Federal Express Corporation (FedEx), recognized as the world’s largest express transportation company, has introduced FedEx Surround® in the United Arab Emirates (UAE). This innovative solution is designed for monitoring and intervention in logistics and supply chain management, offering businesses enhanced shipment visibility, control, and reliability. Built on near real-time visibility and AI-powered predictive analytics, FedEx...
The UAE has established itself as a leader in autonomous mobility, positioning its cities as centers of excellence for future transportation, according to a recent report by the Autonomous Mobility Journal of Arthur D. Little. By integrating advanced infrastructure with strategic partnerships, the UAE is setting a global standard for the adoption of autonomous systems....
The Emirates Mission to the Asteroid Belt (EMA) has successfully completed its critical design review, marking a significant milestone in the mission’s timeline. This review involved collaboration between a group of Emirati and international experts and focused on the development updates for the MBR Explorer, which is set to proceed to the next phase of...
The Dubai Electricity and Water Authority (DEWA) has revealed that the total value of its 132kV transmission projects has reached AED 2.1 billion. This announcement was made by HE Saeed Mohammed Al Tayer, the Managing Director and CEO of DEWA. The authority commissioned 13 new 132kV substations with a conversion capacity of 1 950 megavolt-amperes...
Oracle has announced a partnership with UAE-based technology firm Open Innovation AI to enhance the adoption of sovereign AI solutions across the EMEA region. This collaboration aims to assist both public and private sector organizations in leveraging sovereign AI effectively while ensuring compliance with local regulations and data security standards. Open Innovation AI will utilize...
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has successfully concluded the third cohort of its National Digital Talent Incubator (NDTI)® program. This initiative reinforces Dubai’s reputation as a global hub for FinTech and is supported by a network of esteemed industry partners, including DIFC Innovation Hub,...
The Emirates Health Services Corporation has started using artificial intelligence (AI) at medical examination centres to improve the detection of pulmonary tuberculosis (TB) as part of residency, visa, and identity procedures in the UAE. This initiative aims to streamline the medical fitness screening process, which is mandatory for obtaining residency visas. By utilizing AI technology,...
Dubai has announced the establishment of a new free zone dedicated to sports and entertainment, named the International Sports and Entertainment Zone (ISEZA). This initiative will be located within the Dubai World Trade Centre (DWTC) Free Zone and aims to facilitate licensing for various business activities related to these sectors. ISEZA is touted as a...
ADQ, recognized as the third-largest sovereign wealth fund in Abu Dhabi, has successfully secured a majority stake in Aramex, a logistics company listed in Dubai. Following a voluntary tender offer, ADQ now owns 58 percent of Aramex. This includes 23 percent held by its subsidiary, AD Ports Group, and an additional 35 percent acquired from...
United Arab Emirates developers are set to invest more than $3 billion in luxury real estate projects in the Maldives by 2030. This significant investment is expected to transform the island nation from a solely tourism-focused destination into a lucrative second-home market for the ultra-wealthy, with potential returns of up to 20 percent, according to...