Latest news with #Centennial2071
Gulf Today
6 days ago
- Business
- Gulf Today
DSO opens registration for the third cohort of the MIT DesignX
Dubai Silicon Oasis (DSO), the special economic zone for knowledge and innovation, and a member of the Dubai Integrated Economic Zones Authority (DIEZ), has announced that registration is now open for the third cohort of the MIT DesignX Dubai Accelerator Programme (MDXB). Held in partnership with the Massachusetts Institute of Technology (MIT) and Global Growth Hub, the programme will run from 20 October 2025 through 28 January 2026 at Dubai Silicon Oasis. The third cohort of the MIT DesignX Dubai Accelerator Programme will bring together 12 innovative teams focused on developing sustainable solutions to some of today's most pressing urban challenges. The programme will focus on five key sectors of strategic importance - real estate, design and architecture, transportation and logistics, sustainability, and health, each aligned with Dubai's long-term vision for smart, resilient and future-ready cities. This edition builds on the success of previous cohorts. In the first cohort, Othalo secured a $200,000 investment for their pioneering solution that transforms plastic waste into housing for underserved communities. In the second cohort, Theion was awarded Dhs 100,000 in recognition of their work in crystalline lithium-sulfur battery technology, a significant advancement in energy innovation. In addition, they received a year-long business setup at the Dubai Technology Entrepreneur Campus (Dtec), the largest tech-focused coworking space of its kind in the Mena region and a key initiative of Dubai Silicon Oasis, providing them with a launchpad to scale their innovation within the UAE's growing digital economy. A Platform for Future-Ready Talent Badr Buhannad, Director General of Dubai Silicon Oasis, said: 'The launch of the third edition of the MIT DesignX Dubai Accelerator Programme marks a key step in Dubai's continued efforts to position itself as a global hub for sustainable innovation and high-impact entrepreneurship. The initiative reflects our commitment to attracting top talent from around the world and empowering them to develop solutions that address complex urban challenges, in line with the UAE Centennial 2071 plan and the Dubai Urban Master Plan 2040. 'Through this Programme we are providing a unique platform that brings together international academic excellence, world-class infrastructure, and a supportive investment ecosystem. Our aim is to enable breakthrough ideas to evolve into viable ventures that contribute to a more sustainable, inclusive, and future-ready urban environment. We look forward to welcoming a new generation of innovators who will help shape the smart and sustainable cities of tomorrow,' Buhannad added. Gilad Rosenzweig, Executive Director of DesignX at MIT, said: 'Our continued partnership with DIEZ through the DesignX Accelerator Programme at Dubai Silicon Oasis reflects MIT's broader commitment to advancing innovation with global relevance. Hosting this Programme in Dubai reinforces the city's position as a regional leader in technology, sustainability, and urban development. The initiative highlights the strength of collaboration between academic excellence and an enabling entrepreneurial ecosystem - bringing together the tools, talent, and environment needed to address complex urban challenges with real-world impact. Specialized Support and Business Acceleration Participants will receive mentorship from MIT faculty and alumni, the support of student interns from the Institute, and benefit from intensive workshops and the MIT DesignX interactive guide, ensuring all participating startups make quick strides toward scaling and executing their innovation. In addition to the benefits of the accelerator material, at the pitch day one team will also receive a monetary prize in recognition of the strength and scalability of their solution. Five additional teams will be granted free business setup within Dubai Silicon Oasis and gain entry to the UAE market through the comprehensive institutional framework offered by DIEZ's three economic zones: Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity. All selected teams will receive complimentary 24/7 access to advanced workspaces at the Dubai Technology Entrepreneur Campus (Dtec), along with reduced licensing fees and ongoing institutional support. Applications Now Open Applications for the third cohort of the MIT DesignX Dubai Accelerator Programme is open now through 15 August 2025. The third cohort of the MIT DesignX Dubai Accelerator Programme will bring together 12 innovative teams focused on developing sustainable solutions to some of today's most pressing urban challenges. The programme will focus on five key sectors of strategic importance - real estate, design and architecture, transportation and logistics, sustainability, and health, each aligned with Dubai's long-term vision for smart, resilient and future-ready cities. This edition builds on the success of previous cohorts. In the first cohort, Othalo secured a USD 200,000 investment for their pioneering solution that transforms plastic waste into housing for underserved communities. In the second cohort. Twelve teams will be selected to develop sustainable urban solutions in an MIT designed accelerator.
