Author: Arabian Media staff
Image: Supplied Dubai’s co-working scene is crowded, but AXD Space stands out as something different—part workspace, part incubator, and part launchpad for founders who want more than a desk and Wi-Fi. The venture brings together mentorship, licensing-ready offices, and a curated network designed to help startups scale faster and smarter. Here, Ayman Al Awadhi, co-founder of AXD Space and executive director of Global Chamber UAE, shares how his venture is rethinking the role of workspaces in Dubai’s innovation economy and why the future belongs to ecosystems, not just offices. Dubai already has plenty of co-working spaces. Where does AXD Space…
Qatar recorded a budget deficit of 1.4 billion riyals ($373.29m) in the third quarter of 2025, which was financed through debt instruments, the finance ministry said on Thursday. Total revenue fell 4 percent year-on-year in the quarter from the prior year period, to 49.2 billion riyals, while spending was at 50.6 billion riyals, 1.2 per cent lower than last year, according to government data. Oil prices averaged around $68 per barrel during the quarter. Qatar, among the world’s top exporters of liquefied natural gas, raised $4bn from debt markets earlier this month, which attracted hefty demand from global investors. It also recorded a deficit…
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Tell us about Gllit’s business model. Gllit is a proptech company that is pioneering a direct-to-owner model in the UAE that provides enhanced benefits by allowing homebuyers and tenants to connect directly with sellers and landlords. Gllit’s agent-free model essentially makes real estate transactions more cost effective, efficient, and transparent for everyone by eliminating third-party commissions. We call this the ‘new-gen way’ of buying, selling, and renting property — smarter, simpler, and more transparent for everyone involved. The ‘new-gen way’ approach is driven by a clear shift in market dynamics where a younger, digitally savvy generation is steadily expanding their…
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Image: Supplied UiPath, a global firm involved in agentic automation, hosted its flagship event FUSION in Dubai on November 6, bringing together senior executives, AI specialists, customers, and partners for a full day of presentations, hands-on sessions, and live demonstrations showcasing agentic automation in practice. Part of a global roadshow that debuted in Las Vegas this September, FUSION Dubai featured a UAE-focused agenda highlighting how leading organisations — including Dubai Police, Etihad Airways, RAKBANK, DP World GCC and e& UAE — are leveraging the UiPath Platform to increase efficiency, boost productivity, and transform business operations through AI agents, robots, and…
Dubai free zone DMCC is targeting the addition of more than 2,000 new companies in 2025, building on the city’s strong performance as a global business hub, according to Dr. Hamad Buamim, Chairman of the Board of DMCC. Speaking on the sidelines of the Dubai Business Forum – USA in New York, Dr. Buamim said the centre’s growth aligns with the expansion of other major sectors in the emirate and reflects continued confidence in Dubai’s economic landscape. Dr. Buamim confirmed that company registrations at DMCC have now surpassed 26,000, marking a significant milestone for the free zone and reinforcing Dubai’s…