MAGNAV Emirates

Hafsa Qadeer

Ramy Jallad steers RAKEZ toward resilience and global growth, championing innovation, investment, and sustainable business ecosystems.

Ramy Jallad Leading RAKEZ into a Future of Resilience and Global Growth

Ramy Jallad Leading RAKEZ into a Future of Resilience and Global Growth By Hafsa Qadeer Ras Al Khaimah Economic Zone, better known as RAKEZ, has become one of the most dynamic business hubs in the United Arab Emirates. It is home to nearly 35,000 companies representing more than 100 nationalities, a true reflection of the UAE’s multicultural spirit and global outlook. With operations spanning over 50 different industries, RAKEZ is no longer simply a place for business registration and licensing. It has transformed into a fully integrated ecosystem that combines physical infrastructure, digital readiness, and people-centric support systems. At the helm of this transformation is Group CEO Ramy Jallad, whose vision has positioned RAKEZ as both a secure anchor for regional supply chains and a launchpad for international growth. Jallad is no stranger to driving change. His career spans aviation, oil and gas, real estate, education, and economic development, with each industry offering lessons in adaptability, resilience, and stakeholder management. When he took over RAKEZ, his goal was not just to manage a free zone, but to reimagine it. “Transforming RAKEZ from a conventional free zone into a fully integrated business and industrial ecosystem was a pivotal moment,” he recalls. “It was not just about infrastructure, it was about mindset. We began treating government services with a business lens: focusing on customer experience, digital accessibility, and post-setup support.” This philosophy has shaped how RAKEZ operates today. For Jallad, the question is not whether global investor reach and local resilience can coexist, but how they can complement each other. RAKEZ’s industrial zones and logistics hubs are strategically connected to major UAE ports and airports, with the future promise of Etihad Rail further strengthening the network.  This allows investors to root their operations in the region while keeping seamless access to international markets. “By building strong regional value chains while connecting to international markets, we help businesses remain agile in a shifting geopolitical landscape,” Jallad explains. It is this ability to balance global opportunities with local security that makes RAKEZ particularly relevant in today’s fragmented world. Another defining feature of RAKEZ’s evolution has been its embrace of digital alliances. One of the most visible examples is its partnership with Amazon UAE, designed to empower SMEs to thrive in the e-commerce space. Through this collaboration, businesses based in RAKEZ gain direct access to Amazon’s seller platform, onboarding support, and training resources such as workshops and webinars.  In an era when traditional globalization is giving way to more regionalized trade models, these digital tools provide SMEs with a bridge to regional and international markets. “With the UAE’s e-commerce industry expected to reach USD 9.2 billion in 2026, SMEs operating in the online space have a huge potential to unlock greater success,” Jallad notes. Partnerships like this show foreign investors that RAKEZ is not only a hub of physical infrastructure but also a facilitator of digital growth. Looking ahead, Jallad confirms that RAKEZ intends to build more such collaborations, equipping its community with the platforms needed to compete in a digital-first economy. What truly distinguishes RAKEZ, however, is its organizational culture. Jallad insists that the key to attracting and retaining global investors lies in building a culture of agility, inclusivity, and client-centricity. Establishing a business with RAKEZ is designed to be efficient, cost-effective, and tailored to different scales of operations. SMEs, for example, benefit not only from affordable workspaces but also from dedicated mentorship programmes, networking opportunities, and access to expert resources that help entrepreneurs grow sustainably.  Larger corporations, on the other hand, are offered bespoke solutions, from customised industrial plots and warehouses to flexible offices and dedicated account managers. “By nurturing this culture of inclusivity and adaptability, we create an environment where businesses of all sizes feel valued, supported, and confident in their ability to thrive,” says Jallad. Over the years, RAKEZ’s sectoral focus has evolved in response to global shifts. While traditional industries such as manufacturing and trade remain strong pillars, new sectors are increasingly defining its value proposition. Advanced manufacturing, logistics, technology, e-commerce, and sustainability-driven industries are now central, with expansions into agri-tech, clean energy, gaming, and digital services. This reflects both global investor demand and regional opportunities. By anticipating where the global economy is headed, RAKEZ positions Ras Al Khaimah as a hub not only for resilience but also for innovation. “The future will be about reinforcing RAKEZ’s role as a partner in progress, helping businesses seize new opportunities and navigate emerging challenges with confidence.” For Jallad, partnerships have been a recurring theme in his career. Under his leadership, RAKEZ has forged collaborations with DHL, Tradeling, Etihad Credit Insurance, and international outreach initiatives in markets like China, India, Russia, Italy, Germany, and the UK. These partnerships extend the reach of RAKEZ companies, allowing them to tap into global opportunities while remaining anchored in the region. “Strategic partnerships have reinforced the importance of building bridges, not just infrastructure,” he remarks. These bridges are especially critical in times of global disruption, as they ensure companies can continue to access both suppliers and customers across continents. Leadership in such a multicultural environment comes with its own set of lessons. RAKEZ’s community represents more than 100 nationalities, making inclusivity both a strategic advantage and a moral imperative. Policies and services are designed with cultural sensitivity in mind, and stakeholder engagement is built on listening and respect. Jallad sees multiculturalism not only as part of RAKEZ’s identity but also as a powerful tool for attracting foreign investment. “For investors, it provides confidence that they will operate in an environment where talent, ideas, and networks transcend borders,” he explains. By fostering collaboration between businesses from diverse backgrounds, RAKEZ ensures that cultural diversity becomes a driver of innovation rather than a barrier. Looking to the future, Jallad identifies sustainability, technology, and regional integration as the three pillars that will shape RAKEZ’s next chapter. With the UAE’s ambitious green economy goals, RAKEZ is expanding eco-friendly initiatives in 2025, including green industrial solutions and renewable energy adoption. Technology and

Abdellatif Bekhouche – On UAE Media Progress: A Future Built on Innovation & Purpose

Abdellatif Bekhouche On UAE Media Progress: A Future Built on Innovation & Purpose

