Airbus is reinforcing its commitment to the United Arab Emirates (UAE) through a strategic plan that focuses on enhancing partnerships and boosting local industrial capabilities. Jean-Brice Dumont, head of air power at Airbus Defence and Space, emphasized the company’s dedication to supporting the UAE’s vision of becoming a global hub for future industries. This effort...
UAE-based shallow water offshore drilling contractor Shelf Drilling (SHLF) has announced a partnership with Arabian Drilling, the largest onshore and offshore drilling company in Saudi Arabia. This collaboration aims to enhance their offshore drilling capabilities, indicating a strategic move to widen their operational horizons in the region. The partnership will enable both companies to pool...
e& enterprise, the digital transformation arm of e&, has announced a strategic partnership with PayPal, a globally recognized payment solutions provider. This three-year collaboration aims to enhance the payment capabilities available through the e& enterprise digital payments platform, enabling businesses in the UAE and beyond to offer a wider range of payment options. The integration...
Egyptian Prime Minister Mostafa Madbouly met with Saudi Energy Minister Prince Abdulaziz Bin Salman Bin Abdulaziz Al Saud on Monday at the Al Manara International Conferences Center. This meeting occurred alongside the 8th Egypt Energy Show (EGYPES 2025), which was inaugurated by Egyptian President Abdel Fattah Al-Sisi. During the meeting, Madbouly reaffirmed Egypt’s commitment to...
There is an increasing trend of students from the UK and Europe choosing Dubai for their educational and professional development. This observation comes from Ben Hardy, the academic director of leadership programmes and a clinical professor of organisational behaviour at London Business School, one of the world’s leading business institutions. Hardy noted that many professionals...
Abu Dhabi-listed Investcorp Capital has significantly increased its real estate asset base in the United States by acquiring four new student housing properties for a total transaction value exceeding $300 million. This move marks a strategic expansion into the US housing market. According to Zawya, the newly acquired assets are located in Texas and Oklahoma,...
The Dubai International Financial Centre (DIFC) has reported its strongest annual financial performance in 2024, with combined revenues reaching AED 1.78 billion. This impressive figure comes from nearly 7,000 registered companies operating within the center. In 2024, DIFC welcomed a record-breaking 1,823 new company registrations, marking a 25 percent increase from the previous year. His...
Elon Musk’s Boring Company has received official approval to construct the ‘Dubai Loop’, a 10.6-mile (17 km) tunnel network designed to transport up to 20,000 passengers each hour at speeds reaching 100 miles per hour (160 km/h). This ambitious project aims to ease traffic congestion in the city and promises to significantly reduce travel times...
Dubai has announced a new Golden Visa Scheme specifically for yacht owners, allowing them long-term residency in the emirate. This initiative follows a similar scheme launched recently in Abu Dhabi, aimed at attracting high-net-worth individuals to the region. The announcement was made by the General Director of Residence and Foreigners Affairs. Further details of the...
Industry analyst Richard Aboulafia has raised concerns regarding the timeline for the introduction of electric vertical-takeoff-and-landing vehicles (eVTOLs) in the United Arab Emirates (UAE). According to Aviation Week, in a commentary published in September 2024, he questioned, “When will an eVTOL, or anything AAM [advanced air mobility], actually enter service? Great question! The answer always...