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The African media organisation Financial Afrik, during the current edition of its annual conference hosted by the Gambian capital Banjul, selected Ali Alshimmari, Managing Director and CEO of the UAE-based company Global South Utilities, as a pioneer of Arab–African cooperation, as part of a list of 100 influential African figures in the fields of economy, investment, and development, in recognition of his role in supporting sustainable energy projects and promoting long-term investment across the African continent.
President Adama Barrow of The Gambia received Alshimmari and expressed his appreciation for the UAE’s support and investments in the continent.
This recognition marks the second of its kind that Alshimmari has received within a few months. In September, he was awarded the Officer of the National Order of Chad by Chadian President Mahamat Idriss Déby Itno, one of the country’s highest honors, making him the first foreign company CEO to receive this distinction from the Chadian president. The award recognised Alshimmari’s commitment to delivering the Noor Chad Solar Power Plant in record time.
Alshimmari has emerged as one of the UAE’s prominent young executives in the renewable energy sector. He previously held senior positions at Abu Dhabi National Energy Company (TAQA) and Masdar, and worked on cross-border renewable energy projects, before assuming leadership of Global South Utilities, a subsidiary of Resources Investment Group in Abu Dhabi.
Following the award ceremony, Alshimmari said, “In Africa, energy is neither a luxury nor a technical issue. When electricity reaches an African village, it is not just lighting, but life in motion. Schools operate, clinics remain open, and the economy moves. This is the Africa we are working for.”
Alshimmari recently stated during the Global South Utilities Forum, hosted as part of Abu Dhabi Sustainability Week, that, “In the Global South, sustainability is not a vision of the future-it is the price of delay, paid today,” adding that, “While much of the world debates sustainability in the Global South, the UAE is busy building it.”
The company is currently implementing several renewable energy projects in a number of African countries, including Madagascar, the Central African Republic, the Comoros Islands, and Chad, contributing to improving local production capacity and supporting economic stability.
Global South Utilities aims to reach a production capacity of 750 megawatts by 2027, having so far financed projects with a total capacity of nearly 400 megawatts, including projects implemented within the African continent.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, honoured the six winners of the Great Arab Minds 2025 edition at the Museum of the Future in Dubai.
Great Arab Minds is the largest Arab initiative dedicated to celebrating outstanding Arab achievement, highlighting contributions to advance human civilisation, support the expansion of scientific and knowledge-based endeavours, and showcasing the creative impact of Arab talent across the region and globally.
His Highness affirmed that the Great Arab Minds initiative was designed to expand the horizons for established and emerging Arab talent, nurturing and investing in their potential; recognise Arab achievement across research, development, innovation, technology, culture, and architecture; and to reinforce a culture of pride and sustained support for Arab individuals who have inspired significant progress in key fields.
His Highness Sheikh Mohammed said, “Today, we honour Great Arab Minds in recognition of achievements that advance civilisation and build societies. From the Museum of the Future in Dubai, we reaffirm our support for Arab talent committed to innovation, creativity, and excellence.”
His Highness further said, “We congratulate the winners of the Great Arab Minds 2025: Professor Abbas El Gamal in the Engineering and Technology category, Dr. Nabil Seidah in the Medicine category, Professor Badi Hani in the Economics category, Professor Majed Chergui in the Natural Sciences category, Dr. Suad Amiry in the Architecture and Design category, and Professor Charbel Dagher in the Literature and Arts category. We encourage them to continue their journey of achievement and contribution, serving as true role models for younger generations in our region and around the world, inspiring them to shape a better future through science and knowledge.”
His Highness expressed his confidence in the ability of Arab talent to drive progress in scientific research, knowledge creation, and the cultural sector, supported by expertise, institutional support, and the ambition of young people across the region.
Focused on a better future
Sheikh Mohammed noted that the Great Arab Minds initiative will continue to highlight the achievements of Arab individuals who look to the future with optimism and pursue ambitions that recognise no limits.
The awards ceremony was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE; H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council; H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group; His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee; H.H. Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of the Dubai Culture and Arts Authority (Dubai Culture); and H.H. Sheikh Mohammed bin Rashid bin Mohammed bin Rashid.
Mohammed bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chair of the Higher Committee for the Great Arab Minds initiative, was among numerous ministers and senior officials in attendance along with scientists, academics and diplomats.
