The Dubai office market, recognized for having some of the highest occupancy rates in the world, is projected to experience a significant supply shortage until 2027-2028, according to real estate consultants. According to Khaleej Times, new office supply is expected to double in 2025 compared to 2024, increasing by 1.66 million square feet. Despite this...
Foreign investors have shown strong interest in Gulf Cooperation Council (GCC) stock markets, investing a net $3 billion in just three months, according to Zawya and Kamco Invest. Between October and December 2024, both institutional and retail foreign investors actively purchased equities across the region. The surge in investments was fueled by robust IPO activity,...
Saudi German Hospitals UAE (SGH UAE), a prominent healthcare provider in the region, has announced a strategic partnership with Megamind IT Solutions. This collaboration aims to implement advanced Hospital Information Systems (HIS) and Enterprise Resource Planning (ERP) solutions to enhance patient care and operational efficiency. The current HIS will be replaced with the internationally recognized...
Emirates Health Services (EHS) and the Mohammed Bin Rashid Centre for Government Innovation (MBRCGI) have announced a strategic partnership to develop the ‘Synthetic Memories’ project. This innovative, AI-driven initiative aims to enhance the quality of life for patients suffering from Alzheimer’s and other memory impairments. The announcement was made during the Arab Health 2025 conference,...
EasyLease (ADX: EASY LEASE) has announced its audited financial results for the fiscal year 2024, revealing a total revenue of AED456 million. This figure represents an impressive 53% year-over-year growth, solidifying the company’s leadership position in the rapidly evolving mobility sector in the region. The results underscore Easy Lease’s capability to maintain strong financial performance...
A team of four final-year BSc (Hons) Computer Science students from the University of West London (UWL) RAK campus has achieved a significant milestone by winning the Most Inspirational Project Award at the 2024 NASA International Space Apps Challenge. This remarkable achievement comes as the UAE team competed against 93,000 participants from 163 countries, making...
Abu Dhabi’s sovereign wealth fund, ADQ, has formed a strategic partnership with Orion Resource Partners to create a new joint venture focused on enhancing supply chain security in the metals and mining sector. This collaboration, named Orion Abu Dhabi, will see an initial investment of $1.2 billion over the next four years, with both parties...
Nasdaq Dubai has officially listed the Middle East’s first corporate Blue Bond, valued at $100 million, issued by DP World. This groundbreaking listing marks a significant step in the region’s sustainable finance progress. The bond, part of DP World’s $10 billion Global Medium-Term Note Programme, carries a coupon rate of 5.25 percent and will mature...
Dubai International Airport (DXB) welcomed a record-breaking 92.3 million passengers in 2024, marking an annual growth of nearly 6 per cent. The numbers surpassed DXB’s pre-pandemic peak of 89.1 million passengers in 2018 and exceeded the airport’s earlier forecast of 91.9 million travelers for the year. Sheikh Mohammed bin Rashid, Vice President and Ruler of...
AI spending across the Middle East, Türkiye, and Africa (META) is poised for significant growth, jumping from $4.5 billion in 2024 to a projected $14.6 billion by 2028. This marks an annual growth rate of 34 per cent, according to the latest report by International Data Corporation (IDC). The META region is embracing a shift...