Abu Dhabi’s Alpha Data has announced plans for an IPO on the Abu Dhabi Securities Exchange (ADX). The digital transformation firm will offer 400 million ordinary shares, constituting 40% of its issued share capital, at a nominal price of AED 0.03 per share.
Dubai is set to revolutionise urban transport with the introduction of an underground high-speed transit network, dubbed the ‘Dubai Loop’.
Dubai Electricity and Water Authority (DEWA) has recorded the world’s lowest electricity Customer Minutes Lost (CML) in 2024. The authority reported 0.94 minutes of downtime per customer, underscoring its commitment to delivering top-tier service and operational efficiency.
Speaking at the World Government Summit in Dubai, Google CEO Sundar Pichai said that AI will create many new job opportunities, dismissing concerns that the new technology will have the opposite effect.
The Saudi Central Bank (SAMA) has granted approval for four fintech startups to trial their solutions within its Regulatory Sandbox, furthering efforts to drive innovation in the financial sector. The newly approved companies cover areas including open banking and peer-to-lending.
Unipal has successfully closed its pre-Series A funding round. The investment in the GCC youth benefits platform was led by Plus VC, with contributions from Al Jazira Capital, RZM Investments, Falak Angels, Doha Tech Angels, and others.
The UAE has launched the first phase of its blue visa system, a 10-year residency visa aimed at individuals making significant contributions to environmental sustainability.
Emirates has entered into an agreement with Airbus to implement the Skywise Fleet Performance+ predictive maintenance and fleet health monitoring system, alongside the Core X3 analytics platform.
The UAE will install over 500 electric vehicle (EV) charging stations by the end of 2025 as part of its commitment to sustainable mobility and carbon reduction.
Rochester Institute of Technology (RIT) Dubai has partnered with W Motors to drive innovation in mobility through collaborative initiatives in education and research.
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