His Excellency Al Gergawi stated that the Great Arab Minds initiative launched by His Highness Sheikh Mohammed represents a profound recognition of Arab achievement across disciplines, and a significant strategic investment in empowering talent and encouraging renewed contributions to Arab intellectual and scientific progress.
He added that the Great Arab Minds initiative embodies Sheikh Mohammed’s vision to inspire confidence in Arab capabilities and motivate individuals to take an active role in shaping their societies and the future of a region that has long contributed to human civilisation through science, literature, thought, and architecture.
‘Powerful message’
He praised the achievements of the Great Arab Minds awardees across medicine, engineering, technology, sciences, architecture, arts, and literature, saying, “Your presence today on the Great Arab Minds 2025 platform at the Museum of the Future sends a powerful message to hundreds of millions of young people to pursue excellence, achievement, and leadership in research, innovation, creativity, and knowledge, and to help shape a brighter future for Arab and human civilisation.”
The award recognised one winner in each of its six categories: Medicine, Economics, Engineering and Technology, Natural Sciences, Architecture and Design, and Literature and Arts.
In Medicine, Dr. Nabil Seidah was honoured for his medical and research achievements in cardiovascular health and cholesterol regulation.
In Economics, Professor Badi Hani was awarded for his pioneering contributions to econometrics and the development of economic analysis tools, particularly in panel data analysis. His work enabled more accurate and in-depth analysis by combining data across multiple time periods and sources.
In Engineering and Technology, Professor Abbas El Gamal was awarded for his pioneering contributions to network information theory.
In Natural Sciences, Professor Majed Chergui was honoured for his contributions to understanding light-matter interactions, developing techniques and applications that enable the study of ultrafast molecular and material dynamics at the atomic level.
In Architecture and Design, Dr. Suad Amiry was honoured for her contributions to preserving Palestinian architectural heritage through documentation, restoration, and adaptive reuse of historical buildings.
In Literature and Arts, Professor Charbel Dagher was honoured for a body of work that constitutes a key reference in the study of Arab and Islamic arts, Arabic calligraphy, and modern visual arts.
Professor Abbas El Gamal said, “I extend my sincere gratitude to His Highness Sheikh Mohammed bin Rashid Al Maktoum for his vision in launching Great Arab Minds. Being honoured in this way is deeply meaningful to me.”
Professor Majed Chergui said, “I am Algerian of Syrian origin, born in Morocco and raised in Algeria and Lebanon. In this way, the Arab world comes together in who I am. For me personally, this award is not only the highest recognition of my achievements; it touches me deeply because it comes from an Arab country.”
Dr. Suad Amiry said, “In 1981, when I decided to live in the city of Ramallah, my aim was to study traditional architecture in rural Palestine. Ten years later, I founded the Riwaq Centre, which since then has been dedicated to documenting, restoring, and rehabilitating architectural heritage in Palestine. Winning this award is a great honour for me and for the Riwaq Centre.”
Professor Badi Hani said: “This award recognises not only my work, but also the people and places that shaped me, my family, my mentors, my city, and the Arab world that nurtured my earliest aspirations.”
Dr. Nabil Seidah said, “My father’s adage, that knowledge is something no one can ever take away from you, has been the principle that guided me throughout my journey. Your trust represents a powerful motivation for Arab scientists to serve as role models for future generations, and I pledge to continue serving science with the same passion that has always driven me.”
Professor Charbel Dagher said: “Commitment to the Arabic language has remained a defining hallmark of everything I have done: teaching, writing, and research, to the point that I live within Arabic itself. We cannot exist outside our language or our culture. Allow me to share this award with those who supported me, and my gratitude extends to everyone who has worked and continues to work to ensure that Arabic remains a living language of science, knowledge, and culture.”
The awardees were chosen by six high-level specialised committees, one for each category. Abdulla bin Touq Al Marri, Minister of Economy and Tourism, chaired the Economics Committee; Sarah Al Amiri, Minister of Education, chaired the Engineering and Technology Committee; Mohammed Ahmed Al Murr, Chairman of the Board of Directors of the Mohammed bin Rashid Al Maktoum Library Foundation, chaired the Literature and Arts Committee; Dr. Amer Sharif, Chief Executive Officer of Dubai Health and President of the Mohammed Bin Rashid University of Medicine and Health Sciences headed the Medicine Committee; Professor Sehamuddin Galadari, Senior Vice Provost-Research and Managing Director of the Research Institute at New York University Abu Dhabi chaired the Natural Sciences Committee; Professor Hashim Sarkis, Dean of the School of Architecture and Planning at the Massachusetts Institute of Technology chaired the Architecture and Design Committee.
