An AI research university in Abu Dhabi has launched a new low-cost reasoning model that’s a fraction of the size of available options while performing just as well, according to the developers.
UAE expats increasingly drive shift to digital remittances
The shift towards digital remittances in the UAE mirrors a global trend. The World Bank estimates that digital remittances will account for nearly half of global flows by 2030, up from about 35 per …
Dubai leads UAE’s non-oil growth in 2025 as diversification boosts investor outlook
The UAE’s non-oil economy grew at its fastest pace in six months in August 2025, with Dubai leading gains and investor confidence hitting new highs …
UAE, Gulf stock markets open lower after Israel strikes in Qatar
Most of the UAE and other Gulf stock markets opened slightly lower on Wednesday, following heightened geopolitical tension in the region after an Israeli strikes targeting senior Hamas officials in …
Wynn, UAE partners secure land for possible second casino resort in Ras Al Khaimah
Wynn Resorts and its partners in the United Arab Emirates have secured land rights for a potential second integrated resort (IR) with a casino in Ras Al Khaimah, alongside provisions that could allow …
Nisus Finance acquires majority stake in NCCCL to drive India–UAE infrastructure growth
Strategic buyout aligns one of India’s oldest construction companies with NiFCO’s vision, expanding real estate and infrastructure capabilities across India and the UAE …
Ministry of Finance holds second ‘Customer Council’ under Zero Government Bureaucracy programme
As part of the second phase of the Zero Government Bureaucracy programme, the Ministry of Finance today hosted its second Customer Council to strengthen partnerships with customers and move from the …
Dubai thrives as families desert rival centres
A generational shift in regional families is encouraging a new cohort of investors to take advantage of AI and private markets in their fast-developing Gulf hub of expertise …
ORA Developers Strengthens Global Presence with Landmark Projects in UAE and Iraq
Launches Bayn as a premier coastal lifestyle sanctuary in Ghantoot, UAE, and Madinat Al Ward in Iraq, highlighting ORA’s vision to shape transformative communities across dynamic Middle Eastern …
The Global Trade Finance Expo – Dubai
The Global Trade Finance Expo offers the perfect opportunity to engage with senior decision-makers in global trade and investment.
Dubai merges troubled mortgage lenders – Financial Times
The government of Dubai yesterday sought to reassure increasingly nervous real estate investors by announcing that it is to build the world’s tallest towerblock as part of a Dh140bn ($38bn …
Dubai investor boosts stake in IPO-bound National Stock Exchange
Balachandran, executive chairman and CEO of Buimerc Corporation Ltd, DIFC, and chairman of the Indian Business & Professional Council Dubai, now owns 9.315 million shares in NSE …
UAE lender ADCB looks to raise up to $1.7bln via rights issue, shares fall
The bank said in a statement its board has recommended increasing the share capital by issuing 592.2mln new shares …
Dubai solidifies position as MEASA ’s global private wealth hub: DIFC
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA), today launched the latest edition of its flagship Future of Finance …
UAE: Gross banks’ assets up 1.9% at end of June 2025
The money supply aggregate M2 increased by 2.3%, from AED 2,474.0 billion at the end of May 2025 to AED 2,531.2 billion at the end of June 2025 …
Dubai Unified Licence integration with Emirates NBD delivers 35% time reduction for SME onboarding
As one of the first banks officially onboarded to the DUL, Emirates NBD has pioneered a seamless, government-verified approach to SME and Business Banking (BuB) onboarding. By leveraging direct access …
Al Salam Bank signs strategic deal with Denodo and NAIB IT to advance data management and AI initiatives
The signing ceremony was attended by Shaikha Dr. Dheya Bint Ebrahim Al Khalifa, Managing Director at NAIB IT; Mr. Anwar Murad, Deputy CEO – Banking at Al Salam Bank, Mr. Hemantha Wijesinghe, CTO at Al …