Space42, Viasat sign binding agreement to co-found ‘Equatys’
Space42 and Viasat will each initially contribute $400 million, while Space42 is expected to provide an additional $200 million in...
Business
Hidden liabilities behind major property deals
UAE property investors must look beyond certificates to uncover hidden fire-safety risks that could affect costs, valuations and returns, writes...
Opinion
Analysis
Shein’s debut puts its valuation, and its growth story, to test
Shein’s weak debut is a telltale sign that limited share availability cannot disguise investor concerns over valuation and growth, says...
- Revenue growth has slowed sharply, while first-quarter sales barely moved, raising questions about whether Shein can sustain its expansion.
- European daily active users have fallen around 45 percent following changes to small-parcel duty exemptions, highlighting pressure on low-cost demand.
Business
Accenture, AWS sign six-year Middle East cloud, AI, data deal
Accenture has signed a six-year strategic collaboration agreement with Amazon Web Services (AWS) to help organizations across the Middle East...
- Accenture will deploy regional architects and delivery leads across migration, modernization, data, AI and enterprise platform initiatives.
- Industry programs will target energy, financial services and public sector organizations seeking faster digital transformation and AI adoption.
Business
Abu Dhabi sees rise in licences for Emirati businesswomen
The Abu Dhabi Registration Authority issued 3,058 new economic licences to Emirati female entrepreneurs and businesswomen between January and June,...
- Abu Dhabi issued 3,058 new licences to Emirati women entrepreneurs during the first half, up from 2,873 last year.
- Mobdea licences, designed to support women turning creative pursuits into businesses, increased 10.1 percent during the first six months.
Business
Syria processes first international card payment in 15 years
Dubai, UAE -- Syria has processed its first international card payment in more than 15 years, Mastercard and QNB Group...
- QNB Syria processed the transaction at an approved local merchant using a Mastercard card issued outside Syria.
- The reconnection could enable wider international card acceptance, expanding digital payment options for consumers and businesses.
Business
Dubai airport expects stronger H2 as airline capacity and demand recover
Dubai Airports CEO Paul Griffiths said the return of airline capacity was being matched by recovering demand, particularly important for...
- Dubai Airports is upgrading biometrics, self-service facilities and passenger flows to accommodate expected demand during the busier second half.
- The winter flight schedule and Dubai’s global events calendar are expected to support stronger connectivity and international transfer traffic.
Business
EDGE, Brazilian Army to establish cyber defense center in Brazil
Dubai, UAE -- EDGE Group and the Brazilian Army will establish a Cyber Defence Centre of Excellence in Brazil, the...
- The centre will provide training, digital forensics, incident response and strategic advice to Brazil’s armed forces and federal institutions.
- EDGE and Brazil’s Army will jointly invest in the institution, designed to build sovereign cyber capabilities and regional expertise.
Opinion
As AI joins the workforce, who gives it authority?
The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...
- AI agents are gaining autonomy across enterprises, making clearly defined authority, permissions and accountability essential for responsible deployment.
- Saudi Arabia’s early adoption of agentic workflows gives organisations an opportunity to shape governance models for autonomous enterprise systems.
Geostrategy
UAE insurance assets rise 6.1 percent to $44.9 billion in 2025
Assets held by UAE insurance companies rose 6.1 percent to AED164.9 billion ($44.9 billion) in 2025, the Central Bank of...
- UAE insurers’ profits jumped to AED4 billion, while invested assets accounted for 58.4 percent of total sector assets.
- Active policies reached 17.3 million, with health coverage rising sharply after mandatory basic insurance requirements took effect nationwide.
Business
Gold prices hit highest levels in three months, oil falls
Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US...
- Spot gold was up 0.5 percent at $4,627.42 per ounce, as of 01:55 GMT, after hitting its highest level since 15th May earlier in the session.
- Among other metals, spot silver fell 0.3 percent to $68.76 per ounce. Platinum lost 0.5 percent to $1,868.03.
Business
Borouge okays $656m dividend
The company said dividend reflects its resilience
- The company reaffirmed its 2026 dividend target of 16.2 fils per share following its integration into Borouge International.
- Since its initial public offering in June 2022, Borouge shareholders have received $4.9 billion in dividends.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Space42, Viasat sign binding agreement to co-found ‘Equatys’
Space42 and Viasat will each initially contribute $400 million, while Space42 is expected to provide an additional $200 million in...
Business
Company News
Latest News
Musk kicks Kanye West off Twitter for ‘incitement to violence’Â
West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai
Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....
Cyberattack hits hundreds of US businesses
A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Abu Dhabi sees rise in licences for Emirati businesswomen
The Abu Dhabi Registration Authority issued 3,058 new economic licences to Emirati female entrepreneurs and businesswomen between January and June,...
Business
Syria processes first international card payment in 15 years
Dubai, UAE -- Syria has processed its first international card payment in more than 15 years, Mastercard and QNB Group...
Business
Dubai airport expects stronger H2 as airline capacity and demand recover
Dubai Airports CEO Paul Griffiths said the return of airline capacity was being matched by recovering demand, particularly important for...
Business
Most Read
Opinion
As AI joins the workforce, who gives it authority?
The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...
- AI agents are gaining autonomy across enterprises, making clearly defined authority, permissions and accountability essential for responsible deployment.
- Saudi Arabia’s early adoption of agentic workflows gives organisations an opportunity to shape governance models for autonomous enterprise systems.
Geostrategy
UAE insurance assets rise 6.1 percent to $44.9 billion in 2025
Assets held by UAE insurance companies rose 6.1 percent to AED164.9 billion ($44.9 billion) in 2025, the Central Bank of...
- UAE insurers’ profits jumped to AED4 billion, while invested assets accounted for 58.4 percent of total sector assets.
- Active policies reached 17.3 million, with health coverage rising sharply after mandatory basic insurance requirements took effect nationwide.
Business
Gold prices hit highest levels in three months, oil falls
Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US...
- Spot gold was up 0.5 percent at $4,627.42 per ounce, as of 01:55 GMT, after hitting its highest level since 15th May earlier in the session.
- Among other metals, spot silver fell 0.3 percent to $68.76 per ounce. Platinum lost 0.5 percent to $1,868.03.