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Banking & Finance
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As a member of IFIAR EWG, the RA joins leading audit regulators from around the world
The International Bar Association (IBA) has announced that Abu Dhabi will host the 27th Annual IBA Arbitration Day, scheduled for January 28–29 2026
Three pillars focus on education, best practices, and risk assessments to boost cyber defenses
The new incubator supports AI startups, enhancing Saudi Arabia's position as a regional innovation hub
Tanmeyah’s portfolio grew by 36 percent, contributing to EFG Finance's strong performance
The initiative aligns with the UAE’s national strategy to diversify the economy and drive sustainable growth through innovation and industrial expansion
Energy
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Brent was down 2 percent so far this week, while WTI was 2.7 percent lower
Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said
Saudi Arabia’s ACWA Power secures CMA approval for $1.9 billion rights issue to fuel growth strategy
Subscription eligibility will be limited to shareholders registered with Edaa as of the deadline
Investors await upcoming U.S. oil stock data from the EIA later on Wednesday
UAE invested in renewable energy projects across 70 countries to support global energy justice
Both organizations will collaborate on petroleum services, operations, and maintenance for enhanced efficiency
Health
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The cumulative manufacturing capacity of Mubadala Bio's facilities exceeds 2.5 billion tablets and capsules
Oracle Health, Cleveland Clinic, and G42 launch AI-based healthcare platform to enhance patient care
The platform will leverage AI and analytics to create secure, scalable, and accessible care models.
UAE-PRIME clinical trial aims to explore how individuals with motor and speech impairment can use thought to control devices and communicate
H.H. underscored nurses' pivotal position in healthcare, recognizing them as indispensable allies in a healthier society
Powerful tools can unlock new frontiers in medical research, diagnosis, and treatment by harnessing immense computational power and data-processing capabilities
The HELM cluster is projected to contribute $25.6 billion to the emirate’s GDP
Industry
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Event attracted over 122,000 visitors and participants, more than 20 times the number of attendees at the third edition
EMSTEEL leveraged the forum to forge 11 strategic partnerships that seek to drive national advanced manufacturing goals
The two organizations seek to support data-driven policymaking and advance the UAE’s long-term development agenda
Contracts to nine suppliers showcase ADNOC's commitment to local manufacturing initiatives
The UAE’s industrial sector accounts for around 60 percent of total national energy consumption
Ministerial panel session will highlight the importance of youth involvement in future industries
Logistics
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The Maintenance, Repair and Overhaul (MRO) sector is expected to reach $169 billion by 2037
Customer satisfaction also reached a record high in Q1 2025, with scores improving by 20 percent
Ministers explored ways to drive joint projects in sustainable mobility, autonomous driving and digital transformation
REGENT will manufacture its electric seagliders in the UAE and provide aftermarket services such as maintenance
The restrictions will be imposed on gold and silver in their unwrought, semi-manufactured and powdered forms
DP World's strategy focuses on creating a connected global platform for diverse logistics and services
Markets
See ArticlesBrent was down 2 percent so far this week, while WTI was 2.7 percent lower
The dollar has lost more than 1 percent so far this week and is set for its worst weekly performance since April 7
The asset secured a second record high within 24 hours, with a gain of almost 8 percent so far this week
Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said
The U.S. dollar was hovering near a two-week low, making gold cheaper for other currency holders
The final offer price was set at the top end of the price range, enabling the company to raise $584 million through the IPO
Miscellaneous
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World Boxing was formed with the core mission of safeguarding the sport’s place within the Olympic movement
Intra-GCC tourism peaks during Eid, enhancing hospitality and entertainment sectors across multiple countries.
Arafat Day is expected to take place on June 5, while Eid al-Adha 2025 in the UAE will fall on Friday, June 6
Dubai Humanitarian and DG ECHO will work jointly on coordinated relief missions, share critical logistics data, and explore advanced technologies to improve the delivery of aid
Move aims to leverage expertise for revolutionary products that reshape the tech landscape
The holiday is expected to extend from Thursday, June 5, until Sunday, June 8, for both the public and private sectors
Real Estate
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More than 80,000 new homes are projected to be delivered between now and 2040
Residential unit sales during the same period amounted to $15.7 million showcasing demand
Partnership connects Ascot’s rich heritage with BEYOND’s vision for luxury living in Dubai
Muheira is set to become a vibrant new community for residents seeking upscale urban living with seamless access to the city's financial district and cultural landmarks
Dubai offers a secure platform for cryptocurrency transactions in real estate, attracting global investors
The final offer price was set at the top end of the price range, enabling the company to raise $584 million through the IPO
Telecom
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e&’s 5-year record-breaking financial results are a powerful testament to the bold vision and dynamic strategy driving the group's performance
The Miami office enhances C&WS’s global footprint, serving as a gateway to dynamic markets
Revenues reached $5.12 billion with an increase of 1.60 percent
Project enhances internal network infrastructure across nine sites in five key regions of the Kingdom
UAE leads globally for 9th consecutive year in fiber optic home penetration at 99.5 percent for 2025
Achievement reflects wise leadership's vision for advanced digital infrastructure
