Author: Arabian Media staff
Image: Dubai Media Office Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, has approved a new package of artificial intelligence (AI) initiatives aimed at advancing the emirate’s digital transformation and strengthening its position as a global technology hub. The approval was made during the second 2025 meeting of the Higher Committee for Future Technology Development and the Digital Economy, where Sheikh Hamdan reviewed recent progress and outlined next steps to expand AI adoption across government and key sectors.…
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In Hungary’s second-largest city Debrecen, workers are putting the finishing touches to a vast battery factory built by China’s CATL to supply BMW, Mercedes and other European car brands.The mile-long plant is part of a wave of Chinese investment that mushroomed across central and eastern Europe immediately after the Covid-19 pandemic, focused on building battery and electric vehicle factories.But nearly three years after CATL announced the €7.3bn “greenfield” project, weaker than expected EV demand in Europe is forcing a review of its size.The project’s first phase has increased 20 per cent to 40 gigawatt/hour but two subsequent stages are being…
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Image credit: Supplied Dubai’s real estate market continues to outperform global counterparts, driven by a unique combination of population growth, strong foreign investment, a booming off-plan segment, and shifting lifestyle preferences in the post-pandemic era. According to the Dubai Land Department (DLD), approximately 94,700 investors entered the market in the first half of 2025, marking a 26 per cent increase year-on-year. Notably, 59,000 were new investors, and UAE residents accounted for 45 per cent of this cohort, signaling robust domestic demand alongside global interest. Read more-UAE real estate is the world’s new hotspot: Here’s why Data from Hudson Real Estate’s…
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Image: IHC International Holding Company (IHC), a global investment firm, has acquired a majority stake in the state-owned First Women Bank Limited (FWBL) following Pakistan’s first-ever bank privatisation under the Inter-Governmental Commercial Transactions Act of 2022. The acquisition marks a milestone in UAE–Pakistan economic cooperation and signals growing investor confidence in Pakistan’s financial sector and reform agenda. Established in 1989, FWBL operates as a full-fledged commercial bank with 42 branches across the country, offering retail, SME, and corporate banking services. IHC to recapitalise FWBL, launch modernisation Under the agreement, IHC will recapitalise the bank to meet the minimum capital requirement…