Latest news with #theUAE2031
Arabian Post
29-06-2025
- Business
- Arabian Post
DubaiNow Opens Door to Instant Credit Access
Arabian Post Staff -Dubai Dubai residents can now view their personal credit report and credit score directly within the DubaiNow app following a newly launched integration with Etihad Credit Bureau. The partnership enables users to access crucial credit information with a single tap—bringing financial insights closer to everyday urban life. Officials emphasise that this move reflects a strategic direction toward seamless digital service delivery. Marwan Ahmad Lutfi, Director General of Etihad Credit Bureau, underscored the bureau's commitment to national digital transformation, noting the use of advanced APIs to simplify user access to credit data. Matar Al Hemeiri, CEO of Digital Dubai Government Establishment, added that the integration reinforces Dubai's position as a hub for digital innovation and aligns with the 'We the UAE 2031' vision for a connected, smart society. ADVERTISEMENT DubaiNow, developed by Digital Dubai, offers over 300 services — ranging from bill payments and health records to official documentation. The inclusion of credit reports and scores builds on its role as a one-stop platform for private and government services. This feature eliminates the need for separate logins or visits to multiple platforms—credit information is now readily accessible to users seeking clarity on their financial standing. Earlier, Etihad Credit Bureau successfully integrated with Abu Dhabi's TAMM platform, and this step represents a widening push across emirates to bridge credit services with digital portals. Sources highlight that such integrations are part of a broader effort to promote financial literacy, transparency, and empowered decision‑making among residents. Access to credit scores supports informed borrowing and better personal finance management. Although specific usage metrics have not been disclosed, industry analysts see significant potential. By delivering real-time credit insights directly inside an app used daily by millions, the integration might reduce friction in credit awareness, which could lead to more responsible lending and borrowing—even small improvements in payment discipline or credit visibility can have outsized impact on personal financial health. Affordability remains a factor: Etihad Credit Bureau's website lists the cost of a personal credit report at AED 84, with a standalone credit score costing AED 10.50. However, it is not yet clear whether these fees apply within DubaiNow or if special rates have been arranged for app users. Users should check within the app for pricing details. Security is paramount. Etihad Credit Bureau employs stringent data encryption and authentication measures to protect sensitive credit information. DubaiNow leverages UAE Pass for identity verification, ensuring that only authorised individuals access their own financial data. The integration occurs amid rapid digital government expansion across the Gulf, where unified platforms are central to delivering frictionless user experience. By adding credit insights to DubaiNow, authorities anticipate a future where financial and administrative services converge—expected to boost efficiency for users and public institutions alike. Going forward, observers expect Etihad Credit Bureau to extend integration to further emirate-level services and fintech platforms, creating a comprehensive, country-wide credit information network. Proponents argue such a system would enhance economic resilience by embedding credit awareness into everyday digital interactions.
Mid East Info
12-06-2025
- Business
- Mid East Info
Etihad Credit Insurance (ECI) wins ‘Deal of the Year' award during its participation as strategic sponsor at TXF Global 2025 conference in Copenhagen
Etihad Credit Insurance ECI, the UAE's federal export credit company, participated as a strategic sponsor in the TXF Global 2025 conference, held in Copenhagen, Denmark, from June 10 to 12, 2025. As one of the world's leading international trade and project finance conferences, the event brought together over 1,500 participants from export credit agencies, project finance experts and leaders from around the globe. The participation and recognition emphasized ECI's ongoing commitment to enhancing its global presence and strengthening its position as a key enabler of the UAE's non-oil exports while supporting the 'We the UAE 2031' vision, which seeks to double the volume of UAE exports and expand its base in global markets, by building more financial partnerships. During the event, ECI was honored with the 'TXF Commodity Trader Export Finance Deal of the Year 2024' award in recognition of its pivotal role in supporting the exports of Trafigura, one of the world's leading companies in the commodities sector. The award highlights a successful collaboration between ECI, Abu Dhabi Exports Office (ADEX), First Abu Dhabi Bank (FAB), and Natixis Corporate & Investment Banking (Natixis CIB), aimed at facilitating Trafigura's global acquisition of non-oil UAE-originated commodities and enhancing the integration of UAE products into international supply chains. Her Excellency Raja Al Mazrouei, CEO of Etihad Credit Insurance, said: 'Our participation in TXF Global 2025, a key platform in the export finance sector, underscores ECI's dedication to cultivating and strengthening strategic alliances as well as keeping pace with the evolving global trade dynamics. Receiving the 'Deal of the Year' award reaffirms the vital role ECI plays in supporting the UAE's non-oil exports through innovative financing solutions that drive national economic growth and promote the diversification of the country's exports.' Her Excellency added: 'This award reflects our successful efforts in executing a strategic, first-of-its-kind transaction in collaboration with our valued partners – Abu Dhabi Exports Office, First Abu Dhabi Bank, and Natixis. The initiative is a significant step towards expanding the country's exports of essential commodities and highlights the competitiveness of the UAE's investment and trade environment. We remain committed to strengthening partnerships with international institutions and delivering value-added services that empower Emirati companies to expand confidently into global markets.' The TXF Global 2025 conference featured several high-level sessions and discussions on the future of trade finance, sustainable financing solutions for green projects, and experiences of export credit agencies around the world. During the conference, ECI held bilateral meetings with international stakeholders, exploring new collaboration opportunities with financial institutions, development banks, and other financing agencies.
