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High‑Trend International Group Announces Cancellation and Retirement of 630,000 Class A Ordinary Shares

NEW YORK, May 15, 2026 /PRNewswire/ — High-Trend International Group (Nasdaq: HTCO, the “Company”) today announced that it has completed the cancellation and retirement of 630,000 Class A ordinary shares (the “Pre‑Delivery Shares”) that were previously issued to Streeterville Capital, LLC (“Streeterville”) pursuant to a securities purchase agreement dated October 29, 2025.

HTCO Chairman Mr. Christopher Nixon Cox stated that this transaction will help further optimize the Company’s capital structure, reduce potential dilution and provide greater flexibility for the execution of its future business strategy.

Previously, the Company had entered into a payoff acknowledgment and termination agreement with Streeterville, under which the Company fully satisfied all obligations arising from the related financing and received the return of the Pre‑Delivery Shares. Following the completion of the relevant share return and transfer procedures, all 630,000 Pre‑Delivery Shares have now been cancelled and retired, resulting in a corresponding reduction of 630,000 in the number of the Company’s issued and outstanding Class A ordinary shares.

About High-Trend International Group

High-Trend International Group is a global ocean transportation company with core businesses in international shipping.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws, including Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by words such as “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions. Actual results may differ materially from those indicated by these forward-looking statements due to various risks and uncertainties, including but not limited to those detailed in the Company’s filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law.

DeepQure Reports Encouraging Clinical Data from World’s First Extravascular RDN System at AUA 2026

WASHINGTON, May 15, 2026 /PRNewswire/ — DeepQure, a clinical-stage medical device company, announced the completion of its featured presentation at the American Urological Association (AUA) Innovation Nexus Forum, held during the AUA Annual Meeting. DeepQure was selected to present the clinical progress of HyperQure™, the world’s first minimally invasive (laparoscopic/robotic) extravascular renal denervation (RDN) system.

The Innovation Nexus Forum is a premier platform for featuring cutting-edge urological technologies. DeepQure was invited to present its unique approach to treating uncontrolled hypertension, which addresses the inherent limitations of conventional catheter based intravascular RDN to address anatomical diversity and achieve full denervation.

While conventional intravascular RDN systems are now commercially available, variable blood pressure reduction due to incomplete or inconsistent nerve ablation remains as a significant unmet challenge. HyperQure™ is engineered to address this inherent limitation by enabling direct, circumferential ablation of perivascular nerves from outside the artery, independent of vessel anatomy.

Expanding Global Clinical Momentum

During the forum, DeepQure reported clinical milestones across its international programs:

  • Clinical Status: Successfully completed 15 cases in two early-phase studies — Korea’s first-in-human trial and the US Early Feasibility Study (IDE).
  • Institutional Participation: US clinical trials are currently conducted at leading academic centers, including Stanford University, Mayo Clinic, Emory University, UC Irvine, University of Florida, and Henry Ford Health System.
  • KOL Participation: DeepQure’s network of global authorities in hypertension includes Drs. David Kandzari and Herbert Aronow, recently bolstered by Professor Raymond Townsend (Medtronic’s SPYRAL HTN lead investigator) to ensure clinical integrity for upcoming trials.
  • Safety Profile: No device-related major adverse events (MAEs) have been reported. All patients are in the follow-up stage, with full clinical data scheduled to be presented at EuroPCR 2026 in May.

“The AUA Innovation Nexus Forum provided a critical stage to demonstrate how our extravascular, circumferential approach addresses the therapeutic gap in current RDN treatments,” said Chanho Park, Chairman of the Board of DeepQure. “With 15 cases completed across Korea and the US, the company is now focused on advancing its global pivotal trial.

About the AUA Innovation Nexus Forum

The AUA Innovation Nexus Forum provides a collaborative venue for showcasing emerging technologies and transformative innovations in urology. The forum connects medical device innovators with global clinical experts to accelerate the development of solutions that address significant unmet needs in urological and related healthcare fields.

