Business
Property Finder invests in digital real estate investment platform Stake
Dubai, UAE -- Property Finder, the MENA region’s largest property platform, has announced its investment in Stake, a fast-growing digital...
- Stake enables users to invest in fractional property ownership and private real estate funds starting from as little as AED 500.
- Property Finder said the deal demonstrates its belief in Stake and its vision to reshape how the next generation engages with real estate as an asset class.
Business
Jane Birkin’s Hermes handbag up for auction in Abu Dhabi
Paris, France -- A Hermes handbag once belonging to Jane Birkin will be auctioned in Abu Dhabi on December 5,...
- Nicknamed the "Birkin Voyageur", the estimated value of the late actor's black leather bag hovers between $230,000 and $430,000.
- Gifted to Birkin by Hermes in 2003, it is one of four the celebrity owned after auctioning the original to raise money for an AIDS charity in 1994.
Business
Ring, Lloyds Bank and Snapchat hit by massive internet outage
Lloyds Bank and Halifax’s mobile apps went down for users on Monday after a major outage linked to Amazon Web...
- Dozens of popular websites and apps, including Snapchat, Ring, Fortnite, and Amazon’s own Prime Video, were inaccessible during the blackout
- Lloyds’ website posted a notice saying: “Sorry, we’re unable to process your request at the moment. We are currently having some technical issues.”
Interview
Digital sovereignty Is the new independence, says UAE cybersecurity official
Digital sovereignty, in my view, is no longer a technical concept — it’s a cornerstone of national independence and strategic...
- Digital sovereignty, in my view, is no longer a technical concept — it’s a cornerstone of national independence and strategic stability, says Lt. Colonel Al Shebli in an interview
- The UAE has been forward-thinking in this domain, ensuring that data, platforms, and systems critical to our nation’s wellbeing remain under national jurisdiction. he adds
Business
GITEX GLOBAL Day 4: Security in a world driven by AI and data takes center stage
Dubai, UAE-- On the day 4 of GITEX GLOBAL 2025, policymakers, cybersecurity leaders, and innovators convened to address the most...
- As digital transformation accelerates, speakers called for a unified global response that firmly plants security, ethics, and trust at the core of AI-driven progress.
- The 45th edition of GITEX GLOBAL converges more than 6,800 exhibitors, 2,000 startups, 1,200 investors, and delegations from over 180 countries.
Business
Nestle to cut 16,000 jobs
The company's shares shoot up 8%.
- "The world is changing, and Nestle needs to change faster," chief executive Philipp Navratil, who took the reins of the multinational in early September, said in a statement.
- The company published nine-month figures showing sales down by 1.9 percent to 65.9 billion Swiss francs ($83 billion).
Business
Billionaire Ronaldo tops Forbes footballer rich list again
Paris, France -- Portugal great Cristiano Ronaldo once again topped the Forbes highest-paid footballers list for the 2025-26 season, as...
- It is the sixth time in the last decade that Ronaldo has topped the Forbes list.
- With on- and off-field earnings of an estimated $280 million, Al Nassr's Ronaldo will earn more than double that of second-placed rival Lionel Messi.
Business
Spotify, Netflix sign deal to stream video podcasts
Stockholm, Sweden -- Music and video streaming giants Spotify and Netflix have penned a deal to bring several video podcasts...
- Spotify also said that it was planning "to bring similar opportunities" to a wider range of podcasters in the future.
- Spotify first began offering non-music audio and video content on its service in 2015.
Business
AI, robotics, energy systems, sensor networks: Four technologies driving the future of work
The report, Jobs of Tomorrow: Technology and the Future of the World's Largest Workforces, developed by the WEF's Global Future Council on...
- Realizing the vast opportunities while minimizing risks will require targeted investment, improved technology access in developing markets and inclusive platform design
- Applications already making an impact include drone-enabled agricultural harvesting, AI-powered logistics support for small businesses and micro-energy systems
Business
Global experts and cybersecurity leaders convene in Dubai to inform future-ready solutions
The World Economic Forum will convene more than 500 experts from government, business, academia, international organizations, civil society and media,...
- Amid geopolitical shifts and technological transformation, this year’s meetings will provide space to navigate uncertainty, decode emerging trends and strengthen resilience
- Sessions will enable participants to identify systemic solutions, drive cybersecurity collaboration and understanding across industries, and foster the multisectoral partnerships
Most Read
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
Company News
Latest News
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,...
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...
Business
Most Read
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.