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DIFC Joins Global Privacy Forum, Marking Milestone for Cross-Border Data Governance

Dubai International Financial Centre has become a member of the Global Cross-Border Privacy Rules (CBPR) Forum, positioning Dubai among a small group of jurisdictions shaping international standards for cross-border data protection.

The announcement was made at a Global CBPR Forum workshop in the Philippines. DIFC is the first jurisdiction outside the Asia-Pacific Economic Cooperation (APEC) framework to join the forum. As part of the membership requirements, DIFC has also joined the Global Cooperation Arrangement for Privacy Enforcement (Global CAPE), which supports collaboration among privacy regulators.

The move aligns with the UAE’s Digital Economy Strategy and reflects DIFC’s efforts to strengthen legal and regulatory frameworks governing the international flow of personal data. Membership in the forum is intended to facilitate global trade while maintaining safeguards for secure and transparent data transfers.

His Excellency Arif Amiri, Chief Executive Officer of DIFC Authority, said the membership recognises the centre’s work in data and privacy protection. He noted that the scale and speed of global data exchange, particularly in financial services, require clear and enforceable standards. DIFC’s data protection regime applies to more than 8,000 registered companies operating within the centre.

The CBPR system certifies organisations that meet specified requirements for cross-border transfers of personal data. Originally developed under APEC, the system was expanded in 2022 with the establishment of the Global CBPR Forum, which allows participation by jurisdictions beyond the Asia-Pacific region and aims to promote regulatory interoperability worldwide.

In 2023, DIFC introduced Regulation 10, addressing the processing of personal data through autonomous and semi-autonomous systems, including artificial intelligence and machine learning technologies. The regulation was the first of its kind in the Middle East, Africa and South Asia region and provides a framework for the responsible use of such technologies.

DIFC’s Global CBPR membership follows its participation in the Global Privacy Assembly (GPA) in Seoul in September. During that event, the DIFC Commissioner of Data Protection signed cooperation agreements with privacy authorities in Brazil, the Isle of Man, Uganda and Kenya. DIFC is scheduled to host the GPA conference in Dubai in 2026, following the #Risk GCC event held in December 2025.

Photo credits: Government of Dubai Media Office

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Alexander Agafiev Macambira

Alexander Agafiev Macambira is former tech contributing writer for Forbes Monaco.

DIFC Joins Global Privacy Forum, Marking Milestone for Cross-Border Data Governance

Hatta Festival Program Brings Youth Closer to Emirati Agricultural Heritage

Hatta Festival 2025 continues to highlight community-based activities aimed at preserving the UAE’s cultural and agricultural heritage, with a focus on engaging younger generations through direct participation.

As part of the festival’s community program, a cultural activity was held at a private farm in Hatta, where children and young people aged six to 16 were introduced to traditional Emirati farm life. The experience was hosted by Kaltham Al Hattawi, who guided participants through longstanding agricultural practices, including goat milking and the preparation of yogurt and cheese using traditional methods. Each step was explained to provide context on daily life in earlier generations.

Amina Taher, a member of the Hatta Festival Organising Committee, thanked Al Hattawi for hosting the activity and noted its educational value. She said the experience helped children and adolescents better understand agricultural traditions and community life in the UAE, highlighting Hatta’s role in preserving this heritage alongside its development as a tourism destination within Dubai.

The activity is part of the broader Hatta Festival 2025 program, currently taking place along the shores of Leem Lake. The festival continues to offer community-led experiences that emphasize cultural continuity and strengthen young people’s connection to national identity through practical, heritage-based learning.

Photo credits: Government of Dubai Media Office

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Oksana Bozhko

Oksana Bozhko is a Contributor to Dubai Voice.

Hatta Festival Program Brings Youth Closer to Emirati Agricultural Heritage

Dubai Tests Drones to Clean Traffic Signals

Dubai’s Roads and Transport Authority has begun a pilot program using drones to clean traffic signals, replacing manlifts traditionally used for the task.

The authority said the initiative is intended to improve safety, cut costs, and reduce the environmental impact of maintenance operations. By eliminating the need for heavy equipment, the drone-based method lowers fuel and water use and reduces emissions.

