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Saudi, Abu Dhabi and Qatar funds back Paramount–Skydance’s hostile $108bn WBD takeover

Paramount also has backing from Affinity Partners, started by Jared Kushner, which has investments from funds in Qatar and the United Arab Emirates.

Reuters
Reuters

10 December, 2025

Saudi, Abu Dhabi and Qatar funds back Paramount–Skydance’s hostile $108bn WBD takeover

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Paramount Skydance’s addition of three Gulf sovereign wealth funds to the cast of its $108bn hostile bid for Warner Bros Discovery WBD.O marks a relatively rare alliance among the states as they build their own entertainment industries.

Saudi Arabia’s Public Investment Fund (PIF,) Abu Dhabi’s L’imad Holding Company, and the Qatar Investment Authority (QIA) have agreed to back the deal, Paramount PSKY.O said on Monday.

Paramount also has backing from Affinity Partners, started by Jared Kushner, which has investments from funds in Qatar and the United Arab Emirates.

The decision to join forces on a single bid and grab a share of some of Hollywood’s crown jewels underscores an appetite among the oil-dependent Gulf states for assets from production to content and their growing clout in global dealmaking.

“A joint three-way alliance is very unusual, but it allows the three countries to step outside their regional media empires and brings them straight into the media big league,” said Neil Quilliam, partner at Azure Strategy in London.

Read: What Netflix vs Paramount’s $100bn clash means for Gulf media, licensing and content access

It also fits with their “joint aspirations to become global influencers and to shape new media narratives”, he added.

PIF, the Abu Dhabi government on behalf of L’imad and the QIA, did not immediately respond to requests for comment.

Gulf sovereign funds have previously invested in the same companies, but have rarely joined forces on a single takeover.

For example, Mubadala and PIF invested in India’s Reliance Retail in 2020, and were joined by the QIA and Abu Dhabi Investment Authority in 2023.

The deal size may have driven the need for several funds, said one banker from the region who is not involved, adding that it was unusual for Gulf SWFs to participate in hostile bids.

Because the investors will not have governance rights, including board seats or voting rights, their involvement will not require sign off by the US Committee on Foreign Investment (CFIUS), Paramount said in a filing.

From courting filmmakers to opening theme parks and cinemas, Gulf states are keen to expand their own entertainment sectors.

“This is a strategic and high-priority investment space for Gulf sovereign and other investors,” said Robert Mogielnicki, a political economist specializing in the Middle East.

“The acquisition would give them ownership of some of the world’s most iconic shows and access to a whole new audience,” said Quilliam.

Universal Pictures’ 2015 release Furious 7 was filmed in Abu Dhabi including its stars walking down the steps of the Emirates Palace to sports cars racing through its Liwa Desert.

In September, PIF bought a majority stake in Saudi media giant MBC 40.72.SE, which operates 13 free-to-air TV channels and runs the streaming-platform Shahid, known as the Netflix of the Middle East.

In the same month, an investor group led by PIF agreed to buy videogame developer Electronic Arts EA.O in a $55bn deal – the largest leveraged buyout in history – underscoring ambitions to make Saudi Arabia a global games and sports hub.

In 2018, it agreed to allow the first cinemas to open in 35 years, striking a deal with AMC Entertainment AMC.N.

Hollywood-backed theme parks are also popping up in the region. In May, Walt Disney DIS.N announced plans for its first in the Middle East, joining nearby Warner Bros World Yas Island in Abu Dhabi.

The UAE, Saudi Arabia and Qatar have also made large investment commitments to the United States this year, deepening ties to the Trump administration.

Saudi Arabia has committed to investing $1tr following crown prince Mohammed bin Salman’s recent visit to Washington, up from the $600bn previously.

