Affordable Car Modifications are Driving UAE’s Customization Craze

Dubai Taxi Company has reported a net profit of 83.6 million UAE dirhams ($22.8 million) for the first quarter of 2025, indicating a 23% year-on-year decline, which the DFM-listed company said was a result of the promotional discounts offered as part of the launch campaign of ride-hailing service Bolt.

DTC’s EBITDA decreased to AED 154.4 million, down 9% year-on-year, while revenue for the quarter increased 5% year-on-year to AED 588.3 million, which DTC said was driven by fleet expansion across segments and the “strong performance” of its taxi and delivery bike operations.

An increase in trip numbers saw revenue for the taxi segment rise 7% year-on-year to AED 515 million, with DTC bringing the total of taxis to 6,200 vehicles by the end of March, 250 of which are fully electric.

Revenues dropped in the bus segment, with DTC citing contractual changes for the 14% year-on-year decline to AED 31.6 million.

DTC’s results showed a net debt-to-EBITDA ratio of 1.2x and a cash balance of AED 287 million as of 31 March 2025, including Wakala deposits.

Shareholders approved final dividend of AED 122.3 million for the second half of 2024, distributed in April 2025

During the quarter, DTC signed a five-year partnership with Dubai Airports, to continue to be the exclusive provider of taxi services at Dubai International (DXB) and Dubai World Central – Al Maktoum International (DWC), with revenues projected to reach AED 2.5 billion over the period, DTC said.

DTC said it has a positive outlook across all its business segments.

The Sharjah Chamber of Commerce and Industry (SCCI), represented by its Sharjah Training and Development Centre (STDC), successfully concluded its official visit to the Kingdom of Spain.

The tour aimed to strengthen academic and training partnerships and broaden avenues of cooperation in empowering national talent and enhancing leadership and management competencies. The initiative also focused on promoting expertise and knowledge exchange with distinguished Spain-based academic and research institutions.

The Chamber’s delegation was led by Maryam Saif Al Shamsi, Assistant Director-General for the Support Services Sector at SCCI, and comprised Amal Abdullah Al Ali, Director of STDCl, as well as senior officials and representatives from both entities.

The visit culminated in the signing of a strategic cooperation agreement with the University of Navarra, one of Europe’s leading institutions in management, communication, and academic research.

The agreement aims to develop joint academic and training programs, facilitate expert and academic exchange visits, and support the international accreditation of STDCl’s offerings, thereby elevating program quality and aligning with global trends in leadership development.

The partnership agreement was formally signed by Maryam Saif Al Shamsi and Jaime García del Barrio, General Director of the Institute for Culture and Society (ICS) at the University of Navarra, during an official signing ceremony held at the university’s headquarters in Madrid.

The signing was attended by Amal Abdullah Al Ali; Khaled Maqlad, President of Future Academy and STDCl’s Academic Advisor; and H.E Ibrahim Ali Al Nuaimi, Head of Political Affairs, Media, and Public Diplomacy at the UAE Embassy in Spain. Also present were Elena Belzunce, Director of Development at ICS; and Ramzi Jazmati, Director of Development for the Middle East and North Africa at the University of Navarra.

The Sharjah Chamber delegation also signed a cooperation agreement with the University of Salamanca, one of Europe’s oldest and most prestigious universities.

The partnership aims to enhance joint academic and training programs, facilitate the exchange of expertise and scholarly visits, and strengthen the international accreditation of STDCl’s programs, in line with the Centre’s vision to become a global hub for leadership development and institutional innovation.

In her remarks, Maryam Saif Al Shamsi said that the Sharjah Chamber’s visit to Spain comes as part of its ongoing and dedicated efforts to enhance the global accreditation of the Sharjah Training and Development Centre and elevate the international quality benchmarks of its academic and training programs.

She highlighted the cooperation agreement with the University of Navarra as a strategic milestone that supports STDCl’s initiatives and reflects the Sharjah Chamber’s strong commitment to empowering national talent with global competencies and world-class expertise to lead future development agendas.

For her part, Amal Abdullah Al Ali stated that the partnership agreement signed by Sharjah Training and Development Centre with the University of Navarra aligns with the Centre’s mission and ambitious vision to train and develop human capital across public and private sector institutions in the UAE.

She emphasized STDCl’s commitment to delivering world-class training programs and courses that cover the latest skills in advanced management, effective communication, and impactful leadership.

As part of its visit program, the Sharjah Training and Development Centre organized a training workshop titled “Design Thinking”, held within SCCI’s Strategic Business Leadership program at the University of Granada.

The workshop was part of a series of field training initiatives regularly implemented by the Centre to strengthen executive leadership and enhance institutional transformation capabilities through cutting-edge leadership methodologies.

The session explored design thinking principles and tools as a user-centered framework and effective methodology for addressing complex business challenges, fostering empathetic thinking, generating innovative ideas, and iterative problem-solving. It featured strong participation from senior executives, who demonstrated high engagement through applied exercises and hands-on activities that reflected real operational scenarios.

The visit also included a high-level meeting with H.E Ibrahim Ali Al Nuaimi, Head of Political Affairs, Media, and Public Diplomacy at the UAE Embassy in Spain. The meeting highlighted STDCl’s strategic efforts to secure international accreditation for its training and academic programs, underscored by recently concluded agreements with four distinguished Spanish institutions.

These partnerships are designed to facilitate the exchange of expertise and support the delivery of internationally accredited programs, reinforcing the Centre’s position as a key hub for leadership development, organizational innovation, and institutional excellence in the UAE.

During the meeting, Al Nuaimi praised the efforts of the Sharjah Chamber and the Sharjah Training and Development Center in building impactful international partnerships the reflect the UAE’s ambitious vision in leadership education, training, and cross-border knowledge exchange.

Furthermore, the Sharjah Chamber delegation conducted a field visit to the main campus of the University of Granada, one of the oldest universities in Spain and Europe, with the aim of strengthening knowledge partnerships and fostering global leadership collaborations.

