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Abu Dhabi National Oil Company has entered into framework agreements valued at Dhs6 billion with 12 UAE-based manufacturers to produce critical industrial equipment locally. This initiative, part of the “Make it in the Emirates” programme, aims to enhance the resilience of the nation’s supply chain and create up to 1,300 skilled private-sector jobs.

The agreements focus on the domestic production of cables and pressure vessels, essential components in ADNOC’s operations. By localising the manufacturing of these items, ADNOC seeks to ensure timely availability, reduce dependency on international suppliers, and mitigate global supply chain disruptions.

The signing took place during the “Make it in the Emirates” forum in Abu Dhabi, attended by Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC’s Managing Director and Group CEO. Dr Al Jaber emphasised the importance of strengthening local manufacturing capabilities to support the UAE’s industrial growth and economic diversification.

This move aligns with ADNOC’s broader strategy to stimulate domestic manufacturing. Previously, the company announced agreements with over 60 companies to locally produce critical non-oil products, aiming to manufacture AED70 billion worth of products in its procurement pipeline by 2027. These efforts are expected to create thousands of job opportunities and enhance the resilience of the local supply chain.

In addition to the current agreements, ADNOC has committed over AED20 billion for the procurement of structures and metal products from national companies. This commitment is part of a broader initiative to stimulate industrial growth and create more private-sector jobs for UAE nationals.

The “Make it in the Emirates” initiative, led by the Ministry of Industry and Advanced Technology, aims to position the UAE as a global hub for advanced industry and innovation. The programme encourages local manufacturing, supports the development of national talent, and promotes sustainable industrial practices.

ADNOC’s investment in local manufacturing is complemented by its focus on sustainability and technological innovation. The company has been leveraging artificial intelligence and advanced technologies to optimise operations and reduce emissions. Facilities like the Habshan 5 gas processing plant and Zirku Island offshore operations have been at the forefront of deploying such technologies, contributing to ADNOC’s goal of becoming a low-carbon energy leader.

ADNOC’s In-Country Value programme incentivises suppliers to adopt clean technologies and establish new manufacturing facilities in the UAE. Since its inception, the ICV programme has driven significant investment back into the UAE economy, supporting the nation’s Net Zero by 2050 Strategic Initiative.

The “Make it in the Emirates” forum serves as a platform for collaboration between government entities, industry leaders, and investors. It showcases the UAE’s commitment to fostering a robust industrial sector, enhancing economic resilience, and achieving sustainable growth.

Mauritius is intensifying efforts to attract travellers from Gulf countries, with the tourism sector positioning itself to tap into a high-spending demographic amid growing global competition. The island’s tourism authority has highlighted the Gulf region as a key source market, aiming to capitalise on increased air connectivity, rising disposable incomes, and evolving travel preferences.

Officials from the Mauritius Tourism Authority emphasise a strategy focused on delivering a high-quality, product-driven experience tailored to Gulf travellers’ expectations. Luxury accommodations, personalised services, and exclusive experiences form the cornerstone of this approach. The island’s appeal is strengthened by its reputation for safety, pristine beaches, and cultural diversity, factors that resonate well with Gulf visitors seeking both relaxation and immersive travel.

Mauritius benefits from its geographic proximity and enhanced flight options, including direct and one-stop routes operated by regional and international airlines. These improved connections make the destination more accessible, facilitating a smoother travel experience that Gulf tourists increasingly prioritise. The airline partnerships and new routes also reflect broader industry trends where connectivity drives tourism inflows and regional collaboration plays a key role in market expansion.

The tourism authority’s promotional campaigns have adapted to digital trends, leveraging social media influencers and targeted marketing to engage Gulf travellers effectively. Content emphasises Mauritius as an exclusive yet accessible luxury getaway, blending natural beauty with upscale amenities. This digital outreach complements traditional marketing channels, aiming to build sustained interest and brand loyalty.

Luxury resorts and hotels on the island have upgraded their offerings, aligning with Gulf travellers’ preferences for privacy, fine dining, wellness, and bespoke excursions. Several properties have introduced Arabic-speaking staff, tailored menus, and prayer facilities to better serve the Gulf clientele. This cultural sensitivity enhances comfort and inclusivity, strengthening the destination’s competitive edge.

Economic data shows that Gulf tourists typically spend more per visit than visitors from many other regions, making them highly desirable for the island’s tourism revenue. With tourism contributing significantly to Mauritius’s GDP, targeting high-value markets is essential for sustaining economic growth, especially in the post-pandemic environment where recovery efforts remain critical.