Abu Dhabi has pledged $1.4tr for U.S. investments, while Qatar plans $500bn over the next decade.

eToro launches UAE-Economy Smart Portfolio to expand global access to ADX and DFM-listed companies

The launch coincides with national strategies such as UAE Vision 2031 and Abu Dhabi Vision 2030

Rajiv Pillai
Rajiv Pillai

10 December, 2025

eToro launches UAE-Economy Smart Portfolio to expand global access to ADX and DFM-listed companies
George Naddaf, managing director of eToro MENA/Image: Supplied

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Trading and investing platform eToro has unveiled its new UAE-Economy Smart Portfolio, giving retail investors worldwide direct exposure to leading companies listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).

George Naddaf, managing director of eToro MENA, said: “The UAE is one of the fastest-expanding economies in the world, supported by strong GDP growth, government reform, and growing non-oil sectors. Local companies, particularly in banking, telecoms, and energy, are known for their attractive dividend yields which are often among the highest in emerging markets.”

He added: “Dubai’s and Abu Dhabi’s exchanges are quickly becoming leading capital markets in the Middle East with increased foreign participation and growing liquidity. This portfolio will broaden access to these markets enabling investors in the UAE and around the world to participate in the UAE economy’s long-term growth trajectory.”

The portfolio includes 20 UAE-listed companies across sectors such as banking, real estate, energy, utilities, telecommunications and logistics. Designed to offer diversified sector exposure with low correlation to Western markets, the portfolio is rebalanced annually or on demand depending on market conditions.

Stocks are selected based on market capitalisation, liquidity, financial ratios and analyst consensus ratings. The portfolio carries an average dividend yield of 3.75 per cent, with some constituents yielding up to 7 per cent, compared to the S&P 500’s current dividend yield of 1.15 per cent.

The launch coincides with national strategies such as UAE Vision 2031 and Abu Dhabi Vision 2030, both of which are accelerating economic expansion and strengthening the country’s capital markets.

eToro’s Smart Portfolios aim to provide long-term thematic exposure and diversified investment solutions. The UAE-Economy Smart Portfolio is available starting from $500, with investors able to track performance via analytical tools and charts, while eToro’s social feed provides updates on sector developments.

From smart patrols to digital fines: How Dubai Police is stepping up the road safety game

In 2024 alone, 157 people lost their lives in traffic accidents, with primary causes including sudden swerving and running red lights

Nida Sohail
Nida Sohail

10 December, 2025

From smart patrols to digital fines: How Dubai Police is stepping up the road safety game
Image credit: Dubai Media Office/Website

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Dubai Police has unveiled a set of specialised strategies aimed at enhancing road safety and reducing traffic accidents across the emirate. These include a joint road safety initiative with the Roads and Transport Authority (RTA) and two dedicated programs designed to cut accidents and foster a safer traffic environment for all.

The strategies were reviewed during a visit by Lieutenant General Abdulla Khalifa Al Marri, Commander-in-Chief of Dubai Police, to the General Department of Traffic as part of the annual inspection programme. He was accompanied by Major General Hareb Muhammad Al Shamsi, Deputy Commander-in-Chief for Criminal Investigation Sector, Major General Saif Muhair Al Mazroui, Assistant Commander-in-Chief for Operations Affairs, and senior officers from the department, a Dubai Media Office report said.

Read more-Dubai Police luxury patrol fleet: New AI-powered Mercedes cars hit the streets

During the inspection, the Traffic Department highlighted its latest accomplishments, signaling a strong commitment to innovation and global standards. Notable achievements include joining the International Organisation for the Accreditation Commission for Traffic Accident Reconstruction (ACTAR), earning international accreditation from IDEALEST, and certifying four ACTAR experts among Dubai Police personnel.

In addition, the department has launched innovative initiatives, including a smart operations room and registering twenty intellectual works related to safe driving and road safety. These steps mark a significant leap forward in adopting technology-driven approaches to traffic management.

New projects and digital solutions

Dubai Police also outlined several major projects currently under development. These include a unified smart system to manage traffic violations, the Wasl project linking traffic systems with local partners, a new digital platform for fines, and a driver behaviour monitoring system. Another initiative, Area 56, promises a fully digital environment to support traffic operations, reinforcing the department’s focus on efficiency and data-driven solutions.

