His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured the 41st edition of GITEX GLOBAL x Ai Everything on Wednesday.
The world’s most influential technology sourcing and networking event is being held at the Dubai World Trade Centre (DWTC).
The global technology event has brought together more than 3,500 exhibitors from over 140 countries.
His Highness said advanced technology plays a vital role in the UAE’s efforts to drive sustainable growth and development.
He added that adopting innovative technology solutions to unlock the potential of every sphere of development and enhance the wellbeing of society is one of the nation’s highest priorities.
"We have a clear vision for the future, and we are steadfast in our efforts to achieve our aspirations. Our progress will be driven by our country’s talent and global collaborations that will bring the world’s best expertise to the UAE," said Sheikh Mohammed.
His Highness commended the efforts of the teams behind the organisation of various events and trade shows being held in Dubai and the seamless collaboration between various entities, which have helped the emirate gain the confidence of the global business community.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
The Ministry of Justice said seven companies reportedly based in the UAE and sanctioned by the United States for ties to Sudan do not operate in the country.
Dubai Police announced on Friday it arrested 222 beggars during Ramadan and Eid, after a campaign was launched under the slogan “An Aware Society, Free of Begging,” in partnership with other government entities.