IMCD, a leading global distribution and formulation company specializing in specialty chemicals and ingredients, has chosen Dubai Science Park to establish a laboratory complex that enhances the UAE’s position as an important research and development (R&D) hub. The new facility, spanning 4 160 square feet, features dedicated floors for food and beverage (F&B) and coatings...
Global crypto investment funds have achieved a significant milestone, continuing their winning streak for the ninth consecutive week and drawing in $1.9 billion in new inflows, as reported by CoinShares. This marks the highest year-to-date total for digital asset funds, which now stands at $13.2 billion for 2024. For investors in the UAE, this trend...
Dubai’s Roads and Transport Authority (RTA) announced yesterday that it has signed a Memorandum of Understanding (MoU) with Uber Technologies (UBER) and WeRide (WRD). This agreement will initiate pilot operations of autonomous vehicles later this year, utilizing the Uber app in Dubai. During the initial phase, these autonomous vehicles will operate with a safety driver...
Dubai’s government employees will benefit from a new initiative aimed at enhancing their work-life balance during the hot summer months. The Dubai Government Human Resources Department (DGHR) has officially announced the return of the ‘Our Flexible Summer’ initiative, which allows public sector workers to choose between two flexible work schedules from July 1 to September...
Abu Dhabi Ports Company (AD Ports) has signed three heads of terms (HoTs) with the Bahrain-based Arab Shipbuilding and Repair Yard Company (ASRY) for strategic maritime and ports projects. The collaboration aims to establish a joint venture (JV) to manage drydock facilities and shipyards, which is expected to enhance dry docking and shipbuilding capabilities within...
Abu Dhabi’s startup ecosystem has achieved significant recognition, emerging as one of the fastest-growing hubs in the Middle East and North Africa (MENA). This information comes from the 2025 Global Startup Ecosystem Report (GSER), which was launched today at VivaTech in Paris. The GSER is known as the world’s most comprehensive research on startup ecosystems...
Dubai Heights Academy in Dubai has partnered with MIT Media Lab in the United States to reshape the future of artificial intelligence (AI) in education. This collaboration, which involves a significant investment of AED 160 million, focuses on research and development. It allows MIT to review and refine project materials based on feedback from students...
Dubai, UAE – Space Point, an edtech start-up based in the UAE and part of the Mohammed Bin Rashid Innovation Fund (MBRIF)’s Innovation Accelerator program, has announced a partnership with the UK firm Advanced Rocket Technologies (ART). This collaboration aims to improve science, technology, engineering, and mathematics (STEM) education while advancing space technology development in...
Power Metallic Mines Inc. has been granted the exploration license for the Jabal Baudan project, located in Saudi Arabia’s Jabal Sayid Mineralized Belt. This achievement is significant as it positions Power Metallic as one of the few foreign companies with mining concessions in the Kingdom. The strategic acquisition aligns with Saudi Arabia’s Vision 2030 initiative,...
Alef, a leading real estate developer in the Emirate of Sharjah, has officially launched Hamsa 3, the final residential phase of the Al Mamsha Raseel project. This phase is part of a master plan that spans over 48 000 square meters, with more than 65% of the area dedicated to green open spaces. This initiative...