News

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

Published

5 years ago

October 19, 2021

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 signals new energy era with OPEC exit decision

Published

7 hours ago

April 28, 2026

Michael Gomes

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In a major shift for global energy markets, the UAE has announced plans to exit OPEC and the OPEC+ alliance, effective May 1, 2026.

The move signals a bold step in the UAE’s long-term strategy, as it looks to gain greater control over its production policy and respond more flexibly to changing global demand.

Officials said the decision follows a comprehensive review of the country’s energy capacity and future outlook, with a focus on national interest and the ability to meet market needs more efficiently.

Despite ongoing geopolitical pressures, including supply concerns, global energy demand is expected to remain strong in the years ahead. The UAE says it is positioning itself to meet that demand with a balance of reliability, affordability, and sustainability.

The country, which first joined OPEC in 1967 through Abu Dhabi, has long played a key role in stabilising oil markets. Officials described the exit not as a break, but as an ‘evolution’, one that allows the UAE to act more independently while still supporting global market stability.

Positioning itself as a reliable energy partner, the UAE said it will continue supplying some of the world’s most cost-competitive and lower-carbon oil, while gradually adjusting production in line with demand.

At the same time, the country is doubling down on investments across the energy spectrum, from oil and gas to renewables and low-carbon technologies, as part of a broader push toward long-term resilience and economic diversification.

Source: WAM

Crime

UAE issues stark warning on price fixing: ‘It’s a crime’

Published

11 hours ago

April 28, 2026

Michael Gomes

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Price manipulation isn’t just unfair, it’s illegal in the UAE.

The UAE Public Prosecution has issued a strong warning to businesses, making it clear that inflating or fixing prices crosses the line into criminal activity, not clever strategy.

In a statement shared online, authorities reinforced that the UAE’s free-market system is built on fairness, transparency, and strict legal oversight. Any attempt to distort competition or exploit consumers is taken seriously and can carry legal consequences.

At the centre of this is Federal Decree-Law No. 36 of 2023, which bans monopolistic behaviour, price-fixing agreements, and the misuse of market dominance. The goal: keep markets open, competitive, and fair for everyone.

The Public Prosecution also highlighted its role in cracking down on economic crimes, working closely with other authorities to detect violations and protect consumers.

The message is simple: if you manipulate prices, you’re not just bending the rules — you’re breaking the law.

News

Don’t drive away: New Sharjah campaign targets minor hit-and-run cases

Published

11 hours ago

April 28, 2026

Michael Gomes

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Motorists in Sharjah are being reminded to stay put after any accident, no matter how minor.

Sharjah Police has issued a fresh warning that leaving the scene of a collision, even a small scratch or low-speed bump, can lead to serious legal and financial consequences.

As part of a new awareness campaign, authorities stressed that every traffic accident must be reported, regardless of how insignificant it may seem. What some drivers consider a harmless parking lot scrape is officially treated as a hit-and-run if they drive away without reporting it.

The reminder comes as officials aim to clear up a common misunderstanding, many motorists assume minor incidents in residential areas or parking spaces don’t need to be reported. According to police, that’s simply not the case.

Under current traffic rules, leaving the scene of a minor accident can result in a Dh500 fine, eight black points on a driver’s record, and vehicle impoundment for seven days. Release fees can go up to Dh5,000, and repeated violations may even lead to licence suspension.

To drive the message home, police released an awareness video showing how quickly small accidents can happen in tight spaces like parking lots and narrow streets, and how easily they can turn into bigger legal issues when drivers fail to stop.

Authorities are urging motorists to stay at the scene, check on everyone involved, and report the incident through official channels, including the police app or by calling 901 for non-emergency situations.

In the end, officials emphasise that reporting an accident right away is the safest and simplest option, helping resolve matters quickly while avoiding penalties that can far outweigh the original incident.