Infinite Reality™ (iR), an innovative company specializing in digital media and e-commerce through extended reality (XR) and artificial intelligence (AI), has announced a definitive agreement to acquire Touchcast, a leader in agentic AI technology, for $500 million in cash and stock. This acquisition marks Infinite Reality’s largest transaction to date and values the company at...
Qatar is making significant advancements in the sustainability of its desalination sector by integrating advanced technologies and renewable energy sources. Guillermo Hijós, the Desalination Director for the Middle East and Oceania at Acciona’s Water business, stated that these initiatives are designed to reduce energy consumption and minimize environmental impacts, ensuring a reliable and eco-friendly water...
In 2025, Saudi Arabia plans to transform its transportation infrastructure by introducing new train routes that will enhance domestic and regional travel. The country aims to become a regional transportation hub by expanding its rail network, which will provide faster and more comfortable travel options. This development is also expected to bolster Saudi Arabia’s status...
Burjeel Holdings has teamed up with South Korea-based CONNECTEVE to enhance orthopedic care in the UAE by introducing the first Department of Health (DoH)-approved AI knee diagnosis platform in Abu Dhabi. This innovative platform utilizes CONNECTEVE’s advanced AI tools, CONNEVO KOA and CONNEVO ALI, which are the first technologies of their kind from Korea to...
India’s IDFC FIRST Bank has announced plans to raise up to 75 billion rupees, equivalent to $877 million, through investments from affiliate firms of Warburg Pincus and the Abu Dhabi Investment Authority (ADIA). The bank will issue convertible shares to these investors, which, upon full conversion, will provide them with a combined 15% stake in...
ACCIONA has achieved a notable milestone by obtaining the ISO 50001 energy management system certification for its Umm Al Houl and Ras Abu Fontas 3 desalination plants in Qatar. This certification marks the first of its kind for ACCIONA on an international level and underscores the company’s dedication to energy efficiency and sustainability within its...
The UAE government has launched an organization named Emirates Music Rights to collect and distribute royalties for music copyright holders. This initiative is seen as a significant step into a “new era” for the country’s music industry, aiming to ensure that musicians and producers receive their rightful royalties and that their copyright is safeguarded across...
OPEC has announced updated plans requiring seven countries, including Saudi Arabia and the UAE, to implement further oil output cuts. This decision comes as these nations have been pumping above the agreed quotas. The announcement was made on Wednesday, indicating that the new measures aim to stabilize the oil market amid ongoing adjustments since late...
Etihad Airways has kicked off its annual summer sale, offering travelers significant discounts on flights. Customers can enjoy up to 30 percent off fares to a variety of destinations, with travel available from May 1 to September 30, 2025. This sale is a great opportunity for those looking to escape the UAE heat for cooler...
The American University in Dubai (AUD) has unveiled two new bachelor’s degree programs designed to enhance the UAE’s capabilities in the fields of artificial intelligence (AI) and gaming. The new offerings, a Bachelor of Science in Game Design and Development and a concentration in AI in Business, were announced during the 2025 Education for Employment...