In addition to the committee chairs, the specialised committees also included Essa Kazim, Governor of the Dubai International Financial Center; Dr Mohammed Madhi, Dean of the College of Business and Economics at UAE University; Dr Rabah Arezki, Chief Economist for the Middle East and North Africa (MENA) region at the World Bank and Senior Fellow at Harvard University’s John F. Kennedy School of Government; Ferid Belhaj, Fellow at the Policy Center for the New South; and Dr Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund.
The committees also included Professor Ismael Al Hinti, President of Al Hussein Technical University; Adel Darwish, Regional Director of the International Telecommunication Union; Dr Ahmed Zayed, Director of the Bibliotheca Alexandria; His Excellency Dr. Alawi Alsheikh-Ali, Director General of Dubai Health Authority; Professor Elias Zerhouni, Professor Emeritus at Johns Hopkins University; Dr Noureddine Melikechi Dean of the Kennedy College of Sciences and Professor of Physics at the University of Massachusetts Lowell; Professor Nader Masmoudi, Professor at the Courant Institute of Mathematical Sciences at New York University Abu Dhabi; Dr Latifa Elouadrhiri Laboratory Directed Research Staff Scientist at the Thomas Jefferson National Accelerator Facility; and Professor Dr Jehane Ragai, Emeritus Professor of Chemistry at The American University in Cairo.
The specialised committees also included Dr Adrian Lahoud, Dean of the School of Architecture at the Royal College of Art; and Professor Ali Malkawi, Professor of Architectural Technology, Director of the Doctor of Design Studies Program, and Founding Director of the Harvard Center for Green Buildings and Cities.
The Nominations Committee included Huda Al Hashimi, Deputy Minister of Cabinet Affairs for Strategic Affairs; Chucrallah Haddad, Partner and Head of Advisory at KPMG Lower Gulf; Abdulsalam Haykal, President and Founder of Majarra Company; Ali Matar, Head of LinkedIn Middle East and North Africa and Emerging Markets in Africa and Europe; and Saeed Al Nazari, Secretary-General of the Great Arab Minds Initiative.
Widely known as the ‘Arab Nobel,’ the Great Arab Minds initiative recognises distinguished Arab achievement and highlights extraordinary contributions that reflect the region’s historic role in advancing knowledge and human progress globally. For a third consecutive edition, the initiative continues to strengthen its position as a platform for celebrating Arab creators and as a point of reference for promising Arab talent, by highlighting achievements that inspire young people and contribute to expanding Arab participation in global knowledge and civilisational advancement.
His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, inaugurated the 44th Sharjah International Book Fair on Wednesday, where he honoured Egyptian writer and playwright Mohamed Salmawy as the Cultural Personality of the Year.
The opening ceremony was attended by His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, and Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Book Authority (SBA).
In his keynote address, Sheikh Sultan welcomed guests and the delegation from Greece, this year’s Guest of Honour, noting that Sharjah is marking 100 years since the establishment of its first library, a milestone he said reflects the emirate’s enduring commitment to knowledge and culture.
During the ceremony, Sheikh Sultan honoured Egyptian writer and playwright Mohamed Salmawy, naming him the Cultural Personality of the Year in recognition of his distinguished literary career and contributions to Arab theatre, fiction, and cultural life.
In his acceptance speech, Salmawy expressed heartfelt gratitude, saying: “Sharjah honoured me and all Arab intellectuals when it first honoured the written word over four decades ago by founding this book fair as a celebration of thought and knowledge. It honoured us again when it built museums, hosted exhibitions and conferences to celebrate our heritage and contemporary arts. Sharjah chose to embrace culture and has rightfully become one of the most important beacons of cultural enlightenment in the Arab world.”
“Our gathering here at the Sharjah International Book Fair is a renewed call to continue along the path of faith in culture and ideas—through words and books. It is a call to believe in the unity of the Arab human spirit—from Egypt to the UAE, from Yemen to Morocco, from Syria to Somalia. This meeting reminds us of the role of the Arab intellectual—not as a mere observer of his time, but as an active, influential force responsible for lighting the way amid the darkness some would impose upon us,” he added.
