Onjo Simson

  The decision to invite six new members to the BRICS group of economies is a significant development in the global order. The new members, all of which are considered middle powers, bring with them a wealth of experience and expertise that can help to shape the future of the BRICS bloc. The UAE's membership in BRICS is particularly noteworthy. The UAE is a small country with a large economy, and its membership in the bloc gives it a platform to play a more active role in global affairs. The UAE is also a major player in the Middle East, and its membership in BRICS can help to promote stability and cooperation in the region. The UAE's decision to join BRICS is a strategic move that is likely to have a number of positive implications for the country. First, it will give the UAE a greater voice in global affairs. As a member of BRICS, the UAE will be able to participate in discussions on a wide range of issues, including trade, investment, and security. This will give the UA...

  The United Arab Emirates (UAE) announced on Wednesday that its non-oil foreign trade reached a record high of 1.239 trillion UAE dirhams (about 337 billion U.S. dollars) in the first half of 2023. This represents a 14.4% year-on-year increase. The UAE's Vice-President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, said in a tweet that the country's non-oil foreign trade is projected to exceed 2.5 trillion dirhams this year. China was the UAE's biggest trading partner in the first half of 2023, followed by India, the United States, Saudi Arabia, and Türkiye. The contribution of gold exports to the UAE's non-oil foreign trade was 17.6%, compared to 14.3% in the corresponding period of 2022. The strong growth in the UAE's non-oil foreign trade is a positive sign for the country's economy. It suggests that the UAE is diversifying its economy away from oil and gas, and is becoming more integrated into the global economy. The UAE's strong t...

  In a bid to alleviate the impact of rising inflation on household budgets, India has implemented a significant measure by reducing cooking gas prices. With the country heading into seasonal festivals and gearing up for crucial elections, this move seeks to offer relief to citizens facing financial strains amidst economic challenges. The decision not only addresses the immediate concerns of the population but also highlights the government's commitment to ensuring the welfare of its citizens during a critical time.   Navigating Inflationary Challenges   As India grapples with the effects of inflation, the cost of essential commodities has been on the rise, impacting the budgets of families across the nation. This scenario becomes even more pressing as the country enters the festive season, a period traditionally associated with increased expenditures. Additionally, with key elections on the horizon, policymakers are keenly aware of the need to cushion the economi...

  The UAE is commemorating Emirati Women's Day on August 28, 2023. This year's theme is "We Collaborate for Tomorrow," which reflects the country's commitment to sustainable development and the important role that Emirati women play in achieving this goal. Emirati women have made significant contributions to the UAE's development in all sectors, from education and healthcare to business and government. They are now playing a leading role in driving the country's future, and their achievements are being recognized around the world. In Dubai, Emirati women are actively supporting the city's efforts to become one of the best three international cities in the world. They are working in a variety of fields, including tourism, finance, and technology. They are also playing a key role in promoting the city's culture and heritage. The UAE has come a long way in terms of women's empowerment . In the past, women were not allowed to vote or hold cer...

  The UAE government has partnered with Mastercard to accelerate the adoption of artificial intelligence (AI) in the region. The two organizations signed a memorandum of understanding (MoU) that will focus on developing AI-powered solutions to fight financial crime, secure the digital ecosystem, and drive inclusive growth. The MoU was signed by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Ajay Bhalla, president of Cyber & Intelligence at Mastercard. This is a big deal for the Middle East, which is still lagging behind other parts of the world in terms of AI adoption. The UAE government has set a goal of becoming a global hub for AI by 2031, and this partnership is a major step towards achieving that goal. Of course, there are some potential risks associated with this partnership. Some people worry that AI could be used for surveillance or other harmful purposes. However, the UAE government has said...

  According to recent news articles, Turkey and Iraq have been discussing ways to boost their partnership and address issues related to water management and security. The Turkish foreign minister visited Iraq this week, and the discussions covered the enhancement of bilateral relations, economic cooperation, water issues, counterterrorism efforts, and energy matters   A holistic approach that integrates the questions of trade, energy, security, and water can best help assuage Iraq's water needs in dealing with climate change However, there have been disputes over water resource management between Iraq and Turkey in the past, with Iraq accusing Turkey of following a hidden hydro-politics agenda and Turkey complaining that Iraq’s claims are legally unfounded since the Euphrates and Tigris rivers originate from Turkish soil Despite these challenges, it seems that both countries are working towards finding solutions to these issues and strengthening their partnership.

  Bloom Properties, a UAE-based developer, has signed a contract with the Iraqi National Investment Commission to develop the "City of the Future" on an area of two million and 500 thousand square meters, located 14.5 km west of Baghdad city center. The project is estimated to cost $6.5 billion and will include 15,000 housing units on residential towers and horizontal housing units surrounded by integrated services. The development will be built to world-class standards and will feature a range of amenities, including schools, hospitals, parks, and shopping centers. The project is expected to create job opportunities and boost the local economy The " City of the Future " is a significant investment opportunity for those interested in the Iraqi real estate sector. The project is expected to attract local and international investors, and it is a clear indication of the Iraqi government's commitment to developing the country's infrastructure and economy. The ...