Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June 2024, according to data published by the Abu Dhabi Chamber, which said the emirate has 673 AI companies. Globally, there are approximately 90,904 AI companies as of 2024, which places...
UAE, Bahrain lead MENA’s fintech sector boom
A total of 465 fintech companies in the region are expected to raise over $2 billion in venture-capital funding, compared to nearly $80 million raised by 30 fintech firms in 2017.
Shareholders okay Arkan merger
Arkan will merge with Emirates Steel by the end of this year.
Mulk JV to launch Alubond in US
The JV will launch Mulk’s Alubond brand of façade materials in the US.
UAE firms face multiple cyber attacks in a day
Cyber criminals have targeted an organization in UAE 295 times per week on an average in the last six months. Banking and finance sector bears the brunt.UAE sends 300,000 COVID-19 vaccine doses to Comoros
An aircraft loaded with the supplies, which also included 600,000 injection needles, left the UAE for Comoros on Tuesday.
Emirates ‘stewardess’ on top of Burj Khalifa
The new advertisement has gone viral on social media.MENA connectedness ranking rising: Survey
The UAE is the highest ranked in the region, and the fourth country globally, in terms of overall global connectedness.
ADNOC Distribution H1 net profit $313m
Higher fuel volumes, improvement in non-fuel and commercial gross profit margin and increased operational efficiencies made in the first half of 2021 helped in delivering good results.
Dubai Chamber launches online tool to fill $10b export gaps
The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around $380 billion to around $545 billion over the next five years.
Drug firms urged to seek UAE advance nod for products
This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative products and rare medicines once they are approved by one of reference authorities.
Ships violating seafarers’ rights can’t enter UAE waters
The country launches 'Supporting Our Blue Army' initiative that will seafarers overcome the challenges arising out of the pandemic, travel restrictions.
Israeli foreign minister to visit Morocco
Morocco was one of four Arab states to agree last year to normalize ties with Israel, along with the United Arab Emirates, Bahrain and Sudan
Fujairah Chamber keen to foster ties with Iraqi businesses
Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.
UK moves UAE from red list to amber, eyes boost in travel sector
The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as the situation in the country has improved. Bahrain, India and Qatar were also moved to the amber list, according to a statement issued by the UK Government.
UAE to give Covid booster shots to all double-jabbed people
The National Emergency Crisis and Disaster Management Authority (NCEMA) said on Tuesday that everyone who has had two shots of Covid vaccine already will receive a booster shot.47 metric tons of medical supplies from UAE arrive in Tunisia
The supplies that included respirators and oxygen cylinders were sent by two cargo planes.
Dubai airport expects heavy inflow of passengers as UAE eases curbs
Dubai airport is expecting a heavy inflow of passengers with the UAE’s announcement that there would be an easing of travel restrictions from African and Asian countries.
Booster shot for all fully vaccinated UAE individuals
The dose will be given three months after second dose for high risk individuals and after six months for the rest.
Gulf workers’ top data skills least utilized by employers
A survey says making full use of the analytic expertise core requirement for the Gulf to continue competing globally.
Etihad Rail inks transport deal with Western Bainoona Group
Etihad Rail will now provide rail freight services to transport construction materials from Western Bainoona Group’s facilities to its construction hubs.
UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would help to improve economic conditions in the Gulf country.UAE children aged 3-17 to receive Chinese Sinopharm vaccine
The UAE has decided to inoculate children between the ages of 3 and 17 with Chinese Covid-19 vaccine Sinopharm. Children between 12 and 15 are aleady being inoculated with the Pfizer vaccine.Services to facilitate Golden Visa for doctors in UAE launched
The long-term visa allows foreigners to work, live and study without needing an Emirati sponsor.
RAK Properties net profit rises 348% to AED120m in H1
Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent to AED265.1 million in the first half of 2021, the latest financial results have highlighted.Etihad: Flight ban from India, Pakistan may stretch beyond Aug 7
Etihad extends suspension of passenger travel from India, Pakistan, Bangladesh, Sri Lanka from Aug 2 to Aug 7.
UAE’s nuclear authority takes stock of cooperation agreements
Federal Authority for Nuclear Regulation’s Board of Management also approved MoU with the Ports, Customs and Free Zone Corporation.
Six die in UAE from Covid-19, 1,537 test positive
The country's Ministry of Health and Prevention aims to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment.
