Dubai to host 2026 global AI summit
Dubai will host a major international gathering in 2026 bringing together global AI thought leaders from a range of disciplines including academia, technology, and business.
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Dubai, South Africa to launch AI trade hub
Dubai is set to become the launchpad for a new AI trade and investment hub, following a strategic partnership between the Dubai Centre for Artificial Intelligence (DCAI) and the South African Artificial Intelligence Association (SAAIA). The initiative aims to boost cross-border collaboration and create fresh opportunities for AI startups and investors across EMEA.
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Real Estate
GCC property deals jump 20% to $78.2bn in Q1
Real estate activity across the GCC surged in the first quarter of 2025, with total transactions reaching an estimated $78.2bn. This is a year-on-year increase of over 20%, according to new data from leading proptech firm Sakan.
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PayPal opens first MEA office in Dubai
PayPal has officially opened its first office in the Middle East and Africa, selecting Dubai as the location for its new regional hub. Situated in Dubai Internet City, the move marks a significant milestone in the digital payments giant’s international expansion strategy.
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Startup
UAE’s Resolv Labs raises $10m seed round
Dubai-based crypto firm Resolv Labs has raised $10m in seed funding to accelerate the development of its low-risk digital asset investment strategies. The round was co-led by Cyber.Fund and Maven11, with backing from notable investors including Coinbase Ventures, SCB Limited, Arrington Capital, Animoca Ventures, Gumi Cryptos, NoLimit Holdings, and Robot Ventures.
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Dubai Chamber hosts D33 roundtable with business councils
Dubai Chamber of Commerce has hosted a roundtable discussion to outline the key objectives of the Dubai Economic Agenda (D33) for the business councils operating under its umbrella.
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WTO reports UAE foreign trade hit $1.42tr in 2024
The UAE’s total foreign trade soared to $1.42tr in 2024, marking a 49% increase from $952.9bn in 2021, according to the World Trade Organisation’s latest World Trade Outlook and Statistics report.
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New cultural landmark opens in Abu Dhabi
teamLab Phenomena Abu Dhabi has opened in the Saadiyat Cultural District. The landmark multi-sensory experience spreads across 17,000-square-metres and is designed as a living, breathing art space.
Economy
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Abu Dhabi targets $24.5bn tourism boost
Abu Dhabi’s Department of Culture and Tourism is aiming for the tourism sector to contribute $24.5bn to the emirate’s non-oil GDP by 2030. The sector is projected to generate $16.9bn in 2025, a 13% increase on 2024.
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Talabat and Emarat partner to drive sustainability
Talabat has signed a Memorandum of Understanding (MoU) with Emirates Petroleum Company PJSC, marking a strategic partnership aimed at innovation, community impact, and long-term sustainability.