Exclusive Tech The Dubai startup with smart contact lenses in its sights In 1508, Leonardo Da Vinci sketched the concept of contact lenses in his Codex of the Eye, laying the groundwork for enhancing human sight. Fast forward a few centuries, and this early idea has evolved dramatically. Today’s contact lenses are on the brink of another step forward. New technology goes beyond correcting vision to display […] December 2, 2023
Sustainability World leaders unite after UN secretary general’s warning United Nations general secretary António Guterres has issued a call to arms for hydrocarbon producers across the world and appealed for them to “lead the transition to renewables”. In his address at the opening ceremony of the UN Cop28 in Dubai on Friday morning, Guterres likened the climate challenge to a sickness that only global […] December 1, 2023
Opinion Sustainability Heat, thirst and famine: lessons from Day 1 of Cop28 Dubai's Expo 2020 site pulled it off on opening day, despite some logistical challenges December 1, 2023
Sustainability BlackRock targets ‘repair and prepare’ climate investments BlackRock, one of the largest fund managers in the world, has identified investment opportunities in companies that are preparing for or repairing climate-related damage. UAE President Sheikh Mohammed Bin Zayed has also announced that the government is to launch a $30 billion climate-related investment fund with asset management companies BlackRock, TPG and Brookfield announced as inaugural […] December 1, 2023
Energy Al Jaber flags ‘strong views’ and calls for collaboration Cop28 president Sultan Al Jaber told delegates at the opening of the global climate change conference in Dubai that he was aware that there were “strong views” about the inclusion of fossil fuel companies in the discussions. In his opening remarks, the Emirati head, who is also chief executive of the state oil company Adnoc, […] November 30, 2023
Construction Atlantis may expand further in Palm Jumeirah Resort group Atlantis Global is “looking at different options” to expand its Dubai footprint further, despite president Tim Kelly predicting a drop in room rates across the emirate. The company operates the Atlantis The Palm resort at the tip of Palm Jumeirah, and opened the neighbouring Atlantis The Royal property in February this year, at […] November 30, 2023
Video length: 03:41 VIDEO Sustainability Cop28: Everything you need to know What is a Cop? The Conference of the Parties is the decision-making body of the UN Framework Convention on Climate Change. The annual Cop summits bring together the 198 parties – 197 nations plus the European Union – that signed the UN convention to combat “dangerous human interference with the climate system”. The first Cop […] November 28, 2023
Logistics Last-mile delivery drives growth in logistics sector Last-mile delivery is recording strong growth in the Mena logistics sector, which itself is receiving substantial funding in the region. Logistics was the third highest-funded sector in the Mena region last year, amounting to $362 million, according to data from advisory service and investor Wamda. Wize, a logistics startup in Dubai which specialises in last-mile […] November 28, 2023
Opinion Sustainability Africa should be a prime focus for Cop28 policymakers The continent's climate needs mean it should be seen as a special case November 27, 2023
Opinion Sustainability What Cop28 can learn from the World Economic Forum Davos meets Dubai on the climate change debate November 24, 2023
Analysis Trade Raiven launches fund to strengthen UAE-Canada ties Raiven Capital, a venture capital company based in Toronto, has launched a new $125 million fund in Dubai with a focus on tech-based founders. The fund, set up in Dubai International Financial Centre (DIFC), will invest in entrepreneurs developing artificial intelligence to disrupt sectors including fintech and cybersecurity. “Raiven has ambitious plans for the region […] November 23, 2023
Finance Dubai’s investment arm almost doubles profits Transport and finance have helped the Dubai government’s investment body almost double profits for the first half of the year. Investment Corporation of Dubai (ICD) reported an 86 percent rise in first-half net profit on Thursday as earnings from its financial services and transportation divisions surged. ICD, which is the Dubai government’s main investment unit, […] November 23, 2023
Analysis Real Estate Investors favour Emaar for Dubai property returns Dubai’s residential property sector rebound has reaped huge profits for the emirate’s developers and landlords. Yet for equity traders, there is really only one investible conglomerate: Emaar Properties and its subsidiary, Emaar Development. There has been upheaval among second-tier developers listed on Dubai’s bourse, while the other major players, such as Nakheel, Dubai Properties and […] November 22, 2023
Renewable Energy Expo City Dubai set to be powered by renewables Expo City Dubai, which will host the Cop28 summit shortly, will eventually be fully powered by renewables, as the UAE moves to achieve net-zero emissions by 2050. Expanding on Expo City’s current on-site renewable energy capacity, Dewa, the Dubai Electricity and Water Authority, will permanently provide solar energy to the entire Expo City site through […] November 22, 2023
Leisure & Hospitality Cop28 brings big boost in occupancy for UAE hotels Hotels in the UAE are expected to see double-digit growth in occupancy rates over the next month as they prepare to welcome tens of thousands of Cop28 attendees. More than 70,000 participants, including world leaders, non-government organisations, private sector representatives, indigenous peoples and young people are scheduled to attend the 28th annual iteration of the […] November 21, 2023
Finance Dubai Taxi’s market value forecast at $1.25bn on listing Dubai Taxi Company, a unit of the state-owned Roads and Transport Authority, has set the price range for its initial public offering (IPO) at AED1.80 to AED1.85 ($0.49 to $ 0.50) per share. This gives a market capitalisation of between AED4.5 billion and AED4.6 billion at the time of listing. The subscription period for retail […] November 21, 2023
Opinion Sustainability This year’s Cop will be the most complex yet The UAE’s Cop28 agenda will tackle thorny but imperative issues November 20, 2023
Dubai Airshow Aviation Passengers go premium as first class popularity wanes One of the key themes from this week’s Dubai Airshow was the fact that while first-class commercial travel will continue to be an option for Gulf carriers, its allure has waned, amidst an industry-wide shift towards premium economy. Emirates airline, the Dubai-based flag carrier, is spending significant resources on premium economy as part of a […] November 19, 2023
Video length: 01:03 AGBI AI EVENT Tech AI can redefine customer experience, say experts Artificial intelligence has the potential to transform the customer experience, said a panel of leading experts during a special reception hosted by Arabian Gulf Business Insight (AGBI). The exclusive invite-only event, sponsored by Oliver Wyman at the Capital Club Dubai on November 15, welcomed an audience of senior business leaders from across the UAE to […] November 16, 2023
Dubai Airshow Aviation Emirates reaches deal with Airbus for 15 new aircraft Emirates Airline appears to have reached a compromise with French plane manufacturer Airbus over the latter’s Rolls-Royce engines after the Dubai-based carrier announced an order of 15 Trent XWB-84 powered A350-900 aircraft. The $6 billion deal was revealed at Dubai Airshow just days after both Emirates president Tim Clark and chairman and chief executive Sheikh […] November 16, 2023