The ceremony also saw the presentation of the Turjuman Award to Dr Ondřej Beránek for his Czech translation of The Mission of Ibn Fadlan, published by Academia Publishing House in the Czech Republic. Organized by the SBA, the AED 1.4 million prize is the world’s most valuable award for the translation of an original Arabic work into another language.
The Ruler of Sharjah also announced the completion of the first phase of the Comprehensive Arabic Encyclopedia of Sciences, Arts, and Humanities, which aims to document Arabic and Islamic sciences, literature, and the humanities, including biographies of scholars, philosophers, writers, linguists, poets, rulers, and thinkers from the dawn of Arab history through the Islamic civilization.
He said the team, working under the supervision of the Arabic Language Academy in Sharjah, has completed 44 volumes covering linguistic and religious sciences, with the second phase, focused on the humanities, expected to be finalized next year.
Representing Greece, Guest of Honour, Deputy Minister of Culture Jason Fotilas expressed deep gratitude to Sheikh Sultan, highlighting the centuries-old cultural ties between Greece and the Arab world and thanking Sharjah for choosing Greece for this year’s edition.
In a related event, the Egyptian General Book Organization (EGBO) will host a special book signing for Salmawy on 6 November at 4pm at its pavilion within the fair. Organized by Egypt’s Ministry of Culture, the event will honour one of the Arab world’s most distinguished literary figures and celebrate his lifetime achievements.
A distinguished gathering of Arab and Egyptian writers, intellectuals, and media figures will attend the ceremony, where Salmawy will sign several of his notable works published by EGBO, including The Fairy, Beyond the Moon, The Last Station, and his memoir My Journey, which chronicles his rich literary and cultural life.
The United Arab Emirates University announced that it has obtained a new patent from the United States Patent and Trademark Office in the field of environmental science and renewable energy, which is the invention of a carbon nitride graphite compound supported by date syrup.
This patent represents an important step in the development of photocatalytic technologies for converting water into hydrogen using light, which represents a significant advance in sustainable energy technology.
The innovative compound, developed by a team of researchers at the United Arab Emirates University, including PhD student Malath Sulaiman, under the supervision of Dr. Mohammed Taher, Associate Professor in the Department of Chemical and Petroleum Engineering, uses date syrup as an aid to accelerate the photocatalytic process. The compound is manufactured by mixing carbon nitride graphite with date syrup at high temperatures, which improves the efficiency of converting water into hydrogen.
Dr. Mohammed Taher, the project’s principal investigator, explained: “We are proud of this invention, which reflects the United Arab Emirates University’s commitment to innovation in the field of renewable energy. By combining date syrup with carbon nitride graphite, we were able to develop an effective material that can greatly enhance the photocatalytic process, helping to address the challenges of climate change and reduce dependence on fossil fuels.”
This discovery is the result of ongoing efforts by researchers at the United Arab Emirates University, who are working on developing innovative solutions to environmental and energy challenges. Initial studies have confirmed that the new compound is capable of generating hydrogen with high efficiency, opening up new and wide-ranging applications in the field of clean energy and green hydrogen production, and represents a promising step towards enhancing the UAE’s position in the renewable energy sector globally.
The Council of the International Civil Aviation Organization (ICAO) elected Engineer Saeed Mohammed Al Suwaidi, the UAE’s Permanent Representative to the ICAO, as Vice-President of the Council.
A press release issued today by the General Civil Aviation Authority (GCAA) stated that the election of the UAE’s representative confirms the UAE’s leading position in the international civil aviation sector and reflects the great confidence it enjoys from member states on the ICAO Council, as well as the appreciation for its prominent role in supporting ICAO’s efforts aimed at enhancing the safety, security, and sustainability of the global aviation sector.
His Excellency Saif Mohammed Al Suwaidi, Director General of the GCAA, said that the election of the UAE’s representative to this high-profile position reflects the international appreciation of the country’s contributions to the development of civil aviation policies. It also underscores the UAE’s commitment to enhancing its active participation within the ICAO Council and contributing more strongly to the formulation of decisions affecting the global aviation sector, reflecting its ambitious vision for international cooperation and leadership in this field.
For his part, Engineer Saeed Mohammed Al Suwaidi, the UAE’s representative to ICAO, expressed his pride in this international assignment, stressing that his election represents a significant responsibility and an opportunity to continue strengthening the UAE’s presence within the organization and support international efforts aimed at developing the civil aviation sector according to the highest standards of efficiency and sustainability.
