OpenAI is currently in discussions to set up data centers in the United Arab Emirates as part of its strategy to expand its presence in the Middle East. This initiative highlights OpenAI’s ongoing relationship with the UAE, which includes a partnership established in 2023 with G42, an artificial intelligence firm based in Abu Dhabi. G42...
Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, sent a congratulatory message to Tharman Shanmugaratnam, President of the Republic of Singapore, marking the 40th anniversary of diplomatic relations between the UAE and Singapore. This milestone reflects the strong ties and mutual respect developed over four decades. In addition to Sheikh Mohammed...
A recent report by real estate brokerage Betterhomes reveals that 6 700 millionaires relocated to the United Arab Emirates (UAE) in 2024. The report, titled “Dubai: No Longer a Pit Stop, But the Finish Line for Global Wealth,” highlights how shifting global geopolitical and economic dynamics are driving high-net-worth individual (HNWI) migration to the UAE,...
XRG, the low-carbon energy and chemicals investment arm of the Abu Dhabi National Oil Company (Adnoc), has made a significant move into the Central Asian market by investing in Turkmenistan’s gas and condensate fields. The company has secured a 38 percent stake in the offshore “Block I” concession, according to a statement released by XRG....
Lieutenant General His Highness Sheikh Saif bin Zayed Al Nahyan, the UAE Deputy Prime Minister and Minister of Interior, met with Rakotoarimanana Herilala, the Minister of Public Security and Inspector General of Police from the Republic of Madagascar. The meeting took place in Abu Dhabi and focused on enhancing collaboration between the two nations. During...
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has introduced its MAILIS programme, designed to create an in-person platform for dialogue and collaboration in the field of artificial intelligence. This initiative aims to gather key stakeholders, including researchers, industry leaders, and policymakers, to discuss and shape the future of AI. Credit: Abu Dhabi Media...
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground on a new manufacturing plant. This event took place at the King Salman Automotive Cluster within King Abdullah Economic City (KAEC), marking a significant advancement for Saudi Arabia’s automotive sector, as reported...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum inspected the Wadi Al-Amardi housing project and approved a substantial AED2 billion housing package. This initiative aims to provide modern housing solutions in Dubai, enhancing the living standards for residents. Credit: Gulf News During the inspection, Sheikh Hamdan emphasized the importance of developing sustainable communities...
WakeCap, a platform specializing in sensor-powered project intelligence for the construction and oil and gas sectors, has successfully closed a US$28 million Series A funding round. This funding was led by UP.Partners, with additional participation from Graphene Ventures and various strategic investors from the United States, Saudi Arabia, and Asia. The company aims to revolutionize...
A housing package valued at over AED 2 billion has been approved to benefit Emiratis in Dubai. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who serves as the Crown Prince of Dubai and the UAE’s Deputy Prime Minister and Defence Minister, authorized the development of more than 1 100 residential units. The...