Abu Dhabi’s Yahsat to invest $100m in T4-NGS satellite programme

Abu Dhabi satellite operator Yahsat Group plans to allocate more than $100m towards capital expenditures in 2023 as part of the ‘T4-NGS’ satellite programme, according to state-run news agency WAM.   The programme, the next-generation telecommunications system for Thuraya, is scheduled to become operational in the first half of 2025 with a total cost of […]

MBZUAI, Etihad Airways join forces to harness power of AI in aviation

  Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and Etihad Airways have signed a Memorandum of Understanding (MoU) to jointly develop initiatives and conduct research into how AI could transform key aspects of the nation’s integral aviation sector. The move aligns with the university’s commitment to enhancing AI competitiveness across vital sectors, including aviation […]

Etisalat by e& celebrates outstanding entrepreneurs & startups in the UAE

etisalat by e& announced the winners of the third edition of the ‘Hello Business Pitch’ competition at a live awards ceremony dedicated to celebrating entrepreneurship and innovation in the United Arab Emirates. The event took place amidst a grand gathering of prominent figures, including H.E Abdulaziz Al Nuaimi, Assistant Undersecretary of the Commercial and Regulatory […]

UAE-based diagnostics firm TGT to establish technology hub in Abu Dhabi

UAE-based TGT Diagnostics, which provides well diagnostics to the hydrocarbons industry, announced that it will build a new technology hub in Abu Dhabi. The company has signed an agreement with Khalifa Economic Zones Abu Dhabi (KEZAD Group) for the new facility, it said in a press statement. The facility, which is being set up at […]

UAE Climate Tech forum kicks off in Abu Dhabi with 1,000 technology and climate leaders

  The UAE Climate Tech forum, with the participation of over 1,000 policymakers, CEOs, experts, specialists, technology sector leaders and investors from around the world, kicked off today at the Abu Dhabi National Exhibition Centre. The two-day event, organised by the Ministry of Industry and Advanced Technology (MoIAT) in partnership with ADNOC and Abu Dhabi […]

Benya Group, UAE’s Khazna to build $250mln hyperscale data center in Egypt

The digital solutions provider Benya Group has signed a memorandum of understanding (MoU) with the UAE-based wholesale data center provider Khazna Data Centers to build a 25-megawatt (MW) hyperscale data center at Maadi Technology Park with $250 million in investments, the General Authority for Investment and Free Zones (GAFI) stated on May 5th. As the […]

Dubai: Fintech helps DIFC grow faster than emirate’s overall economic growth

  Financial technology (popularly known as Fintech) has become a major growth driver for the Dubai International Financial Centre (DIFC), helping it to grow faster than Dubai’s overall growth rate. Essa Kazim, governor of DIFC, said the financial centre has become a major engine of growth for the emirate’s economy and a significant contributor to […]

DIFC to host inaugural Dubai FinTech Summit next week

  Dubai is set to host the first-ever Dubai FinTech Summit on 8th and 9th May under the patronage of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. The Summit will be organised by Dubai International Financial Centre (DIFC) at Madinat Jumeirah and […]

UAE Moon mission: Ispace announces update, says spacecraft carrying Rashid Rover likely made hard landing on lunar surface

The Japanese spacecraft carrying the UAE’s Rashid Rover to the Moon is believed to have made a hard landing on the lunar surface. In an update about the status of its HAKUTO-R Mission 1 (M1), Japan-based ispace said the communication between the lander and the mission control centre (MCC) has not been established yet, nearly […]

ADFD backs AI industries to enhance UAE’s global standing in advanced technology

  In a bid to strengthen the UAE’s standing as a global hub for advanced technology, a delegation from the Abu Dhabi Fund (ADFD) for Development and the Abu Dhabi Exports Office (ADEX) recently visited the Abu Dhabi-based artificial intelligence and cloud computing technology holding company, G42. The delegation discussed the joint strategic cooperation and […]