CBUAE stats say demand deposits grew to $320bn, savings deposits to $97.91bn, while time deposits exceeded AED1tn for first time
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Abu Dhabi
Masdar’s global clean energy portfolio grows 62% in 2024 to reach 51GW
Already halfway to its 2030 target of 100GW with operational, under-construction, and advanced pipeline capacity, fuelled by global acquisitions
AI
CE-Ventures backs $100m nuclear startup for AI power
CE-Ventures joins $100m Series B for US nuclear startup Aalo Atomics, building modular reactors to power AI data centres and reach criticality by 2026
Lenovo
Lenovo’s Saudi expansion to add $10bn to non-oil GDP with new Riyadh HQ in Al Majdoul Tower
Lenovo to open Riyadh HQ in Al Majdoul Tower and launch a Saudi manufacturing facility, projecting up to $10bn boost to non-oil GDP by 2030
Aviation
Saudi Arabia grants VistaJet license for domestic private flights
Saudi Arabia’s GACA grants VistaJet the first foreign operator certificate for private domestic flights, a milestone in Vision 2030 aviation goals
abu dhabi start-ups
Presight launches AI-Startup Accelerator in Abu Dhabi with 10 global teams
Presight launches its first AI-Startup Accelerator in Abu Dhabi with 10 global startups, aiming to scale real-world AI solutions and showcase at GITEX 2025
Saudi visas
Saudi Arabia launches Umrah visa platform for international pilgrims
Saudi Arabia launches Nusuk Umrah platform, allowing international pilgrims to apply for visas, book hotels, transport, and services online with ease
Abu Dhabi real estate
Private Department of Sheikh Mohamed Bin Khalid Al Nahyan secures $816m real estate financing
The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan secures AED 3bn ($816m) syndicated real estate financing, strengthening its UAE property portfolio
AI readiness
Saudi Arabia ranks among top emerging economies in AI readiness
By aiming to attract $20bn in investments and developing regulatory frameworks, the Kingdom is positioning itself at the forefront of AI innovation
Emiratisation
UAE cracks down on 405 cases of ‘Fake Emiratisation’ in private companies, says MoHRE
MoHRE uncovers 405 cases of ‘Fake Emiratisation’ in UAE private firms in H1 2025 and takes legal action against companies violating Emiratisation policies
Dino Varkey
GEMS Education welcomes 1,700 new teachers in Dubai as Sunny Varkey declares 2025 a ‘turning point’
GEMS Education hires 1,700 new teachers in Dubai as Sunny Varkey calls 2025 a “turning point” for schools, learning innovation, and student success
Dubai real estate
Dubai real estate hits $17.3bn in July 2025 sales as off-plan demand soars; 10 top communities revealed
Dubai real estate sales hit $17.3bn in July 2025, driven by off-plan demand. See the 10 most in-demand communities and top projects
Dubai real estate
Dubai real estate: Emirates Hills mansion sells for record $71m
Eden Realty sets a Dubai record with the sale of an Emirates Hills villa for $71m, the highest ever single-plot deal in the luxury community
Sharjah Collection
Sharjah’s Shurooq invests $81.7mn in luxury eco-retreats promoting wellness and slow travel
The Sharjah Collection features seven retreats with over 150 high-end units in stunning locations, connecting to the emirate’s landscapes and heritage
AstroLabs
The Hospitality Network expands Saudi business with new Riyadh office
It will enable THN to stage meaningful conversations, forge new partnerships, and tailor its solutions to help stakeholders keep pace with the changes
manufacturing
India’s VVDN to open electronics manufacturing plant in UAE in global push
VVDN said the UAE site was chosen for its strategic location between East and West, enabling easier access to markets in the US, Europe and MENA
Donald Trump
Trump launches official White House TikTok account despite federal ban law
The move marks a sharp reversal for Trump, who tried to ban TikTok during his first term in office