About Uncontrolled Hypertension and RDN

Uncontrolled hypertension affects an estimated ~30% of hypertensive patients globally and is associated with a significantly elevated risk of stroke and heart failure. It is clinically defined as systolic blood pressure that remains above 140mmHg despite pharmacological treatment. RDN is an interventional therapy designed to lower blood pressure by disrupting overactive sympathetic nerves surrounding the renal arteries.

About DeepQure

DeepQure is a clinical-stage medtech company developing next-generation RDN treatments. Its lead product, HyperQure™, is a proprietary extravascular system designed for 360° circumferential ablation of renal nerves from outside the vessel. HyperQure holds the Korean MFDS Breakthrough Device Designation and ISO 13485 certification.

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Datar Cancer Genetics Receives Landmark US FDA Clearance for CellDx-Tissue, a Comprehensive Genomic Profiling Assay for Solid Tumors Using DNA + RNA

Clearance Recognises CellDx-Tissue’s Dual-Analyte DNA and RNA Workflow Across 517 Cancer-Associated Genes, with ALK, RET and ROS1 Fusion Calls on RNA-Level Evidence

NASHIK, India, May 14, 2026 /PRNewswire/ — Datar Cancer Genetics (DCG), a global precision oncology company, today announced that its tissue-based comprehensive genomic profiling (CGP) assay for all solid tumors, CellDx-Tissue, has been cleared by the US Food and Drug Administration (US FDA).

CellDx-Tissue- Comprehensive Genomic Profiling Assay
CellDx-Tissue- Comprehensive Genomic Profiling Assay

The clearance strengthens DCG’s position in delivering a breakthrough platform intended for use by oncologists globally to make personalised clinical management decisions in accordance with professional guidelines and complements the company’s earlier US FDA Breakthrough Device Designations for its liquid biopsy platforms.

About CellDx-Tissue

CellDx-Tissue is a qualitative in vitro diagnostic (IVD) test that uses targeted Next-Generation Sequencing (NGS) of DNA and RNA isolated from formalin-fixed paraffin-embedded (FFPE) tumor tissue of patients diagnosed with solid tumors. The assay analyses 517 cancer-associated genes and is intended to provide information on somatic single nucleotide variants (SNVs), small insertions and deletions (InDels), ERBB2 gene amplification, and gene fusions involving ALK, RET and ROS1. CellDx-Tissue is a single-site assay performed at Datar Cancer Genetics’ CAP- and CLIA-accredited laboratory.

Significance

Comprehensive genomic profiling has become a central component of clinical management of solid tumors, supporting clinicians in characterising tumor genomic alterations across a broad spectrum of cancer types. The US FDA clearance process is intensive and rigorous, spanning analytical, clinical, and information technology domains.  

The clearance consolidates DCG’s position to engage with international clinical, academic and biopharmaceutical partners on a common regulatory footing for clinical management support, translational research, and biomarker development programs.

Dr. Vineet Datta, Senior Director – Global Strategy and Business Development, said: “This US FDA clearance for CellDx-Tissue adds gold-standard regulatory endorsement to an important solution offered by DCG. CellDx-Tissue bridges the gap between genomic complexity and clinical decision-making, offering patients wider options in an era of rapidly evolving therapies. We’re proud to bring this technology to oncologists worldwide.”

“US FDA clearance of our tissue-based genomic panel is a substantive validation of our science and quality systems. It enables us to support oncologists with robust, standardised genomic information to guide complex treatment decisions, and reinforces our commitment to combining advanced genomics, rigorous science, and real-world clinical relevance in service of cancer patients,” said Dr. Darshana Patil, Senior Director – Group Medical Affairs.

Dr. Dadasaheb Akolkar, Director – Research & Innovation, added, “This clearance reflects the consistency, rigor and clinical orientation our scientific and quality teams have brought to the development of CellDx-Tissue platform. We look forward to extending our transformational precision oncology solutions to cancer patients across global markets.”

