Mid East tourism to reach $350bn by 2030
Tourism spending across the Middle East is set to increase to nearly $350bn by 2030, according to new projections released in the ATM Travel Trends Report 2025.
Economy
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Entrepreneur
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Startup
Khalifa Fund, Inovartic back UAE game startups
The Khalifa Fund for Enterprise Development has announced a new collaboration with Inovartic Investment to accelerate the growth of the UAE’s gaming sector. The initiative aims to support emerging game developers through a combination of incubation, expert training, and financial backing.
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Real Estate
Aldar announces Fahid Island project in Abu Dhabi
Aldar Properties has unveiled plans for Fahid Island, a large-scale coastal development in Abu Dhabi valued at over $10.9bn. The project will span 2.7 million sq. metres and feature 11 km of coastline, including 4.6 k, of beachfront and surrounding areas.
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Majid Al Futtaim, DFF launch robotics pilot
Majid Al Futtaim has partnered with Dubai Future Foundation (DFF) to launch a robotics pilot at City Centre Mirdif.
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Real Estate
Omoria Private Residences launches in Dubai
Omoria Private Residences has launched in Dubai as a new global benchmark in ultra-luxury residential hospitality.
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Abdul Latif Jameel, Uber sign MoU
Abdul Latif Jameel has signed a Memorandum of Understanding (MoU) with Uber to explore the development of a new fleet operations platform in Saudi Arabia.
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MBZUAI positions itself as Gulf’s AI powerhouse
The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) is positioning itself as the Gulf region’s leading institution for AI education and innovation.
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Emirates Post, Aramex to expand UAE logistics
Emirates Post has partnered with global logistics provider Aramex to enhance logistics accessibility across the UAE.
Economy
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UAE, Oman to develop Al Rawdah economic zone
The UAE and Oman have signed an agreement to jointly develop and operate the first phase of the Al Rawdah Special Economic Zone in Mahadha, Al Buraimi Governorate.
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OpenAI linked to Abu Dhabi AI data centre
OpenAI may be set to become a key partner in a planned 5-gigawatt data centre campus in Abu Dhabi. It comes to fruition, it could rank among the world’s largest AI infrastructure projects.