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...
The General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA) has launched a new platform to simplify residency services for government, semi-government, and free zone entities. The platform, available at bundle.gdrfad.gov.ae, aims to make the process faster and more efficient for businesses and employees in these sectors. The service consolidates key processes like issuing...
Dubai Chamber of Digital Economy has announced its significant achievements in 2024, including supporting the launch and growth of 1,210 digital startups, marking a remarkable 120% increase from the previous year. The chamber also trained 1,333 Emiratis in mobile app development under the “Create Apps in Dubai” initiative, a key programme aiming to enhance digital...
Artificial intelligence can help to assist Alzheimer’s and dementia patients in recalling their memories, according to psychologist Alya Khoory. She explained that this technology creates clear images and videos through artificial memories, which are developed based on the patient’s remaining memories or through interactions with their relatives. These visual aids help patients recall significant moments,...
The UAE is establishing itself as a global leader in the AdTech industry, focusing on innovation and technology. Smartifai is at the forefront of this movement with its new solutions aimed at redefining audience engagement. The advertising landscape is shifting away from traditional demographic targeting and basic contextual insights, moving towards more nuanced, audience-centric approaches...