Dubai to Host 1st Metaverse Assembly at Museum of the Future

Dubai's Museum of the Future. (UAE Government Media Office)
Dubai's Museum of the Future. (UAE Government Media Office)
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Dubai to Host 1st Metaverse Assembly at Museum of the Future

Dubai's Museum of the Future. (UAE Government Media Office)
Dubai's Museum of the Future. (UAE Government Media Office)

Dubai will host the first of its kind Metaverse Assembly at the Museum of the Future and AREA 2071, Emirates Towers, Dubai on Wednesday.

The event will discuss the most prominent trends in designing and building metaverse worlds, virtual training and education, e-commerce, virtual medical technology, arts, electronic games, and organizing events and conferences in the world of metaverses.

Minister of Cabinet Affairs, Vice Chairman of the Board of Trustees, and Managing Director of the Dubai Future Foundation Mohammed al-Gergawi stressed that the Assembly aims to clarify the importance of supporting the adoption and development of the latest future innovations.

Gergawi noted that the global event is a new step to unify the visions of government agencies, technology companies, international organizations, and institutions to explore the metaverse's opportunities, capabilities, and applications.

He explained that the Dubai Metaverse Strategy, launched by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, is a leading and innovative model for governments in implementing initiatives and strategies that employ technologies and future innovations, developing digital and legislative infrastructure, and supporting creative ideas based on the metaverse.

"The Dubai Metaverse Assembly will contribute to the international efforts to harness metaverse applications. It will help to enhance the readiness of governments, companies, and society for the major transformations that we will witness in the coming decades, which will impact how we live and work," he added.

The event will be held on Sept. 28 and 29 and will host more than 300 experts and specialists and 40 local and global organizations and technology companies participating in more than 25 sessions and workshops with more than 30 international speakers.

The sessions on the first day of the Assembly will witness the participation of many UAE ministers and senior officials, including Minister of Economy Abdullah al-Marri, Minister of State for Artificial Intelligence, Digital Economy, and Teleworking Applications Omar al-Olama, and Group Chairman and CEO of DP World and the Chairman of the Ports, Customs and Free Zone Corporation, Sultan bin Sulayem.

They will discuss topics such as the economic size of the metaverse opportunity, the future of the new world, opportunities in virtual real estate, metaverse impact on supply chain and enabling people and operations, maximizing the potential of ecosystems on the metaverse, building the responsible metaverse, augmented reality and its effects, and the Dubai Metaverse Strategy.

The second day will discuss several interesting topics, including diving into the metaverse by META, the future of nations in the metaverse, the role of governments in virtual worlds, opportunities in aviation, sectors impacted by the metaverse, the UAE metaverse contributors, aging in the metaverse and the building blocks for web 3.0 and the metaverse.

The workshops will discuss topics such as accelerating value creation in the metaverse, aviation in the metaverse, the road to the metaverse and innovating governance, decoding the metaverse, leaping over web 2.0 into the metaverse, brands in the metaverse, metaverse as a game changer, how shopping, banking, and gaming are spearheading the metaverse, immersive learning experiences in the metaverse, and venture capital for the metaverse, among other topics.



Musk Blasts French Prosecutors Probing His X Platform

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023 and (R) the new Twitter logo rebranded as X, pictured on a screen in Paris on July 24, 2023. (Photo by Alain JOCARD / AFP)
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023 and (R) the new Twitter logo rebranded as X, pictured on a screen in Paris on July 24, 2023. (Photo by Alain JOCARD / AFP)
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Musk Blasts French Prosecutors Probing His X Platform

SpaceX, Twitter and electric car maker Tesla CEO Elon Musk during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023 and (R) the new Twitter logo rebranded as X, pictured on a screen in Paris on July 24, 2023. (Photo by Alain JOCARD / AFP)
SpaceX, Twitter and electric car maker Tesla CEO Elon Musk during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris on June 16, 2023 and (R) the new Twitter logo rebranded as X, pictured on a screen in Paris on July 24, 2023. (Photo by Alain JOCARD / AFP)

Elon Musk has launched a tirade against French judicial authorities currently investigating possible abuses on his X social network -- prompting a fresh legal complaint from a gay rights group Saturday.

France opened an inquiry in January 2025 into allegations that X, formerly known as Twitter, was used to interfere in French politics.

The probe has since widened to cover allegations of Holocaust denial, distribution of sexual deepfakes and most recently possible complicity in the distribution of images of child sexual abuse.

Responding to a post on the latest phase of the inquiry, Musk wrote in French on Friday: "They're faker than a chocolate euro and gayer than a flamingo in a neon tutu!"

French campaigning group Stop Homophobie filed a complaint against Musk over his latest comments.

The group's lawyer, Etienne Deshoulieres, told AFP they had filed a complaint for "public insults towards a group of people because of their sexual orientation or gender identity".

The SpaceX and Tesla tycoon, under investigation along with former X CEO Linda Yaccarino, recently failed to respond to a summons from the French judiciary for an informal interview.

He already labelled French magistrates "mentally retarded" in an earlier post in French, following a raid on X's Paris office in mid-February.

At the time of the raid, the social network condemned what it called an abusive judicial action with political motives and denied any wrongdoing.

Contacted by AFP about Musk's latest published remarks, X declined to comment.


