Category: Latest Updates

PubMatic has taken legal action against Google, not merely to secure compensation but to affirm that bold vision for digital advertising’s open, idea-driven future depends on innovation and trust, not coercion. The company’s co-founder and chief executive, Rajeev Goel, emphasised that the industry’s direction should be determined by the strength of ideas and the trust earned—not by dominance or pressure, as articulated in its lawsuit filed on 8

Schneider Electric has declared its newly inaugurated Dubai office, The NEST, carbon neutral just three months after opening, marking a bold leap in sustainable workplace design and operational innovation.

The NEST, spanning over 10,000 sqm and accommodating more than 1,000 staff, forms the vanguard of the company’s global Impact Buildings Program. Within this smart facility—now carbon-neutral in three months—EcoStruxure™ technologies interlock digital energy management, automation,

eToro Group Ltd is poised to pursue bolder acquisitions after securing a substantial liquidity base, according to one of its co-founders. At the Ambrosetti Forum in Cernobbio, Italy, Ronen Assia, executive director and co-founder, confirmed that the firm “has cash and cash equivalents of around $1.2 billion at the end of the first half of the year, with a cash position of $988 million, with no debt.” He

Net profits for banks listed across the Gulf Cooperation Council surged to an unprecedented $16.6 billion in the second quarter, marking the second straight quarter of gains and a sequential increase of roughly 3.7 %, with year-on-year growth at a robust 9.2 %, according to Kamco Invest. This performance was driven by broadly higher revenues and a lower cost-to-income ratio that more than compensated for a rise in

The Environment Agency – Abu Dhabi unveiled the EAD Avatar at the Abu Dhabi International Hunting and Equestrian Exhibition 2025, held at the Abu Dhabi National Exhibition Centre from 30 August to 7 September. This AI-powered initiative aims to revolutionise public interaction with environmental information, offering a lifelike digital interface that bridges cultural authenticity with technological innovation.

Developed in collaboration with Accord Business Group, the EAD Avatar

Undersea cables in the Red Sea were severed on September 6, 2025, causing significant internet disruptions across parts of Asia and the Middle East. The affected cables include the South East Asia–Middle East–Western Europe 4 and the India–Middle East–Western Europe, both vital for regional connectivity.

Microsoft reported increased latency for users in the Middle East, while NetBlocks, a digital rights group, confirmed that the

DP World will begin offering the “Atlas” service from Morocco to UK and North Europe, cutting export times for fruit and vegetable shipments by up to two days when operations commence in November 2025. The maritime corridor will link the Moroccan ports of Agadir and Casablanca with DP World’s London Gateway and Antwerp Gateway terminals via two dedicated vessels, offering a faster, more cost-effective, and lower-carbon alternative to

du has unveiled its Envision 2025 agenda, signalling a decisive push towards an AI-first future. The event is scheduled for 9 September 2025 at Atlantis, The Royal, and is designed to mobilise public and private sector leaders around AI-enabled smart communities and sovereign digital innovation.

The Envision 2025 blueprint brings together a distinguished roster of sponsors and partners. Oracle is confirmed as Host Sponsor, contributing expertise in cloud and

Saudi authorities have tested drone delivery of postal parcels in Jeddah, a pivotal move in modernising logistics and postal services. The General Authority of Civil Aviation and the Transport General Authority, backed by Dr Rumaih Al-Rumaih, Vice Minister of Transport and Logistic Services and Acting President of TGA, led the operation on Thursday, 4 September 2025. Saudi Drone Parcel Trial Signals Smarter Logistics encapsulates this milestone in

Astana International Exchange and Abu Dhabi Securities Exchange have activated a direct connection between their central securities depositories, enhancing post-trade infrastructure and extending investor access across markets. The move, under the October 2021 memorandum of understanding that brought AIX into the Tabadul digital hub, expands on the existing Tabadul network and enables fully operational CSD-to-CSD communication.

The newly established arrangement builds on Tabadul’s digital trading network, which launched

Abu Dhabi will host the BRIDGE Summit from 8 to 10 December 2025 at the ADNEC Centre, uniting heads of state, media executives, policymakers, technologists and content creators in an ambitious bid to redefine the global media landscape. Announced in Washington by Abdulla bin Mohammed bin Butti Al Hamed, chairman of the National Media Office, alongside Dr Jamal Mohammed Obaid Al Kaabi, director-general of the NMO, the summit pledges to foster

Anthropic has secured a monumental US $13 billion Series F funding round, propelling its post-money valuation to approximately US $183 billion and firmly establishing itself as one of the highest valued private startups globally. The round was spearheaded by Iconiq Capital, Fidelity Management & Research, and Lightspeed Venture Partners, with the Qatar Investment Authority joining as a “significant” investor alongside an impressive roster of global financial institutions and

United Arab Bank has formed a strategic alliance with Abu Dhabi Securities Exchange to enable its customers to subscribe for upcoming IPOs through the bank’s digital channels or ADX’s eIPO Investor Portal. This arrangement aims to simplify the process of accessing capital markets, offering a secure and intuitive experience to investors.

