Emirates breaks ground on Dubai South engineering hub
The $5.1 billion engineering complex targets advanced aircraft maintenance capabilities, sustainability benchmarks, and expanded aviation infrastructure. The facility is being...
Business
Business
Dubai records over 4,000 new-real estate activities in H1 2025
Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the...
- Real estate brokerage services for property sales topped the list with 2,301 activities.
- This was followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector’s expanding broker network.
Business
SEC H1 net profit $1.67bn
Revenue grew by 24% to $7.38 billion.
- Revenue for Q2 grew by 24 percent to reach SAR 27.7 billion ($7.38 billion), while gross profit rose by 42 percent to SAR 7.4 billion.
- Operating profit increased by 21 percent to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22 percent year-on-year increase.
Arts & Culture
Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know
Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...
- The dozen-plus cartoonish AI creatures have fast become memes, inspiring a stream of new content such as "Brainrot Rap", viewed 116 million times on YouTube.
- A YouTube Short titled "Learn to Draw 5 Crazy Italian Brainrot Animals" -- including a cactus-elephant crossover named "Lirili Larila" -- has also been watched 320 million times.
Business
Accumulating bitcoin a risky digital rush by companies?
London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon...
- Companies frequently own bitcoin, the largest cryptocurrency by market capitalisation, to take part in sector activities such as "mining"
- Tesla has previously accepted payments in bitcoin, while Trump Media soon plans to offer crypto investment products.
Business
OpenAI releases ChatGPT-5 as AI race accelerates
San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
- ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
- Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."
Business
DEWA profit after tax $789m
It will pay $843m in H1 dividend.
- The first-half revenue of AED 14.6 billion ($3.97 bn), EBITDA of AED 7 billion, operating profit of AED 3.7 billion.
- DEWA’s total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh.
Economy
Trump announces 100% chip tariff, pressuring Asian producers
The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
- shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
- Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.
Business
Electric ‘air taxis’ could debut in Japan from 2027
Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis"...
- ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploying more than 100 of the five-seater aircraft.
- The project primarily envisages trips between Narita and Haneda airports and Tokyo, although the routes can diversify in the future.
Business
Apple to invest additional $100 bn in US: White House
Washington, United States -- Apple will invest an additional $100 billion in the United States, taking its total pledge to...
- In February, Apple said it would spend more than $500 billion in the United States and hire 20,000 people, with Trump quickly taking credit for the decision.
- Trump, who has pushed US companies to shift manufacturing home by slapping tariffs on trading partners, claimed that his administration was to thank for the investment.
Business
60 percent travelers in UAE trust AI to plan their trips: Report
Dubai, UAE -- Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of...
- A recent report by Tourism Economics on behalf of Arabian Travel Market says 21 percent using it before their most recent trip.
- The research also confirmed that travel firms are harnessing AI to enhance customer service and drive economic impact.
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
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...
Geostrategy
Gaming, esports GCC’s new growth play
Saudi Arabia and the UAE are leading the gaming surge with world-class ecosystems and youth-driven expansion. Across the region, governments...
Economy
From awareness to action: How Amazon Ads is helping GCC startups scale smarter
Amazon Ads is evolving from a marketing channel into a business-building engine, helping GCC startups use full-funnel advertising, retail media...
Business
Most Read
Business
CAMB.AI unveils a new vision for a ‘truly borderless internet’: Avneesh Prakash
CAMB.AI founder Avneesh Prakash explains how on-device, real-time AI translation—powered by its MARS and BOLI models—is poised to dismantle language...
- CAMB.AI is shifting voice AI from the cloud to the chip, enabling devices to be “born multilingual” through real-time, on-device translation, Avneesh Prakash tells TRENDS
- Founded on lived experiences of linguistic exclusion, CAMB.AI aims to ensure language never determines access, opportunity, or identity., he adds
Business
The new knowledge economy belongs to super users: Michael Wolf
Activate Consulting CEO Michael Wolf tells TRENDS how AI, media and shifting consumer behaviour are driving the next knowledge economy.
- The next knowledge economy will be built on AI working alongside journalists, analysts, creators and storytellers whose critical thinking remain irreplaceable, Wolf tells TRENDS
- From cost-efficient film and TV production to streamlining legal, accounting and other B2B workflows, AI will boost productivity rather than eliminate most jobs, he adds
Business
Oil prices gain, as equities extend record run higher
Oil prices have experienced choppy trading since the surprise US raid Saturday on Caracas that saw Venezuelan president Nicolas Maduro...
- Brushing off geopolitical concerns, some major stock markets have begun the new year with new all-time highs, having smashed records in 2025.
- Seoul rose more than one percent Tuesday to top 4,500 points for the first time, helped by another strong rally in chip giant SK hynix.