A UAE company has introduced the Eneron Magnus, a rugged hybrid military vehicle designed to compete with Tesla in the field of autonomous vehicle production. This unveiling highlights the company’s ambition to innovate in both autonomous vehicles and humanoid robots, aiming for a significant presence on the global stage. The Eneron Magnus is being positioned...
Trading in the United Arab Emirates’ equity markets resulted in mixed outcomes on Monday, reflecting a cautious sentiment influenced by US President Donald Trump’s plans to impose new tariffs. At the close of trading, the FTSE ADX General Index decreased by 0.715%, while the DFM General Index rose by 0.39%. The Trump administration is exploring...
Qatar, the United Arab Emirates (UAE), and Saudi Arabia are leading the way in the Middle East’s tourism sector, particularly in luxury wellness and sports tourism. This shift is significantly impacting global travel, as highlighted during the 51st session of the UN Tourism Regional Commission held in Doha last week During the conference, high-level delegations...
The United Arab Emirates (UAE) will collaborate with Ukraine to create the first food hub on the African continent, according to Ukrainian President Volodymyr Zelensky. This announcement was made during an online press conference held in Abu Dhabi with Ukrainian journalists, as reported by Ukrinform During the event, Zelensky told that both nations have long...
Maestral, a shipbuilding joint venture based in Abu Dhabi between Fincantieri and EDGE, has secured a significant contract for an ‘In-Service Support Strategic Partnership Project’ aimed at enhancing the entire fleet of the United Arab Emirates (UAE) Navy. This contract is valued at over $520 million and will be implemented over a five-year period. The...
The UAE Cabinet has recently issued Decision No. (3) of 2025, which confirms the filing thresholds for the new merger control regime that will take effect on 31 March 2025. This decision provides essential clarity to the framework established in December 2023, and stakeholders anticipate that further details will emerge with the publication of the...
Gecko Robotics is set to double its workforce and robot deployment in the UAE, aiming for a total of 40 to 50 employees and robots, according to CEO Jake Loosararian in an interview with Semafor. The Pittsburgh-based company, which specializes in developing devices and software for inspecting and maintaining critical infrastructure, has recently been valued...
The Next50 initiative is set to significantly impact the aerospace sector in the United Arab Emirates by offering high-performing students the chance to engage directly with advanced aircraft engines. This program allows students to gain hands-on training in maintaining engines such as the F110, which powers the General Dynamics F-16, and the T700, used in...
du, a leading telecom and digital services provider in the UAE, has announced a partnership with PEACE Cable International Network Co. Limited to bring the PEACE Cable System to the UAE. This collaboration aims to improve digital transformation and connectivity for du’s Wholesale and Enterprise customers through the advanced infrastructure of the PEACE Cable. The...
The UAE continues to stand out as one of the most trusting countries in the world, according to the 2025 Edelman Trust Barometer. The report, which surveyed over 33,000 respondents across 28 countries, reveals that the UAE exhibits exceptionally high trust levels in both government and business sectors. According to Zawya, trust in the UAE...