Dubai

WeRide Inc. (NASDAQ:WRD), in an exchange filing on Monday, announced a significant move to advance autonomous transportation in the Middle East by partnering with Dubai’s Roads and Transport Authority (RTA) and Uber Technologies Inc. (NYSE:UBER). The three parties signed a Memorandum of...

Autonomous driving company Pony AI Inc. (NASDAQ:PONY) has announced it has signed an MoU with Dubai Government's Roads and Transport Authority (RTA) to deploy its autonomous taxi fleet in the Emirate. What Happened: The Tesla Inc. (NASDAQ:TSLA) rival shared the announcement in an official statement...

The Dubai Land Department launched an XRP Ledger (CRYPTO: XRP)-based tokenized real estate platform on Sunday as part of a government-backed initiative to digitize real estate in the Emirati city. What Happened: The government-run entity collaborated with real estate fintech firm...

Media and theme park giant Walt Disney Co (NYSE:DIS) is headed to Abu Dhabi, United Arab Emirates, with a new theme park coming. The new theme park resort set for Yas Island will be the seventh major theme park under the Disney name. Here's a look back at Disney's past theme park openings and how...

Dubai has announced the construction of a “Crypto Tower” to accommodate businesses operating in the blockchain sector. What Happened: According to reporting from the Khaleej Times on Wednesday, the Dubai Multi Commodities Centre (DMCC) is aiming to foster the digital asset ecosystem in...

Entrepreneur and investor Matt Higgins becomes the first shark on the U.S. and Dubai versions of the hit "Shark Tank" franchise, a show that allows investors to pitch their ideas to raise money from a panel of investors. Shark Tank Dubai: Higgins joins "Shark Tank Dubai" for the second season as a...

SolarWinds Corp (NYSE:SWI) is eyeing a new office in Saudi Arabia’s Riyadh in 2025, citing its requirements for sophisticated technology and investment rates. The enterprise software developer reported double-digit growth annually since it opened an office in Dubai in 2022, Bloomberg cited...

A retired Navy veteran from Covington, Georgia, is facing an uncertain legal situation in Dubai after being arrested for possessing medically prescribed CBD pills. Charles Wimberly, 52, was detained at a Dubai airport on September 27 when officials discovered the pills during a security check as...

A senior ally of Russian President Vladimir Putin claimed on Tuesday that Washington orchestrated the French arrest of Pavel Durov, the founder and CEO of Telegram, a messaging platform essential for communication in the Ukraine war. Additionally, the United Arab Emirates has formally requested...

Stake, a Dubai-based digital platform for real estate investment, has successfully raised $14 million in its Series A funding round. The investment was led by Saudi Aramco‘s venture capital arm and Abu Dhabi’s sovereign wealth fund, Mubadala Investment Co. Why It Matters: The Series A...

The MANTRA (CRYPTO: OM) token has experienced a significant surge in the last 24 hours, with its value rising to $1.07. This spike follows a recent development involving a partnership with a bank in the UAE. What Happened: MANTRA surged by 18.58% following a recent agreement between Zand Bank and...

A unit of Saudi Arabia’s sovereign wealth fund, Jada, has invested in a $250 million health fund. This investment is expected to play a pivotal role in the kingdom’s healthcare industry. What Happened: The fund, named Afiyah, will focus on the healthcare sector in Saudi Arabia. The fund...

In a recent development, the United Arab Emirates (UAE) has sealed a $5.5 billion deal with Hungary to revamp a Budapest neighborhood, infusing it with a touch of Dubai’s opulence. What Happened: The deal, signed on Wednesday, will see the UAE collaborating with the Hungarian government to...

In a bid to capitalize on the thriving real estate market in Dubai, Emaar Properties is set to invest a whopping $21 billion in two high-end residential projects. The move comes as the city’s property prices and rents approach record levels. What Happened: Emaar, renowned for constructing the...

California-based Joby Aviation, Inc. (NYSE:JOBY) on Sunday said that it has agreed with Dubai Road and Transport Authority to launch an all-electric air taxi service in the United Arab Emirates (UAE). What Happened: Joby is aiming to launch services in UAE by early 2026 at Dubai International...