Latest news with #DXBMediaOffice
Dubai Eye
6 days ago
- Business
- Dubai Eye
H.H. Sheikh Hamdan successfully concludes official visit to Oman
Via X (@DXBMediaOffice) His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister and Defence Minister, has concluded an official visit to Oman, deepening cooperation between the two Gulf neighbours. During the visit, Sheikh Hamdan was received by Sultan Haitham bin Tariq Al Said, ruler of Oman at Al-Baraka Palace in Muscat. The leaders reaffirmed the deep-rooted historical and fraternal ties between the UAE and Oman and discussed ways to strengthen collaboration across a wide range of sectors, including economy, trade, tourism, culture, defence, and technology. Sheikh Hamdan conveyed greetings from UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Vice President and Prime Minister His Highness Sheikh Mohammed bin Rashid Al Maktoum, along with best wishes for Oman's continued development and prosperity. Expanding Strategic Cooperation The visit included meetings with several senior Omani officials, such as Deputy Prime Minister for Defence Affairs, Sayyid Shihab bin Tariq Al Said, and Deputy Prime Minister for Cabinet Affairs, Sayyid Fahd bin Mahmoud Al Said. Discussions focused on advancing mutual development goals, enhancing regional stability, and promoting greater Gulf cooperation. Both sides emphasized the importance of high-level engagement and joint efforts to expand trade, investment, and private sector partnerships. Particular attention was given to strengthening defence coordination, exchanging military expertise, and enhancing operational capabilities between the two nations' armed forces. Economic Partnership in Focus Highlighting the robust economic relationship between the UAE and Oman, Sheikh Hamdan noted that non-oil trade between the two countries exceeded AED 56.1 billion in 2024, reflecting a 9.8% year-on-year increase. Oman remains the UAE's second-largest trading partner within the GCC. Officials expressed confidence in further boosting trade and tourism flows, building on shared opportunities and geographic proximity. Cultural and Developmental Vision Sheikh Hamdan also underscored the shared commitment to exchanging successful development experiences and advancing a common Gulf vision for sustainable growth. The meetings highlighted cooperation in areas such as digital transformation, education, and cultural exchange, as well as efforts to engage youth in shaping the region's future. The visit concluded with a luncheon hosted by Sayyid Theyazin bin Haitham Al Said, the Crown Prince of Oman and the Minister of Culture, Sports, and Youth. Sheikh Hamdan expressed deep appreciation for the warm hospitality extended to the UAE delegation and reaffirmed the UAE's commitment to further strengthening its strategic partnership with Oman.
Time Out Dubai
23-05-2025
- Business
- Time Out Dubai
Dubai cashless strategy: Why Dubai is moving on from physical money
Dubai big plans to eventually become a cashless city. The Dubai cashless strategy will eventually mean that all payments in the city across the government and private sectors will go digital. The initiative, first announced in October 2024, aims to ditch notes and coins for digital payments throughout the emirate. Cashless transactions are expected to hit around 90 percent of all transactions by 2026, potentially boosting economic growth by over Dhs8 billion annually. Becoming cashless does not mean that money will be abandoned altogether but, instead, payments will be digital with banking apps and credit cards currently the main way to pay without physical notes or coins. The strategy will also prioritise innovations in digital payments, including AI-driven solutions and contactless technologies to offer even more ways to pay. And the latest development by DIFC and Dubai Finance means that there will be specialised workshops to help businesses make the switch. The collab will also bring AI-driven initiatives that add value for workers, tourists and the broader community by adopting digital payments. In the presence of Ahmed bin Saeed, Dubai Finance signs a Memorandum of Understanding with the Dubai International Financial Centre to support the implementation of the Dubai Cashless Strategy. The agreement focuses on the strategy's three core pillars—governance, innovation, and… — Dubai Media Office (@DXBMediaOffice) May 16, 2025 The city plans for 100 percent of stores to accept digital payments and for everyone living in the city to be able to pay digitally. That's right, bartering at the souq with notes or rummaging around the back of the sofa for long-lost change could soon be a thing of the past. The Dubai Cashless Strategy was initially revealed late on Tuesday October 1 following a meeting of The Executive Council of Dubai. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chaired that meeting, outlining that the city aims to make itself one of the top five cashless cities in the world. .