Category: Latest Updates

Arabian Post Staff -Dubai Saudi Arabia has opened talks with Russia’s Sistema investment group in St Petersburg as Riyadh seeks to deepen industrial partnerships, localise advanced technologies and strengthen supply chains under its wider economic diversification programme.Minister of Industry and Mineral Resources Bandar Alkhorayef met senior Sistema executives during a visit to the Russian city, with discussions centred on cooperation in high-priority industrial sectors and the development of industrial cities in the Kingdom. The talks formed part of Riyadh’s effort

Arabian Post Staff -Dubai KPMG and Anthropic have launched a global alliance that will embed Claude artificial intelligence tools into KPMG’s client delivery platforms, opening new capabilities for companies and public-sector organisations in Qatar as the Gulf state accelerates investment in AI infrastructure, digital government and data-led transformation.The partnership gives KPMG’s global workforce access to Anthropic’s Claude suite and integrates the technology into KPMG Digital Gateway, the firm’s platform for tax, legal and advisory work. The initial focus is on

Arabian Post Staff -Dubai Revolut is exploring a secondary share sale that could lift its valuation to about $115 billion, setting up a fresh test of investor appetite for one of Europe’s most valuable private technology groups after a decisive regulatory breakthrough in the UK and a push into US banking.The potential transaction would allow existing shareholders, including employees and early backers, to sell stock without raising new capital for the company. A deal at that level would mark a

Arabian Post Staff -Dubai First Abu Dhabi Bank has entered a strategic partnership with Water. org and WaterEquity, investing in the WaterEquity Everspring Fund to expand access to safe water and sanitation across emerging markets through market-based financing.The Abu Dhabi lender said the agreement creates a platform for continuing collaboration with the global non-profit Water. org and its affiliated impact investment manager WaterEquity. The fund channels capital through local financial institutions, enabling low-income households and small businesses to obtain affordable

Arabian Post Staff -Dubai Dubai’s Emirates has promoted Hanan Mohammed Jawad and Bakhita Al Mheiri to captain rank, making them the first UAE national women to reach the command position at the airline and placing both on its Boeing 777 flight deck.The promotion gives the two pilots their fourth stripes after years of training, line flying and command preparation within one of the world’s largest long-haul carriers. Both came through the Emirates Group’s National Cadet Pilot Programme, a structured pathway

Arabian Post Staff -Dubai Abu Dhabi Exports Office has begun direct site visits to UAE-based manufacturers under its AED1 billion financing partnership with Emirates Development Bank, stepping up efforts to link industrial companies with export funding, working capital support and market-expansion tools.The visits covered MEDECO, Star Paper Mill and Dana Steel, three manufacturers operating in sectors closely tied to the country’s localisation and export-growth agenda. ADEX teams met company leadership to review production capacity, expansion plans, export ambitions, supply-chain pressures

Arabian Post Staff -Dubai UiPath has secured certification from the Dubai Electronic Security Center for its Automation Cloud Commercial UAE region, clearing a key compliance hurdle for wider deployment of its automation and artificial intelligence services across Dubai’s government, semi-government and regulated enterprise sectors.The certification places UiPath’s UAE cloud operations under the DESC Cloud Service Provider Security Standard, a framework required for cloud providers serving Dubai government and semi-government entities. The approval strengthens the company’s position in a market where

Arabian Post Staff -Dubai UAE non-oil private sector activity strengthened in May, but weaker demand, falling export orders and higher transport and material costs kept growth below its long-term trend, signalling a more cautious phase for businesses exposed to regional trade disruption.The headline Purchasing Managers’ Index rose to 52.6 in May from 52.1 in April, remaining above the 50 mark that separates expansion from contraction. The improvement showed that business conditions continued to recover from April’s sharp loss of momentum,

