The fourth edition of ‘Make it in the Emirates’ wrapped up in Abu Dhabi after a successful four-day event, revealing new industrial projects worth over AED 11 billion. This initiative aims to boost local manufacturing and promote investment in the industrial sector. Credit: Emirates 24/7 Over the course of the event, various stakeholders showcased their...
Dubai’s stock index has reached new 17-year highs this week, driven by rising first-quarter earnings and a strong non-oil economy that has attracted investors to UAE stocks over the larger Saudi market. The Dubai Financial Market General Index has seen a notable increase, highlighting the growing investor confidence in the region. In contrast, Gulf markets,...
The United Arab Emirates (UAE) is taking significant steps to transform its urban infrastructure into smart cities by integrating advanced robotics and drone technology. This initiative includes the gradual deployment of these technologies across government departments and public facilities, as well as the introduction of driverless vehicles and flying taxis. According to Statista, the global...
Sophos, a global leader in innovative security solutions, has announced plans to open a new data center in the UAE by the end of the year. This initiative aims to strengthen cybersecurity performance, ensure data sovereignty, and enhance regulatory compliance for regional organizations. The expansion aligns with Sophos’ broader investment strategy in the region and...
China has granted approval for Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), to acquire a 10% stake in China Asset Management Co (ChinaAMC), the country’s second-largest mutual fund company. This approval marks the first significant investment in the sector from a major Middle Eastern investor amid escalating tensions with Western nations. The approval...
Well-timed seasonal campaigns significantly enhance app downloads and user engagement, particularly noted during the recent Ramadan period in March across Middle East markets. According to data from AppsFlyer, there was a 15% year-over-year increase in app usage sessions across all categories, with gaming, shopping, and finance apps leading the way in maintaining engagement. The data...
Cisco, a global leader in networking and security, has signed a Memorandum of Understanding (MoU) to join the Stargate UAE consortium as a preferred technology partner. This strategic agreement, signed by Cisco’s Chair and Chief Executive Officer Chuck Robbins along with other consortium members including G42, OpenAI, Oracle, NVIDIA, and SoftBank Group, aims to construct...
The Oman Tourism Development Company (OMRAN Group) has formally signed a Memorandum of Understanding (MoU) with Al Dhahirah Governorate to advance the much-anticipated “Ibri View” project. This agreement aligns with the objectives of Oman Vision 2040, marking a significant step in the country’s effort to establish vibrant tourism destinations throughout the Sultanate. This strategic partnership...
NMDC Energy PJSC has entered into a strategic Memorandum of Understanding (MoU) with Al Gharbia, a leading advanced pipeline manufacturer based in Abu Dhabi. This partnership aims to explore methods to accelerate pipe production within the UAE to cater to both local and regional demand for pipeline infrastructure. Al Gharbia is recognized as one of...
The Abu Dhabi Investment Office (ADIO) has unveiled a series of talent development initiatives aimed at fostering Emirati leadership within the industrial sector. These programs are specifically designed to empower Emiratis to take on significant roles in high-impact industries, enhancing the local workforce’s capabilities. According to ADIO, these new initiatives will include training and mentoring...