Smart traffic tech helps cut Dubai journey times by 20%, says RTA

Plans are in place to expand Dubai’s Intelligent Traffic Systems (ITS) technology from 60 per cent to 100 per cent of the emirate’s road network

MUBADALA partners with SAILGP

Sailing-Brazil joins SailGP with backing from Abu Dhabi’s Mubadala

Brazil will start racing from the beginning of SailGP’s fifth season, which is due to begin in November

UAE growth to surpass 6% in 2025, says central bank

A faster growing oil and gas sector in 2025 will boost growth in the UAE, says a report

bartawi

Virtuzone founder: “We’re setting up about 500 companies a month in the UAE”

Virtuzone chairman Neil Petch says the UAE is one of the startup capitals of the world amid the high rate of business registrations in the country

Riyadh Saudi Arabia

Saudi Arabia’s tech renaissance: Insight

Through regulatory frameworks and policy initiatives, Saudi Arabia has emerged as a burgeoning hub for digital advancement, writes Tech Mahindra’s COO

Lucid opens Saudi Arabia’s first car production facility

Lucid, Rivian and Nikola: What are EV startups doing to ride out weak demand?

EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand

Jochen Knecht - CEO at IFZA on how the free zone is supporting startups and smes

IFZA CEO Jochen Knecht on how the free zone supports startups, SMEs

Jochen Knecht, CEO at IFZA, shares how the free zone is committed to empowering startups with the tools, resources, and support they need to succeed in a rapidly evolving business landscape

Entrepreneur Mahmoud Bartawi on cooking up a startup success

Mahmoud Bartawi founded Under500, a brand that was ultimately acquired by dark kitchen outfit Kitopi after raising $700m from investors

Dubai’s DAE sees COMAC breaking Airbus, Boeing duopoly

Dubai aircraft lessor DAE sees China’s COMAC breaking Airbus, Boeing duopoly

The planemaker is pursuing certification with Europe’s aviation regulator for its C919 jet while also looking for international customers

DET CEO OF AI

Dubai’s DET appoints Dr Marwan Alzarouni as CEO of AI

The initiative to appoint chief AI officers across government bodies is part of a broader strategy to integrate cutting-edge AI technologies into the governance structure

UAE banks provide Dhs15.6bn to trade, industrial sectors in Q1 2024

UAE banks provide Dhs15.6bn to trade, industrial sectors in Q1 2024

National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks

Etihad Airways - new summer routes

Summer travel: Etihad Airways adds new routes to Antalya, Bali, Jaipur and Al Qassim

In addition to the new routes, Etihad has commenced operations to several seasonal destinations and returned to popular summer hotspots

IHC’s shareholders approve Dhs5bn buyback plan

UAE’s IHC shareholders approve Dhs5bn share buyback program

The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet

Bahrain attracts recordbreaking FDI flows in 2023 Getty-Images-1471641887

Bahrain attracted record FDI inflows of $6.8bn in 2023

The top countries contributing to Bahrain’s FDI stocks as part of a diverse portfolio include Kuwait, Saudi Arabia and the UAE

UAE-MoF-announces-key-projects-toboost-competitiveness Photo-courtesy-WAM-MoF

UAE Ministry of Finance unveils key new projects to boost competitiveness

These projects, led by the Ministry of Finance, are part of the UAE’s comprehensive strategy to future-proof its economy and reinforce its status as a leading global financial hub

Masdar Terna-X

Masdar to pick up 67% stake in Greece’s Terna Energy

Masdar is expanding in several parts of Europe, as well is in Asia, and the US

UAE - Millionaire

Wealth Migration Report 2024: The UAE remains a millionaire’s favourite country

The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions

Dar Global - Aston Martin launch The Astera

The Astera: Dar Global, Aston Martin reveal what goes into the making of a star

Aston Martin will design ultra-luxury interiors for the Dar Global property, marking its first real estate collaboration in the Middle East

Careem app

Payrails and Careem: Strategic partnership to upgrade payment integration in MENA

By leveraging Payrails’ platform, Careem can route payments along the most strategic paths, driving higher payment conversions and simplifying the checkout experience for its customers

Dubai Future Foundation, Meta launch business incubator programme

Dubai Future Foundation, Meta launch business incubator programme

The business incubator programme will foster collaboration and help exchange knowledge and expertise in AI product development

Abu Dhabi Government lists $5bn bonds on local exchange

Abu Dhabi Government lists $5.3bn bonds on local exchange

The stock exchange said that the listing will be in three tranches, starting on June 21

Abu Dhabi is MENA region's fastest-growing emerging startup hub, reveals study Image provided by Hub71 - Abu Dhabi's Global Tech Ecosystem

Abu Dhabi is MENA region’s fastest-growing emerging startup hub, reveals study

The GSER report highlighted Abu Dhabi’s strengths in the fintech, agtech and new food, and climate tech sectors, citing the density of talent, support resources, and startup activity

Aramco acquires stake in EIG’s MidOcean Energy

FTAI Infrastructure inks deal with Aramco subsidiary to boost oil supply to Texas terminal

The world’s largest oil firm has been expanding its trading activity

GCC markets Image: Getty Images - ipo

China approves first ETFs tracking Saudi equities, fund managers say

Through the ETF, investors in China will be able to trade Saudi stocks including Saudi Aramco and Saudi National Bank

QatarEnergy acquires 23% of offshore Egypt block from Chevron

QatarEnergy, Exxon seek to remove contractor from Texas LNG project

The project, which was expected to start processing natural gas this year, has not updated its completion schedule

Red Sea

Shipping industry urges Red Sea action as Houthis sink second vessel

International naval forces have been deployed to provide defensive support for ships sailing through the Red Sea, but the attacks have increased significantly

Sofitel The Palm

Dubai’s hospitality boom: Sofitel The Palm’s Christophe Schnyder discusses surging tourism and future challenges

The industry veteran discusses Dubai’s hospitality sector growth, competition, and sustainability efforts in a dynamic tourism market

Air Arabia debuts daily service to Kraków in Poland

Air Arabia debuts daily service to Kraków in Poland

The daily service is expected to boost tourism and trade, leveraging Kraków’s growing appeal as a cultural and economic hub

DIFC-based Aditum and scb partner on first of its kind fund structure -Image-WAM-DIFC

Aditum, SCB partner on new fund structure; 4 funds launched, 10 approved

This launch marks a major milestone as the first fund structure to be made available to UAE investors under the new UAE regulatory regime for public funds

Dubai Mall's new paid parking system starts on this date

Dubai Mall’s paid parking system starts on this date

The initiative aimed at enhancing the guest experience, improving parking availability and streamlining the process will apply to Grand Parking, Cinema Parking and Fashion Parking