Saudi Arabia Railways orders 10 more Stadler intercity trains
Saudi Arabia Railways (SAR) has ordered 10 more intercity trains from Swiss manufacturer Stadler, doubling its fleet of custom-built trains...
Business
Google restricts free access to Gemini AI models
Google will restrict free access to some of its Gemini artificial intelligence models under changes taking effect this month. Starting...
Business
Business
DFDF backs MetaProp to boost PropTech investment
Dubai, UAE -- Dubai Future District Fund (DFDF) has committed capital to MetaProp Fund IV LP, making the New York-based...
- Partnership will introduce a Dubai accelerator module linking global PropTech startups with regional investors, developers and real estate stakeholders.
- MetaProp portfolio companies will gain access to DFDF's regional network as Dubai pursues its D33 innovation and diversification strategy.
Business
Lamki: ADNOC’s South Africa acquisition accelerates international growth strategy
Chief Executive Officer ADNOC Distribution Bader Saeed Al Lamki said South Africa was attractive because of its scale and regulatory...
- ADNOC Distribution plans to sell a 28% stake in the business to a local empowerment partner and an employee stock ownership plan in line with South African ownership requirements.
- The acquisition includes Shell Downstream South Africa's network of about 580 company- and dealer-owned fuel stations, together with its wholesale fuel and aviation businesses.
Business
UAE places sixth among world’s most popular Muslim-friendly destinations
Dubai, UAE -- Mastercard and CrescentRating released the 11th edition of the Global Muslim Travel Index (GMTI), revealing how AI,...
- The report projects international Muslim arrivals to increase to 208 million this year, compared to 196 million in 2025, and reach 262 million by 2030.
- GMTI 2026 indicates that 80% of travellers surveyed worldwide now use AI tools for travel purposes, signalling a major shift in how they discover, evaluate and plan their journeys.
Business
Arada launches platform targeting $5bn in assets under management
Dubai, UAE -- UAE developer Arada has launched Arada Capital, a funds management platform targeting $5 billion in assets under...
- The company said the new platform would initially focus on real estate investments before broadening into infrastructure and other private market assets.
- Founded in 2017, Arada has launched 11 projects in the UAE and has since expanded into the United Kingdom and Australia.
Business
Gold holds near two-week high on tempered Fed rate hike expectations
Dubai, UAE -- Gold was steady near a two-week high on Monday after a ‌softer-than-expected US jobs report last week...
- Spot gold was steady at $4,174.66 per ounce, as of 02:52 GMT, after hitting its highest since 22nd June 22 earlier in the day.
- US gold futures for August delivery climbed 1.5 percent to $4,186.70 per ounce.
Business
EMEA megadeals surge as AI reshapes global dealmaking strategy: Report
The report warns that companies now face a new challenge: pursuing large acquisitions while simultaneously funding and executing AI transformations.
- Global M&A value rose 41% year-on-year to $2.4 trillion in the first five months of 2026. Source: Bain & Company. See line 4.
- Bain says companies are pursuing scale, resilience and AI-related capabilities through acquisitions.
Business
Dubai SME programme awards record $485 million in contracts in 2025
Dubai, UAE --Â Dubai's Emirati Supplier Programme facilitated a record AED1.78 billion ($485 million) in contracts for Emirati-owned small and medium-sized...
- Emirati Supplier Programme awards a record AED1.78bn in contracts to local SMEs, up 38% from 2024.
- Government procurement exceeds AED1bn for the first time, accounting for 58% of all contracts.
Business
Qatar’s foreign investment jumps 52% as 2025 projects reach record levels
Qatar attracted $3.4 billion in foreign direct investment across 373 projects in 2025, a 52% increase in new investments from...
- Qatar attracted $3.4 billion across 373 FDI projects, generating more than 15,000 jobs during 2025, Invest Qatar reported.
- Greenfield investments exceeded half of capital inflows as medium- and high-technology projects accounted for nearly half of total investments.
Analysis
Reading Dubai’s place on the UBS Bubble Index
The index scores the distance between current prices and their historic relationships with local rents, incomes and mortgage debt. A...
- Fifth place measures how far and how fast Dubai has repriced, not how fragile it is.
- The realistic downside is an orderly cooling, concentrated primarily in the over-supplied districts named above, not a credit-driven fall across the city
Business
Emirates becomes first airline cargo carrier to deploy Boeing 777-300ERSF
Dubai, UAE -- Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first...
- The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tones of cargo.
- The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.
Saudi Arabia Railways orders 10 more Stadler intercity trains
Saudi Arabia Railways (SAR) has ordered 10 more intercity trains from Swiss manufacturer Stadler, doubling its fleet of custom-built trains...
Business
Company News
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Borouge okays $656m dividend
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...
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,...
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
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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.