Sheikh Mohammed announces new ministry in UAE government
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announced the formation of a new ministry in UAE government.
Sheikh Mohammed said on X, "Brothers and sisters... after consultation with my brother, the President of the State – may God protect him – and with his approval, we announce today several changes in the UAE government as follows:
The name of the Ministry of Economy is changed to "Ministry of Economy and Tourism."
A new Ministry of Foreign Trade is being established within the UAE government, and Dr. Thani Al Zeyoudi has been appointed as the Minister of Foreign Trade.
The Ministry of Economy will be renamed to the Ministry of Economy and Tourism, and Abdullah Bin Touq Al Marri will lead it.
The National Artificial Intelligence System is approved as an advisory member of the Cabinet.
"We also announce that the National Artificial Intelligence System will be approved as an advisory member in the Cabinet, the Ministerial Council for Development, and the boards of all federal entities and government companies starting from January 2026.
This aims to support decision-making in these councils, conduct real-time analysis of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UAE Moments
18 minutes ago
- UAE Moments
Sheikh Mohammed Announces an AI System as UAE Cabinet Member
The Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid, announced that an AI system will serve as an advisory member of the UAE Cabinet. H.H. Sheikh Mohammed said on Friday, June 20, that the National Artificial Intelligence System will join the UAE Cabinet as an advisory member from January 2026. The Ruler of Dubai wrote on X, "We also announce that the National Artificial Intelligence System will be adopted as an advisory member of the Cabinet, the Ministerial Development Council, and all boards of directors of federal entities and government companies, starting in January 2026." He added, "The goal is to support decision-making in these councils, conduct immediate analyses of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors."
Tourism Breaking News
29 minutes ago
- Tourism Breaking News
UAE unveils major government restructuring to boost Trade, Tourism, and AI Integration
Post Views: 90 In a significant move to strengthen the UAE's global economic position and future-readiness, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced a series of strategic changes in the federal government structure. The current Ministry of Economy will be renamed the Ministry of Economy and Tourism, highlighting the vital role tourism continues to play in the country's economic diversification strategy. The ministry will continue to be headed by HE Abdullah bin Touq Al Marri. Among other key changes is the establishment of a dedicated Ministry of Foreign Trade, with HE Dr. Thani Al Zeyoudi appointed as its Minister. This new ministry reflects the UAE's growing focus on expanding its global trade footprint and fostering international economic partnerships. Additionally, in a landmark development, Sheikh Mohammed also announced the integration of the National Artificial Intelligence System as an advisory member in the UAE Cabinet, the Ministerial Development Council, and all federal boards of directors, effective January 2026. The AI system will provide real-time analysis, technical advice, and policy insights to enhance government decision-making and overall efficiency across sectors.
TECHx
2 hours ago
- TECHx
UAE Tops in Attracting AI and Skilled Talent in 2024
Home » Latest news » UAE Tops in Attracting AI and Skilled Talent in 2024 The UAE tops the Middle East and North Africa region as a leading destination for foreign direct investment (FDI), ranking 10th globally in 2024, according to the United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2025. The country achieved AED 167.6 billion (USD 45.6 billion) in FDI inflows, marking an unprecedented growth amid a challenging global landscape. The UAE Foreign Direct Investment Report 2025, issued by the Ministry of Investment, revealed the nation's strong performance in attracting capital across strategic sectors. Despite global uncertainties, the UAE maintained its position as a preferred destination for investors. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, announced that the country accounted for 37% of all FDI inflows into the region in 2024. He highlighted that out of every $100 invested in the region, $37 comes to the UAE. The country also ranked second globally in the number of newly announced FDI projects, following the United States. The report showed a 48% increase in FDI inflows compared to the previous year. The UAE's goal is to attract AED 1.3 trillion in FDI over the next six years, further boosting its economy. Despite a global slowdown in greenfield FDI projects, the UAE recorded a 2.8% growth, reaching AED 53.3 billion (USD 14.5 billion) in announced greenfield investments. It ranked second globally with 1,369 new greenfield projects announced in 2024. The Ministry of Investment leads efforts to create a flexible and competitive environment for global capital. It works closely with federal and local authorities, investment agencies, and private sector partners to develop policies that enhance the UAE's attractiveness as an investment hub. Annual FDI inflows have risen steadily from AED 31.6 billion (USD 8.6 billion) in 2015 to AED 167.6 billion in 2024. The cumulative FDI stock reached USD 270.6 billion, reflecting a compound annual growth rate of 10.5% over nine years. Mohamed Hassan Alsuwaidi, Minister of Investment, stated that this FDI growth reflects the UAE's strategic vision and long-term leadership. He added that the ministry remains committed to providing a competitive business environment and regulatory framework aligned with national priorities. Key economic sectors driving FDI include software and IT services (11.5%), business services (9.7%), renewable energy (9.3%), coal, oil, and gas (9%), and real estate (7.8%). The energy sector attracted AED 4.8 billion (USD 1.3 billion) in greenfield FDI, supporting the UAE's goal to triple renewable energy production by 2030. The UAE's policies on full foreign ownership in mainland companies, a 9% corporate tax rate, streamlined licensing, and legal protections have fostered investor confidence. The Dubai International Arbitration Centre strengthens investor protection further. The country also ranks fifth globally in attracting highly skilled talent, according to the 2024 Global Talent Competitiveness Index by INSEAD. It ranks third in attracting AI talent, based on Stanford University's 2024 AI Index. The UAE's global partnerships support its investment environment, with 21 Comprehensive Economic Partnership Agreements and 120 bilateral investment treaties in place. Digital transformation investments continue to grow. For example, the USD 1.5 billion joint venture between Microsoft and Abu Dhabi-based G42 aims to advance AI capabilities and innovation. The National Investment Strategy 2031 targets doubling annual FDI inflows by 2031, aiming for AED 2.2 trillion in cumulative FDI. It focuses on priority sectors such as advanced manufacturing, renewable energy, financial services, and IT, emphasizing sustainability and innovation. Key Points: UAE attracted AED 167.6 billion in FDI inflows in 2024, ranking 10th globally. The country accounted for 37% of regional FDI inflows and ranked 2nd in new FDI projects. The National Investment Strategy 2031 aims to double FDI inflows, focusing on key sectors and innovation. This report confirms the UAE's position as a stable and attractive destination for foreign direct investment, supported by strong policies, strategic partnerships, and ongoing economic diversification. Source: Dubai Media Office
