Wednesday, 20 May 2026
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Business & Economy

Modon and Montage Unveil Luxury Resort Project on Egypt’s RAS El Hekma

Abu Dhabi‑based Modon has partnered with international brand Montage to develop a high‑end resort on Egypt’s Red Sea coast, marking a significant UAE‑led investment that could boost regional tourism flows and diversify Emirati construction portfolios.

Startups & Leadership

UAE Sponsors Boost Prize Pool at 2026 Soudal Open

The 2026 Soudal Open sees a record‑breaking prize fund, driven by new UAE‑based sponsorships and heightened regional interest, signalling stronger commercial ties between Gulf investors and European golf events.

AI & Tech

Sap to Commit $200m to UAE Tech Ecosystem by 2020

SAP plans to channel $200 million into the United Arab Emirates over the next few years, targeting cloud infrastructure, AI research hubs and talent development programs that could accelerate digital transformation across the Gulf’s fastest‑growing markets.

Global Insights

Sweden Signs $4 Billion Deal for French Frigates to Strengthen Baltic Fleet

Sweden has approved a contract exceeding $4 billion with France’s naval shipbuilder to acquire next‑generation frigates, a move that bolsters Baltic security while creating a sizable export order for the French defence sector and prompting a wave of ancillary opportunities.

Eco-Impact

UAE Renewable Push Lowers GCC Emissions Amid Ongoing Oil Reliance

The United Arab Emirates has expanded solar and wind capacity, trimming regional carbon output, yet the Gulf’s heavy reliance on hydrocarbon revenues continues to temper overall climate progress, according to recent emissions data.

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