During the visit, the delegation met with several university officials with whom they explored advanced academic experiences and research practices in the fields of leadership and strategic management.

Delegation members welcomed the visit as a strategic milestone in advancing academic and training cooperation between academic institutions and training centers, highlighting its potential to foster cross-border collaboration in leadership development. They stressed the importance of leveraging international experiences and global best practices in driving institutional transformation and cultivating future leaders.

The Sharjah Chamber’s tour concluded with a site visit to the University of Granada’s Archaeological Restoration Center, in addition to the Alhambra Palace in Granada city, one of the world’s most iconic historical landmarks.

Dubai’s real estate market posted exceptional results in April, with residential sales transactions reaching 17,447—an impressive 61% increase compared to the same month last year—while commercial rental activity surged, including a 22.4% rise in average office rents and a sharp 40.8% jump in warehouse rates. These figures, published in the April 2025 report from Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, underscore Dubai’s continued strength as a magnet for global capital, even amid wider economic uncertainty and shifting investor sentiment worldwide.

In the residential sector, transaction volumes not only outpaced April 2024 but also exceeded the monthly average of Q1 2025 by over 20%, highlighting strong underlying demand. A softer US dollar improved affordability for overseas buyers, further fueling interest in both off-plan and secondary markets. International investors remain drawn to Dubai’s combination of lifestyle, high returns, and relative value compared to other global cities.

Commercial real estate echoed this momentum, supported by sustained population growth and an increasingly diversified economy. Core business districts such as Business Bay and Jumeirah Lake Towers saw strong absorption and limited new stock, pushing average office rents up more than 22% compared to April 2024. In parallel, the logistics and industrial sector is experiencing an unprecedented surge, with warehouse rents climbing nearly 41% year-on-year—a result of surging demand from e-commerce, manufacturing, and trade sectors seeking well-located, high-specification space.

“Dubai continues to set itself apart on the global real estate stage,” said Daniel Hadi, CEO of Engel & Völkers Middle East. “Buyers and investors are responding to the city’s unique combination of quality lifestyle, competitive yields, and policy stability. This performance underscores Dubai’s growing appeal to global investors, developers, and end-users seeking long-term growth and value in a secure, well-managed environment. The momentum reflects strong demand fundamentals and increasing recognition of Dubai as a safe haven and long-term growth market.”

Residential activity remained broad-based, with both established and emerging communities seeing sustained demand. Jumeirah Village Circle remained the city’s highest transacting area, appealing to end-users and investors drawn to its relative value. DAMAC Islands gained momentum, meeting the growing demand for affordable waterfront villas and townhouses. Meanwhile, Business Bay and Dubai Marina remained among the top-performing apartment markets, combining strong lifestyle appeal with consistent investor interest.

While overall prices are still trending upward, Engel & Völkers noted early signs of stabilization in mature communities—an indicator of a more balanced, sustainable market. Strong fundamentals, investor-friendly policies, and a transparent regulatory environment continue to support Dubai’s long-term growth trajectory.

On the commercial side, top-performing areas for transaction activity included Business Bay, Motor City, JLT, and Barsha Heights—all offering strong fundamentals and strategic advantages for businesses across sectors. The limited availability of Grade A office space, coupled with a steady influx of companies establishing regional headquarters in Dubai, is expected to keep upward pressure on rents through the second half of the year. Meanwhile, warehouse operators continue to compete for space near trade corridors, free zones, and last-mile delivery hubs, driving sustained rental growth across key industrial clusters.

As Dubai cements its position as a gateway between East and West and as a magnet for innovation and investment, Engel & Völkers Middle East forecasts continued momentum through the remainder of 2025. With strong market fundamentals, resilient buyer sentiment, and record levels of global interest, the city’s property market is on track to deliver another record-breaking year.

Leveraging AI to help build secure and resilient infrastructures and redefining the future of the cybersecurity industry were among the key topics explored at GISEC Global 2025 as the world’s third-largest cybersecurity event got underway today.

Held under the theme of ‘Securing an AI-Powered Future,’ the annual event has attracted more than 750 of the world’s foremost cybersecurity companies, 450 global CISOs and futurists and 25,0000 visitors from over 160 countries.

With the global cybersecurity market anticipated to be worth $298.5 billion by 2028, according to Markets and Markets, the 14th edition’s opening day saw several panel discussions, workshops and roundtables take place, focusing on the power of AI and how it’s changing the cybersecurity landscape.

H.E. Dr Mohamed Al-Kuwaiti, Head of the UAE Cybersecurity Council, delivered a powerful speech on the importance of harnessing AI, navigating geopolitical tensions and securing the Digital Future.

He revealed an alarming statistic: the UAE is facing more than 200,000 daily cyberattacks, with government entities being the most targeted. Robust measures are being taken, he said, and with the advent of the fifth industrial revolution, cybersecurity must evolve to tackle the threats posed by AI tools. He highlighted human-data interfaces, autonomous systems and AI governance and digital ethics as key areas that the industry needs to rapidly review.

He said: “Cybersecurity has become an integral part of everything that we do, and the UAE is already moving towards becoming an AI-nation in cybersecurity. There are so many great pillars as part of our UAE National Cybersecurity Strategy that focus on governance, innovation, defence and protection – all of which remain vital [for the future].”

Renowned cybersecurity expert and entrepreneur, Eugene Kaspersky, CEO and founder of Kaspersky, was among the speakers to take to the stage. Addressing the audience, he described AI as a tool that is benefiting both cybercriminals and businesses, but emphasized that greater efforts need to be implemented by organizations to help build a safe AI-driven future.

He said: “We are living in a world where it’s very much AI vs AI – defense against attack.”

“With that said, the world is interconnected through digitalization and is part of every aspect of our everyday lives. Using AI will only take that to the next level and will make things faster and better.

“However, unfortunately, we are facing issues with cybercrime, and that can stop us from using AI globally, but the good news is that cybersecurity companies are investing and working on immunity that will make future systems impeccable and secure, which can help us take the next stage.”

