The United Arab Emirates (UAE) is investing in AI. On May 13th, the UAE government research institute announced a new open-source gen-AI model capable of competing with large technology companies. The …
Dubai tops global foreign direct investment rankings, attracts $10.7bn capital and creates 45,000 jobs
Dubai has further reinforced its position as the world’s leading hub for foreign direct investment (FDI). According to the Financial Times “fDi Markets” data, Dubai ranked number one overall in global …
Dubai remains top globally for greenfield FDI projects, beating Singapore and London
Dubai remained the world’s top destination for greenfield foreign direct investment projects in 2023, the third consecutive year it has achieved that status, despite challenging global economic …
Dubai property portfolio calls into question effectiveness of sanctions on Kinahan cartel leader, experts say
Caoimhe Robinson, wife of accused drug kingpin Daniel Kinahan, has bought and sold properties in Dubai as he faces U.S. sanctions, the Dubai Unlocked investigation reveals.
Dubai Quality of Life Strategy 2033: Sheikh Hamdan announces massive infrastructure upgrade
The strategy includes a host of initiatives designed to enhance wellbeing across various facets of Dubai’s urban environment …
Robust Gulf IPO activity records $1.2b proceeds in Q1
IPO activity in the Mena region retained strong momentum in the first quarter of 2024 with 10 initial public offerings in Saudi Arabia and the UAE recordin..
Consumer confidence in UAE banking rose to 90% in 2023: UBF Chairman
Abdulaziz Al Ghurair, Chairman of UAE Banks Federation, (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from …
Crypto Exchange Rain Suffers $14 Million Exploit: ZachXBT Reported
On-chain sleuth ZachXBT reported that Bahrain-based crypto exchange Rain has been the victim of an exploit that saw $14.8 million in crypto stolen from the platform. The stolen crypto was later …
Abu Dhabi owners of Man City and Girona given options to meet UEFA’s Champions League entry rules
The Abu Dhabi investors in Manchester City and Girona have been offered divestment options by UEFA to let both compete in the Champions League next season by complying with integrity rules for teams …
Committed to safeguard global financial system: UAE embassies
The United Arab Emirates officials have said that the country was committed to protect the integrity of global financial system after the bombshell report on various global …
UAE: Friends of Cancer Patients signs MoU with Saqr Hospital
In a concerted effort to bolster the fight against breast cancer, Friends of Cancer Patients (FOCP) has entered into a Memorandum of Understanding (MoU) with Saqr Hospital, an affiliate of Emirates …
UAE’s gold jewellery demand is world’s 5th largest
The UAE remains the world’s fifth-largest in terms of gold jewellery demand despite falling consumption level in the past 12 months as the yellow metal’s rise to all-time highs above $2,400 an ounce …
Alat Free Economic Zone Authority Participates In Exhibition At AIM Congress In UAE
The Alat Free Economic Zone Authority (AFEZ Authority)participated at the exhibition organised in the framework of theAnnual Investment Meeting (AIM Congress) held in Abu Dhabi, UAE, Azernews reports.
UAE telco e& claims record 5G speed of 30.5 Gbps
UAE said it is paving the way for the 6G era by 2030 in line with the country’s recently unveiled 6G Roadmap by telecom regulator TDRA …
Villas vs apartments in Dubai: What’s a better investment?
Simultaneously, Dubai’s urbanisation and population concentration has fuelled the necessity for better lifestyles, which makes both property models feasible. The key factor is to leverage consumer …
e& UAE sets new world record with fastest 5G speed of 30.5Gbps
ABU DHABI, 13th May, 2024 (WAM) — e& UAE today announced registering the world’s fastest recorded speed of 30.5Gbps on its live 5G network, marking a significant milestone in its evolution towards 5G …
5G-Advanced to herald a new era of digital innovation
While 5G laid the groundwork for faster speeds and more reliable connections, 5G-Advanced is set to push these boundaries further, offering significant enhancements in terms of network efficiency, …