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Tasks of the 50: UAE consents to arrangements to dispatch fourth modern transformation program

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Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Sarah Bint Yousef Al Amiri, Minister of State for Advanced Technology and Omar Suwaina Al Suwaidi, Under-Secretary of Ministry of Industry and Advanced Technology with representatives of 12 industrial entities at the launch of Fourth Industrial Revolution Programme, known as “UAE Industry 4.0”. Image Credit: WAM
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Program means to increment modern efficiency by 30% and add Dh25b to GDP

UAE’s Ministry of Industry and Advanced Technology (MoIAT) marked Memorandum of Understanding (MoUs) with 12 modern elements and the Departments of Economic Development of Abu Dhabi, Dubai and Ajman to launch the recently reported Fourth Industrial Revolution Program, known as “UAE Industry 4.0”.

Dispatched as a feature of Projects of the 50 recently, “UAE Industry 4.0” will speed up the combination of 4IR arrangements and applications across the UAE’s modern area, upgrading UAE’s generally speaking modern intensity, driving down costs, expanding usefulness and effectiveness, upgrading quality, further developing wellbeing and making new positions.

The program intends to increment modern usefulness by 30% and add Dh25 billion to the public GDP.

“In accordance with our administration’s vision, the Ministry of Industry and Advanced Technology centers around expanding the modern area’s commitment to the public GDP, empowering financial expansion and changing to an information based economy, said Sultan Al Jaber, UAE Minister for Industry and Advanced Technology and ADNOC CEO.

Champions 4.0 Network

The drive incorporates the foundation of the ‘Champions 4.0 Network’ , in which driving neighborhood and global organizations will join to share best practice in the arrangement of 4IR advances across the UAE’s modern area. Taking part elements incorporate the Abu Dhabi National Oil Company (ADNOC), EDGE, Honeywell, Unilever, Ericsson, Schneider Electric, Emirates Global Aluminum, Microsoft, CISCO, SAP, AVEVA and Siemens.

The betwork will then, at that point, support the making of 100 “beacons”, or WEF-classified I4.0 associations, by 2031, while likewise developing the ideal business climate to build up or draw in 500 tech organizations by that very year. These anchor organizations will assist with driving usefulness, development and proficiency in their individual areas. One more key mainstay of the organization, is a program that will distinguish, survey and afterward help 200 organizations ready for Industry 4.0 change.

“UAE flaunts a dynamic modern area, one that has made a huge commitment to our quick financial turn of events. What’s more, with the cooperation between our public, private and scholarly areas, we have cultivated an empowering modern environment” said Al Jaber.

“UAE Industry 4.0 will expand on these skills to speed up the course of financial expansion currently in progress,” he added.

Zero in on tech-concentrated areas

The first-of-its-sort program in the Middle East will zero in on two equal tracks: fabricating an establishment for innovation inside existing enterprises in the UAE and cultivating the advancement of new, innovation escalated businesses.

Sarah Al Amiri, UAE Minister of State for Advanced Technology, said: “UAE Industry 4.0 is the foundation, and the initial step, on which we try to propel the public modern area and empower complete and reasonable financial development.”

“From the beginning, UAE Industry 4.0 was intended to expand on our current qualities including the UAE’s I4.0 guidelines and light-footed strategy improvement system, different anchor ventures and a-list ICT foundation, while utilizing organizations from across areas and businesses to catch the guarantee of the Fourth Industrial Revolution, ” said Al Amiri.

“Accordingly, the comprehensive and accomplice based program is intended to make drives that bring issues to light, energize information sharing and data, help ability and range of abilities improvement and, critically, offer impetuses and admittance to financing through significant elements, for example, the AED5bn as of late designated by the Emirates Development Bank for cutting edge innovation,” she added.

Al Amiri added, “The arrangements marked today with our financial improvement accomplices in Abu Dhabi, Dubai and Ajman, will uphold the advancement of 4IR arrangements across the UAE’s modern area.”

She proceeded to say, “Close by our accomplices from the DEDs, through making the Champions 4.0 Network we mean to help arising, little and medium-sized organizations in embracing cutting edge innovation. Through a progression of exercises and studios our heroes will grandstand effective uses and best acts of 4IR and assume a significant part in driving the innovative change of the public modern area.”

“Eventually,” Al Amiri closed, “by onboarding our monetary advancement accomplices and bosses of industry today, we are laying the preparation to work with an empowering modern environment which can help the 4IR abilities that will be basic to the maintainable financial improvement of our country.”

UAE Industry 4.0 has been intended to add to UAE’s authority’s vision illustrated in the Principles of the 50 – building the best and most unique economy on the planet, zeroing in on human resources, and solidifying the situation of the country as a worldwide center for computerized, specialized, and logical greatness over the course of the following 50 years and then some.

Business

UAE Central Bank assures public financial system is stable and fully operational

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Central Bank of the UAE has reassured residents and businesses that the country’s financial system remains strong, stable and fully operational despite rising geopolitical tensions across the region.

The regulator said banks, financial institutions and insurance companies across the UAE continue to operate normally, delivering services to customers without disruption.

Khaled Mohamed Balama said the sector remains resilient and well-positioned to navigate evolving regional developments.

“The UAE’s banking and financial sector continues to demonstrate the highest levels of resilience and stability,” he said.