Dubai Eye
6 days ago
- Business
- Dubai Eye
Ministry of Finance launches 2027–2029 budget cycle
The UAE Ministry of Finance has launched the federal general budget cycle for the 2027-2029 period, marking a new phase in strengthening the country's financial system. It focuses on key sectors like education, healthcare and social welfare, with the aim of improving service quality and supporting long-term national goals, including the UAE Centennial 2071. The new budget is designed to boost fiscal sustainability and has a strong focus on empowering federal entities to deliver top-tier services. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, says the budget reflects a proactive and flexible approach to financial planning. The Ministry highlighted the success of the past four budget cycles, which saw nearly AED 900 billion allocated in line with national priorities. Public debt levels remain stable at just over AED 62 billion as of June 2025, while federal assets have grown to more than AED 464 billion by the end of 2024, reflecting the strength of the UAE's financial position. Ministry of Finance launches the federal general budget cycle for the 2027–2029 period, marking a new step in the continuous development of the government's financial system. The move aims to enhance fiscal sustainability and aligns with the wise leadership's vision for a more… — Dubai Media Office (@DXBMediaOffice) July 16, 2025
ARN News Center
6 days ago
- Business
- ARN News Center
Ministry of Finance launches 2027–2029 budget cycle
The UAE Ministry of Finance has launched the federal general budget cycle for the 2027-2029 period, marking a new phase in strengthening the country's financial system. It focuses on key sectors like education, healthcare and social welfare, with the aim of improving service quality and supporting long-term national goals, including the UAE Centennial 2071. The new budget is designed to boost fiscal sustainability and has a strong focus on empowering federal entities to deliver top-tier services. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, says the budget reflects a proactive and flexible approach to financial planning. The Ministry highlighted the success of the past four budget cycles, which saw nearly AED 900 billion allocated in line with national priorities. Public debt levels remain stable at just over AED 62 billion as of June 2025, while federal assets have grown to more than AED 464 billion by the end of 2024, reflecting the strength of the UAE's financial position. Ministry of Finance launches the federal general budget cycle for the 2027–2029 period, marking a new step in the continuous development of the government's financial system. The move aims to enhance fiscal sustainability and aligns with the wise leadership's vision for a more… — Dubai Media Office (@DXBMediaOffice) July 16, 2025
Al Etihad
6 days ago
- Business
- Al Etihad
MoF launches 2027–2029 budget cycle with flexible vision focused on sustainability, efficiency, artificial intelligence
16 July 2025 17:12 DUBAI (ALETIHAD)The Ministry of Finance has launched the federal general budget cycle for the 2027–2029 period, marking a new step in the continuous development of the government's financial move aims to enhance fiscal sustainability and aligns with the wise leadership's vision for a more flexible and innovative new cycle reflects the evolution of the general budget from a yearly planning tool into a strategic instrument that empowers federal entities to achieve their objectives efficiently and launch coincided with the unveiling of the federal government's new strategic planning cycle, 'Towards Achieving We the UAE 2031', by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of announcement reflects the government's commitment to integrating efforts and enhancing coordination to achieve the nation's future goals.H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, stressed that the 2027–2029 federal budget cycle will play a key role in the development of the UAE's public financial system and is part of a government approach driven by proactivity, flexibility, and policy noted that the Ministry of Finance is committed to redefining the role of the budget from a traditional resource allocation framework to a strategic enabler for mega national objectives. These include strengthening global competitiveness, accelerating digital transformation, and reinforcing the UAE's position as a leading international financial hub.'Achieving the ambitions of the UAE Centennial 2071 requires a financial system that is agile and future-focused, a system that can respond to global shifts and direct government spending toward high-impact opportunities,' H.H. Sheikh Maktoum bin Mohammed said.'To that end, the MoF is investing in smart tools and advanced analytical models that ensure financial efficiency, optimise impact, and enable data-driven decision-making aligned with