OpenAI limits release of new model after US government request
Dubai, UAE -- ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...
Business
Nasdaq Dubai lists $500 million Arab Energy Fund sukuk
Dubai, UAE -- Nasdaq Dubai has listed a $500 million sukuk issued by The Arab Energy Fund (TAEF), adding to...
Business
Geostrategy
Israeli strikes on Lebanon kill dozens
The strikes hit multiple areas, including parts of Beirut, with emergency teams struggling to reach casualties amid heavy congestion. The...
- Israel said the strikes targeted members of Hezbollah in what it described as a “surprise” attack.
- The escalation came hours after a ceasefire was announced between Israel, Iran and the United States.
Business
Masdar, TotalEnergies $2.2bn venture to push renewable energy growth in Asia
Dubai, UAE -- Masdar and TotalEnergies have signed a binding agreement to establish a $2.2 billion 50/50 joint venture aimed...
- As electricity demand accelerates across Asia, this partnership brings together capital and expertise to deliver renewable
- The JV will have a portfolio capacity of 3 GW of operational assets and 6 GW
Opinion
Geopolitics, risk aversion and crypto: Why this time may be different
Bitcoin has already endured five consecutive months of declines since reaching an all-time high of $126,500 in October 2025. February...
- The Crypto Fear and Greed Index recently fell to record lows, highlighting just how fragile investor confidence had become even before geopolitical tensions intensified.
- Progress around the proposed CLARITY Act in the United States could mark a structural milestone for the industry.
Geostrategy
Iran offers US new proposal to reopen Strait of Hormuz, end war: report
Iran has conveyed a fresh proposal to the United States through Pakistani intermediaries, seeking an agreement to reopen the Strait...
- The development follows remarks by US President Donald Trump on Sunday suggesting Iran could directly approach Washington
- He also expressed confidence that the war would conclude soon and that Washington would emerge stronger from the conflict
Business
National Bonds reports record 2025 results as funds exceed $4.9 billion
National Bonds said it posted its strongest annual performance in two decades, with bondholders’ funds surpassing $4.9 billion in 2025....
- The company has distributed more than $1.09 billion in profits and rewards since inception.
- National Bonds said it has helped create 232 millionaires through disciplined savings programs.
Geostrategy
Countdown begins for NASA’s historic Moon mission
If successful, Artemis II will carry four astronauts on a lunar flyby, testing critical systems needed for future missions that...
- The launch window opens April 1 at 6:24 pm local time, with backup opportunities available through April 6.
- The crew — including three Americans and one Canadian — is in quarantine ahead of the mission, which will mark several historic firsts.
AD Ports records $564 million 2025 net profit
The company said revenue grew 20 percent year-on-year to $5.65 billion, while net profit increased 16 percent, supported by strong...
- The company said its customer base grew by nearly 20 percent in 2025, while spending by its top 10 customers rose around 40 percent.
- AD Ports also said it would raise about $1.25 billion through an asset monetization programme.
Business
UAE real estate gains momentum on strong 2025 base as Mar sales surge
Dubai, UAE -- The UAE’s real estate sector extended its upward trajectory in March, with robust project launches, steady construction...
- Dubai records landmark AED422 million apartment sale as luxury segment demand accelerates further.
- Abu Dhabi sees rapid sell-outs, with AED6 billion in Yas Island project sales within 72 hours.
Geostrategy
Millions join ‘No Kings’ protests across US
More than 3,000 rallies were held across all 50 states, with participation estimates ranging from several million to as many...
- The protests, organized under a decentralized movement opposing what demonstrators describe as authoritarian governance, also drew support in more than a dozen countries.
- The scale of the protests signals renewed momentum among critics of Trump and could have implications for upcoming elections, analysts say.
Business
Emaar Development to pay $1.1 billion dividend
The dividend represents 100 percent of its share capital. The company reported record property sales of approximately $19.4 billion in...
- EBITDA increased 52 percent to roughly $3.9 billion, with net profit before tax reaching $4.2 billion.
- The developer highlighted a revenue backlog of approximately $34.1 billion supporting future growth visibility.
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
OpenAI limits release of new model after US government request
Dubai, UAE -- ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...
Business
Company News
Latest News
Gold extends winning streak as oil and dollar weaken
The U.S. Dollar Index fell to 99.53, giving back part of the gains it had recently recorded on safe-haven demand....
Business
Iranian tankers leave blockade zone as US-Iran deal moves toward signing
Iranian crude exports resumed ahead of a planned US-Iran signing ceremony, even as disputes over Lebanon, shipping rules and implementation...
Geostrategy
Oil prices fall to lowest levels since March on Hormuz opening expactations
Questions over shipping fees, sanctions relief and regional security persisted even as negotiators prepared for a formal signing ceremony in...
Geostrategy
Most Read
Business
Etihad enters largest summer season with more than 300 daily flights
Dubai, UAE -- Etihad Airways is entering its largest summer season on record, operating more than 300 flights a day...
- Airline launched four new destinations in four days and is restoring five seasonal routes across Europe and Africa.
- Fleet has expanded by 23 aircraft year-on-year, supporting near-record passenger loads approaching 90% occupancy levels.
Geostrategy
Vance says Hormuz reopening details pending as Israel vows to stay in seized territories
Fresh questions emerged over implementation of the US-Iran agreement as negotiators grappled with security guarantees, territorial disputes and unresolved nuclear...
- The MoU calls for an immediate and permanent end to military operations on all fronts, including Lebanon.
- Israeli Defense Minister Israel Katz warned Tehran against retaliation and threatened further military action if attacked.
Economy
Saudi Arabia’s inflation rises to 1.8 percent in May on higher rents
Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...
- The cost-of-living index increased to 105.3 points in May from 103.5 points a year earlier.
- GASTAT said the rise was driven primarily by a 3.7% year-on-year increase in housing, water, electricity, gas and other fuels, reflecting a 4.7% rise in rents.