EDGE Group LATAM Office has announced a new Regional Agreement with Indra, a prominent global Defence and Technology company, during the LAAD 2025 event in Rio de Janeiro. This exhibition is recognized as Latin America’s largest platform for defense and public security. The agreement builds on the previously established PULSE joint venture, which was formally...
In a remarkable transaction within Dubai’s thriving real estate market, a prime residential plot on Jumeirah Bay Island has been sold for a staggering Dh182 million (approximately $50 million). According to Khaleej Times, this plot, measuring 25 441 square feet, was acquired at a price of Dh7 154 per square foot. The buyer, an ultra-high-net-worth...
Crescent Enterprises has announced a collaboration with MIT Solve, an initiative of the Massachusetts Institute of Technology, aimed at accelerating AI-driven solutions to address social challenges both globally and regionally. This partnership will focus on identifying and scaling AI-powered innovations that tackle critical issues, particularly in the Arab region. As reported by Khaleej Times, MIT...
The Abu Dhabi Investment Authority (Adia) has announced its acquisition of a significant minority stake in the French outdoor accommodation firm, the European Camping Group (ECG). This transaction was executed through a wholly owned subsidiary of Adia, although the financial terms of the deal have not been disclosed, as reported by Khaleej Times. As part...
The Zayed National Museum has announced the recipients of its 2024 Research Fund, which allocates AED1 million to support projects that delve into the cultural heritage of the UAE. This funding initiative aims to encourage research that enhances understanding and appreciation of the nation’s history and traditions. Among the selected projects, several focus on the...
The United Nations Conference on Trade and Development (UNCTAD) has reported that artificial intelligence (AI) is projected to generate a substantial market value of $4.8 trillion by 2033. This growth reflects the transformative impact of AI across various sectors, which includes advancements in technology and increased productivity. UNCTAD emphasizes that while the benefits of AI...
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in Abu Dhabi has launched a new tool designed to identify persuasion tactics used in media reports. According to The National, this innovative system, named Frappe, aims to analyze various techniques found in articles and reports to combat the spread of misinformation. The Frappe system seeks...
Expleo Solutions Limited has announced the closure of its wholly owned subsidiary, Expleo Solutions FZE, located in Sharjah, UAE. This decision is a response to operational challenges faced in reaching customers across the Gulf region. The closure took effect on March 24, 2025, and it accounted for 3% of the company’s revenue and 2% of...
Dubai is set to host the MENA Capital Market Summit 2025 from May 6 to 7, as part of its ongoing efforts to reinforce its reputation as a global financial hub. The event aims to attract financial leaders and policymakers to discuss the future of capital markets and investment opportunities. Sheikh Maktoum bin Mohammed bin...
Oasis Protocol is set to participate in TOKEN2049 Dubai, which will be held on April 29. The Oasis team will join both the main conference and various side events during this significant gathering in the blockchain and cryptocurrency sector. Notable events they will attend include the Afternoon TEE Party, LFG Summit, and DefaiCon. Following these...