US and Iran agree to halt strikes, pursue technical talks: Official
AFP quoted an American official as saying that the technical talks are slated to continue on all areas of the...
Geostrategy
Iran claims retaliation against US as Hezbollah protests Israel-Lebanon agreement
Tehran warned of broader retaliation if attacked again as Washington defended its military action, while unrest spread to Beirut after...
Geostrategy
Business
ADNOC-led partnership targets $30 billion infrastructure investments
The partnership will raise a combination of equity and debt capital to target an investment portfolio that aims to generate...
- Partnership will target diversified infrastructure assets across energy, transportation, logistics, digital networks, water systems and waste management sectors.
- Investors said accelerating urbanisation and digitisation trends are strengthening long-term infrastructure demand across GCC and Central Asian markets.
Geostrategy
Seizure of vessel anchored near UAE coast close to Hormuz raises Gulf tensions
The incident came hours after India condemned an attack on an Indian-flagged vessel off Oman’s coast, calling continued assaults on...
- Malaysia warned Iranian-linked “shadow fleet” oil transfers near its waters exploited maritime loopholes across major Asian shipping corridors.
- Iran staged a mass World Cup departure rally in Tehran despite continuing uncertainty surrounding travel and participation in the United States.
The generational digital divide is fading among UAE investors, eToro finds
76% of younger investors and 75% of older investors have acted on a recommendation by an AI engine
- Younger investors favour future-facing sectors and mature investors are more likely to support industries that are well established in the UAE
- Both groups share the same top three investing goals: to achieve financial independence, to supplement income, and to provide long-term security
Geostrategy
Pentagon raises Iran war cost to $29 billion
The Pentagon on Tuesday revised the estimated cost of the war on Iran to nearly $29 billion, roughly $4 billion...
- The updated estimate emerged during back-to-back hearings on the Pentagon’s nearly $1.45 trillion budget request for the upcoming fiscal year
- Pentagon comptroller Jay Hurst clarified that the new figure does not include the cost of repairing U.S. military facilities damaged in Iranian missile and drone attacks
Opinion
Five fundraising lessons for founders building outside the mainstream
Niche businesses often need to help investors understand the category before they can evaluate the company. Founders should explain the...
- In a market where an app can be built quickly, investors need to understand what cannot be easily replicated.
- Niche businesses often need to help investors understand the category before they can evaluate the company.
Geostrategy
Artificial intelligence rapidly reshaping cybersecurity: WEF
The AI and Cyber: Empowering Defenders report, developed in collaboration with KPMG, highlights measurable gains in cost reduction, response speed...
- Some 94% of cyber leaders identify AI as a defining force and 77% of organisations already use it in their cyber operations.
- The report emphasises that AI’s value in cybersecurity lies in augmenting human expertise, accelerating decisions and strengthening resilience.
Business
Mubadala, Tubacex operationalise TBX Nexxia platform in Abu Dhabi
Mubadala Investment Company and Tubacex Group have announced the full operational launch of their joint venture in Abu Dhabi, activating...
- The Abu Dhabi facility strengthens regional energy supply chains by localising high-performance tubular manufacturing and reducing dependence on overseas processing centres
- ADNOC anchors the project as cornerstone client, securing long-term CRA tubular supply for critical gas extraction and production operations
Business
2PointZero posts profit surge
Growth driven by merger consolidation.
- Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
- During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.
Geostrategy
Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’
US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
- Trump argued that there had “been no exchange of fire between United States Forces and Iran since April 7,” and that hostilities “have terminated.
- Hours later, Trump appeared to contradict his position, stating: “You know we’re in a war,” adding, “Because I think you would agree we cannot let lunatics have a nuclear weapon'
Geostrategy
Khamenei signals Iran control over Strait of Hormuz, rejects US role
Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
- The statement, released on Iran’s National Day of the Persian Gulf, also reaffirmed Iran’s determination to retain its nuclear capabilities
- “By the will and power of God, the bright future of the Persian Gulf region will be a future without America,” the statement said
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
US and Iran agree to halt strikes, pursue technical talks: Official
AFP quoted an American official as saying that the technical talks are slated to continue on all areas of the...
Geostrategy
Company News
Latest News
Vance rebukes Israeli critics of Trump-Iran deal, says US remains Israel’s only ally
Vance said that if he were serving in Israel's cabinet, he would not be "attacking the only powerful ally that...
Geostrategy
Middle East conflict exposes hydrogen supply risks: IEA
Dubai, UAE -- The conflict in the Middle East has disrupted production and trade in hydrogen-based products, exposing vulnerabilities in...
Geostrategy
US, Iran technical negotiations face delay after Vance postpones Switzerland visit
"The logistics of these negotiations have never been simple or predictable. As of now the Vice President is not departing...
Geostrategy
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Geostrategy
Trump, Iran president sign framework accord to end conflict, launch nuclear talks
The accord, signed electronically by both leaders, is intended to serve as a framework for a broader settlement rather than...
- Pakistan Prime Minister Shehbaz Sharif said his country, supported by Qatar, would host a ceremony in Switzerland on Friday to launch technical-level discussions.
- The framework extends the existing ceasefire by 60 days, creating a window for negotiations on a permanent settlement and Iran's nuclear activities.
Business
Abu Dhabi climbs global startup rankings on AI and tech growth
The emirate was ranked in the #41-50 category globally, improving from the #51-60 range a year earlier and marking one...
- The report highlighted the role of Hub71 in supporting founders and technology companies as Abu Dhabi seeks to strengthen its position as a global innovation hub.
- The report, unveiled at the VivaTech conference in Paris, analyzed data from more than 5.5 million companies across over 350 entrepreneurial ecosystems worldwide.
Geostrategy
US-Iran framework centers on investment fund, sanctions waiver and nuclear talks
At the center of the memorandum of understanding is a proposed $300 billion private investment vehicle, known as the Reconstruction...
- Reuters reports a private $300 billion investment vehicle would activate only after a final settlement is reached.
- Trump says sanctions relief is not immediate and warns military action could resume if negotiations fail.