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
Summer Davos: WEF urges scaling innovation into growth and jobs
Dubai, UAE -- Global political and business leaders called for faster adoption of emerging technologies and closer international cooperation to...
Geostrategy
Business
Global experts and cybersecurity leaders convene in Dubai to inform future-ready solutions
The World Economic Forum will convene more than 500 experts from government, business, academia, international organizations, civil society and media,...
- Amid geopolitical shifts and technological transformation, this year’s meetings will provide space to navigate uncertainty, decode emerging trends and strengthen resilience
- Sessions will enable participants to identify systemic solutions, drive cybersecurity collaboration and understanding across industries, and foster the multisectoral partnerships
Business
UAE solidifies AI ambition at Expand North Star by GITEX GLOBAL
Dubai, UAE – Expand North Star by GITEX GLOBAL is underway in the UAE as the world’s largest startup and...
- The 2025 edition connects over 2,000 of the world’s most disruptive startups with 1,200 international investors managing US$1.1 trillion in assets.
- Reflecting the government’s ambition to foster innovation and attract global talent, the initiative aims to generate 30,000 new jobs by 2030.
Economy
Abu Dhabi GDP grows 3.8% to $83.40bn in Q2 as non-oil sectors hit record
The non-oil economy expanded 6.6 percent year-on-year to AED174.1 billion — the highest quarterly value on record — and accounted...
- Manufacturing remained the largest non-oil contributor at AED30.1 billion, accounting for 9.8 percent of total GDP.
- Finance and insurance activities expanded 10.3 percent to a record AED21.8 billion, reinforcing Abu Dhabi’s position as a regional and global financial center.
Business
Aldar ups stake in Aldar Estates
Acquires Modon Holding’s 17.45% stake
- Aldar Estates has become the region’s largest integrated real estate services company with over AED3 billion worth of active contracts.
- The platform manages more than 155,000 residential units, which is a 15 percent increase in the past two years.
Geostrategy
India again refuse handshake with Pakistan in Asia Cup
Dubai, United Arab Emirates -- India skipper Suryakumar Yadav again refused to shake hands with Pakistan's Salman Agha as he...
- India angered Pakistan with a 'no handshake' stance in their previous meeting at the same venue in Dubai.
- It was the first cricketing clash between the rival nations since a four-day cross-border conflict in May left more than 70 people dead.
Geostrategy
UAE Council warns 98% of cyberattacks rely on social engineering
Abu Dhabi, UAE -- The UAE Cyber Security Council has cautioned that social engineering remains the most common tool used...
- The Council’s Cyber Pulse campaign is raising awareness about the risks of social engineering and urging the public to verify sources before sharing personal data.
- The council recommended monitoring official alerts and keeping up to date with cybersecurity guidance to remain protected.
Science
UNGA80: World leaders to discuss framework for inclusive, accountable AI governanc
As there is no recognised body to govern AI on a global level, world leaders will gather in New York...
- The UN says Artificial AI has been rapidly transforming the world including everything from self-driving cars to the analysis of medical images
- However, it notes that the benefits of AI are unevenly distributed, and many countries struggle to access the tools which could transform their societies by supporting development
Science
MBZUAI, G42 launch K2 Think: Leading open-source system for advanced AI reasoning
Abu Dhabi, UAE -- The Institute of Foundation Models at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and G42...
- K2 Think embodies a new approach to building smarter, more efficient AI, as with just 32 billion parameters, it outperforms flagship reasoning models that are 20X larger.
- This breakthrough in parameter efficiency makes K2 Think a powerful alternative for advanced reasoning, redefining what is possible with compact architectures
Business
EGA H1 revenue $4.11bn
Net profit before GAC $445 million.
- The company's primary hot metal production remained steady at 1.34 million tons.
- EGA sold 1.37 million tons of cast metal to over 400 customers in more than 50 countries, up from 1.31 million tons in H1 2024.
Science
NYU Abu Dhabi team develops wireless pill to control gut neurons
Abu Dhabi, UAE -- Researchers at NYU Abu Dhabi (NYUAD) have developed an ingestible device that uses light to activate...
- The technology was created by Khalil Ramadi, Assistant Professor of Bioengineering at NYU Abu Dhabi and NYU Tandon, and his team.
- The capsule works without a battery, receiving power wirelessly through magnetic induction from an external transmitter.
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
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
Company News
flynas to set up new hub
Business
Latest News
China’s LNG ambitions take shape
The 344-meters-long QC-Max vessel, being built by Hudong-Zhonghua Shipbuilding, is designed for a major Qatari LNG expansion project.
Business
Middle East conflict slows global growth outlook, World Bank says
Most economies saw forecasts downgraded as rising energy costs, inflation and borrowing expenses create fresh challenges for growth and development...
Geostrategy
Gold heads for weekly loss as Wall Street gains on easing Iran tensions
Dubai, UAE -- Gold prices fell on Friday and were headed for a weekly loss, while major U.S. stock indexes...
Business
Most Read
Geostrategy
Trump halts Iran attack plans as talks gain momentum, keeps naval blockade intact
Speaking at an Oval Office event, Trump said Washington had achieved a "great settlement" and expressed confidence that an agreement...
- Iran says negotiations have advanced but warns inconsistencies in US positions continue to complicate the process.
- Iran has insisted that any broader settlement should also address fighting between Israel and Hezbollah in Lebanon, a condition that appears unlikely to be accepted by Israel.
Business
AI success in life sciences depends on people as much as technology: Bain
Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows,...
- Organizations achieving the strongest AI outcomes prioritize a handful of enterprise-wide initiatives rather than dispersing resources across numerous experiments.
- Workforce adoption remains the biggest challenge, prompting successful companies to invest heavily in change management, skills development and leadership engagement.
Geostrategy
UAE, EU push stronger humanitarian supply chains
Dubai, UAE -- The UAE, the European Union and humanitarian organizations met in Brussels on Thursday to discuss strengthening global...
- More than 80 representatives from governments, UN agencies, NGOs and logistics specialists examined practical measures to improve humanitarian preparedness and coordination.
- Discussions highlighted the growing UAE-EU partnership, including shared humanitarian hubs, emergency stockpiles and efforts to build a global safety net for crisis response.