About Datar Cancer Genetics

Datar Cancer Genetics is a global, AI-driven precision oncology company focused on developing and delivering advanced cancer diagnostics, including non-invasive liquid biopsy and tissue-based multi-omic solutions, for early detection, treatment selection and cancer monitoring. With UKAS-, CAP- and CLIA-accredited laboratories and a presence across the United Kingdom, the European Union, the United States, the Gulf Cooperation Council and Asia, DCG partners with clinicians and cancer centers worldwide to enable personalised cancer care for patients with solid organ cancers.

Web: https://datarpgx.com/celldx-tissue

 

MicroAlgo Inc. Develops Multi-Objective Evolutionary Algorithm to Advance Quantum Circuit Innovation

SHENZHEN, China, May 14, 2026 /PRNewswire/ — MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced the proposal of a powerful solution—a multi-objective evolutionary search strategy, which is an innovative automated tool that can assist in designing quantum circuits, thereby bringing breakthroughs to quantum algorithm development.

The Multi-Objective Evolutionary Algorithm (MOEA) is a class of optimization algorithms based on evolution, specifically designed to address problems involving multiple conflicting objectives. Its working principle mimics the process of natural selection by randomly generating a set of candidate solutions in the solution space and, through iterative processes across multiple generations, continuously improving the quality of solutions through operations such as crossover, mutation, and selection. Ultimately, this evolutionary process can generate a solution set with higher fitness, i.e., optimal solutions that satisfy multiple objectives.

The innovation of the Multi-Objective Evolutionary Algorithm technology developed by MicroAlgo lies in its ability to automatically design quantum circuits from “zero.” In other words, this technology does not require a pre-defined specific circuit design but instead gradually constructs quantum circuits capable of achieving the target functionality by combining search and optimization methods with a universal library of quantum circuit components.

One of the key features of MicroAlgo’s algorithm is its task-universal library. This library contains a large number of different quantum circuit components, whose combinations and parameterization can construct circuits that implement complex functions. This design approach means that developers do not need to manually design circuits; instead, the algorithm automatically searches for the optimal circuit configuration based on the input/output requirements of the task.

More importantly, this algorithm is not only capable of designing circuits but also, through its multi-objective characteristics, can balance trade-offs among various performance metrics. For example, during the design process, the algorithm considers not only the accuracy of the quantum circuit but also other critical metrics such as the circuit’s width, depth, and the number of gates used. This is particularly important for the current stage of quantum computing hardware development, as first-generation quantum processors are extremely limited in resources (such as the number of gates and qubits), and the algorithm must achieve optimal performance within these limited resources.

To validate the effectiveness of the multi-objective evolutionary algorithm, MicroAlgo applied it to the automated design of classic quantum algorithms. Specifically, the Quantum Fourier Transform and Grover’s Search Algorithm were selected as test cases. The Quantum Fourier Transform is a widely used transformation in quantum computing, playing a significant role in many algorithms, such as Shor’s factorization algorithm. Meanwhile, Grover’s Search Algorithm is considered another foundational algorithm in quantum computing, capable of finding target data in an unsorted dataset at a faster speed than classical search algorithms.

In these two tests, the multi-objective evolutionary algorithm was able to find circuit structures that meet the input/output mapping requirements of these algorithms by combining components from the quantum circuit component library. After multiple iterations, the algorithm not only discovered textbook-style classic quantum circuit designs but also found alternative structures that achieve the same functionality. This demonstrates that the algorithm has the capability to efficiently design quantum circuits and can provide multiple alternative circuit solutions, offering great flexibility for the optimization of quantum computing algorithms.

The technical implementation behind the multi-objective evolutionary algorithm involves several key steps and processes. First, in the initial stage, the algorithm generates a set of random quantum circuits. These circuits are composed of quantum components from the library and include adjustable parameters. Subsequently, the algorithm simulates each quantum circuit and evaluates its performance. The evaluation metrics include the circuit’s accuracy, the number of gates used, the circuit’s width, and its depth.

