The Dubai Electronic Security Center (DESC) is set to host the School of Cyber Defense competition for university students during the Gulf Information Security Exhibition and Conference (GISEC 2025). This event will take place from May 6 to 8 at the Dubai World Trade Centre. Registration for the tournament is open until April 16, with...
Abu Dhabi-based investment vehicle CYVN Holdings and Bahrain’s Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, have announced the completion of their acquisition of McLaren Automotive, along with a non-controlling stake in McLaren Racing. This announcement follows the fulfillment of customary closing conditions and the receipt of necessary regulatory approvals to finalize the deal....
Turkey’s exports to the Gulf Cooperation Council (GCC) region saw a notable increase in February, primarily due to a substantial rise in shipments to the United Arab Emirates (UAE). Exports to the UAE surged by 81 percent year-on-year, reaching nearly $600 million. This growth has pushed Turkish shipments to the Emirates in 2025 to approximately...
Ras Al Khaimah Economic Zone (RAKEZ) has announced a significant partnership with Koshima, a company recognized for its expertise in Artificial Intelligence (AI) education and consulting. This collaboration aims to empower businesses by providing a practical approach to AI, which enhances operational efficiency, optimizes costs, and fosters business growth. The partnership, which is the first...
Abu Dhabi National Energy Company (TAQA) has partnered with Emirates Water and Electricity Company (EWEC) to unveil new energy infrastructure projects that will enhance the UAE National Strategy for Artificial Intelligence 2031 and the UAE Net Zero by 2050 initiative. This collaboration is marked by a significant 24-year Power Purchase Agreement (PPA) for the development...
Sharjah Maritime Academy (SMA) has initiated a significant advancement in its digital transformation by introducing micro-credentials through Educhain’s blockchain platform. This new initiative enables students to earn verifiable digital certifications for specialized skills and achievements, thereby enhancing their employability and academic profiles. The introduction of micro-credentials aligns with SMA’s vision of a tech-driven and skills-focused...
Solidarity Group Holding, a Shariah-compliant insurer, has successfully arranged a Murabaha financing agreement worth BHD 58 million, equivalent to $153 million, with the Bank of Bahrain and Kuwait (BBK). This funding will facilitate Solidarity’s acquisition of Bahrain National Insurance (BNI), which is a subsidiary of Bahrain National Holding. Earlier this year, Solidarity Bahrain, a unit...
Argella, a global advisory and data-led technology firm, has officially moved its headquarters from London to Dubai. This relocation is intended to support the firm’s strategic focus on artificial intelligence (AI), data, and digital transformation services for businesses across the Gulf Cooperation Council (GCC) and beyond. Established in the Meydan Free Zone, Argella aims to...
Quantum Gears, a provider of AI solutions, will showcase its HiTrust r2 Certified Agentic AI Platform at the Gartner Security & Risk Management Summit. This event is scheduled for April 7-8, 2025, in Dubai, United Arab Emirates. The platform reflects Quantum Gears’ commitment to advancing Safe AI practices within the GCC region. At the summit,...
SHL Finance Company has successfully renewed its Sharia-compliant credit facilities agreement with Arab National Bank (ANB) for SAR 1.91 billion, equivalent to approximately $509 million. The renewal, confirmed through a bourse disclosure, is set for a duration of five years and was officially obtained on March 23, 2025. The primary objective of this funding is...