The broader Indian Ocean region faces intense competition from other luxury beach destinations, including the Maldives, Seychelles, and Zanzibar. Mauritius’s tourism leadership acknowledges the need for continuous innovation and investment to maintain its standing. This includes diversifying experiences beyond beaches, promoting eco-tourism, cultural tours, and sporting events to appeal to diverse traveller interests.

Environmental sustainability is becoming a priority within Mauritius’s tourism development plans, as the island seeks to balance growth with conservation. Several resorts have adopted green certifications and community engagement programmes, which appeal to environmentally conscious Gulf travellers increasingly interested in responsible tourism. This trend aligns with global shifts toward sustainable travel, reinforcing Mauritius’s positioning as a forward-thinking destination.

Authorities are also working with Gulf travel agencies and tour operators to create customised travel packages that simplify booking and enhance the overall journey. Collaborative partnerships extend to the luxury retail and entertainment sectors, integrating shopping and leisure activities into holiday experiences. Such integrated offerings respond to Gulf tourists’ demand for comprehensive, seamless trips combining relaxation, adventure, and lifestyle.

Mauritius’s appeal to Gulf visitors is further strengthened by the island’s multilingual population and historical links to the region through trade and diaspora communities. These ties foster a sense of familiarity and hospitality, factors that influence travel decisions positively. The tourism sector recognises that maintaining and deepening these connections is crucial for long-term market development.

Global travel trends show an increasing preference among Gulf nationals for destinations that offer exclusivity and privacy, particularly amid ongoing health concerns and evolving safety expectations. Mauritius has implemented stringent health protocols and flexible cancellation policies to reassure travellers, factors that contribute to its attractiveness as a safe and dependable destination.

Despite the promising outlook, challenges remain. The volatility of international travel regulations, fluctuating fuel prices, and economic uncertainties in key Gulf states could affect visitor numbers. Moreover, competition for tourists’ attention and spending power requires Mauritius to continually enhance value propositions and innovate its offerings.

Investment in infrastructure improvements, including airports, road networks, and hospitality facilities, supports the island’s ambition to elevate the visitor experience. Public and private sector collaboration is essential in this regard, with government incentives encouraging tourism-related investments and innovation. These efforts underscore a commitment to sustainable and inclusive tourism growth.

Mauritius’s strategy reflects a broader shift in global tourism towards targeting affluent travellers with discerning tastes. By focusing on personalised, culturally aware, and environmentally responsible tourism products, the island is positioning itself as a top-tier destination for Gulf nationals. This aligns with global luxury travel market trends, which prioritise authenticity, comfort, and unique experiences.

Efforts to attract Gulf travellers are expected to have a multiplier effect, benefiting ancillary industries such as retail, transportation, and local crafts. The integration of tourism with local economic development highlights Mauritius’s holistic approach to growth, emphasising the social and economic benefits of a vibrant travel sector.

Dubai has embarked on a significant affordable housing initiative, aiming to construct over 17,000 residential units across six locations in the emirate. This development is a collaborative effort between the Roads and Transport Authority , Dubai Municipality, and Wasl Group, aligning with the Dubai 2040 Urban Master Plan.

The first phase of the project encompasses areas including Me’aisem 1, Al Twar 1, Al Qusais Industrial Area 5, and Al Leyan 1, covering approximately 1.46 million square metres. The housing units are intended for skilled professionals of various nationalities employed in both public and private sectors. The initiative seeks to provide quality housing options at affordable rental rates, enhancing living standards and supporting the city’s economic growth.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, witnessed the signing of the agreement. He emphasized that the project supports the Dubai 2040 Urban Master Plan and aligns with the city’s affordable housing policy, aiming to improve living standards for the workforce and reinforce Dubai’s status as a premier city to live and work.

Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the RTA, highlighted that housing remains a key priority under the leadership’s guidance. He stated that the Affordable Housing Programme is one of the government’s pioneering initiatives aimed at enhancing community well-being and quality of life, aligning with the UAE’s designation of 2025 as the ‘Year of Community’.

Marwan Ahmad bin Ghalita, Director General of Dubai Municipality, noted that the affordable housing projects reflect the vision of building a cohesive and prosperous society. He mentioned that these projects are a significant step in developing sustainable urban centres, contributing to inclusive, healthy communities equipped with comprehensive services and recreational facilities.