Attendees also gained a fascinating insight into Dubai’s ongoing commitment to protecting the emirate digitally at a time when it is accelerating its efforts to become a ‘smart’ city.

During his presentation, Faisal Abdulaziz, Director of the Cybersecurity Threat Center of Dubai Electronic Security Center (DESC), highlighted the work the organization is doing to embed cybersecurity into every layer of Dubai’s digital transformation, safeguarding the city’s smart services, critical infrastructure and digital economy – with a key focus on talent development.

Another speaker to address the audience was Aarti Borkar, CVP of Security, Customers Success and Incident Response at Microsoft. She revealed that 80 per cent of leaders cited leakage of sensitive data as their main concern, while 88 per cent of organizations are concerned about indirect prompt injection attacks, emphasizing the importance of secure and resilient infrastructure.

“Success in AI is defined by your practical techniques and security must come above all else,” she said.

“[When it comes to building safe systems], you must plan the final stage as a perfect solution that you can use and then create milestones on how you get there. Then work on the thing that will hurt the most first, and then gradually the next element. Every day, you have to move towards the next step of being safe and staying compliant, so we can use AI safely and efficiently.”

The event has brought together some of the leading players in the industry, including Huawei, AWS, Microsoft, Google Cloud Security, CISCO, Deloitte, Kaspersky, Check Point, Cloudflare and Honeywell, alongside groundbreaking cybersecurity companies Spire Solutions, CPX, CyberKnight, LinkShadow, OPSWAT, Qualys, CrowdStrike and StrikeReady.

GISEC Global 2025, which is hosted by the UAE Cyber Security Council, supported by DESC, the UAE Ministry of Interior and Dubai Police, will continue on Wednesday with more engaging panel discussions and thought-provoking debates on AI’s pressing issues from weaponized large language models (LLMs) to next-gen AI-powered defenses.

Endocare, a leading metabolic health company dedicated to transforming lives by bridging innovative treatments with personalized care, has proudly announced the successful closing of its financing for its Middle East expansion. The milestone marks a significant step as the company progresses to scale its operations while simultaneously advancing its mission of delivering cutting-edge healthcare solutions across the Middle East.

RbetaQ Holding, a Germany-based family office boasting a strong track record of supporting innovative ventures in healthcare and technology, led the financing which saw Endocare’s ambitious growth plans expand into the UAE and Saudi Arabia.

With a strong foundation built on scientific expertise and patient-centered care, Endocare is well-positioned to address the rising demand for effective obesity and metabolic health solutions across the region — especially in the field of weight loss in Dubai, where the need for personalized and sustainable strategies for the increasingly health-conscious population is continually growing.

Adding to this momentum, the company is also thrilled to welcome Prof. Dr Ashok Kaul as a board member. An expert in data science, technology and artificial intelligence, he brings a wealth of knowledge to Endocare. Dr Kaul’s guidance and support will be invaluable as Endocare navigates the next phase of its development providing real-world application in patient care.

“The closing of our financing round and Dr Ashok Kaul’s addition to our board mark pivotal moments in Endocare’s evolution,” said Leyla Azizova, Co-Founder and CEO of Endocare. “We are excited to accelerate our regional expansion while continuing to innovate and deliver exceptional care for our patients — not only in the areas of metabolic health and weight management, but also in promoting longevity through science-backed lifestyle interventions.”

Commenting on his new role, Dr Ashok Kaul said: “Endocare’s vision of transforming metabolic healthcare through innovation aligns perfectly with my passion for leveraging technology to improve lives. I look forward to working with the team to drive impactful change in the region’s healthcare landscape.”

Furthermore, as part of its commitment to advancing healthcare delivery, Endocare is investing in technology-driven solutions that will enhance patient outcomes and streamline care pathways. These advancements reflect the company’s dedication to integrating technology with medical expertise to redefine metabolic healthcare.

With its roots firmly established in Dubai, Endocare is now poised to broaden its reach across the Middle East, addressing the region’s growing healthcare challenges with its evidence-based and patient-first approach that ultimately enable individuals to live a longer and higher quality of life.

Step into a significant new chapter in the Kingdom of Saudi Arabia with Fairmont Hotels & Resorts, part of the world leading hospitality group Accor. Recognized among the most storied addresses in the world and celebrating the best of each destination, Fairmont Hotels & Resorts will embrace culture in all its forms with three new Saudi openings – Fairmont Red Sea opening end of 2025, Fairmont Ajdan Al Khobar in 2027 and Fairmont Rua Madinah in 2028. Aligned with the Kingdom’s Saudi Vision 2030, this signifies a new stronghold in the Kingdom and bolsters the brand’s record-breaking pipeline.

Maarten Den Nieuwenhuijsen, Senior Vice President Openings and Guest Experience, Fairmont Hotels & Resorts commented: “At Fairmont, we pursue growth with intention, selecting destinations that reflect our commitment to timeless hospitality and cultural resonance. Saudi Arabia is one of the world’s most dynamic tourist destinations, offering untold opportunities for growth, and we are proud to play a role in shaping its hospitality landscape. I am confident that our upcoming openings will not only contribute to the Kingdom’s luxury hospitality offering but also foster meaningful connections with guests and communities. These projects are a testament to the strength of our development pipeline and our long-term commitment to the region.”

Each property will represent Fairmont’s dedication to transformative accommodation and celebration of heritage. Fairmont The Red Sea, positioned in the Kingdom’s groundbreaking Red Sea Project—one of the world’s most ambitious regenerative tourism projects—is set to redefine the relationship between luxury tourism and the natural world. Once opened, the property will feature 193 rooms, six distinct dining concepts, including an overwater restaurant with views of the Red Sea and the mangroves, teens center, kids’ clubs, and a spa. The resort will be situated next to an 18-hole championship golf course, reflecting Fairmont’s association as a world-class golf operator. It will set new standards in sustainable development, positioned on 200 km of untouched coastline, an archipelago of more than 90 unspoiled islands, dormant volcanoes, rich marine habitat, and ancient archaeological sites.

