ABU DHABI, 29th June, 2026 (WAM) — Hub71 startup, Maalexi, an Abu Dhabi-based agricultural trade technology company has signed a strategic alliance agreement with RXIL Global IFSC Limited (RXIL Global), an International Trade Financing Services (ITFS) platform regulated by the International Financial Services Centres Authority (IFSCA) in India. The alliance aims to improve access to trade finance for cross-border agricultural transactions involving Indian exporters, particularly small and medium-sized enterprises (SMEs). By combining Maalexi’s trade execution capabilities and supply chain network with RXIL Global’s financing platform, the two companies will explore opportunities to facilitate financing for eligible agricultural trade transactions in…
Author: Editorial Team
“Agentic AI could cause considerable job losses as routine knowledge-work tasks are automated, making reskilling and workforce redeployment an urgent board-level priority”, Khanna said. “The companies most admired a decade from now will use AI to move people into higher-value work, rather than simply cutting headcount”. The report warns agentic AI, governance failures and workforce disruption will reshape enterprise strategy. Enterprise AI is now a board-level execution test. The report sets out a clear message for enterprise leaders: the AI race is moving from experimentation to execution. Peak State Consulting says the companies that win will be those that can…
The embassy of India in Abu Dhabi and the Consulate General of India in Dubai will continue to provide only emergency consular services until July 1, extending an earlier advisory issued as part of an ongoing administrative transition. In a fresh announcement on Monday, June 29, the mission said emergency services for passport, visa, attestation, and other consular matters will remain available, while regular services continue to be temporarily suspended. The embassy added that details on the resumption of normal services from July 2 onwards will be announced separately through its official communication channels. Stay up to date with the…
When I moved to the UAE ten years ago, I knew very little about the place I would come to call home, and when people would ask me to describe it, I was often at a loss for words. How should I speak of it without falling into stereotypes, repeating the well-worn tropes of futurism, ease and prosperity that everyone pushes? I admit to being personally less interested in musings about the future than I am in the excavation of the past. History has always held a fascination for me. In a sense, Sheikha Bodour Al Qasimi’s memoir Let Them…
ZHAMBYL REGION, Kazakhstan, 29th June, 2026 (WAM) — Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, today formally broke ground on its 1-gigawatt (GW) wind farm in the Zhambyl region of Kazakhstan. The wind farm is Masdar’s first renewable energy development in Kazakhstan and one of the largest integrated wind and battery storage projects in Central Asia, representing investment of US$1.4 billion. It features a 600-megawatt-hour (MWh) battery energy storage system (BESS) to support grid stability. The project is being led by Masdar, and co-developed with W Solar, Qazaq Green Power, a Samruk-Kazyna Fund company,…
DAMMAM — Just 50 days before his wedding, Moath Al-Zahrani, one of the 14 Saudi Aramco employees who lost their lives in Sunday’s helicopter crash near Ras Tanura, was preparing to begin a new chapter of his life. Wedding invitations had been sent to family and friends the night before the tragedy. The apartment where he and his bride-to-be planned to build their future together was nearly ready, with every detail carefully arranged. Instead of gathering to celebrate his wedding, relatives, friends and colleagues gathered on Monday at Al Furqan Mosque in Dammam to perform funeral prayers for Al-Zahrani and…
RIYADH — The Ministry of Interior warned that anyone, who facilitates the entry of Border Security Law violators into the Kingdom, transports them within the country, harbors them, or provides them any form of assistance or service, shall be slapped with penalties of up to 15-year imprisonment and a maximum fine of SR1 million. The penalties also include confiscation of the vehicle used for transportation and the property used for sheltering them, as well as publicizing names of the offenders in their own personal expense. The ministry noted that this offense is classified as a major crime warranting arrest and…
Construction work has recently commenced on the UK’s new £750 million national supercomputer in Scotland. Those behind the project say it will be the most powerful computer in the UK, and one of the most powerful in the world, when it is finished at the end of 2027. It will be hosted in University of Edinburgh buildings on the outskirts of Penicuik and Roslin in Midlothian, near the institute where Dolly the sheep was cloned. It is a significant step forward for a project that was shelved by the UK government when Labour came into power, and then reinstated a…
Abu Dhabi-based M42 has launched the UAE’s first genomics-driven clinical trial to attempt to prevent Alzheimer’s disease in the Emirati population. This marks a major milestone in translating the Emirati Genome Programme (EGP) into real-world clinical application. The study will use population-scale genomic data from the EGP to identify individuals who may meet the study’s Alzheimer’s disease criteria before symptoms appear. This supports research linked to earlier intervention and focuses on a shift toward prevention-focused care for the disease. The study will be conducted by M42’s Insights Research Organisation and Solutions (IROS), in collaboration with the Department of Health –…
ABU DHABI, 29th June, 2026 (WAM) — XRG and Eni have each signed agreements with YPF for the acquisition of a 32% interest in three upstream blocks, with YPF retaining the remaining 36%. Completion of the transactions remains subject to customary regulatory approvals. The upstream blocks are expected to form a core part of the integrated 12 million tonnes per annum (MTPA) ARGENTINA Liquified Natural Gas (LNG) project, complementing XRG’s previously announced joint development agreement with YPF and Eni, and advancing key project components in line with the development plan. For XRG, the proposed investment supports its strategy to build…