Business & Investments

Abu Dhabi and Hong Kong enhance regulatory cooperation on cross-border investment management

Abu Dhabi, UAE, 15 May 2025: The Financial Services Regulatory Authority (FSRA) of ADGM and the Securities and Futures Commission (SFC) have entered into a Memorandum of Understanding (MoU) to enhance regulatory cooperation on the supervision of investment managers of collective investment schemes based in either jurisdiction. 

The SFC CEO, Ms Julia Leung (left) met with ADGM FSRA CEO. Mr. Emmanuel Givanakis (right) in Doha

The MoU was signed on the sidelines of the annual general meeting of the International Organisation of Securities Commissions (IOSCO), held in Doha, the State of Qatar.  The SFC’s Chief Executive Officer, Ms Julia Leung, and its Executive Director of Investment Products, Ms Christina Choi, joined FSRA’s Chief Executive Officer, Mr Emmanuel Givanakis, at the meeting held yesterday.   

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Business & Investments

Forbes Middle East Reveals The Top 100 Arab Family Businesses 2025

Showcasing resilience, reinvention, and regional dominance across generations

  • Saudi Arabia and the UAE dominate, with 33 and 32 companies, respectively.
  • Saudi Arabia’s Al Muhaidib Group and Abdul Latif Jameel top the list.
  • Sustainability and innovation are at the heart of the strategies of these leading families.

Dubai, May 12 2025: Forbes Middle East has unveiled its annual ranking of the Top 100 Arab Family Businesses for 2025, spotlighting the region’s most influential dynasties navigating transformation and innovation while preserving generational wealth. To compile this ranking, Forbes Middle East evaluated companies that are owned or managed by Arab families. The selection was based on several factors, including the size and value of their assets, business performance, recent activity, company age and legacy, and the breadth of their geographic and sector diversification.

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Business & Investments

Raytheon, an RTX Business, Inaugurates Production and Assembly Facility to manufacture the Coyote counter drone interceptor at Tawazun Industrial Park

Raytheon, an RTX Business, Inaugurates Production and Assembly Facility to manufacture the Coyote counter drone interceptor at Tawazun Industrial Park

The new facility is part of Raytheon and Tawazun Council’s plan to locally manufacture the Coyote counter drone interceptor in the UAE

Abu Dhabi, 15 May 2025 – Raytheon, an RTX business, announced the inauguration of a new advanced industrial facility at Tawazun Industrial Park in Abu Dhabi. The facility will serve as a specialised centre for the production and assembly of the Coyote counter-unmanned aerial system (C-UAS), reflecting the company’s ongoing commitment to supporting the UAE’s efforts in localising advanced defence manufacturing.

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Automibiles & Motoring

ROX Motor Surpasses 10,000 Global Deliveries, with UAE Sales Exceeding 2,000 as Market Demand Strengthens in the Middle East

Abu Dhabi, UAE – ROX Motor, a global luxury new energy vehicle brand committed to becoming the leading new energy vehicle brand for outdoor lifestyle enthusiasts worldwide by 2030, announced at Auto Shanghai 2025 that its global deliveries have surpassed 10,000 units, marking a new milestone in the brand’s growth journey.

In the UAE, one of ROX Motor’s key overseas markets, ROX 01 continues to earn widespread recognition for its robust all-terrain capabilities, refined driving experience, and versatility across diverse outdoor scenarios. To date, over 2,000 units have been sold in the UAE, placing it among the top five best-selling luxury all-terrain SUVs in the market. Notably, ROX 01 has also been selected as UAE MOI Vehicle, further affirming the product’s strength and reliability.

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Technologies

Huawei Launches New Line-Up of Wearables, Ushering in the Future of Personal Technology

Dubai, United Arab Emirates, 15 May 2025: Huawei announced a series of innovative products and pioneering technologies under the theme “Fashion Next” at its Innovative Product Launch in Berlin today. Combining cutting-edge technology innovations with unique insights into fashion and aesthetics, Huawei is shaping a smarter and more stylish vision for the future.

HUAWEI WATCH 5 pioneers a leap in innovation through new interactive design

The all-new HUAWEI WATCH 5 introduces groundbreaking innovations that revolutionise intelligent interaction. A key highlight is the significantly enhanced HUAWEI TruSense™ System, which now integrates the new Multi-sensing X-TAP Technology, powered by a Distributed Sensor Module. This advanced system allows users to perform health monitoring effortlessly with fingertip measurements, ensuring more accurate, faster, and comprehensive health insights. Additionally, gesture control has been upgraded to support “Double Slide” and “Double Tap” gestures, providing users with more intuitive control. The HUAWEI WATCH 5 also debuts in exclusive Purple and Sand Gold colours, reflecting a distinctively sophisticated style.        

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