Hesham Abdulla Al Qassim, CEO of Wasl Group, expressed the company’s commitment to shaping a future where inclusive urban living is a reality for all. He stated that the collaboration with RTA and Dubai Municipality represents a strategic step forward in delivering sustainable, high-quality housing solutions, supporting the goals of the Dubai 2040 Urban Master Plan.

The initiative also aligns with the ’20-Minute City’ concept, aiming to ensure connectivity to the city centre and access to essential services within a short commute. By optimizing land use and developing residential models tailored to diverse community needs, the project aspires to enhance productivity, reduce commuting times, and improve overall employee satisfaction and well-being.

The United Arab Emirates has unveiled a Dh40 billion financing initiative aimed at accelerating the growth of its industrial sector over the next five years. Announced by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, during the Make it in the Emirates forum in Abu Dhabi, the plan seeks to enhance the nation’s manufacturing capabilities and diversify its economy.

The financing will be facilitated through a consortium of major banks, including Emirates Development Bank , First Abu Dhabi Bank, Mashreq, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and Wio Bank. These institutions will offer competitive loans to industrial companies, supporting projects that align with the UAE’s strategic economic objectives.

Dr Al Jaber emphasized the multiplier effect of industrial investments, stating that each investment stimulates growth in related sectors. He highlighted that the initiative is part of the broader Operation 300bn strategy, which aims to increase the industrial sector’s contribution to the UAE’s GDP to Dh300 billion by 2031.

The Make it in the Emirates forum also saw the announcement of additional incentives, including Dh23 billion in guaranteed offtake agreements, bringing the total value of captive procurement opportunities to Dh143 billion. These agreements are designed to encourage local manufacturing of over 2,000 products, with significant procurement commitments from entities like ADNOC and Pure Health.

New industrial projects and investments worth Dh20 billion were unveiled, alongside co-lending financial solutions of Dh1 billion to empower small and medium enterprises . The government also introduced comparative electricity tariffs in the northern Emirates and launched an AI innovation programme providing Dh370 million to targeted technology startups.

Emirates Development Bank has played a pivotal role in supporting the UAE’s industrial sector. Since the launch of its strategy in 2021, EDB’s financing has reached Dh15.7 billion, contributing Dh7.4 billion to the industrial GDP by the end of 2024. The bank has also facilitated Dh50.2 billion in capital expenditure financing, supported Dh15 billion in greenfield projects, and attracted Dh7 billion in foreign direct investment.

In 2024 alone, EDB provided Dh8.7 billion in financing, marking a 222% increase from the previous year. This financing supported the creation of over 14,000 industrial jobs and contributed Dh4.1 billion to the UAE’s industrial GDP. The manufacturing sector received the largest share, with Dh4.23 billion, accounting for 49% of total disbursements.

The bank’s focus on key sectors includes advanced technology, which received Dh3 billion in financing, and renewable energy projects, which secured Dh1.2 billion. Additionally, the food security and healthcare sectors received Dh1.22 billion and Dh1.14 billion, respectively.

EDB’s support for micro, small, and medium enterprises remained a core priority, with total financing reaching Dh3 billion in 2024. This includes Dh758 million through the bank’s Credit Guarantee Scheme in partnership with 11 commercial banks, Dh2.1 billion in direct financing to mSMEs, and Dh107 million to SME-Micro projects.

The bank’s strong financial performance and strategic focus have been recognized by S&P Global, which upgraded EDB’s credit rating to AA, the highest among financial institutions in the UAE and MENA region. This milestone underscores the bank’s robust financial profile and alignment with national development priorities.

Global financial markets reeled on Monday following Moody’s Investors Service’s decision to downgrade the United States’ sovereign credit rating from Aaa to Aa1. The move, citing escalating fiscal deficits and a ballooning national debt, has intensified scrutiny over Washington’s economic policies and triggered a wave of investor unease.

The downgrade has led to a sharp rise in U.S. Treasury yields, with the 30-year bond yield climbing to 5.03%, its highest level since November 2023. The 10-year yield also surged to 4.55%, reflecting growing apprehension about the sustainability of U.S. fiscal policy. Concurrently, the U.S. dollar weakened against major currencies, while global equity markets experienced significant declines.

Moody’s action follows the narrow approval of President Donald Trump’s $3.8 trillion tax-cut package by the House Budget Committee. The legislation, which aims to extend the 2017 tax cuts and introduce new reductions on tips and overtime income, is projected to add between $3 trillion and $5 trillion to the national debt over the next decade. Analysts warn that such measures could exacerbate fiscal imbalances and undermine investor confidence.