According to Abdulla Ali Lootah, director of roads and facilities maintenance at the Traffic and Roads Agency, the pilot compares drone cleaning with conventional methods across several measures, including time, cost, quality, and safety compliance.

Initial trials were conducted at the Marrakech Street–Rebat Street junction, where limited traffic closures were put in place during testing. The authority reported that drones reduced cleaning time by between 25 and 50 percent, completing one side of a traffic signal in three to four minutes. Operational costs were reduced by up to 15 percent, with the potential to reach 25 percent as drone technology advances.

Mr. Lootah said the pilot would continue, with the next phase focused on refining cleaning methods while maintaining safety standards and avoiding disruption to traffic flow.

Photo credits: Government of Dubai Media Office

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Alexander Agafiev Macambira

Alexander Agafiev Macambira is former tech contributing writer for Forbes Monaco.

Dubai Tests Drones to Clean Traffic Signals

Majid Al Futtaim Lists $500 Million Sukuk on Nasdaq Dubai

Nasdaq Dubai has listed a $500 million sukuk issued by MAF Sukuk Ltd. and guaranteed by Majid Al Futtaim Holding LLC, underscoring the company’s continued use of Dubai’s international debt markets. The Islamic bond matures on Oct. 22, 2035, carries a profit rate of 4.875 percent and is rated BBB by both S&P Global Ratings and Fitch Ratings.

The issuance drew orders exceeding $2 billion, according to the exchange, and will be used for general corporate purposes and refinancing. It follows Majid Al Futtaim’s recent hybrid bond sale, which was more than five and a half times oversubscribed and priced at 5.75 percent.

The listing was marked by a bell-ringing ceremony at Nasdaq Dubai attended by Ahmed Galal Ismail, chief executive of Majid Al Futtaim Holding, and Hamed Ali, chief executive of Nasdaq Dubai and the Dubai Financial Market. Both executives pointed to sustained investor demand and Dubai’s role as a hub for Islamic and conventional debt issuance.

With the latest sukuk, Majid Al Futtaim now has $2.2 billion of sukuk listed on Nasdaq Dubai across four issuances. The transaction brings the total value of debt securities listed on the exchange to more than $145 billion.

Photo credits: Government of Dubai Media Office

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Alexander Agafiev Macambira

Alexander Agafiev Macambira is former tech contributing writer for Forbes Monaco.

Majid Al Futtaim Lists $500 Million Sukuk on Nasdaq Dubai

Emirates and Dubai Humanitarian Open Airbridge to Deliver Emergency Aid to Sri Lanka

Emirates Airline and Dubai Humanitarian have launched an airbridge to Sri Lanka to transport urgent humanitarian assistance following the impact of Cyclone Ditwah. Over the next two weeks, Emirates will provide more than 100 tonnes of cargo capacity at no cost on its daily passenger flights to Colombo, enabling the rapid movement of relief supplies to affected areas.

The first consignments departed Dubai International Airport on Tuesday, 9 December, aboard three non-stop Emirates flights to Colombo. The shipments included fortified biscuits from the World Food Programme, food items and relief supplies from the Consulate General of Sri Lanka in Dubai and the Northern Emirates, and tarpaulins and additional materials from the International Federation of Red Cross and Red Crescent Societies. Upon arrival, the aid will be handed to a government-established disaster management unit for distribution to communities affected and displaced by severe flooding.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, said the airline was mobilising its operational capacity in coordination with Dubai Humanitarian to ensure a steady flow of essential supplies to Sri Lanka. He noted the airline’s commitment to dedicating bellyhold cargo space on its daily flights to support ongoing relief efforts.

Mohammed Ibrahim Al Shaibani, Chairman of Dubai Humanitarian, said the collaboration reflected the strength of the partnership between the two entities and Dubai’s role as a global center for humanitarian response. He added that close cooperation with partners was essential to delivering aid quickly and efficiently during emergencies.

