Qatar ready to invest $21 bn in DR Congo: Kinshasa
Kinshasa, DR Congo -- Qatari investment firm Al Mansour Holding hopes to invest $21 billion in the Democratic Republic of...Business
Abu Dhabi’s AI sector expands 61% in one year: Abu Dhabi Chamber
Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June...Globally, there are approximately 90,904 AI companies as of 2024, which places Abu Dhabi’s AI company count as a notable concentration within the global landscape.
Abu Dhabi Chamber has revealed that over 58 percent of all AI firms in the emirate are dedicated to innovation, research, and consultancy.
Nvidia, AMD to pay US 15% of AI chip sales to China: reports
Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government...Investors are betting that AI will transform the global economy, and last month Nvidia became the first company ever to hit $4 trillion in market value.
The US has been restricting which chips Nvidia can export to China on national security grounds.
Hospitality leaders to gather in Dubai for Commercial Strategy Conference
Dubai, UAE -- The region's top hospitality professionals will converge at the Conrad Dubai Hotel on November 25-26, 2025, for...The eighth annual conference will showcase the industry's brightest minds and future leaders.
Attendees can fast-track professional development with pre-conference certification courses and networking.
Dubai records over 4,000 new-real estate activities in H1 2025
Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the...Real estate brokerage services for property sales topped the list with 2,301 activities.
This was followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector’s expanding broker network.
SEC H1 net profit $1.67bn
Revenue grew by 24% to $7.38 billion.Revenue for Q2 grew by 24 percent to reach SAR 27.7 billion ($7.38 billion), while gross profit rose by 42 percent to SAR 7.4 billion.
Operating profit increased by 21 percent to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22 percent year-on-year increase.
Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know
Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...The dozen-plus cartoonish AI creatures have fast become memes, inspiring a stream of new content such as "Brainrot Rap", viewed 116 million times on YouTube.
A YouTube Short titled "Learn to Draw 5 Crazy Italian Brainrot Animals" -- including a cactus-elephant crossover named "Lirili Larila" -- has also been watched 320 million times.
Accumulating bitcoin a risky digital rush by companies?
London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...Companies frequently own bitcoin, the largest cryptocurrency by market capitalisation, to take part in sector activities such as "mining"
Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.
OpenAI releases ChatGPT-5 as AI race accelerates
San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."
DEWA profit after tax $789m
It will pay $843m in H1 dividend.The first-half revenue of AED 14.6 billion ($3.97 bn), EBITDA of AED 7 billion, operating profit of AED 3.7 billion.
DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh.
Trump announces 100% chip tariff, pressuring Asian producers
The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.
