From Oil to Algorithms: How the UAE Is Positioning Itself in the Global AI Economy

Dubai, United Arab Emirates – 4 June 2026

Artificial intelligence is reshaping the foundations of economic competition. What was once a race for natural resources, trade routes and industrial capacity is increasingly becoming a race for computing power, data infrastructure and the ability to develop and deploy AI at scale.

The shift has turned data centres, advanced computing capacity and digital infrastructure into strategic economic assets. Governments and major technology companies are pouring billions into the infrastructure required to support next-generation AI systems, with industry forecasts suggesting the technology could add trillions of dollars to global economic output in the years ahead.

The UAE is positioning itself at the centre of that transformation through sustained investment in digital infrastructure, computing capabilities and emerging technologies.

Wael Rashid, Business Development Manager and Official Spokesperson at Evest, said:

“For decades, economic strength was closely tied to natural resources and logistics networks. Today, computing capacity has become part of that equation. Countries that build strong digital infrastructure early will be better placed to capture the economic opportunities created by artificial intelligence.”

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Expand Sovereign AI Capabilities with Core42 Compass

Open Innovation AI Apps Now Available on Core42 Compass to Expand Sovereign Enterprise AI Capabilities

June4 2026, Abu Dhabi, United Arab Emirates: Core42, a G42 company specializing in sovereign cloud and AI infrastructure, today announced that Open Innovation AI, a leader in sovereign AI infrastructure orchestration and agentic AI platforms, will bring Open Innovation AI’s sovereign AI stack to Core42’s customers, with its AI Apps accessible through the Compass API platform.

The integration will enable Core42 customers to access Open Innovation AI Apps through Compass as part of a broader set of enterprise AI application capabilities available on the platform. The arrangement is designed to give organizations greater flexibility in adopting AI applications within governed, scalable, and sovereign-ready environments.

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Experience Italy at UAE’s Portofino Festival 2026

UAE’s Newest Staycation Island, The Heart of Europe, Brings the Best of Italy to the Portofino Festival with Authentic Music, Art, and Cuisine

As summer vacation approaches and staycation demand surges, The Heart of Europe offers experiential lifestyle activations for residents who want to unwind at a scenic destination in the UAE

Date: Dubai, UAE; June 04, 2026

The Heart of Europe, an idyllic staycation destination at The World Islands in Dubai, is bringing Italy to Arabian shores with its Portofino Festival, a picturesque celebration of Italian beauty featuring gourmet cuisine, vibrant culture, and iconic music. Running from June 5 to June 27, 2026, the Portofino Festival promises an authentic Italian experience across three of The Heart of Europe’s hotels: voco Dubai Monaco, voco Dubai Nice, and Sweden Beach Palace.

It is the third European-themed festival hosted at The Heart of Europe this year, following European Ramadan and Tunaria – an ongoing bluefin tuna culinary experience inspired by Spanish fishing traditions that continues every Friday due to popular demand following its official conclusion in May.

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Abu Dhabi Real Estate: 4 Key Growth Factors for 2026

Object 1 highlights four drivers behind Abu Dhabi’s 2026 real estate growth

Four reasons why Abu Dhabi is driving UAE real estate in 2026

Abu Dhabi is entering a pivotal phase in its real estate journey, emerging as one of the UAE’s most compelling destinations for both end users and investors heading into 2026. With the capital’s population forecast to exceed 6 million by 2040, this growth is expected to support sustained long-term demand for housing and urban infrastructure.

Backed by national frameworks alongside infrastructure investment and regulatory transparency, the capital is steadily laying the foundations for long-term property demand. Against this backdrop, Object 1outlines four key factors shaping Abu Dhabi’s next phase of real estate growth.

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International law firm, Mishcon de Reya, opens its doors in Dubai

  • New office launch in DWTC Free Zone marks the firm’s continued growth in the Middle East, following over 30 years of advising clients across the region
  • With a presence in ADGM and Dubai, Mishcon de Reya serves businesses, investors, and families navigating the Gulf’s cross-border legal landscape

Dubai, United Arab Emirates – 4 June 2026Mishcon de Reya, an international law firm with more than 650 lawyers globally, operating at the intersection of complex disputes, global capital and economic transformation, today announced the official opening of its Dubai office, further strengthening the firm’s operations in the UAE.

Abdullah Al Banna – VP Free Zone Regulatory Operations at DWTC

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