Seoul, South Korea -- South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next...
Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.
The company posted a net profit of $692m.The company's Board of Directors approved the $217 million (approx. 5 fils per share) second quarterly dividend for 2025.
The dividends are expected to be paid in the second half of August 2025 to all shareholders of record as of 8th August 2025.
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this...The facility marked its busiest first half on record with a 2.3 percent YoY growth, Dubai Airports said in a statement, "despite temporary airspace disruptions in May and June."
During the 12-day Iran-Israel war, airlines cancelled flights to many Middle East destinations as some governments closed their airspace.
Riyadh, Saudi Arabia -- Portuguese forward Joao Felix has signed a two-year deal with Saudi Arabia's Al Nassr, where he...Felix, now 25, made a blockbuster move from Benfica to Atletico Madrid in 2019, but has since seen his fortunes decline.
"I'm here to spread joy. Let's win together," said Felix in a video posted on the club's X account. A separate post said he had signed until 2027.
- Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...
The company's reach spans the global economy, with banks, hospitals, the US government, and the Israeli military among its ever-expanding client roster
"We want and need this country to be the strongest, most important country in the world," Alex Karp, Palantir's CEO, recently declared at a client conference in Palo Alto
Dubai, UAE -- Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South...The total number of active registered companies reached 7,700, up from 6,153 in H1 2024 - a 25 percent year-on-year increase.
The number of professionals working in DIFC rose to 47,901, marking a significant 9 percent increase from 43,787 a year earlier.
- Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by...
"The commission has preliminary concerns that foreign subsidies granted by the UAE could distort the EU internal market," a statement by the bloc's executive arm said.
Plastics maker Covestro accepted a bid -- valuing the company at 12 billion euros ($14 billion) -- from the Abu Dhabi National Oil Company in October.
- Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...
Doreen Bogdan-Martin, head of the UN's International Telecommunications Union (ITU), said regulation was key as concerns rise over fast-moving technology.
Bogdan-Martin, the first woman to serve as ITU secretary-general in the organization's nearly 160-year history, also stressed the need to get more women into the digital space.
- Q2 net profit fell by 18% to $637 million.
Revenues also declined in the second quarter by 14 percent year-on-year to 18.8 billion euros, the company said in a statement.
The oil giant also confirmed its production target of 1.7 million barrels of oil a day for the current year, despite a three percent decline in the second quarter.
- Total income rose by 12 percent in the same period.
Lending increased by AED41 billion, or 8 percent, during the first half of 2025, fueled by very strong demand both in the UAE and across its growing international network.
Operating profit grew 9 percent as the strong loan and deposit growth momentum easily absorbed earlier interest rate cuts.
