Access to funding continues to be a significant challenge for women entrepreneurs in the UAE, as highlighted by a recent study. According to Visa’s Women SMB Digitalization Index, over half (57 per cent) of women-owned businesses in the UAE rely on personal finances to operate, while 43 per cent turn to family and friends for...
The Endowments and Minors’ Trust Foundation in Dubai, known as AWQAF Dubai, has announced a partnership with Al Jalila Foundation to develop an endowment facility valued at AED38 million. This initiative aims to enhance cancer care services at the Hamdan Bin Rashid Cancer Hospital in Dubai. The collaboration will focus on providing sustainable funding to...
Space42 and Viasat, Inc. have announced a partnership aimed at exploring options for a global 5G Non-Terrestrial Network (NTN). This initiative was formalized through a signed memorandum of understanding (MoU) that emphasizes collaboration between the two companies. The partnership seeks to combine Viasat’s satellite communication technology with Space42’s expertise in the space sector. By leveraging...
The National Media Office has announced the launch of the BRIDGE Summit, a global initiative aimed at exploring the future of media worldwide. This announcement was made during a special event held in Washington, D.C., marking a significant step in media innovation. The BRIDGE Summit is designed to bring together thought leaders, industry experts, and...
The Abu Dhabi Securities Exchange, which is the second-largest exchange in the Middle East, has officially welcomed the listing of Alpha Data, a digital transformation provider and systems integrator in the UAE. This marks a significant milestone as it is the UAE’s first initial public offering (IPO) of 2025 and the Exchange’s second offering this...
Kimbal Musk, the brother of Elon Musk, has signed an agreement with the Abu Dhabi tourism authority to utilize drone technology for events. This collaboration was witnessed by Sheikh Khaled bin Mohamed, the Crown Prince of Abu Dhabi, highlighting the importance of the partnership. The agreement aims to enhance the capabilities of event management in...
India has emerged as the leading source of foreign direct investment (FDI) in Dubai, contributing $3.018 billion in 2024. This investment marks a significant increase from $589 million in 2023, representing a fivefold growth. The data highlights India’s dominant position among top investors in the emirate, followed by the United States, France, and the United...
Dubai’s luxury transport sector has seen a surge, with a 44 percent increase in trips recorded in 2024. The number of trips reached 43 443 678 compared to 30 219 821 in 2023, marking the highest growth in recent years for this segment. Adel Shakri, the Director of Planning and Business Development at the Public...
Italy’s Synapsia has finalized a $2.5 billion contract with UAE’s Bold Technologies to deliver AI-powered city management services for Abu Dhabi. The Italian firm will develop advanced technology aimed at resolving urban challenges, including issues related to transport, parking, and emergency disaster response. Marinelli described the initiative as a “cognitive city project,” which he stated...
Dubai has announced the establishment of a dedicated sports and entertainment free zone, marking a significant step in its efforts to become a top destination for sports and entertainment events. This new business cluster is designed to attract leading businesses from these industries to the emirate. The free zone aims to bring in global brands,...