Abdellatif Bekhouche on UAE Media Progress A Future Built on Innovation and Purpose By Hafsa Qadeer What sets the UAE’s media landscape apart from the wider Middle East, says Abdellatif Bekhouche, is its diversity and uniqueness, as the country has opened its doors to both regional and international media institutions, creating a welcoming environment for new outlets and supporting their growth. This openness has attracted some of the world’s leading media organizations, reshaping the region’s media map and fostering an ecosystem where local and global players coexist to produce purposeful, high-quality content that influences not only the Arab world but audiences far beyond. The role of world-class media zones such as Dubai Media City, Studio City, and Abu Dhabi’s twofour54 has been instrumental in building this progress. By hosting international giants alongside innovative local outlets, offering advanced infrastructure, and nurturing creativity through incentives and collaboration, these hubs have positioned the UAE as a leader in media development, driving innovation and content production while cementing the nation’s place on the global stage. Media, often described as the fourth estate, has become a key instrument of the UAE’s soft power. From his years as a correspondent for France 24 in Dubai, Abdellatif Bekhouche witnessed firsthand how international media based in the Emirates shaped Arab public opinion through credibility, balance, and trust. Reports produced from Dubai resonated widely, proving the country’s role as a platform for meaningful storytelling. Similarly, his experience at CNBC Arabia highlighted how the UAE has used media to drive economic influence, with coverage of finance, markets, and business shaping perspectives across the region. Together these experiences reflect how the Emirates has amplified its influence, bridging global narratives, strengthening credibility, and positioning itself as both an economic and political voice of authority. The UAE’s approach to storytelling is equally remarkable, blending tradition with innovation. Sharjah, in particular, stands as a cultural model by linking festivals, book fairs, and artistic platforms into powerful storytelling experiences that preserve heritage while reaching international audiences. Bekhouche recalls how, during his time covering cultural movements for the Saudi Cultural Channel, he saw firsthand how the Emirates not only protects its traditions but transforms them into impactful narratives that resonate globally, merging authenticity with creativity in a way that connects diverse audiences. What excites Abdellatif Bekhouche most about the future is how the UAE integrates emerging technologies like AI, AR, VR, and advanced digital platforms into journalism without losing sight of substance. The innovation here is not about replacing tradition but enhancing it, making stories more interactive, engaging, and relevant. With media zones like Dubai Media City, twofour54, and Sharjah’s cultural institutions leading this transformation, the UAE is poised to set new global standards by combining technology with authenticity to produce content that is both credible and impactful. This evolution is also shaped by the UAE’s demographic diversity. Home to over 200 nationalities, the country’s media platforms serve as inclusive spaces that reflect this multiculturalism while keeping Emirati traditions and identity at the core. By producing multilingual content that resonates worldwide while grounding stories in local culture, the UAE has created a model that celebrates diversity without losing authenticity. Major events such as Expo 2020 Dubai and COP28 have further elevated the country’s media profile. Covering these milestones firsthand, Abdellatif Bekhouche witnessed how the UAE’s ambition and strategic communication not only showcased its achievements but also enhanced its global reputation. Through such platforms, the Emirates has demonstrated how effective media engagement can amplify soft power, unify narratives, and inspire global respect. Looking ahead, Bekhouche hopes to see a headline that reads “UAE Leads the World in Innovative and Purposeful Media.” Such a future would reflect a landscape where creativity, cultural depth, and cutting-edge technology combine seamlessly, where the country continues to serve as a hub for international media while nurturing local talent, and where the content produced informs, inspires, and connects audiences across the globe. It would signify not just technological progress but also the UAE’s unwavering commitment to credibility, authenticity, and meaningful storytelling.

Zayed National Museum

Zayed National Museum A Living Legacy of Sheikh Zayed bin Sultan Al Nahyan

Zayed National Museum A Living Legacy of Sheikh Zayed bin Sultan Al Nahyan By Hafsa Qadeer متحف زايد الوطني – Museum National Zayed The story of the United Arab Emirates cannot be told without honoring the vision and values of its Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. His leadership, wisdom, and compassion laid the foundation of a nation that today stands as a global symbol of unity, ambition, and cultural pride. Rising proudly on Saadiyat Island, Zayed National Museum is more than an institution, it is a tribute to his legacy, a living reflection of his values and a beacon of knowledge for generations to come. The museum’s very essence embodies Sheikh Zayed bin Sultan Al Nahyan’s role not only as a statesman but as a father figure and visionary whose values continue to guide the UAE. Its architecture, galleries and storytelling come together to showcase ideals of unity, giving, belonging, ambition and patriotism. Rather than treating history as a static record, the museum presents it as a living journey, linking the past to the present and inspiring progress toward the future. Inside, visitors are invited into an immersive experience that spans 300,000 years of human history. Through six permanent galleries and more than 1,000 objects, the museum offers a rich exploration of the land’s story. Highlights include the timeline of Sheikh Zayed bin Sultan Al Nahyan’s life set within the Al Masar Garden, the Abu Dhabi Pearl, one of the oldest in existence, and a striking 18-metre reconstruction of the Bronze Age Magan Boat. Each element serves not only as a display but as a powerful connection to the UAE’s evolving narrative, ensuring Emiratis walk away with a renewed sense of pride and international visitors with a deepened understanding of the country’s history and culture. Jack Burlot © Department of Culture and Tourism – Abu Dhabi, Zayed National Museum Collection متحف زايد الوطني – Museum National Zayed Moaza Matar Acting Curatorial & Collections Management Department Director The philosophy guiding the museum’s curation lies in interconnection. Objects and narratives flow seamlessly, weaving together themes of landscapes, heritage, early human trade, Islam’s spread, coastal life and inland traditions. The journey begins in Al Masar Garden, tracing Sheikh Zayed bin Sultan Al Nahyan’s life through desert, oasis and urban settings, reinforcing his values as the thread uniting the UAE’s story. The permanent galleries, curated in collaboration with Emirati and international experts, ensure a balance of tradition and innovation. With community donations enriching the collection, the museum preserves not only national history but also the cherished memories of its people. Among the treasures within, one of the most moving is the collection of photographs in the gallery Our Beginning. These images reveal Sheikh Zayed bin Sultan Al Nahyan in both his public and personal dimensions, capturing his leadership, compassion and humanity. Particularly striking are the photographs by French photojournalist Jack Burlot, who documented over 1,390 moments during his 1974 visit. From development projects to everyday life, these images provide an intimate portrait of a leader devoted to unity and progress. The museum’s architecture itself is a story of symbolism and sustainability. Its five soaring towers, inspired by the wings of a falcon in flight, pay homage to Sheikh Zayed bin Sultan Al Nahyan’s passion for falconry, a cornerstone of Emirati tradition. The tallest rises to 123 meters, making the structure the most prominent landmark in the Saadiyat Cultural District. Beyond their beauty, the towers function as a geothermal cooling system, embodying the harmony between cultural symbolism and sustainable innovation. For visitors, they create a breathtaking first impression that merges heritage with environmental responsibility. قارب ماجان أثناء التجارب البحرية قبالة سواحل أبوظبي، تصوير إميلي هاريس © متحف زايد الوطني Magan Boat during the sea trials off the coast of Abu Dhabi. Photo by Emily Harris © Zayed National Museum Abu Dhabi Pearl Culture of Department دائرة الثقافة والسياحة – أبوظبي and Tourism – Abu Dhabi Looking forward, Zayed National Museum is envisioned as a lasting cultural beacon, not just for today but for decades to come. Its role will continue to grow as a hub of heritage, research, education and innovation. By embracing new ideas, expanding cultural programs and supporting discoveries, it will reflect the UAE’s dynamic identity as a nation that respects its roots while striving toward new horizons. Zayed National Museum is more than a place to learn, it is a space to reflect, to feel pride and to connect with the values that have shaped a nation. It ensures that Sheikh Zayed bin Sultan Al Nahyan’s legacy remains alive, guiding the present and inspiring the future. As the museum prepares to open its doors to the world, it stands as a timeless tribute to the vision of a man whose dream continues to flourish through the spirit of the United Arab Emirates. Quote 1: “Zayed National Museum is more than a place to learn, it is a space to reflect, to feel pride and to connect with the values that have shaped a nation.” Quote 2: “Sheikh Zayed bin Sultan Al Nahyan’s legacy remains alive in every gallery, every story and every artefact, guiding the present and inspiring the future.” متحف زايد الوطني – Museum National Zayed

