Abu Dhabi has taken another step to strengthen its knowledge-based economy through a new strategic partnership that brings together government and higher education. The agreement aims to support research, innovation, and workforce development while helping prepare future talent for a fast-changing global economy. The Abu Dhabi Department of Economic Development signed a memorandum of understanding with Liwa University to expand cooperation in research, education, and policy development. The partnership focuses on building stronger connections between academic institutions and economic planning. The agreement was signed during an official ceremony witnessed by the Chairman of the Abu Dhabi Department of Economic Development.…
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Abu Dhabi has opened a new control center to manage and monitor autonomous vehicle operations across the emirate. The move marks another step in the city’s plan to expand smart transportation while improving safety and operational efficiency. The Integrated Transport Centre introduced the central control room as part of its long-term strategy to support the growing use of self-driving vehicles. The facility will oversee autonomous transport services through advanced monitoring systems that provide real-time data and rapid decision support. The new center is designed to strengthen the regulation of autonomous vehicles as more self-driving services enter the transport network. Officials…
Abu Dhabi has launched a new control centre to support the safe operation of autonomous vehicles across the emirate. The new facility will use advanced technology to monitor self-driving vehicles in real time and improve the management of smart transport services. The control centre was introduced by the Integrated Transport Centre (ITC). It is part of Abu Dhabi’s ongoing plan to expand smart mobility and prepare the transport network for future technologies. The new facility allows operators to track autonomous vehicles as they travel on public roads. It monitors vehicle locations, travel routes, speeds, and overall system performance through real-time…
Aldar Properties has announced a major new waterfront project on Yas Island in Abu Dhabi. The company plans to invest Dh6 billion, about $1.63 billion, in the new Aldar Yas Point Development. The project is designed to strengthen Abu Dhabi’s position as a leading place to live, visit, and invest. The new community will cover about 600,000 square meters on the northern side of Yas Island. It will include luxury homes, hospitality, education, shopping, dining, and outdoor attractions. Once complete, the development is expected to welcome around 5,000 residents. A key part of the project is the construction of 1,600…
The United Arab Emirates reached a new oil production record in June. The country pumped an average of 4.1 million barrels of crude oil each day. This is the highest level ever recorded for the UAE and is above its previous record of 4 million barrels per day set in 2020. The higher output shows the UAE’s strong effort to increase oil supply after months of regional tension. The country also restored oil exports to levels seen before the recent conflict. Strong export activity helped support global energy markets even as security risks remained in the Gulf. The UAE increased…
Abu Dhabi has opened entries for the 12th season of the Abu Dhabi Prince of Poets competition. The famous TV show gives poets from across the Arab world a chance to share their work with millions of viewers. It also offers a top prize of AED1 million, equal to about $272,000. The competition has become one of the biggest literary events in the Arab world. It celebrates classical Arabic poetry while using modern television to reach a wide audience. Many young poets have used the show to launch their writing careers. Applications are now open. Poets have until August 6…
Dubai Taxi Company has completed the acquisition of National Taxi in a major deal that strengthens its position in the UAE transport market. The transaction will expand the company’s operations in Abu Dhabi and create the country’s largest taxi operator. The deal is valued at Dh1.45 billion, or about $394.8 million. Following the acquisition, Dubai Taxi Company will operate more than 9,500 taxis across Dubai and Abu Dhabi. The company said the move will significantly increase its market reach and support long-term growth plans. According to company details released on Wednesday, the acquisition raises Dubai Taxi Company’s market share to…
Abu Dhabi’s waterfront property market continues to show strong growth. Experts say luxury homes near the water are expected to remain one of the best-performing parts of the UAE real estate market over the next year. Strong buyer demand, limited supply, and government support are helping to keep prices stable and investor confidence high. Property experts say Abu Dhabi has built a strong market through economic growth, clear regulations, and major investment in infrastructure. These factors continue to attract both local and international buyers looking for long-term opportunities. Mohammed Alhababi, chairman of Vertix Holdings, said investor confidence has continued to…
Abu Dhabi is working to become one of the world’s top centers for air taxis and autonomous aviation. The city is investing in new technology, modern transport, and clear regulations to help companies launch the next generation of aircraft. Several global aviation companies have already chosen Abu Dhabi as a key market. They believe the city offers the right mix of government support, strong funding, and business opportunities. Officials also want the emirate to become a place where these new aircraft are built, tested, and exported. One of the leading companies is Archer Aviation. The California-based business is developing its…
People in the UAE may soon have a new way to pay rent. Industry leaders say tenants could use stablecoins instead of post-dated cheques within the next six to nine months. They believe the technology is ready. The main task now is bringing the right groups together. Bobby Zhou, co-founder of Aqua Labs Investment, shared this view during a digital asset event in Abu Dhabi. He said stablecoin payments for rent are much closer than many people think. He explained that developers, property agents, and building management companies only need to work together to make the system available. Many renters…
