The ATP, the governing body of professional men’s tennis, has expressed a strong commitment to potentially hosting a Masters 1000 event in Saudi Arabia starting in 2028. Outgoing CEO Massimo Calvelli has been in discussions with the Public Investment Fund (PIF) of Saudi Arabia, highlighting what he described as an “incredible opportunity” for the kingdom...
The International Free Zone Authority (IFZA) has strengthened its strategic partnership with the Bundesverband mittelständische Wirtschaft e.V (BVMW) to promote business and investment opportunities in the United Arab Emirates (UAE) at the Zukunftstag (Future Day) event held in Berlin. This initiative aims to enhance the commercial and economic ties between the UAE and Germany. This...
Abu Dhabi is planning to construct an advanced cancer treatment center, which will be the first of its kind in the Middle East. This initiative is part of a multibillion-dollar effort to diversify the emirate’s economy and enhance its healthcare sector. The facility will be developed through a partnership between M42’s Cleveland Clinic Abu Dhabi...
Saudi Aramco has confirmed the discovery of 14 new oil and gas fields, a significant development that enhances the kingdom’s already extensive energy portfolio. This announcement was reported by Reuters, indicating that the discoveries will play a crucial role in bolstering Saudi Arabia’s position in the global energy market. The new fields are expected to...
Lazard is enhancing its presence in the United Arab Emirates by opening a new office in Abu Dhabi, which will act as the investment bank’s primary financial advisory hub in the country. The announcement was made by Lazard on Tuesday, emphasizing the strategic significance of the UAE and the opportunities it presents. Peter Orszag, the...
The Sharjah Book Authority (SBA) has officially launched the first edition of the Sharjah Executive Program for Publishing in collaboration with New York University School of Professional Studies (NYU SPS). This initiative aims to enhance professional skills and knowledge in the publishing sector, reflecting Sharjah’s commitment to promoting the culture of reading and literacy. The...
The General Civil Aviation Authority of the United Arab Emirates has announced the resumption of flights between the UAE and the Syrian Arab Republic. This significant development comes as both countries work to enhance air traffic and support passenger and cargo movement. According to the press release from the General Civil Aviation Authority, coordination is...
The UAE Cabinet has approved the establishment of a Legislative Intelligence Office, marking a significant advancement in the modernization of the country’s legislative framework through the integration of artificial intelligence (AI) and data analytics. This decision was made during a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and...
The UAE has achieved significant recognition by ranking second in the world for combating tax evasion and fifth globally for the efficiency of its tax policies, according to the latest annual report from the IMD World Competitiveness Centre in Switzerland. This announcement was made during a Cabinet meeting chaired by His Highness Sheikh Mohammed bin...
The SAP NOW AI Tour, scheduled for April 15, 2025, in Dubai, is anticipated to have significant global implications, particularly for the travel industry. This event will focus on enterprise digital transformation, highlighting themes such as autonomous AI systems, smart infrastructure, and sustainability, which are increasingly relevant to current and future trends in tourism and...