ORA Developers Awards United Engineering Construction [UNEC] AED 1.9 Billion Main Works Contract for Phase 1 of BAYN
Dubai, UAE – 4 June 2026– ORA Developers today announced the appointment of United Engineering Construction [UNEC] as the Main Works Contractor for Phase 1 of BAYN.
The AED 1.9 billion contract covers the construction of 614 residential units. These include townhouses and standalone villas across Cluster B, Y Waterway; Cluster C, Y Lagoon; and Cluster D, Y Lagoon II. The scope also includes associated infrastructure and landscape works.
As part of a broader initiative to strengthen partnerships with UAE universities and colleges
Sharjah Islamic Bank, University of Sharjah Collaborate to Promote Financial Literacy and Develop National Talent
Sharjah, United Arab Emirates, June 4, 2026: Sharjah Islamic Bank and the University of Sharjah (UoS) have signed a Memorandum of Understanding (MoU) aimed at establishing a general framework for cooperation between the two parties across financial literacy, professional development, practical training, talent acquisitionand enhancing students’ readiness for the post-graduation phase. The partnership seeks to bridge academic education with practical application and support joint initiatives that create added value for both institutions and their target audiences.
Artificial Intelligence (AI) shaping future of private sector in Arab world, highlights seminar
Dr. Nidal Abou Zaki: The gap between companies using AI and those not ahead of current technological trends is set to widen
AI is driving economic competitiveness and investments
44 per cent of current skills are anticipated to change over next five years
The global AI market is projected to reach USD 4.8 trillion by 2033
40 per cent of global jobs face digital transformation impact
June 4, 2026:Artificial Intelligence (AI) is emerging as a decisive force shaping the future of the private sector across the Arab world, fundamentally transforming business environments, corporate structures, and institutional performance, according to Dr. Nidal Abou Zaki, Founder and Managing Director of Orient Planet Group (OPG), who delivered the keynote address during a forum held recently at Al-Ahram Establishment in Cairo.
The event brought together business leaders, technology experts, economists, and media professionals to discuss the profound technological transformations reshaping corporate environments as the private sector in the Arab world faces a new phase of economic and digital transformations. Discussions focused on AI’s growing influence on management practices, productivity, competitiveness, decision-making, and the future of work.
Family offices pivot to resilience as geopolitical risk and structural uncertainty reshape global portfolios
Majority of those surveyed plan strategic portfolio changes, increase diversification across currencies, and deepen investment in artificial intelligence amid a more complex, global investment landscape
Dubai/ United Arab Emirates, June 03, 2026 – UBS, the largest truly global wealth manager, today announced the publication of the UBS Global Family Office Report 2026, which surveyed its family office clients around the world on the unique challenges and opportunities they face. Drawing on insights from 307 family offices across more than 30 markets with an average net worth of USD 2.7 billion, the report finds that family offices are prioritizing resilience, diversification and long-term thematic opportunities, as they prepare for sustained geopolitical and economic uncertainty.
AI, resilience and supplier risk to dominate procurement agenda in the Middle East
CIPS MENA Futures Forum to spotlight how procurement leaders are navigating AI disruption, geopolitical uncertainty and growing supply chain complexity
Dubai, 4 June 2026: Artificial intelligence (AI), supply chain resilience and supplier risk management are set to dominate discussions among procurement and business leaders across the Middle East as organisations face mounting pressure to modernise operations and strengthen long-term resilience.
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