flydubai doubles daily Bangkok flights amid strong demand
Dubai, UAE -- Dubai-based carrier flydubai will introduce a second daily flight to Bangkok from July 18, doubling its daily...
Business
Major book publishers sue Google over use of copyrighted books to train AI models
Several major book publishers and authors have sued Google, alleging the technology company illegally copied millions of copyrighted books to...
Business
Business
OpenAI announces Broadcom deal as spending spree continues
OpenAI, the company behind ChatGPT, announced Monday it is teaming up with chip giant Broadcom to design and build its...
- The partnership is the latest in a series of recent announcements by OpenAI as it seeks to strengthen its position as the preeminent company of the generative AI revolution
- The partnership, which the companies said would launch next year, would provide 10 gigawatts in computing power, requiring roughly the energy needed to power a major city
Business
UAE solidifies AI ambition at Expand North Star by GITEX GLOBAL
Dubai, UAE – Expand North Star by GITEX GLOBAL is underway in the UAE as the world’s largest startup and...
- The 2025 edition connects over 2,000 of the world’s most disruptive startups with 1,200 international investors managing US$1.1 trillion in assets.
- Reflecting the government’s ambition to foster innovation and attract global talent, the initiative aims to generate 30,000 new jobs by 2030.
Business
Abu Dhabi awards contract for mega solar project
Dubai, United Arab Emirates -- Abu Dhabi, the capital of leading oil producer the United Arab Emirates, said Friday it...
- The 1.5-gigawatt Khazna Solar PV plant, expected to have nearly three million solar panels, will avert more than 2.4 million tons of carbon emissions per year,
- Engie and Emirati renewable-energy company Masdar won the contract to build the plant and sell EWEC the electricity.
Business
Silver price hits decades high as gold rush eases
Stock markets, meanwhile, were mixed as traders weighed a slew of issues: massive AI investments, corporate results, US interest rates,...
- The price of silver topped $50 an ounce for the first time since 1993 in the wake of sister safe-haven gold soaring to record highs.
- The metal hit $50.1900, while gold retreated after hitting a record above $4,000 an ounce on Wednesday.
Business
Gold tops $4,000 for first time on political, economic worries
US and European stock markets mostly rose while Asian equities fell as investors also kept tabs on the AI investment...
- Parts of the US government began to close last week after Democrats and President Donald Trump failed to break a deadlock over spending.
- Tech firms led selling in Asia, with Alibaba and JD.com down in Hong Kong, chip-maker TSMC dropping in Taipei and Renesas sharply lower in Tokyo.
Business
Multiply Group buys stake in ISEM
Multiply Group will hold 60.8% of ISEM.
- Peninsula Capital and minority investors will own the remaining 39.2 percent.
- The deal represents an expansion into packaging by Multiply Group, establishing the Group’s fifth consumer-focused vertical.
Business
GITEX25: G42 to host fireside chat with OpenAI CEO Sam Altman
Abu Dhabi, UAE – G42, the Abu Dhabi-based technology group, Wednesday announced its participation at GITEX Global 2025 with the...
- The G42 District will serve as a one-stop destination for government officials, business leaders, and visitors to explore how AI is being operationalized across sectors.
- It will feature G42’s full portfolio of companies - including Core42, Khazna, M42, Presight, CPX, Inception, Space42, AIQ, AstraTech and Analog.
Economy
WTO hikes 2025 trade growth outlook but tariffs to bite in 2026
The WTO raised its forecast for trade volume growth in 2025 to 2.4 percent -- up from 0.9 percent in...
- In an unusual move, the global trade body has revised its estimates several times this year due to uncertainties surrounding the new tariffs imposed by the Trump administration.
- Since returning to office in January, Trump has slapped several waves of new tariffs on imports entering the United States.
Business
Ajman records $808 million in real estate transactions in September
Ajman, UAE -- Real estate transactions in Ajman reached AED 2.97 billion in September, achieving a remarkable growth of 53...
- The number of real estate transactions during September reached 1,739, while the number of real estate tradings reached 1,393, with a total value exceeding AED1.87 billion.
- A total of 241 mortgage transactions were registered, with a total value exceeding AED474 million.
Business
Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025
Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...
- The event brings together the world’s most advanced AI and tech enterprises and leaders from 180 countries, from 13-17 Oct at Dubai World Trade Centre.
- Expand North Star celebrates its 10th edition from 12-15 October at Dubai Harbour.
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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
flydubai doubles daily Bangkok flights amid strong demand
Dubai, UAE -- Dubai-based carrier flydubai will introduce a second daily flight to Bangkok from July 18, doubling its daily...
Business
Company News
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AD Ports Group acquires CLI
Business
$1.59bn Makkah project awarded
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...
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
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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.