Partner
India, UAE groups ink pact for $11.5 bn Indian aluminium project
Adani Group and UAE's IHC sign pact for $11.5 billion aluminium project in Odisha, India's largest FDI in metallurgy.
Jul 02, 2026
Jul 02, 2026
UAE Business
UAE
UAE oil exports hit record high after OPEC exit, data shows
UAE oil exports hit a record 3.7 million barrels a day in June, ship-tracking data shows, two months after Abu Dhabi's exit from OPEC and amid a supply ramp-up.
Jul 01, 2026
Jul 01, 2026
UAE
UAE Federal Tax Authority expands AI services to automate refunds, simplify compliance
The UAE Federal Tax Authority is using AI to automate VAT refunds, accelerate processing and overhaul tax compliance through EmaraTax
Jun 23, 2026
Jun 23, 2026
UAE
Pakistan expands Naya Pakistan Certificates with Riyal and Dirham options
Overseas Pakistanis in Saudi Arabia and the UAE can now invest in sovereign-backed certificates in local currencies, with returns of up to 7.5%
Jun 03, 2026
Jun 03, 2026
UAE
UAE launches Naseej initiative to cut textile waste and build circular textile economy
The UAE has launched Naseej, a national initiative targeting 220,000 tons of annual textile waste through recycling, policy reform and circular economy principles.
The United Arab Emirates has launched Naseej, a national initiative to transition the textile sector toward a circular economy, the state-run Emirates News Agency (WAM) reported. Established under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, the initiative brings together the National Projects Office, the Ministry of Economy and Tourism, Emirates Foundation and Tadweer Group.
What is the Naseej textile circular economy initiative in the UAE?
Naseej is a national platform designed to move the UAE's textile sector away from linear consumption and disposal toward an integrated circular model. It coordinates policy, industry action, research and public engagement across the textile value chain. The initiative targets an estimated 220,000 tonnes of annual textile waste generated in the UAE each year.
Why did the UAE launch a national textile waste initiative?
Textile waste is a growing challenge globally and within the UAE. WAM reported that annual textile waste volumes in the country are estimated at around 220,000 tonnes, placing pressure on existing waste and recycling systems. Naseej aims to address this through a national framework that strengthens collection and recycling infrastructure, advances research and promotes conscious consumption.
Economy and Tourism Minister Abdulla bin Touq Al Marri said Naseej would link policy, industry action and public participation within a single organised system. He said the initiative would shift textile circularity efforts away from fragmented voluntary activities toward a structured national approach. The goal is to support the UAE Circular Economy Policy 2031.
What are the five pillars of the Naseej initiative?
The initiative is built around five strategic pillars: collection and recycling; awareness and outreach; behavioral research; policies and regulations; and circular business and innovation. Planning for Naseej began during COP28, with support from the National Projects Office within the Presidential Court. It later expanded through memorandums of understanding with fashion brands, manufacturers, recycling operators, research institutions and community organisations.
Sheikha Mariam bint Mohamed bin Zayed Al Nahyan, deputy chairperson of the Presidential Court for National Projects, said Naseej reflects the UAE's commitment to sustainability and aims to encourage responsible resource use and community participation. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of the Emirates Foundation, said the initiative embeds circular economy principles within the UAE's sustainable development model. He added that it brings together institutions, industry, youth and communities under one framework.
When and where is Naseej's first public event?
Naseej will host its first community activation event, "The Fabric of Possibility," from June 5 to 7, 2026, at Yas Mall in Abu Dhabi. The event will invite individuals and families to explore the impact of textile waste and discover sustainable solutions. Future phases are expected to expand the initiative to other regions of the UAE.
Following the launch, Naseej plans to introduce national programs supporting sustainable textile practices, stronger recycling infrastructure and market development research. WAM said the initiative draws on the UAE's heritage of craftsmanship and resourcefulness while integrating circular economy principles into daily practices. The initiative is intended to align government policy, industry participation and community engagement within a single national system.
Keep reading...Show less
Jun 01, 2026
Jun 01, 2026
UAE
UAE petrol prices rise 8% for June, hit nearly four-year high
UAE petrol prices for June 2026 rose nearly 8%, with Super 98 hitting Dh3.95/liter, the highest since August 2022
Jun 01, 2026
Jun 01, 2026
UAE
UAE waives AED 834 million in loan interest for low-income retirees
The UAE's Defaulted Debts Settlement Fund has waived AED 834 million in accrued loan interest for 2,339 low-income retirees, ahead of Eid Al Adha.
May 26, 2026
May 26, 2026
UAE
UAE sovereign wealth funds keep investing abroad despite war, minister says
The UAE's investment minister told AFP its sovereign funds continue deploying capital at home and abroad, pushing back on speculation of cutbacks amid the Middle East war
May 06, 2026
May 06, 2026
Partner
OPEC+ raises oil production quotas without mentioning UAE withdrawal
OPEC+ has raised June output quotas by 188,000 bpd, sidestepping the UAE's exit. Here's what the decision means for global oil markets.
May 03, 2026
May 03, 2026
Partner
OPEC+ meets for first production decision since UAE withdrawal
Seven OPEC+ members meet Sunday to set oil quotas for the first time since the UAE quit the cartel. Here's what to expect and why it matters
May 03, 2026
May 03, 2026
Partner
What's next for OPEC after the UAE's withdrawal?
While the United Arab Emirates is not the first country to leave OPEC, it is by far the biggest oil producer to do so
Apr 30, 2026
Apr 30, 2026
UAE
UAE leaving OPEC could reshape oil markets and ease Pakistan's energy costs
The UAE is quitting OPEC from May 1, 2026. Here's what its exit means for global oil prices and Pakistan's $16 billion import bill
Apr 30, 2026
Apr 30, 2026
UAE
Abu Dhabi non-oil trade jumps 36% to AED415 billion in 2025
Abu Dhabi's non-oil foreign trade reached AED415.4 billion in 2025, up 36% year-on-year, driven by a 63% surge in exports
Apr 29, 2026
Apr 29, 2026
UAE
US-Iran war raises credit risks for emerging markets, Fitch says
Energy prices, funding conditions and supply chains seen as key transmission channels
Apr 24, 2026
Apr 24, 2026
UAE
Pakistan repays $3.45B UAE deposits as reserves hold steady
SBP completes ADFD settlement while Saudi, IMF inflows support outlook
Apr 24, 2026
Apr 24, 2026
UAE
Fertilizer disruption from Iran conflict could raise Asia food prices, Fitch says
Higher input costs and weaker yields may pressure agribusiness margins and food supply chains
Apr 24, 2026
Apr 24, 2026
UAE
ADB commits $29.3 billion in 2025 amid reforms push
Lending rises 20% as bank expands capacity, prioritizes private sector and infrastructure
Apr 23, 2026
Apr 23, 2026
UAE
UAE orders banks to stop using WhatsApp for financial services
Banks face sanctions if they fail to end messaging app use by April 30
Apr 22, 2026
Apr 22, 2026
UAE
UAE real estate sector posts record first quarter in 2026
Dubai transactions hit AED252 billion while Abu Dhabi logged record quarterly real estate growth
Apr 20, 2026
Apr 20, 2026
UAE
Pakistan explores funding options as $3B UAE loan comes due
Rising oil prices, war pressures strain foreign-exchange buffers
Apr 14, 2026
Apr 14, 2026
Load More
Back To Top
Company
© 2026 NUKTA. Owned by Pulse Media Networks FZ-LLC All Rights Reserved.