Connect with us

News

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

Published

on

Dubai-digital-economy

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.

Related

Dubai’s Museum of the Future to launch NFT collection

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.

 

 

  • Dubai-digital-economy

    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.

News

South African pacer Marco Jansen waits in Dubai as IPL gears up for resumption

Published

on

As the Indian Premier League (IPL) prepares for a return, most international cricket players are having to go through several travel permissions and last-minute approvals as they plan to return to India to finish the tournament. However, this is not the case, Marco Jansen.

The South African fast bowler has stationed himself in Dubai, using the break to stay close to the action, just a short flight from India. While uncertainty looms for many players, Jansen is all fired up as his team Punjab Kings, gears up for the league’s crucial final phase.

The BCCI is reportedly working to restart the IPL as early as the coming weekend, around May 15, pending final government clearance. With logistics in motion, the focus has shifted to recalling overseas players and coaching staff, many of whom had returned home during the brief suspension.

Among those staying committed to the cause is Punjab Kings head coach Ricky Ponting. The former Australian captain was en route to Australia but made a sudden U-turn, deboarding his flight after learning of the ceasefire between India and Pakistan. He chose to remain in India and has since been encouraging the franchise’s international players to return.

“Soon after he learnt of the ceasefire, Ricky got off the plane. That shows his terrific character and commitment to the team,” said Punjab Kings CEO Satish Menon told media sources. 

“We’re hopeful all our overseas players — Marco Jansen, Josh Inglis, Marcus Stoinis, Azmatullah Omarzai, and Xavier Bartlett — will be available when the IPL restarts, which should be very soon.”

While the four Australians, Stoinis, Inglis, Aaron Hardie, and Bartlett, flew back to Australia, in contrast, Jansen and Afghanistan’s Azmatullah Omarzai opted to remain in Dubai, avoiding travel delays and keeping themselves ready for a quick call-up.

Punjab Kings are also awaiting an update on Australian all-rounder Michael Owen, who was recently playing in the Pakistan Super League (PSL) before its postponement. Owen is currently in Dubai, though his clearance paperwork is still in progress.

With 15 points from 11 matches, Punjab Kings are placed third on the IPL table and remain in strong contention for the playoffs. The franchise has three league-stage matches remaining. It also awaits a decision from the BCCI regarding its abandoned match against Delhi Capitals on May 8, which was halted due to security concerns with Punjab at 122 for one in the 11th over.

Meanwhile, the Pakistan Super League (PSL) has been postponed indefinitely, after earlier plans to move the tournament to Dubai were scrapped. The final eight matches of PSL were scheduled to be held in the Emirates.

Continue Reading

News

UAE sets new rules for responsible digital content and media growth

Published

on

At a time when digital platforms are shaping opinions and cultures at lightning speed, the UAE is drawing a clear line, one that embraces modern innovation while staying rooted in national identity and values.

This vision was at the heart of conversations at the Arab Media Forum in Kuwait, where the UAE was honoured as the Guest of Honour. Among the key voices was Mohammed Saeed Al Shehhi, Secretary-General of the UAE Media Council, who shared the country’s latest efforts to build a future-ready media environment.

“Our goal is to create a responsible, competitive media landscape that reflects who we are as a nation, while staying in step with global trends,” said Al Shehhi in a statement.

At the core of this effort is a comprehensive legislative roadmap that includes a new media law, executive regulations, and more policies on the way. But these are not just about control—they’re about empowerment. Designed to attract local and international investment, these measures also support content that is ethical, high-quality, and aligned with the UAE’s cultural values.

For the UAE, media is more than just news or entertainment—it’s a strategic sector with global potential.

Supporting Talent in a Fast-Changing World

Beyond laws and policies, the UAE is also investing in its people, especially its youth. With technology evolving rapidly, Al Shehhi stressed the importance of preparing the next generation of Emirati media professionals to meet new demands.

One major initiative is the Media Apprenticeship Programme, launched under the Nafis programme in partnership with the Emirati Talent Competitiveness Council. This hands-on training targets recent graduates, university students, and working professionals looking to upgrade their skills in a media world increasingly powered by artificial intelligence, virtual reality, and advanced digital tools.

“The future of our media industry lies in the hands of our young people,” said Al Shehhi. “We’re equipping them not just with tools, but with a mindset that balances creativity, responsibility, and innovation.”

Setting Standards for a Digital World

The UAE Media Council has also rolled out new content guidelines to ensure media, both traditional and digital, meet quality and ethical standards. These cover everything from protecting individual rights to ensuring age-appropriate content, acting as a moral compass in a digital landscape that often lacks clear boundaries.

Continue Reading

Crime

Jet ski violations in Dubai could cost you Dh5,000, police warn

Published

on

Dubai Police have issued a strong warning to jet ski rental companies and users after a major inspection at Fishing Harbour 3 uncovered multiple safety and licensing violations. The Ports Police Station confiscated 32 unfit jet skis and recorded 39 violations during the campaign, which is part of a broader effort to ensure marine safety and regulate rental practices. Offenders face fines of up to Dh5,000.

Fines of up to Dh5,000 can be issued for using unlicensed or unsafe watercraft, operating with expired licences, or obstructing inspectors. Officials stressed that failure to follow marine safety rules can put lives at risk and result in serious penalties.

The Ports Police Station launched the campaign to make sure jet ski businesses are following safety rules and rental procedures properly. Some watercraft were seized for being damaged, involved in past accidents, or unfit for use.

Brigadier Dr Hassan Suhail Al Suwaidi, Director of the Ports Police Station, said the move is part of wider efforts to keep Dubai’s waters safe for residents and tourists.

Common Violations Included:

  • Failing to maintain or check jet skis regularly
  • Missing or unclear rental contracts
  • Lack of digital documentation
  • Operating in restricted areas

Fines and Penalties:

  • Dh5,000 for using an unlicensed or unsafe watercraft
  • Dh1,000 for expired licences
  • Dh5,000 for blocking inspectors during checks

Brigadier Al Suwaidi reminded all rental firms to ensure their jet skis are safe, well-maintained, and operated according to the law. He also called for clear contracts and strict safety checks before and after every rental.

Continue Reading

Popular

© Copyright 2025 HEADLINE. All rights reserved

https://headline.ae/