Next, the algorithm filters and optimizes the circuits based on these metrics. Through crossover operations (similar to genetic recombination in biological evolution), the algorithm “crosses” two high-performing circuits to generate new candidate circuits; through mutation operations, the algorithm randomly modifies certain parts of the circuits to introduce new design possibilities. This process is repeated continuously, with each generation eliminating poorly performing circuits while retaining and optimizing high-performing circuits until the optimal solution is found.

The core advantage of the multi-objective evolutionary algorithm lies in its ability to optimize multiple metrics simultaneously. For example, in quantum computing, circuit depth and accuracy are often conflicting objectives: deeper circuits may offer higher accuracy but increase the complexity of execution and hardware requirements. Through this algorithm, developers can find the optimal balance point between these objectives, ensuring that the circuit meets the demands of efficient computation while being implementable under existing hardware conditions.

The multi-objective evolutionary algorithm developed by MicroAlgo is not only a significant technical breakthrough but also has the potential to change the development direction of the quantum computing industry in multiple ways.

First, the introduction of automated tools greatly reduces the difficulty of quantum algorithm development. Currently, the barrier to quantum computing development is high, typically requiring experts with deep backgrounds in quantum physics, quantum information science, and computer science to design effective quantum algorithms. However, with this multi-objective evolutionary algorithm, developers only need to define the objectives of the computational task, and the algorithm can automatically generate circuit designs that meet the requirements, thereby lowering the technical barriers to quantum algorithm development.

Second, this algorithm significantly enhances the efficiency and quality of quantum algorithms. Traditional quantum algorithm design relies on the experience and intuition of experts, whereas this evolutionary algorithm can explore a broader design space, even discovering optimization solutions that humans might not easily find. Especially on resource-constrained quantum hardware, this algorithm can find optimal solutions for different tasks, effectively improving the computational performance of the hardware.

Finally, the multi-objective evolutionary algorithm paves the way for future applications of quantum computing. As quantum computing gradually moves from the laboratory to practical applications, automated tools will become increasingly important. The technology developed by MicroAlgo is not only suitable for existing quantum computing tasks but also capable of addressing the more complex application demands of the future. Whether in fields such as chemical simulation, financial risk analysis, or cryptography, the design of quantum algorithms can be significantly enhanced through this evolutionary algorithm.

The multi-objective evolutionary algorithm represents a major breakthrough in quantum algorithm development. By combining a task-universal library, automated design, and multi-objective optimization, this algorithm not only simplifies the quantum circuit design process but also improves the efficiency and flexibility of circuits. The introduction of this technology marks a new stage in quantum computing, providing a solid foundation for the widespread application of quantum computers across multiple industries. In the future, as quantum hardware continues to advance, there is reason to believe that this multi-objective evolutionary algorithm will have an even more profound impact in the field of quantum computing and drive the emergence of more breakthrough achievements.

About MicroAlgo Inc.

MicroAlgo Inc. (the “MicroAlgo”), a Cayman Islands exempted company, is dedicated to the development and application of bespoke central processing algorithms. MicroAlgo provides comprehensive solutions to customers by integrating central processing algorithms with software or hardware, or both, thereby helping them to increase the number of customers, improve end-user satisfaction, achieve direct cost savings, reduce power consumption, and achieve technical goals. The range of MicroAlgo’s services includes algorithm optimization, accelerating computing power without the need for hardware upgrades, lightweight data processing, and data intelligence services. MicroAlgo’s ability to efficiently deliver software and hardware optimization to customers through bespoke central processing algorithms serves as a driving force for MicroAlgo’s long-term development.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of MicroAlgo, including those set forth in the Risk Factors section of MicroAlgo’s periodic reports on Forms 10-K and 8-K filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, MicroAlgo’s expectations with respect to future performance and anticipated financial impacts of the business transaction.

MicroAlgo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as may be required by law.