With Dubai’s population approaching 8.55 million in 2024, the challenge of managing daily traffic remains critical. In 2024 alone, 157 people lost their lives in traffic accidents, with primary causes including sudden swerving, failure to maintain safe distances, negligence, illegal stopping, and running red lights.

Dubai Police continues to enhance public awareness through campaigns reaching millions of residents. Last year, traffic awareness initiatives reached more than 20 million people via digital and field channels, while social media content alone garnered over 1.8 billion views in 2024. These figures underscore the power of digital messaging in promoting safe driving practices.

Further strengthening traffic enforcement, Dubai Police has activated electronic integration with traffic systems across Gulf Cooperation Council (GCC) countries. This development facilitates seamless exchange of information and the processing of traffic violations between the UAE and neighbouring states.

Targeted initiatives for delivery motorcycle riders were also launched in partnership with government and private entities. These campaigns resulted in a 19.4% increase in recorded violations in 2024, totaling 27,353 offences, demonstrating a proactive approach to specific high-risk groups.

Looking ahead: Smarter roads and safer cities

The department acknowledged the challenges posed by Dubai’s growing population, increasing number of vehicles, and the imminent introduction of self-driving cars. Dubai Police affirmed its readiness to adopt smarter, proactive solutions aligned with its 2033 vision of zero fatalities on the roads.

Lieutenant General Al Marri praised the Traffic Department’s accomplishments, emphasizing that Dubai Police remains committed to road safety through strategic planning, robust partnerships, advanced technologies, and continuous public awareness efforts. He also lauded the dedication of officers and staff, describing them as the backbone of traffic policing excellence.

He concluded that Dubai Police will continue to work as one unified team, ensuring Dubai remains a global model for traffic safety and innovation, protecting lives and creating safer roads for all.

Insights: Why Dubai is the rising food capital of the world

Dubai is poised to outrank established cities like Paris and New York as the world’s leading food capital, fuelled by record-breaking tourism growth and massive hospitality expansion

Ahmad Nazih Hafez
Ahmad Nazih Hafez

10 December, 2025

Insights: Why Dubai is the rising food capital of the world
Image: Supplied

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In an age where culinary capital is often measured by heritage, think Parisian bistros or New York delis, it’s time to recognise Dubai’s rapid ascent. A decade ago, such a claim might have seemed audacious. Today, Dubai is poised to outrank Paris, London, Tokyo, and New York as the world’s leading food capital.

Dubai welcomed a record-breaking 18.7 million overnight visitors in 2024, a 9.1 per cebt increase over 2023, according to data from Dubai’s Department of Economy and Tourism (DET), as cited by Cavendish Maxwell.

Dubai‘s hotel occupancy levels reached 81 per cent in the first half of 2025, marking a 4.5 per cent increase year-on-year, whilst international visitor numbers climbed 6.1 per cent to almost 10 million between January and June, according to research from real estate advisory group Cavendish Maxwell.

The tourism sector contributed an estimated Dhs236bn to the UAE economy, around 12 per cent of national GDP, based on figures from the World Travel & Tourism Council (WTTC), referenced in Cavendish Maxwell’s UAE Market Report. This growth is reflected in aviation figures: Dubai International Airport processed over 92 million passengers in 2024, its highest annual total on record, according to Dubai Airports data reported by Global Media Insight. These figures signal a business environment ripe for international F&B ventures and bold hospitality investment.

Investment in hospitality infrastructure

The UAE’s hospitality market is forecast to expand from $53bn in 2024 to $69.6 bn by 2030, reflecting a compound annual growth rate (CAGR) of 5.5 per cent, according to industry projections from Mordor Intelligence. Dubai is expected to lead this growth, with nearly 11,300 new hotel rooms set to open by 2027 and the creation of over 15,000 hospitality jobs, based on figures from

Knight Frank cited in Cavendish Maxwell’s UAE Market Report. This expansion aligns with the UAE Tourism Strategy 2031, which targets positioning the country among the world’s top three global tourism destinations by 2033, as outlined by the UAE Ministry of Economy and referenced in KPMG’s market analysis.

