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Hafeet Rail inks contracts for freight wagons, logistics facilities, and transport of raw minerals
Plus: Alef Education expands AI learning solutions in Indonesia
THIS MORNING: France, UAE to invest in AI as part of planned strategic partnership
Plus: Construction costs could rise 2-5% in the UAE this year
The UAE’s non-oil foreign trade hit AED 3 tn in 2024
Non-oil exports were the main contributors, with a total of AED 561.2 bn
UAE President and Saudi Crown Prince talk bilateral relations
PLUS: Iranian-Emirati naval forces meet
Logic Holding acquires majority stake in Nexel to expand GCC presence
The exact size of Logic’s ownership in Nexel was not disclosed
THIS MORNING: Mubadala acquires shares in US HR firm Deel -CNBC + Arcapita sets up shop in ADGM
Plus: Could US aluminum exporters benefit from the US’ proposed tariffs on Canada?
Markets react to the impending Trump tariffs
Markets aside, the tariffs will have a broader economic impact, possibly hurting the economies of the US and its neighbors
UAE cabinet greenlights new federal logistics council, cybersecurity strategy, and more
The cabinet also approved a new talent attraction strategy
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