Strong foundations of the financial sector

According to the central bank, the sector is built on strong governance frameworks, diversified institutions and proactive risk management systems designed to respond quickly to regional and global economic shifts.

Balama noted that the regulator has played a key role in strengthening the country’s financial stability and global reputation.

Strong capital and liquidity buffers

Financial indicators show that the UAE banking sector is entering the current period of regional uncertainty from a position of strength.

  • Capital adequacy ratio: around 17%
  • Liquidity Coverage Ratio: above 146.6%

Both indicators remain well above international regulatory requirements, reflecting strong financial buffers across the sector.

Total assets in the UAE banking system have also grown significantly, exceeding Dh5.42 trillion, highlighting the scale and stability of financial institutions operating in the country.

These strong capital and liquidity levels help banks absorb economic shocks and maintain lending activity even during periods of uncertainty.

The Central Bank also confirmed that banking infrastructure, digital platforms and payment networks continue to operate smoothly across the country.

“I reaffirm that the UAE’s banking systems, payment systems and national financial infrastructure continue to operate with full efficiency and stability,” Balama said.

Continuous monitoring and preparedness

Authorities said the financial sector remains under close monitoring, with ongoing coordination between the central bank, financial institutions and government entities.

Banks in the UAE operate under regulatory frameworks that require continuous risk monitoring, stress testing and business continuity planning aligned with international best practices.

The Central Bank said it maintains a wide range of monetary and prudential policy tools to support financial stability when needed.

Balama reaffirmed the regulator’s commitment to safeguarding the sector’s stability and supporting the UAE’s long-term economic growth.

“I reaffirm the Central Bank of the UAE’s unwavering commitment to closely monitor developments, maintain full operational readiness and provide the necessary support to safeguard the achievements realised over more than five decades of progress and prosperity,” he said.

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Indian Embassy issues advisory for citizens in UAE: Stay vigilant, follow safety guidelines

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The Embassy of India in Abu Dhabi on Thursday issued an advisory for Indian nationals living in the UAE, urging them to remain vigilant and follow safety instructions issued by local authorities.

In its advisory, the embassy said that all Indian nationals currently in the UAE should remain calm, stay alert, and adhere to the safety guidelines of the UAE authorities, while also keeping track of official updates issued from time to time.

The UAE is home to more than 4.3 million Indian expatriates, making Indians the largest expatriate community in the country.

Airspace restrictions

The mission noted that airspace restrictions and temporary suspension of regular scheduled flights remain in place due to the exceptional circumstances affecting the region.

However, stranded Indian nationals can avail themselves of limited non-scheduled flight services currently operating between the UAE and India.

According to the embassy, Indian and UAE airlines are operating special flights to multiple destinations in India, subject to operational and safety approvals from relevant authorities.

The advisory also reminded stranded travellers about the waiver of overstay fines announced by the Federal Authority for Identity, Citizenship, Customs and Ports Security.

Several stranded Indian nationals have already returned home on these special flights, with many praising the assistance provided during the disruption.

Embassy operations continue

The embassy confirmed that its services continue to operate normally.

“The Government of India attaches the highest importance to the safety and well-being of Indians abroad and is monitoring developments at the highest level,” the mission said.

The Embassy in Abu Dhabi and the Consulate in Dubai remain in close contact with UAE authorities and community leaders to support the Indian diaspora.

Helpline for Indians

Indian nationals in the UAE seeking assistance can contact the embassy through the following 24/7 helplines:

  • Toll-free: 800-46342
  • WhatsApp: +971 543090571

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Crime

Dubai Police warn against illegal fireworks use, trading: Violators face jail and Dh100,000 fine

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Dubai Police has issued a warning to the public against the use, possession, or trading of fireworks and firecrackers, stressing the dangers they pose to lives, property, and community safety.

In a social media post, the police urged residents to avoid illegal fireworks and reminded them that violators will face legal consequences under UAE law.

Authorities called on the public to report any incidents involving the possession, use, or sale of fireworks by contacting the 901 Call Centre. Officials noted that trading fireworks without a licence can result in up to one year in prison and a fine of up to Dh100,000.

Safety reminder to residents

In another message shared online, Dubai Police urged residents to act responsibly when it comes to fireworks.

“Fireworks may sparkle for seconds, but the consequences can last forever. Choose safety, choose responsibility. Protect yourself and the ones you love with one conscious decision,” the police said.

The warning comes amid ongoing enforcement efforts across the UAE to combat the illegal trade and misuse of fireworks.

Major seizure of illegal fireworks in Sharjah

Recently, Sharjah Police arrested a man who was found in possession of 18,670 illegal fireworks.

Police said the suspect was also using his vehicle to promote the sale of fireworks. The arrest followed careful monitoring by specialised police teams, who tracked the suspect before identifying the storage location.

After completing legal procedures, authorities confirmed the large quantity of fireworks stored illegally.

What UAE law says

Under Article 54 of Federal Decree Law No. 17 of 2019 on Weapons, Ammunition, Explosives, Military Material and Hazardous Substances, trading in illegal fireworks is considered a criminal offence in the UAE.

Anyone who imports, exports, manufactures, sells, or transports fireworks without a licence can face imprisonment for at least one year and a minimum fine of Dh100,000, or either penalty.

Authorities continue to urge residents to follow safety regulations and report illegal activities to help maintain public safety across the country.

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