The UAE’s food and beverage sector

According to the Food & Beverage Market Trends report by Ollen Group, the UAE’s food and beverage sector is projected to reach $44bn bby 2029, representing a compound annual growth rate (CAGR) of approximately 17.1 per cent.

A separate forecast published by Sol Mercado indicates the industry is expected to surpass $37bn by 2025, with a CAGR of around 6.9 per cent.

These projections are grounded in several broader growth drivers, including:

  • The UAE’s strategic location, world-class infrastructure, and logistical capabilities.
  • A highly diversified tourism base exhibiting strong demand for new culinary experiences.
  • Business-friendly regulations such as free zones and pro-investment policies, which attract global F&B brands.

Innovative ecosystems

The emirate’s agritech incubators are playing a pivotal role in shaping the future of food production, supporting ventures in vertical farming, hydroponics, aquaponics, and AI-enabled agriculture. By accelerating innovation in controlled-environment farming and smart irrigation systems, these programs not only strengthen Dubai’s food security but also reduce reliance on imports in line with the UAE’s National Food Security Strategy 2051.

Many of these incubators are strategically linked with research institutions and global technology partners, ensuring that knowledge transfer, advanced R&D, and pilot programmes are embedded into the ecosystem. Beyond improving yields and reducing water consumption, the initiatives are driving sustainable urban farming models that can be scaled regionally and globally. The result is an emerging pipeline of homegrown solutions that meet the dual objectives of commercial viability and environmental stewardship, positioning Dubai as a hub for agritech innovation across the Middle East.

Competitive market dynamics

Dubai’s culinary scene is among the world’s densest, with approximately 13,000 food and beverage establishments, placing it second only to Paris in per-capita restaurant density. This highlights the emirate’s global ambition, but the sheer scale also creates challenges: escalating rents, rising operational costs, and thin margins remain pressing realities for operators.

Despite these pressures, the market continues to expand, supported by strong consumer demand, evolving tastes, and Dubai’s infrastructure that enables rapid adaptation to global culinary trends. Within the broader GCC, the emirate is viewed as the central hub, its multicultural audience, connectivity, and investment in food innovation positioning it at the forefront of regional food and beverage growth.

The business case for Dubai as the next food capital

For B2B stakeholders, hotel chains, restaurateurs, investors, and service providers—the rationale is clear:

  • Scale & spending: Visitors to Dubai spend more per capita than in many other leading tourism markets, according to [AP News, Dubai’s tourism revenue report, 2024].
  • Infrastructure & access: Dubai’s free zones, logistics networks, and business-friendly regulations make it easier for companies to scale operations, as outlined in the [Ollen Group UAE F&B Market Report, 2023] and [Fortune Business Insights, Food Service Market Forecast 2024–2032].
  • Innovation pipeline: The city is advancing agritech, AI-operated kitchens, and smart food production technologies, with initiatives supported by the UAE Ministry of Climate Change and Environment and Dubai Future Foundation.
  • Future growth: Aligned with the Dubai Economic Agenda D33, which aims to double the economy in 10 years and place Dubai among the top three global cities for tourism and business by 2033 ([Government of Dubai, 2023]) – the F&B sector is positioned as a core driver of diversification and global competitiveness.

Dubai’s culinary future is bright

The Middle East is already at the epicentre of hospitality and F&B, thanks to its vision, investment, and appetite for excellence. Here in Dubai, the stage is set to claim its place as the world’s food capital.

For businesses ready to shape culinary future stories, Dubai offers not just opportunity, but leadership.