UAE Free Zones’ Impact on Economic Landscape

UAE Free Zones’ Impact on Economic Landscape

UAE Free Zones’ Impact on Economic Landscape By Hafsa Qadeer The UAE has long been a global leader in economic innovation and diversification. Among its most successful strategies has been the establishment of free zones, specialized business hubs that have transformed the nation from an oil-dependent economy into a diversified powerhouse of trade, logistics, technology, and services. Today, these zones are not just important contributors; they are central to the UAE’s economic identity and global standing. Driving Employment and Talent Development Free zones are one of the largest generators of employment in the UAE. Together, they host more than 60,000 companies and employ over 750,000 people, according to recent estimates. These zones attract both foreign talent and create pathways for Emiratis, aligning with long-term national workforce goals such as Emiratization. Major multinationals like Microsoft, Nestlé, Oracle, and Unilever have chosen UAE free zones as their base, offering residents access to high-paying, knowledge-based jobs. Unlike many free zones worldwide that focus narrowly on low-cost manufacturing, UAE zones emphasize skill development and innovation. Professionals gain international exposure and advanced training, which helps build a resilient, future-ready talent pool. Attracting Global Investment Over 40% of the UAE’s foreign direct investment (FDI) flows through free zones, according to the Ministry of Economy. This level of contribution is significantly higher than in many competing markets. For example, while free zones in countries like Malaysia or the Philippines capture between 15–25% of FDI, UAE zones have become magnets for global investors by offering stability, transparency, and regulatory ease. The result is not only capital inflows but also a surge in local service demand, construction, logistics, finance, and education, creating a ripple effect across the wider economy. Fueling Economic Diversification The volatility of oil markets pushed the UAE to diversify decades ago, and free zones have been the cornerstone of this shift. Today, non-oil sectors contribute more than 70% of the UAE’s GDP, with free zones leading in industries like trade, media, healthcare, and technology. Examples include: DMCC (Dubai Multi Commodities Centre): The world’s top free zone for nine consecutive years, driving global trade in gold, diamonds, and precious metals. Dubai Silicon Oasis: A hub for over 1,000 tech firms, fueling the UAE’s digital economy. Abu Dhabi Global Market (ADGM): A rising financial center ranked among the world’s leading international finance hubs. By comparison, many global free zones, such as those in Latin America, remain highly concentrated in manufacturing or re-export. The UAE’s diversified approach makes it far less vulnerable to global market shocks. Expanding Global Trade Reach The UAE’s location between Asia, Africa, and Europe has always been strategic, but free zones have elevated this advantage into a world-class logistics ecosystem. Jebel Ali Free Zone (JAFZA) alone handles more than $100 billion in trade annually and contributes nearly 24% of Dubai’s FDI inflows. Globally, free zones like Panama’s Colón Free Zone or Singapore’s Jurong Island are highly specialized. Yet the UAE outperforms many by offering multi-industry connectivity, integrated with state-of-the-art seaports, airports, and roads. Post-COVID, this reliability positioned the UAE as a vital link in global supply chains, connecting businesses to over two billion consumers across the Middle East, Africa, and South Asia. Supporting SMEs and Startups While free zones attract Fortune 500 companies, they are also vital for small businesses and entrepreneurs. Zones like RAKEZ and Sharjah Media City (Shams) provide affordable licensing packages, shared office spaces, and accelerators tailored for startups. The introduction of e-commerce and freelance permits has empowered young entrepreneurs, freelancers, and content creators to scale their ventures. Compared to free zones in Europe or the Americas, where setup costs are higher and regulations more complex, UAE zones offer faster registration, lower entry costs, and startup-focused support ecosystems, making them particularly appealing to SMEs. Challenges and the Road Ahead Competition among free zones within the UAE can create overlap, and renewal fees remain a concern for smaller businesses. Moreover, as the UAE has recently allowed 100% foreign ownership on the mainland, free zones must continue to innovate. Globally, free zones are increasingly being measured against digital transformation and ESG (environmental, social, and governance) benchmarks. The UAE is already ahead in this regard, with initiatives such as Dubai CommerCity for e-commerce and green-focused projects like Masdar City in Abu Dhabi, setting global standards. In less than four decades, the UAE’s free zones have rewritten the country’s economic story. They have attracted billions in investment, generated hundreds of thousands of jobs, and created a diversified economic structure admired worldwide. Unlike many international free zones that serve a narrow purpose, the UAE model integrates global trade, innovation, and workforce development. As the global economy evolves, UAE free zones are poised to remain not just relevant but exemplary offering a blueprint for how nations can transform location into strategy, and strategy into sustainable prosperity.

