
UAE Ministry of Industry and Advanced Technology and Airbus Partner to Boost Local Aerospace Capabilities - Middle East Business News and Information
Abu Dhabi-UAE. May, 2025 – The Ministry of Industry and Advanced Technology (MoIAT) has signed a strategic Memorandum of Understanding (MoU) with Airbus Africa and Middle East to advance the development of a domestic aerospace capability enhancement program.
His Excellency Omar Suwaina Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, and Gabriel Semelas, President of Airbus Africa and the Middle East, signed the agreement on the sidelines of Make it in the Emirates 2025, the UAE's flagship industrial platform.
The MoU establishes a framework for long-term collaboration to support the UAE's national industrial objectives, including supplier development, skills transfer, and integrating local companies into Airbus's global value chain. The initiative aligns with the UAE's National Strategy for Industry and Advanced Technology, which seeks to position the country as a global hub for future industries.
Held under the theme 'Advanced Industries. Accelerated', Make it in the Emirates 2025 is set to be the largest edition yet, featuring more than 700 exhibitors and showcasing over 3,800 locally manufactured products across over 68,000 square meters of exhibition space. The event builds on more than AED 160 billion in offtake opportunities linked to over 4,800 products identified for local manufacture.
Make it in the Emirates reinforces the UAE's commitment to advancing industry, fostering strategic partnerships, and accelerating the adoption of advanced technologies.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tahya Masr
19 minutes ago
- Tahya Masr
Yalla Group announces strong financial results in Q2, 2025, with steady growth in revenues
Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced its financial results for the second quarter (Q2) of the fiscal year 2025, ending on June 30 . In the second quarter, Yalla Group reported revenues of AED 310.7 million (US$84.6 million), up 4.1% year-on-year. Net income rose sharply to AED 134.1 million (US$36.5 million), a 16.4% increase from AED 115.3 million (US$31.4 million) in the same period of 2024. For the first half of the year, the company posted revenues of AED 618.8 million and net income of AED 267.7 million. Additionally, Yalla Group's net margin rose to 43.2% in the second quarter of 2025, underscoring the company's ongoing improvements in operating efficiency. Average Monthly Active Users (MAUs) also increased by 8.8% year-on-year, reaching 42.4 million in Q2 2025 compared to 39.0 million in the same period of 2024. Remarkable financial results Mr. Yang Tao, Founder, Chairman and Chief Executive Officer of Yalla, lauded the remarkable financial results achieved by Yalla in the second quarter saying said: 'We delivered another strong set of results in the second quarter of 2025. Our total revenues grew to 84.6 million USD, once again beating the high end of our guidance. We also made significant strides in improving our operational efficiency by optimizing user acquisition strategies and refining our internal processes, which contributed to a year-over-year improvement in our net margin to 43.2% . This impressive performance demonstrates our ability to increase user engagement across our ecosystem and achieve high-quality, efficient growth by anticipating and meeting MENA's evolving social networking and entertainment needs.' 'Throughout Yalla's history, the Company has been committed to the long-term development of MENA's local internet industry. We were one of the first to explore online entertainment in the region, and over the past 10 years, our team has grown from 6 people to over 800 employees, serving over 40 million MAUs across the MENA region,' Tao added . He stated: 'Our product strategy prioritizes creating products with the potential to reach a massive user base, while also demonstrating a long lifecycle. We strive to develop sustainable business models for long-term growth, and we are confident that our commitment and patience will pay off as it has over the last decade. 'We will continue to refine our gaming business strategy and plan to ramp up external partnerships and our game distribution capabilities going forward to more effectively diversify our product portfolios. This will allow us to explore a broader range of game genres and offer users more diverse options, while gaining deeper insight into market dynamics and a more precise understanding of user appetites in the MENA region,' Tao noted. Sustainable growth Commending Q2 financial results, Saifi Ismail, President of Yalla Group, said: 'Our strong financial performance reflects the resilience of our business model and the strength of our user community. Such results demonstrate our ability to drive sustainable growth while continuing to deliver exceptional value to our users across the MENA region.' 'We complemented this financial success with impactful campaigns and strategic partnerships that deepened engagement. Highlights included our co-branded Yalla Ludo campaign with the Dubai Department of Economy and Tourism, which brought Dubai's cultural landmarks into gameplay, and our 9th anniversary celebrations, which set a record for gold coin consumption. These initiatives not only energized our community but also strengthened our brand's market leadership,' Ismail added . 'Looking ahead, we are committed to innovation, strategic expansion, and social impact and we will continue to enhance our product portfolio, deepen partnerships, and create meaningful experiences for our growing user base,' He stated.