Dubai Humanitarian, the world’s largest humanitarian hub, works with more than 80 humanitarian organisations and companies. Since formalising their partnership in 2020, Emirates and Dubai Humanitarian have coordinated multiple relief missions, transporting hundreds of tonnes of aid in response to natural disasters and humanitarian crises.

These efforts have included airlifts following the 2023 earthquakes in Turkey and Syria, as well as the establishment of an airbridge during catastrophic flooding in Pakistan, when Emirates provided cargo capacity across its passenger network to deliver emergency supplies to multiple airports across the country.

Photo credits: Government of Dubai Media Office

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Oksana Bozhko

Oksana Bozhko is a Contributor to Dubai Voice.

Emirates and Dubai Humanitarian Open Airbridge to Deliver Emergency Aid to Sri Lanka

DP World Unveils 36-Hour Sea Link Between Dubai and Iraq

DP World has launched a new maritime service connecting Dubai’s Mina Rashid with Iraq’s Umm Qasr Port, cutting transit times to 36 hours and offering an alternative to overland trucking. The route is designed to carry up to 145 accompanied trailers per sailing, with drivers traveling on board.

The service was inaugurated at Mina Rashid with the arrival of DP World Express, a roll-on/roll-off vessel that has been upgraded at Drydocks World. Commercial operations are scheduled to begin in December 2025. The launch ceremony was attended by senior officials from the United Arab Emirates and Iraq, as well as executives from DP World and related authorities.

The vessel will transport non-containerised, full trailer units, providing a direct door-to-door option between the UAE and Iraq. DP World said the route is intended to improve reliability, reduce border-related delays and support onward connections to neighboring markets, including Jordan and Syria, through established inland networks. On return voyages, the ship will carry Iraqi export cargo to the UAE.

Company executives said the service responds to demand for faster and more predictable cross-border movement of goods, while reducing handling requirements. DP World also noted that shifting freight from longer land routes to sea transport could lower emissions associated with regional logistics.

Photo credits: Government of Dubai Media Office

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Alexander Agafiev Macambira

Alexander Agafiev Macambira is former tech contributing writer for Forbes Monaco.

DP World Unveils 36-Hour Sea Link Between Dubai and Iraq

DIFC Emerges as a Top Five Global Hub for Hedge Funds

Dubai International Financial Centre has entered the top tier of global hubs for hedge fund managers, passing a milestone that underscores its rapid rise in alternative investments.

The Centre has now registered more than 100 hedge funds, doubling from 50 at the start of 2024. Of these, 81 manage more than $1 billion in assets. DIFC’s growth places it among the world’s five largest hedge fund centres, reinforcing its role as the leading financial hub across the Middle East, Africa and South Asia.

New hedge fund managers establishing operations in DIFC during 2025 include Baron Capital Management, BlueCrest Capital, Naya Capital Management, Nine Masts Capital, North Rock Capital, Pearl Diver Capital, Select Equity Group, Strategic Investment Group, Silver Point Capital, Squarepoint Capital and Welwing Capital Group. They join established global firms already operating in the Centre, including Balyasny, BlackRock, Blue Owl, Brevan Howard, Dymon Asia, Exodus Point, Hudson Bay, Millennium, Qube Research and Technologies, and Verition.

DIFC has attracted hedge fund managers by offering access to Asian, European and U.S. markets, a large and specialised talent pool, and capital from ultra-high-net-worth individuals, family offices and sovereign wealth funds. Its banking and advisory infrastructure supports trading and capital-raising across regions.

Arif Amiri, Chief Executive Officer of the DIFC Authority, said the milestone reflected the maturity of the Centre’s platform and growing confidence among global managers. He noted that client focus, partnerships and product innovation have supported DIFC’s expansion across alternative investments.

One of DIFC’s initiatives is the DIFC Funds Centre, a co-working model designed to allow asset managers to establish and scale operations efficiently. The space hosts large global firms as well as mid-sized managers, spinouts and start-ups. More than 85 percent of DIFC-based hedge fund managers are able to raise and manage private and sovereign capital from the Centre.

Momentum in the sector is supported by broader trends outlined in DIFC’s recent report on alternative investments, which highlights the impact of technology, regulatory reform and wider investor access. According to the report, high-net-worth individuals and family offices have doubled their allocations to alternative investments since 2008, to about 15 percent of portfolios.