 

YAS ISLAND TO BE HOME OF SPHERE ABU DHABI, A NEW GLOBAL ICON FOR IMMERSIVE ENTERTAINMENT

The Department of Culture and Tourism – Abu Dhabi will invest USD 1.7 billion in the construction phase of this landmark project on Yas Island

Construction expected to be completed by the end of 2029

With a capacity of up to 20,000, Sphere Abu Dhabi will host immersive experiences, concert residencies, sporting spectacles and brand events

Exosphere to celebrate Emirati culture through large-scale art and visual storytelling

ABU DHABI, UAE, May 14, 2026 /PRNewswire/ — The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Sphere Entertainment Co. (NYSE: SPHR) today announced that Yas Island has been selected as the location for Sphere Abu Dhabi, a landmark project with a construction phase cost of USD 1.7 billion. Poised to become a global icon, the venue will attract tourists from around the world, boost economic diversification, and strengthen Abu Dhabi’s sense of place for residents and visitors alike.

Yas Island to be home of Sphere Abu Dhabi
Yas Island to be home of Sphere Abu Dhabi

 

Sphere Abu Dhabi, which will be the first Sphere venue outside the United States, will be built on a plot of land between Yas Mall and SeaWorld Abu Dhabi, with lush green surroundings and proximity to other Yas Island theme parks and attractions. Construction on the venue is expected to be completed by the end of 2029.

HE Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: “Abu Dhabi has always built for the long term, and Sphere Abu Dhabi is a powerful demonstration of that commitment. In a region where the appetite for world-class experiences continues to grow, our USD 1.7 billion investment in its construction phase sends a clear signal: Abu Dhabi is open, ambitious, and unwavering in its direction. This project reflects the strength of Abu Dhabi’s international partnerships, built on shared ambition and mutual confidence in what this emirate represents as a global destination. Together, we are creating a venue that will draw our community, visitors, creators and investors to Yas Island and Abu Dhabi for decades to come. And at its heart, Sphere Abu Dhabi will be a platform for Emirati culture, Emirati talent and Emirati storytelling, shared with the world on the grandest stage ever built.”

James L. Dolan, Executive Chairman and Chief Executive Officer of Sphere Entertainment, said: “Sphere Abu Dhabi is the first step in realising our vision for a global network of venues. Abu Dhabi is a premier international capital city, and its ambition, infrastructure, and position as a cultural crossroads make it a natural home for Sphere. Sphere Abu Dhabi will establish Yas Island as a destination in the region for immersive experiences, and we look forward to working with DCT Abu Dhabi to see this venue come to life.”

Sphere Abu Dhabi will host three main categories of events, all powered by Sphere’s advanced experiential technologies: Sphere Experiences, proprietary immersive productions that feature multi-sensory storytelling; concert residencies; and marquee and brand events supported by flexible configurations to host everything from combat sports to conferences to product launches.

The entertainment offerings at Sphere Abu Dhabi will reflect Abu Dhabi’s status as a cultural crossroads. While still in development, plans include featuring fully immersive experiences that are the signature of Sphere in Las Vegas, in addition to the creation of Sphere Experiences that convey Emirati culture and heritage, and displaying Emirati artists’ work on the Exosphere, the spherical LED screen that forms the venue’s exterior. Concerts will feature local and other Arabic artists, as well as global stars.

Located a short drive from Zayed International Airport, Sphere Abu Dhabi will be a welcoming gateway to the emirate’s culture and entertainment offerings. With its proximity to Yas Island’s other hospitality and entertainment infrastructure, Sphere Abu Dhabi will reinforce Yas Island as a global events destination, not only for events at Sphere, but also by providing an exceptional backdrop, broadcast worldwide during the annual Formula 1 Etihad Airways Abu Dhabi Grand Prix.

The world’s first Sphere venue opened in Las Vegas in September 2023. Like the venue in Las Vegas, Sphere Abu Dhabi will be an experiential medium powered by advanced technologies that will transform the traditional venue model. The venue will also echo the scale of Sphere in Las Vegas, with a capacity of up to 20,000, depending on the configuration for a given event. Once open, Sphere Abu Dhabi’s ongoing operations will create thousands of jobs locally.