European markets responded negatively, with the pan-European STOXX 600 index falling by 0.7%, ending a five-week winning streak. Luxury stocks, heavily reliant on Chinese demand, were particularly affected due to disappointing retail sales data from China. In the UK, the FTSE 100 index dropped by 0.8%, while the midcap FTSE 250 fell by 1.3%, influenced by the U.S. credit downgrade and anticipation surrounding a UK-EU summit.

Asian markets mirrored this trend, with key indices declining amid concerns over the U.S. fiscal outlook. The downgrade has also stalled the recent Wall Street rally, with futures dipping and the dollar weakening. Investors are increasingly wary of the U.S.’s rising debt burden and the potential implications for global financial stability.

The concept of “bond vigilantes”—investors who sell off government bonds in response to fiscal irresponsibility—has resurfaced. Analysts caution that if yields continue to rise, it could lead to instability in both bond and stock markets, potentially forcing the Federal Reserve to intervene. Some foresee a scenario where yields could exceed 6%, posing significant risks to economic growth.

Moody’s downgrade aligns the U.S. with other major economies that have lost their triple-A ratings, such as the UK and France. The agency projects that the U.S. debt-to-GDP ratio could reach 134% by 2035, up from 98% last year. The federal deficit, currently at 6.4% of GDP, is expected to rise to 9% by 2035, driven by increased interest payments and entitlement spending.

Despite these warnings, Treasury Secretary Scott Bessent dismissed the downgrade, asserting that the tax cuts would spur economic growth sufficient to offset the increased debt. However, nonpartisan analysts and some lawmakers express skepticism, highlighting the lack of substantial spending cuts or new revenue measures to balance the budget.

The political landscape remains divided, with hardline Republicans advocating for deeper cuts to programs like Medicaid and the repeal of green tax credits. Moderate Republicans and some senators oppose such measures, citing potential harm to vulnerable populations and the broader economy. The proposed cuts could result in 8.6 million people losing Medicaid coverage, raising concerns about the social impact of fiscal austerity.

Policybazaar.ae has introduced an expanded suite of car insurance benefits aimed at enhancing customer value through its PB Advantage programme. This initiative offers policyholders a range of exclusive perks designed to reduce the cost of vehicle ownership while rewarding safe driving behaviours.

The PB Advantage package now includes 12 complimentary car washes annually, aiming to ease the routine maintenance burden for insured drivers. This tangible benefit reflects a growing trend in the insurance industry where companies seek to provide added lifestyle conveniences alongside traditional coverage. By integrating such services, insurers are shifting focus towards holistic customer engagement rather than solely risk mitigation.

A key feature of the programme is a discount of up to 30 percent on premiums for drivers who demonstrate safe driving habits. This incentive responds to rising demands from consumers who wish for their responsible behaviour behind the wheel to be financially recognised. Safe driving discounts are gaining traction globally as insurers incorporate telematics and other data-driven approaches to assess risk more accurately. Through this mechanism, Policybazaar.ae aims to encourage safer roads and reduce accident-related claims.

The PB Advantage offers an excess waiver of up to AED 1,000, which lowers the out-of-pocket expenses policyholders face when filing a claim. This waiver can significantly alleviate the financial strain after an accident, thereby improving customer satisfaction and loyalty. Excess waivers are becoming an increasingly common feature in competitive insurance markets, reflecting insurers’ efforts to deliver more customer-centric policies.

Policyholders also receive a 15 percent discount on car repair services. This partnership with certified garages is expected to streamline claims processing and reduce repair costs, which are often a major concern for vehicle owners. By negotiating discounts with trusted service centres, Policybazaar.ae is positioning itself as a facilitator of efficient and affordable post-accident care.

Further enhancing the value proposition, the programme offers a 30 percent discount on car spare parts. This benefit targets the growing demand for cost-effective vehicle maintenance amid fluctuating global supply chains and rising parts prices. By mitigating repair expenses through direct discounts, the insurer supports policyholders in maintaining their vehicles in good condition without excessive financial burden.

Policybazaar’s move aligns with broader industry shifts towards value-added insurance models that integrate lifestyle benefits and proactive risk management incentives. With increasing competition in the UAE’s insurance sector, companies are innovating beyond coverage terms to secure customer retention and attract new segments.

