Switzerland-based hotel firm Aman Group is actively seeking to secure $2 billion in new capital to support its global expansion initiatives. The luxury hospitality brand has already attracted approximately $1.3 billion from Gulf wealth funds and other investors over the past three years. The funds will be utilized to open more hotels across the Middle...
Abu Dhabi’s ADQ, a sovereign investment company formerly known as Abu Dhabi Developmental Holding Company, has announced a significant partnership with Energy Capital Partners (ECP) based in New Jersey. The collaboration aims to invest over $25 billion in developing power generation and energy infrastructure, targeting projects totaling 25 gigawatts (GW). This 50-50 partnership combines ADQ’s...
UAE-based gametech startup PlaysOut has successfully raised US$7 million in a seed funding round, which has resulted in a company valuation of US$70 million. This funding will help PlaysOut enhance its offerings and expand its market presence. The investors participating in this funding round include notable names such as OKX Ventures, KBW Ventures, and Pacific...
The United Arab Emirates is making significant investments in developing its own artificial intelligence language models. This initiative aims to enhance digital sovereignty and stimulate economic growth within the nation. With these advancements, the UAE is positioning itself as a leader in the global AI landscape. The potential of AI language models, particularly Large Language...
Nvidia and Elon Musk’s xAI have recently joined a consortium supported by Microsoft, the UAE investment fund MGX, and BlackRock to enhance artificial intelligence (AI) infrastructure in the United States. This announcement was made on Wednesday amidst an escalating global competition to lead in the emerging AI technology space. The consortium, which was formed last...
Expo Centre Sharjah has reaffirmed its dedication to enhancing the exhibitions and events industry in the UAE, particularly in Sharjah. This commitment aims to foster growth that benefits vital economic, social, cultural, and educational sectors while also contributing to sustainable development. During a recent Board of Directors meeting, the Centre unveiled its events calendar for...
The United Arab Emirates (UAE) and Tunisia have officially launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA), aimed at bolstering bilateral trade and investment between the two nations. This agreement seeks to lower tariffs and trade barriers, enhance market access, and establish new pathways for investment across vital sectors. During a virtual meeting, Dr....
Faisal Hamady, Managing Director and Partner at Boston Consulting Group (BCG), told that Artificial Intelligence will generate substantial economic opportunities in the Gulf Cooperation Council (GCC) over the next 5 to 10 years. Key sectors such as energy, smart cities, logistics, and healthcare are expected to benefit significantly from AI advancements. According to Zawya, Hamady...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of The Executive Council of Dubai, has issued a resolution to create a Data and Statistics Committee in the emirate. This committee is tasked with enhancing the quality and availability of statistical data to support informed decision-making across...
The Dubai AI Festival 2025 is poised to make a significant impact on the global landscape of artificial intelligence (AI) during AI Week, taking place on April 23-24, 2025, at Madinat Jumeirah, Dubai. This festival aims to unite AI and travel innovators to explore breakthroughs, investments, and the future of AI-driven industries. It is organized...