TECOM shareholders approve $229 million cash dividend for 2025
Dubai, UAE - TECOM Group PJSC shareholders approved the financial statements for the year ended 31st December 2025 and endorsed...
Business
UAE consolidates its position as global hub for cross-border e-commerce
ABU DHABI, UAE -- The United Arab Emirates has consolidated its position as one of the world’s leading global and...
Business
Business
Anthropic’s Claude AI gets smarter — and mischievious
San Francisco, United States -- Anthropic launched its latest Claude generative artificial intelligence (GenAI) models on Thursday, claiming to set...
- "Claude Opus 4 is our most powerful model yet, and the best coding model in the world," Anthropic chief executive Dario Amodei said.
- Opus 4 and Sonnet 4 were described as "hybrid" models capable of quick responses as well as more thoughtful results that take a little time to get things right.
Geostrategy
Antonio Guterres denounces ‘cruelest phase’ of Gaza conflict
"For nearly 80 days, Israel blocked the entry of life-saving international aid," Guterres said. "The entire population of Gaza is...
- "The Israeli military offensive is intensifying with atrocious levels of death and destruction.
- "Today, 80 percent of Gaza has been either designated an Israeli-militarized zone or an area where people have been ordered to leave."
Business
Trump threatens Apple with a 25% tariff if iPhones aren’t made in US
Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...
- Trump's sweeping tariffs on major US trading partners have roiled global markets and upended international commerce.
- Trump's comments Friday echo statements he made last week while on a trip to Qatar, urging Apple to bring iPhone production to US shores.
Business
TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...
- The inaugural TOURISE 2025 event will take place in Riyadh from November 11-13, bringing together public and private sector leaders, experts, and investors.
- Nominations will be accepted via an online portal, with winners announced at a dedicated ceremony during the platform.
Business
Trump administration refocuses US-China chip war on AI and Huawei
Beijing, China -- The United States has taken aim at China's Huawei over the cutting-edge chips powering artificial intelligence (AI),...
- The Trump administration is seeking to change the ways the US limits China's access to state-of-the-art semiconductors needed to develop AI.
- Chinese firms like Alibaba and Xiaomi have announced huge investments in AI in what experts say feeds into a national goal to cut reliance on foreign suppliers.
Geostrategy
Global anti-malware crackdown leads to 20 arrest warrants, Europol says
Authorities took down more than 300 servers worldwide, neutralized 650 domains and seized 3.5 million euros ($3.9 million) in cryptocurrency,...
- The software taken down, known as "initial access malware", is used "for initial infection, helping cybercriminals to enter victims' systems unnoticed.
- In total, "3.5 million euros in cryptocurrency" were seized, the agencies added, bringing the total amount of cryptocurrency seized during Endgame to 21.2 million euros.
Business
Xiaomi launches new advanced in-house mobile chip
Beijing, China -- Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the...
- With the XRING O1, it becomes only the second smartphone brand globally after Apple to mass produce its own 3-nanometre chips, among the most advanced on the market.
- Xiaomi took early steps into semiconductors for smartphones with the launch of the firm's first in-house chip, the Surge S1, in 2017.
Business
May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn
Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the...
- The total bids received reached AED 6.93 billion ($1.88bn), reflecting an oversubscription rate of 6.3 times.
- The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99 percent for the May 2027 tranche and 4.06 percent for the May 2030 tranche
Business
Ads pressured to evolve as AI changes Google search
San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...
- The internet giant is dabbling with ads in its new AI Mode for online search, a strategic move to fend off competition from ChatGPT.
- A new AI Mode enables conversational interaction with Google during search queries, providing answers in diverse formats, such as video, audio or graphs.
Business
Turkey says increasing energy exports to war-torn Syria
Damascus, Syria -- Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports...
- Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure and economy after almost 14 years of civil war.
- The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
TECOM shareholders approve $229 million cash dividend for 2025
Dubai, UAE - TECOM Group PJSC shareholders approved the financial statements for the year ended 31st December 2025 and endorsed...
Business
Company News
OpenAI faces backlash over Pentagon AI deal
Geostrategy
Latest News
Iran’s protests: What we know
Geostrategy
Leftist Mamdani takes over as New York mayor under Trump shadow
Zohran Mamdani, the young upstart of the US left, was sworn in Thursday to take over as New York mayor...
Geostrategy
US, Qatar, Turkey to join third day of Gaza peace talks in Egypt
Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, Turkey's intelligence chief Ibrahim Kalin, Trump's special Middle East envoy Steve...
Geostrategy
60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of...
Business
Most Read
Arts & Culture
Tourist coins pose giant problem at N. Ireland’s famous causeway site
Bushmills, United Kingdom -- Northern Ireland's Giant Causeway draws close to one million visitors a year but their habit of...
- Tourists' habit of wedging tiny coins in cracks between the rocks -- to bring love or luck -- is damaging the world-famous wonder.
- Some 40,000 columns mark the causeway, Northern Ireland's first UNESCO World Heritage Site.
Geostrategy
AI needs to be smaller, reduce energy footprint: UNESCO study
Paris, France -- The potential of artificial intelligence is immense -- but its equally vast energy consumption needs curbing, with...
- OpenAI CEO Sam Altman recently said that each request sent to ChatGPT consumes on average 0.34 Wh of electricity, which is 10-70 times a Google search.
- UNESCO calculated that AI energy demand is doubling every 100 days as generative AI tools become embedded in everyday life.
Economy
World Bank announces Lebanon, Syria reconstruction projects
Beirut, Lebanon -- The World Bank announced on Wednesday it had approved $250 million to support Lebanon's post-war reconstruction and...
- Lebanon is reeling from last year's devastating war between Israel and Iran-backed Hezbollah, while Syria faces massive needs after the fall of Bashar al-Assad regime.
- The grant comes after Saudi Arabia and Qatar said they would pay off Syria's World Bank debt, and as the country's new rulers press reconstruction efforts.