Abu Dhabi’s tourism authority has reported that the emirate is on track to meet its ambitious visitor goals for the upcoming year. The hotel industry generated Dh2.3 billion in revenue during the first quarter of 2025, which marks an 18 percent increase compared to the same period last year. The early figures suggest that Abu...
The National Centre of Meteorology (NCM) in the UAE has completed 110 cloud seeding flights this year in an effort to enhance precipitation in the region. Despite these efforts, the UAE has experienced a significant reduction in rainfall during this period, which has raised concerns among meteorologists. According to the NCM, this winter has been...
Sorbonne University Abu Dhabi (SUAD) has announced a new training program titled “Generative AI: Introduction and Prompt Engineering for Professionals,” aimed at helping professionals enhance their skills in the evolving digital landscape. This course, developed by the university’s Sorbonne Center for Artificial Intelligence (SCAI), will take place on May 20th, and registration is now open...
The Ministry of Human Resources and Emiratisation (MoHRE), in collaboration with Abu Dhabi Islamic Bank (ADIB), has introduced the “Digital Wallet” as part of its digital services initiative. This new service is designed to streamline payments for corporate customers and improve government service efficiency, aligning with the UAE’s strategy for comprehensive digital transformation across all...
Abu Dhabi has experienced a remarkable surge in tourist arrivals this year, with the latest data confirming a significant increase. The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) reported that 1.4 million overnight guests visited the emirate in the first quarter of 2025. This represents a substantial rise compared to the...
Abu Dhabi’s state oil company, the Abu Dhabi National Oil Company (ADNOC), is set to raise $1.5 billion from its first-ever sale of Islamic bonds, known as sukuk. This information was revealed in a document reviewed by Reuters on Monday. The sukuk will be issued at a rate of 60 basis points above U.S. Treasuries....
A groundbreaking transportation initiative is being proposed to create a high-speed underwater train connecting Mumbai, India, to Dubai, UAE. Led by the UAE’s National Advisor Bureau Limited (NABL), this ambitious project envisions a 2 000-kilometer subsea rail corridor that could potentially reduce travel time between the two cities to just two hours. The proposed underwater...
Aditum Investment Management Limited, a privately owned asset management company located in the Dubai International Financial Centre (DIFC), has announced that its DIFC fund range, including the flagship Aditum Global Access ICC Ltd, has exceeded US$250 million in assets under management (AUM) as of April 24, 2025. This significant achievement reflects broader growth across Aditum’s...
UAE-based artificial intelligence (AI) fintech startup Metric has successfully raised a seven-figure seed funding round aimed at accelerating its growth throughout the Gulf region, broader Asia, and other emerging markets. The funding round attracted support from various organizations, including Sanabil 500 Global, Hub71, i2i Ventures, Plus VC, Epic Angels, and Accelerate Prosperity, in addition to...
The Dubai Multi Commodities Centre (DMCC) has announced that Indian companies now make up 16 percent of its total member base, reflecting a 7 percent growth year-on-year. In the past year, 260 Indian companies have joined DMCC, bringing the total number of businesses in the international business district to nearly 4 000. Credit: ARN News...