The United Arab Emirates has announced a significant $60 million (AED 220 million) initiative aimed at enhancing educational opportunities for visually impaired students across Ethiopia. This initiative is being implemented by the Khalifa Bin Zayed Al Nahyan Foundation in collaboration with the Federal Democratic Republic of Ethiopia, building on the success of the Sheikha Fatima...
A recent study has revealed that Sotagliflozin, a drug approved by the US Food and Drug Administration (FDA) for treating type 2 diabetes, can also significantly lower the risk of heart attacks and strokes. This finding came from an international clinical trial that involved over 10,000 participants and highlighted the drug’s additional benefits in reducing...
The Ministry of Finance of the UAE has published a public consultation document detailing the planned implementation of eInvoicing in the country. This document, titled the eInvoicing Programme Consultation Paper, spans 168 pages and outlines the main features and framework of the proposed eInvoicing model, including specific use cases and anticipated data requirements. According to...
Abu Dhabi’s Sovereign Wealth Fund (ADSWF) has made a noteworthy investment of $436 million in Bitcoin exchange-traded funds (ETFs) during the first quarter of 2025. Such large acquisitions by sovereign funds may influence market dynamics and investor sentiment, as they signal increasing confidence in Bitcoin and could drive further institutional investments. This investment, recorded on...
Shanghai-based electric vehicle (EV) manufacturer Nio is preparing to open its first battery swap station in the Middle East later this month. An internal source revealed that the station has already been powered up and is currently undergoing testing, with a launch anticipated by the end of February. As reported by Electric-Vehicles.com, the approval process...
UAE is increasingly turning to vertical farming as a strategy to lower crop prices. As businesses venture into agricultural projects, they are finding it easier to get their products on supermarket shelves, improving their chances of profitability. The rise of both advanced vertical farms and traditional farming methods across the region is making a significant...
In 2024, the value of real estate transactions in Sharjah surged by nearly 48 percent, driven largely by increased foreign investment. This growth comes three years after the emirate updated its real estate laws to attract a broader range of investors. According to a report by Savills real estate agency, the number of nationalities investing...
The Abu Dhabi Fund for Development (ADFD) has officially reached a total funding amount of approximately AED229 billion, as announced during the World Governments Summit 2025, which was held in Dubai. The summit, themed “Shaping Future Governments,” gathered government leaders, ministers, senior officials, and global experts from various sectors to exchange knowledge and strategies for...
Emirates Water and Electricity Company (EWEC) has issued a request for proposal (RfP) for the establishment of the 140 MW Al Sila wind power project in Abu Dhabi, United Arab Emirates. This RfP was sent to 16 companies and consortiums that qualified during the expression of interest round conducted in October 2024. Responses to the...
FastBull Finance Summit has announced its inaugural event in Dubai, scheduled for April 16-17, 2025. The summit will take place at the renowned Coca-Cola Arena and aims to bring together industry leaders, investors, and financial experts for two days filled with important discussions, innovative trends, and valuable networking opportunities. The event will run from 10:00...