Arriving in 2027, Fairmont Ajdan Al Khobar will offer 160 rooms, and serviced apartments, four dining outlets, a Fairmont Spa and fitness facilities and executive meeting rooms. Strategically located in the heart of Al Khobar’s center, the property will become part of the vibrant Ajdan Waterfront development, featuring retail and entertainment attractions.

Overlooking the revered Prophet’s Mosque and located in one of Saudi Arabia’s religious cities, Fairmont Rua Madinah is set to feature 143 spacious rooms and suites, a variety of dining venues and 120 branded residences – boasting its own kids club, fitness center and spa. With the opening of Fairmont Rua Madinah, the hotel brand will be present in the two main religious cities of Saudi Arabia. Fairmont Rua Madinah will join Fairmont’s established presence in Saudi Arabia, including the iconic Makkah Clock Royal Tower, A Fairmont Hotel, a symbol of luxury and religious significance in the heart of the Holy City.

Majestically overlooking the sacred Kaaba, it offers an unforgettable experience, making it the premier choice for discerning pilgrims undertaking Umrah and Hajj. As the crown jewel of The Clock Towers complex, this architectural masterpiece rises 61 floors, exuding opulence through its meticulously designed interiors and exceptional amenities, redefining the essence of luxury hospitality.

Fairmont’s existing presence in Saudi Arabia extends to Riyadh with Fairmont Hotel Riyadh. The hotel is ideally located near key attractions and entertainment venues, offering contemporary luxury infused with Middle Eastern charm. The hotel features six exceptional dining concepts, including the vibrant Italian restaurant Che Figata! and the premium steakhouse House of Grill, each delivering unforgettable culinary experiences. For relaxation, guests can retreat to the serene Fairmont Spa, which features separate facilities for men and women, along with a stunning indoor pool. Set along King Fahd Road with breathtaking views of Riyadh’s skyline or lush landscaped gardens, Fairmont Ramla Serviced Residences, Riyadh is the Kingdom’s first luxury serviced residence, designed for both business and leisure travelers. It offers a verdant and tranquil escape from the energy of Saudi Arabia’s most dynamic city.

Rolf Lippuner, Vice President, Operations for Middle East Fairmont Hotels & Resorts, stated: “Saudi Arabia’s hospitality landscape is evolving at an extraordinary pace, and Fairmont is honored to contribute to this exciting transformation. Having spent a significant part of my career in the Kingdom, I have witnessed its dynamic growth firsthand. I am proud to continue stewarding the success of our existing properties while preparing to welcome new Fairmont addresses to life. With its rich heritage and bold vision for the future, the Kingdom offers an unparalleled mix of genuine yet exceptional and cutting-edge innovation, providing the perfect backdrop for creating captivating and meaningful guest experiences.”

The series of openings aims to meet rising demand in the Kingdom’s key tourism and economic hubs, emphasizing Fairmont’s strategy to bring exceptional dining and outstanding locations, through heartfelt service, and the delivery of meaningful experiences.

The Saudi Data and Artificial Intelligence Authority (SDAIA), in collaboration with the Ministry of Education and the Ministry of Human Resources and Social Development, has invited citizens to register for the first national initiative titled “One Million Saudis in AI – SAMAI.”

SDAIA and the two ministries urged citizens of all ages and professional backgrounds to register for the initiative.

The SAMAI initiative aims to train one million Saudi men and women in artificial intelligence (AI) as part of efforts to develop national capabilities in line with the goals of Saudi Vision 2030. It will provide trainees with skills and knowledge in data and AI technologies, their applications and ethics, and practical training on tools needed to integrate AI into business and daily life. The initiative also aims to fulfill the leadership’s vision of positioning the Kingdom as a global leader in technology and innovation, while empowering Saudi citizens in advanced technological fields.

The SAMAI initiative was launched during the third Global AI Summit held in Riyadh in September 2023. The national initiative, the largest of its kind in the Kingdom, aims to empower a million Saudis to interact with a world led by AI, ensuring the building of a better future that enhances human capabilities.

The initiative constitutes a significant strategic step towards developing human capital in Saudi Arabia, achieving the aspirations of the leadership for the Kingdom to become a global leader in technology and innovation.

Governance of Emerging Technologies Summit (GETS 2025) concluded its conference reinforcing the UAE’s position as a leading force in shaping responsible, inclusive, and forward-looking technology governance. Hosted by the Advanced Technology Research Council (ATRC) in strategic partnership with the UAE Public Prosecution, the summit welcomed over 1,000 participants from more than 20 countries, including ministers, senior officials, technologists, legal experts, and business professionals.

HE Sarah bint Yousef Al Amiri, Minister of Education, remarked on the critical role of artificial intelligence in preparing future generations. She noted that fundamental technological transformations, particularly within AI, require accelerated efforts to prepare students and empower them with the necessary tools to contribute to the advancement of society. This, she added, also requires establishing ethical frameworks related to these technologies, enabling them to maximize their benefits and their applications in daily life.

Her Excellency explained: “Integrating AI concepts and tools into academic curriculum represents a strategic investment in building more resilient societies prepared for the demands of the future.” She emphasized that the education system in the UAE, based on its unwavering commitment to anticipating the future of education globally, has worked to incorporate AI into its curricula, which has been a pioneering and proactive step aimed at achieving a qualitative shift in the quality of educational outcomes and their readiness for the future.

In a keynote address, HE Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, underscored the UAE’s early investment in building a national AI ecosystem that prioritizes flexibility, responsibility, and competitiveness. “Guided by visionary leadership, the UAE recognized early on the importance of artificial intelligence and the need to shape its future through bold action and responsible governance. We have mobilized national capabilities, enacted forward-looking regulatory frameworks, and launched pioneering initiatives to stay ahead of rapid transformations and enhance our global competitiveness,” he said. “The UAE’s approach is rooted in flexibility, global collaboration, and the development of technologies that empower societies and drive responsible innovation. This summit reflects our national commitment, providing a global platform to advance policy dialogue and build a balanced international framework for governing advanced technologies.”