Arabian Post Staff -Dubai Dubai Multi Commodities Centre has introduced a targeted acceleration package for its community of more than 26,000 companies, offering licence renewal discounts, penalty waivers and operational flexibility aimed at easing cost pressures and supporting business expansion from Dubai.The initiative is designed to reduce operating costs, improve cash flow and help companies navigate a more competitive global trading environment. It comes as businesses across the UAE continue to balance strong non-oil growth with higher operating expenses, supply-chain

Arabian Post Staff -Dubai Al Ansari Exchange recorded a sharp rise in companies using its Wage Protection System platform on June 1, as private-sector employers across the UAE moved to meet tighter salary-payment rules that took effect at the start of the month.The UAE remittance and foreign exchange company said the number of companies processing salaries through its WPS platform rose by more than 151 per cent on the first day of implementation, signalling a swift adjustment by employers to

Arabian Post Staff -Dubai Yango Ride and Shell Oman Marketing Company have launched a dedicated benefits programme for partner drivers across Oman, offering fuel discounts, food and beverage deals and vehicle-care offers through Shell’s service-station network.The tie-up gives Yango Ride partner drivers access to exclusive offers at 216 Shell service stations using dedicated promo codes through the Shell Asia App. The package includes discounted fuel, tailored deals at Shell Café outlets and benefits at participating Shell Helix Oil Change Centres,

Arabian Post Staff -Dubai Sobha Realty delivered about 3,000 residential units ahead of schedule and launched nearly 15,000 new homes during 2025, marking one of its strongest expansion phases in the UAE property market.The UAE-headquartered developer said at a media briefing that the year’s activity was driven by four major master developments across Dubai and Umm Al Quwain, reinforcing its shift from single-tower launches to larger mixed residential communities. The launch pipeline included Sobha Solis, Sobha Central and Sobha SkyParks in

Arabian Post Staff -Dubai Qatar has activated its first quantum-safe communications link, placing Ooredoo Qatar, Hamad Bin Khalifa University and the Ministry of Defence at the centre of a national push to protect critical digital infrastructure against the next generation of cyber threats.The operational link uses Quantum Key Distribution technology to generate and distribute encryption keys through quantum mechanics. The system is designed to detect interception attempts immediately, giving network operators a stronger security layer than conventional encryption methods that

Arabian Post Staff -Dubai UAE regulators have approved the oral form of Wegovy for weight management and cardiovascular risk reduction, expanding access to one of the world’s most closely watched obesity treatments beyond weekly injections.Emirates Drug Establishment cleared Wegovy, the semaglutide medicine developed by Novo Nordisk, as a once-daily tablet for adults living with obesity or overweight linked to weight-related health conditions. The approval makes the UAE the second country globally to authorise the oral version of the drug, strengthening

Arabian Post Staff -Dubai Gartner has warned that enterprises risk a sharp retreat from autonomous AI agents by 2027 as weak governance, poor access controls and unclear accountability expose companies to operational, security and compliance failures.The technology research firm expects 40% of enterprises to demote or decommission autonomous AI agents by 2027 after governance gaps are discovered only through production incidents. The warning marks a tougher phase in the corporate adoption of agentic AI, where early enthusiasm is giving way

Arabian Post Staff -Dubai Finnish-listed Hiab has agreed to buy Labrie Environmental Group for $1.04 billion, moving into North America’s refuse collection vehicle market through one of the sector’s established manufacturers and adding a higher-margin platform to its load-handling equipment business.The all-cash acquisition values Labrie at $1.035 billion on a cash- and debt-free basis, equivalent to about €890 million using end-May European Central Bank exchange rates. The deal is expected to close in the third quarter of 2026, subject to

Arabian Post Staff -Dubai UAE real gross domestic product expanded 6.2 per cent in 2025 to AED1.9 trillion, underscoring the country’s strongest evidence yet that diversification is becoming the central driver of national output rather than a supporting pillar.The Federal Competitiveness and Statistics Centre said non-oil GDP rose 6.8 per cent to AED1.5 trillion, outpacing headline growth and reinforcing the shift towards trade, finance, construction, manufacturing, real estate, logistics, tourism and digital industries. The figures place the UAE’s economy on

