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...
Business
Business
AI, robotics, energy systems, sensor networks: Four technologies driving the future of work
The report, Jobs of Tomorrow: Technology and the Future of the World's Largest Workforces, developed by the WEF's Global Future Council on...
- Realizing the vast opportunities while minimizing risks will require targeted investment, improved technology access in developing markets and inclusive platform design
- Applications already making an impact include drone-enabled agricultural harvesting, AI-powered logistics support for small businesses and micro-energy systems
Business
Global experts and cybersecurity leaders convene in Dubai to inform future-ready solutions
The World Economic Forum will convene more than 500 experts from government, business, academia, international organizations, civil society and media,...
- Amid geopolitical shifts and technological transformation, this year’s meetings will provide space to navigate uncertainty, decode emerging trends and strengthen resilience
- Sessions will enable participants to identify systemic solutions, drive cybersecurity collaboration and understanding across industries, and foster the multisectoral partnerships
Business
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...
- The 2025 edition connects over 2,000 of the world’s most disruptive startups with 1,200 international investors managing US$1.1 trillion in assets.
- Reflecting the government’s ambition to foster innovation and attract global talent, the initiative aims to generate 30,000 new jobs by 2030.
Economy
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...
- Manufacturing remained the largest non-oil contributor at AED30.1 billion, accounting for 9.8 percent of total GDP.
- Finance and insurance activities expanded 10.3 percent to a record AED21.8 billion, reinforcing Abu Dhabi’s position as a regional and global financial center.
Business
Aldar ups stake in Aldar Estates
Acquires Modon Holding’s 17.45% stake
- Aldar Estates has become the region’s largest integrated real estate services company with over AED3 billion worth of active contracts.
- The platform manages more than 155,000 residential units, which is a 15 percent increase in the past two years.
Geostrategy
India again refuse handshake with Pakistan in Asia Cup
Dubai, United Arab Emirates -- India skipper Suryakumar Yadav again refused to shake hands with Pakistan's Salman Agha as he...
- India angered Pakistan with a 'no handshake' stance in their previous meeting at the same venue in Dubai.
- It was the first cricketing clash between the rival nations since a four-day cross-border conflict in May left more than 70 people dead.
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
Business
EGA H1 revenue $4.11bn
Net profit before GAC $445 million.
- The company's primary hot metal production remained steady at 1.34 million tons.
- EGA sold 1.37 million tons of cast metal to over 400 customers in more than 50 countries, up from 1.31 million tons in H1 2024.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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...
Business
Company News
Israeli strikes on Lebanon kill dozens
Geostrategy
Latest News
Masdar, TotalEnergies $2.2bn venture to push renewable energy growth in Asia
Dubai, UAE -- Masdar and TotalEnergies have signed a binding agreement to establish a $2.2 billion 50/50 joint venture aimed...
Business
Geopolitics, risk aversion and crypto: Why this time may be different
Bitcoin has already endured five consecutive months of declines since reaching an all-time high of $126,500 in October 2025. February...
Opinion
Iran offers US new proposal to reopen Strait of Hormuz, end war: report
Iran has conveyed a fresh proposal to the United States through Pakistani intermediaries, seeking an agreement to reopen the Strait...
Geostrategy
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Geostrategy
Countdown begins for NASA’s historic Moon mission
If successful, Artemis II will carry four astronauts on a lunar flyby, testing critical systems needed for future missions that...
- The launch window opens April 1 at 6:24 pm local time, with backup opportunities available through April 6.
- The crew — including three Americans and one Canadian — is in quarantine ahead of the mission, which will mark several historic firsts.
AD Ports records $564 million 2025 net profit
The company said revenue grew 20 percent year-on-year to $5.65 billion, while net profit increased 16 percent, supported by strong...
- The company said its customer base grew by nearly 20 percent in 2025, while spending by its top 10 customers rose around 40 percent.
- AD Ports also said it would raise about $1.25 billion through an asset monetization programme.
Business
UAE real estate gains momentum on strong 2025 base as Mar sales surge
Dubai, UAE -- The UAE’s real estate sector extended its upward trajectory in March, with robust project launches, steady construction...
- Dubai records landmark AED422 million apartment sale as luxury segment demand accelerates further.
- Abu Dhabi sees rapid sell-outs, with AED6 billion in Yas Island project sales within 72 hours.