Dubai, UAE — Al Mal Capital REIT (AMCREIT), the Dubai Financial Market-listed real estate investment trust and subsidiary of Dubai Investments, has acquired the real estate asset of NMC Royal Hospital, located in Dubai Investments Park (DIP). The deal, which marks AMCREIT’s entry into the healthcare real estate sector, lifts its portfolio value to approximately … Read more
Dubai, UAE — The Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) has unveiled a new payment initiative allowing residents to pay ICP service fees in instalments via credit cards. The measure, part of ICP’s “The Authority at Your Service” programme, was launched during GITEX Global 2025. What’s New Why This Matters What … Read more
Dubai, UAE — In a landmark ruling, the Dubai International Financial Centre (DIFC) Court has directed BR Shetty, founder of the now-collapsed NMC Healthcare, to pay $45,997,554.59 (approximately $46 million) to State Bank of India (SBI), ruling that Shetty lied under oath and had indeed signed a personal guarantee for a loan. What the Court … Read more
The United Arab Emirates (UAE) continues to solidify its position as a prominent player in the global foreign exchange (FX) market. In 2024, the UAE FX market was valued at approximately USD 4.15 billion and is projected to reach USD 7.4 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.62% . Key … Read more
Dubai’s flagship startup event, Expand North Star 2025, is currently underway at Dubai Harbour from October 12–15, marking a decade of innovation and global collaboration. Organized by the Dubai World Trade Centre (DWTC) and hosted by the Dubai Chamber of Digital Economy, the event has attracted over 2,000 startups and 1,200 investors from 180 countries, … Read more
🌟 Key Highlights 💡 Notable Startup Developments 📊 Sector Trends 🌐 Global Engagement The UAE’s strategic location and supportive infrastructure make it an attractive hub for international startups and investors. Events like Expand North Star 2025 underscore the country’s role in fostering global innovation and partnerships.
GITEX Global 2025 Showcases Technological Innovations The 45th edition of GITEX Global, the world’s largest tech exhibition, commenced in Dubai on October 13, 2025. The event features over 6,800 tech companies and 2,000 startups from 180 countries, showcasing advancements in AI, quantum computing, biotechnology, and sustainable technology. UAE President Sheikh Mohammed bin Rashid Al Maktoum … Read more
Government AI Initiatives Corporate AI Developments These developments underscore the UAE’s proactive approach to integrating AI across various sectors, from government services to corporate enterprises, reinforcing its position as a leader in AI innovation in the region.
🧠 AI Minister Sets Ambitious Growth Targets UAE Minister of Artificial Intelligence, Omar Sultan Al Olama, has announced a goal to increase the number of AI companies in the country from 1,500 to 10,000 within the next five years. This initiative is part of the UAE’s broader strategy to become a global leader in AI … Read more
🎉 Diwali at Abu Dhabi’s BAPS Hindu Mandir The BAPS Hindu Mandir in Abu Dhabi is gearing up for a grand Diwali celebration from October 20 to 22. The temple will remain open on Monday, October 20, to accommodate Diwali prayers and festivities, diverging from its regular closure on Mondays. The celebration lineup includes a … Read more