Browsing: UAE

• IDB’s participation underscores its commitment to advancing joint initiatives that enhance global investment landscapes.
• The bank is committed to offering innovative trade finance solutions that facilitate seamless capital flows and enhance bilateral trade and investment activities.
• AIM Congress 2025 will provide a unique opportunity for engagement with top-tier investors, industry leaders, policymakers, and business executives.

International Development Bank (IDB) is proud to participate as a Gold Sponsor in the Future Finance portfolio at the 14th AIM Congress, taking place from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre.

AIM Congress, supported by over 400 local and international partners, serves as a key platform for fostering collaboration, strengthening global financial cooperation, and showcasing the financial sector’s role in driving innovation and economic growth. The event highlights lucrative investment opportunities and facilitates meaningful connections between investors and decision-makers worldwide.

IDB’s participation underscores its commitment to advancing joint …

• UAE’s Ministry of Tolerance and Coexistence has announced the 3^rd edition of the “World Governments as Incubators for Tolerance” Conference at AIM Congress 2025.
• The forum will deliberate on effective frameworks and mechanisms for embedding a culture of tolerance as a foundational element in constructing stable and sustainable societies.
• Delegates to engage on how to foster mutual understanding and respect in tackling global challenges, including inequality and social unrest, often stemming from cultural disparities and ideological divides.​

In its ongoing commitment to fostering global values of tolerance and coexistence, the Ministry of Tolerance and Coexistence is set to organize the third edition of the “World Governments as Incubators for Tolerance” conference.

Under the theme “A Balanced Approach to Prosperity,” this event will convene during the second day of the AIM Congress 2025, scheduled from April 7 to 9 at the Abu Dhabi National Exhibition Centre (ADNEC).

The …

• The UAE Society of Engineers invites innovators to participate in the third edition of the Excellence and Creative Engineering Award.
• It aims to promote the importance of national engineering work.
• The application period will remain open until November 15, 2024.

UAE Engineering Award is inviting innovators across the Middle East nation to showcase their groundbreaking ideas in the highly anticipated third edition of the competition. In a statement, the organizers said UAE’s Excellence and Creative Engineering Award is a unique opportunity to present outstanding work that reflects their commitment to quality and innovation in this field.

The UAE Society of Engineers emphasizes the importance of active participation in such initiatives, which enhance the status of the engineering sector and contribute to its development on both national and international levels.

The Excellence and Creative Engineering Award is the first of its kind in the UAE. It aims to promote the importance …

• AIM Congress 2025 will explore the latest trends and developments shaping global investment, focusing on addressing current and future challenges.
• Key segments of next year’s edition include FDI, Start-ups, global manufacturing, and digital transformation among others.
• HE Al Zeyoudi: “AIM Congress will provide a crucial platform for the international community to come together, devise innovative investment strategies, and build a framework that ensures sustainable and inclusive growth for all.”

Once again, the City of Abu Dhabi in the UAE is gearing up to host the 14th edition of AIM Congress 2025, with planners of the global showpiece projecting to host over 25,000 participants.

In an announcement Wednesday, the Organising Committee of AIM Congress says the 2025 showcase will take place from April 7-9, under the theme “Mapping the Future of Global Investment: The New Wave of a Globalized Investment Landscape – Towards a New Balanced World Structure”.

Taking place at …

• These businesses, along with their affiliates in Kenya, Uganda, Somalia, Cyprus and UAE form the backbone of a sophisticated network that launders millions of dollars for Al-Shabaab.
• US says firms such as Nairobi-based Crown Bus Services and other investment projects that masquerade as legit commercial ventures, empower Al-Shabaab’s lethal agenda.
• Al-Shabaab is estimated to siphon over $100 million per year from the regional and global financial system.

The US, through its Department of the Treasury’s Office of Foreign Assets Control (OFAC), has cast a wide net across the UAE, Kenya, Uganda, and Somalia, targeting entities and individuals with wide-ranging sanctions for their complicity in financing Al-Shabaab terror network.

