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Hamdan bin Mohammed, Maktoum bin Mohammed issue directives to set up task force to track digital economy

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DUBAI (WAM) – Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, reviewed vital technology trends in the Metaverse and issued directives to form a task force to track the latest developments in the digital economy.

The move is part of the directives issued by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, during the previous meeting of the Dubai Council.

Sheikh Mohammed had directed the formation of a higher committee to supervise technological developments in the emirate and oversee developments in the digital economy, contributing to enhancing Dubai’s status as the best city in the virtual space thanks to innovative services and its advanced regulatory and legislative framework.

Sheikh Hamdan said the formation of the higher committee to oversee technological advances in Dubai reflects the farsighted vision of father, who always looks ahead and takes proactive and prompt decisions to harness potential opportunities. The decision would cement Dubai’s status as a key city in the metaverse, he added.

Sheikh Hamdan noted that the committee had started work on key pillars and the objectives of the Dubai Metaverse Strategy. Based on data and information, the strategy aims to increase the contribution of the metaverse sector to Dubai’s economy to US$4 billion by 2030 and increase its contribution to Dubai’s GDP to 1 percent.

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During the meeting, Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications and Chairman of The Dubai Chamber of Digital Economy, outlined how Dubai stands to benefit from the metaverse in a way that enables it to generate business opportunities beyond its physical borders.

The committee aims to implement metaverse technologies that can help improve the performance of resident surgeons by 230 percent and increase the productivity of engineers by 30 percent, in addition to supporting 42,000 jobs to become virtual.

Dubai plans to become a key player in the virtual world and is developing a regulatory and legislative framework for the sector. It is also launching projects and initiatives that will further raise its stature in the virtual world.

The committee is currently working on identifying opportunities and challenges and continuing the development of the legislative framework that covers future requirements of all sectors. In addition, the committee is working on qualifying human capital to be able to excel in the virtual world.

The metaverse is a virtual-reality space where users interact with computer-generated environments and other users. It combines elements of social media, augmented reality, virtual reality, video games, cryptocurrencies, and other advanced technologies.

Current estimates expect business revenues from the metaverse could grow from US$180 billion to US$400 billion by 2025.

Earlier this month, Dubai’s Virtual Assets Regulatory Authority (VARA) said it had entered the metaverse with the establishment of its Metaverse HQ, making it the first regulator to have a presence in the emerging digital space. Expanding VARA’s resources to a borderless audience is part of Dubai’s strategy to create a prototype decentralised regulator model.

It also aims to make it accessible to government and industry leaders, other authorities and virtual asset service providers to help shape the future digital economy. VARA’s MetaHQ will utilise The Sandbox platform, an Ethereum blockchain-based application that allows users to create, sell and purchase digital assets.

 

 

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    Sheikh Hamdan bin Mohammed, right, and brother Sheikh Maktoum took an overview of the vision and strategy ahead for the digital economy. WAM

  • Dubai-digital-economy

Chief Storyteller – Abhishek Sengupta Storytelling has been at the heart of everything I’ve done for nearly two decades, whether it’s captivating audiences with breaking news, crafting compelling video narratives, or writing columns with just the right amount of sarcasm and spice. I’ve been an award-winning investigative journalist, content creator, media strategist, and accidental commentator on everything from falafels to foldable laptops. My career has taken me across 60 countries, four World Cups between two sports, and one unforgettable ‘journalistic’ saga. Along the way, I’ve produced over 1,000 minutes of multimedia content, interviewed corporate top bosses, grilled ministers, while helping UAE’s longest-running English daily Khaleej Times ride the digital wave. All along, I’ve only tried (and occasionally succeeded) in making audiences laugh, think, and occasionally say, “Wait, that was actually interesting” —proving that even in today’s world, storytelling isn’t just alive; it’s thriving, quirky, and kicking up a storm.

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Flying during FIFA World Cup? This Dubai airline will show every match live 

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Football fans travelling with Emirates this summer won’t have to worry about missing any FIFA World Cup 2026 action. Dubai’s flagship airline Emirates, has announced that it will broadcast every match of the tournament live onboard its flights through Sport24, its dedicated live sports channel available on the award-winning ice entertainment system.

Passengers will be able to follow every moment of the world’s biggest football tournament while flying at 40,000 feet. The move ensures customers can stay connected to the action no matter where they are travelling, with live coverage available throughout the competition.

Emirates said the complete FIFA World Cup 2026 broadcast schedule is featured its ice magazine, allowing passengers to plan their journeys around key fixtures and follow their favourite teams during the tournament.

