June 6, 2025
UAE

Business

Business News

DIAC and Jus Mundi Launch Strategic AI Partnership to Advance Arbitration

The Dubai International Arbitration Centre (DIAC) has announced a pioneering partnership with legal tech leader Jus Mundi to integrate cutting-edge AI tools into its operations. The collaboration marks a major step in DIAC’s digital transformation, aimed at enhancing efficiency, transparency, and global accessibility. As part of the initiative, DIAC’s case management team will be trained

Read More
Business

Huda Kattan Reclaims Full Ownership of Huda Beauty

Huda Beauty has officially regained full independence, as founder Huda Kattan repurchased equity from private equity firm TSG Consumer Partners, ending their eight-year partnership. The move, finalized in June 2025, makes the Dubai-based beauty brand once again 100% founder-owned. TSG acquired a minority stake in 2017, helping fuel Huda Beauty’s global expansion. Now, with full

Read More
Business

One Development and Dubai Land Department Sign MoU to Drive Real Estate Innovation

In a move set to reshape the future of real estate in Dubai, One Development has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD), signaling a new era of strategic collaboration in the sector. The agreement aims to foster innovation, improve investor confidence, and raise industry standards by delivering smarter, more

Read More
Business

NextEra: A Bold New Chapter in Saudi Arabia’s Digital Transformation

NextEra, a newly launched joint venture between Aramco Digital and global tech leader LTIMindtree, is setting the stage for a major leap in Saudi Arabia’s digital ambitions. Headquartered in Riyadh, the company is led by Dina Abo-Onoq, a seasoned executive with a strong background in technology consulting, now serving as CEO and Board Member. Built

Read More
Business

Hub71 Launches Google For Startups Accelerator In Abu Dhabi

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

Read More
Business

G42, OpenAI, and Global Tech Giants Unite to Launch ‘Stargate UAE

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

Read More
Business News

Saudi Arabia Sets New Global Standard with Launch of TOURISE Tourism Powerhouse

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

Read More
Business

Abu Dhabi Unveils First SAR Satellite Facility

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

Read More
Business

Etihad Airways Expands Fleet with Major Boeing Order

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

Read More
Business

Qatar Airways Reports Record $2.1 Billion Profit

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

Read More