The United Arab Emirates has conveyed its solidarity with Argentina in the wake of catastrophic floods that resulted in numerous fatalities and extensive material damage. At least 16 people have lost their lives, and approximately 100 individuals are reported missing after the southeastern region of Argentina experienced unprecedented rainfall of 400mm (15.7 inches) within just...
The United Arab Emirates has approved a six-year investment plan aimed at enhancing the country’s economic resilience in the face of unpredictable international markets and politicized trade policies. This strategic move is designed to bolster the nation’s ability to navigate global economic challenges while fostering growth and stability. The investment plan will channel resources into...
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, recently met with Jean-Noël Barrot, Minister for Europe and Foreign Affairs of France, during an official visit to Paris. The meeting focused on enhancing the strategic relations between the UAE and France, with a particular emphasis on economic,...
Inception, a technology firm, has unveiled SHERKALA, a Large Language Model designed specifically for the Kazakh language. This model was developed in partnership with the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and Cerebras, and it has undergone extensive evaluation against human-curated benchmarks that focus on Kazakh culture, geography, and history to ensure high...
The Fathers’ Endowment campaign in the UAE has successfully raised an impressive Dh3.304 billion in donations since its launch. This initiative, which started during Ramadan to honor fathers, aims to create a sustainable endowment fund specifically dedicated to providing healthcare and treatment for those in need. Since its inception, the campaign has garnered support from...
The Sharjah Economic Development Department (SEDD) recently welcomed a delegation from Sharjah Police Headquarters. The purpose of this meeting was to enhance cooperation and exchange expertise between the two parties to better support the business sector, investors, and stakeholders in achieving sustainable economic development across various sectors in the emirate. During the meeting, several key...
Aramco Ventures, the investment arm of Saudi Aramco, has participated in a funding round for Ucaneo, a German startup focused on developing the country’s largest direct air capture facility. This investment follows Ucaneo’s successful seed round of €6.75 million ($7.3 million) in September 2024, although the specific amount of Aramco Ventures’ investment has not been...
Dubai is set to undergo significant traffic improvements with the introduction of 34 major projects aimed at enhancing transportation across the emirate. The Roads and Transport Authority (RTA) is implementing a wide range of solutions that include upgrades to land, water, air, and even underground transport systems. These initiatives are designed to address the growing...
Meraas, a subsidiary of Dubai Holding Real Estate, has awarded a contract exceeding AED 2 billion to Arabian Construction Company. This contract is for the development of the Design Quarter, located within the Dubai Design District (d3), a hub for global creativity and design. The Design Quarter will introduce the first residential community in d3...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who serves as the First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, recently met with the Chairman of LGT Group, H.S.H. Prince Max von und zu Liechtenstein. The meeting focused on enhancing collaboration between Dubai and LGT Group, a global leader...