Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, recently met with executives from prominent UAE-based space startups. This meeting aimed to enhance the country’s private-sector-driven space economy. Sheikh Hamdan, who is also the Chairman of the UAE’s Supreme Space Council,...
Sharjah is poised to unveil a significant freehold residential and mixed-use project next week, as the energy and healthcare firm Beeah enters the real estate development sector. This initiative marks a notable expansion for the company, which is well-known for its distinctive headquarters designed by the late architect Zaha Hadid. Khaled Al Huraimel, the Group...
Bahrain’s Municipalities and Agriculture Ministry has officially signed a memorandum of understanding (MoU) with the Bahrain Real Estate Investment Company, known as Edamah. This company acts as the real estate arm of Bahrain Mumtalakat Holding Company. The MoU was signed by Municipalities Affairs and Agriculture Minister Wael Al Mubarak and Shaikh Abdulla bin Khalifa Al...
The United Arab Emirates is intensifying its Emiratisation initiative, aiming for 50% to 60% of jobs in the insurance sector to be held by Emiratis by 2030. This initiative is part of a broader strategy by the government to increase Emirati representation in the workforce, particularly in the private sector, where expatriates currently make up...
Saudi Arabia and the Netherlands have signed several agreements and memoranda of understanding (MoU) with investments exceeding SR428 million (approximately $114.13 million) in Amsterdam. These agreements aim to develop and localize modern technologies in the environmental, water, and agricultural sectors. The signing ceremony took place during the visit of Saudi Deputy Minister of Environment, Water,...
Borouge Plc and ADNOC Logistics & Services Plc (ADNOC L&S) have announced a significant 15-year strategic partnership aimed at increasing the production and export of petrochemicals from the UAE. This collaboration is expected to enable a substantial rise in Borouge’s output, particularly following the expansion of the Borouge 4 plant. The partnership will involve ADNOC...
Kuwait has announced a new regulation that will require foreign workers in the private sector to obtain an exit permit from their employer before leaving the country, effective July 1, 2025. This decision has raised significant concerns regarding the erosion of workers’ freedoms and aligns Kuwait with other Gulf nations such as Saudi Arabia, Qatar,...
BigBear.ai (NYSE:BBAI) has announced a strategic partnership with Easy Lease PJSC and Vigilix Technology Investment to enhance artificial intelligence (AI) innovation in the United Arab Emirates. This collaboration aims to leverage the strengths of each company to drive advancements in AI technologies across various sectors in the region. The partnership reflects a commitment to fostering...
OpenAI, the creator of ChatGPT, is currently in discussions to raise funds amounting to $40 billion. This initiative includes talks with Saudi Arabia’s Public Investment Fund (PIF), India’s Reliance Industries, and existing shareholder MGX from the United Arab Emirates, as reported by The Information and Yahoo According to sources familiar with the situation, each of...
The United Arab Emirates is currently facing a significant shortage of qualified IT and technology professionals. This shortfall comes as digital transformation initiatives accelerate across various key sectors. Leading recruitment agencies have observed a notable rise in demand for executive search and outsourcing services to fill essential roles in areas such as cybersecurity, software engineering,...