Arabian Post Staff -Dubai A sweeping overhaul of the UAE’s civil law takes effect on June 1, lowering the age of legal adulthood to 18 and changing how contracts, compensation claims, civil disputes and legal obligations are interpreted across the country.Federal Decree-Law No 25 of 2025 on the Civil Transactions Law replaces the 1985 framework that has underpinned much of the UAE’s private law system for four decades. The law was issued on October 1, 2025, published in Official Gazette

Arabian Post Staff -Dubai Oman has launched a $1 billion lithium-ion battery materials project in Sohar Free Zone, marking one of the Sultanate’s most significant moves into the clean-energy manufacturing supply chain and deepening its push to attract advanced industrial investment beyond oil and gas.The project centres on an anode materials production plant with planned annual capacity of up to 200,000 tonnes, a scale that places it among the larger battery-component manufacturing investments announced in the Gulf. The facility is

Arabian Post Staff -Dubai Gulftainer’s 35-year Port Canaveral concession has become a durable foothold for UAE-linked port capital in the United States, with the Florida terminal now tied to cargo handling, bonded warehousing and commercial space logistics at one of America’s most strategically located maritime gateways.The agreement, signed in 2014 between Port Canaveral and GT USA, Gulftainer’s United States subsidiary, gave the company responsibility for operating and developing the container and multi-purpose cargo terminal on Florida’s east coast. It marked

Arabian Post Staff -Dubai UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan was represented at the Eurasia Economic Forum 2026 in Astana by Dr Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, as Abu Dhabi moved to strengthen commercial links with a region central to new supply chains, logistics corridors and investment flows.The forum, held on May 28 and 29 alongside the Supreme Eurasian Economic Council, brought together heads of state, ministers, senior officials, business leaders and

Arabian Post Staff -Dubai Emirates NBD has extended its push to draw more retail investors into UAE equity markets by offering zero commissions on local share trading through ENBD X, its digital wealth platform, sharpening competition among banks and brokerages seeking a bigger role in the country’s expanding investment ecosystem.The initiative allows eligible customers to buy and sell shares listed on Dubai Financial Market, Abu Dhabi Securities Exchange and Nasdaq Dubai through the bank’s mobile app without brokerage commissions. The

Arabian Post Staff -Dubai ADNEC Centre Abu Dhabi has won five global titles at Eventex 2026, strengthening Abu Dhabi’s standing as a major international hub for exhibitions, conferences, sporting events and large-scale gatherings.The flagship venue of ADNEC Group, now part of Modon, secured the titles of World’s Best Sustainable Venue, World’s Best Convention Centre, World’s Best Exhibition Venue, World’s Best Sports Venue and World’s Best Wedding Venue. The sweep places the centre among the most recognised event venues globally at

Arabian Post Staff -Dubai Deloitte has expanded its alliance with Netskope to deliver managed Secure Access Service Edge services across Europe, the Middle East and Africa, targeting large enterprises reshaping networks for cloud workloads, hybrid work and AI adoption.The offering brings together Deloitte’s cyber operations, advisory and managed security capabilities with Netskope’s cloud security platform, giving clients a single service model for network transformation, access control, data protection and threat defence. The service is being rolled out first in EMEA,

Arabian Post Staff -Dubai MarsLab Pte Ltd has introduced a Singapore-based roadmap for AI inference infrastructure, positioning the company around enterprise and edge deployment at a time when organisations are shifting from model experimentation to production-scale artificial intelligence systems.The roadmap, announced on 28 May, centres on what MarsLab describes as a system-first approach to inference, the stage at which trained AI models generate outputs in live applications. The company’s plan is aimed at workloads that require stable performance, lower latency,