EDGE, the world’s leading advanced technology and defence group, and 4iG Aerospace, the leading ICT, space and defence industries group in Hungary and the Western Balkans, have signed three Memoranda of Understanding (MoUs) to establish significant and wide-ranging industrial cooperation between the UAE and Hungary.
During a state visit by an official UAE delegation to Hungary, EDGE and 4iG signed three memoranda of understanding (MoUs) aimed at enabling a broad technology partnership for the joint development and marketing of advanced defense systems, including EDGE’s Skyknight air defense missile system, Shadow 25 and Shadow 50 cruise munitions, and Vega and Orion autonomous air traffic control solutions.
Hamad Al Marar, Managing Director and CEO of EDGE Group, said: “Our goal, through strengthening partnerships with partners like 4iG, is to help countries develop and adopt advanced sovereign defense technology and industrial capabilities. The global security landscape calls for renewal programs to leverage the latest autonomous technologies and counter rapidly evolving airborne threats. This collaboration enhances EDGE Group’s ability to continue delivering competitive, NATO-compliant, and export-ready solutions, in support of Hungary’s national objectives and as a gateway to deeper engagement across Europe and NATO member states.
For his part, 4iG CEO Istvan Šarhigyi said: “The agreements signed today represent a significant achievement in 4iG’s international efforts in the defense sector. By partnering with one of the world’s fastest-growing defense technology companies, we can develop systems with strong potential for success in European and African markets on a mutually beneficial basis. EDGE Group’s trust and openness provide Hungary with the opportunity to transform into a strategic player in the global defense innovation ecosystem.
Under the first agreement, the two companies will establish a broad technology partnership to jointly develop and explore cross-market opportunities for next-generation autonomous aerial systems (AAAS), counter-AAAS solutions, and space technologies in Central and Eastern Europe and Africa.
The agreement also covers the possibility of establishing a joint venture. The second agreement focuses on the potential development and production of the Sky Knight domestically deployable air defense missile system and the Shadow high-precision cruise munition series in Hungary.
The third and final agreement aims to provide EDGE’s Vega autonomous air traffic management and Orion drone swarm management systems to the European market, with the potential for joint development of air traffic control solutions. The MoU also includes an evaluation of the possibility of establishing a joint venture as a European development and sales center for the Vega and Orion systems.
The UAE leads the global market in mobile shopping, according to the results of the Global Digital Shopping Index 2025, a joint study by PYMNTS Intelligence and commissioned by Visa Acceptance Solutions.
The study, which surveyed 1,679 consumers and 329 merchants in the country, showed that 67% of UAE consumers used their smartphones for their most recent purchase, a 23% increase compared to 2022.
The UAE also recorded the highest rate of mobile shopping at 37%, ahead of Singapore, the UK, and Brazil.
The country also recorded an advanced global rate of biometric authentication use (32%) when making online purchases, surpassing the global average of 17%. Fifty-three percent of consumers expressed a desire to shop across multiple channels, while 75% preferred rewards programs, 73% preferred free shipping, and 70% preferred price matching.
The report also indicated that 38% of shoppers in the UAE made their recent purchases using a mobile phone or computer, with the option of home delivery.
The results confirmed that consumers in the UAE are increasingly adopting a “mobile first” lifestyle, particularly among millennials, with a usage rate of 73%.
Commenting on the study results, Salima Joteva, Vice President and General Manager, Visa UAE, said, “The UAE’s approach reflects the great potential that can be achieved by uniting efforts to build the future of commerce. At Visa, we are working in partnership with the government and private sectors to offer innovative solutions such as Click to Pay to provide secure and seamless digital payment experiences.
These indicators reflect the country’s advanced regulatory environment and its continued support for the digital business ecosystem, enabling retailers to enhance customer experiences and achieve sales growth by offering flexible and secure payment options.
The Global Digital Shopping Index is based on a survey of 18,468 consumers and 3,464 merchants across eight countries, including the UAE, Saudi Arabia, the United States, the United Kingdom, Singapore, Australia, Mexico, and Brazil, during the period from October to December 2024.
The UAE maintained its position as the top destination for deals in the Middle East and North Africa (MENA) region during the first quarter of 2025, with a total of 63 deals worth $20.3 billion.
