MGX backs USD 2.1bn AI drug design round
Abu Dhabi's MGX has joined a USD 2.1 billion Series B funding round for Isomorphic Labs, a UK-based AI-driven drug design company.
Economy
News
Economy
News
Sheikh Hamdan approves AED 1.5bn economic incentives package
Dubai has unveiled a second economic incentives package worth AED 1.5bn, approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
News
ADGM revises AML and CTF framework as LPA numbers surge
The Abu Dhabi Global Market has published a comprehensive update to its Anti-Money Laundering and Counter-Terrorist Financing Risk Assessment for Legal Persons and Arrangements (LPAs).
Opinion
How agentic AI is reshaping healthcare
Think about the last time a patient complained about waiting. Not for a bed or for a scan result, but for something administrative such as a prior authorisation, a referral, or a follow-up appointment that fell through the cracks. These aren’t clinical failures – they’re coordination breakdowns. And for the most part, they’re entirely preventable.
Opinion
The uncertainty dividend
There is a contentious but meaningful quote that goes something like “Never waste a good crisis”. The words have been attributed to Churchill, Machiavelli, and, most recently, Rahm Emanuel, former chief of staff to President Barack Obama, during the 2008 financial crisis.
News
UAE pledges USD 5bn to India in energy and AI push
The UAE has committed USD 5 billion to India's energy and AI sectors following an official visit by President HH Sheikh Mohamed bin Zayed Al Nahyan to New Delhi, where he met Prime Minister Narendra Modi to advance their comprehensive strategic partnership.
News
Emirates breaks ground on USD 5.1bn MRO mega-complex at Dubai South
Emirates has broken ground on a USD 5.1 billion engineering complex at Dubai South set to become the world's most advanced maintenance, repair and overhaul (MRO) facility.
News
Real Estate
UAE property market holds firm despite regional conflict
The UAE real estate sector has demonstrated notable resilience in the face of regional instability, with 59 new projects worth AED 118.3 billion launched since the military conflict involving the US, Israel and Iran escalated on 28 February.
News
Mubadala Energy takes stake in USD 13bn US LNG project
Mubadala Energy has joined Kimmeridge and CPP Investments as an equity participant in the Commonwealth LNG export facility in Cameron Parish, Louisiana.
News
Dubai climbs to fourth in IMD Smart City Index 2025
Dubai has risen eight places to rank fourth globally in the IMD Smart City Index 2025, retaining its position as the top-ranked city in the GCC, the Arab world, and Asia.