GITEX GLOBAL Day 4: Security in a world driven by AI and data takes center stage
Dubai, UAE-- On the day 4 of GITEX GLOBAL 2025, policymakers, cybersecurity leaders, and innovators convened to address the most...Technology Business
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,...Business
Nvidia marks Paris tech fair with Europe AI push
Paris, France -- Drawing high-powered tech CEOs and a presidential visit, the Vivatech trade fair opened in Paris on Wednesday...Nvidia boss Jensen Huang also lso announced a multi-billion-dollar partnership with French AI champion Mistral AI.
The US firm's tie-up with Mistral will see the companies build a cloud computing platform powered by 18,000 of Nvidia's "Blackwell" high-end chips worth billions.
Trump touts ‘done’ deal with Beijing on rare earths, Chinese students
Trump said on his Truth Social platform that China would supply rare earth minerals and magnets -- vital elements for...Washington was concerned at slower supplies of rare earths after Beijing began requiring domestic exporters to apply for a license -- seen as a response to US tariffs.
Rare earths are used in everything from electric vehicles to hard drives, wind turbines and missiles.
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.
