Dubai is undergoing significant regulatory reforms aimed at enhancing its status as a growing hub for hedge funds. The Dubai Financial Services Authority (DFSA) is conducting a thorough review of existing regulations to reduce unnecessary burdens and lower entry barriers for financial firms. One of the key proposals from the DFSA includes reducing the minimum...
The Federal Authority for Nuclear Regulation (FANR) in Abu Dhabi has welcomed a high-level delegation from China, led by Dong Baotong, the Deputy Minister of Ecology and Environment and Head of the National Nuclear Safety Administration. This visit is part of a broader strategy by FANR to enhance partnerships with global regulatory bodies and deepen...
Flights between the UAE and London Heathrow Airport have resumed after a fire at Terminal 2 caused major disruptions on March 21. The fire led to a power outage, forcing the airport to shut down temporarily and delaying or cancelling over 1,300 flights. Thousands of travellers, including passengers from the UAE, faced significant inconvenience. Dubai-based...
Abu Dhabi has unveiled plans to become the world’s first fully AI-driven government by 2027, backed by a substantial budget of approximately $3.54 billion. This initiative represents a significant step toward reshaping public services through innovative technology, aiming to redefine the delivery of government services. The Abu Dhabi Government entered into a strategic partnership with...
Barq has announced a strategic partnership with Western Union, a global leader in international money transfers. This collaboration is set to redefine remittance services in the Kingdom, allowing millions of users to send and receive money through the barq app with unmatched ease and security. By merging Western Union’s extensive global payment network with barq’s...
The UAE property market is gaining traction among foreign institutional investors, who previously viewed it as speculative and unstable. This shift in perception is largely due to the potential for substantial returns and the country’s dependable rule of law. For a long time, many investors dismissed the UAE real estate sector as merely a luxury...
Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi, recently met with David Sacks, the United States Special Advisor on Artificial Intelligence and Cryptocurrency. This meeting took place as the United Arab Emirates (UAE) announced a significant $1.4 trillion investment framework aimed at bolstering its economic ties with the United States....
Adani Enterprises Limited has announced the establishment of a wholly owned subsidiary called Cococart International-FZCO in Dubai, UAE. This new entity was formed through its step-down subsidiary, Cococart Ventures Private Limited. The primary aim of this strategic move is to bolster Adani’s overseas trading capabilities, aligning with the business objectives of Cococart Ventures and potentially...
Researchers at the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have introduced groundbreaking technology that enables users to create realistic virtual avatars in just seconds using a standard webcam. This innovation promises to revolutionize virtual communication by allowing individuals to interact as if they were physically present, capturing facial expressions and movements in real-time....
The United Arab Emirates (UAE) has ambitious plans to have half of the cars on its roads be electric by 2050. However, estimates from researchers at PwC suggest that by 2030, only 15% of vehicles in the country are expected to be electric. Heiko Seitz, the Global and Middle East eMobility leader at PwC Middle...