UAE on the rise: From AI-Driven Innovation and Global Partnerships Shape the Future of Technology

Welcome to the latest edition of UAE Talent Pulse! This month, we look at the UAE Cabinet approved a Dh71.5 billion federal budget for 2025, focused on growth, sustainability, and balanced spending. Minister Ohood Al Roumi emphasized future readiness, AI, and sustainability investments. With 5,600 start-ups, the UAE leads in innovation, particularly fintech. GITEX Global 2024 highlighted AI’s global impact, strengthening Dubai's tech leadership.

UAE approves Dh71.5-billion federal budget for 2025, largest in history

The UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, has approved a Dh71.5 billion federal budget for 2025, marking the largest to date. Key allocations include Dh27.859 billion for social development and pensions (39%), Dh25.570 billion for government affairs (35.7%), Dh2.581 billion for infrastructure and economy (3.6%), and Dh2.864 billion for financial investments (4%). This reflects the UAE's commitment to growth, resource sustainability, and balanced public spending across sectors.

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UAE committed to working with global partners to shape better future for all

Ohood Bint Khalfan Al Roumi, UAE Minister of State for Government Development and the Future, emphasized the urgency of proactive action in shaping the future, highlighting the UAE's commitment to future readiness. She noted key initiatives, including AI and sustainability investments, to ensure long-term prosperity. Al Roumi stressed the importance of adapting to global trends like digital economies and cybersecurity.

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UAE emerges as leading regional hub for start-ups

The UAE has become a top hub for start-ups, driven by its innovation-focused policies and supportive investment environment. By mid-2024, over 5,600 start-ups were registered, leading the region, particularly in fintech with 550 companies. Key emirates like Abu Dhabi, Dubai, and Sharjah foster growth, contributing to the UAE’s global competitiveness.

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GITEX concludes underscoring AI’s pivotal role as a transformative tool

GITEX Global 2024 concluded, showcasing AI's transformative role in global industries. With 6,500 exhibitors, 1,800 startups, and 1,200 investors from over 180 countries, Dubai solidified its status as a premier tech hub. The event fostered partnerships, innovation, and AI-driven growth, cementing GITEX’s role as the world’s largest tech gathering.

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More from Halian:

• Top Tips for Implementing Flexible Work Arrangements in the Middle East - Flexible work arrangements offer greater autonomy and work-life balance. In the Middle East, organizations can adopt them by respecting cultural norms, communicating transparently, supporting technology, focusing on results over hours, providing structured flexibility, promoting a supportive culture, and ensuring leadership embraces flexibility to foster productivity and employee satisfaction.
• The top five jobs in technology in the Middle East - The Middle East is focusing on innovation, particularly in tech. Key jobs include Software Engineer, IT Project Manager, Data Scientist, Cybersecurity Specialist, and Cloud Solutions Architect, reflecting the region's growing demand for skilled professionals.
• Want to live and work in the UAE? Here's what you need to know - Dubai and Abu Dhabi have become business hubs in the Middle East. If considering a career move, understand entry requirements, working hours, living expenses, medical services, cultural norms, and communication practices.

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