Dubai awards AED 2.5bn in new stormwater drainage contracts
Dubai has awarded AED 2.5 billion (USD 680 million) in contracts to expand and strengthen its stormwater drainage network, supporting long-term urban resilience.
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News
UAE Central Bank unveils world’s first sovereign financial cloud
The Central Bank of the UAE (CBUAE) has partnered with Core42 to launch what it calls the world’s first Sovereign Financial Cloud Services Infrastructure (SFCSI), a dedicated, AI-powered cloud ecosystem for the financial sector.
News
Invest Bank returns to profit with AED 161 m turnaround in FY25
Invest Bank has returned to profitability after seven consecutive years of losses, reporting AED 161 million in net profit for FY25, compared to a loss of AED 189.29 million in FY24.
News
DIFC report shows global wealth shifting toward AI, private markets and impact
Dubai International Financial Centre (DIFC) has released its Global Wealth Outlook 2026, highlighting a structural shift in how the world’s richest investors approach growth.
News
Antier launches VARA-compliant crypto exchange platform for UAE and MENA
Antier has introduced a VARA-compliant white-label cryptocurrency exchange platform tailored for financial institutions operating in the UAE and wider MENA region.
Opinion
Startup U: How do the UAE’s universities drive startup growth?
The idea of the university as a purely academic space, divorced from commercialisation, is a concept from the distant past. Back in the 1940s, a professor at Stanford University in the US began encouraging his students to consider how their ideas and research could be applied in the industry. It's no coincidence that Silicon Valley
News
UAE proptech Takeem secures global backing to scale rental platform
UAE-based proptech platform Takeem has secured investment from REACH, the accelerator backed by National Association of Realtors through its REACH Middle East programme.
News
flydubai posts AED 2.2 bn profit as network expands to 140 destinations
flydubai reported a pre-tax profit of AED 2.2 billion for 2025, carrying a record 15.7 million passengers as it expanded its global footprint.
News
GCC Islamic fintech projected to hit USD 341 bn by 2029
Islamic fintech across the GCC is on track to reach USD 341 billion by 2029, led by strategic reforms in Saudi Arabia and the United Arab Emirates.
News
UAE ranks among fastest-growing AI markets globally
A new global AI Adoption Index by Cybernews places the United Arab Emirates among the world’s fastest-growing artificial intelligence markets, ranking third globally with a 56% adoption rate in 2025.