Saudi Arabia’s smart city NEOM offers a new model for environmentally-friendly and sustainable urban design, both for the Kingdom and the world, Saudi’s Climate Envoy told the World Economic Forum (WEF) today. During a panel session titled ‘The Evolution of Urban Life’, His Excellency Adel bin Ahmed Al-Jubeir, Minister of State for Foreign Affairs and […]
Category: NEWS
Dubai property market posts record sales in 2022 valuing at AED265bln
The Dubai property market experienced a record-breaking performance in 2022 in terms of sales, volume, and value. A report by DXBinteract.com, the region’s leading portal and app for interactive data in real estate, revealed that the emirate achieved 76% growth in sales compared to 2021, with a total value of AED265 billion. The year experienced […]
The Middle East is enjoying an important period of stability as oil prices, economic growth of 5.1% fuel the recovery out of COVID
The Middle East is enjoying an important period of political and economic stability with the regional economy buoyed by high oil process and economic growth, Majid Jafar, CEO of Crescent Petroleum, told business leaders gathered at the World Economic Forum in Davos on Thursday. Industrial production has improved, employment has begun rising, and tourism is […]
Riyadh Expo 2030 an ‘investment in the future of our citizens, residents and visitors,’ RCRC Chief says at Davos
Saudi Arabia’s bid for Expo 2030 is not a one-off investment, explained the head of the Royal Commission for Riyadh City, HE Fahd Al-Rasheed, it would rather be one “in the future of our citizens, resident and visitors.” “We’re thinking about the legacy of the site itself and how it can be used. It cannot […]
US multi-billion-dollar Aspiration Inc. to expand to the UAE capital under Abu Dhabi investment office supported program
California based fintech company Aspiration Inc., backed by such powerhouses as Oaktree Capital Management and affiliates of former Microsoft Corp CEO Steve Balmer and environmentalists and Hollywood icons Leonardo DiCaprio and Robert Downey Jr, announced today that the company will be setting up offices at Abu Dhabi Global Markets. Aspiration is being supported by Access Abu Dhabi, the business expansion program by Maven […]
UAE is serious about developing world-class robotics ecosystem within the country
As the robotics industry market size globally has been showing steady growth over the last few years the UAE sees tremendous opportunity in becoming one of the key players in it. That was announced at the first Roboday event, which took place at the Dubai Silicon Oasis, sparking significant interest from the government in creating […]
Cenomi reinforces digital strategy with appointment of new technology leadership team
Cenomi, Saudi Arabia’s largest vertically integrated retail and lifestyle ecosystem, has appointed three new Chief Technology and Information Officers (CTIOs) dedicated to the implementation of world-class digital technology infrastructure. The appointment of three new CTIOs at Cenomi Group, Cenomi Centers and Cenomi Retail, further emphasizes the company’s commitment to adopting best-in-class technology to deliver next […]
Fintech Galaxy strengthens team with Turki AlAhmed as Bahrain Country Manager
Turki joins Fintech Galaxy Bahrain as Country Manager to turbocharge Fintech Galaxy’s efforts of unleashing the value of Open Finance for its ecosystem partners across the region and help push financial inclusion forward. Turki has previously led the partnerships by developing strong collaborations with the banks and non-bank members, sustaining innovation, and fostering a cashless […]
Government of Sharjah honours partners for the first time in the world with NFT Plaque
The Higher Committee of the Government of Sharjah at GITEX Global 2022 honoured the participants, supporting entities, departments, and media outlets for their contribution in the success of Sharjah’s participation in the global event. Sheikh Saud bin Sultan Al Qasimi – Chairman of the Higher Committee for the Government of Sharjah at GITEX Technology Week […]
AD Gaming partners with AA Meta to develop Abu Dhabi’s Web3 Blockchain Gaming ecosystem
AD Gaming, the entity driving Abu Dhabi’s fast-growing gaming industry, has signed a partnership agreement with AA Meta, a local Metaverse and Web3 development company, who will deliver cutting-edge Web3 solutions to the emirate’s game development eco-system. AA Meta provides metaverse infrastructure and Web3 technology solutions that enable next-generation gaming. Alongside using this technology for […]