MGX, BlackRock, Global Infrastructure Partners (GIP), a subsidiary of BlackRock, and Microsoft have announced the inclusion of the Kuwait Investment Authority (KIA) into their AI infrastructure partnership. This collaboration aims to drive advancements in artificial intelligence and enhance infrastructure capabilities. Credit: Abu Dhabi Media Office The partnership signifies a commitment to fostering AI innovation and...
Concerns about the Arabic language being overlooked in the rapidly advancing field of artificial intelligence are diminishing with the launch of the Falcon Arabic language model. This new model was created in Abu Dhabi and unveiled by the Technology Innovation Institute (TII), a research center supported by the Abu Dhabi government. The TII had previously...
Ripple’s stablecoin, RLUSD, has received official approval from the Dubai Financial Services Authority (DFSA) for use within the Dubai International Financial Centre (DIFC). This announcement was made by Ripple on Tuesday, marking a significant step for the cryptocurrency in the region. The DFSA’s approval allows RLUSD to be utilized by Ripple and other businesses that...
UAE-based Emirates Coin Investment LLC (EmCoin) has achieved a significant milestone by becoming the first investment platform in the region to be regulated by the Securities and Commodities Authority (SCA). This development allows EmCoin to offer investment opportunities in both digital assets and traditional financial assets, including global equities, commodities, and Initial Coin Offerings (ICOs)...
DroppRWA, a sister company of the Web3 technology provider DroppGroup, has teamed up with Saudi Arabia’s real estate developer RAFAL Real Estate Co. to execute the kingdom’s first-ever real-world asset (RWA) tokenization transaction. This initiative represents a significant turning point, as the RAFAL pilot will serve as a national feasibility benchmark for the future of...
Ethiopian Airlines, recognized as Africa’s largest network operating carrier, has announced the commencement of a new passenger service connecting Sharjah, United Arab Emirates, to Addis Ababa, effective June 1, 2025. This new route aims to enhance travel convenience and foster trade, tourism, and cultural exchange between Africa and the Middle East. The launch of the...
The Environment Agency – Abu Dhabi (EAD) has officially launched an integrated system aimed at managing and monitoring waste management activities throughout the emirate. This initiative is designed to improve oversight and efficiency in waste management practices across various sectors. Credit: Abu Dhabi Media Office The new system will provide a structured approach to inspect...
Du, part of Emirates Integrated Telecommunications Company (EITC), announced a strategic partnership with DIFC Innovation Hub on Monday to launch the ‘du Business Entrepreneurship Programme’. This initiative aims to provide significant support to entrepreneurs and start-ups, emphasizing innovative programs and initiatives to enhance the UAE’s business ecosystem. The programme focuses on elevating small and medium...
Bahrain is set to see the construction of a new state-of-the-art health centre in Galali, with a project value of BD5.2 million. This initiative was announced by BBK, a leading retail and corporate bank in Bahrain, during an official signing ceremony at the bank’s headquarters in Manama. Contracts have been signed with Mohammed Jalal Contracting...
Abu Dhabi has been recognized as the leading city globally for sovereign wealth, managing an impressive total of $1.7 trillion in assets. This wealth is primarily held by three major entities: the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and the Abu Dhabi Developmental Holding Company (ADQ). Diego Lopez, the founder and managing director...