Al Etihad
03-06-2025
- Business
- Al Etihad
UAE to implement Midday Break from June 15 - September 15, marking its 21st year of implementation in 2025
3 June 2025 15:42 ABU DHABI (WAM)The UAE Ministry of Human Resources and Emiratisation (MoHRE) has announced the implementation of the Midday Break, prohibiting work under direct sunlight and in open-air spaces between 12:30 pm and 3:00 pm every day, from June 15 until September 15, in its 21st consecutive year, the Midday Break is rooted in a sustainability-centred approach that the UAE implements in line with its commitment to providing a safe working environment, as per international best practices, and occupational health and safety protects workers from injuries and illnesses caused by working in high temperatures during the summer Ali Al Nassi, Assistant Undersecretary for Inspection & Compliance at MoHRE said, 'The Midday Break has achieved a record compliance rate of more than 99% for several years in a row, in a clear indication of the firmly entrenched social and humanitarian values among the business community and private sector companies in the UAE. "This also highlights the high level of awareness regarding the need to protect human capital - the most valuable resource in any company - reflecting the commendable and people-centred nature of labour regulations and practices embraced in the UAE, especially with regards to occupational health and safety.'Al Nassi highlighted the Ministry's commitment to raising awareness among establishments and their workers about the importance of adhering to the provisions of the Midday Break through field visits by inspectors to workplaces and labour accommodations. This contributes to enhancing awareness of occupational health and safety requirements and protecting workers from heat-related her part, Dalal Alshehhi, Acting Assistant Undersecretary for Labour Protection at MoHRE, said, 'The Midday Break has become a prime example of constructive partnerships between the Ministry of Human Resources and Emiratisation, the private sector, and the wider community, with many partners developing their own initiatives to support workers while the Midday Break is in effect,' Alshehhi added.'This reinforces the principle of social responsibility and ensures the success of our awareness strategies, further embedding humanitarian values in the UAE's work environment, which welcomes more than 200 nationalities to live, work, and invest, in line with the objectives of the 'We the UAE 2031' vision," Al Shehhi commended private sector establishments taking the initiative over recent years to provide fully equipped rest areas designed to ensure workers' utmost comfort during the daily Midday Break, and thus demonstrating the establishments' strong commitment to ensuring workers' wellbeing before they resume their daily duties after the urged all private sector establishments to adopt similar initiatives, which have a positive impact on workers' health and contribute to enhanced productivity. Break Requirements Under the terms of the Midday Break, companies are required to provide necessary supplies and arrangements, including shaded areas to protect workers from the sun during the break or while performing permitted must also ensure appropriate cooling equipment is available, such as fans, adequate quantities of drinking water, and hydration supplements like electrolytes as approved for use by local authorities, along with other amenities and first-aid supplies at the worksite. Exemptions The Midday Break regulations take into account the need for continuity in certain types of work that serve public interests. Exemptions apply to tasks that must continue uninterrupted for technical reasons, such as laying asphalt or pouring concrete when it is unfeasible to complete these activities after the exclusions include work required to address hazards or repair issues that impact the community, such as disruptions to water or electricity supply, traffic congestion, and malfunctions in basic exemption also covers activities that require a permit from a competent government authority due to their impact on public life and works to assess the level of compliance with the Midday Break requirements among companies, using its monitoring system throughout the duration of the the Ministry welcomes reports of harmful practices or violations flagged by members of the community through its call centre at 600590000, website, or smart warned that violating companies will be fined Dh5,000 for every worker per breach, up to a maximum of Dh50,000 if several workers were found to be in violation. The Ministry will also escalate its awareness campaigns and field visits, in coordination with its public and private sector partners, to educate workers and employers about the provisions of the Midday Break and the necessity to comply with regulations in that regard.