The PB Advantage’s combination of complimentary services, financial incentives, and post-accident support responds to evolving consumer expectations, where convenience, cost savings, and personalised rewards are paramount. The programme also reflects the insurer’s commitment to digital innovation, as Policybazaar.ae leverages technology to streamline enrolment, claims, and communication.

Analysts note that the enhanced offering could influence competitors to adopt similar strategies, potentially driving a new standard in the UAE’s car insurance market. The emphasis on safe driving discounts is particularly significant amid government initiatives aimed at reducing road accidents and promoting traffic safety.

The introduction of excess waivers and repair discounts further positions PB Advantage as a comprehensive solution addressing both preventive and corrective aspects of vehicle insurance. These features may encourage more drivers to opt for policies with Policybazaar.ae, improving risk pools and underwriting outcomes over time.

Industry experts highlight that integrating such perks requires insurers to balance the cost of added services with pricing models, ensuring profitability while maintaining competitive premiums. The scalability of these benefits depends on partnerships with service providers and accurate data analytics to tailor offerings to customer profiles.

By offering twelve free car washes annually, Policybazaar.ae taps into a convenience factor that, while modest, can foster positive customer perceptions and frequent engagement. This small yet consistent benefit can enhance brand loyalty and differentiate the insurer in a crowded marketplace.

The safe driving discount up to 30 percent marks a considerable incentive, especially for cautious drivers who can demonstrate low-risk behaviour over policy periods. This element encourages the adoption of safer driving technologies, such as telematics devices and smartphone apps, which track and report driving patterns.

The excess waiver provision up to AED 1,000 represents an immediate financial relief for many policyholders, addressing a common pain point in motor insurance claims. This benefit also potentially reduces claim hesitation, enabling quicker accident reporting and smoother claims processing.

Discounts on car repairs and spare parts complement the core insurance offering by reducing indirect costs related to vehicle ownership. These benefits may attract cost-conscious consumers, especially those owning older or high-maintenance vehicles, who face significant upkeep expenses.

Policybazaar.ae’s PB Advantage initiative exemplifies a strategic response to shifting consumer needs in the UAE’s dynamic insurance landscape. As customers increasingly seek not only protection but also tangible value and convenience, insurers are compelled to innovate their product mix.

The programme’s multi-faceted approach underscores the growing importance of customer experience in insurance, where engagement extends beyond the moment of claim. This evolution is facilitated by digital platforms that enable seamless integration of insurance, maintenance, and reward services.

A comprehensive study conducted by the American University of Ras Al Khaimah has raised alarms over the under-recognised threat posed by enteroviruses in the Arabian Gulf region, particularly among children. The research underscores the urgent need for enhanced public health surveillance and awareness to mitigate potential outbreaks.

Enteroviruses, a group of RNA viruses, primarily infect the gastrointestinal tract but can lead to severe complications, especially in infants and young children. These complications include aseptic meningitis, encephalitis, myocarditis, and acute flaccid paralysis. Despite their global prevalence, data on enterovirus infections in the Gulf Cooperation Council countries remain scarce, leading to potential underdiagnosis and mismanagement.

The AURAK study highlights that the limited reporting and research on enteroviruses in the region have resulted in a lack of comprehensive understanding of their epidemiology, transmission patterns, and clinical manifestations. This gap hampers the development of effective public health strategies to combat these infections.

One of the significant concerns raised by the study is the vulnerability of children to enterovirus infections. Factors such as crowded living conditions, inadequate hygiene practices, and limited access to healthcare contribute to the increased risk among this demographic. The study emphasizes the importance of targeted interventions to protect children, including public education campaigns and improved sanitation measures.

The research also points to the need for enhanced diagnostic capabilities in the region. Currently, the lack of specialized laboratories and trained personnel limits the ability to accurately identify and monitor enterovirus outbreaks. Investing in laboratory infrastructure and training programs is crucial to improve diagnostic accuracy and response times.

The study calls for the establishment of a regional surveillance network to monitor enterovirus activity across the GCC countries. Such a network would facilitate the sharing of data, resources, and best practices, enabling a coordinated response to potential outbreaks. Collaboration among public health authorities, academic institutions, and international organizations is essential to build this capacity.

The AURAK researchers recommend that policymakers prioritize enterovirus research and allocate funding to support studies on virus behavior, transmission dynamics, and vaccine development. Understanding the genetic diversity and evolution of enteroviruses is critical to developing effective prevention and treatment strategies.