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Abu Dhabi Aviation has partnered with Archer Aviation to launch the region's first electric air taxi service, featuring the Midnight eVTOL aircraft. Operations are set to begin this year, significantly reducing travel times on busy routes, such as the Abu Dhabi to Dubai corridor, to under 30 minutes. Archer will provide comprehensive support, including pilots and a user-friendly booking app, as they aim to scale operations globally.
Ras Al Khaimah will host the inaugural International Real Estate Investment Summit (IREIS) on May 20-21, 2025, at the Al Hamra International Exhibition and Conference Centre, showcasing its growing real estate market to global investors. The event will feature 500 delegates, 40 industry speakers, and discussions on market trends, investment opportunities, and sustainability in real estate. With significant projects like the $3.9bn Wynn Al Marjan Island resort, RAK is positioning itself as a premier investment destination in the UAE.
E-commerce in the MENA region is undergoing a significant transformation driven by Ramadan and Eid gifting, with gift orders surging over 150% during Ramadan 2025. Mobile devices now dominate transactions, and platforms are enhancing logistics and personalisation to meet year-round consumer expectations. The shift towards cross-border demand and smarter inventory strategies is reshaping the digital retail landscape, making Ramadan a critical period for innovation and engagement.
Jebel Ali Free Zone (Jafza) has invested Dh90 million to expand its logistics park, adding 360,000 square feet of Grade A facilities. The new offerings include modern offices, customizable units, temperature-controlled warehouses, and enhanced power capacity, supporting the UAE's goal to grow its logistics sector to Dh200 billion annually in the next seven years.
Orascom Construction plans to reduce its projects in Egypt to a third by 2026, focusing on international expansion, particularly in the UAE and Saudi Arabia. CEO Osama Bishai emphasized the company's preference for foreign-funded projects and noted improvements in dues collection from government entities, despite ongoing local challenges. The firm is already engaged in significant projects abroad, including power plant expansions in Saudi Arabia and seawater treatment facilities in the UAE.
Valeo Health has secured $12 million in a Series B funding round, raising its total capital to $20 million. This investment will enhance its AI-driven at-home healthcare solutions across the KSA, UAE, and GCC, with a focus on personalized treatment plans using proprietary Longevity technology. CEO Sundeep Sahni emphasized the funding's role in scaling their technology and expanding their reach in preventive care.
Abu Dhabi is set to launch 'Madhmoun,' the Gulf's first Multiple Listing Service (MLS) platform, aimed at enhancing transparency and efficiency in the real estate market. This centralized hub will provide verified property listings and real-time updates, reducing misleading advertisements and improving trust among brokers, developers, and buyers.Rashed Al Omaira, Acting Director General of ADREC, highlighted that Madhmoun will transform transactions by promoting innovation and transparency, increasing property visibility by 70%, enhancing broker productivity by 35%, and reducing transaction times by 40%. The launch date has yet to be announced, but stakeholders are encouraged to prepare for its implementation.
Valeo Health has secured USD 12 million in Series B funding, led by Flintera, to expand its AI-driven personalized healthcare services across the GCC, including Saudi Arabia and the UAE. The funds will enhance product offerings and scale AI technology, aiming to provide proactive healthcare solutions. Founded by Sundeep Sahni, Nadine Karadag, and Ankur Majumder, Valeo focuses on health tracking, at-home tests, and personalized wellbeing coaching.
Abu Dhabi’s ADGM has revoked the registration of Emirates Advocates LLP as a designated non-financial business due to non-compliance with AML Rules. The FSRA previously imposed a $10,000 penalty in May 2021 for failing to submit a required return and a $26,000 penalty in September 2023 for not registering for the goAML reporting system.
Salama, the Islamic Arab Insurance Company, reported a remarkable 118% increase in net profit for 2024, reaching Dh24.6 million, with insurance revenue at Dh1.04 billion. The company resolved long-standing audit issues by addressing asset impairments and continues to focus on digital transformation and talent development, including a UAE National Development Programme. In the first nine months of 2024, net profit surged by 64% to Dh30.41 million, reflecting strong performance and commitment to affordable healthcare coverage for low-income workers in the UAE.
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Abu Dhabi Aviation and Archer launch electric air taxi service in UAE
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ras al khaimah to host inaugural international real estate investment summit
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