The writer is the co-founder and vice chairman of Sunset Hospitality Group.

botim money, Binance sign MoU to explore crypto access for UAE users

The signing at Binance Blockchain Week reflects Dubai’s emergence as a key hub for global blockchain and crypto activity

Neesha Salian
Neesha Salian

10 December, 2025

botim money, Binance sign MoU to explore crypto access for UAE users
Image: botim money

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botim money, the financial services arm of botim, has signed a Memorandum of Understanding with Binance to explore ways of providing digital asset access to millions of users in the UAE.

The MoU marks botim’s push to evolve from a communications focused platform into a unified fintech ecosystem that lets users pay, transfer and invest within the same app. The agreement was signed during Binance Blockchain Week in Dubai.

The two companies will study how Binance’s digital asset capabilities can be combined with botim’s fintech reach in the UAE. Their discussions focus on identifying practical, compliant solutions that could give users safe access to digital assets.

The move comes amid rising global and regional interest in cryptocurrencies, supported in the Middle East by regulatory frameworks that promote responsible financial innovation. Both parties will evaluate how potential services could align with the UAE’s existing rules and how they might expand digital financial participation.

botim money serves a large base of underserved and unbanked users who have limited exposure to traditional financial systems. As part of the MoU, the companies will explore simplified and secure access routes to digital assets for these communities through regulated channels.

Image: Supplied

Crypto is increasingly part of mainstream financial services, says Binance exec

Catherine Chen, head of VIP and Institutional at Binance, said crypto is increasingly part of mainstream financial services. “Crypto is no longer a niche asset class and it is increasingly becoming integrated into everyday financial services. Our collaboration with botim money to make digital assets accessible to botim’s tech savvy customers exemplifies this shift. The UAE is taking exciting steps to connect traditional finance with digital assets, and we are pleased to keep supporting the local community and ecosystem,” she said.

Sacha Haider, chief strategy officer of Astra Tech | botim, said the company’s payments infrastructure already supports significant transaction flows. “Our international and national P2P rails support large and growing transaction flows every day, showing how deeply integrated botim money has become in people’s financial lives. Unlocking crypto capabilities with Binance allows us to build on this foundation and offer customers new ways to engage with the digital economy. Our focus remains on giving people simple and secure tools to manage and grow their money,” she said.

The signing at Binance Blockchain Week underscores Dubai’s emergence as a key hub for global blockchain and crypto activity.

How Kaspersky’s 20-year AI head start is rewriting the cybersecurity playbook

Kaspersky’s long-term AI investment has resulted in a cybersecurity portfolio that delivers smart and accessible protection for businesses of all sizes

Gulf Business
Gulf Business

10 December, 2025

How Kaspersky’s 20-year AI head start is rewriting the cybersecurity playbook
Image credit: Supplied

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Cybersecurity is undergoing a dramatic transformation driven by the rise of artificial intelligence. Threats are growing in complexity and speed and many businesses are demanding AI-powered solutions to counter them. In fact, 94 per cent deem them crucial, and with good reason: in 2024, organizations using AI and automation extensively in prevention averaged savings of $2.2m versus those that didn’t.

Vendors are racing to capitalise on this demand with campaigns built on “next-gen” AI features, but amid the surge of solutions, one truth stands out: not all are created equal. AI models, by nature, are only as good as the data they’re trained on and the context in which they’re applied. Inexperienced vendors may rely on limited datasets, overlook subtle attack vectors or fail to prevent adversarial manipulation, which can lead to false positives, misplaced confidence, and missed threats.

Read more-Inside Kaspersky’s plan to build cyber immune systems for the GCC

Kaspersky, however, began implementing AI and machine learning (ML) in its solutions over two decades ago. While movies like I, Robot were envisaging humanity’s demise at AI’s hands, Kaspersky was exploring the potential of this infant technology to make the world a safer place. This foresight, coupled with long-term investment, has resulted in smarter, faster and more reliable protection today, not built on hype but on years of innovation and proven performance.

