UAE
The Giving Tree by Bâoli Dubai unveiled
This festive season, Bâoli Dubai presents ‘The Giving Tree by Bâoli Dubai’, a bespoke sculptural installation conceived, commissioned and crafted as both a design statement and a charitable initiative. Installed prominently within the venue and developed in partnership with Dubai Cares, a UAE-based global philanthropic organization, the tree has been produced as a vessel for giving, inviting guests to engage with the season through a refined silent auction. The initiative transforms Bâoli’s festive centrerpiece into an opportunity for meaningful contribution, with proceeds supporting Dubai Cares’ mission of empowering underprivileged children and youth globally with access to quality education.
A festive emblem crafted with intent
Designed exclusively for the venue by Signature Line, The Giving Tree by Bâoli Dubai becomes the first point of encounter for guests as they arrive,taking the form of both a sculptural artwork and a traditional festive emblem. Rising more than three metres in height, the installation has been crafted from cast resin and composed of approximately 1,500 individually formed leaves, each created separately before being assembled by hand onto a central structure. The result is a form that feels considered and organic, defined as much by its detail as by its scale.
The making of the tree is deliberately tactile. Each leaf carries its own subtle variation, introducing depth and a sense of movement across the surface. As the installation comes together, its character unfolds gradually, responding to changes in light and atmosphere, revealing new dimensions from day through to evening.
Assembled in multiple sections, the installation rests on a custom metallic base that anchors the piece within its surroundings. Discreet lighting has been integrated to preserve the purity of the design, allowing the tree to remain visually uninterrupted by cables or visible fixtures, and ensuring that the focus remains firmly on form, texture and presence.
Partnership with Dubai Cares
At the core of The Giving Tree by Bâoli Dubai is an official partnership with Dubai Cares, a philanthropic organization committed to transforming children’s lives and empowering communities by removing barriers to education through its impactful global programmes. Through this collaboration, the installation serves as a platform for meaningful engagement, allowing guests to participate in a charitable initiative that extends beyond the venue and into communities around the world. The Giving Tree by Bâoli Dubai will be offered through a silent auction, with participation facilitated via a digital platform accessed through QR code, allowing guests to engage privately and at their own pace. Developed with transparency and care, the process includes formal bidder registration, verification measures, and direct fund transfer to Dubai Cares, ensuring a clear and trusted framework throughout. The funds raised will support Dubai Cares’ global education programmes. Interested bidders can participate in the auction by filling in the information at the dedicated form: https://docs.google.com/forms/d/1i0cUcq-0FbtrU-qUVGZik27ir2Ve3wHTT02wnnTWusQ/edit
UAE
Emirati Women’s Day: Hamda Al Mansoori takes UAE-grown ventures from AI and manufacturing to cross-border partnerships
From AI agents and smart manufacturing to investment opportunities in Syria and partnerships with Chinese companies, the Emirati entrepreneur is building businesses designed to scale beyond the UAE.
As the UAE marks Emirati Women’s Day, a new generation of Emirati women is emerging not only as leaders within established industries, but as founders, investors and technology builders creating businesses with ambitions far beyond the country’s borders.
Among them is Hamda Al Mansoori, an Emirati entrepreneur whose business interests span a notably diverse range of sectors — from manufacturing and jewellery to artificial intelligence, digital transformation, investment, consulting and business development.
Through ventures including The Black Box Group, Z2A Group Holding and Outworks, Al Mansoori is building an ecosystem that brings together industry, technology and investment, with the UAE serving as its base for regional and international expansion.
Where manufacturing meets technology
Through The Black Box Group, Al Mansoori has pursued a business model that increasingly blurs the line between traditional industries and emerging technologies.
The group’s activities span manufacturing and jewellery as well as business development, branding, digital solutions, enterprise resource planning systems, AI-powered business automation, logistics and expansion strategies.
Technology has also made its way onto the manufacturing floor.
Artificial intelligence is being incorporated into jewellery production processes to help monitor different stages of manufacturing, analyse operations, identify potential issues and track material loss — with the broader objective of improving efficiency and product quality.
The scale of the ambition became more visible during the group’s participation in Make it in the Emirates 2026, where it announced a pipeline of projects and opportunities worth more than $10 million.
The figure points to a broader strategy: building UAE-based businesses that can develop locally while being structured for expansion into international markets.
Betting on the next generation of AI
Alongside manufacturing, Al Mansoori has moved into one of the fastest-evolving areas of the global technology industry: AI agents.
Through Outworks, the focus is on enterprise artificial intelligence and developing solutions that can take AI beyond answering questions or assisting employees.
AI agents are designed to carry out defined tasks and workflows within organisations, interact with systems and enterprise knowledge, and support operations under established permissions and controls.
For governments, financial institutions and large corporations, however, the race to adopt AI is increasingly about more than capability.
Data sovereignty, cybersecurity, governance and human oversight are becoming central to how organisations decide where and how artificial intelligence can be deployed.
It is an area in which UAE technology companies have an opportunity to compete: not simply by adopting global AI products, but by developing enterprise solutions from the Emirates that address the specific requirements of governments and businesses in the region and potentially beyond.
