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Elon Musk’s Boring Company has reached a $23 billion valuation after raising $3 billion in a UAE-led financing round as the tunneling startup expands aggressively into the Middle East.
The UAE will exit OPEC and OPEC+ from May 1, aiming to increase oil production and better align with shifting global energy demand.
The UAE approves USDU, its first regulated dollar-backed stablecoin integrated into the national payment framework.
Mercedes-Benz Places – Binghatti City is pitched as the world’s first Mercedes-Benz–branded city: a 10 million-square-foot mixed-use district in Meydan with an estimated AED 30B ($8.2B) investment.
Uber launches fully driverless robotaxi rides in Abu Dhabi with partner WeRide, marking the Middle East’s first autonomous ride-hailing service.
The UAE’s new law brings DeFi and Web3 into the regulatory net, requiring licences and imposing fines up to US$272 million for non-compliance.
UAE telecom du launches Cloud Miner, enabling residents to mine Bitcoin through a subscription-based service.