Maestral, a shipbuilding joint venture based in Abu Dhabi between Fincantieri and EDGE, has secured a significant contract for an ‘In-Service Support Strategic Partnership Project’ aimed at enhancing the entire fleet of the United Arab Emirates (UAE) Navy. This contract is valued at over $520 million and will be implemented over a five-year period. The...
The UAE Cabinet has recently issued Decision No. (3) of 2025, which confirms the filing thresholds for the new merger control regime that will take effect on 31 March 2025. This decision provides essential clarity to the framework established in December 2023, and stakeholders anticipate that further details will emerge with the publication of the...
Gecko Robotics is set to double its workforce and robot deployment in the UAE, aiming for a total of 40 to 50 employees and robots, according to CEO Jake Loosararian in an interview with Semafor. The Pittsburgh-based company, which specializes in developing devices and software for inspecting and maintaining critical infrastructure, has recently been valued...
The Next50 initiative is set to significantly impact the aerospace sector in the United Arab Emirates by offering high-performing students the chance to engage directly with advanced aircraft engines. This program allows students to gain hands-on training in maintaining engines such as the F110, which powers the General Dynamics F-16, and the T700, used in...
du, a leading telecom and digital services provider in the UAE, has announced a partnership with PEACE Cable International Network Co. Limited to bring the PEACE Cable System to the UAE. This collaboration aims to improve digital transformation and connectivity for du’s Wholesale and Enterprise customers through the advanced infrastructure of the PEACE Cable. The...
The UAE continues to stand out as one of the most trusting countries in the world, according to the 2025 Edelman Trust Barometer. The report, which surveyed over 33,000 respondents across 28 countries, reveals that the UAE exhibits exceptionally high trust levels in both government and business sectors. According to Zawya, trust in the UAE...
Checkout.com, a prominent global digital payments company, has announced the launch of Visa Direct’s Push-to-Card solution, becoming the first acquirer in the UAE to do so. This new service facilitates both cross-border and domestic transactions, enabling merchants and consumers to conduct real-time money transfers efficiently The Visa Direct platform connects over 190 markets and offers...
Dream Security, an Israeli cybersecurity startup, has reached a significant milestone by attaining a billion-dollar valuation. The company specializes in artificial intelligence solutions and has garnered support from an investor based in Abu Dhabi. Co-founded by former Austrian chancellor Sebastian Kurz, Dream Security is poised to make a notable impact in the cybersecurity landscape. The...
Abu Dhabi has taken a significant step in advancing autonomous mobility solutions with the successful live demonstration of the HEXA light sport passenger electric aircraft. This event was conducted by the Advanced Mobility Hub in partnership with LIFT Aircraft Middle East, showcasing the aircraft’s cutting-edge technology, safety features, and eco-friendly propulsion systems The HEXA aircraft...
The Arab Interior Ministers Council held a meeting where the primary focus was on enhancing security cooperation between the United Arab Emirates (UAE) and Kuwait. This meeting aimed at bolstering regional stability and addressing security challenges faced by both nations. According to WAM, during the discussions, various strategies were proposed to improve collaboration in security...