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UAE AI-startup accelerator kicks off

UAE-based data analytics firm Presight has signed a Memorandum of Understanding (MoU) with Microsoft to enhance its AI startup accelerator. As part of the partnership, Microsoft will help equip startups with cloud services, AI tools, and technical guidance.

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Economy News

UAE’s EDGNEX acquires Hyperco

EDGNEX Data Centers have acquired Finland-founded data centre company Hyperco, strengthening its presence in the European market.

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Economy News

Abu Dhabi’s GDP hits record $326bn in 2024

Abu Dhabi’s economy expanded by 3.8% in 2024, reaching an all-time high of $326.71bn. This marks the third consecutive year of record-breaking GDP figures according to data from the Statistics Center – Abu Dhabi.

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Economy News

UAE officially most crypto-obsessed country

The UAE has been named the world’s most crypto-obsessed country in 2025, scoring 98.4. The country has witnessed an exceptional 210% growth in crypto adoption, reinforcing its status as a premier hub for blockchain innovation and investment.

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Economy News

Dubai steps up focus on ESG reporting

Dubai Chamber of Commerce organised a virtual workshop on sustainability reporting, highlighting its role in enhancing transparency around environmental, social, and governance (ESG) standards.

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Economy News

Abu Dhabi set for 2026 RoboTaxi launch

UAE-based Autogo has commenced trials for its RoboTaxi service in Abu Dhabi. The initiative is part of a strategic partnership with Apollo Go, the autonomous mobility arm of Chinese tech giant Baidu, which specialises in large-scale self-driving transportation. The collaboration aims to introduce cutting-edge mobility solutions to Abu Dhabi’s streets, aligning with the emirate’s smart

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Economy News

JAFZA invests $24.5m in logistics park expansion

Jebel Ali Free Zone has announced a $24.5m investment in Phase 2 of its advanced logistics park, adding 360,000 square feet of Grade-A facilities.

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Economy News

Abu Dhabi to launch air taxis this year

Abu Dhabi is set to become a pioneer in urban air mobility with the deployment of the first fleet of electric air taxis this year. The piloted, four-passenger aircraft aim to slash a 60-minute car journey down to around 10 minutes.

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Economy News Real Estate

Abu Dhabi real estate demand surges

Abu Dhabi’s real estate sector is set for significant expansion, with 38,700 new residential units expected by 2028 to meet growing demand. According to Cavendish Maxwell’s latest report, 10,800 units are due for delivery this year, followed by 6,000 in 2026.

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Economy News

MRC Saudi and Adspective transform AI advertising

MRC Saudi and Adspective have announced a strategic partnership to revolutionise audience measurement and AI-driven advertising in Saudi Arabia.

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