Latest news with #UAE-wide
The National
04-04-2025
- Business
- The National
Ajman issues new law to attract more investment in property sector
Ajman has issued a new law to develop the emirate's real estate sector further and attract more investment amid a UAE-wide property market boom. The new law issued by Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, also aims to protect the rights of investors in the real estate sector and boost transparency, Ajman Media Office said in a post on X on Friday. It also aims to incentivise real estate activity across the emirate. "The law stipulates that its provisions will apply to real estate located in areas designated by the Ruler by a special decree, including vacant land built through real estate contributions, dilapidated buildings that are being reconstructed and under-construction buildings," the post said. The announcement comes as the UAE's property market continues to perform strongly on the back of government initiatives such as residency permits for retired and remote workers, and the expansion of the 10-year golden visa programme. The overall growth in the UAE's economy as a result of diversification efforts is also supporting the property market. Ajman recorded property deals worth Dh20.5 billion ($5.58 billion) in 2024, up 21 per cent on the previous year, Wam reported in January. The total number of deals during the period stood at 15,125, with Al Jurf 1 area recording the highest sale value of Dh300 million, the report said. 'The exceptional performance of the real estate market over the past year is evidence of the sector's strength and a positive indicator that enhances Ajman's position as a premier investment destination,' Sheikh Abdulaziz bin Humaid Al Nuaimi, chairman of the Ajman Department of Land and Real Estate Regulation, said at the time. Property transactions in Dubai and Abu Dhabi also surged last year. The former recorded real estate deals worth Dh761 billion, up 20 per cent compared to 2023, with the total number of transactions for the year increasing by 36 per cent to 226,000, according to data provided by the Dubai Media Office. Abu Dhabi recorded deals valued at Dh96.2 billion in 2024. The total value of deals for the year rose by more than 10 per cent on an annual basis, while the number of transactions increased by about 24 per cent to 28,249, the Abu Dhabi Real Estate Centre said in January.
Mid East Info
05-03-2025
- Business
- Mid East Info
42 Abu Dhabi Partners with ADNOC to Empower the Next Generation of Emirati Coders - Middle East Business News and Information
The Strategic Collaboration Agreement aims at empowering young talented Emirati coders with real-world experience in energy industry applications, supporting the UAE National Strategy for Artificial Intelligence 2031 Initiatives include industry-themed programming competitions, seminars, mentorship programmes and large-scale hackathons addressing real-world challenges Abu Dhabi, UAE, March 2025: 42 Abu Dhabi has signed a Strategic Collaboration Agreement with ADNOC, aimed at empowering the next generation of young talented Emirati coders with real-world experience in energy industry applications. A key focus of the agreement is to develop industry-focused coding programs for young local talent and the wider community in Abu Dhabi, equipping them with valuable insights into the energy sector. Additional initiatives include industry-themed programming competitions and large-scale hackathons featuring real-world challenges designed to further enhance students' coding and AI skills. Through this agreement, 42 Abu Dhabi and ADNOC will also collaborate on knowledge-sharing initiatives in line with the UAE National Strategy for Artificial Intelligence 2031. Dr Ahmed Al Shoaibi, Acting CEO of 42 Abu Dhabi said: 'This agreement with ADNOC reinforces 42 Abu Dhabi's commitment to building a network of industry leaders and empowering our students with practical, industry-relevant skills. We are dedicated to supporting the UAE's digital transformation by cultivating a new generation of coders and innovators who will contribute to essential sectors. This collaboration offers our students unmatched exposure and knowledge, bridging education with industry needs and supporting the UAE's vision of a technology-driven economy.' ADNOC will further enrich the students' learning experience through mentorship opportunities, industry-specific seminars, workshops, and panel discussions, allowing them to gain invaluable insights into real-world industry dynamics. Yaser Saeed Almazrouei, ADNOC Executive Director of People, Commercial & Corporate Support said: 'ADNOC is pleased to partner with 42 Abu Dhabi to empower the next generation of young talented Emirati coders and provide them with the skills and expertise needed to advance the UAE's knowledge-based economy and strengthen its position as a global hub for innovation.' The agreement reflects a UAE-wide effort to creating a leading hub for AI and technological innovation by building a robust, industry-aligned talent pipeline for the future. 42 Abu Dhabi, the UAE capital's innovative coding school, provides a unique peer-to-peer, gamified learning methodology to prepare home-grown talent for key economic sectors and enable a tech-driven future.
Zawya
05-03-2025
- Business
- Zawya
42 Abu Dhabi partners with ADNOC to empower the next generation of Emirati coders
The Strategic Collaboration Agreement aims at empowering young talented Emirati coders with real-world experience in energy industry applications, supporting the UAE National Strategy for Artificial Intelligence 2031 Initiatives include industry-themed programming competitions, seminars, mentorship programmes and large-scale hackathons addressing real-world challenges Abu Dhabi, UAE: 42 Abu Dhabi has signed a Strategic Collaboration Agreement with ADNOC, aimed at empowering the next generation of young talented Emirati coders with real-world experience in energy industry applications. A key focus of the agreement is to develop industry-focused coding programs for young local talent and the wider community in Abu Dhabi, equipping them with valuable insights into the energy sector. Additional initiatives include industry-themed programming competitions and large-scale hackathons featuring real-world challenges designed to further enhance students' coding and AI skills. Through this agreement, 42 Abu Dhabi and ADNOC will also collaborate on knowledge-sharing initiatives in line with the UAE National Strategy for Artificial Intelligence 2031. Dr Ahmed Al Shoaibi, Acting CEO of 42 Abu Dhabi said: 'This agreement with ADNOC reinforces 42 Abu Dhabi's commitment to building a network of industry leaders and empowering our students with practical, industry-relevant skills. We are dedicated to supporting the UAE's digital transformation by cultivating a new generation of coders and innovators who will contribute to essential sectors. This collaboration offers our students unmatched exposure and knowledge, bridging education with industry needs and supporting the UAE's vision of a technology-driven economy.' ADNOC will further enrich the students' learning experience through mentorship opportunities, industry-specific seminars, workshops, and panel discussions, allowing them to gain invaluable insights into real-world industry dynamics. Yaser Saeed Almazrouei, ADNOC Executive Director of People, Commercial & Corporate Support said: 'ADNOC is pleased to partner with 42 Abu Dhabi to empower the next generation of young talented Emirati coders and provide them with the skills and expertise needed to advance the UAE's knowledge-based economy and strengthen its position as a global hub for innovation.' The agreement reflects a UAE-wide effort to creating a leading hub for AI and technological innovation by building a robust, industry-aligned talent pipeline for the future 42 Abu Dhabi, the UAE capital's innovative coding school, provides a unique peer-to-peer, gamified learning methodology to prepare home-grown talent for key economic sectors and enable a tech-driven future. About 42 Abu Dhabi 42 Abu Dhabi is an innovative and disruptive coding school, launched in 2020 as an initiative of ADEK, to drive Abu Dhabi's ongoing development through multi-faceted investments in business, innovation, and people.