The UAE remains the preferred destination for foreign direct investment (FDI) in the region by 2025, accounting for 53% of the total number of incoming deals and 99% of their total value. Austria was the leading investor, accounting for 94% of the total value of incoming deals, driven primarily by a major deal in the chemicals sector.
This was stated in a report issued by Ernst & Young (EY) on “Mergers and Acquisitions in the Middle East and North Africa”, which indicated that the region recorded an increase in deal activity during the first quarter of 2025, with 225 deals compared to 172 deals in the same period last year, representing a 31% increase in the number of deals year-on-year. The total value of announced deals in the first quarter of this year also increased by 66% to reach US$46 billion, compared to US$27.6 billion in the first quarter of 2024.
role in deal volume and value, with 117 deals recorded, representing 52% of the total number of deals, valued at USD 37.3 billion, or 81% of the total value of announced deals. The first quarter of 2025 saw the highest cross-border deal activity, both in terms of volume and value, compared to the same period in the past five years, as companies increasingly sought to grow and diversify outside their home markets.
“We saw a steady flow of M&A deals in 2025, and the MENA region will continue to experience strong deal flow for the remainder of 2025,” said Brad Watson, MENA Leader, EY-Parthenon. “This strong deal flow is driven by regulatory reforms, policy shifts, and a positive macroeconomic outlook, including easing interest rates and improved investor confidence.”
contributed 48% of the total number of deals in the first quarter of 2025. This growth in local M&A deals is in line with the International Monetary Fund’s forecast of 3.6% GDP growth for the Middle East and North Africa region this year, supported by the strong momentum of M&A activity around the world. Companies are re-aligning their strategies to better meet the needs of diversification, digital transformation, and the integration of emerging technologies.
He stressed that the UAE maintained its position as the top destination in the Middle East and North Africa region in the first quarter of 2025, recording 63 deals worth a total of USD 20.3 billion. Kuwait ranked second in terms of deal revenue, with USD 2.3 billion, driven by two major deals in the diversified industrial products and energy and utilities sectors.
During the first three months of 2025, Canada attracted the highest value of outbound deals from Middle Eastern and North African investors, at US$6.4 billion, while the United States remained the preferred target destination in terms of the number of deals.
number of deals in the first quarter of 2025, while the value of deals increased significantly to USD 8.7 billion, compared to USD 1.69 billion in the first quarter of 2024.
The technology sector led local mergers and acquisitions (M&A) activity in the Middle East and North Africa (MENA) region during the first quarter of 2025, contributing 37% of the total value of local deals and 27% of the total number of deals.
Inter-regional deals involving the UAE, Kuwait, and Saudi Arabia accounted for 83% of the total value of local deals and 56% of the total number, highlighting the strong activity of cross-regional mergers and acquisitions, particularly in the technology, industrial, and real estate sectors.
foreign direct investment (FDI) during the first few months of 2025, with the number of inbound deals increasing by 21% and their value rising to USD 17.6 billion, compared to USD 2.5 billion in the first quarter of 2024.
The report indicated a 63% increase in the number of deals issued during the first three months of 2025 compared to the first quarter of 2024, reaching USD 19.7 billion, contributing 43% of the total deal value. The UAE and Saudi Arabia topped the list of deals issued from the Middle East and North Africa region, accounting for 77% of the total number of deals and 94% of their total value.
Anil Menon, MENA M&A and Capital Markets Leader, EY-Parthenon, said: “The MENA deal market has remained resilient, and the MENA deal pipeline for the rest of 2025 is promising and strong, with increased activity expected in the consumer, technology, and energy sectors. Artificial intelligence will drive fundamental value shifts, as we see significant capital allocation in technology.”
Technology Innovation Institute says model is ‘one of the most advanced Arabic’ offerings.
Concerns that Arabic might be left behind in the fast-developing AI sector are starting to evaporate with the introduction of the Falcon Arabic language model, created in Abu Dhabi.
The model was unveiled on Wednesday by the Technology Innovation Institute (TII) , an Abu Dhabi government-backed research centre which first introduced its Falcon large language model back in 2023.
Faisal Al Bannai, adviser to the UAE President for Strategic Research and Advanced Technology Affairs, spoke about the development as a leap forward for Arabic at the UAE’s Make it in the Emirates event.
“We’re proud to finally bring Arabic to Falcon, and prouder still that the best-performing large language model in the Arab world was built in the UAE,” he said.
