Italy and the United Arab Emirates have formally agreed to develop an artificial intelligence hub in Italy, according to Industry Minister Adolfo Urso. This announcement was made on Friday and highlights a significant step in technological collaboration between the two nations. The partnership involves Abu Dhabi-based AI group G42 teaming up with the Italian company...
Ras Al Khaimah Economic Zone (RAKEZ) has successfully completed a multi-city business mission across China, enhancing its position in promoting UAE-China trade and investment relations. The delegation participated in key events, including the UAE-China (Sichuan) Economic & Trade Cooperation Promotion Conference, held by the Embassy of the UAE in Beijing, and the Invest UAE Roadshow...
The Ministry of Investment of the United Arab Emirates and the Perak State Development Corporation in Malaysia have officially signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in food security. This agreement also includes plans for the development of the Bagan Datuk International Sea-Hub Multipurpose Terminal in Perak State, which reflects both parties’...
The Ghana-UAE Innovation and Technology Hub is set to create thousands of high-value, technology-driven jobs aimed at benefiting Ghana’s young population. This initiative also focuses on building export capacity in advanced technologies and value-added services. On May 29, the Ministry of Communication, Digital Technology, and Innovations (MoCDTI) in Ghana signed a Memorandum of Understanding (MoU)...
OMV AG has sold its stake in a $20 billion natural gas concession located off the coast of Abu Dhabi to Russia’s Lukoil PJSC, marking a significant exit from a project that was initially viewed as a means to distance itself from the Kremlin’s energy influence. The Vienna-based company divested its 5% interest in the...
Dubai has secured the opportunity to host the 2026 International Symposium on Electronic Art (ISEA), a significant accomplishment that reinforces the emirate’s status as a global cultural hub. This announcement was made at the end of this year’s symposium held in Seoul, South Korea. The successful bid reflects the joint efforts of the Dubai Culture...
Gridora, an infrastructure platform established by ADQ, IHC, and Modon Holding, has signed its first Memorandum of Understanding (MoU) with the Abu Dhabi Projects and Infrastructure Centre (ADPIC). This agreement aims to accelerate the delivery of significant transport infrastructure projects valued at an estimated AED 35 billion. The MoU represents a critical step in Gridora’s...
HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), recently welcomed Vugar Ahmadov, Chairman & CEO of Azerishiq, the electrical grid operator in Baku, Azerbaijan. Their meeting aimed to discuss shared ambitions in fostering innovation and sustainability within the energy sector. Credit: DEWA The discussions included key DEWA executives...
Al Bateen Ladies Club has partnered with L’Occitane en Provence to create a summer experience running from May 17 to June 1 at Al Bateen Beach, Abu Dhabi. This event combines elements of beauty and wellness, providing a tranquil seaside setting for attendees. Guests at the Al Bateen Ladies Club and L’Occitane en Provence experience...
The United Arab Emirates has launched the region’s first licensing system for finance influencers, a significant step that wealth managers believe will provide “long overdue accountability” for social media financial content, which has often endangered investors. The UAE’s Securities and Commodities Authority (SCA) announced the new “finfluencer” license on Wednesday, establishing a regulatory framework for...