UAE

UAE economy grew 4.3% in fourth quarter of 2023

Financial and insurance activities, transportation and storage, real estate and construction sectors were among the top growth sectors

The Kitchen by Spinneys

The Kitchen: Spinneys introduces its first food hall concept

The food hall, covering 4,950 square feet, is located on the Lower Ground Floor in Dubai Mall

hamad international airport crosses milestone 50 million passengers mark

Hamad Intl Airport surpasses milestone 50-million passenger mark

In April, Hamad International Airport was also named the world’s best airport, according to Skytrax, the world airline and airport rating programme

Chinese planemaker COMAC eyes Saudi Arabian market

COMAC’s planes fly almost exclusively within China and with one Indonesian airline, but the planemaker is looking to expand elsewhere

UAE, France partner to advance global AI ecosystem

UAE and France partner to advance global AI ecosystem

The two countries will explore investment opportunities in start-ups and investment funds focused on AI models

esim

Airalo: Transforming global connectivity with eSIM innovation

Airalo, a leading eSIM marketplace, reveals its expansion plans as global travel surges

Microsoft, G42 deal could transfer US AI tech abroad

Microsoft, G42 deal could transfer key US chips and AI tech abroad

Microsoft executives said the company welcomes a debate on a new legal framework governing the transfer of AI technology

Getty Images - saudi arabia joins lithium race

Saudi Ma’aden has extracted lithium from seawater, CEO says

The kingdom’s growing mining industry is a key pillar in Crown Prince Mohammed Bin Salman’s Vision 2030 programme to diversify the economy away from oil dependency

steel Tosyali

Turkish steel giant Tosyali could partner with Saudi firms for $5bn expansion 

Tosyali is pursuing investment opportunities in Europe and the Americas as it aims to become one of the world’s top 30 iron and steel producers

Tadweer and Dubal acquire Enviroserve

Tadweer Group, DUBAL acquire e-waste company Enviroserve

Established in 2004, Enviroserve has the region’s only integrated e-waste processing hub spanning the Middle East, Africa, and Caucasus region

Rasan’s $224m IPO draws orders worth $19bn

Saudi fintech firm Rasan’s $224m IPO oversubscribed 129.1 times

The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m

ADNOC Group offers 5.5% stake in drilling unit

UAE’s ADNOC Group offloads $935m stake in drilling unit

The state energy firm offloaded 880 million shares at Dhs3.90 apiece, approximately 70 per cent above the IPO price of Dhs2.30

Microsoft and G42 to offer joint sovereign cloud and AI offerings Image Microsoft

Microsoft, G42 to invest $1bn in Kenya to build geothermal-powered data centre

Microsoft and G42 will work with the government of Kenya to design and operate the new East Africa cloud region as part of a trusted data zone

Saadiyat Cultural District_Natural History Museum Abu Dhabi_3D Render - The [buildings] depicted in these images are conceptual illustrations. Actual buildings and layouts may differ from the representations shown here by the time of completion. All rights to the images and their contents are reserved. Unauthorised use, reproduction, or distribution of these images is strictly prohibited.

Abu Dhabi’s Saadiyat Cultural District on track for completion by 2025

Saadiyat Cultural District, once complete, is set to be one of the most exciting destinations in the world for art and culture enthusiasts

adgm regulator-sarwa

Why did Abu Dhabi Global Market regulator impose a $122,500 fine on Sarwa?

The regulator said the probe was closely coordinated between the FSRA and the Dubai Financial Services Authority

Saudi Arabia’s ALLaM model joins IBM Watsonx AI platform

IBM makes more AI models open source and lands Saudi Arabia deal

Saudi Arabia’s AI authority will train its “ALLaM” Arabic language model using Watsonx, adding new language skills to the firm’s offerings

Here’s why an online MBA is advantageous for business leaders

Here’s why an online MBA is advantageous for business leaders

Courses in an online MBA are designed to be accessed from anywhere in the world, providing access to a global network of faculty and peers

ADNOC to acquire 10% equity stake in key LNG development in Mozambique

ADNOC to acquire 10% equity stake in key LNG development in Mozambique

ADNOC’s first investment in Mozambique complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand and support the transition to cleaner fuel sources

Dubai-based mining firm to enter Argentina lithium market

Dubai mining firm plans to start Argentina lithium production next year

The company is still determining which extraction method to use, but will likely begin with a mix of direct lithium extraction and evaporation pools

Sheikh Hamdan with Omar Sultan Al Olama-WAM

Sheikh Hamdan announces AI initiative: 1 million engineers to be trained

The initiative will follow an extensive programme that includes training courses to upskill individuals in AI and prompt engineering along with offering accredited certifications

Saudi Crown Prince-Japan PM talks - oil

Saudi Crown Prince Mohammed bin Salman promises stable oil supply to Japan

Saudi Arabia and Japan signed over 30 memorandums of understanding during the bilateral talks between the Crown Prince and Japanese PM

Alcazar Energy secures $490m for second fund

Dubai-based Alcazar Energy secures $490m for second fund

The fund has already begun building a portfolio of assets in the western Balkans region, with two wind farms totalling 456 MW

Emaar unveils The Heights Country Club and Wellness

Emaar unveils The Heights Country Club & Wellness

The residential offerings within the luxury development include townhouses and semi-attached villas

Emiratisation

Emiratisation: MoHRE reminds private firms to comply with June 30 deadline

MoHRE’s digital and field supervision system identified 1,379 companies attempting to circumvent Emiratisation goals

Dubai to build 13.5km multi-use track Image Dubai Media office

Dubai to build 13.5km track for cycles, scooters, pedestrians

Stretching from Al Sufouh to Dubai Hills via Hessa Street, the multi-use track will serve as a link between residential, commercial, and educational hubs

UAE’s FAB reportedly in advanced talks to acquire Yapi Kredi

The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations

UAE's AI PUSH

UAE, US to seal more AI deals through strategic partnership: UAE AI minister Al Olama

The UAE, led by government-backed firm G42, is pushing to burnish its AI framework as it diversifies away from oil

Air India-A350-VT-JRI

Air India launches A350 on Mumbai-Dubai route: Full details

The route will offer fliers the option to choose from three class cabins and will fly on 1 of 3 daily services

IMF sees UAE’s GDP expanding by 4% in 2024

UAE economy to grow by 4% in 2024, says IMF

The fund had projected in April that the country’s economy would grow by 3.5 per cent this year

Amount of styrofoam containers

Abu Dhabi bans single-use styrofoam products starting June

The ban targets avoidable, single-use consumer products made of expanded polystyrene