Dubai’s ‘Museum of the Future’ listed among world’s 14 most beautiful ones
The Museum of the Future, an architectural marvel that sits at the bustling heart of Dubai, is set to become a new global landmark once complete. It has been designed by Engineer Sean Keila.
UAE among world’s fastest countries in deploying 5G
The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart transportation, self-driving vehicles and unmanned aircraft.Grandweld delivers second Surfer 2 boat to Abu Dhabi group
This was the second of the three boats, which Grandweld Shipyards brands as the Grand Superior, that Allianz Middle East Ship Management had ordered.
UAE to set up waste-to-energy plants to get rid of trash
The United Arab Emirates is looking to construct a set of waste incinerators around the country in order to burn up two thirds of the trash.
Demand for UAE gold jewellery spikes as buyers splurge
Demand for UAE gold jewellery has vaulted 461 percent to 7.3 metric tons in the second quarter as compared to 1.3 metric tons in the same period last year.
Etisalat reports $1.2 billion net profit in H1 2021
Following the impressive performance, the UAE's leading telecommunications company said it will distribute interim dividends of 40 fils per share for the first-half of this year.China builds 1.8 km long railway tunnel in the UAE
China has finished building the longest railway tunnel anywhere in the Middle East in the United Arab Emirates. The 1.8 kilometer long is part of the second stage of Etihad Railway.
Mubadala invests $250 million in biosimulation firm Certara
The deal happened between Certara, Mubadala, and some existing shareholders of Certara, including a shareholder affiliated with EQT.India, UAE agree on extending energy relations
India's new Minister for Petroleum and Natural Gas, Hardeep Singh Puri, makes courtesy calls to his counterparts in major oil producing countries in the Gulf, including Saudi Arabia, UAE, Qatar and Kuwait.
Two die from Covid-19 as UAE reports 1,539 new cases
The country's Health Ministry says it has conducted a total of 296,686 additional COVID-19 tests using state-of-the-art medical testing equipment since Monday.
One of world’s largest carpet factories coming up in Dubai
The solar-powered facility will enable Standard Carpets to increase production capacity by 40 percent and produce and additional 400 tons of yarn per month
UAE leads MENA region in crowdsourcing industry
Depending on the diversity of the information provided, crowdsourcing becomes a tool for growth and advancement in today’s modern era, Toubia saidEquipment, vaccine donations help Tunisia battle Covid-19
With 1.4 daily deaths per 100,000 population, Tunisia is second-worst globally on this metric after Namibia
Africa Oil Week temporarily moved to Dubai for 2021 edition
The Hyve Group will shift Africa Oil Week 2021 to Dubai from the usual venue of Cape Town in South Africa.
Three die, 1,521 test Covid positive in UAE
Despite being proactive on vaccination and testing, the UAE's death count from Covid-19-related complications go up to 1,913 and the total caseload increases to 668,601.Saudi Arabia, UAE deny Pegasus spyware allegations
Saudi Arabia and the United Arab Emirates have dismissed allegations they used Israeli-supplied Pegasus malware to spy on journalists and human rights activists.
UAE is using drones to zap clouds and create rain
The UAE is making rainfall using drone technology to hit clouds with electricity to combat high temperaturesSharjah date festival to have prizes worth $408k this year
The fifth edition of the Al Dhaid Date Festival will start on Thursday with prizes worth AED1.5 million (around $408,300)
US arrests Trump aide Tom Barrack for being ‘agent of the UAE’
Tom Barrack, who worked for former US President Donald Trump, was arrested on Tuesday for allegedly being an “agent of the UAE”
Hugh Fraser forms new alliances in UAE, Egypt
Clients of HFI will be supported by Al Suweikat and Al Busaies Law Office in Al Khobar.UAE sends 300,000 COVID-19 vaccine doses to Comoros
The UAE has sent 300,000 doses of the Covid-19 vaccine and 9 tons of medical supplies to Comoros
EHS launches Risk Management & Patient Safety smart system
The Emirates Health Services has covered 17 hospitals and 73 primary healthcare centers across the UAE with its smart system
Emirates Mars Mission marks first anniversary, to study Mars’ aurorae now
Hope is following its planned 20,000 – 43,000 km elliptical science orbit, with an inclination to Mars of 25 degrees and will complete one orbit of the planet every 55 hours
