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
Saudi Arabia’s East-West pipeline shutdown puts 4% of global oil supplies at risk
Oman, meanwhile, postpones meeting with Gulf states and Iran on possible Strait of Hormuz agreements, Foreign Minister Badr Albusaidi said,...
Geostrategy
Business
UAE launches first 7-year Islamic Treasury Sukuk worth $150 million
Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
- The new tranche attracted strong demand amounting to approximately 3.1 billion dirhams, nearly six times the issuance size.
- Total bids reached 5.88 billion dirhams, representing an oversubscription ratio of 5.3 times.
Geostrategy
No option but to continue resistance, says Hezbollah after deadly Israeli strikes
Mahmud Qamati, a Hezbollah official, described the strike in the Bekaa Valley as “a new massacre and a new aggression”...
- Lebanon’s health ministry reported 12 people killed — 10 in the east and two in the south — while Hezbollah confirmed eight of the dead were its members.
- Israel has continued strikes in Lebanon despite a November 2024 ceasefire intended to end more than a year of cross-border hostilities.
Geostrategy
US–Iran tensions escalate toward war as Gulf military buildup and Israeli preparations intensify
Indirect talks in Geneva have yielded what officials call “guiding principles” for a possible agreement, but the framework remains skeletal...
- Israel is intensifying emergency preparedness across its healthcare system, armed forces and civilian infrastructure as tensions with Iran escalate
- Prime Minister Benjamin Netanyahu issued a blunt warning to Tehran, saying any attack would draw an “unimaginable” response
Geostrategy
Trump signals second carrier deployment as US-Iran prepare to resume talks
In interviews with Israeli media, Trump warned of consequences if negotiations fail. “Either we reach a deal or we'll have...
- In interviews with Israeli media, Trump warned of consequences if negotiations fail. “Either we reach a deal or we'll have to do something very tough.”
- ranian President Masoud Pezeshkian has said Tehran will demand the lifting of financial sanctions and uphold its nuclear rights, including enrichment
Opinion
Embed AI in workflows so deep that it becomes invisible: Matt Cloke
Becoming AI-native starts with a shift in mindset. To harness its full potential, we need to see AI not as...
- To truly unlock AI’s potential, organizations need to modernize from within.
- Becoming AI-native demands more than innovation; it calls for a cultural shift where people, processes, and platforms work in harmony.
Geostrategy
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...
- Media speculation has focused on Iran’s stockpile of around 400 kilograms of enriched uranium, with reports suggesting Washington has sought its transfer to a third country
- Eslami said Iran continues to engage with International Atomic Energy Agency under existing safeguards agreements, including discussions related to nuclear facilities
Geostrategy
Iran says US talks in Oman a ‘good beginning’ as fears of military confrontation grow
The discussions took place in Muscat, with the US delegation led by special envoy Steve Witkoff and the Iranian side...
- Oman said its foreign minister held separate meetings with Araghchi, Witkoff and US President Donald Trump’s son-in-law and emissary Jared Kushner
- According to a statement, the “consultations focused on preparing the appropriate conditions for resuming diplomatic and technical negotiations.”
Economy
The great tech reset: How the gulf turned sovereign capital into a tech ecosystem
The GCC has quickly moved from passive capital allocation into active ecosystem building, spurred on by heavy sovereign capital and...
- Heavy bets on cloud, AI infrastructure, and data centers are reshaping the region’s tech base
- The UAE and Saudi Arabia are fast closing the infrastructure gap with global tech leaders
Economy
Governments must put creativity at the center of economic strategy: Report
Titled Creative Futures: The Springboard for Sustained Economic Growth and Diversification, the report argues that cultural and creative industries —...
- The report finds that every dollar invested in creative industries generates approximately $2.50 in broader economic activity across sectors such as tourism and urban services.
- It warns that countries slow to act risk becoming importers of creative content rather than exporters shaping global cultural markets.
Business
Qadi partners with Core42 to power sovereign AI compliance platform
Qadi, the Middle East’s first sovereign regulatory compliance platform, has partnered with Core42, a G42 company, to power its artificial...
- Qadi’s AI agents automate regulatory compliance by translating local laws into workflows embedded directly within enterprise operations.
- Core42’s sovereign cloud ensures sensitive legal data remains protected under UAE jurisdictional controls and enterprise-grade governance frameworks.
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
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Projectile hits cargo vessel in Hormuz as Trump renews warning to Iran
Trump said negotiations with Iran were underway despite Tehran's denials and described the current moment as a "last chance before...
Geostrategy
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Business
Emirates NBD to acquire retail banking business of HSBC Egypt
Dubai, UAE -- Emirates NBD Egypt S.A.E., a 100 percent owned subsidiary of Emirates NBD Bank has entered into definitive...
- Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio along with the associated branch and ATM network, customer base and relevant employee base.
- The transaction is expected to enhance Emirates NBD Egypt's market positioning as a leading retail and premium banking franchise in Egypt.
Geostrategy
Trump says fresh negotiations with Iran to begin after calling off strikes
Trump said his decision was shaped by appeals from Gulf allies, particularly Saudi Arabia, Qatar and the United Arab Emirates,...
- Oil prices tumbled as war fears eased, while shipping disruptions persisted around Hormuz.
- Meanwhile, Israeli strikes killed at least 18 Palestinians in Gaza since Friday despite Trump's Board of Peace announcements.
Business
Aldar records $408 million sales from Yas Point residential launch
Dubai, UAE -- Aldar said it generated AED1.5 billion ($408 million) in sales from the launch of The Canopies, the...
- First-time Aldar buyers accounted for 84 percent of customers, with UAE nationals representing 40 percent of total sales.
- Expatriate residents and overseas buyers contributed 60 percent of sales, while 47 percent of buyers were under 45.