Another milestone in Abu Dhabi’s integrated destination development, Sphere Abu Dhabi will function as a global tourism magnet alongside other globally renowned projects such as Saadiyat Cultural District and the upcoming Disney theme park resort on Yas Island.

DCT Abu Dhabi will work with entities including the Department of Municipalities and Transport and its Integrated Transport Centre, the Department of Energy, Taqa, Etihad Rail and Aldar to ensure all components of the master plan including road enhancements, site access and site-wide infrastructure are coordinated with surrounding assets on Yas Island.

About the Department of Culture and Tourism – Abu Dhabi:

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) drives the sustainable growth of Abu Dhabi’s culture and tourism sectors, fuels economic progress and helps achieve Abu Dhabi’s wider global ambitions. By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture, creative and tourism industries.

DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.
For more information about the Department of Culture and Tourism – Abu Dhabi and the destination, please visit: dctabudhabi.ae and visitabudhabi.ae

About Sphere Entertainment Co:
Sphere Entertainment Co. is a leader in immersive experiences, technology and media. The Company includes Sphere, an experiential medium powered by advanced technologies. The first Sphere opened in Las Vegas, with plans also announced for Sphere venues in Abu Dhabi and National Harbor. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at sphereentertainmentco.com.

Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the expected completion of construction for Sphere Abu Dhabi. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including, without limitation, unexpected costs, liabilities or delays in connection with the development and construction of Sphere Abu Dhabi and the factors described in Sphere Entertainment’s filings with the United States Securities and Exchange Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. Sphere Entertainment disclaims any obligation to update any forward-looking statements contained herein.

Video – https://mma.prnasia.com/media2/2980336/DCT_Abu_Dhabi_Video.mp4

James L. Dolan - Executive Chairman and Chief Executive Officer of Sphere Entertainment Co, HE Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi)
James L. Dolan – Executive Chairman and Chief Executive Officer of Sphere Entertainment Co, HE Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi)

 

 

Yas Island to be home of Sphere Abu Dhabi

YAS ISLAND TO BE HOME OF SPHERE ABU DHABI, A NEW GLOBAL ICON FOR IMMERSIVE ENTERTAINMENT

The Department of Culture and Tourism – Abu Dhabi will invest USD 1.7 billion in the construction phase of this landmark project on Yas Island

Construction expected to be completed by the end of 2029

With a capacity of up to 20,000, Sphere Abu Dhabi will host immersive experiences, concert residencies, sporting spectacles and brand events

Exosphere to celebrate Emirati culture through large-scale art and visual storytelling

ABU DHABI, UAE, May 14, 2026 /PRNewswire/ — The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and Sphere Entertainment Co. (NYSE: SPHR) today announced that Yas Island has been selected as the location for Sphere Abu Dhabi, a landmark project with a construction phase cost of USD 1.7 billion. Poised to become a global icon, the venue will attract tourists from around the world, boost economic diversification, and strengthen Abu Dhabi’s sense of place for residents and visitors alike.

Yas Island to be home of Sphere Abu Dhabi
Yas Island to be home of Sphere Abu Dhabi

 

Sphere Abu Dhabi, which will be the first Sphere venue outside the United States, will be built on a plot of land between Yas Mall and SeaWorld Abu Dhabi, with lush green surroundings and proximity to other Yas Island theme parks and attractions. Construction on the venue is expected to be completed by the end of 2029.

HE Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said: “Abu Dhabi has always built for the long term, and Sphere Abu Dhabi is a powerful demonstration of that commitment. In a region where the appetite for world-class experiences continues to grow, our USD 1.7 billion investment in its construction phase sends a clear signal: Abu Dhabi is open, ambitious, and unwavering in its direction. This project reflects the strength of Abu Dhabi’s international partnerships, built on shared ambition and mutual confidence in what this emirate represents as a global destination. Together, we are creating a venue that will draw our community, visitors, creators and investors to Yas Island and Abu Dhabi for decades to come. And at its heart, Sphere Abu Dhabi will be a platform for Emirati culture, Emirati talent and Emirati storytelling, shared with the world on the grandest stage ever built.”

