PIF launches digital platform Tawrid for providing supply-chain financing
The Public Investment Fund (PIF) has announced the launch of Tawrid Company for Financing Solutions, an innovative digital platform providing...
Business
Mohamed bin Zayed Water Initiative, WEF sign water partnership
The Mohamed bin Zayed Water Initiative and the World Economic Forum have signed a partnership to accelerate water innovation and...
Business
Geostrategy
Trump says deal to end Iran conflict could be reached soon
Trump also told aides he would not resume all-out war with Iran unless Tehran killed U.S. troops, while U.S. Central...
- U.S. House passes symbolic resolution seeking to limit presidential authority for military action against Iran as negotiations remain stalled.
- Israel and Lebanon plan additional talks later this month after agreeing Lebanese forces will oversee designated security zones.
Business
G42 and Santander sign strategic AI partnership
Abu Dhabi, UAE -- Abu Dhabi-based technology group G42 and Spanish banking giant Santander have signed a memorandum of understanding...
- G42 subsidiaries Inception and Presight are expected to contribute agentic AI, cloud infrastructure and intelligent systems expertise.
- The partners said future agreements will require regulatory approvals and adherence to governance, transparency and data protection rules.
Geostrategy
UAE outpaces global peers in technology adaptation
Dubai, UAE -- Organizations in the United Arab Emirates are moving faster than their global counterparts to adapt technology strategies...
- Ninety percent of surveyed UAE organizations rank within the top two global resilience tiers, underscoring confidence in digital preparedness.
- Thirty-four percent identified AI transparency as a key concern, while 32% flagged intellectual property risks from open-source adoption.
Geostrategy
Oil climbs and equities diverge as progress on Middle East peace remains elusive
Iran's Revolutionary Guards Corps, meanwhile, said it had launched missile and drone attacks against the headquarters of the U.S. Fifth...
- Asian technology shares surged as semiconductor stocks advanced, helping investors look beyond geopolitical developments and oil volatility.
- U.S. Central Command said Iranian missiles targeting regional neighbours failed or were intercepted by allied air-defence systems.
Geostrategy
Israeli attacks on Lebanon continue amid new round of talks in US
The meeting in Washington follows U.S. President Donald Trump's announcement that he had received commitments from both sides aimed at...
- Lebanon's public university postponed examinations after an Israeli strike killed two students and their father in south Lebanon.
- MSC said a vessel was hit at Iraq's Umm Qasr port, with all crew members remaining unharmed.
Business
AD Ports Group acquires CLI
CLI is Brazilian agri-bulk terminal operator.
- Acquisition gives AD Ports access to Brazil's major grain and sugar export corridors through terminals at Santos and Itaqui.
- CLI handled 17 million tonnes of cargo in 2025, generating AED 654 million revenue and AED 360 million EBITDA.
Business
Dubai RTA digital revenue climbs 20.6 percent in 2025
Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) generated AED5.3 billion ($1.44 billion) in revenue through digital channels in...
- Digital channel adoption reached 96%, while customer happiness averaged 98% across services offered by the authority.
- Smart application users exceeded 1.2 million, with annual visits rising 144% compared with 2024 levels.
Business
$1.59bn Makkah project awarded
A consortium will develop two districts in the Holy City.
- The consortium includes Masar, Makkah Construction and Development, and AlRajhi United Real Estate as project partners.
- Development covers 1.15 million square meters through a private real estate investment fund structure.
Business
Middle East conflict drags global air travel demand lower
Revenue passenger kilometers (RPK), the industry's measure of demand, declined 3.4% year-on-year, while available seat kilometers (ASK), a measure of...
- Excluding the Middle East, passenger demand would have risen 1.2%, the International Air Transport Association (IATA) has said.
- April jet fuel costs more than doubled, prompting airlines to rebalance capacity amid changing travel patterns worldwide.
Economy
UAE GDP reaches $517 billion as economy grows 6.2 percent
Non-oil activities drove growth as construction, finance, real estate and transport sectors posted robust gains, underscoring diversification efforts and long-term...
- Trade remained the largest non-oil contributor, accounting for 16.9 percent of GDP, ahead of finance sectors.
- Officials highlighted investments in technology, innovation and digital economy initiatives as drivers of future readiness.
PIF launches digital platform Tawrid for providing supply-chain financing
The Public Investment Fund (PIF) has announced the launch of Tawrid Company for Financing Solutions, an innovative digital platform providing...
Business
Company News
Agthia profit, dividend jump
Business
Latest News
UAE, Qatar lead Global Telecom Health Index on market structure
Kearney’s 34-market study finds coordinated investment, strong customer satisfaction and financial performance helping the two Gulf markets outperform larger economies.
Business
Trump demands Iran pay compensation for 50 years of damages
Trump’s demand comes as Tehran links Hormuz’s reopening to war reparations and an end to sanctions, complicating ongoing Iran-Oman talks...
Geostrategy
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Geostrategy
UAE thwarts cyber attacks targeting energy, aviation sectors
Dubai, UAE -- The UAE Cybersecurity Council (CSC) has announced that the national cyber systems have successfully detected and thwarted...
- The Council affirmed that the attacks were dealt with proactively and immediately, with intrusion attempts contained before the attackers could achieve their objectives.
- The Council explained that the attacks involved multiple vectors and techniques, including attempts to breach systems and digital infrastructure, target accounts.
Economy
UAE hiring rebound gains momentum as talent flows recover, report says
The the UAE Economic Graph Report 2026 by LinkedIn and the Ministry of Foreign Trade says real estate led hiring...
- Real estate led sectoral hiring growth, while education, construction, healthcare and logistics also exceeded national hiring averages.
- Female representation in leadership rose to 21.9 percent in 2025, from 18.8 percent a decade earlier.
Geostrategy
Houthis resume Red Sea attacks as Trump says US relying on economic pressure
Trump said Iran is in “very bad shape” financially, citing high inflation and difficulty paying its own troops. He credited...
- Houthi forces launched drones and ballistic missiles at Mocha, targeting military positions, weapons depots, residential areas and civilian infrastructure.
- Tehran says Hormuz reopening depends on US compensation, sanctions relief, ending military threats and lifting the naval blockade.