UAE-based big data analytics and AI company Presight expands into Central Asia with a new Astana office
Technology
DFSA
Dubai’s DFSA tokenisation sandbox receives 96 applications from financial firms
The sandbox, part of the DFSA’s Innovation Testing Licence programme, aims to enhance innovation while maintaining market integrity and protecting investors
Artificial intelligence
Saudi Arabia’s PIF launches HUMAIN to develop AI ecosystem
The Saudi Crown Prince, who will chair the company’s board of directors, stated that HUMAIN will provide a range of AI services, products and tools
digital economy
Dubai Chamber of Digital Economy supported 127 startups with launch or expansion in Q1
Dubai Chamber of Digital Economy sees significant increase in startup support to start 2025
Abu Dhabi
noon, Urban Company launch home services in UAE, Saudi Arabia
The partnership enables noon users to book, manage and schedule a range of home services through the platform, including cleaning, repairs and personal care services
Dubai
Dubai launches shared digital channels initiative for unified government services
The initiative aims to simplify access to services for residents, businesses and visitors through integrated platforms in Dubai
Ray-Ban
Ray-Ban Meta smart glasses makes UAE debut on May 12
The Ray-Ban Meta smart glasses include a 12 MP ultra-wide camera that captures photos and 1080p videos in portrait orientation
Brand View
Dubai to host HODL Summit 2025
World’s longest-running web3 and crypto conference returns with global leaders, $1 million start-up challenge
eToro
eToro integrates UAE PASS to speed up user onboarding
UAE residents can now join eToro in minutes, with identity and address details verified via UAE PASS
Connectivity
Space42 partners with Gatehouse to enable standard smartphone satellite connectivity
UAE-based spacetech firm Space42 successfully demonstrates direct-to-device connectivity over L-band satellites, plans commercial rollout in Q4 2025
cloud computing
Inside the UAE’s tech-powered economic transformation
With IT services adoption soaring across manufacturing, logistics, real estate, and education, experts predict a transformational decade ahead for the UAE’s digital economy
Artificial intelligence
Inside IBM’s AI playbook: Why productivity, not hype, is driving the conversation
As global firms race to define their AI futures, IBM is quietly delivering billions in real-world returns – and setting a new benchmark for responsible innovation
Abu Dhabi
Presight’s strongest quarter to date delivers $153.5mn revenue in Q1
Abu Dhabi company accelerating global AI leadership as revenue grows 115%; multi-year contracts account for 98.8% of total revenue
airport security checks
Dubai International Airport upgrades security with advanced Smiths Detection screening technology
Smiths Detection to install HI-SCAN 6040 CTiX scanners across DXB terminals, marking significant upgrade in airport screening capabilities
Du
Subscriber base increase, cost optimisation drive du’s Q1 profit
Net profit jumps 19.8% to $196.6mn as revenue crosses $1bn mark; EBITDA grows 15% to $490mn with an EBITDA margin of 47.4%
Artificial intelligence
NEOM to invest in MemryX’s energy-efficient semiconductors business
NEOM Investment Fund adds the Michigan startup to its portfolio; NEOM will deploy the next-generation, energy-efficient edge AI accelerators
Expo City Dubai
Yango launches Dubai robot food delivery in Expo City
Expo City Dubai restaurants set to offer robot food delivery service