the nation's developmental, economic, and social goals. Our vision is to transform the federal budget into a future-ready instrument that drives sustainable growth and elevates the quality of government services to new heights,' he added. Ambitious national prioritiesThe newly launched budget cycle follows four consecutive strategic cycles during which the total federal budget reached approximately AED900 billion, aligned with ambitious national priorities. Over this period, the Ministry laid strong foundations for sound financial governance by enhancing legislative and regulatory frameworks, expanding international partnerships, and developing advanced digital financial also maintained stable public debt levels, which stood at just AED62.1 billion as of June 2025, and increased federal government assets to around AED464.4 billion by the end of 2024, underscoring the UAE's solid financial new budget cycle focuses on sectors that directly impact the lives of citizens and residents, including education, healthcare, social welfare, and core government services. It reflects a renewed vision to empower federal entities to deliver high-quality, efficient, and flexible in these vital areas is key to stimulating sustainable national development and achieving the long-term objectives of the UAE Centennial 2071. The new cycle also aligns with evolving societal aspirations by allocating resources for maximum developmental, social, and economic impact, supported by digital tools and artificial intelligence to improve planning accuracy, execution speed, and service quality. Improving institutional efficiency Meanwhile, Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, emphasised that the 2027–2029 budget cycle builds on a solid foundation of fiscal accomplishments and reflects a forward-looking vision focused on empowering government entities and aligning strategy with performance noted that the cycle integrates artificial intelligence as a key enabler of sustainable development and aims to transform the federal budget from a traditional financial tool into a flexible, strategic instrument that enhances operational efficiency, improves government performance, and supports the objectives of the UAE Centennial Hussaini added, 'The Ministry's transformation over recent years extends beyond legislative and digital reforms to include a complete redesign of the budgeting experience. The number of budget preparation steps was reduced from 50 to just 10, and procurement cycles were shortened from 60 days to under six minutes, a leap forward in institutional efficiency and performance the Ministry of Finance is no longer merely a supervisory authority but a key enabler, driving the readiness of federal entities and empowering them to fulfil their mandates effectively and innovatively within an integrated digital framework that prioritises customer satisfaction and service quality.'The new federal budget cycle for 2027–2029 represents a significant leap towards smart financial management, underpinned by modern tools and proactive on the pillars of performance-based planning and results-driven execution, this model harnesses artificial intelligence to strengthen decision-making and maximise the accuracy of resource financial planning goes beyond numerical forecasting; it is a smart system capable of generating predictive scenarios. From accelerating service delivery to streamlining operations and providing entities with access to unified, high-accuracy data, the system represents a major step forward, significantly improving the speed and quality of financial decision-making. Through this approach, the federal budget is redefined as a strategic enabler, driving operational efficiency, reinforcing financial sustainability, and solidifying the UAE's global standing as a model for advanced public financial management.
Sharjah 24
01-07-2025
- Health
- Sharjah 24
Al Qassimi Hospital pioneers pulmonary hypertension therapy
A significant shift The three successful surgeries represent a significant departure from traditional drug-based therapies, providing patients with a more effective and lasting option. A local team collaborated with Chinese professionals to carry out the treatment, which was approved by European regulators and used in about 1,000 cases globally. The next day, the doctors discharged all patients in stable health. A step towards enhancing patients' quality of life Dr Arif Al Nooryani, Director of Al Qassimi Hospital in Sharjah, described the achievement as a significant step forward in improving care for patients with chronic, difficult diseases. He emphasised the hospital's dedication to using modern therapies and enabling local medical staff to provide world-class care. Vast aspirations for national healthcare This victory improves the UAE's leadership in advanced healthcare and contributes to national goals under "We the UAE 2031" and Centennial 2071.
