Author: MoneySecrets
Gold prices are witnessing a strong surge, fueled by trade and political turmoil that has unsettled investors and pushed them to abandon the dollar and U.S. Treasury bonds in favor of the precious metal as a safer alternative. J.P. Morgan predicts that the average price of gold could reach around $3,675 per ounce by the fourth quarter of this year, continuing its rise to $4,000 by the second quarter of 2026. Economists attribute this shift to the dramatic changes in U.S. trade policy under President Donald Trump, particularly after his announcement of reciprocal tariffs, which heightened market fears, according to…
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, has directed the organization of a new global conference titled “AI@70” during Dubai AI Week 2026, marking the 70th anniversary of the first introduction of the term “Artificial Intelligence” at the Dartmouth Conference in 1956. Organized in collaboration with Dartmouth College, the conference will be held under the theme “Towards a Global Humanity,” bringing together leading experts and thinkers in AI, business, technology, philosophy, arts, and sciences. It…
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, affirmed that “Dubai AI Week” will become an annual global platform, attracting technology leaders and AI talents from around the world. His remarks came after the event, which welcomed over 30,000 participants, including experts, specialists, and leading global technology companies. His Highness noted that AI is driving an unprecedented transformation across all sectors and that Dubai remains committed to enhancing its supportive environment for developing AI applications, empowering talents, and expanding strategic partnerships with global tech leaders. He directed that the next edition be held in…
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, has launched the “Dubai AI Academy” during Dubai AI Week, intending to train 10,000 emerging leaders and pioneers in key AI skills, in collaboration with leading academic and training institutions. His Highness affirmed that “Dubai will be the top destination for anyone aiming to lead the future of AI,” highlighting the emirate’s commitment to supporting impactful initiatives that accelerate economic growth and enhance the performance of various sectors…
Global consulting firm Boston Consulting Group (BCG) has affirmed that the United Arab Emirates stands out as one of the world’s leading nations in the field of artificial intelligence (AI), thanks to its ambitious vision and integrated model that combines research, development, innovation, and practical execution on the ground. During the Dubai AI Festival, Faisal Hammadi, Managing Director and Partner at BCG, explained that the firm’s latest report on AI in the Gulf Cooperation Council (GCC) provides a comprehensive assessment of regional progress based on multiple dimensions. These include ambition, target domains, ability to deploy applications, and the innovation and…
Dubai Islamic Bank (DIB) announced strong financial results for the first quarter of 2025, reporting a net profit of AED 1.797 billion, marking an 8% year-on-year growth after tax. The group’s profit before tax reached AED 2.1 billion, reflecting a 14% increase, primarily driven by consistent growth in returns from high-quality assets. In its statement, the bank highlighted that operating revenues grew by 5% year-on-year to AED 3.154 billion, while net financing and sukuk investments rose by 4% year-to-date to AED 307 billion. Net financing alone recorded a 5% growth, reaching AED 223 billion. Total assets grew by 3% to…
Dubai’s vehicle rental sector recorded remarkable growth in 2024, with the number of registered rental vehicles increasing by 43% compared to 2023, according to the Commercial Transport Activities Department at the Licensing Agency of Dubai’s Roads and Transport Authority (RTA). The sector also witnessed a 33% increase in the number of newly registered companies, reflecting the emirate’s growing appeal as a leading global hub for business and logistics services. The total number of companies registered to operate in the vehicle rental sector reached 3,494 by the end of 2024, compared to 2,627 in 2023. Meanwhile, the number of registered rental…
The Dubai Land Department (DLD) announced outstanding results achieved through its “Real Estate Advertisement Governance Platform,” enhanced with artificial intelligence technologies. The platform was launched during GITEX 2024 as part of the Department’s ongoing efforts to enhance transparency and credibility in the real estate market. The Department explained that, since its launch, the platform has monitored more than 279,000 real estate advertisements across major marketing platforms such as Property Finder, Dubizzle, and Bayut. Approximately 29% of these advertisements were automatically modified using AI technologies to ensure accuracy and compliance with approved standards. Ali Abdullah Al Ali, Director of the Real…
Technology startups at Hub71 secured record funding of AED 8.02 billion last year, marking an annual growth of 44.7% compared to AED 5.4 billion in 2023. Additionally, startup revenues increased to AED 4.5 billion, up from AED 3.5 billion the previous year. Ahmed Ali Alwan, CEO of Hub71, highlighted that the initiative began as an ambitious idea to support entrepreneurs from Abu Dhabi, transforming into an ecosystem connecting founders, investors, and partners to create a sustainable impact. He noted that the platform received over 3,100 applications from entrepreneurs across more than 20 countries, selecting 46 startups, with 70% originating from…
His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, announced that investments in artificial intelligence in Dubai reached approximately AED 20.6 billion in 2024, reflecting the emirate’s growing position as a global hub for future technologies. The announcement came during his opening remarks at the AI Retreat, held as part of Dubai’s Artificial Intelligence Week, under the theme: “How the Coming Years Will Reshape Nations’ Capabilities.” Al Olama emphasized that Dubai’s annual plan to accelerate AI adoption focused on appointing 230 Chief AI Officers across various entities, establishing dedicated AI teams,…