New wave: Sea power turned into energy at Los Angeles port
San Pedro, United States -- Floating blue paddles dance on the waves that lap a dock in the Port of Los...Technology Business Energy Science
Sharjah’s real estate sector records $1.49bn in transactions during May
Sharjah, UAE -- Sharjah's real-estate market during May 2025 recorded a total of 8,415 transactions worth AED 5.5 billion. Of...Of these, 1,574 were sales transactions, accounting for 18.7% of the total, a clear indicator of increasing demand for real estate.
Mortgage activity remained strong, with 381 mortgage transactions, representing 4.5% of all transactions and totaling more than AED1.1 billion in value.
A hospitality trailblazer talks resilience in a shifting global landscape
Duncan O’Rourke, CEO, Premium, Midscale, and Economy Division for Middle East, Africa and Asia Pacific at Accor, spells out the...The CEO stressed that Accor’s robust development pipeline and ambitious growth across Saudi will deliver 44 additional hotels by 2030.
Accor's lifestyle division, Ennismore, is now the world’s largest and most innovative lifestyle hospitality player in the industry.
ADNOC Gas announces $5 billion investment in Rich Gas Project
Abu Dhabi, UAE -- ADNOC Gas announced Tuesday it has made a final investment decision on the first phase of...UK-based firm Wood secured the largest tranche, valued at $2.8 billion, for work at the Habshan facility.
Petrofac will lead a $1.2 billion project for the Das Island facility, while Kent Plc will manage a $1.1 billion project covering the Asab and Buhasa sites.
IBM claims ‘real world’ edge in quantum computing race
San Francisco, United States -- Technology veteran IBM on Tuesday laid out a plan to have a "practical" quantum computer...Current quantum computers are still experimental and face significant challenges, including high error rates.
Companies like IBM, Google, and others are working to build more stable and scalable quantum systems.
Qualcomm to Alphawave for $2.4 bn
The deal makes Alphawave the latest tech company to depart London.Last week, UK fintech Wise, specializing in international money transfers, said it plans to shift its primary listing from London to New York.
For California-based Qualcomm, the acquisition will help boost its AI infrastructure amid soaring demand for the technology.
Leaders warn race for minerals could turn seabed into ‘wild west’
Growing anxiety over Trump's unilateral push to fast-track deep-sea mining in international waters shot to the surface at the opening...The number of countries opposed to seabed mining rose to 36 on Monday, according to a tally kept by the Deep Sea Conservation Coalition, an umbrella group of NGOs.
Trump was not among the roughly 60 heads of state and government in Nice but his specter loomed large as leaders defended the global multilateralism he has spurned.
MENA Mergers & Acquisitions deal value up 66% in Q1, hits $46 Billion
Dubai, UAE -- The Middle East and North Africa (MENA) region has kicked off 2025 with a record-breaking first quarter...According to Saudi M&A Consulting, this robust growth reflects rising investor confidence, favorable regulatory reforms, and strong macroeconomic fundamentals across the region.
Cross-border M&A accounted for 81 percent of total deal value and 52 percent of the total number of transactions, with 117 deals executed, the highest in the last five years.
US aerospace manufacturers insist they have no use for tariffs
New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...US aerospace and defense exports reached $135.9 billion in 2023, including $113.9 billion for civil aviation alone.
This allowed the sector to generate a trade surplus of $74.5 billion and to invest $34.5 billion in research and development.
Apple under pressure to shine after AI stumble
Apple will showcase plans for its coveted devices and the software powering them at its annual Worldwide Developers Conference (WWDC)...The event comes a year after the tech titan said a suite of AI features it dubbed "Apple Intelligence" was heading for iPhones, including an improvement of its Siri voice assistant
Industry insiders will be watching to see whether Apple addresses the AI stumble or focuses on less splashy announcements.
Gamers get hold of Nintendo’s hotly awaited Switch 2
Tokyo, Japan -- Gamers finally got their hands on Nintendo's new Switch 2 on Thursday, the console that could score...The device, which features a bigger screen and more processing power, is an upgrade to the Switch that became a global phenomenon with hit games such as "Animal Crossing".
The original Switch has sold 152 million units since its 2017 release, making it the third-best-selling console ever.
