Norway experiments with electric plane in real-life test
Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...Technology Business Geostrategy Science Aviation
Dubai International Chamber attracts 31 MNCs to Dubai in H1
Dubai, UAE -- Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced...It attracted 143 companies to Dubai during H1 2025, representing a 138 percent increase compared to the 60 companies attracted in H1 2024.
A total of 112 small and medium-sized enterprises (SMEs) were attracted during H1 2025.
Aramco signs $11bn deal
The deal involves its Jafurah gas facilities.Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas.
It is a key component in Aramco’s plans to increase gas production capacity by 60 percent between 2021 and 2030.
Larry Fink, André Hoffmann take interim helm at WEF, pledge renewed push for global cooperation
The World Economic Forum has named BlackRock CEO Larry Fink and Swiss entrepreneur André Hoffmann as interim co-chairs, with both...“We are honored to take on this leadership role on an interim basis at a pivotal time for the World Economic Forum,” Fink and Hoffmann said in a joint statement
The two leaders stressed that the WEF is uniquely positioned to bridge divides a time when the world more fragmented and complex than ever
Stocks diverge as bitcoin hits record high
Bitcoin hit a new peak at $124,514.59 in Asian trading, before cooling to around $121,500. The world's biggest cryptocurrency is...Bitcoin is also winning investor support thanks to strong backing for the cryptocurrency sector from Trump.
Most European equity indices climbed after major Asian peers ended lower.
TAQA H1 net income $1bn
The group's revenue reached $7.73 billion.This growth was led by higher pass-through costs in the Transmission & Distribution (T&D) segment.
The group reduced its gross debt position to AED61.7 billion, enabled by scheduled repayments and the maturity of a corporate bond.
Musk clashes with Altman after accusing App Store of favoring OpenAI
San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened...OpenAI and xAI both released new versions of their AI assistants, ChatGPT and Grok, in the past week.
App Store rankings listed ChatGPT as the top free iPhone app on Tuesday, with Grok in fifth place.
Perplexity AI offers Google $34.5 bn for Chrome browser
San Francisco, United States -- Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which...The sum proposed in a letter of intent by Perplexity is nearly double the value of the startup, which was reportedly $18 billion in a recent funding round.
Google is awaiting a US District Court judge's decision on how to address its illegal monopoly in online search.
Gulf tourists say Polish mountain town is a cool place
Zakopane, Poland -- Saudi photographer Fahad Alayyash gazed over the Alpine-like panorama of the Tatras, Poland's highest mountain range --...Up to seven flights fly daily from the Gulf region at nearby Krakow Airport.
Arab customers constitute up to 30 percent of all summer guests at his five-star hotel in Zakopane.
China Evergrande Group says to delist from Hong Kong
Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange...The Hong Kong bourse's listing committee decided to cancel Evergrande's listing as it had failed to meet a July deadline to resume trading, according to an exchange filing.
Once China's biggest real estate firm, Evergrande was worth more than $50 billion at its peak and helped propel the country's rapid economic growth in recent decades.
ADNOC L&S H1 net profit $420m
The company’s revenue reached $2.43bnADNOC L&S’s Q2 revenue increased by 40 percent year-on-year (YoY) to US$1.258 billion (AED 4.618 billion)
In H1 2025, the company’s revenue was $2.439 billion (AED 8.9 billion), a 40 percent YoY increase.
