XTB, a global fintech company, has announced the opening of its new office in One Central (Offices 5) at the Dubai World Trade Centre. This expansion is a significant move for XTB as it aims to enhance its services for investors in the Middle East. The opening coincides with recent regulatory milestones, including the new...
ENOC Group has announced significant achievements in energy efficiency, reporting savings of AED395 million over the past decade through its comprehensive Energy & Resource Management (E&RM) program. This initiative focuses on minimizing energy consumption and enhancing operational efficiencies across the organization. The company emphasized that their energy management efforts have not only led to substantial...
GigaBeam Corporation has announced that it received a purchase order worth $230 000 for its WiFiber wireless fiber links. This order comes from a systems integrator for deployment in a network supporting a government project in the United Arab Emirates. The Chairman and CEO of GigaBeam noted that this order is significant as it marks...
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the Deputy Ruler of Dubai, has approved the strategic plan for Dubai Courts that spans from 2025 to 2029. This new plan is built on 27 strategic performance indicators and includes the outline of 42 projects and initiatives aimed at enhancing the efficiency of the judicial system...
The Dubai Future Foundation (DFF), in partnership with the Executive Council of Dubai, has announced the opening of applications for the Dubai Future Experts Programme (DEEP). This initiative is recognized as the world’s first government-led program aimed at creating a certified network of strategic foresight experts across key government sectors in Dubai. Launched under the...
Gulf Arab airlines and other carriers in the Middle East are set to expand their fleets at nearly twice the global average rate over the next decade, according to industry experts. This growth is expected to center on narrow-body aircraft, which are increasingly favored for their suitability in the low-cost travel model. Globally, the fleet...
One in four companies in the Gulf Cooperation Council (GCC) is planning to invest more than $25 million in artificial intelligence by 2025, according to a recent study by the Boston Consulting Group (BCG). This finding aligns with a broader trend, as one in three companies globally intends to allocate a similar amount to AI...
Masdar, the Abu Dhabi Future Energy Company, is set to significantly expand its operations by investing nearly Dh30 billion in 2024. This investment will support the launch of new projects in nine countries, reinforcing Masdar’s role as a leader in the global clean energy sector. The company has also secured over Dh16.5 billion in project...
Today, H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, led the 87th meeting of the Council, which took place virtually. The meeting included key officials such as Saeed Mohammed Al Tayer, Vice Chairman, and Ahmed Buti Al Muhairbi, Secretary-General, along with board members from various sectors, including Marwan...
Sheikh Tahnoon bin Zayed, Deputy Ruler of Abu Dhabi and National Security Adviser, recently met with Mark Zuckerberg, the founder of Meta, and Peng Xiao, the chief executive of G42. This meeting was confirmed through a social media post, although the exact location was not disclosed. This engagement follows Sheikh Tahnoon’s earlier discussions with prominent...