First foreign firm takes ownership of Saudi football club
The Harburg Group -- led by American Ben Harburg -- said it had "officially completed the 100 percent acquisition of...Business Sports
Dubai real estate transactions exceed $117.34 billion in first half of 2025
The number of new investors in the market reached 59,075, with investments totaling $42.74 billion, a 22 percent increase in...Business
Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion
San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...The order comes one month after an Air India Boeing 787 crashed shortly after takeoff, killing a total of 260 people on the plane and on the ground.
Boeing delivered 150 commercial aircraft in the second quarter, its highest number of deliveries in that quarter since 2018.
Global markets rise as Trump weighs future of Fed boss
US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.
Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.
TSMC Q2 profit up 60%
TSMC is the world's largest contract maker of chips.The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.
Coca-Cola agrees to use real cane sugar in its US production
Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
"I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform
ADNOC shifts OMV stake to XRG
XRG is ADNOC's wholly-owned international investment company.This transfer, which is subject to regulatory approvals, is aligned with ADNOC’s strategy to consolidate its international growth investments under XRG.
ADNOC is also progressing with preparation for the proposed establishment of Borouge Group International, which is set to be a top-four global polyolefins producer.
China’s Baidu to deploy driverless cars on Uber
Beijing, China -- Chinese internet giant Baidu plans to launch its driverless cars on ride-hailing app Uber in Asia and...Uber users in these locations may have the option of choosing to ride in a fully driverless Apollo Go car after they request a trip.
Driverless taxis are already on the roads with limited capacity in China, most notably in the central city of Wuhan.
Saudi leads MENA in VC funding for H1, surpassing 2024’s full-year total
Riyadh, Saudi Arabia -- Saudi Arabia retained the top spot across the Middle East and North Africa region in terms of...Saudi Arabia's H1 VC share is 56 percent of the total capital deployed in the region.
The report also revealed that Saudi Arabia achieved a record number of 114 VC deals for the first half of 2025.
SIB H1 net profit $189m
The bank's total assets increased by $1.49 billion.
Salini awarded $600m contract for 400 retail units in Diriyah Square
Riyadh, Saudi Arabia -- Diriyah Company has announced the award of a major new $600 million (SAR2.249 billion) contract for...Diriyah Square is located at the heart of Diriyah, the City of Earth, within the unique Najdi-inspired architectural Diriyah Masterplan.
It is designed to develop a vibrant retail district featuring a mix of 400 iconic retail, leisure, and dining brands.
Low-cost carrier Wizz Air to stop Abu Dhabi operations
Budapest, Hungary -- Hungarian low-cost airline Wizz Air said Monday that it would end its Abu Dhabi operations, which have...The airline will exit its Abu Dhabi hub starting from September.
The seventh biggest European airlines in terms of daily flights operated around 30 routes in the Middle East.
