Elon Musk’s AI company, xAI, has launched its latest AI model, Grok 3, setting a new benchmark in artificial intelligence. Announced late Monday, Grok 3 boasts upgraded capabilities, including advanced reasoning and image analysis, and powers several features on X, Musk’s social platform. The model has been in development for months, initially planned for release...
Ericsson and stc Group have unveiled a strategic collaboration called the “Fusion Partnership” at the LEAP 2025 event, aiming to accelerate innovation and broaden their market opportunities. This partnership highlights their shared commitment to enhancing solutions and services for both businesses and consumers, which is expected to significantly shape the future landscape of the telecom...
Abu Dhabi is intensifying efforts to boost investments with China, anticipating that bilateral trade will reach $200 billion by 2030. The Abu Dhabi Department of Economic Development (ADDED) is leading an economic delegation to China as part of this initiative, aiming to strengthen the emirate’s role as a global hub for talent, businesses, and investments....
Sharjah Police are implementing an innovative system that integrates live biometric facial recognition technology into their patrol cars. This advanced system is designed to streamline criminal investigations and enhance operational efficiency. The technology is embedded in smart cameras and bars on the vehicles, enabling real-time data analysis and identification while being connected to relevant authorities’...
InCred Group, a diversified financial services firm, has announced its acquisition of Arrow Capital (DIFC) Limited, a prominent boutique financial services provider based in Dubai. This acquisition, revealed on February 17, 2025, is a strategic move aimed at enhancing InCred’s global capabilities in wealth management, investment banking, and asset management. Arrow Capital, established in 2016...
ASB Capital, a newly established asset management firm, has officially commenced operations in the Dubai International Financial Centre (DIFC) with an impressive $4.5 billion in assets under management (AUM). Licensed by the Dubai Financial Services Authority (DFSA), the firm plans to provide a range of wealth and asset management solutions, which include offerings in public...
A UAE company has introduced the Eneron Magnus, a rugged hybrid military vehicle designed to compete with Tesla in the field of autonomous vehicle production. This unveiling highlights the company’s ambition to innovate in both autonomous vehicles and humanoid robots, aiming for a significant presence on the global stage. The Eneron Magnus is being positioned...
Trading in the United Arab Emirates’ equity markets resulted in mixed outcomes on Monday, reflecting a cautious sentiment influenced by US President Donald Trump’s plans to impose new tariffs. At the close of trading, the FTSE ADX General Index decreased by 0.715%, while the DFM General Index rose by 0.39%. The Trump administration is exploring...
Qatar, the United Arab Emirates (UAE), and Saudi Arabia are leading the way in the Middle East’s tourism sector, particularly in luxury wellness and sports tourism. This shift is significantly impacting global travel, as highlighted during the 51st session of the UN Tourism Regional Commission held in Doha last week During the conference, high-level delegations...
The United Arab Emirates (UAE) will collaborate with Ukraine to create the first food hub on the African continent, according to Ukrainian President Volodymyr Zelensky. This announcement was made during an online press conference held in Abu Dhabi with Ukrainian journalists, as reported by Ukrinform During the event, Zelensky told that both nations have long...