Author: Emirates Insight

Dubai’s cycling community just got a major win! After a quick report to the police, the famous Al Qudra Cycling Track went from bumpy to brand new in record time. We’re talking cracks, bulges, and all those annoying hazards, gone in just 12 hours. A cyclist spotted the problem It all started when Almir Mujic, a Dubai cyclist, spoke to Staff Sergeant Hamad and was asked if there were any issues with the tracks. Almir couldn’t think of any big hazards at first, but then remembered that one pesky bulge on the track. He pointed it out and reported it…

Drydocks World has begun construction of its new head office complex in Dubai, marking a major milestone in its transformation as a global leader in marine and offshore services. Scheduled for completion in the first quarter of 2027, the 44,779-square-metre facility will be built on a 13,390-square-metre site adjacent to the existing shipyard. It will accommodate nearly 700 employees, streamlining operations and improving accessibility for visitors and clients. With direct access from Jumeirah Beach Road, the new building will enhance connectivity while maintaining stringent security standards. The project underscores the company’s commitment to innovation, collaboration, and sustainability, in alignment with…

Amidst incentives, stronger collateral, and rising prices, DeFi lending surged in Q3, capturing a record 55.7% market share during the quarter. DeFi lending reached a new record in the third quarter, according to a new report from Galaxy Digital’s research team, which found that the dollar-denominated value of outstanding loans on decentralized finance (DeFi) applications rose by $14.52 billion, or 54.84%, to $40.99 billion at the end of Q3. When combined with centralized finance (CeFi) lenders, total outstanding crypto-collateralized loans rose to $65.37 billion in Q3, up $21.12 billion from the previous quarter. This is a new all-time high…

Newsletter platform beehiiv recently celebrated its four-year anniversary by launching a suite of new features, including an AI website builder, plus support for podcasts and the sale of digital courses and products. In other words, beehiiv is about a lot more than newsletters now. Co-founder and CEO Tyler Denk (who writes a popular startup newsletter of his own) spoke to TechCrunch about why the company has been expanding, explaining that it was largely in response to customer demand, particularly since beehiiv offered very basic blog templates from the start. “All of our users were like, ‘Hey, this is great, I…

You know that moment when you’re finally asleep… like deep, peaceful, life-is-good asleep, and then a car roars to life like it’s auditioning for Fast & Furious right outside your window? Yeah… instant rage unlocked. Dubai Police is rolling out more noise radars across the city, taking another step toward keeping the streets calmer and more comfortable for everyone. The expansion will happen gradually, covering more neighbourhoods as the system grows. Want instant updates? Follow Lovin on WhatsApp, and never miss a beat! What exactly do these radars catch? The noise radars aren’t just listening for loud engine revs, they also…

In a move that will shake up the British newspaper industry, owners of Daily Mail have confirmed they are buying rival newspaper The Telegraph in a deal worth GBP500 million (US$650 million). If finalised, it would make DMGT, Daily Mail owner, one of the most powerful media companies in the UK – which is sure to raise the hackles of the antitrust watchdogs in the country. The announcement comes a week after RedBird Capital had pulled out of a deal to buy the Daily and Sunday Telegraph for GBP500 million (US$650 million). BBC reported that RedBird’s previous attempt to buy…

MWC25 Doha is in full swing, bringing together some of the most influential brands in tech to showcase their innovations. Companies like Cisco, Google, Huawei, and Vodafone are leading the charge in shaping Qatar’s digital future. Let’s dive into how these exhibitors and sponsors are making an impact at MWC Doha, and how they’re contributing to Qatar’s rise as a tech hub. Exhibitors driving digital transformation Leading the way is Barca Innovation Hub,  a top exhibitor showcasing groundbreaking contributions to the startup and tech ecosystem within 4YFN. Cisco Outdoors is bringing next-level networking solutions to enhance connectivity across industries. Huawei,…

The two privacy coins are the top gainers today. Bitcoin’s weekend price recovery continues in modest steps as the asset climbed past $86,000 earlier today after bottoming below $81,000 on Friday. Several altcoins have produced more impressive gains since yesterday, including Ripple’s XRP. ZEC is back on the offensive, and so is XMR. BTC Back to $86K It was around ten days ago when the primary cryptocurrency decisively broke below $100,000 and hasn’t been able to recover ever since. Just the opposite, as its situation only worsened in the previous business week. The bears were in complete control for…

Sierra, a 21-month-old, San Francisco-based startup that builds customer service AI agents for enterprises, announced on Friday that it reached $100 million in annual revenue run rate (ARR). The company’s rapid growth suggests that businesses across industries are embracing AI agents. The startup’s growth rate surprised even its seasoned co-founders, former Salesforce co-CEO Bret Taylor and longtime Google alum Clay Bavor, who wrote on their blog: “That’s a heck of a lot quicker than we expected.” Sierra’s customers include tech companies like Deliveroo, Discord, Ramp, Rivian, SoFi, and Tubi, as well as well-established businesses outside of the tech sector, such…

From Petrofac’s accelerated restructuring to Dubai’s 22 million sq ft Auto Market launch, the region delivered seismic shifts across energy, property and industry. The UAE and Saudi Arabia also unveiled bold new initiatives — from instant digital visas to global-scale aviation and housing investments. Catch up on 10 of the biggest stories this week as selected by Arabian Business editors. Employees said the layoffs are concentrated in ETP UAE, part of Petrofac’s energy transition and renewables business EXCLUSIVE: Petrofac layoffs begin as loss of 2GW project accelerates restructuring Petrofac has begun issuing immediate termination notices and releasing employees from their…