Visa expands AI-driven payments program across CEMEA region
Visa launched its global Agentic Ready program in the United Arab Emirates on Wednesday, expanding efforts to support artificial intelligence-driven...
Business
Business
Trump, Intel announce deal giving US a 10% stake in chipmaker
Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald...
- The deal came after Trump's administration said Intel should give Washington an equity stake in exchange for large grants committed when Joe Biden was president
- Under the agreement, the US government will receive 433.3 million shares of common stock, representing a 9.9 percent stake in the company, Intel said in a statement
Business
‘Hell is Us’ looks to break mould of big-budget gaming
Paris, France - Developer Jonathan Jacques-Belletete has taken a gamble on forthcoming game "Hell is Us", hoping to ape the...
- "I'd had it up to here" with work on big-spending productions whose price tag can run into the hundreds of millions, the veteran of firms like Ubisoft and Eidos Montreal told AFP
- he industry has had huge difficulties in recent years" with waves of layoffs at major players like Sony and Microsoft,where smaller outfits "seem to have held up better
Business
Boeing in talks to sell up to 500 planes to China: Bloomberg
New York, United States -- US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese...
- The deal would be a major win for the struggling US manufacturer, with company shares rising as high as 3.7 percent in pre-market trades.
- Bloomberg's sources said the deal would be contingent on Washington and Beijing coming to a longer-term agreement in their simmering trade war.
Business
Google packs new Pixel phones with Artificial Intelligence
New York, United States -- Google on Wednesday unveiled new Pixel 10 smartphones, showcasing artificial intelligence (AI) capabilities woven into...
- The line-up of new products included a foldable phone, improved Pixel smartwatch, and ear buds all synced to work with AI and each other.
- Samsung has made AI a centerpiece of its Galaxy smartphone line and recently released a new Galaxy Z Fold7.
Business
Turkish Airlines says offer to buy stake in Spain’s Air Europa accepted
Turkish Airlines on Tuesday said Air Europa had accepted its 300-million-euro ($350 million) offer to purchase a minority stake in...
- In a statement to the Istanbul Stock Exchange regulator (KAP), the Turkish flag carrier said "the binding offer submitted has been accepted by Air Europa."
- "The minority shareholding ratio to be acquired will be finalised following technical and financial adjustments to be made at the closing," it said.
Business
Google and Australia’s national newswire strike AI deal
Sydney, Australia - Australia's national newswire has agreed to provide content to Google's Gemini artificial intelligence to improve its responses,...
- The deal would help deliver real-time information to "enhance" responses in the Gemini app, said Nic Hopkins, Google's head of news partnerships for Australia and New Zealand
- Australian Associated Press, which was established 90 years ago, said its journalism would ensure timeliness and accuracy in the information Google's products provide
Business
Big-ticket events boost international tourism and economic growth
Dubai, UAE -- ‘Big-ticket’ events are playing a pivotal role in driving international tourism and accelerating economic growth, according to...
- In the GCC alone, the event and exhibition market is expected to reach US$827 million by 2029.
- Global business travel reached a record US$1.4 trillion in 2024 and is projected to rise to US$2 trillion by 2030.
Business
Dubai International Chamber attracts 31 MNCs to Dubai in H1
Dubai, UAE -- Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced...
- It attracted 143 companies to Dubai during H1 2025, representing a 138 percent increase compared to the 60 companies attracted in H1 2024.
- A total of 112 small and medium-sized enterprises (SMEs) were attracted during H1 2025.
Business
Aramco signs $11bn deal
The deal involves its Jafurah gas facilities.
- Jafurah is the largest non-associated gas development in the Kingdom of Saudi Arabia, estimated to contain 229 trillion standard cubic feet of raw gas.
- It is a key component in Aramco’s plans to increase gas production capacity by 60 percent between 2021 and 2030.
Business
Larry Fink, André Hoffmann take interim helm at WEF, pledge renewed push for global cooperation
The World Economic Forum has named BlackRock CEO Larry Fink and Swiss entrepreneur André Hoffmann as interim co-chairs, with both...
- “We are honored to take on this leadership role on an interim basis at a pivotal time for the World Economic Forum,” Fink and Hoffmann said in a joint statement
- The two leaders stressed that the WEF is uniquely positioned to bridge divides a time when the world more fragmented and complex than ever
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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
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BYD logs record EV sales in 2025
Business
Dubai targets $87 trillion wealth pool as investors rethink portfolios
Dubai, UAE -- Dubai is positioning itself as a global hub for private wealth as high-net-worth individuals rethink where and...
Business
UAE launches first 7-year Islamic Treasury Sukuk worth $150 million
Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
Business
Abu Dhabi records real estate deals worth $38.7 billion in 2025
Abu Dhabi, UAE -- Abu Dhabi’s real estate market recorded transactions worth a record AED 142 billion ($38.7 billion) in...
Business
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Interview
Gulf startup hubs: Converging strategies, diverging ambitions
Despite fierce branding as rivals, Gulf startup hubs share capital, policy, and talent structures that are quietly shaping distinct, globally...
- Shared infrastructure, capital flows, and policy choices bind these ecosystems together more than they divide them.
- The critical question for Gulf ecosystems is not whether they have capital or talent, but whether both are organized toward genuinely global ambition.
Interview
Professional events are becoming West Africa’s new innovation engine
Innovation doesn’t happen by decree. It happens when people collide, when ideas rub up against each other, when unlikely conversations...
- What happens after the expo is just as important as what happens on stage.
- These gatherings give birth to cross-border communities of engineers, researchers, entrepreneurs, investors, and policymakers.
Geostrategy
Citizen-consumers are redefining the global reputation of multinationals: Ipsos study
The report, Impacts of Multinational Corporations: What Citizen-Consumers Want from Foreign Companies Doing Business in Their Country, draws on a...
- Despite regional differences, one expectation stands out globally: people want multinational corporations to contribute to local economies.
- This economic focus was particularly pronounced in developing and emerging markets, including many countries in the Middle East, North Africa, and Latin America.