Nintendo to Hike Switch 2 Price, Warns on Profits

FILE - A Nintendo sign is seen outside Nintendo's official store in the Shibuya district of Tokyo, Jan. 23, 2020. (AP Photo/Jae C. Hong, File)
FILE - A Nintendo sign is seen outside Nintendo's official store in the Shibuya district of Tokyo, Jan. 23, 2020. (AP Photo/Jae C. Hong, File)
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Nintendo to Hike Switch 2 Price, Warns on Profits

FILE - A Nintendo sign is seen outside Nintendo's official store in the Shibuya district of Tokyo, Jan. 23, 2020. (AP Photo/Jae C. Hong, File)
FILE - A Nintendo sign is seen outside Nintendo's official store in the Shibuya district of Tokyo, Jan. 23, 2020. (AP Photo/Jae C. Hong, File)

Japanese gaming giant Nintendo said Friday it will hike the price of its Switch 2 gaming console as memory chip costs soar, warning that net profit would fall 27 percent this year.

Sony -- whose PlayStation5 has already risen in price -- was more upbeat, projecting a 13-percent rise in income but still with falling sales of its ageing console.

Nintendo said the Switch 2 price in Japan will rise 20 percent from May 25, and from September 1 by 11 percent in the United States to $499.99 and in Europe by six percent to 499.99 euros.

For the year to next March, Nintendo expects net profit to drop 27 percent to 310 billion yen ($1.98 billion) on sales of 2.05 trillion, marking a fall of 11.4 percent.

It also forecast 370 billion yen in operating profit, considerably below the average analyst estimate of 480 billion yen, according to Bloomberg News.

Net profit surged 52 percent to 424 billion yen last year on annual sales of 2.31 trillion yen, nearly doubling from the previous year, Nintendo said in a statement.

"Nintendo Switch 2 got off to a good start following its launch in June and global sales continued to grow after that," AFP quoted the company as saying.

It sold 19.86 million units of the new console by March, thanks to games like "Pokemon Pokopia,” "Mario Kart World" and "Donkey Kong Bananza.”

Price rises of memory chips fueled by the artificial intelligence boom have hit makers of games consoles, smartphones and other devices, while disruptions linked to the Iran war have exacerbated supply problems.

Sony said Friday that it sold 16 million PlayStation5 units in the past fiscal year, down from 18.5 million in the previous 12 months.

With 92 million PlayStation2 units sold since its launch in 2020, analysts said the firm was well placed to benefit from the release of smash hit "Grand Theft Auto VI", due in November.

"If there is a game that can sell PlayStations by the millions, it is this one," Gaming industry consultant Serkan Toto told AFP.

For the year to March 2027, the game division is expected to enjoy higher profits despite falling sales, Sony said.

"Sony's more mature PS5 console cycle leaves it better placed to weather higher memory costs," said Amir Anvarzadeh, strategist at Asymmetric Advisors.

"Having already moved past the heavy hardware penetration costs typical of earlier years, Sony's bottom line stands to benefit significantly from the high-margin software sales and ecosystem engagement this launch should trigger," Anvarzadeh said.

Nintendo though is in a more difficult position, Toto said, as Switch 2 customers are "especially price sensitive.”

"The first year game lineup for Switch 2 is much weaker than for its predecessor," he said.

"But now it's time for them to really step on the gas on the software side."


Tesla's China-made EV Sales Jump 36% in April, Extending Rebound

FILE PHOTO: A Tesla electric vehicle is charged at a Tesla Supercharger battery charging station in Barakaldo, Spain, March 29, 2025. REUTERS/Vincent West/File Photo
FILE PHOTO: A Tesla electric vehicle is charged at a Tesla Supercharger battery charging station in Barakaldo, Spain, March 29, 2025. REUTERS/Vincent West/File Photo
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Tesla's China-made EV Sales Jump 36% in April, Extending Rebound

FILE PHOTO: A Tesla electric vehicle is charged at a Tesla Supercharger battery charging station in Barakaldo, Spain, March 29, 2025. REUTERS/Vincent West/File Photo
FILE PHOTO: A Tesla electric vehicle is charged at a Tesla Supercharger battery charging station in Barakaldo, Spain, March 29, 2025. REUTERS/Vincent West/File Photo

Tesla's China-made EV sales jumped 36% on the year in April, a sixth month of gains, as the US automaker fights to hold ground against a wave of cheaper Chinese rivals.

Deliveries of Model 3 and Model Y vehicles built at Tesla's Shanghai plant, including those exported to Europe ⁠and other markets, totaled ⁠79,478 units, data from China Passenger Car Association showed on Thursday.

That was down 7.2% from March this year but well above April 2025 levels.

The figures suggest Tesla is stabilizing in its two most important markets outside the US after a bruising stretch of market share losses, ⁠though regulatory delays around its Full Self-Driving software and new Chinese EVs may limit the recovery.

The US automaker's sales continued to recoverlast month in several European markets, including Sweden, France and Denmark. This was supported by stronger demand for battery EVs as oil prices spiked due to the US-Iran conflict.

Tesla faces regulatory obstacles, with the path toward approval of its Full Self-Driving (FSD) system highly valued by customers, particularly in China, still ⁠uncertain.

The company ⁠now expects to secure full FSD approval in China by the third quarter, CFO Vaibhav Taneja said in April, a delay from its initial target of the first quarter.

Emails from some European regulators reviewed by Reuters indicate EU skepticism toward the technology.

The recovery follows a punishing stretch for Tesla, which lost almost half its European market share in 2025.

Nevertheless, Tesla is stepping up efforts to defend its position against new Chinese models by developing a cheaper, compact SUV produced in China, Reuters reported last month.