According to TII, Falcon Arabic is trained on a native (non-translated) Arabic data set that covers both Modern Standard Arabic and regional dialects.
“It captures the full linguistic diversity of the Arab world,” said TII.
The research centre also said that so far the model outperforms other Arabic language models.
Large language models are complex systems designed to be trained on large amounts of text and data that help AI implementations identify patterns, come to conclusions and even understand nuances. In short, the models can make or break the user experience with AI.
Although Arabic is spoken by about 400 million people worldwide, it was not initially a focus during the initial growth of AI and large language models, with English the most prevalent.
The complexity and diversified Arabic dialects, coupled with various language nuances, posed a challenge for engineers and programmers trying to perfect machine learning technologies.
In recent years, the UAE has sought to bolster Arabic’s presence in the AI race.
In 2023, Jais, an open-source bilingual Arabic-English model, was introduced by G42, Mohammed bin Zayed University of Artificial Intelligence and Silicon Valley-based Cerebras Systems.
Later that year, Jais Climate , the world’s first bilingual large language model dedicated to climate intelligence was also announced.
In addition to Falcon Arabic, TII also announced on Wednesday the release of its Falcon H1 model, which it says “outperforms comparable offerings from Meta’s LLaMA and Alibaba’s Qwen, enabling real-world AI on everyday devices and in resource-limited settings”.
The research centre explained that efficiency was at the core of Falcon H1 development.
“This fundamentally shifts what’s possible at the smallest scale, enabling powerful AI on edge devices where privacy, efficiency, and low latency are critical,” said Hakim Hacid, chief researcher at the TII AI and digital science research centre.
“It demonstrates how new architectures can unlock new opportunities in AI training while showcasing the potential of ultra-compact models.”
The pact interweaves water security, renewable energy mastery, and industrial sovereignty – binding Morocco’s future with a 1,400 km electricity superhighway, four desalination jewels, and 25,000 employment opportunities in a $14 billion choreography.
The largest private investment in Morocco’s modern history has just been inscribed in the country’s economic annals. Yesterday, the country sealed an extraordinary $14 billion accord with the United Arab Emirates – an injection of unprecedented scale that promises to permanently alter the country’s water and energy equation, while fundamentally reshaping its infrastructure landscape for generations to come.
The ceremonial ink still fresh, the agreement binds Morocco’s government and the National Office of Electricity and Drinking Water (ONEE) with a consortium of financial titans: the Mohammed VI Investment Fund, TAQA Morocco (the local subsidiary of Abu Dhabi’s energy colossus), and Nareva (the energy arm of the royal holding Al Mada).
At MAD 130 billion ($14 billion), this collaboration transcends mere commercial arrangement – it heralds a profound reengineering of critical national infrastructure by 2030.
Central to this ambitious blueprint stands a colossal 1,400-kilometer high-voltage transmission corridor stretching from Western Sahara to Casablanca, complemented by a network of sophisticated seawater desalination facilities.
These projects emerge as the culmination of meticulous diplomatic chess moves, coming just five months after King Mohammed VI’s private visit to Abu Dhabi and 18 months following his official state visit to the Emirati capital, where the groundwork for this Moroccan-Emirati renaissance was carefully laid.
Desert kingdoms understand water’s value. The consortium’s hydric strategy unfolds with architectural precision: a vast network connecting the Sebou and Oum Rabia river basins, engineered to channel 800 million cubic meters annually across thirsty territories.
The first phase of water transfer between the Sebou and Bouregreg basins became operational in August 2023, successfully diverting approximately 350 million cubic meters to the Sidi Mohammed Ben Abdellah dam, critical for supplying drinking water to the Rabat region.
Four jewels in this water crown will rise across Morocco’s map. In Tanger, a 50-million-cubic-meter annual capacity station will quench the industrial thirst of this burgeoning port hub.
Nador’s installation, six times more ambitious at 300 million cubic meters, will transform the eastern region’s hydric calculus. The agricultural heartland of Souss will benefit from Tiznit’s 350-million-cubic-meter facility – the largest of the quartet. Completing this hydraulic network, either Tan-Tan or Guelmim will host a 100-million-cubic-meter operation to serve the arid southern frontier.
These cutting-edge desalination facilities, engineered to operate exclusively on renewable energy, will collectively produce 900 million cubic meters annually.