DIFC’s wider wealth and asset management sector now includes more than 470 firms. The Centre is home to over 1,250 family-related business entities and benefits from the UAE’s position as a leading destination for global wealth migration. Henley & Partners projects that 9,800 millionaires will have relocated to the UAE by the end of 2025.

Photo credits: Government of Dubai Media Office

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Alexander Agafiev Macambira

Alexander Agafiev Macambira is former tech contributing writer for Forbes Monaco.

DIFC Emerges as a Top Five Global Hub for Hedge Funds

UAE and Ecuador Leaders Hold Talks on Expanding Bilateral Cooperation

At a meeting in Dubai on Thursday, Sheikh Mohammed bin Rashid Al Maktoum, the United Arab Emirates’ Vice President, Prime Minister, and Ruler of Dubai, held discussions with Ecuador’s president, Daniel Noboa, focused on broadening cooperation between the two countries. The talks took place at Zabeel Palace during President Noboa’s official visit to the UAE.

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the UAE’s Deputy Prime Minister and Minister of Finance, joined the meeting, which centered on strengthening economic, trade, and investment ties. The two sides also reviewed prospects for collaboration in renewable energy, sustainability, tourism, agriculture, and the digital economy - areas both governments consider essential to long-term development.

Sheikh Mohammed said the UAE aims to deepen its economic partnerships across Latin America, including with Ecuador, and highlighted the country’s focus on emerging sectors such as renewable energy and the green and digital economies. He noted that these priorities align with the broader development agenda set by UAE President Sheikh Mohamed bin Zayed Al Nahyan.

President Noboa conveyed greetings from the Ecuadorian government and highlighted his country’s interest in expanding trade and investment flows with the UAE. He said Ecuador seeks to draw on the UAE’s development experience, particularly as both nations look to modernize key sectors and diversify their economies.

Senior officials from both governments attended the talks, including representatives from the UAE’s civil aviation, cabinet affairs, international cooperation, artificial intelligence, and logistics sectors, as well as Ecuador’s foreign affairs, communications, and technology ministries.

The two leaders also discussed regional and international issues and underscored the need for joint efforts to support peace and stability. Both governments said the relationship has grown steadily in recent years and expressed interest in encouraging greater cooperation between public and private institutions in each country.

Photo credits: Government of Dubai Media Office

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Oksana Bozhko

Oksana Bozhko is a Contributor to Dubai Voice.

UAE and Ecuador Leaders Hold Talks on Expanding Bilateral Cooperation

DEWA Projects Advance Sustainable Development in Hatta

Dubai Electricity and Water Authority (DEWA) is expanding its portfolio of sustainability and tourism projects in Hatta, aligning with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum and the Dubai 2040 Urban Master Plan. The initiatives aim to reinforce Hatta’s position as a model for balancing environmental preservation with economic development.

HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, said the projects support Dubai’s broader development strategy, including the Dubai Economic Agenda D33 and Dubai Social Agenda 33. He said DEWA’s work in Hatta seeks to strengthen the area’s competitiveness as a destination for tourism and investment while maintaining its natural landscape and heritage.

Central to the effort is the Hatta Pumped-Storage Hydroelectric Power Station, the first facility of its kind in the GCC, capable of delivering full power to the grid within 90 seconds. DEWA has also developed water infrastructure, including a 30-million-gallon desalinated water reservoir, microfiltration units for emergency dam water treatment, and new interconnections with other emirates. Additional initiatives include the Shams Dubai solar programme.

To enhance Hatta’s tourism appeal, DEWA launched the Hatta Sustainable Waterfalls project at the upper dam of the hydroelectric station. The site features what Guinness World Records has recognised as the world’s largest mosaic mural, created with Brand Dubai and depicting the UAE’s Founding Fathers.

