Dubai Aerospace Enterprise (DAE) plans to raise $2.1 billion to meet working capital requirements, according to a Bloomberg report cited by Zawya. The seven-year loan will be arranged by major institutions including Bank of China, ICBC, and China Construction Bank (Asia). The financing will be split into US dollar and UAE dirham tranches.
The UAE has partnered with the World Economic Forum to launch three global initiatives, including a $1 million agentic AI innovation challenge. The collaboration also establishes the Global Centre for Future Opportunities to translate emerging technologies into policy. A third programme, Future 20, will recognise 20 emerging leaders under 30.
Official guidance across five countries, including the United Arab Emirates, confirms that visa sponsorship does not grant employers control over workers' passports or remuneration. In the UAE, government regulations strictly prohibit passport confiscation, and private-sector employers must comply with Wage Protection System rules regardless of cash-flow issues. Labour complaints for covered UAE private-sector employees must be addressed through the Ministry of Human Resources and Emiratisation.
The Mohammed bin Rashid Center for Leadership Development has signed two memoranda of understanding with Peking University in China and Seoul National University in South Korea. The agreements establish a new series of Dubai Leadership Research aimed at MBA and executive education curricula. The signing took place during the Mohammed bin Rashid Leadership Forum in Dubai.
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