Notably, they will maintain competitive pricing at or below MAD 4.50 per cubic meter (excluding tax), aligning with national benchmark rates established for ongoing desalination initiatives – all without requiring public subsidies.
The electric heartbeat: Energy sovereignty reimagined
The consortium’s energy infrastructure vision is anchored by a groundbreaking high-voltage direct current (HVDC) transmission network spanning 1,400 kilometers between Morocco’s southern territories and its central economic hub.
This sophisticated “electricity highway” will connect Dakhla to Casablanca with a 3,000 megawatt capacity, dramatically strengthening energy distribution capabilities while catalyzing economic and industrial development throughout the corridor.
This transmission masterpiece will be fed by 1,200 megawatts of fresh renewable capacity, predominantly harvested from the sun-drenched southern provinces. The geographic strategy is to harness the natural abundance of Morocco’s desert regions, translate it into clean energy, and deliver it to industrial centers at competitive rates.
Complementing these renewable ambitions, the Tahaddart complex will undergo a renaissance. This gas-fired installation will see its capacity quadrupled through new combined-cycle units, elevating total output to 1,500 megawatts. This expansion offers crucial ballast to a grid increasingly danced upon by the variable rhythms of wind energy.
The human dividend, capital choreography, and implementation cadence
Beyond pipes and pylons lies perhaps the most valuable yield: people. This grand design promises to spawn over 25,000 employment opportunities through construction and operation, with 10,000 permanent positions taking root after commissioning.
The consortium envisions not merely infrastructure but ecosystem – a fertile soil where technology transfer blooms and local industrial expertise in desalination and renewable energy flourishes. From this terrain will grow new educational pathways and technical specializations, training the standard-bearers of Morocco’s water and energy future.
The financial architecture of this mammoth endeavor will be orchestrated by the consortium, drawing capital from domestic and international financial wellsprings. The urgency is palpable; the project’s partners have pledged to assemble elite technical minds to ensure methodical implementation through 2030.
As with all ventures of this magnitude, regulatory gauntlets must be run, particularly regarding concentration operations. Each project component will be governed by bespoke development agreements between ONEE and the consortium. The first such accord, focusing on Tahaddart’s expansion, has already materialized.
The architects of the alliance
This historic partnership harmonizes complementary strengths. Nareva, Morocco’s private electricity champion, brings 3,200 megawatts of installed capacity producing over 15 terawatt-hours annually. As Africa’s wind energy pioneer, it operates eleven parks totaling 1,810 megawatts alongside the thermal goliath of Safi (1,386 megawatts).
With extensive expertise in electrical transmission infrastructure (exceeding 300 kilometers of high-voltage lines) and advanced water engineering, Nareva currently leads the innovative Amensouss project and is constructing the world’s first exclusively renewable-powered desalination facility in Dakhla.
TAQA Morocco, publicly traded on the Casablanca Stock Exchange since 2013, delivers 34% of Morocco’s national electricity requirements despite representing only 17% of installed capacity.
With a strategic focus on desalination, renewable energy development, low-carbon solutions, and infrastructure networks, the company actively advances national energy transition objectives and water security initiatives.
Its parent organization, Abu Dhabi National Energy Company PJSC (TAQA), operates as a diversified energy and utilities powerhouse with operations spanning 25 countries worldwide.
A diplomatic masterpiece
These accords signal the diplomatic renaissance between Morocco and the Emirates after a period of relative ambiguity. They physically manifest the vision sketched during King Mohammed VI’s December 2023 meeting with Sheikh Mohamed bin Zayed Al Nahyan – a blueprint for collaboration in strategically vital domains.
This official visit established a “renewed partnership” between the Maghreb and Gulf country with announcements of strengthened collaboration in strategic domains including energy and infrastructure development.
The sovereign’s subsequent private voyage proved equally fertile, brokering peace between telecommunications titans Maroc Telecom and Inwi, ending a decade-long legal skirmish and birthing a joint venture to develop 5G infrastructure for international events including the 2025 Africa Cup of Nations and the 2030 World Cup.
For fifteen years, Morocco has methodically invested in renewable energy, which now covers 38% of its electricity needs, with aspirations to reach 52% by 2030. Simultaneously confronting chronic water scarcity, the kingdom has embraced desalination as salvation. This Emirati partnership accelerates both these vital transitions, binding two desert nations in a quest for resource security and sustainable prosperity.
