Travelers from the United Kingdom can now enjoy a more streamlined and efficient airport experience when traveling through Saudi Arabia, following the implementation of the One-Stop Security Agreement between the UK Government and Saudi Arabia’s General Authority of Civil Aviation (GACA). This significant agreement eliminates the requirement for an additional security screening at Saudi airports,...
Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, the Deputy Ruler of Sharjah, has officially inaugurated the “Sana” Solar Power Plant. This facility is notable for being the first solar power plant of its kind in Sharjah. The Sana Solar Power Plant is designed to generate enough electricity to power 13 780 homes. It is...
The first autonomous drone parcel delivery trial was recently conducted in Abu Dhabi, marking a significant milestone in logistics innovation. This trial was supported by the Abu Dhabi Investment Office, which facilitated the launch of the initial pilot flight for autonomous parcel delivery. The pilot flight was carried out with the assistance of aviation technology...
Dubai has achieved the highest growth in city centre property prices globally over the past five years, driven by increasing demand, according to a report by Deutsche Bank. The report, titled “Mapping the World’s Prices – 2025,” indicates that it now costs $7 602 per square metre to buy an apartment in central Dubai, marking...
The Dubai International Financial Centre (DIFC) has announced its intention to enact new Variable Capital Company (VCC) Regulations aimed at enhancing investment structuring and asset management options for proprietary investments within the DIFC. This initiative positions the DIFC as a leading financial hub in the Middle East, Africa, and South Asia (MEASA) region. Jacques Visser,...
An array of advances and innovations in artificial intelligence (AI) were presented by tech experts and in-house companies at a Business Breakfast event organized by the Sharjah Research Technology and Innovation Park (SRTI Park). The event was hosted under the slogan “Born in Sharjah, Built for the World.” Representatives from companies such as Al Hathboor...
Azizi Group, a prominent developer based in Dubai, has established a new entity called Azizi Energy Investments, which will focus on developing and delivering power generation and energy infrastructure projects in emerging markets. The new venture signifies Azizi Group’s entry into the energy sector, with initial projects aimed at Asia, particularly Afghanistan. Headquartered in Dubai,...
Altery MENA Limited, a subsidiary of the UK-based fintech Altery Limited, has obtained a regulatory license from the Dubai Financial Services Authority (DFSA). This development was announced in a press release, highlighting Altery’s commitment to expanding its financial services in the MENA region. The acquisition of this license aligns with Altery’s global strategy to establish...
Presight has announced the selection of 10 startups that will participate in its AI-Startup Accelerator, which aims to accelerate the growth of AI startups in various sectors. This initiative was launched after a thorough evaluation process that received 120 applications from AI startups across 17 countries, focusing on areas like Smart Cities, Fintech, Energy, AI...
JD.com, Inc., recognized as one of Goldman Sachs’ top Chinese stock picks, has announced a significant expansion into Saudi Arabia. On June 18, JD Logistics, the logistics division of the Chinese e-commerce giant, launched JoyExpress, its first direct-to-consumer express delivery service outside of China. This initiative represents a crucial advancement in JD.com’s strategy for global...