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Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Asia markets mixed as investors assess China inflation data

Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reported China’s consumer price index climbed...

Collaboration crucial for renewable energy transition

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and...
  • The UAE is actively supporting global efforts to mitigate the effects of climate change at both regional and international levels
  • World peace, security and stability hinge on addressing climate issues and investing in clean and renewable energy sources

Israel-Hamas conflict intensifies as Hizbollah joins in

World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...
  • World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of a "long and difficult" battle against Hamas.
  • Lebanon's Hizbollah attacks from the north, supporting Hamas, while Israel strikes 426 Hamas locations, including tunnels and infrastructure, intensifying the conflict

Hundreds killed in deadliest Palestine-Israel conflict

World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation...
  • World calls for restraint as Palestinian death toll reaches 232 and Israeli casualties cross 200, prompting a vow of retaliation from Israeli Prime Minister Benjamin Netanyahu
  • The UNSC plans an emergency session as Biden backs Israel, while Israel's "Swords of Iron" operation persists and Hamas launches a comprehensive attack, evading Iron Dome

GCC FTA, tech MoU enhance Pakistan-Saudi relations

In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic...
  • In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.
  • The GCC and Pakistan signed a historic Free Trade Agreement and MoU, deepening bilateral relations between the two nations from trade to digital transformation and defense

Digital quality adds shine to life in Arab countries

The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech...
  • The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech advancements. Saudi Arabia secures second position.
  • Qatar, Bahrain, Oman, and Kuwait rank among the top five in digital prowess, emphasizing that digitalization enhances citizens' quality of life in the Gulf region.

At $75bn, Saudi defense budget beats several European countries in 2022

Last year, Saudi Arabia led the Middle East in military investments, ranking fifth globally with a defense budget of $75...
  • Qatar's military expenditure reaches $15.4 billion, ranking close to the Netherlands
  • The United States remains the global leader with $877 billion in military spending

Foreign direct investment crucial for economic growth

At this year's technology summit in the United States, which spotlights economic diversification through the strategic use of energy-generated wealth,...
  • Qatar's Ahmad bin Mohammed Al Sayed underscores the pivotal role of foreign direct investment in economic diversification and job creation
  • The summit gathers global leaders to address key challenges in economic diversification and the impact of technology on rural populations

Saudi real estate sector builds on vision beyond oil

TRENDS digs into Saudi Arabia's booming real estate sector and ambitious projects to find how they offers investors lucrative, long-term,...

Norms may make it easy to navigate ethical maze of AI

While speaking at the International Government Communication Forum in Sharjah, he emphasized that it's essential to regulate technology and overall...
  • In a world where technology dominates daily life, the need for digital transformation to empower various sectors is undeniable
  • It's essential to regulate technology and overall policies to ensure cybersecurity and ethical AI use, highlights a top UAE official

Middle East sets global standards in renewable energy

This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green...
  • This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green hydrogen, catalyzing a global clean energy shift
  • By 2030, solar energy is expected to make up 15 percent of the Middle East's power mix, while new wind projects in Oman, Egypt, and Saudi Arabia will generate local jobs

Chinese EV company Xpeng shares up 6% post mass-market car launch

Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting...

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Investment Facilitation for Development pact finalized at Abu Dhabi WTO meet

Abu Dhabi, UAE -- Ministers representing 123 World Trade Organisation (WTO) members have finalized the Investment Facilitation for Development (IFD)...

QGIRCO 2023 loss $439m

Loss attributed to revaluation of investment properties.

‘Innovative startups key to national prosperity’

"Investing in youth, inspiring ideas, and transforming them into creative projects is a cornerstone for facing global challenges in many...

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WEF24: Innovation and diversification drive UAE growth

The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin...
  • The UAE's proactive approach is helping it in shaping a dynamic and prosperous future, says UAE's Economy Minister Abdullah bin Touq Al Marri.
  • Al Marri emphasizes the critical role of collaboration and visionary leadership in steering through the complexities of today's fast-paced world.

AI-Operated robots assist visitors to the Grand Mosque in Makkah

Makkah, Saudi Arabia -- The Presidency of Religious Affairs at the Grand Mosque and the Prophet's Mosque has deployed AI-operated...
  • The robots provide information and guidance on a variety of topics, including how to perform the Hajj and Umrah rituals, Islamic rulings and fatwas.
  • They also provide directions to different locations within the mosque, and translations in multiple languages.

UCC Holding signs contracts for seven Kazakhstan projects

Doha, Qatar -- UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan. The first...
  • The first contract with QazaqGas includes two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA.
  • The second contract includes the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region.