At a ceremony held at ADX’s headquarters in Abu Dhabi, the agreement was formalised in the

Dubai Chambers, together with the International Chamber of Commerce and its World Chambers Federation, introduced a new digital platform designed to elevate the performance of chambers of commerce worldwide. Unveiled at the 14th World Chambers Congress in Melbourne, the Chamber Benchmarking Tool offers structured data analysis, best-practice comparisons and a repository of global insights to help chambers advance operational standards.

The launch was witnessed by over 1,200 chamber officials representing more than

FedEx has gained an economic licence from Saudi Arabia’s General Authority of Civil Aviation to operate as a foreign air carrier, marking a significant expansion of its logistics footprint in the Kingdom. The move equips FedEx to conduct scheduled cargo services via King Khalid International Airport in Riyadh, with plans to operate 24 flights per month from early September 2025, establishing Riyadh as its regional hub linking continents.

The licence,

Pharmaceutical developers are making headway with artificial intelligence tools to model drug absorption, distribution, and toxicity in human-relevant systems. This shift supports the U. S. Food and Drug Administration’s initiative to make animal testing an exception rather than a rule, particularly in pre‑clinical safety assessments for monoclonal antibody therapies and other drugs.

Regulatory authorities expect New Approach Methodologies—including AI-driven computational models, human-cell‑based systems like organs‑on‑chips, and organoids—to halve both

A team led by Khalil Ramadi at NYU Tandon and NYU Abu Dhabi has unveiled a swallowable, wireless capsule designed to emit light inside the gut, allowing nerve cells to be activated without surgery—a development poised to transform gastrointestinal research and therapy.

The capsule, known as ICOPS, represents a remarkable leap in non‑invasive bioengineering. It employs optogenetic technology, by which specific neurons are genetically modified to respond to light.

McLaren Racing is set to be valued at in excess of £3 billion as its Middle Eastern backers move to acquire the remaining minority stake in the team. Bahrain’s Mumtalakat sovereign wealth fund and Abu Dhabi’s CYVN Holdings are preparing to buy out the 30 per cent share previously held by investors such as MSP Sports Capital, UBS O’Connor and Ares Management in a deal expected to be confirmed imminently.

This valuation marks

A landmark development has commenced as RRS International Development formally broke ground on the NH Collection Ras Al Khaimah Al Marjan Island Hotel & Apartments, a US‑$100 million mixed‑use venture in collaboration with Minor Hotels. This marks the debut of the NH Collection brand on Al Marjan Island, following its earlier branded residential entry in Palm Jumeirah, Dubai.

Construction will yield 121 hotel keys alongside 36 branded apartments, blending five‑star hospitality

Okta Threat Intelligence has uncovered a widespread campaign exploiting malicious online ads to tempt hotel and vacation rental professionals into disclosing access credentials. Attackers have been deploying paid search advertisements on platforms such as Google Search, impersonating familiar hospitality service providers. These deceptive ads lead victims to counterfeit login portals of cloud‑based property management and guest messaging systems, with the goal of harvesting usernames, passwords and one‑time authentication

StuDIYo Lab, a design‑technology and woodworking centre for young learners based in Dubai, has entered into a five‑year memorandum of understanding with the Bhubaneswar City Knowledge Innovation Cluster Foundation, under the Office of the Principal Scientific Adviser to the Government of India. The agreement sets a clear trajectory for rolling out maker‑based education, inclusive workshops, bootcamps and vocational training across India and the UAE.

The collaboration begins by launching School Innovation Labs

Al Ghurair Mobility has sealed a landmark agreement with Dongfeng Motor Corporation to bring the premium electrified automotive brands MHero and Voyah into the Kingdom of Saudi Arabia. The accord positions Al Ghurair Mobility as the exclusive regional partner responsible for the brands’ launch and rollout, in line with the country’s strategic shift towards sustainable mobility.

The deal was formalised during a signing ceremony attended by John Iossifidis,

The Ministry of Economy and Tourism has signed a Memorandum of Understanding with Dubai Science Park to reinforce legal and technical assistance for patent registration and intellectual property protection. The agreement is set to ease processing procedures and support businesses across TECOM Group’s business districts.