This designation, enveloping 16 entities and individuals, reveals the intricate web of financial operations spanning from the Horn of Africa to the opulent corridors of the United Arab Emirates (UAE) and the serene island nation of Cyprus.

This sprawling network, carefully pieced …

• The 2024 Henley Passport Index has revealed that African passports still pull teeth in global mobility powerplay, failing to reach the top ten or at least the top fifteen of the annual index.
• In contrast, oil-rich UAE has added 106 destinations to its visa-free score over the past decade.
• Overall, the average number of destinations travelers can access visa-free has nearly doubled from 58 in 2006 to 111 in 2024.

The 2024 Henley Passport Index has been released, and the passport power ranking has exposed several interesting issues, including the ascent of unprecedented nations to the top.

Despite massive investments in the aviation and inter-regional ground transport infrastructure sector by African governments such as Tanzania, Kenya, Rwanda, and Ethiopia, African countries still struggle to make it into the top ten or at least the top fifteen of the annual index.

On the other side of the aisle, the United Arab …

• The reward for fixing the carbon credit trade could be enormous, especially for Africa’s energy transition.
• The $2 billion global trade in voluntary carbon markets (VCMs) has suffered from greenwashing allegations, with prices plummeting from the 2022 peaks.
• For some African climate-linked businesses, the successful functioning of the carbon credits market is not a nice one but is core to their operating strategy.

Highly indebted nations need all the financing available to support their energy transition and climate adaptation needs. With the developed world lagging on its climate funding pledges, market-based solutions provide a supplementary funding source.

Carbon credits, a tradeable instrument obtained when a tonne of carbon is avoided or withdrawn from the atmosphere, have always offered significant optimism. With swaths of carbon-capturing biodiversity in the global south, Africa has the supply, while the industrialised nations looking to offset their emissions have the demand. Buyers then channel the finances …

• Global oil and gas producers have remained under immense pressure to show more goodwill in the energy transition agenda.
• As this year’s climate summit enters its homestretch, the most intriguing question is whether the final accord will pledge to reduce fossil fuels.
• The oil and gas industry’s confidence has also caused tension with renewable groups and climate activists.

The 2015 Paris Agreement establishes measures and conditions requiring all member states to mitigate climate change through emission reductions. Further, Goal 7 of the 2030 Agenda for Sustainable Development calls for concerted efforts to ensure access to modern, cleaner forms of energy, while Goal 13 calls for action to combat climate change.

Consequently, the global energy transition is on the cards. There have been calls from the global north to the south for the world to find a proper compromise on energy needs even as climate change effects put sterner demands on …

• The AfDB and Prince Trust International have signed a deal to address youth unemployment while scaling up human capital and entrepreneurship.
• The MOU commits both institutions to collaborate to identify and develop partnership opportunities to mainstream employability skills for technical and vocational education and training (TVET) projects funded by the Bank.
• The Prince’s Trust will participate in preparing, designing, implementing and monitoring TVET and skills development projects.

Youth unemployment, human capital, and entrepreneurship opportunities in the continent are set to be addressed through an agreement signed by the African Development Bank (AfDB) and Prince’s Trust International.

The MOU commits both institutions to work together to identify and develop partnership opportunities to mainstream employability skills for technical and vocational education and training (TVET) projects funded by the Bank in countries of common interest.

Skills development to tackle youth unemployment

The Prince’s Trust will participate in preparing, designing, implementing and …

As COP28 unfolds with its myriad discussions and commitments, a less visible but equally critical issue looms on another continent – the pervasive problem of greenwashing in Africa. From the corridors of corporate power to the burgeoning startup ecosystem, greenwashing emerges as a misleading marketing tactic and a significant barrier to genuine environmental and social progress in Africa.

In Africa’s corporate sector, greenwashing has become a strategic tool used by both corporations and governments to cover up environmentally detrimental practices. This issue is acutely critical in a continent where environmental conservation is not just a matter of policy but survival.…