HE Maryam bint Ahmed Al Hammadi, Minister of State and Secretary General of the UAE Cabinet, reflected on the UAE’s long-term vision for governance. “Embedding responsible technology governance into national policy is not a short-term ambition. It is part of a broader commitment to shaping agile institutions, forward-looking legislation, and resilient societies capable of navigating the complexities of the digital age.”

Throughout the day, speakers tackled emerging policy challenges and opportunities across a wide range of sectors. Changpeng Zhao (CZ), Co-Founder of Binance and Giggle Academy, explored how regulatory systems can evolve to meet the demands of a decentralized Web3 landscape, while Dr. Najwa Aaraj, CEO of the Technology Innovation Institute, highlighted the dual imperative of innovation and resilience in an era shaped by AI and quantum disruption.

Sector-focused sessions delved into the role of AI in healthcare, civil defense, education, creative industries, and manufacturing. HE Dr Amin Hussain Al Amiri, Assistant Undersecretary of the Health Regulations Sector at the Ministry of Health and Prevention (MoHAP), along with representatives from NMC Healthcare and the Al Dhafra Youth Council, examined how governance frameworks must keep pace with the deployment of AI in clinical environments to ensure data protection and improved patient outcomes. In a separate session, leaders from Honeywell, BP, AIQ, and Coders Launchpad discussed the industrial transformation underway through smart manufacturing, and the safeguards needed to ensure responsible and secure deployment.

Creative sector governance was also in focus, as speakers from the National Library and Archives, Byteplus, and Lune Technologies addressed the risks and rights associated with generative AI and digital content ownership. The future of education was explored by a panel featuring HE Sarah bint Yousef Al Amiri, Minister of Education, alongside voices from Mohamed bin Zayed University of Artificial Intelligence, Abundance Studio, and Nobel Peace Prize laureate Lameen Abdul-Malik. Together, they emphasized the critical need to integrate tech governance into education systems to prepare the next generation of professionals.

Sessions also examined cybersecurity threats, regulation of quantum computing, and financial crime prevention in the digital era. Experts from ADIB, M-PESA, the UAE Space Agency, and CyberSage shed light on the evolving nature of cross-border risks, while global voices from INTERPOL, UNODC, and PwC stressed the urgency of multilateral collaboration in combating digital crimes and closing governance gaps. Christophe Legrand of PASQAL provided insight into the regulatory implications of quantum technologies, while Walter Pasquarelli of OECD.AI addressed the societal shifts triggered by synthetic realities.

The role of youth in co-authoring the future of tech governance was a key thread throughout the day, with active participation from the Dubai, Fujairah, Al Dhafra, and Umm Al Quwain Youth Councils. Their presence underscored the summit’s commitment to inclusive dialogue and intergenerational knowledge exchange.

In a culminating session, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS Research & Advisory, and Stephane Timpano, CEO of ASPIRE, shared exclusive insights drawn from two days of deliberation. They presented a strategic roadmap aimed at accelerating global coordination, ethical innovation, and institutional readiness for emerging technology governance.

Celebrating Progress and Partnership

The first day of the summit ended with a formal Gala Dinner hosted by the UAE Public Prosecution, bringing together dignitaries, speakers, and international partners. The evening served as both a celebration of collective achievement and a reaffirmation of the UAE’s commitment to shaping global conversations around advanced technologies with ethics, ambition, and shared purpose.

Global cloud communications platform Infobip has signed a multi-year partnership with the MoneyGram Haas F1 Team, helping the Team to create deeper connections with fans worldwide. Infobip’s technology will power a new era of digital engagement, delivering real-time, personalized experiences that bring fans closer to the action.

With a shared commitment to engineering excellence and innovation, the partnership brings together two performance-driven teams focused on pushing boundaries, on and off the track. Infobip, America’s leading messaging platform, will help the MoneyGram Haas F1 Team create richer, more interactive fan journeys combining platforms like Rich Communication Services (RCS), WhatsApp, and in-app messaging with the power of agentic AI.

Infobip’s rich messaging channels, such as RCS, are becoming increasingly popular, with demand surging in North America and globally.

These channels are well suited to deliver richer, more interactive experiences across every touchpoint, from marketing to fan engagement and customer support. Ultimately, Infobip’s technology will help the MoneyGram Haas F1 Team to connect with fans in new, personalized ways, driving loyalty on and off track. For example, fans could learn more about their favourite driver through conversational AI, which would answer questions and provide interactions over WhatsApp and other messaging platforms.

Infobip is Croatia’s first unicorn company with revenue exceeding €1.8 billion in 2024. It provides communications tools to some of world’s biggest online companies such as Google and Uber, enabling customers to leverage various channels like WhatsApp, RCS and Apple Messages for Business.

It is also heavily involved in the automotive sector, helping manufacturers like Toyota, Nissan, and Mahindra transform the customer experience during the purchasing process using AI.

The partnership with America’s only Formula 1 Team, headquartered in Kannapolis, North Carolina, will begin at the Miami Grand Prix on 2-4 May and continue throughout the season.

The MoneyGram Haas F1 Team, currently sixth overall in the Constructors’ Championship, returns to the Miami Grand Prix for Round 6 of the 2025 FIA Formula 1 World Championship – hosted at the Miami International Autodrome in Miami, Florida, 2-4 May.

Ayao Komatsu, Team Principal at the MoneyGram Haas F1 Team, said: “As an engineering firm at heart, Infobip understands what it takes to continue to innovate and deliver results week in, week out. Infobip has grown quickly and has become a global leader. Such drive is something we appreciate, given our ambitions as a team with a growing global fanbase.”

