The electric vehicle (EV) market in the Middle East was valued at approximately USD 2.8 billion in 2024 and is projected to reach USD 10.9 billion by 2032. This significant growth underscores the strong potential for EVs in the region, propelled by proactive government policies and a growing awareness of environmental issues. In the UAE,...
Abu Dhabi, UAE – Etihad Airways, the national airline of the United Arab Emirates, is expanding its fleet by confirming an order for 28 wide-body Boeing aircraft. This order is part of the airline’s long-term strategy to double its size by 2030, reflecting Etihad’s commitment to align its fleet with changing network and operational needs....
Jordan’s Bank al Etihad has finalized the acquisition of smaller peer Investbank, creating one of the largest lending institutions in the kingdom, according to bank officials on Thursday. The boards of both banks have approved a stock-for-stock acquisition that results in a combined entity with a total equity value exceeding $1.4 billion. Bank al Etihad...
The Syrian government has entered into a memorandum of understanding with DP World to develop the port of Tartous, with the deal valued at $800 million. This agreement was reported by the Syrian state news agency SANA and follows the recent lifting of U.S. sanctions, which had previously hindered such developments. The agreement encompasses the...
Elon Musk announced that Saudi Arabia has approved the deployment of Starlink, his internet satellite system, for maritime and aviation use. This expansion will enhance Starlink’s already extensive global presence, which currently spans more than 125 countries and continues to grow rapidly. Musk made this statement during the Saudi-US Investment Forum, where he received enthusiastic...
The United Arab Emirates (UAE) and the United States have recently signed an agreement to boost their cooperation in artificial intelligence (AI). This deal is expected to provide the UAE with expanded access to advanced AI chips from the U.S., following previous restrictions that were aimed at preventing China from obtaining such technology. Finalized during...
The Abu Dhabi Public Health Centre has entered into a strategic partnership with the Institute for Healthier Living Abu Dhabi to enhance community health and wellbeing. This collaboration was officially announced during the 25th IUHPE World Conference on Health Promotion, which is taking place in Abu Dhabi. The agreement aims to improve public health initiatives...
China International Capital Corporation Limited (CICC), recognized as one of China’s leading investment banks, has officially launched its new branch in the Dubai International Financial Centre (DIFC). This financial hub is known as a premier global center in the Middle East, Africa, and South Asia (MEASA). The new branch operates under the name CICC (DIFC...
The Sharjah Economic Development Department (SEDD) has introduced a new trade name issuance service that uses artificial intelligence (AI) technologies. This initiative marks a significant advancement in the Department’s digital transformation efforts and aims to enhance the service experience for both individuals and businesses. The new service represents a major change in how procedures are...
India is actively seeking to broaden its strategic partnership with the UAE by venturing into emerging sectors like nuclear energy, critical minerals, and genomics. This initiative was highlighted by Indian Ambassador to the UAE, Sunjay Sudhir, during the Indo-UAE Conclave organized by the India Today Group in collaboration with the UAE India Business Council-UAE Chapter....