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Chinese autonomous driving company Momenta Global plans to expand its robotaxi fleet to several thousand vehicles next year, targeting deployments in Dubai and additional European cities. The company is currently testing autonomous vehicles in Abu Dhabi, Munich, and five cities in China. Momenta is also collaborating with chipmaker XHeart on custom computing hardware to lower deployment costs.
Aldar and Sharjah-based developer Arada have partnered on housing and mixed-use projects in Abu Dhabi valued at approximately Dh15 billion ($4 billion). The agreement includes a joint venture master community at Seih Sdeirah and Arada's acquisition of three residential plots on Yas Island. The deal marks Arada's first development presence in the Abu Dhabi market.
Artificial intelligence adoption among UAE businesses increased to 72% in 2026, up from 53% in 2025, according to a joint study by the UAE Artificial Intelligence Office and Amazon Web Services (AWS). Developed by research firm Strand Partners, the report found that 85% of adopting companies experienced accelerated digital transformation. Cloud infrastructure investments continue to support the expansion, including AWS's planned AED 20.1 billion investment in the country through 2037.
UAE fuel prices will increase for the third consecutive month in October 2026 amid elevated global oil benchmark prices. Super 98 will rise to Dh4.40 per litre and Special 95 will increase to Dh4.28 per litre. Diesel will also rise by 11.6 per cent to Dh4.80 per litre.
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