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Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

WEF24: AI-generated drugs promise cost reduction

AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says...

WEF24: AI needs to unite public and private sector

There is a need to align AI goals between public and private sectors to balance cost reduction with job creation...
  • There is a need to align AI goals between public and private sectors to balance cost reduction with job creation and enhancement, Dr. Arturo Bris of IMD tells TRENDS.
  • He criticizes European AI regulations for favoring corporate interests, and highlights the UAE, Singapore, Switzerland, the UK, the US, and China as AI development leaders.

WEF24: GCC poised for growth amid global challenges

The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of...
  • The region is on a growth track due to modernization, education, and broad integration with global economies, Joshua Friedman of Canyon Partners tells TRENDS.
  • Friedman highlights global economic complacency, stressing the importance of addressing sovereign debt and corporate borrowing, while noting a few bright spots.

WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.
  • Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS.
  • Proactive approach in building reference architectures and industry-specific AI use cases positions TCS as a leader in designing tomorrow's technology, he adds.

WEF24: The story of Africa is being reclaimed

Africa is moving away from stereotypes of poverty and incapacity to a narrative of ability and competitiveness, Sithembile Ntombela maNdaba,...
  • The CEO highlights the importance of forging unity and strengthening "strategic initiatives" like the African Union and the African Free Trade Continental Area
  • While playing up the success of sectors like agriculture, mining, and tourism, she said the country was moving towards science and technology, and the green economy

WEF24: GenAI poised to revolutionize energy sector

The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in...
  • The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in the energy transition, Dr. Atul Arya of S&P's Global tells TRENDS.
  • Rising energy demand, with a focus on renewables, faces hurdles from high rates and inflation, while GenAI offers transformative potential in data analysis and climate modeling.

WEF24: Corruption puts institutions, growth at risk

Despite existing laws, global corruption has not decreased due to lack of enforcement and judicial independence, Francois Valerian of Transparency...
  • Despite existing laws, global corruption has not decreased due to lack of enforcement and judicial independence, Francois Valerian of Transparency International tells TRENDS.
  • Corruption, a global economic issue, involves cross-border reinvestment of stolen funds, necessitating stronger, independent judicial systems to enforce anti-graft laws, he adds.

WEF24: Geopolitical upheaval to affect global economy

Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of...
  • Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of Hermitage Capital.
  • Economic outlook remain tough with inflation-growth conflict as US stays stable, Europe stagnant, and China slowing, spotlighting on central banks' strategies, he adds.

WEF24: AI becomes a catalyst in education equality

ASI & AI Tutor is collaborating with the UAE Ministry of Education to democratize learning with AI tutors, its 20-year-old...
  • ASI & AI Tutor is collaborating with the UAE Ministry of Education to democratize learning with AI tutors, its 20-year-old CEO Quddus Pativada tells TRENDS.
  • Expanding its user base across Africa, Europe, and North America, the company plans to extend beyond the UAE, while developing tools to aid teachers, he adds.

WEF24: AI stays at forefront of energy revolution

There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco...
  • There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.
  • AI revolutionizes energy production, including water desalination, spearheading the irreversible shift towards renewable sources and green molecules, Arcelli adds.

WEF24: Managing risks crucial amid AI advancements

AI can revolutionize work and productivity, but balanced regulation is crucial to prevent misuse, Stephen Pagliuca of Bain Capital tells...
  • AI can revolutionize work and productivity, but balanced regulation is crucial to prevent misuse, Stephen Pagliuca of Bain Capital tells TRENDS at Davos 2024.
  • Pagliuca highlights the US, South America, and Africa as markets with unique potential and delves into the growing sports industry as an investment prospect.

Liberal media and rifts between Biden-Harris teams cost Dems 2024 election

Party insiders cite a damaging rift between Biden and Harris teams as a major factor in the Democrats' 2024 defeat....

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Latest News

WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.

WEF24: The story of Africa is being reclaimed

Africa is moving away from stereotypes of poverty and incapacity to a narrative of ability and competitiveness, Sithembile Ntombela maNdaba,...

WEF24: GenAI poised to revolutionize energy sector

The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in...

Most Read

WEF24: Geopolitical upheaval to affect global economy

Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of...
  • Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of Hermitage Capital.
  • Economic outlook remain tough with inflation-growth conflict as US stays stable, Europe stagnant, and China slowing, spotlighting on central banks' strategies, he adds.

WEF24: AI becomes a catalyst in education equality

ASI & AI Tutor is collaborating with the UAE Ministry of Education to democratize learning with AI tutors, its 20-year-old...
  • ASI & AI Tutor is collaborating with the UAE Ministry of Education to democratize learning with AI tutors, its 20-year-old CEO Quddus Pativada tells TRENDS.
  • Expanding its user base across Africa, Europe, and North America, the company plans to extend beyond the UAE, while developing tools to aid teachers, he adds.

WEF24: AI stays at forefront of energy revolution

There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco...
  • There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.
  • AI revolutionizes energy production, including water desalination, spearheading the irreversible shift towards renewable sources and green molecules, Arcelli adds.