Ivan Ostojić, Chief Business Officer at Infobip, said: “From Austin to Miami, Infobip helps brands stay in pole position by providing rich conversational experiences that enhance customer loyalty and drive growth. Our data shows that RCS traffic has grown exponentially over the last two years in North America and globally, and the channel has the potential to be transformational for customers. By supporting the team in using such channels and providing richer and more interactive experiences, we will help bring fans closer to the action.”

London Business School (LBS) hosted its 22nd Annual MENA Conference at the School’s London campus. The conference is a landmark gathering that continues to shape conversations around innovation, entrepreneurship, investment, and impact in the Middle East and North Africa (MENA) region. Held on May 3, 2025, this year’s conference built on a proud legacy of insight, dialogue, and regional leadership.

For over two decades, LBS has proudly hosted the region’s foremost MENA-focused conference, uniting influential voices from across the Middle East and North Africa. This flagship event has evolved into a cornerstone for intellectual exchange, bringing together senior policymakers, business leaders, and changemakers to explore the most pressing regional and global challenges. Year after year, the LBS Annual MENA Conference draws a distinguished audience of leaders, diplomats, academics, industry experts, and students committed to shaping the region’s future.

With a spotlight on transformative progress, the 2025 conference theme, “Beyond Visions: Inspiring Change, Creating Impact”, reflected the region’s dynamic shift from ambition to execution where innovation, private capital, and entrepreneurial spirit converge to create tangible, lasting value.

“This year’s MENA Conference captured the region’s growing momentum where bold visions are turning into real-world impact,” said Florin Vasvari, Executive Dean of Executive Education, Middle East, at London Business School. “More than just a platform for thought leadership, the conference continues to serve as a catalyst for meaningful connections and cross-border collaborations. By bridging the global perspectives of our school, the conference contributes to the region’s transformation.”

The conference agenda this year spanned three thematic pillars:

• Innovation & Digital Transformation, including AI’s role in shaping industries and the future of work
• Investments & Capital, focusing on public-private partnerships, regulatory evolution, and global capital flows
• Entrepreneurship, highlighting the rise of regional unicorns, fintech pioneers, and inclusive innovation

The event headlined by H.E. Dr. Nabeel Koshak, CEO of Saudi Venture Capital Company and sponsored by KAPSARC and SEDCO Holding featured a curated selection of panels, fireside chats, and keynote conversations.

With a legacy of hosting Presidents, Royals, Ministers, C-Suite executives, and iconic changemakers, the conference continues to attract a global audience of investors, academics, policymakers, and future leaders. High-profile speakers from institutions like SEDCO Holding, BCG, The Economist, Actis, Raed Ventures, and Salla shared perspectives on capital allocation, AI disruption, ecosystem building, and inclusive leadership across MENA. Past speakers have included H.M. Queen Rania of Jordan, H.H. Sheikh Mohammad Al-Sabah, and Mr. Naguib Sawiris, among others.

A diverse range of voices from visionary founders and fintech innovators to digital transformation leaders and champions of inclusive growth took the stage. With compelling sessions such as “Fintech Frontiers”, “Women Reshaping MENA’s Business Landscape”, and “Scaling MENA’s Startups to Global Unicorns”, the conference promised inspiration, insight, and forward-looking dialogue.

Organized by the region’s future leaders, who are also current students at London Business School, the 2025 Conference was chaired by Omar Hashim, the MENA Club President, and Vice-President, Fatima AlMesaieid with a broader organizing committee drawn from across the Gulf and North Africa representing a wide range of industries from private equity and consulting to tech, healthcare, and academia.

As part of its ongoing commitment to the region, LBS will soon open an executive office in Riyadh, which will strengthen the School’s deepening relationships with organizations and leadership in Saudi Arabia. This office will enable LBS to further engage with the Kingdom’s Vision 2030 goals and expand access to world-class executive education, which is critical to shaping the region’s future. The opening of the Riyadh office aligns perfectly with the discussions and momentum from the LBS Annual MENA Conference, creating new opportunities for collaboration, knowledge sharing, and leadership development in Saudi Arabia and the broader MENA region.

The UAE Ministry of Foreign Affairs (MoFA) has announced the lifting of the travel ban on UAE nationals visiting Lebanon.

Travel will be permitted as of May 7, 2025.

The announcement follows the official visit of Joseph Aoun, President of Lebanon, to the UAE and his meeting with President HH Sheikh Mohamed bin Zayed Al Nahyan.

His Highness Sheikh Mohamed bin Zayed and President Aoun agreed to reinstate travel for citizens after taking necessary procedures and mechanisms to ease movement between the two nations.

Travel requirements and guidelines:

* UAE nationals must ensure they register with MoFA’s Twajudi service prior to departure, whether travelling directly from UAE airports or via third countries. Registration is mandatory, and travellers must also notify authorities of their return through the same platform.

* UAE nationals will not be permitted to depart through UAE airports unless they have completed Twajudi registration. Non-compliance may result in delays or legal liability.

* MoFA urges UAE nationals to provide complete and accurate information, including their intended address in Lebanon, contact details for emergencies, and the purpose of travel. Any changes must be promptly updated. Failure to register or update one’s residential information may lead to legal consequences.

* MoFA underscores the importance of adhering to these procedures to ensure the safety and well-being of UAE nationals abroad.

In a move reflecting the commitment of the United Arab Emirates to support sustainable development and enhance cooperation between countries around the world, Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, and Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, witnessed a high-level ministerial meeting hosted by Etihad Rail in Abu Dhabi.

The meeting was attended by Shadi Malak, Chief Executive Officer of Etihad Rail and saw official representation from five African countries, with the participation of high-ranking representatives from the Ministries of Transport, Infrastructure, Trade, and Industry in Kenya, Chad, South Sudan, Uganda, and Cameroon.

The ministerial meeting was held in partnership between the Ministry of Foreign Affairs, the Ministry of Energy and Infrastructure, and Etihad Rail, with the aim of building long-term strategic relationships with African countries in the fields of transport, infrastructure, logistics, and railways.