James L. Dolan, Executive Chairman and Chief Executive Officer of Sphere Entertainment, said: “Sphere Abu Dhabi is the first step in realising our vision for a global network of venues. Abu Dhabi is a premier international capital city, and its ambition, infrastructure, and position as a cultural crossroads make it a natural home for Sphere. Sphere Abu Dhabi will establish Yas Island as a destination in the region for immersive experiences, and we look forward to working with DCT Abu Dhabi to see this venue come to life.”

Sphere Abu Dhabi will host three main categories of events, all powered by Sphere’s advanced experiential technologies: Sphere Experiences, proprietary immersive productions that feature multi-sensory storytelling; concert residencies; and marquee and brand events supported by flexible configurations to host everything from combat sports to conferences to product launches.

The entertainment offerings at Sphere Abu Dhabi will reflect Abu Dhabi’s status as a cultural crossroads. While still in development, plans include featuring fully immersive experiences that are the signature of Sphere in Las Vegas, in addition to the creation of Sphere Experiences that convey Emirati culture and heritage, and displaying Emirati artists’ work on the Exosphere, the spherical LED screen that forms the venue’s exterior. Concerts will feature local and other Arabic artists, as well as global stars.

Located a short drive from Zayed International Airport, Sphere Abu Dhabi will be a welcoming gateway to the emirate’s culture and entertainment offerings. With its proximity to Yas Island’s other hospitality and entertainment infrastructure, Sphere Abu Dhabi will reinforce Yas Island as a global events destination, not only for events at Sphere, but also by providing an exceptional backdrop, broadcast worldwide during the annual Formula 1 Etihad Airways Abu Dhabi Grand Prix.

The world’s first Sphere venue opened in Las Vegas in September 2023. Like the venue in Las Vegas, Sphere Abu Dhabi will be an experiential medium powered by advanced technologies that will transform the traditional venue model. The venue will also echo the scale of Sphere in Las Vegas, with a capacity of up to 20,000, depending on the configuration for a given event. Once open, Sphere Abu Dhabi’s ongoing operations will create thousands of jobs locally.

Another milestone in Abu Dhabi’s integrated destination development, Sphere Abu Dhabi will function as a global tourism magnet alongside other globally renowned projects such as Saadiyat Cultural District and the upcoming Disney theme park resort on Yas Island.

DCT Abu Dhabi will work with entities including the Department of Municipalities and Transport and its Integrated Transport Centre, the Department of Energy, Taqa, Etihad Rail and Aldar to ensure all components of the master plan including road enhancements, site access and site-wide infrastructure are coordinated with surrounding assets on Yas Island.

About the Department of Culture and Tourism – Abu Dhabi:

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) drives the sustainable growth of Abu Dhabi’s culture and tourism sectors, fuels economic progress and helps achieve Abu Dhabi’s wider global ambitions. By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture, creative and tourism industries.

DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.
For more information about the Department of Culture and Tourism – Abu Dhabi and the destination, please visit: dctabudhabi.ae and visitabudhabi.ae

About Sphere Entertainment Co:
Sphere Entertainment Co. is a leader in immersive experiences, technology and media. The Company includes Sphere, an experiential medium powered by advanced technologies. The first Sphere opened in Las Vegas, with plans also announced for Sphere venues in Abu Dhabi and National Harbor. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at sphereentertainmentco.com.

Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the expected completion of construction for Sphere Abu Dhabi. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward-looking statements as a result of various factors, including, without limitation, unexpected costs, liabilities or delays in connection with the development and construction of Sphere Abu Dhabi and the factors described in Sphere Entertainment’s filings with the United States Securities and Exchange Commission, including the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein. Sphere Entertainment disclaims any obligation to update any forward-looking statements contained herein.

