The UAE is one of the leaders of the 5G revolution and is listed among the fastest countries to deploy the network.
Making the point, Mohammed Ibrahim Al Zarooni, Deputy Director of the Information and Digital Government Sector at the Telecommunications and Digital Government Regulatory Authority (TDRA), affirmed the importance of 5G networks in accelerating the deployment of tech solutions and establishment of smart cities that include smart transportation, self-driving vehicles, and crewless aircraft.
Using drones in cargo and mail shipment, and for remote surgery, and enabling AI solutions to analyse big data and developing smart services are crucial in this journey, he added.
It also paves the way for UAE's digital transformation in the next two years.
Meanwhile, digitisation of over 6,000 government services and setting up solid e-commerce infrastructure across all sectors enabled a smooth transition to remote working and distance learning, especially at a time when the country was tackling the challenges put forth by the pandemic.
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.