Arabian Post Staff -Dubai Qatar’s Ministry of Transport has automated 14 additional maritime transportation services, expanding online access for vessel operators, shipping companies and seafarers as Doha pushes ahead with a wider programme to digitise public services and strengthen its logistics base.The newly automated services are now available through the ministry’s official website and cover two main areas: large-vessel transactions and seafarers’ affairs. Ten services relate to big vessels, while four cover administrative requirements linked to maritime personnel. The move

Arabian Post Staff -Dubai ROSHN Group has signed a new agreement with Tatweer Buildings Company to design, build and supervise a public educational facility at WAREFA, its integrated residential community in East Riyadh, strengthening the role of schools as core infrastructure in Saudi Arabia’s expanding master-planned neighbourhoods.The agreement places Tatweer Buildings Company in charge of managing and executing the project through all phases, while ROSHN will supervise delivery. The facility will serve children in kindergarten and the early years of

Arabian Post Staff -Dubai Etihad Rail has unveiled the official uniforms for its passenger-facing teams, offering the clearest sign yet that preparations for the UAE’s first national passenger rail service are moving into their final operational phase.The new look, built around a contemporary grey palette with bold red accents, will be worn by onboard hosts, station staff and other customer-facing employees across the passenger network. The company has positioned the uniforms as part of a wider service identity designed to

Arabian Post Staff -Dubai UAE office rents rose at double-digit rates in the first quarter of 2026 as limited prime supply, resilient tenant demand and stronger renewal activity kept pressure on occupiers across Dubai and Abu Dhabi, even as new leasing decisions became more cautious amid regional uncertainty.Abu Dhabi’s prime office rents increased 11.7 per cent year on year, while Grade A and Grade B spaces rose 5.1 per cent and 4.2 per cent respectively. Dubai recorded sharper gains across

Arabian Post Staff -Dubai Ras Al Khaimah’s push to build a deeper corporate real estate market has gained momentum after major structural works were completed at RAK Central Square, the emirate’s first luxury Grade A office complex, keeping the project on track for a planned opening in the fourth quarter of 2027.The five-building development will provide 2.27 million sq ft of high-quality workspace, with large, efficient floorplates of about 16,000 sq ft designed for regional and international companies. Superstructure works

Arabian Post Staff -Dubai Abu Dhabi National Oil Co is moving oil, gas and refined fuel cargoes out of the Gulf through the Strait of Hormuz using ships linked to its own logistics network, keeping a limited export channel open while one of the world’s most important energy corridors remains under severe strain.Ship-tracking data indicates that vessels associated with ADNOC Logistics & Services have crossed or approached the waterway despite heightened military risk, intermittent vessel-signal gaps and the presence of

Arabian Post Staff -Dubai Abu Dhabi has gained a new artificial intelligence venture aimed at removing one of the most persistent barriers facing deaf and hard-of-hearing people: the absence of instant, affordable sign-language interpretation in everyday public services.New York University Abu Dhabi has launched ChatSign, a commercial AI spin-out developed from research at its Embodied AI and Robotics Lab. The system translates spoken Arabic and English into sign language in real time and supports both American Sign Language and Emirati

Arabian Post Staff -Dubai Sharjah has waived truck toll gate fees for cargo vehicles arriving from Oman and operating along approved logistics corridor routes, in a move aimed at cutting freight costs, easing cross-border movement and strengthening the emirate’s role in regional supply chains.The measure applies to cargo trucks entering through the Khatmat Malaha and Al Madam border crossings, provided shipments meet the initiative’s conditions and are registered on the designated corridor routes. The waiver was introduced by the Sharjah

Arabian Post Staff -Dubai Saudi Arabia’s ambassador to Canada hosted Defence Minister David J. McGuinty in Ottawa, underscoring a continuing effort by both governments to deepen diplomatic, security and economic engagement after years of strain in the relationship.Ambassador Amal Almoalimi received McGuinty at her official residence on May 22, where the two sides discussed issues of mutual interest and reaffirmed the strength of relations between the Kingdom of Saudi Arabia and Canada. The dinner came at a sensitive moment for