The UAE Steps into the Global AI Race with K2 Think Challenging Giants

The UAE Steps into the Global AI Race with K2 Think Challenging Giants

The UAE Steps into the Global AI Race with K2 Think Challenging Giants By Hafsa Qadeer When Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and partner G42 unveiled K2 Think in early September, the launch looked less like a dry academic release and more like a strategic debut. The system was presented not merely as another model but as an end-to-end, reproducible reasoning platform,  one designed to be inspected, tested, and reused by researchers worldwide. That positioning matters: it announces intent. Abu Dhabi is signaling that it wants to be a participant in shaping how advanced AI systems are built, measured, and governed. Engineering for reasoning, not for spectacle K2 Think’s technical framing is intentionally different from the headline-grabbing race for parameter counts. Public materials and partners emphasize that the model is compact (reported at roughly 32 billion parameters) yet optimized for reasoning tasks through long chain-of-thought supervised fine-tuning and reinforcement learning with verifiable rewards. By attacking the “hallucination” problem at the training and reward level, MBZUAI and its collaborators are pursuing a quality-over-quantity strategy: fewer parameters, but architectures and training regimes aimed at more reliable, verifiable outputs. Early descriptions stress that this is purpose-built engineering for cognitive robustness rather than rhetorical fluency. Speed as capability and infrastructure choice A striking technical claim attached to K2 Think is throughput: the system is reported to achieve around 2,000 tokens per second in inference,  a level of speed that changes how models are used in production, particularly for chained reasoning or agentic workflows that require many iterative steps. That throughput has been linked publicly to the choice of Cerebras inference hardware, a non-NVIDIA architecture the project used to demonstrate parameter-efficient performance at scale. The hardware–software pairing highlights a second lesson: performance is as much about the stack and deployment choices as it is about model design. Openness as a strategy in a fractured ecosystem MBZUAI’s decision to open-source substantial parts of K2 Think,  training recipes, weights, and evaluation methods,  places the project within a small but growing list of transparent reasoning efforts. DeepSeek’s R1 series earlier this year set a precedent for open, parameter-efficient reasoning models, arguing that transparency fosters reproducibility and rapid community innovation. By publishing K2 Think openly, the UAE project is wielding openness as geopolitical and scientific strategy: to attract global scrutiny, invite third-party benchmarking, and position Abu Dhabi as a reliable collaborator in a field where trust is scarce.  A redefinition of what it means to compete For much of the public conversation, the AI race was a duel between a handful of tech superpowers whose advantage was measured in teraflops and billions of parameters. K2 Think complicates that frame. It joins other entrants that argue efficiency, clever architectures, and improved training methods can rival brute force. That matters for countries and institutions with ambitions but not the deep compute budgets of hyperscalers: it suggests an alternative path to relevance. Instead of matching the giants pound for pound, nations can invest in targeted research, specialised datasets, and partnerships,  and still yield systems that matter to users and policymakers.  Sovereignty, soft power, and industrial policy K2 Think sits at the intersection of technological aspiration and national strategy. For the UAE, sovereign capabilities in AI feed economic diversification plans, talent development, and diplomatic posture. A domestically developed (or domestic-led) model that is also open to the world affords two levers: it supports local industry and expertise while projecting a narrative of responsibility and generosity to the global research community. In a world increasingly attentive to who controls algorithms, the choice to build and then share is itself a statement about how a state wants to be seen,  as both producer and curator of the tools that shape public life. Benchmarks, adoption, and the patience of proof The most immediate questions for K2 Think are empirical: do independent benchmarks corroborate performance claims; will developers and businesses adopt the system; and can the model’s efficiency translate into practical advantage across domains like math reasoning, code, or multi-step planning? Comparable releases in 2025 showed that early claims often require months of community validation. Transparency accelerates that process, because it invites replication; but it also exposes the model to rigorous critique. The path from promising lab demo to production ecosystem is long, and adoption will depend on documentation, tooling, safety evaluations, and real-world case studies more than on a single metric. A shifting map of influence in AI research Perhaps the most consequential effect of projects like K2 Think is cultural: they normalize the idea that global AI leadership need not be monopolised by a few corporations in two countries. When universities, regional tech firms, and sovereign funds collaborate to produce tools that the world can examine and reuse, the center of gravity of innovation becomes plural rather than polarized. That pluralization changes how rules get written,  from standards for model auditing to norms for safety and licensing,  because more diverse stakeholders will press for standards that reflect different priorities. For researchers and policymakers, the implication is clear: the future of AI governance will be contested not only by governments and big tech but also by a widening array of institutions claiming legitimate voice and authority.  The work ahead and the quiet of uncertainty K2 Think’s launch adds texture to an already complicated field. It demonstrates technical ambition, a deployment strategy that prizes speed and efficiency, and a diplomatic posture that leverages openness. Yet the real work,  broad validation, careful safety testing, and meaningful integration into products and public services,  remains to be done. What we are watching, therefore, is not simply a new model released to the internet, but a staged experiment in how a nation converts technical artifacts into influence, capacity, and norms. The outcomes of that experiment will be shaped as much by global peer review and adoption as by the rhetorical power of a launch day.