Hi Dubai
02-06-2025
- Business
- Hi Dubai
UAE Launches Chief AI Officers Training Programme to Drive Tech Leadership
The UAE Government has launched an executive training programme for Chief AI Officers, marking a major step in strengthening the country's leadership in artificial intelligence and future technologies. Led by the Office of Artificial Intelligence, Digital Economy, and Remote Work Applications, the initiative is run in partnership with the University of Birmingham in Dubai. The programme aims to equip AI leaders across federal entities with advanced knowledge and skills to drive smart transformation across sectors. Minister of State for Artificial Intelligence Omar Sultan Al Olama said the programme reflects the UAE's commitment to investing in talent and building a tech-driven future. 'Empowering leaders with the right tools and knowledge fuels national ambitions and enables innovation,' he said. The two-week training blends academic theory with hands-on learning. Participants explore the latest AI trends, governance frameworks, and real-world applications in areas such as healthcare, cybersecurity, energy, urban development, and entrepreneurship. The curriculum also covers ethics, regulations, machine learning, and generative AI. Chief AI Officers were nominated following a UAE Cabinet decision led by His Highness Sheikh Mohammed bin Rashid Al Maktoum. Selection was based on candidates' ability to lead AI integration within their organisations and align with national strategic goals. Delivered by global experts, the programme also encourages dialogue between UAE officials and international thought leaders, creating space for exchanging insights and best practices. This initiative supports the UAE Artificial Intelligence Strategy 2031 and the broader 'We the UAE 2031' vision, reinforcing the country's position as a global hub for digital transformation and innovation. News Source: Emirates News Agency
Web Release
24-05-2025
- Business
- Web Release
Ministry of Economy participates in 4th ‘Make it in the Emirates' Forum to promote innovation and industrial sustainability
The Ministry of Economy participated in the fourth edition of the 'Make it in the Emirates' Forum, in the presence of H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. Organized by the Ministry of Industry and Advanced Technology, the event took place recently at ADNEC Centre, Abu Dhabi, under the theme 'Advanced Industries. Accelerated.' The forum seeks to foster innovation, boost economic diversification and industrial sustainability, and position the UAE as a global destination for future industries, while also encouraging investors, innovators, and project developers to localize manufacturing. H.E. Dr. Al Zeyoudi emphasized that the UAE, under the directives of its wise leadership, continues to foster a favorable trade and investment environment to support national industrial products in line with international best practices. The country aims to enhance the global and regional competitiveness of its products by strengthening economic partnerships with key strategic markets via the Comprehensive Economic Partnership Agreements (CEPAs). These agreements play a crucial role in opening up new export opportunities and expanding market access for national industrial products, supporting the national goal of increasing non-oil exports to AED 800 billion by 2030, in line with the 'We the UAE 2031' vision. His Excellency stated: 'The forum serves as a key national platform for advancing the UAE's industrial sector, promoting partnerships in future industries, and sharing expertise in industrial design and relevant advanced technologies. This enhances our nation's transition into a sustainable knowledge and innovation-based economy.' H.E. added that the Ministry's participation reflects its commitment to supporting the national efforts aimed at creating an advanced industrial ecosystem and promoting sustainable growth. It also enables national industrial capabilities that contribute to developing high-quality local products capable of competing in global markets. Furthermore, the Ministry's participation in the forum aligns with its goal to enhance the benefits of its 'Green Intellectual Property' initiative that integrates intellectual property into sustainability, green energy, and clean energy sectors. At its forum pavilion, the Ministry showcased its projects and initiatives related to intellectual property, innovation, and industrial sustainability, underscoring its support for entrepreneurs and startups seeking to expand into advanced industrial markets from the UAE, as well as the various opportunities it offers in this regard. The Ministry's participation also contributed to enhancing engagement with private sector companies operating in industrial sectors locally and internationally, encouraging them to grow their businesses and product lines within the UAE market by leveraging the country's enabling business environment.
