Abu Dhabi-based alternative investment manager Lunate is collaborating with Brookfield Asset Management, a firm listed on the New York Stock Exchange, to establish a joint venture worth $1 billion. This new partnership aims to develop build-to-sell residential properties throughout the Middle East. The joint venture signifies a strategic move in the real estate sector, emphasizing...
Gatsby Games FZCo, a video game development studio recognized for its innovative cross-platform intellectual properties and storytelling, has officially moved its global headquarters from Toronto to Dubai. This relocation signifies a significant step in the company’s expansion into the MENA region. According to GlobeNewswire News, CEO Joey Caturay and COO Corey Kovnats visited the new...
A UAE-Morocco alliance has finalized deals for energy and water infrastructure projects valued at over $14 billion, as stated in an announcement made on Monday. This significant investment aims to enhance both water security and energy independence in Morocco. The agreements were signed between the Moroccan state-owned National Office of Electricity and Drinking Water (ONEE),...
e& has launched its AI Academy as part of its commitment to prepare its workforce for the future of work. This initiative reflects a strategic investment in talent aimed at future-proofing both the company and the broader ecosystem it serves. The AI Academy is designed to equip employees with the skills necessary to understand and...
PureHealth, recognized as the largest healthcare group in the Middle East, announced that its total investment in locally sourced goods and services has reached AED2.25 billion. In the year 2024, PureHealth directed AED 1 billion into the national economy, representing a 38% increase compared to the previous year. This substantial investment is directly aligned with...
Abu Dhabi alternative investment manager Lunate is establishing a $1 billion joint venture with Brookfield focused on residential real estate in the Middle East. This announcement was made in a statement on Tuesday, outlining the venture’s aim to develop high-quality build-to-sell and opportunistic buy-to-sell residential assets across the UAE, Saudi Arabia, and other regional markets....
Abu Dhabi’s MGX has formed a partnership with Nvidia to develop what will be the largest artificial intelligence (AI) campus in Europe. This initiative is a continuation of the AI agreements established earlier this year between President Sheikh Mohamed and French President Emmanuel Macron during their discussions in February. The collaboration aims to enhance AI...
The Mohammed Bin Rashid School of Government (MBRSG) has launched an innovative AI Ethics Assessment Programme, developed in collaboration with the UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office. This programme features a 4.5-day workshop based on the IEEE CertifAIEd™ curriculum created by the Institute of Electrical and Electronics Engineers (IEEE) and will...
Dubai International Financial Centre (DIFC) has signed an agreement with the International Private Equity Market (IPEM) to bring the esteemed IPEM event to Dubai for the first time in December 2025. This collaboration aims to strengthen DIFC’s position as a global hub for long-term capital deployment, supporting its Strategy 2030 to make Dubai one of...
RIYADH: MAGRABi Retail Group, a prominent eyewear company, has signed a deal to acquire Kuwait’s optical chain, Kefan Optics. This strategic move aims to broaden MAGRABi’s presence in the Gulf market, particularly within Kuwait’s competitive optical retail sector. Kefan Optics is known for its professional eye care services and a loyal customer base. The acquisition...