Khazna Data Centers has announced the addition of MGX and Silver Lake as new minority shareholders, further strengthening its position in the data center industry. This transition comes as e& exits its investment in Khazna while continuing to act as a key business partner. e& has been instrumental in Khazna’s success and will maintain its...
Vinsmera Group, a global jewellery enterprise led by the Kambrath brothers—Dinesh Kambrath, Anil Kambrath, Manoj Kambrath, and Krishnan Kambrath—has announced a significant investment of ₹2,000 crore (Rs20 billion) over the next two years. This funding will be used to establish a premium jewellery retail chain and advanced manufacturing units in both the UAE and India....
The Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) has developed an innovative strawberry-picking robot designed to aid farmers amid a labour shortage. This advanced robot operates 24/7, significantly outpacing human workers who are typically limited to eight-hour shifts. It alleviates physical strain on workers by utilizing artificial intelligence and robotics to enhance agricultural efficiency....
Hotpack Global, a leading UAE-based company in sustainable packaging solutions, has completed the installation of a 2.2 MW rooftop solar power system at its manufacturing facility located in the National Industries Park (NIP) in Dubai. This project is among the largest rooftop solar installations within the NIP area, highlighting Hotpack’s commitment to sustainability and renewable...
Dubai Festivals and Retail Establishment (DFRE) is collaborating with TerraZero Technologies and Seed Group to host the Great Online Sale 2025 in TerraZero’s Intraverse, a cutting-edge virtual shopping platform. This innovative partnership reflects Dubai’s commitment to enhancing e-commerce and global connectivity. The Great Online Sale will launch on March 27, 2025, introducing an interactive hub...
The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the UAE’s national currency, the Dirham, coinciding with the country’s entry into the FX Global Code. This initiative reflects the vision of the UAE’s leadership and the guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, who is the Vice President,...
A new digital platform named Dinar has been launched in Bahrain with the aim of improving economic awareness and providing timely updates on both local and global financial developments. This initiative is designed to deliver comprehensive coverage and in-depth insights across the sectors of economics, investment, and business. Dinar positions itself as a credible source...
Yabi has introduced an innovative AI-powered financial coach, designed to assist users in managing their money effectively. This platform aims to revolutionize personal finance management in the UAE by providing a personalized coaching experience that adapts to individual spending habits and lifestyle choices. With financial literacy in the UAE facing challenges—only 38% of adults are...
Around 700 vehicles from the Dubai Taxi Company’s airport fleet are being added to the Bolt platform, which is a global shared mobility service. This development was confirmed by Dubai’s Roads and Transport Authority (RTA) and aims to reduce wait times for passengers arriving at the airport. The introduction of this ride-hailing service for airport...
HE Saeed Mohammed Al Tayer, the Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), recently welcomed HE Husin Bagis, the Ambassador of the Republic of Indonesia to the UAE. The discussions focused on enhancing public-private partnerships and sharing best practices, expertise, and knowledge with Indonesian organizations to promote sustainable development. During the...