Industry Deputy Minister reviews examinations progress for applicants to obtain chartered accountant license


The Deputy Minister of Industry and Trade, Ahmed Muhammad Al-Shoutari, reviewed today,Monday, the progress of the examinations for applicants to obtain a chartered accountant’s license held at the College of Commerce and Economics at Sana’a University.

The Deputy Minister listened to an explanation from the President of the Association of Certified Public Accountants, Amin Al-Shami, and the Director General of Regulating the Auditing Profession in the Ministry, Hussein Abdul Rahim Azzan, about the progress of the examination process in which 264 accountants participate.

He praised the atmosphere in which exams are conducted and coordination and cooperation level between the Ministry and the Association in developing the accounting profession in our country, which reflects positively on economic activity in the country.

He appreciated the cooperation of the Faculty of Commerce and Economics at Sana’a University to make the examination process a success. He stressed the importance of benefiting from the acad
emic experience of Sana’a University.

Source: Yemen News Agency

Al Tayer inaugurates ‘Future of Mobility Forum’ at WGS24

DUBAI: Mattar Al Tayer, Commissioner- General for Infrastructure, Urban Planning and Well-Being Pillar, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), Dubai, inaugurated the ‘Future of Mobility Forum’ hosted by the World Governments Summit (WGS) 2024 in collaboration with RTA and the UP Summit.

‘The inspiring vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai is the key driver of Dubai’s success in delivering a unique global model. His Highness has set up and led a specialised task force to realise the city’s visionary goals. Through the strategic integration of advanced technologies and clear governmental support for innovation, Dubai has surmounted numerous challenges,’ said Al Tayer.

‘The significance of the Future of Mobility Forum at the World Governments Summit is accentuated by its alignment with global trends towards achieving sustainable solutions. The discussions in the forum wi
ll be crucial in shaping future policies and strategies of the industry, serving as a catalyst for transformative change. By convening industry experts, policymakers, and financial leaders, the forum aims to foster collaboration towards a more connected, sustainable, and efficient future for transportation worldwide,’ he commented.

Al Tayer highlighted Dubai’s global leadership in adopting a proactive approach to testing and implementing modern technologies and setting a model for embracing and promoting innovation across various fields, particularly in transportation.

He said, ‘The future of cities is intertwined with the future of mobility. This forum sets the agenda for shaping the solutions, strategies, regulations and infrastructure that will enable a shift in how people and goods flow around urban areas. Dubai, as one of the world’s most future-ready, innovative cities is the ideal platform from which to explore the future of mobility. We hope governments and municipalities around the world will take
great inspiration from our experiences, as we also seek to learn from others.’

Al Tayer highlighted the foresight of Dubai’s leadership in anticipating global trends in digital transformation and artificial intelligence. He noted that in 2016, His Highness Sheikh Mohammed bin Rashid Al Maktoum launched the Dubai Strategy for Self-Driving Transport to transition 25% of trips to self-driving modes by 2030.

‘This strategic initiative is projected to yield an estimated saving of AED 22 billion while improving the safety, efficiency, and sustainability of Dubai’s transport network. Moreover, the city is committed to a strategy of achieving zero carbon emissions by 2050, which involves an expansion of the use of electric and hydrogen vehicles in the public transport fleet. These efforts underscore Dubai’s dedication to providing innovative and sustainable solutions for a greener transportation system,’ noted Al Tayer.

Al Tayer commented, ‘Dubai’s proactive stance towards embracing and experimenting with cutting-
edge technologies reflects the emirate’s forward-thinking mindset. We recognise the importance of positioning Dubai as a leader in implementing advanced transportation solutions as well as developing supportive legislation such as laws regulating the testing and operation of autonomous vehicles. This framework facilitated the first demo of the Chevrolet Bolt electric autonomous vehicle in Dubai, making the city the first outside the United States operate such vehicles. RTA’s adoption of artificial intelligence and big data technologies in traffic management systems has enhanced traffic flow, reduced congestion, and improved the efficiency of mass transport. In fact, the punctuality of Dubai Metro trips has reached 99.7%,’ he added.

Dubai is becoming an innovation sandbox and a leading city in adopting innovative mobility solutions. RTA has organised three editions of the Dubai World Congress and Challenge for Self-Driving Transport, attracting widespread participation from experts, innovators, and investors
in the field of advanced mobility. RTA has also forged strategic partnerships with companies and entities, launching new self-driving delivery services in collaboration with Careem and Talabat. Moreover, RTA launched the world’s first self-driving abra (ferry) in 2023 as well as the world’s first aerial taxi flight trial in 2017.