@HamdanMohammed chairs @TECofDubai's meeting; approves the Education Strategy 2033, the Real Estate Strategy 2033 and Dubai Cashless Strategy. — Dubai Media Office (@DXBMediaOffice) October 1, 2024 Dubai has also outlined that it wants to make a range of financial technology services available to people in the city. The plan to make the switch to becoming cashless has been brought about with consumers, payment service providers and merchants in mind with the move set to have a wider benefit of convenience and speedier payments throughout the emirate. At the meeting, the city also discussed its overarching real estate strategies, plans for education and the future of transport in Dubai. If you've got some spare pennies and have no idea what to do with them, then check out our guide on what to do with Dhs1 in Dubai. Looking for things to do in Dubai? 112 best things to do in Dubai in 2025 Everything to tick off your Dubai bucket list 50 free things to do in Dubai Feeling the pinch? Enter free things to do Here's how to eat at 10 expensive Dubai restaurants for less Early bird dinners, lunch specials and more
Dubai Eye
22-05-2025
- Business
- Dubai Eye
H.H. Sheikh Hamdan: Industry is key pillar of UAE's economic future
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has visited the 'Make it in the Emirates' forum, taking place at the Abu Dhabi National Exhibition Centre. Running until May 22, the forum is the UAE's flagship industrial event, showcasing the country's advanced manufacturing capabilities and its growing role as a global industrial hub. It brings together top government officials, industry leaders, and innovators to drive industrial growth and sustainability. Speaking at the event, Sheikh Hamdan emphasised that the national industrial sector is a key pillar of the UAE economy, vital for innovation, economic diversification and national sovereignty. He also highlighted the UAE's ambition to expand the sector's share of GDP, boost exports and attract high-value investments. Sheikh Hamdan toured the exhibition, exploring cutting-edge technologies from local companies in areas such as AI, robotics, energy and real estate. Hamdan bin Mohammed visits the fourth edition of 'Make it in The Emirates 2025' Forum, taking place at the Abu Dhabi National Exhibition Centre, from 19 to 22 May. The Forum highlights the UAE's advanced industrial capabilities and innovations, and its emergence as a global… — Dubai Media Office (@DXBMediaOffice) May 21, 2025
TAG 91.1
21-05-2025
- Business
- TAG 91.1
H.H. Sheikh Hamdan: Industry is key pillar of UAE's economic future
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has visited the 'Make it in the Emirates' forum, taking place at the Abu Dhabi National Exhibition Centre. Running until May 22, the forum is the UAE's flagship industrial event, showcasing the country's advanced manufacturing capabilities and its growing role as a global industrial hub. It brings together top government officials, industry leaders, and innovators to drive industrial growth and sustainability. Speaking at the event, Sheikh Hamdan emphasised that the national industrial sector is a key pillar of the UAE economy, vital for innovation, economic diversification and national sovereignty. He also highlighted the UAE's ambition to expand the sector's share of GDP, boost exports and attract high-value investments. Sheikh Hamdan toured the exhibition, exploring cutting-edge technologies from local companies in areas such as AI, robotics, energy and real estate. Hamdan bin Mohammed visits the fourth edition of 'Make it in The Emirates 2025' Forum, taking place at the Abu Dhabi National Exhibition Centre, from 19 to 22 May. The Forum highlights the UAE's advanced industrial capabilities and innovations, and its emergence as a global… — Dubai Media Office (@DXBMediaOffice) May 21, 2025
Dubai Eye
21-05-2025
- Business
- Dubai Eye
H.H. Sheikh Hamdan: Industry is pillar of UAE's economic future
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, has visited the 'Make it in the Emirates' forum, taking place at the Abu Dhabi National Exhibition Centre. Running until May 22, the forum is the UAE's flagship industrial event, showcasing the country's advanced manufacturing capabilities and its growing role as a global industrial hub. It brings together top government officials, industry leaders, and innovators to drive industrial growth and sustainability. Speaking at the event, Sheikh Hamdan emphasised that the national industrial sector is a key pillar of the UAE economy, vital for innovation, economic diversification and national sovereignty. He also highlighted the UAE's ambition to expand the sector's share of GDP, boost exports and attract high-value investments. Sheikh Hamdan toured the exhibition, exploring cutting-edge technologies from local companies in areas such as AI, robotics, energy and real estate. Hamdan bin Mohammed visits the fourth edition of 'Make it in The Emirates 2025' Forum, taking place at the Abu Dhabi National Exhibition Centre, from 19 to 22 May. The Forum highlights the UAE's advanced industrial capabilities and innovations, and its emergence as a global… — Dubai Media Office (@DXBMediaOffice) May 21, 2025