Support will extend to companies located in Dubai Science Park and other hubs such as Dubai Internet City, Dubai Media City, and Dubai International

A quarter of white‑collar professionals in the UAE express concern that artificial intelligence might one day replace their roles, yet more than half acknowledge that AI tools have made their work noticeably easier—presenting a complex picture of apprehension tempered by appreciation.

LinkedIn data shows that 80 per cent of professionals in the UAE now use AI tools “regularly,” a significant increase from 56 per cent in 2024. This puts the UAE

Ajman NuVentures Centre Free Zone has launched a representative office in Dubai, strategically expanding its investment reach. The facility, situated on the ninth floor of Aspin Tower on Sheikh Zayed Road, will serve as a local hub for entrepreneurs seeking seamless company registration in Ajman through a fully digital platform.

H. E. Sheikh Dr. Mohamed bin Abdullah Al Nuaimi, Chairman of ANCFZ, inaugurated the office and highlighted its role in enhancing Ajman's position as a rising business hub.

UAE companies are recalibrating their compensation strategies amid evolving market pressures, rising costs, and intensifying competition for skilled professionals.

Salary growth across the board is projected at a modest 4 per cent in 2025, reflecting economic moderation rather than exuberance. Mercer’s Total Remuneration Survey indicates that more than 28 per cent of firms plan to increase headcount, signalling a continuing demand for talent despite budgetary constraints. In-demand sectors such as technology, life sciences,

A surge of enthusiasm from the United Arab Emirates’ retail investors is bolstering domestic stock markets, signalling growing public confidence in the country’s economic trajectory. Data from the latest edition of the UAE Retail Investor Beat, conducted between 10 and 21 July 2025, shows that 85 per cent of people taking investment decisions are now allocated to UAE-listed equities, with 39 per cent invested in Abu Dhabi shares, 28 per cent in Dubai, and

McLaren Racing has confirmed that Mastercard will assume the role of Official Naming Partner of its Formula 1 team from the 2026 season, transforming the outfit’s identity to the McLaren Mastercard Formula 1 Team.

The agreement introduces Team Priceless, a global initiative designed to place fans at the heart of the action. Selected supporters will have exclusive access to distinctive behind-the-scenes experiences—from hot laps to meet‑and‑greets with drivers, alongside immersive

Saudi Arabia’s non‑oil private sector sustained strong expansion in July, although growth eased compared with June. The Purchasing Managers’ Index, compiled by S&P Global for Riyad Bank, slipped to 56.3 from June’s 57.2, yet remained well above the 50‑point mark that separates expansion from contraction.

Domestic demand continued to underpin business activity, prompting firms to recruit aggressively. Employment surged again in July, marking another historic increase following June’s 14‑year

NMC Healthcare, one of the United Arab Emirates’ foremost private healthcare providers, has turned to Snowflake’s AI Data Cloud platform to elevate its patient-care capabilities. The agreement empowers NMC to consolidate operational and clinical data from across its network of 70 facilities, enabling real-time, AI-powered analytics to enhance point‑of‑care decision‑making and patient experience.

Christopher Habib, Chief Strategy Officer at NMC Healthcare, has emphasised that Snowflake’s infrastructure equips teams to

Dubai’s top-tier residential sector continues to outperform the global market, with capital values climbing over 5 per cent in the first half of 2025 and rental returns holding firm.

Dubai’s prime residential property market emerged as one of the strongest worldwide, ranking third behind Tokyo and Berlin in capital value growth during the first six months of 2025. Prime capital values rose by over 5 per cent, substantially ahead

Emirates NBD has joined the Sustainable Markets Initiative’s Financial Services Task Force, becoming the first bank from the GCC to participate in the group of global banking CEOs aiming to mobilise large-scale capital for climate- and nature-positive investment.

The move positions the Dubai-based lender at the forefront of sustainable finance in the MENAT region, enabling it to collaborate in setting industry-wide standards for environmentally conscious banking.

Shayne Nelson, Group

DMCC and Vermiculus have formalised a strategic partnership through a Memorandum of Understanding, aimed at advancing financial market infrastructure with cutting-edge technological capabilities. The agreement positions DMCC to enhance its support for nearly 26,000 member companies across its business ecosystems through AI-powered, cloud-native fintech solutions.

The MoU will explore collaborative development of technology solutions tailored to exchanges, clearing houses and central securities depositories—including joint projects and knowledge-transfer initiatives.

UAE-based Space42 has entered into a five-year memorandum of understanding with Microsoft and Esri to create the most comprehensive digital base map across Africa, aiming to serve more than 1.4 billion people and catalyse economic and infrastructural development. The “Map Africa Initiative” seeks to transform fragmented and outdated geospatial data into timely, accurate intelligence for governments, businesses and communities.

Under the agreement, Space42 will coordinate fundraising and project