Renewed sense of renaissance for humanity in the digital economy
Like the Internet revolution before it, AI and the new digital economy are overwhelmingly positive forces for change, Laurent Ross...
Economy
FAB delivers strong results in 2024 with profit before tax of AED 19.9 billion, up 13% yoy
First Abu Dhabi Bank (FAB) has achieved solid results in 2024 with Group net profit reaching AED 17.1 billion, up...
Wheels in motion for investors as two Gulf carriers plan 2025 IPOs
UAE's Etihad Airways and Saudi Arabia's Flynas are preparing to listing on local stock markets, the first IPO by Gulf...
- Etihad Airways to expand its destination network to over 125 airports by 2030, up from the current 90
- Flynas plans to grow its fleet to more than 160 aircraft by 2030 from a current 60+
DeepSeek sparks AI stock selloff
Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia....
- Chipmaker Nvidia lost S$593 billion of its market value
- Japan's SoftBank Group finished down 8.3 percent
Hong Kong’s property distress hurting banks
Distressed property sales in Hong Kong are beginning to bite banks with average prices of office buildings, shopping malls and...
- Nearly 40 percent of the US$4.36 bn in Hong Kong commercial real estate transactions in 2024 suffered losses
- Rising office vacancies and softening rents threaten the quality of US$80 billion in commercial real estate loans at five major banks
Closing the women’s health gap a boon for the global economy
Closing the women’s health gap is a US$1 trillion opportunity to improve lives and economies, the WEF and McKinsey Health Institute...
- Closing the women’s health gap could yield 75 million disability-adjusted life years annually
- No single database comprehensively tracks the use and distribution of medications or medication quality
Billionaires on the rise globally- Oxfam Davos report
In its latest annual inequality report, “Takers Not Makers”, Oxfam explores how most billionaire wealth is taken, not earned. At least five...
- At least five trillionaires are now expected within a decade
- In 2024, the number of billionaires rose to 2,769, up from 2,565 in 2023
US$1.5 billion Amazon protection plan launched in Davos
A carbon markets investor backed by Swiss-trading house Mercuria said on Wednesday it had joined with two non-profits to raise...
- The Amazon closer to the point where it becomes a net emitter of carbon emissions
- EU's 27-nation bloc will stick to the landmark Paris climate accord
Software solutions that minimize cost overruns, delays in construction
Project management software solutions have emerged as essential tools to streamline construction operations, enhance efficiency, and improve project delivery. They...
- The construction project management software solutions market reched US$17 billion in 2024
- Leveraging digital tools can lead to 10-20 percent savings on overall project costs
Step into the future of sustainable smart city development
Pavegen, a global kinetic energy company, unveiled its innovative “Solar+” tile in Dubai. This tile harnesses the power of movement,...
- Pavegen tiles have harnessed the power of over 1 billion footsteps in smart cities
- The company aims to bring the price down to sub US$1,000 per sqm in the future
Is AI front and center in the future of Aviation?
AI will play a key role in aviation but aircraft manufacturing troubles are casting darker shadows over profitability post-COVID-19. The...
- AI can involve itself in modeling new airplane designs against different operational scenarios
- Travel recovery is well established after COVID, but there’s no uniform line of growth across the industry
Pre-Covid travel industry arrival figures are back but venture capital is experiencing delays
The global tourism industry has turned the clock back to 2019 before COVID created a massive hole in worldwide passenger...
- UN Tourism tracked 1.3 billion global arrivals, up from 975 million a year earlier, near 2019 figures of 1.475 billion
- Greenfield FDI in tourism was under the US$11 billion mark in 2023 below the US$59bn recorded in 2019
Renewed sense of renaissance for humanity in the digital economy
Like the Internet revolution before it, AI and the new digital economy are overwhelmingly positive forces for change, Laurent Ross...
Economy
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Latest News
Asian markets advance after Wall St gains, US Postal Service U-turn
Asian markets rose Thursday, tracking gains on Wall Street and following the US Postal Service's U-turn on a ban on...
Dubai airport clocks record 92.3 million passengers
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic...
Morgan Stanley sees upswing in MENA M&A deal volumes and values
After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...
Most Read
FED keeps interest rates unchanged
The Federal Reserve kept interest rates at the current target range of 4.25 percent to 4.50 percent after its January meeting, according...
- Inflation is still deemed ‘somewhat elevated’
- The euro fell to 1.04 against the US dollar following announcement
Wheels in motion for investors as two Gulf carriers plan 2025 IPOs
UAE's Etihad Airways and Saudi Arabia's Flynas are preparing to listing on local stock markets, the first IPO by Gulf...
- Etihad Airways to expand its destination network to over 125 airports by 2030, up from the current 90
- Flynas plans to grow its fleet to more than 160 aircraft by 2030 from a current 60+
DeepSeek sparks AI stock selloff
Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia....
- Chipmaker Nvidia lost S$593 billion of its market value
- Japan's SoftBank Group finished down 8.3 percent