DEWA has also completed Al Rayan Mosque, a landmark of sustainable design. The mosque holds three global distinctions under the US Green Building Council’s LEED programme: LEED Platinum (2021), LEED Zero Energy (2024), and, in 2025, LEED Zero Carbon - the first mosque worldwide to achieve all three. Powered by photovoltaic panels generating 150% of its annual energy needs, the mosque exports surplus electricity to the grid and incorporates recycled materials, advanced air purification, facilities for People of Determination, and an EV charging station.

Photo credits: Government of Dubai Media Office

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Alexander Agafiev Macambira

Alexander Agafiev Macambira is former tech contributing writer for Forbes Monaco.

DEWA Projects Advance Sustainable Development in Hatta

Etihad Cup for Falcon Races Set to Begin in Dubai on December

Under the direction of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and President of both the International Federation of Falconry Sports and Racing and the UAE Falcons Federation, the Etihad Cup for Falcon Races will commence on December 13. Organized by the UAE Falcons Federation, the event will run through December 20.

The championship includes 19 races across four categories: Pure Jeer, Jeer Shaheen, Qarmoosha, and Jeer Taba. Trophies will be awarded in three competition segments: Sheikhs, Open Public, and Owners.

Now in its fourth year, the Etihad Cup continues to highlight falconry as a national sport and preserve Emirati cultural heritage. The competition brings together elite falconers, aiming to raise performance standards, professionalize local championships, and set benchmarks for other national events.

His Excellency Rashid bin Markhan, Secretary-General of the International Federation of Falconry Sports and Racing and of the UAE Falcons Federation, described the Etihad Cup as a leading event in falcon racing. He credited its growth to the strategic support of Sheikh Ahmed bin Mohammed and the oversight of Sheikh Zayed bin Hamad bin Hamdan Al Nahyan, Vice President of both federations, noting increased participation and enhanced operational standards each year.

The Etihad Cup, first held in 2022, has since become the UAE Falcons Federation’s flagship annual championship. The Farkh category refers to the age group of participating falcons. Winners in each race receive cash prizes, with the top three in each Cup race and the top ten in qualifying races awarded monetary rewards.

Photo credits: Government of Dubai Media Office

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Oksana Bozhko

Oksana Bozhko is a Contributor to Dubai Voice.

Etihad Cup for Falcon Races Set to Begin in Dubai on December

Emirates Concludes 2025 with Five Additional Global Awards

Emirates Airlines closed 2025 with five awards at the 32nd annual World Travel Awards in Bahrain, adding to more than 20 industry honors the airline has received this year. The latest accolades recognize Emirates as the world’s leading airline brand, highlight its inflight entertainment system, ice, and acknowledge its First Class service, First Class Lounges, and Skywards loyalty program. The awards include World’s Leading Airline Brand 2025; World’s Leading Airline Inflight Entertainment 2025; World’s Leading Airline Rewards Programme 2025 – Emirates Skywards; World’s Leading Airline – First Class 2025; and World’s Leading Airline Lounge – First Class at Dubai International Airport Terminal 3.

Earlier in the year, Emirates was named ‘Best Airline in the World’ for the eighth consecutive year at the ULTRAs Travel Awards, also receiving accolades for Best Premium Economy Class and a Lifetime Achievement Award for Services to Global Aviation, presented to Sir Tim Clark. Aviation Business Middle East recognized Emirates as ‘Airline of the Year’ and awarded ‘Best First Class of the Year.’ Additional honors include Forbes Travel Guide’s Best International Airline, Best International First Class, and Best International Airline Lounge; The Times and The Sunday Times Travel Awards’ Best Long-Haul Airline; and two awards from the APEX/IFSA Global EXPO in Long Beach, California, for inflight entertainment and overall customer experience. Emirates also received recognition earlier in 2025 from The Telegraph Travel Awards, YouGov’s 2025 Most Recommended Global Brand, and multiple categories at the Business Traveller Middle East Awards, including Best Airline Worldwide for the 12th consecutive year, Best First Class, Best Premium Economy Class, and Best Airport Lounge in the Middle East.

Photo credits: Government of Dubai Media Office

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Oksana Bozhko

Oksana Bozhko is a Contributor to Dubai Voice.

Emirates Concludes 2025 with Five Additional Global Awards
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