60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of...Business
Jordan sees decrease in number of tourists over Gaza war
Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...Business Economy
60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of...A recent report by Tourism Economics on behalf of Arabian Travel Market says 21 percent using it before their most recent trip.
The research also confirmed that travel firms are harnessing AI to enhance customer service and drive economic impact.
Globalization must be inclusive, not extractive. Multinationals can lead by example
We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains....While globalization has driven global trade, imbalances threaten its future legitimacy
Multinational corporations should champion localization strategies that prioritize wealth equity
IHC H1 net profit $2.94 billion
The company posted 31% increase in revenue.The second quarter of 2025 delivered one of the Group’s strongest quarterly performances, with revenue rising 22.5 percent year-on-year to AED27.5 billion.
Revenue growth was supported by solid contributions from core operating segments, it said.
Neo Space Group launches Saudi Arabia’s first earth observation marketplace
Riyadh, Saudi Arabia -- Neo Space Group (NSG), a Public Investment Fund (PIF) company, has announced the launch of the...NSG stated that the EO Marketplace will bring together a growing network of EO data providers and value-added service providers offering advanced geospatial analytics
The platform is built to empower public sector agencies, Saudi companies, and international users by offering a wide range of high-resolution satellite imagery
Tesla approves $29 bn in shares to Musk as court case rumbles on
Washington, United States -- Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting...The award comes as Tesla challenges a Delaware court ruling that struck down a 2018 package of about $55.8 billion.
The move comes amid a fierce battle for top engineering talent as companies like Google and Meta compete for leadership on artificial intelligence.
Jordan sees decrease in number of tourists over Gaza war
Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...According to figures from the Petra tourism authority carried by official media, 32 hotels have had to shut down and nearly 700 people have lost their jobs.
Petra, famous for its stunning temples hewn from rose-pink cliff faces, is a UN World Heritage site.
24 Dubai real-estate projects worth $1.22bn completed in H1
Dubai, UAE -- The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5...This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate.
Dubai’s real estate market registered 90,337 new real estate units during the first half of the year.
Alpha Dhabi H1 profit $1.79bn
Adjusted EBITDA rises to $2.36bn.The group’s financial position remains robust, with total assets of AED198.4 billion and equity of AED98.1 billion.
This quarter, Alpha Dhabi Holding and four of its portfolio companies featured in the Forbes Top 100 Listed Companies in the Middle East 2025.
Borouge Q2 net profit $193m
The H1 revenue stood at $2.72 billion.Adjusted EBITDA for the second quarter was $440 million.
The company has proposed an increased minimum interim dividend of 8.1 fils per share for H1.
Saudi Arabia’s real GDP up by 3.9 percent in Q2 2025: GASTAT
Riyadh, Saudi Arabia -- Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9 percent in the second quarter of...Flash estimates of GDP for Q2 say non-oil activities recorded the highest growth at 4.7 percent.
The estimates, released by GASTAT, said oil activities grew by 3.8 percent and government activities at 0.6 percent.
