Dubai Holding, a diversified global investment company with investments in more than 30 countries, announced the 15 bold scale-ups selected for its global impact accelerator, Innovate For Tomorrow.
US Defence Secretary Pete Hegseth has said that the US-Iran ceasefire is not over despite this week's attacks on vessels in the Strait of Hormuz. The US effort to guide vessels out of the strait is temporary and separate, he said.
Several ships were hit by suspected Iranian missiles and drones in the Strait of Hormuz on Monday and a UAE oil complex was set on fire. This follows the launch of Project Freedom by US military to end the blockade of the shipping route.
In a surprise move, US Defence Secretary Pete Hegseth has ordered the withdrawal of around 5,000 US soldiers stationed in Germany, the Pentagon said on Friday. Following this, Nato said it was "working" with Washington to understand the reason for the troop reduction.
US President Donald Trump's administration has bypassed congressional review to approve $8.6 billion military sales to Middle Eastern allies Israel, Qatar, Kuwait and the UAE. These include Patriot air and missile defence replenishment services costing $4.01 billion and APKWS, a laser-guided weapons kit.
UAE has called for the immediate and unconditional reopening of the Strait of Hormuz, and for Iran to be held fully accountable for its unlawful obstruction of international navigation.
Iran has delivered its latest proposal for negotiations to end the war with US to Pakistan, a mediator, said IRNA news agency.
Dubai has moved to further ease residency access for foreign property investors, updating rules to make visa eligibility more flexible.
Mixed signals from the United States are adding to uncertainty over the direction of the Iran conflict, even as Donald Trump is set to receive a high-level military briefing on potential next steps.
US President Donald Trump has said that he is going to keep Iran under a naval blockade until the regime agrees to a deal that addresses US concerns about its nuclear programme.
