experience focused on building their capabilities and developing their publishing projects.At the conclusion of the programme, five winners received a package of benefits including financial grants, trade licences, workspaces at Sharjah Publishing City and representation contracts with the Sharjah Literary Agency. The remaining 21 participants benefited from the training, mentoring and professional guidance opportunities provided by the programme.The experience reflects the core philosophy of “Publish”: empowering publishers does not begin or end with funding. It requires building capabilities, opening market channels and providing the expertise, infrastructure and partnerships needed to help a project turn its potential into tangible growth.

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03.09.2026

Middle East Energy 2026 drives global energy dialogue and innovation

DUBAI, 2nd September, 2026 (WAM) -- The second day of Middle East Energy's 50th edition centered on the technologies and capital shaping the next phase of the region's energy transition. Today’s event opened with a Leadership Summit keynote from Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs, UAE Ministry of Energy & Infrastructure (MoEI)."Today, of course, energy has never been more important. Demand continues to grow, technology is advancing at an exponential rate, and artificial intelligence is reshaping how we produce, manage, and consume energy. These are not separate challenges; they are part of the same equation. The question before us is not simply how we generate more energy, but rather how do we build a cleaner, smarter, resilient, and sustainable energy system capable of supporting long-term economic growth," he said.Focusing on the future of energy in UAE, Al Olama added, “For the UAE, the journey is guided by a simple belief: energy is not an end in itself. Energy enables progress. It enables industry. It enables technology. It enables mobility, it enables prosperity, and increasingly, it enables national competitiveness. That is why the UAE has followed a balanced yet pragmatic approach – one that combines ambition with realism, innovation with reliability and energy transition with energy security.”Across the different speaking forums, senior voices from government, utilities and global finance presented investment cases for renewable energy and the commercial path forward with topics focusing on AI, digital technologies and transformation, grid flexibility and next gen-technology. These reflect an agenda that has moved beyond ambition to focus on delivery, financing, and execution.Two fireside conversations at the Leadership Summit brought geopolitical and supply chain realities into sharp focus. In "Navigating the Geopolitics of Europe's Clean Energy Transition," Alvaro Nadal, former Spanish Minister of Energy, Tourism and Digital Agenda (2016–2018) and Patricia Espinosa, Founding Partner & CEO of onepoint5 and Former Executive Secretary of UNFCCC examined the role of shifting strategic partnerships in accelerating Europe’s energy transition and the need for policy, investment and grid infrastructure to deliver a secure, affordable and low-carbon energy future. This was followed by "Re-engineering the Energy Supply Chain: Who Is Reshaping Global Energy Delivery?" featuring Peggy Liu, Chairperson of JUCCCE (Joint US China Collaboration on Clean Energy), and Rebecca Harding, CEO of the Centre for Economic Security. The discussion tackled the global realignment of clean energy manufacturing and critical mineral supply chains, and the importance of logistics and shipping corridors in moving the energy transition going forward.Elsewhere on day two, the Technical Excellence Forum's "Energy Transition & Decentralisation" session, explored how distributed generation, microgrids and demand-side flexibility are becoming essential building blocks of the region's net zero pathway. Red Sea Cables launched its 132 kV High Voltage Cable, marking a strategic milestone in the company’s growth and the expansion of its manufacturing capabilities. The launch further strengthens Red Sea Cables’ position as a growing provider of advanced cable solutions for the energy, utilities, infrastructure and industrial sectors across the Kingdom of Saudi Arabia and the wider Middle East.Other key events were the Global Energy Efficiency Alliance roundtable held under the patronage of MoEI, with participation from Sharif Al Olama and 30 CEOs from a wide range of global energy companies. This was followed by Siemens, Honeywell, Schneider Electric, First Abu Dhabi Bank (FAB), Hitachi Energy, Siemens Energy, Net0 signing a memorandum of understanding with the MoEI to take the Global Energy Efficiency Alliance agenda forward.Middle East Energy celebrated the brightest minds in energy innovation with brilliance and ground-breaking products amongst exhibitors across vital product categories in the energy sector. These awards recognised exceptional contributions from visionary individuals and provided an opportunity to showcase cutting-edge technology and revolutionary products. Exhibitor awards winners were: • Distribution Excellence Award – Rolycab Industries• Energy Efficiency Champion Award - Momentive• The Power Resilience Award – CE+T Power• Renewable Energy Innovation Award - PVFARMAcross the show floor, exhibitors highlighted their innovative products engineered for tomorrow. These included Comacon's sustainability-focused engineering solutions for intelligent infrastructure; Lucy Electric's newly launched Nuventura Nu1, a sustainable SF6-free switchgear for a sustainable future delivering reliable performance up to 36kV; Saudi Meters' smart water and electricity metering solutions for real-time utility monitoring and management; and Astro Cables showcasing low-voltage copper and aluminium power cables, building wires, fire-resistant and solar cables, delivering reliable cable solutions for residential, commercial, industrial, infrastructure and renewable energy applications. On the AI innovation front, InfiVR showcased AI-powered safety and HSE trainings. China's Shandong Taikai exhibited high-voltage power transmission and transformation equipment, while Hunan Guochuang Electric highlighted precision-engineered transformer components for the new energy and ultra-high voltage sectors.Hash House highlighted its H1-630, a compact cryptocurrency mining device designed to work with solar and battery systems, helping users convert excess energy into digital income.Exhibitors continue to launch their products on the show floor, with Middle East Energy running until 3 September.

