The UAE and UK have signed an agreement to ramp up efforts for environmental protection.
The delegations from both countries said they will working closely to innovate, invest and adapt businesses to pave the way for a greener economy and reduce their carbon footprint.
The move is part of UAE's 'Principles of the 50', a campaign to start a new phase of development in social, political and economic growth.
It comes ahead of the UN COP26 climate summit scheduled to be held in November in Glasgow.
"Today’s MoU, on the eve of the UN climate summit in Glasgow, builds on our long-standing partnership with the UK, including on environmental cooperation and investment. We look forward to strengthening our collaboration across all sectors to help support and realise the bold ambitions the UK has outlined for COP26," highlighted UAE's Minister of Industry and Advanced Technology, Dr Sultan Al Jaber.
The move also reaffirms UAE's climate change commitments in the Paris Accords.
Japan's economic stimulus package is set to include tax cuts to spur investment focused around 17 key industries, including AI and semiconductors, and multi-year budget allocations to make policy more predictable, the Nikkei newspaper reported.
Family businesses remain a vital force in the UAE’s economy, contributing around 60 per cent of the country’s GDP, providing more than 80 per cent of jobs, and making up nearly 90 per cent of all private sector companies.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut.
Microsoft has expanded its global skilling initiative - Elevate - to equip more than 250,000 students, staff and faculty and more than 55,000 government employees in the UAE with AI skills.