The meeting also included discussion of Etihad Rail’s projects, in its capacity as the developer and operator of the national railway network in the UAE. Participants reviewed the lessons learned from the UAE’s experience in developing an integrated railway system, including the successful operation of the freight train for more than two years nationwide. They also explored ways to leverage this experience in the countries participating in the meeting.

The meeting was attended by Madut Biar Yel, Minister of Transport in South Sudan; Mathieu Guibolo Fanga, Minister of Trade and Industry in Chad; Davis Chirchir, Cabinet Secretary in the Ministry of Roads and Transport in Kenya; Dr. Richard Sendi Nyunzi Hans, Assistant Under-Secretary, Head of Planning and Strategy Department, Standard Gauge Railway Project, Ministry of Works and Transport in Uganda; and Claude Ntone, General Director of Railways at the Ministry of Transport in Cameroon, who attended virtually.

During the meeting, Sheikh Shakhboot bin Nahyan Al Nahyan and Suhail Al Mazrouei witnessed the exchange of two Memorandums of Understanding between Etihad Rail and the Ministry of Transport in the Republic of South Sudan, and Ministry of Trade and Industry in the Republic of Chad.

These MoUs aim to strengthen cooperation frameworks between the parties, particularly in the railway sector, infrastructure projects, and the transfer of expertise and knowledge exchange to enhance transport systems. This includes a feasibility study related to the development of railway, logistics, and infrastructure projects in the countries participating in the meeting.

In this regard, Sheikh Shakhboot bin Nahyan Al Nahyan said, “Such partnerships represent an extension of the vision of the United Arab Emirates in extending bridges of cooperation with its partners in the countries of the African continent, not only through the transfer of knowledge and exchange of experiences, but also through supporting infrastructure projects and developing the transport and logistics sectors in a way that serves the goals of national and regional development. We are firmly convinced that integration in these sectors is a fundamental pillar of economic growth, and we are proud that the UAE is a reliable partner in this ambitious journey that serves the interests of all parties involved.”

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, affirmed that the railway transport sector is a pivotal pillar in building modern economies that shape the future. He pointed out that the UAE, based on its forward-looking vision, is working through Etihad Rail to build an integrated national transport system that connects the various emirates and regions of the country, and is a model to be emulated in the fields of logistics, sustainability, and operational efficiency.

He added, “The UAE’s cooperation with African countries in this vital sector embodies its deep belief in the importance of international partnership and joint action. It also enhances the development of strategic international projects that contribute to achieving sustainable economic and social gains for all parties, consolidating the UAE’s position as an active partner in supporting regional and global development.”

Etihad Rail has developed the UAE’s national railway network, contributing significantly to the advancement of the transport system within the country. Establishing itself as a cornerstone of the transportation sector, actively driving economic growth and supporting the nation’s comprehensive development.

Under the esteemed patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, Abu Dhabi is set to host the inaugural Governance of Emerging Technologies Summit (GETS 2025) on May 5–6 at the St. Regis Saadiyat Island Resort. Organized by the Advanced Technology Research Council (ATRC) in strategic partnership with the UAE Public Prosecution, this landmark event aims to shape the future of technology governance on a global scale.

GETS 2025 arrives at a pivotal moment as the world grapples with rapid advancements in artificial intelligence (AI), quantum computing, and Web3 technologies. The summit seeks to establish robust governance frameworks that balance innovation with the protection of societal rights, bringing together over 500 leaders from government, industry, academia, and civil society to foster inclusive dialogue and collaborative solutions.

His Excellency Faisal Al Bannai, Advisor to the UAE President for Strategic Research and Advanced Technology Affairs and Secretary General of ATRC, emphasised the summit’s significance: “Innovation without ambitious governance lacks sustainability. Through GETS 2025, the UAE reaffirms its belief that technological leadership must be coupled with ethical and inclusive policies that build trust and advance global human progress.”

Echoing this sentiment, His Excellency Chancellor Dr Hamad Saif Al Shamsi, UAE Attorney General, stated: “Amidst the global technological surge, we bear the responsibility of constructing a smart judicial system capable of safeguarding rights and ensuring justice. GETS 2025 presents an opportunity to reaffirm our commitment to developing responsive legislation and innovative governance that support societal advancement and uphold human dignity in the digital age.”

His Excellency Dr Sultan bin Saif Al Neyadi, Minister of State for Youth Affairs, highlighted the role of youth in shaping technological governance: “The future of technology governance should be crafted by minds attuned to its evolution. Our youth possess the creativity, confidence, and responsibility required for leadership. At GETS 2025, we aim to empower young individuals to lead discussions and make decisions that will lay the ethical foundations of our digital future.”

The summit aligns with the UAE’s strategic investments exceeding AED 13 billion to accelerate AI and digital economy initiatives, reflecting a clear commitment to integrating AI into legislation, procedures, and government services.

Distinguished attendees include HE Faisal Al Bannai; Advisor to the UAE President for Strategic Research and Advanced Technology Affairs and Secretary General of ATRC; HE Chancellor Dr Hamad Saif Al Shamsi, UAE Attorney General; HE Sarah bint Yousif Al Amiri, Minister of Education; HE Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications; HE Maryam bint Ahmed Al Hammadi, Minister of State and Secretary General of the UAE Cabinet, HE Dr Sultan bin Saif Al Neyadi, Minister of State for Youth Affairs; HE Dr Mohammed Al Kuwaiti, Head of UAE Cybersecurity Council; HE Maqsoud Kruse, Chairman of the National Human Rights Institution; HE Dr Mohammed Obaid Al Kaabi, Chairman of the Sharjah Judicial Department; HE Dr Amin Al Amiri, Assistant Undersecretary for the Health Regulation Sector at the Ministry of Health and Prevention.

