Amazon shares surge as AI boom drives cloud growth
San Francisco, United States - Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail...Business
WTO hikes 2025 trade growth outlook but tariffs to bite in 2026
The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.
Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.
Ajman records $808 million in real estate transactions in September
Ajman, UAE -- Real estate transactions in Ajman reached AED 2.97 billion in September, achieving a remarkable growth of 53...The number of real estate transactions during September reached 1,739, while the number of real estate tradings reached 1,393, with a total value exceeding AED1.87 billion.
A total of 241 mortgage transactions were registered, with a total value exceeding AED474 million.
Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025
Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.
OpenAI signs multi-billion dollar chip deal with AMD
New York, United States -- OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues...The companies announced the plan to develop AI data centers that the chipmaker said would bring in tens of billions of dollars in new revenue over the next five years.
AMD's share price surged 35 percent when markets opened on news of the agreement that would see the company deliver six gigawatts worth of chips to the ChatGPT-maker.
What the world can learn from the Middle East’s wellness vision
Across the region, countries are aligning national visions with real investment in health, longevity, and quality of life.The UAE’s wellness economy surged by 58 percent, reaching $34.1 billion—the largest in the MENA region and one of the fastest-growing markets globally.
The Middle East is showing the world what’s possible when wellness is built into the foundation, not bolted on after the fact.
Bitcoin hits record high above $125,000
Tokyo, Japan -- Bitcoin reached a new record high on Sunday, rising above the $125,000 mark. The cryptocurrency reached $125,689,...The cryptocurrency reached $125,689, shooting above its previous August record of around $124,500.
Bitcoin has enjoyed a strong upward momentum with investors cautious about the US government shutdown.
OpenAI valuation soars to $500 bn in private share sale: reports
If confirmed, OpenAI workers' sale of a reported $6.6 billion in shares to investors would make the company the world's...In the first six months of 2025, OpenAI pulled in around $4.3 billion in revenue, specialist outlet The Information reported this week.
But like other generative AI developers, OpenAI has spending plans running into the hundreds of billions over the coming years to build the computing infrastructure.
Elon Musk halfway to becoming world’s first trillionaire: report
Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported Wednesday.The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebound from his stint in politics
The 54-year-old's net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, the publication's "Real-Time Billionaires" tracker reported
Google infuses Gemini generative AI into home gadgets
Paris, France -- Google said Wednesday it was adding its Gemini generative AI assistant to its smart home devices, saying...The new "Gemini for Home" feature "replaces the Google Assistant", the previous system for managing the American tech giant's domestic gadgets, the company said in a blog post.
Google's displays, speakers, cameras and doorbells bought over the past 10 years would all be affected, the company said.
Electronic Arts to be bought by PIF-led consortium for $55 bn
Washington, United States -- Video game giant Electronic Arts announced Monday it would be acquired by a consortium led by...EA said this would be the largest all-cash private equity buyout in history.
Saudi Arabia's PIF, which already holds a 9.9 percent stake in EA, will roll over its existing investment as part of the transaction.
