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United Arab Emirates
Technology
UAE companies embrace AI, see it as an enabler: Report
Firms are investing in data science platforms to build and maintain AI models
Economy
Dubai is once more first globally in attracting FDI projects
$12.8 billion in total direct investment venture capital flows
Technology
66% of UAE organizations reported data breaches in 2022
Losses resulting from breached systems were estimated at $2.2 mn
Banking & Finance
UAE’s Islamic Treasury Sukuk achieves bids worth AED8.3 bn
Oversubscribed by 7.6 times
Telecom
UAE’s e& secures board membership in Vodafone
Following stake increase in British company to 14.6%
Energy
US Department of Energy representative visits Barakah Nuclear Energy Plant
The largest source of clean electricity in the region
Hospitality & Tourism
Emirates airline sets new records with $3 bn in profits
Bouncing back with 81% revenue increase
Sustainability
UAE accelerates decarbonization and digitalization in manufacturing
By signing MoUs with ADNOC, EDGE, Kezad, and Dubai Industrial City
Markets
ADNOC Logistics & Services to offer over a billion shares in IPO
Plans $195 mn cash dividend
Banking & Finance
DIFC, Emirates NBD partner to promote entrepreneurial growth
Letter of Intent signed at Dubai FinTech Summit 2023
Sustainability
UAE’s net-zero efforts giving rise to huge investment opportunities
HE Omar Al Suwaidi stresses need for investment in renewable energy
Hospitality & Tourism
flynas takes delivery of three aircraft, upscaling fleet to 48
Fleet size up 84% compared to Q1 of 2021
Banking & Finance
Standard Chartered, DIFC sign memo to launch first-ever digital asset custody in UAE
New services will be powered by Standard Chartered's Zodia Custody
Real Estate
Deyaar’s Q1 2023 profits soar to AED56.4 mn
A 125% increase
Technology
Khazna Data Centers invests $250 mn in cloud system expansion in Egypt
Global data center market projected to grow to $410.42 bn by 2027
Technology
Coinbase eyes expansion, explores UAE as potential crypto hub
Coinbase CEO praised UAE's forward-thinking crypto regulations
Technology
Miral and Microsoft collaboration sets benchmark for AI in customer service
ChatGPT leveraged for personalized customer guidance at Abu Dhabi's Yas Island
Technology
Experts emphasize need for timely Web3 regulation at Dubai FinTech Summit
HH Sheikh Maktoum inaugurates the Summit
Hospitality & Tourism
Dubai Airport raises annual passenger forecast as it approaches 2019 levels
Welcomed 21.2 million passengers in the first three months of the year
Economy
Abu Dhabi’s GDP retains competitiveness in 2022 with a growth rate of 9.3%
Non-oil sectors contribute to the real GDP by 50%
Banking & Finance
Abu Dhabi’s financial centre plans expansion, to include Reem Island
Abu Dhabi expands its International Financial District tenfold
Real Estate
New entrants and consolidation drive Dubai office space Q1 demand
Dubai office rental values rise amid limited availability, upcoming supply
Energy
UAE joins hands with China for nuclear energy advancements
Two countries will cooperate on high-temperature gas-cooled reactors
Op-eds
Redefining Smart Cities – Technocentric to People-Centric Models
Cities are becoming more homogenous and losing identity
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