UAE outward investment reaches $63.4 billion as global footprint expands
The country's sovereign funds and companies expanded investments across six continents in energy, logistics, technology, healthcare and other sectors, as...
Business
AI market could need $6 trillion annual revenue by 2031, report says
Much of the value is expected to come from new innovation beyond employee productivity, Bain & Company said in its...
Business
Business
Forbes lists Emirates Auction CEO among top CMOs
Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named...
- AI-powered customer acquisition engine launched in 2025 increased new customer growth by 38%, strengthening Emirates Auction’s market reach.
- Unified analytics and personalization platforms helped lift retention by 14% and brand awareness by 20%, company said.
Business
China’s LNG ambitions take shape
The 344-meters-long QC-Max vessel, being built by Hudong-Zhonghua Shipbuilding, is designed for a major Qatari LNG expansion project.
- It will carry substantially more cargo than conventional LNG carriers while reducing losses during transport.
- Compared with standard 174,000-cubic-metre LNG carriers, the new design offers around 57% more cargo capacity.
Business
Gold heads for weekly loss as Wall Street gains on easing Iran tensions
Dubai, UAE -- Gold prices fell on Friday and were headed for a weekly loss, while major U.S. stock indexes...
- Dow, S&P 500 and Nasdaq rose after President Donald Trump withdrew threats of military action against Iran.
- Palladium gained about 5% this week, outperforming other precious metals despite broader weakness across the sector.
Business
AI success in life sciences depends on people as much as technology: Bain
Organizations creating the most value from AI are not necessarily those deploying the most technology. Instead, they are redesigning workflows,...
- Organizations achieving the strongest AI outcomes prioritize a handful of enterprise-wide initiatives rather than dispersing resources across numerous experiments.
- Workforce adoption remains the biggest challenge, prompting successful companies to invest heavily in change management, skills development and leadership engagement.
Business
Dubai Islamic Bank prices $1 billion AT1 sukuk after strong demand
Dubai, UAE -- Dubai Islamic Bank (DIB) has priced a $1 billion Additional Tier 1 (AT1) perpetual sukuk after attracting...
- Orders topped $2.3 billion from more than 85 institutional investors across the Middle East, Europe and Asia.
- The perpetual sukuk qualifies as Additional Tier 1 capital and will be listed on Nasdaq Dubai and Euronext Dublin.
Business
Samsung biggest chip investor
The tech giant invested nearly $59.2bn in 2025.
- Global semiconductor sales exceeded $620 billion in 2024 and are expected to approach $700 billion in 2025.
- East Asia remains the center of global chip manufacturing, with South Korea, Taiwan, Japan and China accounting for much of the world's semiconductor production capacity.
Business
flynas to set up new hub
Five destinations in first phase of operations.
- Initial routes will connect Al-Qassim with Istanbul, Trabzon, Cairo, Abha and Dammam.
- The move makes flynas the first Saudi airline to operate from six hubs across the Kingdom.
Business
Alef Group launches $1.08 billion waterfront development in Sharjah
Dubai, UAE -- Alef Group has launched Linar, a AED4 billion ($1.08bn) waterfront residential development in Sharjah, marking the company's...
- The project, located in Al Mamzar near the Dubai border, comprises five residential towers and one commercial tower and is expected to deliver 2,620 homes upon completion.
- Alef said expressions of interest for Towers A, B and C had been fully reserved, representing more than AED2 billion in potential sales value.
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...
- Forty-six percent of respondents said they had experienced a financial scam during the past 12 months.
- Consumers increasingly see technology as part of the solution, with 85% believing AI will play a critical role in protecting people from fraud in the future.
Business
Riyadh Air adds five routes as first Dreamliners arrive
The expansion marks an early test of Saudi Arabia's ambition to build Riyadh into a major international aviation hub.
- London flights have been brought forward by three weeks after aircraft arrived earlier than expected.
- The carrier aims to serve more than 100 destinations worldwide by 2030.
UAE outward investment reaches $63.4 billion as global footprint expands
The country's sovereign funds and companies expanded investments across six continents in energy, logistics, technology, healthcare and other sectors, as...
Business
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DEWA posts record H1 profit
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Dubai completes 104 real estate projects worth over $30.22 billion
Dubai completed 104 real estate projects worth more than AED111 billion in the first half of 2026, according to Dubai...
Business
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
Etihad Airways becomes first airline to accept Jaywan payments
Etihad Airways has become the first airline to accept Jaywan, the UAE’s national domestic card scheme, for flight bookings on...
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Business
Dubai Chambers, NASSCOM to expand cooperation on Agentic AI
Dubai Chambers has signed a memorandum of understanding with India's National Association of Software and Service Companies (NASSCOM) to expand...
- NASSCOM represents more than 3,500 Indian technology companies, spanning startups and multinational corporations across the country’s technology sector.
- Dubai Chambers’ Agentic AI committee will oversee training, incubators and company development to accelerate private-sector adoption of emerging technologies.
Business
Middle East Energy expects 1,528 exhibitors for 50th Dubai edition
Middle East Energy will host its 50th edition in Dubai next month with 1,528 global energy companies confirmed to exhibit,...
- The exhibition will run from Sept. 1 to 3 at Dubai World Trade Centre under the patronage of the UAE Ministry of Energy and Infrastructure.
- Buyers participating in the event's Energy Club have more than $98 billion in live energy projects across the Middle East, Africa and South Asia, organisers said.
Business
Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
- The project has completed its foundation phase as turbine installation passes halfway, with construction continuing toward a planned end-2026 operation.
- The development is supporting thousands of construction jobs and has directed almost £2 billion toward Britain's domestic renewable-energy supply chain.