Economy News

Oraseya Capital tops UAE investment rankings

Oraseya Capital has been named the most active investor in the UAE for 2024, according to the UAE Venture Investment Report by MAGNiTT. The rankings are measured by number of deals.

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News

Kuwait uses tech against environmental violations

Digital transformation specialist Intalio has partnered with the Kuwait Environment Public Authority to revolutionise the management of the country’s environmental violations.

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Entrepreneur News Startup

Qatari competition new boost for startups

A new competition has been launched in Qatar to improve the startup culture and attract talent from around the world. Led by Carnegie Mellon University in Qatar, the Qatar Research Development and Innovation Council, and the European Innovation Academy, the three-week virtual program is aimed at inspiring students to develop social entrepreneurship startups.

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Entrepreneur News Startup

Alba joins forces with Bahraini entrepreneurs

Aluminium Bahrain (Alba), the world’s largest single-site aluminium smelter, will co-fund and collaborate with selected startups and SMEs to implement proof-of-concept projects. Alba’s participation marks a significant step towards driving innovation and economic growth in Bahrain’s industrial sector while also enhancing the competitiveness of Bahraini talent in the private sector.

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News

UAE Cyber Security Council stops attack

The UAE Cyber Security Council has announced the successful prevention of ransomware attacks targeting key sectors in both public and private entities. These attacks, designed to breach data and disrupt digital systems, were detected and neutralised by the nation’s cybersecurity infrastructure.

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News Real Estate

Acube launches ‘Vega’ in Dubai Sports City

Acube Developments has unveiled Vega, a 23-storey residential development in Dubai Sports City. Named after the brightest star in the Lyra constellation, the project combines luxury, nature, and cutting-edge technology.

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Abu Dhabi crowned world’s safest city for 2025

Abu Dhabi has been named the world’s safest city in 2025, topping the global rankings by Numbeo for the ninth consecutive year. This milestone underscores the emirate’s commitment to pioneering security initiatives and enhancing quality of life for residents and visitors, making it a premier destination to live, work, and study.

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Economy News Real Estate

Andalusia Group unveils $57m Dubai residences

Dubai real estate developer Andalusia Group has launched Bottega Nove Premium Residences, an Italian-inspired luxury development valued at $57.2m. The project, located in the Majan area of Dubailand, is set to feature nine floors crafted from Italian materials, blending sophisticated design with luxurious finishes.

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Economy News

DXB still world’s busiest international airport

Dubai International Airport (DXB) has maintained its position as the world’s busiest international airport for 2024, with 60.2 million available seats. This marks a 7% year-on-year increase in airline capacity and a 12% rise compared to pre-pandemic 2019 levels. OAG calculates the busiest international airports using international airline capacity only, excluding domestic flights.

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Economy News Real Estate

Meydan awards $144m for lagoon-side development

Dubai Holding Real Estate’s Meydan has awarded a $144m contract to Bhatia General Contracting for the construction of Naya at District One.

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