Looking beyond the UAE
Al Mansoori’s interests extend beyond technology.
Through Z2A Group Holding, her activities include investment strategy, business development and exploring opportunities in regional and international markets.
One of the markets under consideration is Syria, where the group participated as part of a UAE delegation visiting Damascus for economic meetings and discussions around potential investment opportunities.
Areas being explored include industry, tourism and economic development, with an emphasis on identifying opportunities for longer-term projects and partnerships.
The approach reflects a wider investment philosophy that looks beyond capital alone, combining investment, technology, business expertise, project development and knowledge transfer.
For UAE companies looking outward, such markets can represent an opportunity not merely to invest, but to participate in developing businesses and sectors at an earlier stage of growth.
Building bridges with China
At the same time, Al Mansoori’s businesses are expanding their international network through cooperation and partnerships with companies outside the region, including Chinese firms across areas related to technology, manufacturing and business development.
China’s position in advanced manufacturing, technology and global supply chains makes such relationships increasingly relevant for UAE businesses seeking international expertise and scalable industrial capabilities.
The opportunity lies in connecting those capabilities with the UAE’s strengths as a business, investment and technology hub — potentially creating projects that combine international technology and expertise with businesses developed and managed from the Emirates.
It is a model that reflects the increasingly international character of UAE entrepreneurship: build from the UAE, partner globally and expand into new markets.
The UAE remains the launchpad
Despite the diversity of sectors and geographies, the UAE remains at the centre of Al Mansoori’s business strategy.
The country’s investments in artificial intelligence, advanced manufacturing and the digital economy, coupled with its push to attract global businesses and capital, have created an environment in which local entrepreneurs can think beyond the domestic market from the outset.
Al Mansoori’s portfolio reflects that shift.
Rather than building her career around a single industry, her ventures bring together manufacturing, AI, technology, investment, consulting and international partnerships.
The common thread is the attempt to create businesses that can originate in the UAE while competing and expanding internationally.
Emirati Women’s Day: From empowerment to creating opportunities
Al Mansoori’s story takes on particular relevance as the country celebrates Emirati Women’s Day.
The conversation around women’s empowerment in the UAE is increasingly moving beyond representation and leadership positions.
Emirati women are today founding companies, developing technology, directing investment, entering new markets and negotiating international partnerships.
From manufacturing operations incorporating artificial intelligence to enterprise AI agents, and from exploring investment opportunities in Syria to developing relationships with Chinese and international businesses, Al Mansoori’s journey reflects the increasingly global outlook of a new generation of Emirati entrepreneurs.
And perhaps that is one of the more significant stories to emerge this Emirati Women’s Day: Emirati women are no longer only taking their place in the industries of the future — they are increasingly helping to build them, from the UAE to the world.
Business
Dubai Gold Falls Again: Time to Buy?
Gold prices in Dubai fell further on Wednesday morning, giving jewellery buyers a good price break after rates pulled back from the highs seen earlier this month.
At 8.50 am, 24-karat gold stood at Dh491.50 per gram, compared with Dh498.75 on Tuesday, while 22-karat gold was at Dh455.25, down from Dh461.75. The latest decline gives UAE shoppers a lower entry point, although traders say buyers should still expect quick price swings because global bullion remains sensitive to the dollar, US interest-rate expectations and equity market volatility.
The fall marks a retreat from the start of June, when 24-karat gold was trading above Dh539 per gram and later touched Dh542.50 on June 2. Prices remained elevated in the first week, with 24-karat gold at Dh538.50 on June 4 before easing to Dh522.50 on June 5 and holding near Dh521 levels over the following days.
Prices pull back from June highs
The most notable move came around June 10, when 24-karat gold dropped to Dh492.50 and 22-karat fell to Dh456, before prices recovered again in the middle of the month. By June 15 and 16, 24-karat gold had climbed back above Dh521, while 22-karat returned to the Dh482 to Dh483 range.
That recovery did not last. Prices eased again from June 18, when 24-karat gold stood at Dh509.25 and 22-karat at Dh471.50. By June 22, 24-karat had slipped to Dh506, followed by Dh498.75 on June 23 and a further decline on Wednesday morning. The latest price leaves 24-karat gold more than Dh50 below its June 2 level, giving buyers a much lower rate than they would have paid earlier this month.
Should shoppers buy now?
The latest drop improves affordability, especially for those purchasing wedding jewellery, gifts or larger pieces where a Dh40 to Dh50 move per gram can make a visible difference to the final bill. Buyers who have been waiting through June’s price swings may see current levels as more attractive, particularly after the metal’s pullback from record highs.
Still, analysts say the decision depends on whether shoppers are buying for immediate use or trying to time the market. Those purchasing for near-term needs may benefit from the current correction, while buyers with flexibility may prefer staggered purchases because the market remains exposed to sudden moves.
Dollar strength weighs on bullion
Globally, gold fell for a second day as a stronger US dollar and a tech-led selloff in equities prompted some investors to cut bullion holdings and raise cash to cover losses elsewhere.