Mid East Info
a day ago
- Mid East Info
17.6 million Packs of Tobacco and Taxable Beverage Containers Found Without Paid Excise Tax in 6 months - Middle East Business News and Information
AED 357 million in Tax Liabilities Uncovered by the Federal Tax Authority During 85,500 Inspection Visits to Local Markets in the First Half of 2025 Abu Dhabi, August 2025: The Federal Tax Authority has intensified its oversight efforts this year by conducting inspection campaigns across markets in the UAE, in cooperation with the relevant authorities. These efforts aim to enhance tax compliance, protect consumer rights, and combat tax evasion to ensure adherence to tax laws and procedures. In a press release issued today, the FTA announced that its inspection teams conducted a record of 85,500 field visits during the first half of this year as part of its campaigns which was conducted across local markets nationwide. The number of inspections increased by 110.7%, compared to the first half of 2024, during which 40,580 visits were conducted. The Authority also clarified that the total value of taxes and fines collected during these inspections reached AED 357.22 million, a significant rise from AED 191.75 million collected during the same period in 2024. This represented an increase of 86.29%. The Authority indicated that during field inspection visits related to excise tax in the first half of 2025, over 17.6 million non-compliant excise goods were seized, compared to 7.2 million in the same period of 2024, resulting in an increase of 144.44%. It further explained that 11.52 million packs of non-compliant tobacco products lacking Digital Tax Stamps and not registered in the Authority's electronic system were confiscated – more than double the 5.52 million non-compliant packs seized during the same period last year, marking a 108.7% increase. Additionally, the FTA seized 6.1 million other non-compliant excise goods, including soft drinks, energy drinks, and sweetened beverages. This figure is over 3.5 times higher than the 1.74 million packages of such goods seized in the first half of 2024, showing an increase of more than 250%. Sara AlHabshi, the Tax Compliance Executive Director of the Tax Affairs Sector at the FTA, emphasised the Authority's intensified efforts to monitor taxpayers' adherence to tax laws and procedures across all transactions. These efforts aim to combat tax evasion and protect consumers from the illegal circulation of taxable products that fail to meet approved quality standards in the market. She stated: 'The Authority utilises the latest digital technologies which continually enhances tax compliance and improve the efficiency of regulatory actions. These technologies are critical in monitoring and inspecting smuggled goods that fail to meet tax requirements for circulation in the UAE market.' The Tax Compliance Executive Director of the Tax Affairs Sector at the Authority further explained: 'The Authority is committed to conducting continuous inspection campaigns across UAE markets, in cooperation with relevant authorities and strategic partners. This is part of our broader mission to strengthen market oversight. These efforts rely on control mechanisms that ensure the highest standards of governance and transparency, while improving the efficiency of inspection operations, with the aim of preventing the sale, circulation, or storage of products that violate tax legislation.'


Mid East Info
a day ago
- Mid East Info
Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025 and approves dividend payment of AED 3.1 billion
Dubai, United Arab Emirates: Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), Dubai's exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2025 consolidated financial results, recording first half revenue of AED 14.6 billion, EBITDA of AED 7.0 billion, operating profit of AED 3.7 billion, net profit of AED 2.9 billion and cash from operations of AED 9.2 billion. 'DEWA is committed to be an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and Chairman of The Executive Council of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. Under their guidance, we are progressing in our journey towards Net Zero Carbon by 2050 and will continue to play a decisive role in Dubai's rapid progress,' said HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA. 'We are proud to report DEWA's strongest-ever financial results for both the 2nd quarter and first half of 2025 – a reflection of disciplined execution, growing demand, and our commitment to operational excellence. In H1 2025, we achieved AED 14.6 billion in revenue, AED 7.0 billion in EBITDA, and AED 2.9 billion in net profit – marking growth of 6.9%, 5.3%, and 13.2% respectively. Operating cash flow reached a record AED 9.2 billion, up 61.3% year-on-year. Also, we approved a dividend of AED 3.1 billion for H1, 2025, which is payable in October, 2025. To date we have invested over AED 230 billion in state-of-the-art infrastructure. Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai's sustainable development. Looking ahead, we expect consistent value creation for our stakeholders, supported by Dubai's economic growth, our robust business model and our sector leading operational benchmarks that are acknowledged to be No 1 globally.' added Al Tayer.