More than 4,000 participants from the public and private sectors will participate in 110 interactive sessions at WGS24, including 200 speakers from 80 international, regional and intergovernmental organisations including the UN, the World Bank, the International Monetary Fund, the World Health Organisation, the International Atomic Energy Agency and the Arab League. It will also welcome eight Nobel prize winners, and provide a platform for 23 ministerial meetings in the presence of more than 300 ministers. In partnership with a select group of knowledge partners, the Summit will launch more than 25 strategic reports, focusing on the most important practices and trends in vital secto
rs.

Source: Emirates News Agency

RAKEZ initiates business outreach in India to strengthen economic ties


RAS AL KHAIMAH: Ras Al Khaimah Economic Zone (RAKEZ) engaged in a series of strategic business events in major Indian cities to strengthen economic ties and extend support to Indian investors exploring opportunities in the UAE.

The economic zone has been hosting B2B networking sessions, roundtable discussions and investor meetings in Kolkata, Mumbai, and Hyderabad, where its team is engaging with business owners and prominent business councils, including the Indian Chamber of Commerce (Kolkata) and the Federation of Telangana Chambers of Commerce and Industry.

The RAKEZ team connected with Indian investors from a wide range of sectors such as F and B, chemicals, metal, sustainable solution providers, telecommunications, engineering, construction, media, power and energy, automotive, pharmaceutical, and packaging.

RAKEZ also participated in leading Indian exhibitions such as Plastfocus in Delhi and INT-EXT Expo in Ludhiana, Punjab, to showcase its business solutions to potential investors in the plastics ma
nufacturing and architectural industries.

The objective of this extensive business engagement in India is to present Ras Al Khaimah as a prime business location, highlighting the advantages of establishing operations within RAKEZ.

RAKEZ Group CEO Ramy Jallad highlighted the significance of the UAE-India relationship and the deep-rooted connections that extend beyond just trade and business. ‘The UAE and India share a long-standing relationship characterised by shared cultural and economic interests. India continues to be one of the UAE and Ras Al Khaimah’s most important markets for FDI.’

He added, ‘Our recent engagements across major Indian cities have been instrumental in portraying Ras Al Khaimah’s unique value proposition as a strategic business hub. Through direct interactions with Indian entrepreneurs and investors during the trip, we have not only showcased our comprehensive business solutions but also created tangible opportunities for growth and collaboration. We are committed to supporting Indian
businesses in leveraging Ras Al Khaimah as their launchpad for regional and global expansion, benefiting from our business-friendly environment, central location, strategic partnerships, and the robust CEPA 2022 framework that reduces many tariffs and barriers to trade between the two countries. Our aim is to ensure that Indian investors find not just a market in the UAE but a home for their businesses where they can thrive and expand.’

Over 5,300 Indian companies have established their operations in RAKEZ, attracted by the benefits of full company ownership, full profit repatriation, and integration into the UAE’s extensive international business network, which offers access to regional markets in one of the wolrd’s lowest tax environments. These firms not only enjoy strategic partnerships with government and private entities within the economic zone but also gain from agreements with Indian organisations such as the Indian Economic Trade Organisation and the Indian Chamber of Food and Agriculture, enhancin
g support for Indian businesses.

RAKEZ further welcomes Indian delegations, including government officials, business council members, and budding entrepreneurs, featuring prominent companies like Royal Gulf Industries, Mahindra, Motherson Sumi Systems, Dabur Naturelle, Ashok Leyland, Datamatics among its vibrant business community. To continue supporting Indian investors, RAKEZ maintains a dedicated branch office in Mumbai, India, ensuring a seamless connection and assistance for Indian enterprises looking to expand their reach.

Source: Emirates News Agency

Shura Council condemns Zionist terrorist massacre in Rafah


Shura Council condemned in the strongest terms the terrorist massacre committed by the Zionist entity in Rafah city, resulting in dozens of martyrs and wounded, most of them women and children.

The Council confirmed in a statement today that this crime came with the green light and approval of Biden administration and was transferred for implementation by his Minister of Foreign Affairs during his visit to the occupied territories, which confirms America’s involvement and direct participation in the genocidal war against the Palestinians.

The statement indicated that the Zionist entity, and America behind it, sought to expand the circle of massacres in Palestine without heeding international warnings about the dangers of targeting Rafah, which is crowded with displaced people as a result of Nazi-Zionist practices in the southern Gaza Strip.

The Council held the American administration, Britain and the countries allied with them responsible for what is happening as a result of continuing to support the Zion
ist entity to commit more brutal crimes against the Palestinians and the ground invasion of Rafah, a safe haven for more than a million displaced Palestinians.

It pointed out that the terrorist government of the criminal Netanyahu is pursuing a policy of displacement and genocide of the Palestinians, ignoring all international laws and humanitarian appeals to confirm its terrorism, crimes, insistence on killing the Palestinians and liquidating their just cause.

The Council denounced the continued Arab-Islamic failure and shame positions of the regimes of normalization and loyalty to the Zionist entity and America, without regard to the sanctity of Palestinian blood that is shed daily in full view of the world.

