Saudi Arabia and Kuwait have jointly announced a new oil discovery in the North Wafra Wara-Burgan field, located roughly 5 kilometers north of the Wafra field within the Partitioned Zone between the two nations. In a joint statement, the governments confirmed that crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well
Abu Dhabi’s Hub71 and Google have partnered to launch the Google for Startups Accelerator, a three-month programme designed to fast-track early-stage AI startups based in Hub71+ AI — the ecosystem’s dedicated AI vertical. This initiative reinforces Abu Dhabi’s ambition to position itself as a global hub for AI innovation. A total of 26 startups from
Abu Dhabi to Host 2026 IBA Arbitration Day, Marking a Milestone for the MENA Legal Landscape The International Bar Association (IBA) has chosen Abu Dhabi as the host city for the 27th Annual IBA Arbitration Day, set to take place from 28–29 January 2026. This prestigious event is a cornerstone of the global arbitration calendar,
In a pioneering step that cements Dubai’s leadership in real estate innovation, the Dubai Land Department (DLD) has unveiled the region’s first tokenized property investment initiative through the newly launched Prypco Mint platform. This landmark project is being executed in collaboration with Prypco, and under the strategic oversight of the Virtual Assets Regulatory Authority (VARA),
G42 has announced Stargate UAE, a cutting-edge AI compute cluster being developed in partnership with global tech leaders including OpenAI, Oracle, Nvidia, SoftBank, and Cisco. Positioned within the newly launched UAE–US AI Campus, the initiative is set to become one of the world’s most powerful AI infrastructure hubs outside the United States. The first phase—deploying
Saudi Arabia has officially launched TOURISE, a groundbreaking global platform aimed at transforming the future of tourism through collaboration across technology, investment, and sustainability. Unveiled by Tourism Minister Ahmed Al-Khateeb, TOURISE will operate year-round, connecting public and private sector leaders to drive innovation and long-term impact in the tourism industry. The first invite-only TOURISE Summit
The Central Bank of the UAE (CBUAE) has successfully organized the country’s first National Financial Inclusion and Literacy Policies Forum, bringing together key stakeholders to advance financial education and inclusion across the Emirates. The forum emphasized the UAE’s commitment to building a more inclusive financial system, ensuring that individuals and businesses—especially youth and underserved communities—have
The Abu Dhabi Investment Office (ADIO), in partnership with Space42, has unveiled the Middle East’s first commercial Synthetic Aperture Radar (SAR) satellite manufacturing facility—Space42 Space Systems—marking a major leap in the UAE’s sovereign space capabilities. Announced at Make it in the Emirates 2025, the facility will design, assemble, and test SAR satellites used for earth
Etihad Airways has confirmed a significant order for 28 wide-body Boeing aircraft as it accelerates its growth strategy aimed at doubling its fleet size by 2030. The new aircraft, a mix of Boeing 787s and the next-generation 777X models, are set to be delivered from 2028 and will be powered by GE engines, supported by
GCC Business Hub – May 19 Qatar Airways has announced a record net profit of 7.8 billion Qatari riyals ($2.1 billion) for the financial year ending March 31, 2024—a 28% increase from the previous year. This marks the airline’s most commercially successful year to date, driven by sustained regional demand despite global economic uncertainty. The