Tetiana Skoryna

Exclusive Interview with Tetiana Skoryna

Exclusive Interview with Tetiana Skoryna From Sharjah’s industrial beginnings to Dubai’s digital spotlight, Tetiana Skoryna shares her journey of resilience, creativity, and living the true ‘Dubai dream. By Hafsa Qadeer There are some stories that define resilience, courage, and the pursuit of passion and Tetiana Skoryna’s journey is one of them. From humble beginnings in Sharjah’s industrial area to becoming a widely recognized content creator in Dubai, Tetiana embodies what she calls the “Dubai dream.” Her life is a powerful example of how hard work, adaptability, and creativity can transform not just a career, but an entire identity. When Tetiana first arrived in Dubai, her reality was far from glamorous. She worked in a small car-parts shop in Sharjah, putting in long, challenging hours. From there, she moved into hospitality as a waiter and later found herself in the fitness industry as a trainer. Each step brought new lessons and a growing determination to push further. Together with her sister, she reached an important milestone by opening their own gym, a proud achievement for their family. Yet, deep within, Tetiana knew her journey wasn’t complete. Driven by her passion for creativity and storytelling, she took a leap of faith, shifting her focus to content creation full-time. Today, she shares her life, her experiences, and her love for Dubai with millions of people online. For Tetiana, this transformation is proof of the Dubai dream, where perseverance and belief can take you from “zero to hero.” Over more than a decade in the UAE, the city has shaped not only Tetiana’s career but also her character. Living in Dubai’s multicultural environment has taught her openness, adaptability, and respect for people from every corner of the world. She explains that this diversity has made her content more universal designed to connect with audiences across cultures, languages, and traditions. By creating content that reflects the shared human experience, Tetiana has not only become a better creator but also a more empathetic person. For Tetiana, everyday details of life in Dubai hold powerful meaning. Observing how people respect shared spaces, follow etiquette on the metro, and value harmony in public life has deeply influenced her. She incorporates these lessons into her videos, not as rules, but as reflections of respect and consideration. This mindful approach helps newcomers appreciate the city’s lifestyle, while also showcasing the unique spirit that makes Dubai stand apart. Her content highlights the richness of diversity not through polished brochures, but through real, everyday experiences. Whether it’s an Emirati family sharing food during Ramadan, a casual market interaction, or strangers from multiple countries bonding on the metro, Tetiana brings forward the beauty of these unscripted moments. Diversity in Dubai, she believes, is not something you just see, it’s something you live daily. This cultural blend has reshaped her storytelling approach. In creating content, she constantly considers whether people from Europe, Asia, or the Middle East can relate to it. That awareness makes her narratives universal, helping her connect authentically with audiences across the globe. Tetiana also sees her role as more than just an entertainer. She believes influencers can serve as cultural bridges, offering real glimpses of everyday life beyond stereotypes. The greatest reward for her is hearing from followers who say her videos gave them the confidence to move to Dubai, because through her content, they already feel at home. Looking ahead, Tetiana is inspired by the way the UAE is blending tradition with innovation. She admires how Emirati heritage is preserved while also evolving to resonate with younger generations in fields such as fashion, food, and architecture. For her, this balance between honoring roots and embracing the future is what makes Dubai so extraordinary, and it’s a narrative she is passionate about sharing with the world. Tetiana Skoryna’s story is not simply about personal success, it’s about growth, gratitude, and connection. From her first job in a small shop to inspiring millions through digital storytelling, her path reflects the possibilities that Dubai offers to dreamers who dare to work hard. In every video, every story, and every message she shares, Tetiana captures the essence of the city: a place where diversity thrives, respect shapes daily life, and ambition finds its wings. In her own words, “living the Dubai dream” means more than building a career, it means growing into the best version of yourself, while inviting the world to share in that journey.

United Arab emirates A Global Financial Powerhouse

United Arab emirates A Global Financial Powerhouse

United Arab emirates A Global Financial Powerhouse By Hafsa Qadeer Over the past two decades, the United Arab Emirates has orchestrated a remarkable transformation from an oil-dependent economy into a diversified global financial hub. In the gleaming skylines of Dubai and Abu Dhabi, gleaming towers and bustling business districts now mirror the country’s ambition. As His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, notes, the spectacular growth of Dubai’s financial sector “reflects the vision of His Highness Sheikh Mohammed bin Rashid… of transforming the Emirate into the region’s leading global financial centre”. This journey, from the 2004 launch of the Dubai International Financial Centre (DIFC) to the rapid rise of Abu Dhabi’s Global Market, underscores how strategic reforms and forward-looking leadership have built the UAE into a top-tier financial player. Economic Transformation and Diversification The UAE’s pivot from oil revenues to a broad economy has been dramatic. Today, non-hydrocarbon activity accounts for over 70% of GDP, a share once unimaginable. Fueled by this diversification, growth has remained robust even amid global volatility: the IMF projects GDP expanding around 4–5% through the mid-2020s. Credit rating agencies take note. For example, Fitch Ratings explicitly cites the UAE’s “moderate consolidated debt, strong net external asset position and high GDP per capita” in affirming its AA– rating (outlook stable). This strength is underpinned by Abu Dhabi’s vast sovereign wealth (net foreign assets around 122% of GDP) and prudent fiscal policy. World Bank and IMF forecasts signal continued growth ahead, driven by higher oil output and ongoing investment. Such macro strength stems from a deliberate strategy. Early on, UAE leaders opened the economy. They established liberal free zones, welcomed foreign investment, and kept the currency pegged to the U.S. dollar, creating stability and predictability. No personal income tax and only selective corporate taxes (introduced only in 2023) make the UAE highly attractive to capital. In effect, investors find a “transparent, efficient” regulatory environment coupled with a zero-bureaucracy ethos. As a result, the UAE has vaulted up the global business rankings. Its Invest UAE agency reports that FDI inflows reached $30.7 billion in 2023, a record that made the UAE the world’s second-largest FDI recipient that year. Following reforms (100% foreign ownership across sectors, simplified registration, free transferability of capital), greenfield projects surged. UNCTAD data show UAE FDI then leapt 49% in 2024 to $45.6 billion, defying global pullbacks. Put simply, investors keep “deploying capital where it’s easiest,” as UN trade officials observe. Dubai International Financial Centre (DIFC) Dubai’s financial engine is the DIFC, launched in 2004 as a special free zone with its own common law courts and regulators. By any measure, it has been a phenomenal success. Sheikh Maktoum, now President of the DIFC, notes that over 20 years DIFC growth “solidifies Dubai’s position as a world leading capital for financial services”. Today DIFC hosts nearly 7,000 companies, a 25% jump in one year, and posted record revenues of AED 1.78 billion ($484 million) in 2024. It is home to over 260 banks, 410 asset managers, 125 insurers and re-/reinsurance firms, and two-thirds of the region’s brokerage houses. In total, DIFC regulators now oversee more than 900 financial entities. This scale has drawn global finance players: 27 of the 29 Global Systemically Important Banks operate in DIFC, alongside 8 of the world’s top 10 asset managers. Notably, DIFC houses the region’s largest cluster of hedge funds (75 funds, 48 of them managing over $1 billion), placing Dubai among the world’s top ten hedge-fund centers. Essa Kazim, Governor of DIFC, celebrates this record: “Over the last 20 years, DIFC has played a leading role in transforming Dubai and the UAE’s economic landscape…”. Looking forward, DIFC’s Strategy 2030 aims to cement Dubai’s global standing. Arif Amiri, DIFC’s CEO, emphasizes that “DIFC continues to fortify its position as the region’s number one global financial centre… [by] collaborating with our clients and industry, developing infrastructure, evolving laws and regulations, and nurturing innovation”. Indeed, DIFC has enacted pioneering reforms: it passed the world’s first Digital Assets Law, expanded FinTech licensing, and set up co-investment platforms to fund startups. Dubai now ranks in the top five worldwide for FinTech hubs, reflecting a surge of tech-driven finance companies. Dubai’s leadership frequently underscores DIFC’s success as emblematic of broader goals. In public statements they hail DIFC as evidence that Dubai’s “vision… of transforming the Emirate into the region’s leading global financial centre” is being realized. The city has pursued international openness – forging listings of global IPOs, issuing sukuk and green bonds, and hosting events like the annual FinTech Summit, to build on this financial momentum. The Global Financial Centres Index now ranks Dubai among the top 15 cities globally (and number one in the Middle East) across multiple categories, a testament to its broad progress. Abu Dhabi Global Market (ADGM) Abu Dhabi has accelerated its own rise in finance, centered on the Abu Dhabi Global Market (ADGM) IFC. Though younger than DIFC, ADGM has benefited from massive capital reserves and strong government support. Its growth has been explosive: over the past year ADGM firm registrations jumped 32%, new business licenses by 67% (in Q1 2025), and assets under management by an astonishing 245%. New hedge fund, asset management and family office entrants, often spurred by Abu Dhabi’s deep capital markets and sovereign funds, have flocked there. Even major U.S. alternatives manager Harrison Street announced an Abu Dhabi office in 2024, joining Goldman Sachs and others expanding in the cityr. ADGM’s leadership consciously brands it as a stable, globally oriented hub. The CEO of ADGM’s Financial Services Regulatory Authority argues that growth has been buoyed by the UAE’s “political neutrality and ease of doing business”, factors that attract firms (from crypto startups to family offices) seeking a safe yet open base. A Hong Kong regulator’s public comment sums it up: ADGM provides “transparency, efficiency and integrity” under an English-based legal framework, making it an ideal launchpad for the Middle East. ADGM Chairman Ahmed Al Zaabi puts

