Presight, a prominent big data analytics company based in Abu Dhabi, has announced a partnership with Microsoft to enhance the Presight AI-Startup Accelerator. This collaboration aims to empower emerging AI startups by providing essential resources, including high-performance computing, cloud services, and access to foundational AI models. The Presight AI-Startup Accelerator program is tailored for promising...
EHC Investment, through its energy division Emirates International Gas (EIG), has successfully completed the acquisition of Al Fanar Gas Group. This company is recognized as Abu Dhabi’s largest gas distributor and maintenance provider, as well as one of the leading gas service firms in the UAE. This strategic acquisition is expected to enhance EHC’s long-term...
The Agthia Group, which is listed in Abu Dhabi, has acquired a 100% stake in Riviere, a UAE mineral water desalination company. This strategic move is expected to triple Agthia’s household customer base and enhance its revenue growth in the water and food segment by 6.5%. Agthia plans to retain the Riviere brand following the...
The UAE has announced the establishment of the Zayed Education Foundation, which aims to create enduring partnerships between the Emirates, the wider Arab world, and the Global South. This initiative is designed to enhance educational opportunities and leadership development for future generations. The foundation’s primary goal is to cultivate leaders equipped with the skills necessary...
Smart Mobility International (SMI) has announced the introduction of the AVATR brand in the UAE, marking a significant step in the region’s automotive landscape. The UAE will be the first international market to host these innovative range-extended electric vehicles, following an agreement signed with AVATR Technology. SMI is a subsidiary of a major UAE automotive...
Dubai Chambers is actively working to strengthen trade and investment relations between Dubai and India. Eng. Sultan bin Saeed Al Mansoori, the Chairman of Dubai Chambers, met with Sunjay Sudhir, the Indian Ambassador to the UAE, to discuss strategies for enhancing these vital connections. The meeting took place at the headquarters of Dubai Chambers and...
Starlink’s satellite internet service is now accessible in Oman, as announced by Chief Executive Elon Musk on his social media platform X. This development marks Oman as one of the Middle Eastern countries, alongside Yemen and Qatar, to gain access to the high-speed satellite internet service. With the introduction of Starlink in Oman, residents can...
The Dubai Data and Statistics Establishment has announced a partnership with BlueGen.ai to improve the accuracy of labor force surveys through the use of synthetic data and artificial intelligence. This collaboration is part of Dubai’s strategic vision to leverage innovative technologies in data analysis, aiming to enhance the quality of economic and social statistics. Synthetic...
Emaar Economic City has reported a staggering 348% surge in losses last year, primarily attributed to a decline in profits from residential real estate, industrial land, and commercial property sales. This information was highlighted in a report by Al-Eqtisadiah on March 27. The company’s net losses reached SAR1.1 billion ($293.3 million) during the period, a...
Education entrepreneur and philanthropist Sunny Varkey, alongside his family, has pledged a substantial contribution of AED 100 million to the Fathers’ Endowment campaign. This initiative was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, with the aim of honoring fathers through...