Photo – https://laotiantimes.com/wp-content/uploads/2026/05/dct_abu_dhabi_photo_1.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2026/05/dct_abu_dhabi_photo_2.jpg
Video – https://mma.prnasia.com/media2/2980336/DCT_Abu_Dhabi_Video.mp4

James L. Dolan - Executive Chairman and Chief Executive Officer of Sphere Entertainment Co, HE Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi)
James L. Dolan – Executive Chairman and Chief Executive Officer of Sphere Entertainment Co, HE Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi)

 

 

Yas Island to be home of Sphere Abu Dhabi

Frost & Sullivan Institute Highlights Global Impact Through Visionary Leadership Best Practices Recognition, 2026

SAN ANTONIO, May 14, 2026 /PRNewswire/ — The Frost & Sullivan Institute (FSI) is proud to announce the latest cohort of honorees for its Visionary Leadership Best Practices Recognition, 2026. This prestigious accolade is reserved for those leaders who transcend traditional business metrics to prioritize humanity, sustainability, and global equity.

The Frost & Sullivan Institute Best Practices Recognition is more than an award; it is a validation of leaders who have successfully moved the needle on systemic issues. By aligning their personal and professional missions with FSI’s core pillars such as Education, Environment, Healthcare, Human Rights, Infrastructure, Security, and Economic Progress, these leaders are turning ambitious blueprints into tangible global realities.

“What distinguishes true visionary leadership is the ability to translate foresight into tangible, lasting impact. We are honoring individuals who don’t just solve the problems of today, but who are actively architecting a more resilient and equitable world for the next generation. Their work serves as a blueprint for what is possible when Innovation is paired with a profound sense of purpose,” said Aroop Zutshi, Director, Frost & Sullivan Institute.  

A key strength of the Visionary Leadership recognition lies in its structured and research-driven evaluation approach. Nominees are assessed across Impact, Innovation, and Implementation, ensuring a balanced view of both strategic intent and execution outcomes. This is complemented by expert panel reviews and benchmarking exercises, enabling FSI to identify leaders whose contributions are not only forward-thinking but also scalable and enduring.

The list of visionary leaders for 2026 includes:

Jeff Speck

Joanna Bryson

Katarzyna Szymielewicz

Korvi Rakshand

Kotchakorn Voraakhom

Kristine McDivitt Tompkins

Leidy Cuestas Buitrago

Mariana Costa

Marianne Díaz Hernández

Marion Guillou

Martín Schaefer

Maurits Groen

Mehnaz Tabassum

Methawee Thatsanasateankit

Mikko Hyppönen

Miriam Reyes Oliva and Amélie Jézabel Mariage

Mr. Gary Bencheghib, Ms. Kelly Bencheghib, and Mr. Sam Bencheghib

Mr. Ved Krishna and Mr. KK Jhunjhunwala

Nicolás García Mayor

Nighat Dad

Nouran Farouk

Nzambi Matee

Ola Doudin

Olafur Eliasson

Omar Itani

Patrick Ouriaghli

Pete Ceglinski and Andrew Turto

Petra Wadström

Prof. Dr. Kazuhiko Takeuchi

Ralf Toenjes

Reshma Saujani

Ruth Álvarez‑DeGolia

Safeena Husain

Sairee Chahal

Sanga Moses

Satish Viswanathan

Sebastián Salinas

Selima Ahmad

Sheila Davis

Silvana Veinberg

Sonya Passi

Stephen Ritz

Tara Chklovski

Thorkil Sonne

Vera Cordeiro

Vera Cordeiro

Vincent Zimmer and Markus Kreßler, Christoph Staudt.

Walter Velásquez Godoy

Yetunde Ayo Oyalowo

Zita Cobb

About Frost & Sullivan Institute

The Frost & Sullivan Institute (FSI) is a non-profit organization dedicated to utilizing business practices to address global priorities. The genesis of the institute goes back to the vision of either creating or becoming part of a solution that addresses threats to humanity. The Institute has identified strategic imperatives for transformation and believes that we can truly accelerate innovation to zero. To learn more about FSI, visit www.frostandsullivaninstitute.org

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Media Contact:

Samyuktha P Nair
Email: Samyuktha.Nair@frost.com

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