IMF chief praises UAE’s non-oil growth and AI leadership
The head of the International Monetary Fund has praised the UAE’s economic diversification, highlighting the strength of its non-oil economy and growing leadership in artificial intelligence.
The head of the International Monetary Fund has praised the UAE’s economic diversification, highlighting the strength of its non-oil economy and growing leadership in artificial intelligence.
The Gulf’s startup scene makes headlines every week. A founder with a big idea, a few lines of code and a plan to shake up the market appears to win funding overnight and scale within months. It sounds simple, but the figures suggest otherwise.
Dubai’s reputation as a destination for the world’s wealthy is nothing new. For years, the emirate has served as a hub for affluent individuals seeking property and residency.
Walk into a luxury hotel, high-end retail space or well-designed digital platform, and one thing becomes apparent very quickly: the experience feels controlled. Calm. Intentional. Nothing appears accidental, even when you can’t quite explain why.
Dubai’s residential real estate market reached a major milestone in 2025, with total sales value climbing to $149 billion, signalling a shift towards a more mature and structurally balanced market.
Souq Al Jubail locations in Sharjah city, Al Dhaid and Kalba welcomed more than 5.8 million shoppers in 2025, underlining the market’s role as a major commercial, retail and social hub in the emirate.
Kaspersky has introduced an OT Calculator for industrial companies across the Middle East to assess potential costs from inadequate operational technology (OT) security.
G42, Cerebras Systems and the Institute of Foundation Models at Mohamed bin Zayed University of AI have launched K2 Think V2, a 70-billion parameter reasoning system built on the K2-V2 base model.
The UAE’s success has been built on clear principles and transparent governance. Policies move quickly, decisions are robust, and rules are easy to follow. That clarity successfully transformed a small trading hub into one of the world’s most open markets within just a few decades.
The UAE has ranked among the world’s top 10 countries for AI-driven resilience in the newly released Industry 5.0 Index, placing ninth globally.
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