Monthly Archives: February 2026

Real Estate

ATARA Development Launches The Residences at Sheraton Al Marjan Island Resort, GCC’s First Sheraton Branded Residences

Ras Al Khaimah, UAE – February 2026 – Following its strategic collaboration agreement with Marriott International, ATARA Development has officially launched The Residences at Sheraton Al Marjan Island Resort. The development represents the GCC’s first Sheraton-branded residences, featuring 159 branded apartments scheduled for completion in Q3 2028.

Located on Al Marjan Island, the project blends a refined island lifestyle with exclusive hotel privileges. Positioned near the UAE’s first integrated resort, it places residents at the center of a premier entertainment hub. With sales now officially open, prices for these exclusive waterfront residences start from AED 2.4 Million.

Arch. Abdullah Al Abdouli, Group CEO of Marjan, said, “The launch of The Residences at Sheraton Al Marjan Island Resort represents another significant milestone for Al Marjan Island’s evolution as a premier coastal destination. Developments of this calibre reinforce Ras Al Khaimah’s growing global appeal and demonstrate how branded residential concepts are shaping the future of waterfront living. By bringing together ATARA’s development expertise and Sheraton’s hospitality legacy, this project offers a compelling proposition for residents.

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Ramadan Kareem

Union Coop’s ‘Year of the Family’ Ramadan Campaign with Up to 60% Off 3,000 Products

The campaign includes a price freeze on 160 essential items, community initiatives such as Iftar distribution of dates and water, live cooking sessions, digital donations, weekly prize draws, and the chance to win two cars during Ramadan.

DUBAI, UAE:

Union Coop held a press conference at its headquarters in Al Warqa City Mall in the presence of its CEO, Mr. Mohamed Al Hashemi, representatives from the Ministry of Economy, media, and department leaders, where it unveiled its Ramadan strategy aimed at supporting families and maintaining market stability.

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Education

University of Dubai Signs Strategic MoU with Laura Mazza to Advance Academic and International Collaboration between UAE & Italy

Dubai, UAE – The University of Dubai has signed a Memorandum of Understanding (MoU) with Laura Mazza, marking a significant step forward in strengthening international academic cooperation and fostering cross-cultural engagement between the United Arab Emirates and Italy.

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Business & Investments

Over 40% of UAE Organizations Now Rank as AI Leaders, Matching Global Front-Runners

42% of organizations now qualify as AI Leaders, reflecting strategic investments in AI infrastructure and commitment to the AI 2031 Strategy.

  • 39% of all GCC organizations now qualify as AI Leaders and 37% of UAE organizations have reached the critical ‘Scaling’ AI maturity stage, marking a shift from pilots to enterprise-wide implementation.
  • The GCC region sets global standards, with its Public Sector achieving the highest AI maturity level across surveyed markets globally, while Tech, Media and Telecom (TMT) rank first within the GCC.

Dubai, UAE, 11 February 2026 – The UAE has positioned itself as a leading AI market, with 42% of organizations now qualifying as AI Leaders according to a comprehensive new study by Boston Consulting Group. The report, “Unlocking Potential: How GCC Organizations Can Convert AI Momentum into Value at Scale,” reveals that UAE organizations are not only matching global peers but demonstrating exceptional progress in enterprise-wide AI deployment.

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