The summit will feature over 50 prominent experts, including Salem Ali Jumaa Al Zaabi, Head of Public Prosecution at the UAE Attorney General’s Office; Dr Najwa Al Araj, CEO of the Technology Innovation Institute, Dr Mohammed Abdullah Al Ali; CEO of Trends Research & Advisory, HE Hamad Saif Al Kaabi; Director of Hazardous Materials Incidents and Official Spokesperson for the National Emergency Crisis and Disaster Management Authority; Dr Hamad Abdullah Al Mutairi, Director of Archives Department at the National Library and Archives; Ambassador Mamuka Jgenti, Senior Expert in Justice and Civil Society at the EU Global Facility on Anti-Money Laundering and Countering the Financing of Terrorism; Lt Col Dana Hamid Al Marzouqi, Chair of the Governance Committee at INTERPOL and Director General of the International Affairs Office at the Ministry of Interior; Changpeng Zhao, Founder of Binance; Christophe Legrand, Executive Vice President of PASQAL; Marc Rotenberg, Founder of the Center for AI and Digital Policy; Gabriele Mazzini, Principal Architect of the EU AI Act; Naima Hizir Al Falasi, Senior Vice President of Portfolio Strategy at Mubadala; Ali Haidar, Head of Legal and Government Affairs at Microsoft UAE; Nabil Cheqroun, Chief Commercial Officer at Honeywell; Prof Rabii Madi, Director of Robotic Surgery at Cleveland Clinic; Dr Ibtisam Al Mazrouei, Founder and CEO of AIE3, and Chair of the UN AI for Impact Initiative; Dr Nasser Al Rashidi, Director of Space Policy and Legislation at the UAE Space Agency, Advisory Board Member at Mohamed bin Zayed University of Artificial Intelligence, and CEO of 5IR Consultancy.

Key topics to be addressed include AI governance, digital privacy and rights, cross-border enforcement, cybersecurity in the post-quantum era, and the role of emerging nations in setting global standards.

GETS 2025 represents a strategic initiative to unify efforts across governments, academia, and the private sector, aiming to develop practical and ethical solutions that protect communities and foster technological advancement in an ever-evolving world.

ODAS Global Consulting, a prominent UK-based consultancy firm with growing operations across the GCC, has launched its new Associate Program, an initiative designed to foster high-value partnerships across the UAE and the wider MENA region.

As the Gulf region continues its dynamic journey of economic diversification and international engagement, ODAS Global Consulting’s Associate Program is designed to promote global partnerships and improve access to advanced financial solutions.

The program enables business professionals, consultants, and introducers across the Gulf to collaborate directly with ODAS Global Consulting and gain access to bespoke financial solutions, global networks, and strategic tools essential for modern economic development. This initiative underscores ODAS’s commitment to empowering regional talent and supporting sustainable growth through innovation and collaboration.

“The Gulf region represents a critical hub for financial innovation and strategic investment,” said Ionut Dragos Onescu, CEO of ODAS Global Consulting LTD. “Our Associate Program is about building strong local partnerships while giving professionals in the region access to global-level resources and advisory services.”

ODAS’s services include Standby Letters of Credit (SBLCs), Letters of Credit (LCs), project financing, investment structuring, and business development consulting, all designed to support growing enterprises, infrastructure projects, and institutional investments.

By offering flexible collaboration models, commission-based structures, and access to experienced financial strategists, the Associate Program positions ODAS Global Consulting LTD as a bridge between global capital and regional opportunity.

The initiative not only supports business professionals in expanding their service offerings but also strengthens ODAS’s presence in key Gulf markets such as Dubai, Abu Dhabi, Riyadh, and Doha.

Key Benefits of the Associate Program:

• Partnership with a globally recognized financial consultancy
• Access to SBLCs, LCs, monetization, project development, and investment tools
• Support in navigating complex transactions and expanding client portfolios
• Brand alignment with a trusted international player
• High flexibility and long-term collaboration opportunities

ODAS Global Consulting LTD believes in the power of regional partnerships to shape the future of finance and business. The Associate Program is a key part of its strategy to contribute to the Middle East’s rise as a global investment and innovation powerhouse.

Chelsea Football Club has today announced a new, long-term global partnership with Dubai-headquartered DAMAC Properties, which has been at the forefront of the Middle East’s luxury real estate market.

In addition, an ultra-modern development, Chelsea Residences by DAMAC, is being designed and launched in partnership with Chelsea FC in Dubai, slated to be the first of its kind football-themed branded residences. The new development will be built with Chelsea Football Club’s famous brand woven into the fabric, from its concierge service to its high-performance spaces. It will reflect the very best of Chelsea FC both in terms of high-end style, commitment to excellence and vision for the future.

To showcase this groundbreaking, global partnership and celebrate the launch of the first-ever Chelsea football club branded residences, DAMAC Properties will feature on Chelsea FC men’s and women’s shirts for the remainder of the 24/25 season, with its debut at the men’s UEFA Conference league semi-final fixture against Djurgården this Thursday 1st May.

Amira Sajwani, Managing Director of Sales & Development of DAMAC Properties said: “This launch marks the first of an elite collection that celebrates not just the passion of Chelsea FC but its enduring legacy, innovative spirit and relentless pursuit of excellence. This initiative goes beyond celebrating the beautiful game; it sets a new benchmark for those who expect nothing less than the exceptional, every time.”

Jason Gannon, President and COO of Chelsea Football Club said: “DAMAC are world renowned in building luxury properties, and we are thrilled to be working with the industry leader to bring to market a first of its kind branded Chelsea FC residence in Dubai. With the club located in the heart of London, the collaboration will bring Chelsea to life in Dubai, supporting our continued growth on the global stage. We can’t wait to see Chelsea Residences take its place in the Dubai skyline.”

Located in Dubai’s newest beachfront address, Maritime City, Chelsea Residences by DAMAC is a unique project that will consist of 1,400+ residential units. Each residence will have incredible seafront views along with access to the exclusive Chelsea-branded amenities that place health, fitness and wellbeing at the heart of its offering.