The UAE Fintech Ecosystem

The UAE Fintech Ecosystem A High-Growth Market Paving the Future of Finance

The UAE Fintech Ecosystem A High-Growth Market Paving the Future of Finance By Peter Davis The United Arab Emirates (UAE) is rapidly establishing itself as a dominant force in the global fintech landscape. Situated strategically at the crossroads of East and West, the UAE has successfully leveraged its geographic, regulatory, and technological advantages to cultivate a thriving fintech ecosystem. With continued investments, a forward-thinking regulatory regime, and an innovation-centric economy, the UAE’s fintech industry is not just evolving it is accelerating at an unprecedented pace. As a fintech expert observing this dynamic transformation, it is clear that the convergence of favorable policies, world-class infrastructure, and tech-savvy consumers has positioned the UAE as the fintech capital of the Middle East and North Africa (MENA) region. This article unpacks the growth trajectory, ecosystem drivers, key segments, regulatory frameworks, and the future outlook of the fintech sector in the UAE. A Market Ripe for Innovation The UAE’s financial technology market has seen exponential growth over the past five years. According to Magnitt and other industry reports, the country attracted over 47% of total fintech investments in the MENA region as of 2024. With more than 800 fintech startups operating in the country, up from just 46 in 2015, the growth curve is steep, driven by supportive policy frameworks and significant capital inflows. Dubai and Abu Dhabi, the country’s two major financial centers, have become fertile grounds for fintech startups. These emirates are home to major accelerators like DIFC FinTech Hive and ADGM’s Digital Lab, both of which offer sandbox environments, funding opportunities, and exposure to a broad network of investors and financial institutions. Key Drivers of UAE’s Fintech Surge 1. Government-Backed Innovation From the onset, the UAE government has played a pivotal role in promoting digital transformation. Visionary strategies such as the UAE Vision 2031, the Smart Dubai Initiative, and the National Artificial Intelligence Strategy 2031 are key frameworks that embed fintech as a central enabler of economic diversification. The Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) are more than just financial free zones, they are innovation incubators backed by regulators that are agile and pro-digital. Initiatives like the DIFC Innovation Hub and FinTech Hive provide world-class infrastructure and investor access to emerging fintech firms. 2. Digital-First Consumer Behavior With over 99% internet penetration and high smartphone usage, UAE consumers are digitally native. According to Visa’s 2023 study, nearly 70% of UAE consumers had used at least one form of fintech application—ranging from e-wallets and robo-advisory platforms to BNPL (buy now, pay later) services and crypto trading apps. This digital readiness has created fertile ground for fintech companies to scale rapidly, especially in areas such as digital banking, P2P payments, and investment platforms. 3. Robust Investment Climate The UAE fintech ecosystem has also gained the attention of global venture capital and private equity investors. In 2023 alone, UAE fintech startups raised over $400 million in funding, with mega deals going into neobanks, regtech solutions, and blockchain ventures. Government-affiliated funds, including Mubadala and Dubai Future District Fund, are actively investing in early- and growth-stage fintechs. Fintech Segments Driving Growth 1. Digital Payments and Wallets Payments remain the bedrock of fintech growth in the UAE. With the rise of e-commerce and contactless transactions, digital payment platforms like Payit (by FAB), Emirates Digital Wallet, Apple Pay, and Google Pay have seen widespread adoption. Paytech innovation is also evident in real-time payment infrastructures like the UAE’s Instant Payment Platform (IPP), expected to revolutionize local and cross-border payments. 2. Neobanks and Challenger Banks Digital-only banks are rapidly entering the UAE market, targeting a young, mobile-savvy population. Players like Wio Bank, YAP, and Zand have successfully carved niches in SME banking, personal finance, and digital wealth management. These institutions offer a frictionless banking experience with features such as instant onboarding, integrated payments, and AI-driven financial planning. 3. Wealthtech and Robo-Advisory With a growing pool of high-net-worth individuals (HNWIs) and millennials interested in self-directed investing, platforms like Sarwa, StashAway, and Baraka are democratizing investment in stocks, ETFs, and cryptocurrencies. These platforms are backed by AI algorithms and regulatory compliance with the Securities and Commodities Authority (SCA). 4. Blockchain and Crypto The UAE is a regional pioneer in blockchain and digital assets regulation. ADGM and VARA (Dubai’s Virtual Assets Regulatory Authority) have issued comprehensive frameworks for crypto exchanges, wallet providers, and token issuers. Global firms like Binance, Crypto.com, and Kraken have chosen Dubai as their regional base due to regulatory clarity and pro-innovation policies. 5. Insurtech and Regtech Although still emerging, the insurtech segment is gaining traction. Platforms offering usage-based insurance, digital underwriting, and automated claims processing are beginning to reshape traditional insurance models. Simultaneously, regtech firms are helping banks and fintechs comply with KYC, AML, and risk management requirements using AI and data analytics. Regulatory Landscape Agile, Adaptive, and Future-Oriented The regulatory environment in the UAE deserves special mention. The UAE Central Bank, Securities and Commodities Authority (SCA), DIFC, and ADGM have all introduced sandbox programs and fintech-specific licensing regimes. Key regulatory milestones include: Central Bank’s Stored Value Facilities (SVF) Regulation (2020): Lays down the groundwork for e-wallets and prepaid card solutions. ADGM’s Digital Lab: Enables fintechs to test new solutions in a controlled environment. Dubai’s VARA Framework (2022): Sets comprehensive guidelines for virtual asset service providers (VASPs), including licensing, cybersecurity, and governance. The UAE’s consultative approach regularly engaging fintech firms for feedback, demonstrates a regulatory maturity rare in the region. Challenges in a Rapidly Growing Sector Despite impressive strides, the UAE fintech industry faces challenges that must be addressed to sustain its momentum: Talent Gap: The demand for fintech-specialized talent, particularly in blockchain, data science, and cybersecurity, outpaces supply. Although the UAE has relaxed visa policies for tech professionals, more investment in local upskilling is essential. Data Sovereignty and Cybersecurity: As digital financial services expand, so do the risks of cyber-attacks and data breaches. Ensuring robust cybersecurity and data privacy frameworks will be key to maintaining consumer trust. Bank-Fintech Collaboration: While collaboration between legacy

