Global economy stabilizes as fiscal room narrows, WEF says
World Economic Forum survey finds improving global outlook, but tighter fiscal space, geopolitical risks, AI investment uncertainty and living costs...
Expo 2020 DUBAI
Qatar launches platform to manage wealth fund domestic portfolio
Qatar’s new investment platform will manage the wealth fund’s domestic portfolio as Doha targets $60 billion in infrastructure and private...
Business
Geostrategy
Trump predicts Iran accord to be signed soon, Hormuz to open
Mediators voiced growing optimism that weeks of negotiations were nearing completion, while competing narratives from Washington and Tehran underscored lingering...
- Iran's Foreign Ministry spokesman Esmaeil Baqaei said a signing date had not yet been determined and indicated an accord would not be signed on Sunday.
- Pakistan Prime Minister Shehbaz Sharif said on X that the agreement was closer “than ever before” and expected to be finalised within 24 hours.
Geostrategy
Iran says draft accord to end the war could be signed within days
Iranian Foreign Minister Abbas Araghchi said the proposed framework would address issues including the U.S. naval blockade and the future...
- Araghchi said Tehran wanted any agreement to allow Iran to charge ships transiting the Strait of Hormuz for what he described as services provided during passage.
- Iran introduced a toll system during the conflict, a move the United States and several other countries have argued violates international law.
Business
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.
- It will carry substantially more cargo than conventional LNG carriers while reducing losses during transport.
- Compared with standard 174,000-cubic-metre LNG carriers, the new design offers around 57% more cargo capacity.
Geostrategy
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...
- World Bank is making up to $60 billion available immediately through existing instruments to support affected countries.
- More than 30 countries are working with the institution to strengthen preparedness and enable rapid crisis responses.
Business
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...
- Dow, S&P 500 and Nasdaq rose after President Donald Trump withdrew threats of military action against Iran.
- Palladium gained about 5% this week, outperforming other precious metals despite broader weakness across the sector.
Business
Miral, Warner Bros announce two new DC attractions for Yas Island
Dubai, UAE -- Miral and Warner Bros. Discovery Global Experiences have announced two new DC-themed attractions for Warner Bros. World...
- Kryptonite Collider opens in July with a centrifuge-style experience inspired by Lex Luthor's Everyman Project.
- Superman Up and Away, a next-generation flying roller coaster, is targeted for completion in 2028.
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.
Business
Gulf sovereign funds line up for landmark SpaceX listing
Saudi Arabia's Public Investment Fund and Kuwait Investment Authority have each submitted orders worth between $1 billion and $5 billion....
- The offering would value the company at about $1.75 trillion, making it the largest IPO ever and placing it among the world's most valuable listed companies.
- If the valuation is achieved, Musk's net worth could exceed $1 trillion, making him the world's first trillionaire. The company is expected to begin trading under the ticker SPCX.
Global economy stabilizes as fiscal room narrows, WEF says
World Economic Forum survey finds improving global outlook, but tighter fiscal space, geopolitical risks, AI investment uncertainty and living costs...
Expo 2020 DUBAI
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70% Saudization for project management jobs from February 2027
Saudi Arabia's Ministry of Human Resources and Social Development (HRSD), in partnership with the Ministry of Municipalities and Housing (MOMAH),...
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Meta tests AI-powered scam alerts on WhatsApp
Meta is testing an optional AI-powered scam alert feature on WhatsApp that warns users when conversations may involve fraud. The...
Geostrategy
SpaceX launches two Falcon 9 rockets 38 minutes apart
SpaceX launched two Falcon 9 rockets from opposite US coasts just 38 minutes apart on Saturday, setting a new launch...
Geostrategy
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Business
AD Ports posts 88 percent rise in second-quarter net profit
Dubai, UAE -- AD Ports Group reported a record quarterly performance for the second quarter of 2026, with net profit...
- Revenue rose 47 percent to AED7.08 billion ($1.93 billion), while EBITDA increased 49 percent to AED1.74 billion ($474 million).
- The group added 400 trucks during the quarter and increased rail service frequency with Etihad Rail.
Geostrategy
US warns of ‘never seen before’ sanctions against Iran as Hormuz impasse continues
US Treasury Secretary Scott Bessent said the sanctions "will be a combination of economic isolation like the world has never...
- The USS Abraham Lincoln has been deployed for nearly nine months, with US lawmakers demanding answers about conditions aboard the aircraft carrier.
- Israeli forces have continued bombing and destruction operations across southern Lebanon, according to Lebanon’s National News Agency.
Business
DEWA posts record H1 profit
Revenue reaches record $4.04 billion.
- DEWA’s first-half net profit rose 15.02 percent, supported by electricity, water and cooling demand, customer growth and operational performance.
- Clean energy accounted for 19.9 percent of power generated during the second quarter, as DEWA expanded renewable capacity.