Vertical Aerospace, a UK-based company, is making strides in the development of its electric vertical takeoff and landing (eVTOL) aircraft, the VX4. Designed to carry four passengers up to 100 miles at speeds of 150mph, the VX4 promises a quieter, greener alternative to helicopters for short-distance travel. With zero emissions and reduced travel times, the...
During the 55th Annual Meeting of the World Economic Forum in Davos, Abdulla bin Touq Al Marri, the Minister of Economy and Chairman of the UAE Circular Economy Council, underscored the UAE’s strategic role in the circular economy. Participating in a session titled “Turning Plastic Waste into Raw Materials: Fueling the Circular Economy,” he highlighted...
During a recent panel discussion at the World Economic Forum (WEF) annual meeting in Davos, Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, underscored the UAE’s pivotal role in transforming global trade. The discussion centered on the theme “Hacking Trade and Investment,” where Al Zeyoudi elaborated on how the UAE...
Dubai-based Samana Developers has announced the launch of a Dh2.2-billion luxury project in the Maldives, marking its first venture into branded residences. According to. Khaleej Times, the new development spans over 507,651 square feet and includes 190 keys that consist of beachfront villas, over-water bungalows, and poolside apartments. Scheduled for completion in 2029, the project...
Saudi Arabia hit a new milestone in 2024 with a record 178 venture capital (VC) deals, making up 31 percent of all VC transactions in the MENA region, according to a report by MAGNiTT, sponsored by Saudi Venture Capital Company (SVC). According to Economy Middle East, the Kingdom also retained its top position in MENA...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the UAE, engaged in a phone conversation with US Secretary of State Marco Rubio to explore the strategic relations between the two nations. During this call, Sheikh Abdullah congratulated Rubio on his recent appointment and expressed his...
Abu Dhabi and Dubai are set to become closer than ever with the announcement of a high-speed rail project that will reduce travel time between the two cities to just 30 minutes. The project, revealed during a ceremony at Al Fayah Station and organized by Etihad Rail, was attended by His Highness Sheikh Khalid bin...
The third season of Souq Al Freej, organized by Dubai Municipality, ran from December 13, 2024, to January 19, 2025, at Al Warqa 3 Park and Al Barsha Lake Park. This year’s event saw a remarkable turnout, attracting over 282,000 visitors, which represents a 76 percent increase compared to the previous season in 2024. WAM...
The Dubai Culture and Arts Authority (Dubai Culture) welcomed a high-level delegation from the Republic of Seychelles at its headquarters located in Dubai Design District. This visit supports the strategic partnership between the UAE and Seychelles and aligns with the objectives of the Government Experience Exchange Programme. This program aims to highlight the efforts of...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, on January 22, 2025. The meeting took place at Qasr Al Rawdah in Al Ain and was attended by His Highness Sheikh Mansour bin Zayed Al Nahyan,...