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The UAE Ministry of Industry and Advanced Technology and Emirates Development Bank have launched an online portal for the AED 1 billion National Industrial Resilience Fund. The five-year financing initiative aims to enhance domestic manufacturing capabilities and accelerate import substitution. Eligible companies can apply for capital expenditure financing and working capital facilities across critical industrial sectors.
Commercial transport operators in the UAE are preparing for operational changes under new federal traffic rules capping driving time at nine hours per 24-hour period. Taking effect on January 1, the regulations aim to address driver fatigue and will disrupt traditional 12-hour shifts. Companies will be legally responsible for compliance, with enforcement relying on electronic tachographs.
The UAE Ministry of Finance partnered with the World Bank Group to conduct a workshop in Dubai on public-private partnerships. The sessions focused on advancing the UAE's PPP legal framework, project feasibility, and risk allocation. Fifteen officials also received accredited CP3P certification to bolster domestic execution capabilities.
Dubai Chambers has signed a Memorandum of Understanding with the Jiangsu Chamber of International Commerce to bolster bilateral trade and investment. The partnership establishes a framework to support the expansion of Jiangsu companies, particularly from Yancheng, into Dubai while aiding Dubai businesses entering Jiangsu. Both entities will also coordinate joint commercial delegations, B2B matchmaking, and reciprocal investment forums.
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