Orbitworks, the UAE’s satellite manufacturing venture, has unveiled Altair, a constellation of 10 Earth observation satellites that will leverage artificial intelligence. The assembly and integration of these satellites will take place in Abu Dhabi, with production expected to begin in the second half of 2025. The satellites are scheduled for launch in 2026, aimed at...
Dubai Holding has garnered $15 billion in orders for its $584 million initial public offering (IPO) of the Dubai Residential Real Estate Investment Trust (REIT). This strong demand marks a significant indication of investor interest in Dubai’s thriving property market. The investment firm, owned by Dubai’s ruler, increased the size of its offering earlier this...
A research arm of the Abu Dhabi government, the Technology Innovation Institute (TII), has unveiled a new Arabic-language artificial intelligence model named Falcon Arabic. This initiative aims to secure the UAE’s technological advantage over competitors in the Middle East. Falcon Arabic was trained using a diverse dataset that includes Modern Standard Arabic as well as...
The UAE and Bahrain are aiming to strengthen their collaboration in vital sectors such as transport, logistics, and infrastructure. Recently, Suhail Mohamed Al Mazrouei, the UAE Minister of Energy and Infrastructure, met with Dr. Shaikh Abdulla bin Ahmed Al Khalifa, the Minister of Transportation and Telecommunications in Bahrain, to discuss potential joint projects. During their...
The foreign ministers of the UAE and Spain have engaged in talks to explore opportunities for enhancing cooperation in the economic and commercial sectors. Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of Foreign Affairs of the UAE, spoke with José Manuel Albares, Spain’s Minister of Foreign Affairs, to discuss ways...
The UAE has launched an initiative to convert shipping containers into mobile medical clinics, aimed at ensuring healthcare reaches remote and crisis-affected regions. This project, called ‘DOCKTOUR,’ is a collaboration between AD Ports Group and Burjeel Holdings and was officially presented during the “Make it in the Emirates” forum. Credit: ARN News The mobile hospitals...
Abu Dhabi is preparing to unveil Aion Sentia, the world’s first cognitive AI city, designed to enhance daily life by learning and adapting to its residents’ needs. Set for completion in 2027, Aion Sentia aims to go beyond the features of traditional smart cities by integrating systems that anticipate user requirements in real-time. For instance,...
Dubai’s first initial public offering (IPO) of 2025, the Dubai Residential REIT, has been priced at Dh1.1 per unit. This pricing establishes an initial market capitalization of Dh14.3 billion and offers a gross dividend yield of 7.7% for the year 2025. The REIT is set to distribute Dh1.1 billion as dividends this year. The demand...
Emirates Stallions Group (ESG) has announced a significant expansion of its operations in the Gulf Cooperation Council (GCC) through a 16-year agreement for the usufruct rights of 13 000 square meters of warehouse space in Saudi Arabia. This acquisition was disclosed in a press release and involves two warehouse facilities with areas of 7 448...
Abu Dhabi’s G42 has partnered with the US-based World Wide Technology (WWT) to launch a new initiative called Forge42. This initiative aims to position the United Arab Emirates as a leading exporter of artificial intelligence (AI) technology. Forge42 will enable companies in the Emirates to develop technology that is ready for export, thereby enhancing the...