WAM
May 27: More than 20 years since its establishment in 2000, Dubai Internet City (DIC) continues to be among the world’s preferred hubs for new economy companies, with several high-growth, high value-added, technology-enabled global firms recently choosing DIC to establish their regional operations.
The latest to join the ever-growing ranks of new economy companies making DIC their home is the American content delivery network and DDoS mitigation company Cloudflare.
Earlier this week, Cloudflare announced Dubai as its first office in the Middle East to support its growing EMEA operations, offering a base for the growing Cloudflare team in the Middle East and Turkey.
Cloudflare’s Dubai-based team will help the company grow brand awareness, acquire and support customers, and recruit new talent. Dubai’s rapidly evolving tech ecosystem has helped it swiftly mature into a significant hub for new-age enterprises, including established multinationals, unicorns, and startups.
As the region’s leading tech hub, Ammar Al Malik, Managing Director of DIC, welcomed Cloudflare into DIC’s growing community, and said that he remains committed to offering Cloudflare the same enabling platform.
“Several sectors have undergone rapid digital transformations and have witnessed increased cloud adoption. This makes a secure and reliable digital infrastructure necessary, given the potential opportunities. Cybersecurity is critical for the tech sector, with the global cybersecurity market set to reach a value of $317 billion by 2027, according to Mordor Intelligence,” added Al Malik.
He also noted that DIC’s inclusive business environment, led by international players that have established their headquarters in the City, has helped make it a hub for IT companies and tech-savvy talent over the last 20 years.
Cloudflare has data centres in 270 cities across 100 countries worldwide, including 27 data centres in the Middle East and Turkey region. The company has doubled its EMEA team to about 700 employees over the last two years.
For the Middle East and Turkey region, Cloudflare will prioritise launching new data centres, increasing market share by building partnerships, and expanding its customer base and the local team to cope with the business growth to serve its customers better.
Earlier this month, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, directed the formation of a higher committee to prepare the Dubai Metaverse Strategy to contribute to enhancing Dubai’s position as a global hub for the technology.
The higher committee, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, will supervise technological developments in the emirate and oversee developments in the digital economy.
It will enhance Dubai’s status as the best city in the virtual space thanks to innovative services and its advanced regulatory and legislative framework. The emirate approved a new Virtual Asset Regulation Law in March to ensure investor protection and transparency.
Last year, Dubai issued over 72,000 new business licences, a growth of 69 per cent compared to 2020, reaffirming Dubai’s position as a global business and investment hub and reinforcing its status as a successful model for the recovery of the business sector.
In 2021, Dubai led the world in attracting foreign direct investment (FDI) with a record number of 418 greenfield FDI projects.
Chief Storyteller – Abhishek Sengupta
Storytelling has been at the heart of everything I’ve done for nearly two decades, whether it’s captivating audiences with breaking news, crafting compelling video narratives, or writing columns with just the right amount of sarcasm and spice.
I’ve been an award-winning investigative journalist, content creator, media strategist, and accidental commentator on everything from falafels to foldable laptops. My career has taken me across 60 countries, four World Cups between two sports, and one unforgettable ‘journalistic’ saga. Along the way, I’ve produced over 1,000 minutes of multimedia content, interviewed corporate top bosses, grilled ministers, while helping UAE’s longest-running English daily Khaleej Times ride the digital wave. All along, I’ve only tried (and occasionally succeeded) in making audiences laugh, think, and occasionally say, “Wait, that was actually interesting” —proving that even in today’s world, storytelling isn’t just alive; it’s thriving, quirky, and kicking up a storm.
Emirates Engineering has launched a new programme giving UAE university students the chance to transform retired aircraft materials into innovative products while gaining hands-on experience with the airline’s engineering teams.
Called Material Futures Studio, the six-week initiative is led by Emirates Engineering’s Upcycling department. It aims to inspire the next generation of aviation engineers by challenging students to find creative new uses for materials recovered from retired aircraft.
The first edition brings together 23 students from Khalifa University, Emirates Aviation University and the University of Sharjah.
Students began the programme with an orientation session and a behind-the-scenes tour of Emirates Engineering’s facilities in Dubai, where they met senior leaders, explored aircraft maintenance operations and visited the airline’s upcycling workshop to see how retired aircraft materials are already being turned into new products.
How the programme works
Over six weeks, participants will develop concepts and prototypes using materials recovered from retired aircraft, with guidance from Emirates Engineering specialists throughout the design and development process.
The programme will conclude with a showcase where students present their final ideas and prototypes.
According to Emirates, the initiative is designed to bridge the gap between academia and industry by giving students practical engineering experience while enabling the airline to tap into fresh ideas and emerging talent.
Part of Emirates’ sustainability efforts
Material Futures Studio builds on Emirates’ wider sustainability strategy and its multi-billion-dollar aircraft retrofit programme.
The airline is currently refurbishing 219 Airbus A380 and Boeing 777 aircraft, one of the largest retrofit projects in the aviation industry. Rather than discarding materials removed during the upgrades, Emirates Engineering has been repurposing them into new products through its in-house upcycling projects.
These include the Aircrafted by Emirates collection of limited-edition luggage, bags and accessories made from reclaimed aircraft materials, as well as Aircrafted KIDS, which transforms retired aircraft fabrics into backpacks for children. Emirates says more than 4,000 backpacks have already been donated to children in 11 countries.
Getting around Jumeirah Lakes Towers (JLT) is about to become much easier. A new fully electric bus service, JLT Link, launches on August 1, offering residents and visitors a convenient way to travel across the neighbourhood for just Dh3 per ride.
Replacing the existing bus service, the new network is designed to make short trips around JLT quicker, cheaper and more sustainable.
How does JLT Link work?
The service operates a fleet of turquoise electric buses across two circular routes:
Route 1: Clusters A to N
Route 2: Clusters O to Z
There’s no need to book. Simply head to the nearest bus stop, scan the QR code to pay and hop on.
Metro connections and 18 stops
JLT Link connects directly with both DMCC Metro Station and Sobha Realty Metro Station, making it easier to continue your journey across Dubai.
The network serves 18 stops across JLT and Uptown Dubai, with buses arriving every 20 minutes.
Sustainable and accessible
The fully electric buses are part of DMCC’s wider sustainability strategy and feature:
Low-floor boarding
Wheelchair accessibility
Space for standing passengers
The launch complements other sustainability initiatives across JLT, including solar-powered infrastructure, Dubai Can refill stations and community recycling facilities.
UAE motorists could see petrol prices fall for a second consecutive month in August, although any reduction is expected to be modest as global oil markets remain volatile.
Experts are predicting lower crude oil prices during July will support another cut at the pump, but the ongoing geopolitical tensions and tight fuel inventories are likely to limit how much prices fall.
Based on current trends, experts estimate Special 95 could fall to around Dh3.13 per litre, while Super 98 could drop to about Dh3.24 per litre.
Oil markets continue to react to geopolitical developments, particularly tensions involving Iran and concerns over shipping routes in the Gulf.
However, prices are capable of moving up sharply if regional tensions escalate.
July fuel prices
Super 98: Dh3.40 per litre
Special 95: Dh3.29 per litre
E-Plus 91: Dh3.21 per litre
Diesel: Dh3.60 per litre
The UAE is expected to announce fuel prices for August this week, with many motorists hoping for another reduction to help ease the rising cost of living and daily commuting expenses.