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02.09.2026

MBRAH’s new suppliers complex progresses, with opening set for end of 2026

DUBAI, 2nd September, 2026 (WAM) -- Mohammed Bin Rashid Aerospace Hub (MBRAH), the aerospace platform of Dubai South dedicated to advancing the aviation industry, has announced continued progress on its new Suppliers Complex, further expanding its infrastructure in response to growing demand from aviation and aerospace businesses seeking to establish and expand their operations at Dubai South.The new facility builds on the success of MBRAH’s existing Suppliers Complex, the first vertical aerospace complex in the region, and forms part of the ongoing expansion of its Aerospace Supply Chain zone.Upon completion by the end of 2026, the facility will feature 88 leasable units across three levels, catering to maintenance service providers, aircraft parts traders and aerospace companies. The development is designed primarily to support start-ups and SMEs seeking flexible spaces within MBRAH’s integrated aerospace ecosystem.Tahnoon Saif, CEO of Mohammed Bin Rashid Aerospace Hub, said, “The continued development of the new Suppliers Complex facility reflects the strong demand that Dubai is witnessing from aviation-related companies seeking efficient and flexible solutions to establish and grow their operations in the emirate.Building on the success of our existing facility, this expansion will provide additional capacity for SMEs, start-ups and specialised service providers while further strengthening the depth of our aerospace supply chain. We remain committed to developing infrastructure that responds to the evolving needs of the industry and supports Dubai’s position as the aviation capital of the world.”MBRAH offers global aerospace players high-level connectivity and is a free-zone destination for the world’s leading airlines, private jet companies, MROs, and associated industries.

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02.09.2026

UAE Net Zero 2050 - Indian businesses eye new Green-Economy opportunity as trade target nears $200bn

DUBAI, 1st September, 2026 (WAM) -- The UAE’s drive towards Net Zero by 2050 is opening a new multi-sector growth opportunity for Indian businesses, with companies expected to play an increasing role in renewable energy, waste management, sustainable construction, green finance, e-mobility and climate technology.That was the key message from an executive webinar hosted today by the Indian Business and Professional Council (IBPC Dubai) Energy & Climate Focus Group, which examined what the UAE’s Net Zero ambitions mean for Indian companies.The opportunity comes as India and the UAE seek to take bilateral trade to US$200 billion by 2030.Participants said the green economy could become an increasingly important pillar of that growth.Keynote speaker Sunjay Sudhir, former Ambassador of India to the UAE, said businesses should move ahead of regulation rather than wait for every detail to be finalised. “Compliance is a cost, but the cost of being late will be higher than the cost of being early.”Sudhir highlighted the growing shift in the climate agenda from voluntary commitments towards compliance, pointing to Federal Decree No. 11 of 2024 and the need for greater awareness among companies and institutions.“The transition from fossil fuels to clean energy is accelerating,” he said, highlighting the complementary strengths of the two markets: India’s technology, innovation and clean-energy pipeline, alongside the UAE’s capital, infrastructure and market access.He added that the scale of India’s existing clean-energy ecosystem strengthens the case for greater India-UAE collaboration. Approximately 87% of India’s renewable energy capacity is privately owned, underlining that the energy transition is already a major commercial market for Indian companies rather than solely a government-led initiative.Dr Samiullah Khan, CEO/CSO of Net Zero, said the opportunity extends well beyond solar. Indian companies could participate in wind, microgrids, rooftop systems, geothermal energy, carbon credits, direct air carbon capture, energy-efficiency solutions and emissions measurement, alongside emerging opportunities in agritech and waste management.The webinar identified building retrofits, waste management and e-mobility as particularly immediate opportunities for Indian businesses. The UAE’s ambition to reduce landfill dependency could create significant demand for Indian waste-management technologies and operating models, while India’s experience in electric motorcycles and building retrofits offers potential solutions that can be adapted for the UAE market.Khan also highlighted the UAE’s drive to increase green spaces and transform desert environments, identifying opportunities for Indian agritech and water-efficient technologies.

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02.09.2026

CBUAE concludes participation in G20 Meetings in United States

ABU DHABI, 1st September, 2026 (WAM) -- The Central Bank of the UAE (CBUAE) concluded its participation in the Fourth G20 Finance and Central Bank Deputies Meeting and the Second G20 Finance Ministers and Central Bank Governors Meeting, held in Asheville, North Carolina, United States, from 29th August to 1st September 2026, under the United States’ G20 Presidency for 2026.The CBUAE delegation was led by Ebrahim Obaid Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability, and included Mohamed Hussain Al Marzooqi, Head of International Relations, and Maryam Abdulla Alzaabi, Manager, Multilateral Affairs.In his interventions, Ebrahim Obaid Al Zaabi addressed inflation expectations amid shocks and structural shifts affecting the global economy, and the role of central bank communication policies.He also outlined the challenges central banks face in conducting monetary policy amid rapid changes in the global economy, including trade and geopolitical developments, the rapid evolution of artificial intelligence, shifting supply chains, and demographic trends.On financial literacy and combating financial fraud, Al Zaabi highlighted the importance of enhancing financial literacy and equipping individuals with the knowledge and skills needed to make informed financial decisions and reduce fraud risks, alongside institutional measures supporting consumer protection.He also addressed the importance of strengthening information sharing and coordination between the public and private sectors, as well as international cooperation to combat cross-border financial fraud.This participation forms part of the CBUAE’s continued engagement in international economic and financial forums, reflecting the UAE’s active role in supporting efforts to enhance the stability of the global financial system and keep pace with its ongoing transformation.

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