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Industry News
Source: Simply Wall Street

UAE Electric Vehicle Market Projected to Reach $246.3 Million by 2030

The electric vehicle market in the United Arab Emirates is projected to grow at an annual rate of 5.9%, reaching approximately $197.0 million by 2026 and $246.3 million by 2030. According to research cited by Simply Wall St, expansion is driven by accelerating EV adoption and sustained investments in charging infrastructure. The market study evaluates over 100 key performance indicators across sales, vehicle electrification, and infrastructure readiness.

Industry News
Source: Arabian Business

Standard Chartered, Mashreq, and LuLu Launch Hal SME Platform in UAE

Standard Chartered, Mashreq, and LuLu Financial Holdings have launched Hal, a new digital B2B marketplace for small and medium-sized enterprises in the UAE. Unveiled at Investopia Bridge 2026, the platform connects SMEs with buyers, suppliers, and essential financial, tech, and logistics partners. Ecosystem partners including Beehive, Microsoft, Visa, and Aramex have signed initial cooperation agreements.

Industry News
Source: Ahram Online

Abu Dhabi Cuts Government Service Costs Over 30% Through AI Integration

Abu Dhabi reduced the operational costs of delivering government services by over 30% between 2022 and 2025 while raising satisfaction from 78% to 92%, according to the Department of Government Enablement. Officials credited the Tamm platform and autonomous AI agents for driving the administrative efficiency gains. The emirate reiterated its commitment to becoming a fully AI-native government by 2027.

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