UAE

Dubai's Delivery Hero Plans a High-Stakes IPO for Talabat, Targeting $1.5 Billion

1 month ago

The culinary landscape of the Middle East is set for a significant shift as Delivery Hero AG, a leading global food delivery service, moves forward with plans to initiate an Initial Public Offering (IPO) for its subsidiary, Talabat. This IPO could potentially raise around $1.5 billion, signaling a major financial endeavor for the company and its stakeholders in the UAE.

Saudi Arabia Unveils Ambitious $100 Billion AI Project to Compete with UAE's Tech Landscape

2 months ago

In a bold move to establish itself as a major player in the global technology sector, Saudi Arabia has announced an ambitious plan to invest $100 billion in building an artificial intelligence (AI) powerhouse. This strategic initiative aims to rival the United Arab Emirates’ burgeoning technology hub, further intensifying the competition in the Gulf region's tech scene. The unveiling of this plan signifies a commitment from the Kingdom to diversify its economy, traditionally dominated by oil revenues, by tapping into the innovation-driven tech landscape.

Abu Dhabi Partners with Microsoft to Revolutionize the Energy Sector through AI Innovation

2 months ago

In a significant move to integrate advanced technology in the energy sector, Abu Dhabi has announced a collaborative partnership with Microsoft aimed at harnessing the potential of artificial intelligence (AI). This initiative marks a strategic step towards modernizing the energy industry in the United Arab Emirates (UAE), focusing on enhancing operational efficiency and fostering sustainable practices.

UAE AI Firm's CEO Remains Unfazed by Potential Nvidia Chip Sale Caps

2 months ago

In a bold stance against the backdrop of looming restrictions, the CEO of a prominent United Arab Emirates-based artificial intelligence company has expressed confidence regarding the future of Nvidia chip sales. As potential regulatory measures surface, aiming to limit the distribution and sale of these critical components, the CEO dismissed concerns, asserting that the firm is well-prepared to navigate any challenges that may arise.

Dubai's Exponential Job Growth Attracts Expats, Challenges City Infrastructure

2 months ago

Dubai is witnessing a remarkable surge in job opportunities, attracting an influx of expatriates eager to join its workforce. As a result, the city is grappling with significant challenges relating to its infrastructure and housing to accommodate the growing population. With a booming economy and a diverse range of industries expanding, Dubai stands as a top destination for professionals seeking new career fronts.

Uber Partners with China’s WeRide to Offer Robotaxi Rides in UAE

3 months ago

In what is arguably a revolutionary first in innovative mobility for people and products, Uber Technologies Inc. has partnered with China's self-driving company WeRide to introduce the robotaxi services into the UAE. The agreement between the two companies marks the beginning of a significant milestone toward deploying autonomous vehicle technologies across the region. It's bound to push a revolutionary transportation solution into the bustling metropolis of the Middle East.

TSMC and Samsung Consider Building Major New Chip Factories in UAE

3 months ago

This might be an important turn for the semiconductor industry: leading chipmakers TSMC and Samsung are reportedly considering options to open new factories in the United Arab Emirates. According to news from The Wall Street Journal, this could confer certain strategic and economic advantages in an area of the world.