UAE ranks first in MENA, sixth globally in AI-human skills readiness
Coursera’s new AI-Human Skills Synergy Index says AI course enrollments in the UAE increased 75% year over year, with AI...
Geostrategy
Trump says war will end ‘very soon’, reiterates Iran Tehran will not have nuclear weapon
Saudi Crown Prince Mohammed bin Salman and UAE Vice President Sheikh Mansour bin Zayed Al Nahyan discuss regional developments in...
Geostrategy
Global economy stabilizes as fiscal room narrows, WEF says
Expo 2020 DUBAI
Business
PIF launches company to develop coastal destination in Khafji
Saudi Arabia's Public Investment Fund (PIF) has launched Gulf Coast Development Co. to develop an integrated tourism and residential destination...
- The 20-square-kilometer development will feature eight neighborhoods, 16,000-plus housing units, 1,400 hotel rooms and marinas.
- First-phase construction, covering three neighborhoods, is scheduled for completion in 2030 as development unfolds in three phases.
Geostrategy
Houthi attacks on Saudi Arabian cities wounds dozens of civilians, including children
Major-General Turki al-Maliki, the spokesman for the Saudi-led coalition fighting in Yemen, said in a statement that the Houthi attacks...
- Iran has threatened to impose further restrictions around the Gulf and the Strait of Hormuz in response to US economic sanctions.
- Baghdad is seeking alternative oil routes, while Yemen’s war intensifies and Israel’s attacks in Lebanon add pressure across the region.
Opinion
Hidden liabilities behind major property deals
UAE property investors must look beyond certificates to uncover hidden fire-safety risks that could affect costs, valuations and returns, writes...
- Existing certificates may not reflect current building conditions, leaving buyers exposed to costly remediation, delays, and unplanned capital expenditure.
- Physical fire-safety inspections can identify defects, support negotiations, inform valuations, and strengthen protections before investors complete major property acquisitions.
Geostrategy
Tehran to announce new Hormuz shipping route in coming days
The announcement comes after Iran signed an agreement with Oman, as shipping traffic plunges, oil prices rise and regional governments...
- The temporary corridor would be 11.3km wide, with its entry and part of its exit through Iranian territorial waters.
- Hormuz traffic fell to a daily average of 10 commodity ships, while a Saudi tanker turned back Sunday.
Geostrategy
Vance rules out talks as Tehran warns of ‘multi-layered’ response to US attacks
US Treasury Secretary Scott Bessent said the European Union had officially joined Washington’s economic pressure campaign against Iran, which he...
- Tehran vows a layered response to US strikes, while its petroleum minister says exports continue despite Washington’s blockade.
- Seoul weighs military support for Hormuz navigation as European pressure grows and crude prices post sharp weekly gains.
Business
93% GCC frontline employees use AI weekly, BCG report finds
The report, titled “Strategy Matters More than Tools,” draws on data from the UAE, Saudi Arabia, Kuwait and Qatar and...
- 58 percent of frontline employees and 67 percent of managers save at least eight hours weekly using AI tools.
- Most GCC workers say AI has fundamentally changed the skills expected of them in their roles, the report found.
Geostrategy
Trump threatens further strikes as Iran vows new war strategy
US Central Command said Washington was continuing its blockade against Iran and had redirected 86 commercial vessels as of Thursday.
- Iran says 18 people were killed and 142 wounded in US attacks between August 30 and September 2, including women and children.
- Six commodity vessels crossed the Strait of Hormuz on Wednesday, less than half the current 10-day average of about 13 daily.
Analysis
Shein’s debut puts its valuation, and its growth story, to test
Shein’s weak debut is a telltale sign that limited share availability cannot disguise investor concerns over valuation and growth, says...
- Revenue growth has slowed sharply, while first-quarter sales barely moved, raising questions about whether Shein can sustain its expansion.
- European daily active users have fallen around 45 percent following changes to small-parcel duty exemptions, highlighting pressure on low-cost demand.
Geostrategy
Iran targets Jordan, Bahrain after US carries out second wave of strikes
Iranian military spokesman Colonel Ebrahim Zolfaghari said the attacks would continue until the United States “regrets its crimes”, warning that...
- IRGC says missiles targeted bases across Jordan and Iraq, while Bahrain intercepted drones as Jordan reported 13 missiles.
- Brent crude climbed one percent as Hormuz traffic stayed below average, intensifying concerns over energy supplies and inflation.
Business
Accenture, AWS sign six-year Middle East cloud, AI, data deal
Accenture has signed a six-year strategic collaboration agreement with Amazon Web Services (AWS) to help organizations across the Middle East...
- Accenture will deploy regional architects and delivery leads across migration, modernization, data, AI and enterprise platform initiatives.
- Industry programs will target energy, financial services and public sector organizations seeking faster digital transformation and AI adoption.
UAE ranks first in MENA, sixth globally in AI-human skills readiness
Coursera’s new AI-Human Skills Synergy Index says AI course enrollments in the UAE increased 75% year over year, with AI...
Geostrategy
Company News
Latest News
UAE tops Arab Digital Economy Index 2026
The UAE topped the Arab Digital Economy Index 2026, with the assessment highlighting regional gains in infrastructure, digital government and...
Business
Trump hails productive Iran talks as Tehran says conditions conveyed to US through Qatar
Iran seeks end to the war on all fronts, a halt to “acts of aggression”, an end to the naval...
Geostrategy
Maldives and Eagle Hills sign terms for $12 billion waterfront destination
The project, known as Maldives Waterfront and Marina, is planned as an integrated tourism and residential destination combining hotels and...
Business
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Expo 2020 DUBAI
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...
- Chief economists see resilience shifting from spending toward supply chains, technology and energy adaptation as fiscal support fades.
- AI adoption is expected to accelerate while data-centre expansion raise electricity and water prices and face community resistance.
Geostrategy
Sheikh Ahmed bin Rashid Al Maktoum passes away, 10-day mourning declared
His brother, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, mourned his death on social media, writing: “You...
- He was closely associated with Al Wasl Sports Club for decades and was part of a group of young men who helped establish the organization in a small house in Zabeel in 1960.
- He also served as Deputy Chairman of Dubai Police and Group Chairman of ARM Holding, a UAE-based private investment firm.
Business
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...
- Tawrid has obtained the Saudi Central Bank’s (SAMA) permit to operate under the regulatory “Sandbox” environment, Argaam reported.
- Tawrid has started operations and has already signed binding agreements with local banks and companies.