Emirati athlete and entrepreneur Musa Khalfan has opened MK Cafe at Dubai Court, Al Manara Centre. The cafe offers a curated menu of quality beverages and meals, designed for daily routines with a focus on simplicity and consistency. This marks Khalfan's first foray into the food and beverage sector, expanding his MKI Investments portfolio.
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Noble Sourdough has launched in Dubai, offering a three-ingredient sourdough with a 24-hour fermentation process and no preservatives. The brand introduces Dubai's first honesty-based bread counter, operating without staff, and plans UAE-wide retail expansion, focusing on transparency and simpler production methods.
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Spinneys has launched The Chef's Counter, a new initiative offering space in select stores to UAE chefs and restaurant founders. This programme aims to boost visibility, generate revenue, and connect customers with food creators. Chef Kelvin Cheung of Jun's Dubai is the first collaborator, featuring dishes from his restaurant.
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Dubai's RTA has upgraded five marine transport stations, including Sheikh Zayed Road and Al Fahidi, with air conditioning, Wi-Fi, and enhanced seating. This project, inspired by maritime heritage, aims to improve customer comfort, safety, and accessibility, aligning with Dubai's Quality of Life Strategy and Universal Design Code.
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Dubai's Department of Economy and Tourism has partnered with HSBC to attract global corporates, investors, and high-net-worth individuals. This collaboration aims to boost foreign investment and align with the Dubai Economic Agenda, D33, by facilitating business entry and expansion, particularly strengthening links between Asia and the UAE.
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UK financial regulators are conferring with the government's cyber security body and banks to assess risks from Anthropic's Claude Mythos Preview model. The model has identified thousands of high-severity vulnerabilities, prompting discussions on potential IT system weaknesses. Banks will be briefed on these cyber security threats soon.
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Dubai World Trade Centre (DWTC) Free Zone has partnered with Wio Bank to offer digital banking and financial services to companies within its jurisdiction. This collaboration aims to streamline business setup and growth by providing priority onboarding, relationship support, and potentially a co-branded corporate card, enhancing Dubai's entrepreneurial ecosystem.
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SME company formations and restructurings in the Gulf remained strong in Q1 2026, despite March disruptions. Sovereign PPG data shows sustained appetite for market entry, with UAE jurisdictions attracting the most interest. Reforms and incentives are supporting SME activity, with a focus on service-driven businesses like tech and consulting.
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