Discover how the UAE and UK are pushing the boundaries of climate intervention, exploring bold technologies and policies to combat environmental challenges.

How the UAE and UK Are Testing the Limits of Climate Intervention

How the UAE and UK Are Testing the Limits of Climate Intervention By Hafsa Qadeer As climate extremes intensify and global emissions continue to outpace reduction targets, the question of climate engineering has moved from academic theory to real-world action. Two nations, in particular, are taking very different paths toward atmospheric intervention: the United Kingdom and the United Arab Emirates. While the UK is preparing to experiment with solar radiation modification (SRM) to reduce global temperatures, the UAE has become a world leader in cloud seeding to combat water scarcity. Both efforts are designed to address the escalating impacts of climate change, yet they raise urgent ethical, scientific, and environmental questions about manipulating the sky in the absence of a global consensus. The UK’s Push for Planetary Cooling On 7 May 2025, the UK’s Advanced Research and Innovation Agency (ARIA) announced a £60 million research programme to explore solar geo-engineering techniques. The initiative, known as Exploring Climate Cooling, supports five new projects that may lead to real-world outdoor experiments. Among the planned approaches are Stratospheric Aerosol Injection (SAI) and Marine Cloud Brightening (MCB), two methods designed to reflect solar radiation and mimic the temporary cooling effects seen after volcanic eruptions. These methods could theoretically reduce global temperatures, buying time as countries work to meet their emissions goals. One SAI project involves sending mineral dust into the upper atmosphere via a weather balloon to study its behaviour. In another, researchers may spray a fine mist of seawater into the air from a coastal UK location, brightening low-altitude clouds to increase their reflectivity. Another experiment will focus on Arctic sea ice thickening, based on the theory that restoring albedo in polar regions could help slow melting and delay feedback loops. A modelling-based project is also looking into the potential for space-based mirrors or reflectors, although such interventions remain conceptual. ARIA has emphasized that no outdoor trials will proceed without environmental impact assessments, full public consultation, and strict oversight. The agency clarified that no toxic substances will be released in any proposed experiment. “There’s a critical missing gap in our knowledge on the feasibility and impacts of SRM,” said Mark Symes, programme director at ARIA. “To fill that gap requires real-world outdoor experiments.” Yet the announcement has triggered concern from leading scientists and climate experts. Professor Raymond Pierrehumbert, a planetary physicist at the University of Oxford, warned that solar geo-engineering offers a dangerous illusion of control. “It just kicks the can down the road,” he said. “It doesn’t take away the carbon dioxide in the atmosphere.” The UAE’s Cloud Seeding Operations In stark contrast, the UAE has pursued a different form of atmospheric intervention for more than two decades, cloud seeding. Aimed at increasing rainfall in one of the driest regions on Earth, this practice involves aircraft releasing salt flares into cumulus clouds to enhance condensation and precipitation. According to the UAE’s National Center of Meteorology (NCM), over 300 cloud seeding missions are carried out annually. The country also funds international research into rain enhancement through its UAE Research Program for Rain Enhancement Science (UAEREP), offering millions in grants to develop cloud seeding technologies. In July 2022, the NCM confirmed that cloud seeding operations had helped increase rainfall during periods of extreme heat. More recently, radar-confirmed rainfall across the eastern UAE in March and April 2025 was also linked to targeted seeding efforts. While the UAE’s seeding programme focuses on regional water security rather than global climate control, the underlying technique, releasing particles into the atmosphere, mirrors some aspects of SRM. However, the UAE has maintained that its methods use natural materials such as salt, in contrast to sulphur-based aerosols proposed in some SRM experiments. According to Dr. Abdulla Al Mandous, Director General of the NCM and President of the World Meteorological Organization (WMO), cloud seeding is considered a critical component of the UAE’s climate adaptation strategy, not an attempt to regulate the broader climate system. The Science and the Risks Both SRM and cloud seeding share a fundamental premise: human-engineered changes to the atmosphere. But while one aims to cool the planet, the other tries to localize rainfall, and the implications vary widely. Scientific models have shown that SRM, particularly SAI, could disrupt global weather systems. One study found that brightening clouds off the coast of Namibia could reduce rainfall in South America, threatening the Amazon Basin. Another published in Earth’s Future (2024) suggested that using existing aircraft to inject aerosols at lower altitudes would require triple the materials, increasing risks of acid rain and atmospheric instability. Cloud seeding, though narrower in scope, isn’t immune to scrutiny either. Critics have questioned whether artificially induced rainfall could interfere with neighbouring weather systems or strain regional water cycles. However, scientific consensus to date suggests that the effects are largely localised, and the materials used are not harmful in current quantities. Yet in both cases, the absence of international regulation has raised alarms. As of August 2025, no global legal framework exists to govern geo-engineering practices. This leaves room for private ventures, such as US-based startup Make Sunsets, which launched sulphur dioxide-filled balloons commercially and drew backlash from Mexico and environmentalists worldwide. In the US, multiple states, including Florida and Tennessee, have passed laws restricting or banning geo-engineering and weather modification. A Harvard-led SRM experiment known as SCoPEX was also cancelled in 2023 after opposition from environmental groups and Indigenous communities in Sweden. A Shared Atmosphere, Diverging Philosophies The difference between the UK and UAE lies not just in scale, but in intention. Britain’s exploration of SRM is global in ambition, attempting to offset the warming effects of industrial emissions that began in the 18th century. The UAE’s use of cloud seeding is local in scope, focused on addressing immediate needs in a water-stressed environment. But the philosophical divergence goes deeper. SRM is often viewed as a stopgap for mitigation failures, while the UAE positions cloud seeding as part of a broader adaptation strategy that includes renewable energy, desalination, and conservation. Yet both efforts