Spot gold dropped as much as 1.2% to below $4,070 an ounce, after falling 1.7% in the previous session to record its lowest close in two weeks. US Treasuries rallied on Tuesday, while a gauge of the dollar gained 0.6% so far this week, making dollar-priced bullion more expensive for buyers using other currencies.
Gold is usually seen as a haven during periods of uncertainty, but it can also fall during broad market selloffs because investors use it as a source of liquidity. Tuesday’s Wall Street decline was driven by concerns that the AI-led equity rally had moved too far, although Asian markets later showed a cautious recovery.
Rate outlook remains a risk
Gold is also facing pressure from persistent inflation risks and expectations that central banks may keep interest rates steady for longer or move towards further hikes. Higher borrowing costs tend to weigh on gold because the metal does not offer interest income.
The hawkish tone from Federal Reserve Chair Kevin Warsh has added to investor caution and partly offset the supportive impact from last week’s interim US-Iran peace deal. Until there is greater clarity on inflation, interest rates and the dollar, Dubai gold prices are likely to remain volatile, even if current levels look more appealing for shoppers than the highs seen earlier this month.
GN
UAE
Barakah attack condemned, global nuclear safety
A wide international coalition, including the UAE, EU and dozens of countries such as the US, UK, France, Saudi Arabia and Japan, has issued a joint statement condemning a drone attack near the Barakah Nuclear Energy Plant in the UAE.
The May 17, 2026 strike, attributed to armed factions in Iraq, targeted electrical infrastructure outside the plant’s inner perimeter and was described as a “flagrant violation of international law”. The signatories warned of serious safety, environmental and humanitarian risks, urged an immediate halt to attacks on the UAE, and reaffirmed support for the peaceful operation and security of nuclear facilities under IAEA oversight.
A joint statement on the attack on the Barakah Nuclear Plant has been issued by the United Arab Emirates, Argentina, Armenia, Australia, Austria, Bahrain, Belgium, Bulgaria, Canada, Chile, Colombia, Comoros, Costa Rica, Côte d’Ivoire, Croatia, Cyprus, Czechia, Denmark, Egypt, Ecuador, Estonia, EU, Finland, France, Georgia, Germany, Greece, Guatemala, Honduras, Hungary, Ireland, Italy, Japan, Jordan, Kazakhstan, Kuwait, Latvia, Lebanon, Libya, Liechtenstein, Lithuania, Luxembourg, Malta, Marshall Islands, Mauritius, Moldova, Morocco, Netherlands, New Zealand, Norway, Pakistan, Palau, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Republic of Korea, Romania, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Serbia, Seychelles, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Syria, Tonga, Türkiye, Ukraine, United Kingdom, United States, Uruguay, Vietnam, and Yemen. Following is the statement:
“We condemn in the strongest terms the drone attack of 17 May 2026 launched by armed factions in Iraq on electrical infrastructure outside the inner perimeter of the Barakah Nuclear Energy Plant in the United Arab Emirates.
This attack constitutes a flagrant violation of international law, including the Charter of the United Nations, and threatens regional and international peace and security. The attack posed significant risks for civilian lives and objects and of potential severe transboundary radiological, environmental, and human health consequences.
We express our deep concern over this dangerous escalation and demand the immediate and permanent cessation of all attacks against the United Arab Emirates, including attacks against nuclear facilities devoted exclusively to peaceful purposes. We call on States to refrain from acts of aggression and to respect their obligation, under international law, to ensure that their territory is not used by non-state actors to launch attacks against other States.
We strongly support the territorial integrity and sovereignty of the United Arab Emirates, in line with the principles of the Charter of the United Nations.
We commend the prompt and transparent information provided to the International Atomic Energy Agency (IAEA) by the United Arab Emirates through its competent authorities about the consequences of this attack, successful mitigation actions and radiation levels around the Barakah Nuclear Energy Plant which remained normal.
We appreciate the continued efforts of the United Arab Emirates authorities to ensure the safe, secure and peaceful operation of the Barakah Nuclear Energy Plant under Agency safeguards and in accordance with the highest international standards, and welcome the ongoing coordination between the IAEA and the relevant United Arab Emirates authorities.
We reaffirm that the Barakah Nuclear Energy Plant was designed, constructed, and is operated in accordance with the highest international standards and under the oversight of the United Arab Emirates’ Federal Authority for Nuclear Regulation (FANR), and in line with the safety standards of the IAEA.
We support the continued efforts of the IAEA and the Director General in monitoring developments relevant to nuclear safety, nuclear security and safeguards in member States.
We call on States to refrain from any action that may endanger the safety and security of nuclear power plants devoted exclusively to peaceful purposes.
This drone attack affecting infrastructure in proximity to the Barakah Nuclear Energy Plant facility underscores the urgent importance of protecting nuclear infrastructure devoted exclusively to peaceful purposes from threats and hostile acts.
We call for strengthened international cooperation aimed at protecting nuclear power plants devoted exclusively to peaceful purposes and related sites and infrastructure, including through enhanced physical protection, emergency preparedness, and resilience measures.”
GN
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