The live coverage will be available on most Emirates aircraft equipped with Sport24 and Sport24 Extra, although availability may vary depending on aircraft type and route. Selected FIFA World Cup matches will also be shown in Emirates Lounges across Dubai, giving travellers additional opportunities to catch the action before departure.

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Dubai’s RTA to build one of its largest pedestrian and cycling bridges in city

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Dubai is set to strengthen its position as a global leader in smart urban mobility by constructing one of the emirate’s largest pedestrian and cycling bridges.

Stretching 730 metres across Dubai–Al Ain Road, the landmark structure will connect the rapidly growing communities of Liwan and Dubai Silicon Oasis, offering residents a safer and more convenient way to travel. The project forms part of the Roads and Transport Authority’s wider plan to build 31 new pedestrian bridges and tunnels across the city by 2030, enhancing connectivity, road safety and sustainable transportation.

The Roads and Transport Authority (RTA) has approved a five-year plan that will introduce new pedestrian crossings at key locations across the emirate. The projects will be developed along major roads, including Sheikh Zayed Road, King Salman bin Abdulaziz Al Saud Street, Al Ittihad Road, and Omar bin Al Khattab Street, helping residents and visitors move more safely and efficiently throughout the city.

Enhancing safety and connectivity

The expansion aims to improve accessibility, strengthen links between residential communities and public transportation networks, and provide safer crossing options for pedestrians. Authorities selected project locations following detailed studies that assessed population growth, pedestrian movement patterns, public transport access, and proximity to commercial and tourist destinations.

Landmark bridge

One of the standout projects currently under development is a 730-metre pedestrian and cycling bridge that will cross Dubai–Al Ain Road. The structure will serve as a critical connection between Liwan and Dubai Silicon Oasis, two rapidly developing communities that continue to attract residents and businesses.

Once completed, the bridge will become one of the largest pedestrian and cycling crossings in Dubai, offering a safer and more convenient route for commuters, cyclists, and residents.

Advanced safety features

The upcoming bridges and tunnels will incorporate modern safety technologies, including firefighting systems, emergency alarms, remote monitoring capabilities, and dedicated cycling lanes. These enhancements are designed to improve user safety while supporting Dubai’s ambition to achieve zero traffic fatalities.

As the city continues to expand, the new pedestrian infrastructure projects are expected to play a key role in promoting sustainable mobility, reducing road risks, and strengthening Dubai’s reputation as a global leader in smart urban development.

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Kuwait launches 15-year residency visa: How it compares to UAE Golden Visa

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Kuwait has unveiled a new long-term residency programme that will allow eligible foreign investors and business leaders to live in the country for up to 15 years, marking one of the region’s latest efforts to attract international capital and strengthen economic growth.

The residency scheme is designed to provide greater stability for investors looking to establish, operate and expand businesses in Kuwait, while supporting the country’s broader plans to diversify its economy and enhance its competitiveness as an investment destination.

Who can apply?

Under the new framework, residency permits of up to 15 years will be available to:

  • Foreign investors meeting approved investment criteria
  • Immediate family members of eligible investors
  • Senior executives accredited by approved investment entities
  • Recognised business partners linked to qualifying investment projects

Authorities say the programme aims to encourage long-term commitments from investors while creating a more attractive business environment.

Investment requirements

To qualify, applicants must satisfy a number of conditions set by Kuwaiti authorities.

Eligible investors must own or be associated with investment entities licensed by the Kuwait Direct Investment Promotion Authority (KDIPA). Businesses must also maintain active operations within Kuwait and comply with national workforce requirements, including quotas related to the employment of Kuwaiti citizens.

The framework requires a minimum investment capital of KD1 million in approved business activities. In addition, licensed investment entities must maintain a total investment value of at least KD5 million.

Officials believe these requirements will help attract high-quality investments that contribute to economic development and job creation.

How it compares with UAE Golden Visa

One of the most prominent examples is the UAE’s Golden Visa programme, which was launched in 2019 and offers eligible individuals residency of up to 10 years.

The scheme is available to investors, entrepreneurs, skilled professionals, scientists, exceptional students, creatives and humanitarian contributors. It allows holders to live, work and study in the UAE without requiring a national sponsor, while also enabling them to sponsor family members.

The programme has become a key pillar of the UAE’s strategy to attract talent, innovation and long-term investment, helping cement its reputation as one of the region’s leading destinations for business and residency.

Kuwaiti authorities said the programme builds on existing investment legislation and forms part of ongoing efforts to modernise Kuwait’s business and regulatory environment.

Kuwait’s latest move reflects a growing trend across the Gulf, where governments are introducing long-term residency options to attract investors, entrepreneurs and highly skilled professionals.

Countries across the region have increasingly adopted residency programmes designed to encourage foreign investment, support economic diversification and attract global talent.

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