Salem Al-Hashmi From Phone Deals to Building the Future of Web3

Salem Al-Hashmi From Phone Deals to Building the Future of Web3

Salem Al-Hashmi From Phone Deals to Building the Future of Web3 By Hafsa Qadeer Long before blockchain entered the mainstream conversation, before Bitcoin headlines dominated the global news cycle, and before “Web3” became a buzzword, Salem Al-Hashmi was laying the groundwork for a future he couldn’t yet define, but one he was instinctively building toward. In the heart of Abu Dhabi, amid the hum of marketplaces and second-hand tech shops, a young Salem was making his first moves, not from a high-rise office or sleek co-working hub, but from the ground up in the fast-paced world of mobile phone trading. Buying, flipping, fixing, and negotiating, Salem developed not just a keen sense for commerce but an intuitive grasp of people. These early days were anything but glamorous, but they were real, and they taught him one of life’s hardest-earned truths: success doesn’t arrive, it’s built, piece by piece, trade by trade, call by call. At the time, he had no inkling that this scrappy hustle would later fuel a much bigger leap. Years passed, and when the COVID-19 pandemic brought the world to a halt, Salem found himself once again at a crossroads. The external chaos echoed internal uncertainty, missed calls, closed doors, lost momentum. But true to his nature, standing still wasn’t an option. While others froze or fled, Salem turned his focus toward what many still dismissed as digital gambling, cryptocurrency. But he wasn’t chasing hype or headlines, he was thinking long-term. “It wasn’t a gamble,” he reflects. “It was a calculated move toward the future.” Where some saw trends, he saw infrastructure, a new way to rebuild trust, transfer value, and reshape the very architecture of finance. He didn’t take shortcuts. Salem read obsessively, followed market patterns, made early investments, suffered losses, and recalibrated. Like many in the space, he initially got swept into the noise, fast gains, viral tokens, empty promises. But unlike many, he learned quickly. Those missteps became fuel for sharper strategy, and hype gave way to discipline. Soon, trading became more than a numbers game. It became a lesson in risk management, in emotional control, in delayed gratification. Salem’s efforts paid off. On Binance, the world’s leading crypto exchange, he ranked among the top three traders globally by Sharpe ratio, a measure that balances return with risk. It wasn’t just about earning, it was about earning smart. But profit was never the final goal. As he immersed deeper into the crypto ecosystem, Salem began to notice a troubling pattern: the space was crowded with noise, self-proclaimed gurus, questionable projects, predatory schemes. What disturbed him most was the vulnerability of those entering without proper knowledge, often lured by illusions of easy wealth. So, true to his builder’s spirit, Salem created a solution. What began informally became a movement, the Abu Dhabi Crypto Community. It wasn’t a company or a commercial brand. It was a safe space, both online and off, where curious minds could gather, ask questions without fear, and learn without pressure. “We don’t just spread awareness,” Salem says. “We build confidence and capability.” What started as informal chats turned into regular meetups. Conversations deepened, trust grew, and Salem became less of a public figure and more of a mentor. He taught people how to spot red flags, resist urgency, and walk away from anything promising instant riches. His golden rule? “If it feels like pressure, it’s probably a trap.” At the core of all his work is one unshakable foundation: values. Salem’s entrepreneurial compass is not driven by trends, but by faith and integrity. “What’s meant for you will reach you,” he often says, “but only if you work with honesty and intention.” In a space often defined by opacity and self-promotion, his approach stands out. He shares his trades publicly, walks others through his reasoning, and encourages a culture of radical transparency. For him, trust isn’t built by image, it’s built by action. Today, when asked what truly drives him, his answer is immediate: impact. Salem is no longer building for himself. He’s creating systems that empower others, platforms for education, mentorship, and ethical investing. His dream is clear: a UAE where every ambitious young person with a smartphone can access the same opportunities he had to fight for, regardless of their background. “Crypto is just the beginning,” he says. “The real mission is empowerment.” He envisions a Middle East that doesn’t trail global innovation, but leads it, a generation of coders, creators, and visionaries rising not from Silicon Valley, but from Sharjah, Abu Dhabi, and Riyadh. And for that to happen, he believes the technology must evolve alongside the people, rooted in community, led by ethics, and driven by a shared sense of purpose. Salem doesn’t seek the spotlight. He doesn’t position himself as a crypto mogul. He sees himself as a bridge, between old systems and new, between confusion and clarity, between ambition and meaningful action. As he continues to develop educational platforms, grow mentorship networks, and lead ethical investment initiatives, one thing is certain: his mission is bigger than his name. “Legacy isn’t what you leave behind,” he says. “It’s what continues because of you.” In a region charging toward its digital future, Salem Al-Hashmi isn’t just surfing the wave of Web3, he’s helping shape its very direction. And as a new generation of dreamers watches, learns, and rises with him, his story stands as a reminder that true innovation begins not with technology, but with intention.