All of this leaves Kaspersky well placed to shape the future of AI-driven security.

20 years of innovation, training and real-world testing

For over two decades Kaspersky has built and refined advanced ML models trained on huge volumes of anonymized global telemetry, collected ethically and responsibly from millions of endpoints worldwide. This reservoir of high‑quality data has enabled Kaspersky to develop AI systems that are not only safe and accurate but also resilient to evolving threats.

What sets Kaspersky apart is that AI isn’t a bolt-on feature; it’s embedded in every layer of its technology stack. Head of Unified Platform at Kaspersky Ilya Markelov says:

All of our products include AI technology. SIEM, EPP, EDR, NDR, XDR, MDR, Threat Intelligence, all of them. Where there’s no AI assistant, there’s KSN, a global network delivering insights from our cloud-based models to our customers. AI drives almost everything we do.

This deep integration ensures faster detection, smarter automation and a consistent standard of protection across all of its products.

With AI as a foundational capability, not an add-on, Kaspersky delivers cybersecurity that’s informed by its real‑world usage. The vendor doesn’t propose what AI might be able to do; it has proof of what it’s already done with the technology, being one of the first to start leveraging it. Kaspersky CEO and founder Eugene Kaspersky says:

What I’m especially pleased and proud of in this process is that our company was one of the first in the industry to successfully implement this bright AI future. How else could we cope, for example, with almost half a million new malware every day? No educational system in the world could graduate so many experts.

While today the company has a well-established AI Technology Research Center, which tackles challenges at the AI–cybersecurity intersection, it began the journey in 2004 when its first AI/ML technology for automatic analysis of malicious code was born. Kaspersky named it Auto-woodpecker because, at the time, it lovingly called its human analysts who were “pecking away” at viruses “woodpeckers.” Auto-woodpecker could do this usually time-consuming job independently, freeing specialists from routine work and helping to highlight identical (or likely) incidents. The result was productivity that increased many times over.

Another milestone in the company’s journey was its patenting of an automated false-positive testing technology based on ML algorithms in 2015. Between 2019 and 2022, the number of ML inventions patented by Kaspersky increased by 19 times. And in 2024 it achieved a 25 per cent increase in APT detection using ML.

More recently, in 2025, Kaspersky updated its SIEM platform with a powerful new AI module for faster and more effective alert triage.

The result: Smart, fast, accessible protection

Kaspersky’s long-term AI investment has resulted in a cybersecurity portfolio that delivers smart, fast and accessible protection for businesses of all sizes. Its AI technologies power real-time threat detection, behavioral analysis and automated response, ensuring a rapid and intelligent defense against both known and emerging threats. Trained on global threat intelligence, its models are capable of detecting novel and targeted attacks that may evade traditional security tools.

These capabilities are embedded across the entire product suite. In 2024, more than 6 million attacks on users of Kaspersky’s mobile products were prevented by Cloud ML, a cloud-based AI technology that detects even previously unknown malicious Android apps in real time by analysing a set of unique attributes. Kaspersky Anti Targeted Attack (KATA) solution uses machine learning to uncover complex, multi-stage threats for enterprises. And around 1,000 phishing webpages are detected daily by its ML-based web phishing detection engine.

A fully AI-powered portfolio, not just at the top end, means the technology works for, and is accessible to, Kaspersky’s broad range of customers. Small to medium-sized businesses can access enterprise-grade protection without the need for large in-house teams, while enterprises get security that augments their capability and scales alongside them.

Conclusion: Proven experience matters

Kaspersky has continuously refined its AI technology to stay ahead of evolving cybersecurity threats. Its long‑term commitment to in-house development allows it to build AI that is not only smarter but also more trustworthy and better equipped for the challenges of tomorrow.

This deep expertise enables it to deliver proactive, reliable protection that adapts and learns as cyberthreats evolve. And as cybercrime becomes faster and more sophisticated, Kaspersky’s AI will become an even more vital asset in securing businesses from harm.

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