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Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.
  • Spotify, Netflix sign deal to stream video podcasts

    Stockholm, Sweden -- Music and video streaming giants Spotify and Netflix have penned a deal to bring several video podcasts...

    Spotify also said that it was planning "to bring similar opportunities" to a wider range of podcasters in the future.

    Spotify first began offering non-music audio and video content on its service in 2015.

  • 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

  • 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

  • OpenAI announces Broadcom deal as spending spree continues

    OpenAI, the company behind ChatGPT, announced Monday it is teaming up with chip giant Broadcom to design and build its...

    The partnership is the latest in a series of recent announcements by OpenAI as it seeks to strengthen its position as the preeminent company of the generative AI revolution

    The partnership, which the companies said would launch next year, would provide 10 gigawatts in computing power, requiring roughly the energy needed to power a major city

  • 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.

  • Abu Dhabi awards contract for mega solar project

    Dubai, United Arab Emirates -- Abu Dhabi, the capital of leading oil producer the United Arab Emirates, said Friday it...

    The 1.5-gigawatt Khazna Solar PV plant, expected to have nearly three million solar panels, will avert more than 2.4 million tons of carbon emissions per year,

    Engie and Emirati renewable-energy company Masdar won the contract to build the plant and sell EWEC the electricity.

  • Silver price hits decades high as gold rush eases

    Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...

    The price of silver topped $50 an ounce for the first time since 1993 in the wake of sister safe-haven gold soaring to record highs.

    The metal hit $50.1900, while gold retreated after hitting a record above $4,000 an ounce on Wednesday.

  • Gold tops $4,000 for first time on political, economic worries

    US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...

    Parts of the US government began to close last week after Democrats and President Donald Trump failed to break a deadlock over spending.

    Tech firms led selling in Asia, with Alibaba and JD.com down in Hong Kong, chip-maker TSMC dropping in Taipei and Renesas sharply lower in Tokyo.

  • Multiply Group buys stake in ISEM

    Multiply Group will hold 60.8% of ISEM.

    Peninsula Capital and minority investors will own the remaining 39.2 percent.

    The deal represents an expansion into packaging by Multiply Group, establishing the Group’s fifth consumer-focused vertical.

  • GITEX25: G42 to host fireside chat with OpenAI CEO Sam Altman

    Abu Dhabi, UAE – G42, the Abu Dhabi-based technology group, Wednesday announced its participation at GITEX Global 2025 with the...

    The G42 District will serve as a one-stop destination for government officials, business leaders, and visitors to explore how AI is being operationalized across sectors.

    It will feature G42’s full portfolio of companies - including Core42, Khazna, M42, Presight, CPX, Inception, Space42, AIQ, AstraTech and Analog.