Gold rebounds from six-month low as oil surges
The rebound in bullion came as energy markets rallied sharply. Brent crude futures climbed $2.30, or 2.5%, to $95.40 a...
Business
UAE consumers embrace AI shopping but remain wary of autonomous purchases
Visa's latest Stay Secure study also highlighted the rapid rise of social commerce, with 69% of UAE consumers reporting purchases...
Business
Business
OpenAI files confidentially for IPO as AI boom accelerates
The company did not disclose the size or timing of the offering, saying only that preparations remained at an early...
- Reuters previously reported OpenAI could seek a valuation of up to $1 trillion, potentially making it one of history's largest technology listings.
- The filing follows a restructuring effort and a court victory over Elon Musk, removing a major legal hurdle ahead of any share sale.
Analysis
Why flexibility is non-negotiable in the Middle East’s AI transformation
The region is a mosaic of digital ambitions where distinct national strategies are unfolding simultaneously. While the UAE accelerates its...
- Open source is the ultimate enabler of digital sovereignty, as it gives enterprises greater transparency, flexibility, and control over their IT estate.
- Energy and public sectors require rugged edge capabilities and the ability to process data in remote, high-demand environments.
Business
UAE travel sites improve email fraud protections: Proofpoint
Dubai, UAE -- The UAE's travel sector has strengthened its defences against email fraud ahead of the peak summer booking...
- Proofpoint said 45% of the travel websites surveyed were operating at the reject level, up from previous years, but 55% had yet to implement the strongest protection setting.
- The analysis was conducted in May 2026 and covered the UAE's 20 most-visited travel websites, identified using data from digital marketing platform SEMrush.
Business
Dubai economic zones post highest-ever trade performance in 2025
Dubai, UAE -- Dubai's integrated economic zones recorded their strongest-ever trade performance in 2025, with total trade rising 46% year-on-year...
- Total trade through DIEZ rose 46% to AED491 billion, marking a fifth consecutive year of growth and lifting its share of Dubai's non-oil trade to 16%.
- Trade volumes increased 50% to nearly 668,000 tonnes, signalling growth driven by higher cargo movement and commercial activity rather than price effects.
Business
Microsoft data highlights Qatar’s rapid Artificial Intelligence growth
The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
- Experts say governance, regulation and workforce skills will determine the long-term success of Qatar's AI ambitions.
- Several institutions have played a leading role in advancing AI adoption, including Qatar Foundation for Education, Science and Community Development.
Business
Google inks multi-year AI infrastructure pact with SpaceX
Dubai, UAE -- SpaceX has signed a multi-year cloud services agreement with Alphabet's Google, securing a major customer for its...
- Google will pay $920 million monthly from October through June 2029, with reduced charges during the initial ramp-up period.
- SpaceX said the contract covers roughly 110,000 Nvidia GPUs alongside CPUs, memory and related computing infrastructure.
Business
Global travel firms reaffirm confidence in UAE tourism growth
Dubai, UAE --- Global travel companies and tourism industry leaders expressed confidence in the UAE's tourism sector during the "Engage...
- Elevate World launched Yara AI to support tour operators, hotels and tourism stakeholders across the wider travel ecosystem.
- Wynn Al Marjan Island updated industry partners on construction progress and international trade engagement ahead of opening.
Business
Oil steadies while gold and bitcoin extend weekly losses
Oil markets were supported by expectations that ongoing talks between the United States and Iran could help secure energy flows...
- U.S. crude remained more than 6% higher for the week despite Thursday's sharp decline on optimism over Iran talks.
- Record outflows from U.S. spot bitcoin ETFs in May accelerated cryptocurrency losses as investors shifted toward technology stocks.
Business
UAE property market draws global investors despite regional conflict
The UAE Property Investment Index, conducted by U.S.-based Penta Group, found that 56% of global property investors expressed serious interest...
- More than half of surveyed investors expressed serious interest in UAE property, surpassing investor interest levels in the United States.
- Indian, Egyptian and Saudi investors showed particularly strong demand, while European buyers increasingly view the UAE as a preferred overseas market.
Business
ChatGPT surpasses 1 billion monthly active users in May
Dubai, UAE -- OpenAI's ChatGPT surpassed 1 billion monthly active users in May, becoming the fastest application to reach the...
- Sensor Tower estimates ChatGPT reached one billion monthly users roughly three years after launching in late 2022.
- Growing enterprise adoption and multimodal capabilities have helped fuel demand amid intensifying competition across artificial intelligence markets.
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Gold rebounds from six-month low as oil surges
The rebound in bullion came as energy markets rallied sharply. Brent crude futures climbed $2.30, or 2.5%, to $95.40 a...
Business
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Musk kicks Kanye West off Twitter for ‘incitement to violence’
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...
UAE travel sites improve email fraud protections: Proofpoint
Dubai, UAE -- The UAE's travel sector has strengthened its defences against email fraud ahead of the peak summer booking...
Business
Dubai economic zones post highest-ever trade performance in 2025
Dubai, UAE -- Dubai's integrated economic zones recorded their strongest-ever trade performance in 2025, with total trade rising 46% year-on-year...
Business
Microsoft data highlights Qatar’s rapid Artificial Intelligence growth
The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
Business
Most Read
Business
Global travel firms reaffirm confidence in UAE tourism growth
Dubai, UAE --- Global travel companies and tourism industry leaders expressed confidence in the UAE's tourism sector during the "Engage...
- Elevate World launched Yara AI to support tour operators, hotels and tourism stakeholders across the wider travel ecosystem.
- Wynn Al Marjan Island updated industry partners on construction progress and international trade engagement ahead of opening.
Business
Oil steadies while gold and bitcoin extend weekly losses
Oil markets were supported by expectations that ongoing talks between the United States and Iran could help secure energy flows...
- U.S. crude remained more than 6% higher for the week despite Thursday's sharp decline on optimism over Iran talks.
- Record outflows from U.S. spot bitcoin ETFs in May accelerated cryptocurrency losses as investors shifted toward technology stocks.
Business
UAE property market draws global investors despite regional conflict
The UAE Property Investment Index, conducted by U.S.-based Penta Group, found that 56% of global property investors expressed serious interest...
- More than half of surveyed investors expressed serious interest in UAE property, surpassing investor interest levels in the United States.
- Indian, Egyptian and Saudi investors showed particularly strong demand, while European buyers increasingly view the UAE as a preferred overseas market.