Iran sets seven conditions for talks as Turkey pushes proposals
“Tehran's message is clear and unambiguous; if Washington wants to escape the quagmire it has created for itself and avoid...
Geostrategy
GISEC 2026 opens with focus on AI threats, cyber resilience
Global cybersecurity experts converged in Dubai as GISEC 2026 opened, warning that AI is reshaping both cyberattacks and national defense...
Geostrategy
The generational digital divide is fading among UAE investors, eToro finds
76% of younger investors and 75% of older investors have acted on a recommendation by an AI engine
- Younger investors favour future-facing sectors and mature investors are more likely to support industries that are well established in the UAE
- Both groups share the same top three investing goals: to achieve financial independence, to supplement income, and to provide long-term security
Geostrategy
Pentagon raises Iran war cost to $29 billion
The Pentagon on Tuesday revised the estimated cost of the war on Iran to nearly $29 billion, roughly $4 billion...
- The updated estimate emerged during back-to-back hearings on the Pentagon’s nearly $1.45 trillion budget request for the upcoming fiscal year
- Pentagon comptroller Jay Hurst clarified that the new figure does not include the cost of repairing U.S. military facilities damaged in Iranian missile and drone attacks
Opinion
Five fundraising lessons for founders building outside the mainstream
Niche businesses often need to help investors understand the category before they can evaluate the company. Founders should explain the...
- In a market where an app can be built quickly, investors need to understand what cannot be easily replicated.
- Niche businesses often need to help investors understand the category before they can evaluate the company.
Geostrategy
Artificial intelligence rapidly reshaping cybersecurity: WEF
The AI and Cyber: Empowering Defenders report, developed in collaboration with KPMG, highlights measurable gains in cost reduction, response speed...
- Some 94% of cyber leaders identify AI as a defining force and 77% of organisations already use it in their cyber operations.
- The report emphasises that AI’s value in cybersecurity lies in augmenting human expertise, accelerating decisions and strengthening resilience.
Business
Mubadala, Tubacex operationalise TBX Nexxia platform in Abu Dhabi
Mubadala Investment Company and Tubacex Group have announced the full operational launch of their joint venture in Abu Dhabi, activating...
- The Abu Dhabi facility strengthens regional energy supply chains by localising high-performance tubular manufacturing and reducing dependence on overseas processing centres
- ADNOC anchors the project as cornerstone client, securing long-term CRA tubular supply for critical gas extraction and production operations
Business
2PointZero posts profit surge
Growth driven by merger consolidation.
- Revenue jumps to $2.7 billion as mergers and acquisitions drive expansion across multiple sectors and geographies.
- During the quarter, the company acquired a 60.8% stake in ISEM Packaging Group for $192 million.
Geostrategy
Trump claims war powers law doesn’t apply as Iran hostilities ‘terminated’
US President Donald Trump has told Congress that he does not need authorisation for military action against Iran, arguing that...
- Trump argued that there had “been no exchange of fire between United States Forces and Iran since April 7,” and that hostilities “have terminated.
- Hours later, Trump appeared to contradict his position, stating: “You know we’re in a war,” adding, “Because I think you would agree we cannot let lunatics have a nuclear weapon'
Geostrategy
Khamenei signals Iran control over Strait of Hormuz, rejects US role
Iran’s supreme leader Ayatollah Mojtaba Khamenei has issued a strong statement asserting that the United States should have no role...
- The statement, released on Iran’s National Day of the Persian Gulf, also reaffirmed Iran’s determination to retain its nuclear capabilities
- “By the will and power of God, the bright future of the Persian Gulf region will be a future without America,” the statement said
Geostrategy
Pentagon puts Iran war cost at $25 Bn; Hegseth clashes with lawmakers
The Pentagon has estimated that the ongoing Iran war has cost the United States $25 billion and claimed 14 American...
- Testifying before the House Armed Services Committee, Hegseth sharply criticised lawmakers from both parties who questioned the conflict
- “The biggest challenge, the biggest adversary we face at this point are the reckless, feckless and defeatist words of congressional Democrats and some Republicans.”
Business
TECOM profit climbs
High occupancy across assets boosts earnings.
- TECOM lifted recurring profit as occupancy, rental rates and cost discipline strengthened margins.
- Commercial and industrial portfolios remained nearly full, supporting resilient cash flow and customer retention.
Iran sets seven conditions for talks as Turkey pushes proposals
“Tehran's message is clear and unambiguous; if Washington wants to escape the quagmire it has created for itself and avoid...
Geostrategy
Company News
2PointZero reports strong H1
Business
Borouge profit climbs 23%
Business
Latest News
TECOM profit up 9%
Business
DAE H1 profit $229m
Business
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...
Geostrategy
World Governments Summit, WTTC launch tourism partnership
The World Governments Summit Organisation and the World Travel & Tourism Council have launched a strategic partnership to advance global...
Business
‘Correct your behavior’: Iran sets six conditions for reopening Strait Hormuz
Tehran says it wants to move beyond the current state of “neither war nor peace”, while Oman hosts efforts to...
Geostrategy
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Business
ADNOC L&S to expand fleet
It will acquire 11 carriers for $1.3bn.
- Acquisition includes nine vessels entering service this quarter, with two Chinese-built gas carriers scheduled for fourth-quarter delivery.
- The company said the acquisition would provide near-term operational and earnings potential while increasing the scale, flexibility and resilience of its shipping platform.
Business
Empower profit climbs 16%
Dubai district cooling demand lifts earnings
- First-half revenue rose 4.5 percent as EBITDA increased 7.5 percent, supported by growing district cooling demand across Dubai developments.
- Empower added 61 contracts, lifting contracted capacity above two million refrigeration tonnes as connected buildings increased to 1,796.
Geostrategy
Saudi, Turkey, Pakistan forge defence pact as regional tensions deepen
The agreement comes as Gulf states seek closer defence coordination following months of conflict with Iran that disrupted shipping through...
- Houthi attacks, Strait of Hormuz tensions and stalled Lebanon talks underscore widening regional security risks despite diplomatic efforts.
- US President Donald Trump said he believed the war with Iran would end soon.