Tesla proposes package for Musk that could top $1 trillion
New York, United States -- Tesla unveiled on Friday a proposed compensation package for Elon Musk that could top $1...Business
Global bond selloff spreads to Japan, gold hits record high
Wall Street stocks opened mostly higher, with shares in Google parent-company Alphabet shooting up nearly seven percent after winning a...Business Economy
Alpha Dhabi H1 profit $1.79bn
Adjusted EBITDA rises to $2.36bn.The group’s financial position remains robust, with total assets of AED198.4 billion and equity of AED98.1 billion.
This quarter, Alpha Dhabi Holding and four of its portfolio companies featured in the Forbes Top 100 Listed Companies in the Middle East 2025.
Borouge Q2 net profit $193m
The H1 revenue stood at $2.72 billion.Adjusted EBITDA for the second quarter was $440 million.
The company has proposed an increased minimum interim dividend of 8.1 fils per share for H1.
Saudi Arabia’s real GDP up by 3.9 percent in Q2 2025: GASTAT
Riyadh, Saudi Arabia -- Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9 percent in the second quarter of...Flash estimates of GDP for Q2 say non-oil activities recorded the highest growth at 4.7 percent.
The estimates, released by GASTAT, said oil activities grew by 3.8 percent and government activities at 0.6 percent.
Microsoft valuation surges above $4 trillion as AI lifts stocks
Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...About 25 minutes into trading, the tech-rich Nasdaq Composite Index was up 1.3 percent at 21,396.04.
The gains came as President Donald Trump announced a trade deal with South Korea that imposes a 15 percent tariff on imports from the Asian country.
Thousands of carpets sunbathe at Turkish resort
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.
ADNOC Drilling H1 revenue $2.37bn
The company posted a net profit of $692m.The company's Board of Directors approved the $217 million (approx. 5 fils per share) second quarterly dividend for 2025.
The dividends are expected to be paid in the second half of August 2025 to all shareholders of record as of 8th August 2025.
Dubai International Airport logs record 46 million travelers in first half
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this...The facility marked its busiest first half on record with a 2.3 percent YoY growth, Dubai Airports said in a statement, "despite temporary airspace disruptions in May and June."
During the 12-day Iran-Israel war, airlines cancelled flights to many Middle East destinations as some governments closed their airspace.
Portugal’s Felix joins Ronaldo at Al Nassr in Saudi
Riyadh, Saudi Arabia -- Portuguese forward Joao Felix has signed a two-year deal with Saudi Arabia's Al Nassr, where he...Felix, now 25, made a blockbuster move from Benfica to Atletico Madrid in 2019, but has since seen his fortunes decline.
"I'm here to spread joy. Let's win together," said Felix in a video posted on the club's X account. A separate post said he had signed until 2027.
Palantir, the AI giant that preaches US dominance
Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...The company's reach spans the global economy, with banks, hospitals, the US government, and the Israeli military among its ever-expanding client roster
"We want and need this country to be the strongest, most important country in the world," Alex Karp, Palantir's CEO, recently declared at a client conference in Palo Alto
DIFC records 25 percent rise in registered firms in H1 2025
Dubai, UAE -- Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South...The total number of active registered companies reached 7,700, up from 6,153 in H1 2024 - a 25 percent year-on-year increase.
The number of professionals working in DIFC rose to 47,901, marking a significant 9 percent increase from 43,787 a year earlier.
