Author: Emirates Insight

Saudi Arabia is positioning itself as a stable hub linking Europe, Asia and Africa as global trade becomes more fragmented and supply chains are reshaped by geopolitics, senior Saudi ministers said at the World Economic Forum in Davos. Majid Alkassabi said the Kingdom stood to benefit from a shift away from open multilateral trade towards more managed, rules-based systems. “Trade today is definitely shifting from fair trade to a managed and rule-driven trade model,” Alkassabi said during a session titled Many Shapes of Trade. “For us in Saudi Arabia, we have a strategic location, we have a lot of resources.…

What a typical weekend in Dubai looks like: Pick up coffee and croissants for as little as AED 1 Grab amazing food all the way from SZR to Downtown Casually head out to watch one of the greatest golfers, Rory McIlroy, in action Watch your fav singer bring your playlist Live on stage End the night hopping across cultural & lit fests Phew! It’s one of those weekends where you wish you could be in five places at once because you don’t want to miss out on all the fun stuff But let’s break it down for you and give…

Prosecutors say the conspirators moved fentanyl analogues, MDMA, methylone, and ketamine, distributing bulk drugs and fake pills. A Passaic County man has been sentenced to 12 years in federal prison for his role in a large-scale fentanyl distribution and money laundering conspiracy that involved the use of Bitcoin to pay overseas drug suppliers, according to the latest press release shared by the US Department of Justice. William Panzera, 53, of North Haledon, New Jersey, was sentenced following his conviction for drug trafficking conspiracy and international promotional money laundering conspiracy. Counterfeit Pills, Real Fentanyl According to court documents and statements…

In more than a decade of covering Australian startups – nearly seven years as Startup Daily editor – one notable aspect of dealing with the sector is unlike any other I’ve encountered in 30 years of journalism. As LP Hartley wrote in The Go-Between: “The past is a foreign country: they do things differently there.” But that doesn’t mean you’re entitled to erase it. I get a handful of requests annually to delete old coverage featuring a founder’s previous startup/s. Often, the core proposition is it’s ancient history and doesn’t really matter any more. But the real motivation is often…

The Sharjah industrial real estate market delivered record-breaking growth in 2025, with transaction values almost doubling year-on-year as investor confidence strengthened and new development models gained traction across the emirate. According to the Sharjah Real Estate Registration Department, the value of industrial real estate transactions rose from approximately AED4.9bn ($1.33bn) in 2024 to more than AED9.24bn ($2.52bn) in 2025 — an increase of 88.7 per cent. The figures were announced during a panel discussion titled The Future of Industrial Real Estate, organised by the department as part of the Sharjah Real Estate Exhibition (ACRES 2026). The session was moderated by…

Basketball fans, mark your calendars. The Dubai International Basketball Championship (DIBC) is officially back for its 35th edition, and it’s shaping up to be one of the most exciting runs yet. The tournament starts on Friday, January 23, and will keep the energy going for 10 straight days, wrapping up on February 1. A tournament with serious history Now in its 35th year, DIBC has become a staple on Dubai’s sporting calendar, known for bringing together international talent, competitive matchups, and a lively atmosphere that goes beyond just basketball. Year after year, it attracts teams from across the region and…

Patrick Reed produced a flawless round of 66 to earn a one-shot lead at the Hero Dubai Desert Classic. He sits one clear of Englishman Andy Sullivan, who carded the joint lowest round of the week with a brilliant seven-under 65. Mikael Lindberg continued his rich vein of recent form by closing the gap on Reed to one, with Italian pair Molinari and Andrea Pavan another one shot back. Denmark’s Nicolai Højgaard had a scintillating afternoon as he birdied five holes on the back nine for a bogey-free 67 to sit in solo fifth at six under. With the final…

HASH has dumped the most over the past day, while RIVER is on the run again. Bitcoin’s underwhelming price performance continued into the weekend, with another dip to $88,000 registered earlier today. Most altcoins are in the red as well on a 24-hour scale, with ETH solidifying its place below $3,000. XMR has dropped the most from the larger-cap alts. BTC Dips to $88K It was a week ago when the tension between the US and the EU escalated rapidly with new tariff threats and finally some opposition from the bloc. BTC remained still at first and traded above…

ADNOC Gas is strengthening its position in the global liquefied natural gas (LNG) market as it accelerates delivery of key strategic programmes under an integrated approach focused on operational readiness and long-term asset sustainability. The company said progress at the Ruwais LNG project continues to advance at an accelerated pace, underscoring its strategic importance amid shifting global energy supply and demand dynamics. With a planned production capacity of 9.6 million tonnes per annum, ADNOC Gas said construction works at Ruwais LNG are progressing ahead of approved schedules, opening the possibility of bringing forward the start of commercial operations currently planned…

Gilmour Space: $217 million Gilmour Space cofounders Adam and James Gilmour, at the Bowen Orbital Spaceport. Gilmour Space Technologies has landed $217 million in a Series E funding round that lifts the Queensland-founded rocket maker’s valuation above $1 billion. This makes it Australia’s first space unicorn. The round was jointly led by the National Reconstruction Fund Corporation (NRFC) and superannuation fund Hostplus. It also saw participation from the Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, QIC and Brighter Super. The new investment follows a $55 million series D raise back in 2024. Founded on the Gold Coast, the company…