Iran signals potential dilution of highly enriched uranium if sanctions are lifted
Iran and the US resumed indirect nuclear talks on Monday in Muscat under Omani mediation, marking the first round of...
Geostrategy
G42 launches ‘digital embassies’ model to help governments deploy sovereign AI
Abu Dhabi-based artificial intelligence group G42 on Tuesday launched what it calls a Digital Embassies framework and an operating model...
Geostrategy
Business
Dubai International Chamber attracts 31 MNCs to Dubai in H1
Dubai, UAE -- Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced...
- It attracted 143 companies to Dubai during H1 2025, representing a 138 percent increase compared to the 60 companies attracted in H1 2024.
- A total of 112 small and medium-sized enterprises (SMEs) were attracted during H1 2025.
Business
ADNOC Gas signs LNG deal
Will supply 0.5mmtpa of LNG to India's HPCL.
- The LNG will be supplied from ADNOC Gas’ Das Island liquefaction facility, which has a production capacity of 6 mmtpa.
- As the world's third longest-operating LNG plant, Das Island has shipped over 3,500 LNG cargoes worldwide since starting operations.
Business
Emirates NBD H1 profit $3.40bn
Total income rose by 12 percent in the same period.
- Lending increased by AED41 billion, or 8 percent, during the first half of 2025, fueled by very strong demand both in the UAE and across its growing international network.
- Operating profit grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts.
Opinion
Media’s Role in the Age of Algorithms
In a world where 5 billion people are active on social media, our digital voices shape culture, foster belonging, and...
- Whether you are a content creator, a journalist, or strategist, your online voice contributes to the values we transmit and the legacy we leave behind.
- You are not following trends but shaping the emotional and intellectual tone of your generation.
Geostrategy
Aldar nets $953m in sales at Fahid
Aldar said 42 percent of the buyers are under the age of 45.
- Nearly 42 percent of buyers are under the age of 45, signaling growing demand for luxury wellness-focused living among younger demographics.
- Notably, 67 percent of buyers are first-time Aldar customers, demonstrating Aldar’s expansive reach and the appeal of the Group’s thoughtfully curated destinations.
Business
Saudi EXIM Bank signs MoU with Credit Oman to boost bilateral exports
Copenhagen, Denmark -- The Saudi Export-Import Bank (Saudi EXIM) participated as a sponsor of the TXF Global 2025 conference held...
- Saudi EXIM participated as a sponsor of the TXF Global 2025 conference held in Copenhagen, Denmark, from June 10 to 12.
- Saudi EXIM Bank is a reliable partner in the global trade ecosystem, said CEO Eng. Saad bin Abdulaziz AlKhalb.
Geostrategy
Saudi, Egypt, UAE drive strategic moves across sectors and borders
Saudi Arabia records the lowest Hajj attendance in three decades—outside the pandemic years—triggered by tighter visa restrictions; Special Envoy Zhai...
- Saudi Arabia marked World Environment Day 2025. The Kingdom hosted global leaders to spotlight land restoration and desertification.
- The UAE’s EDGE Group landed a $2.45 billion deal with Kuwait to supply offshore patrol vessels.
Economy
Chief Economists warn global growth under strain from trade policy shocks and AI disruption
The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility fuel...
- The report reveals that 79% of surveyed economists view the current geoeconomic developments as signs of a significant structural shift for economy than a temporary disruption
- Nearly all the chief economists (97%) place trade policy among the areas of highest uncertainty, followed by monetary policy (49%) and fiscal policy (35%)
Business
PureHealth posts $137m Q1 net profit
The Group's revenue increased 8 percent YoY.
- EBITDA grew 5 percent year-on-year to AED 1.1 billion and net profit grew 3 percent year-on-year to AED505 million in Q1-2025.
- haista Asif, Group Chief Executive Officer at PureHealth, commented, “PureHealth’s first quarter results reflect the solid growth witnessed across all core segments."
Business
Borouge Q1 net profit $281 million
The total dividend paid to shareholders in 2024 $1.3bn.
- Q1 2025 operational performance remained strong, with production volumes rising 7 percent year-on-year in the first quarter of 2025.
- Revenue in Q1 2025 grew 9 percent year-on-year to $1.42 billion, driven by higher average selling prices and increased sales volumes.
Most Read
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Iran signals potential dilution of highly enriched uranium if sanctions are lifted
Iran and the US resumed indirect nuclear talks on Monday in Muscat under Omani mediation, marking the first round of...
Geostrategy
Company News
Latest News
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...
Business
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...
Economy
Most Read
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