The Council blessed the operation of the armed forces and naval forces in Red Sea, which today targeted the American ship Star Iris, as a victory for the oppression of the Palestinians and in response to the American-British aggression against our country.

It called for the continuation of military
operations in the Red Sea, the attack on Zionist interests, the continuation of the boycott of Zionist , American goods, and the popular movement to support the Palestinians until the aggression and unjust siege on Gaza Strip stops.

The Council renewed its demand from the Association of Senates, Shura Councils and similar councils in Africa and Arab world to hold an urgent conference to stand up to the dangerous escalation in Rafah and to put pressure in international forums to stop the Nazi massacres committed by the Zionist entity.

Shura Council called on the United Nations and the Security Council to get out of the cycle of selective implementation of international law , double standards , bear legal , moral responsibility for the Nazi crimes and genocide taking place in Palestine and prevent the occupation from advancing overland towards Rafah.

Source: Yemen News Agency

Shura Council condemns Zionist terrorist massacre in Rafah


Shura Council condemned in the strongest terms the terrorist massacre committed by the Zionist entity in Rafah city, resulting in dozens of martyrs and wounded, most of them women and children.

The Council confirmed in a statement today that this crime came with the green light and approval of Biden administration and was transferred for implementation by his Minister of Foreign Affairs during his visit to the occupied territories, which confirms America’s involvement and direct participation in the genocidal war against the Palestinians.

The statement indicated that the Zionist entity, and America behind it, sought to expand the circle of massacres in Palestine without heeding international warnings about the dangers of targeting Rafah, which is crowded with displaced people as a result of Nazi-Zionist practices in the southern Gaza Strip.

The Council held the American administration, Britain and the countries allied with them responsible for what is happening as a result of continuing to support the Zion
ist entity to commit more brutal crimes against the Palestinians and the ground invasion of Rafah, a safe haven for more than a million displaced Palestinians.

It pointed out that the terrorist government of the criminal Netanyahu is pursuing a policy of displacement and genocide of the Palestinians, ignoring all international laws and humanitarian appeals to confirm its terrorism, crimes, insistence on killing the Palestinians and liquidating their just cause.

The Council denounced the continued Arab-Islamic failure and shame positions of the regimes of normalization and loyalty to the Zionist entity and America, without regard to the sanctity of Palestinian blood that is shed daily in full view of the world.

The Council blessed the operation of the armed forces and naval forces in Red Sea, which today targeted the American ship Star Iris, as a victory for the oppression of the Palestinians and in response to the American-British aggression against our country.

It called for the continuation of military
operations in the Red Sea, the attack on Zionist interests, the continuation of the boycott of Zionist , American goods, and the popular movement to support the Palestinians until the aggression and unjust siege on Gaza Strip stops.

The Council renewed its demand from the Association of Senates, Shura Councils and similar councils in Africa and Arab world to hold an urgent conference to stand up to the dangerous escalation in Rafah and to put pressure in international forums to stop the Nazi massacres committed by the Zionist entity.

Shura Council called on the United Nations and the Security Council to get out of the cycle of selective implementation of international law , double standards , bear legal , moral responsibility for the Nazi crimes and genocide taking place in Palestine and prevent the occupation from advancing overland towards Rafah.

Source: Yemen News Agency

President of International for Bank of America hails ‘dynamism’ of UAE economy


DUBAI: Bernard Mensah, President of International for Bank of America, has commended the flexibility, dynamism, and strong growth of the UAE economy despite global challenges.

The UAE’s economic drive has been remarkable, and “I always encourage and admire it, especially in terms of its strong growth and dynamism’ he told the Emirates News Agency (WAM) on the sidelines of the ongoing World Governments (WGS) Summit 2024.

Despite worries about the global economic prospects due to geopolitical tensions, Mensah maintains a positive outlook for growth in 2024, which goes in line with the recent upward adjustment of the global economic growth projection by the International Monetary Fund (IMF). Last month, the IMF hiked its forecast for global economic growth to 3.1 percent in 2024, up two-tenths of a percentage point from its October forecast, and expected unchanged growth of 3.2% in 2025

‘I see significant interest in investing and engaging in new technology on a global scale,’ Mensah said.

Regarding his part
icipation in the WGS 2024, Mensah said that this is the first time he has attended the summit, and he expressed his admiration for the professional organisation of the event: “The sessions and topics discussed at the summit are important and positive.”

WGS 2024, which is held under the theme ‘Shaping Future Governments’, kicked off today with the participation of more than 25 heads of state and government, 120 government delegations, and more than 85 international and regional organisations and global institutions. The summit aims to explore future opportunities and challenges, as well as the most prominent challenges facing the world in a range of pressing issues.

Source: Emirates News Agency