Emerson to build new automation solutions service center in Qatar
Emerson, a global automation solutions company, said on Wednesday it plans to build a new solutions service center in Qatar's...
Business
Qatar launches platform to manage wealth fund domestic portfolio
Qatar’s new investment platform will manage the wealth fund’s domestic portfolio as Doha targets $60 billion in infrastructure and private...
Business
Opinion
What the world can learn from the Middle East’s wellness vision
Across the region, countries are aligning national visions with real investment in health, longevity, and quality of life.
- The UAE’s wellness economy surged by 58 percent, reaching $34.1 billion—the largest in the MENA region and one of the fastest-growing markets globally.
- The Middle East is showing the world what’s possible when wellness is built into the foundation, not bolted on after the fact.
Business
Bitcoin hits record high above $125,000
Tokyo, Japan -- Bitcoin reached a new record high on Sunday, rising above the $125,000 mark. The cryptocurrency reached $125,689,...
- The cryptocurrency reached $125,689, shooting above its previous August record of around $124,500.
- Bitcoin has enjoyed a strong upward momentum with investors cautious about the US government shutdown.
Business
OpenAI valuation soars to $500 bn in private share sale: reports
If confirmed, OpenAI workers' sale of a reported $6.6 billion in shares to investors would make the company the world's...
- In the first six months of 2025, OpenAI pulled in around $4.3 billion in revenue, specialist outlet The Information reported this week.
- But like other generative AI developers, OpenAI has spending plans running into the hundreds of billions over the coming years to build the computing infrastructure.
Business
Elon Musk halfway to becoming world’s first trillionaire: report
Billionaire Elon Musk, the world's richest person, is nearly halfway to becoming the planet's first trillionaire, Forbes magazine reported Wednesday.
- The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebound from his stint in politics
- The 54-year-old's net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, the publication's "Real-Time Billionaires" tracker reported
Business
Google infuses Gemini generative AI into home gadgets
Paris, France -- Google said Wednesday it was adding its Gemini generative AI assistant to its smart home devices, saying...
- The new "Gemini for Home" feature "replaces the Google Assistant", the previous system for managing the American tech giant's domestic gadgets, the company said in a blog post.
- Google's displays, speakers, cameras and doorbells bought over the past 10 years would all be affected, the company said.
Business
Electronic Arts to be bought by PIF-led consortium for $55 bn
Washington, United States -- Video game giant Electronic Arts announced Monday it would be acquired by a consortium led by...
- EA said this would be the largest all-cash private equity buyout in history.
- Saudi Arabia's PIF, which already holds a 9.9 percent stake in EA, will roll over its existing investment as part of the transaction.
Business
Transforming your hotel into a sector leader in sustainability
The hospitality industry sits at the crossroads of experience and responsibility. As utilities, energy, and resource costs rise, and as...
- The most successful sustainability initiatives are those that enhance, rather than limit, the guest experience.
- Transforming a hotel into a sustainability leader also requires rethinking procurement.
Business
Trump’s granddaughter launches clothing brand from White House
Washington, United States - US President Donald Trump's granddaughter has unveiled a clothing brand bearing her name, with promotional photos...
- Don Jr.'s daughter stood near the 79-year-old Republican on Friday wearing one of her brand's pullovers, as he answered reporters' questions outside the White House
- "This is Kai, by the way," he told the Washington press corps, introducing his 18-year-old granddaughter who had given a short speech at last year's Republican National Convention
Business
Turkish Airlines inks big Boeing deal after Erdogan visits US
Istanbul, Turkey -- Turkish Airlines announced on Friday a deal to buy up to 225 Boeing jets, one day after...
- Erdogan-Trump meet raised Ankara's hopes of seeing Washington lift sanctions that since 2020 have blocked it from buying American F-35 fighter jets.
- The measures were imposed in retaliation for Turkey's purchase of the Russian S-400 missile defense system.
Business
Bosch to cut 13,000 jobs
This is a blow to Germany's ailing car sector.
- The cuts, all of which will take place in Germany, represent about 10 percent of Bosch's total workforce in the country.
- Bosch said the layoffs were needed to help make annual savings of 2.5 billion euros ($2.9 billion) in the group's automotive unit.
Emerson to build new automation solutions service center in Qatar
Emerson, a global automation solutions company, said on Wednesday it plans to build a new solutions service center in Qatar's...
Business
Company News
flydubai Aleppo flights resumed
Business
Latest News
Alphabet and Tesla in focus as markets demand more from Big Tech
"Three months ago investors were comfortable funding aggressive AI investment," Gilbert added. "Today they're asking tougher questions. Markets now want...
Analysis
CFI posts record first-half trading volume of $5.34 trillion
Dubai, UAE -- CFI Financial Group said it recorded its strongest first half on record, with trading volume reaching $5.34...
Business
ADNOC Okays $6.2bn Umm Shaif project to expand UAE supply
Dubai, UAE -- Abu Dhabi National Oil Company (ADNOC) has approved a final investment decision (FID) worth $6.2 billion to...
Business
Most Read
Business
Sanad posts record revenue
Growth driven by global demand for services.
- Company expanded engine portfolio to 17 assets and increased annual workforce 44 percent as it broadened aerospace capabilities.
- Sanad invested over $218 million in infrastructure, including new repair and testing facilities, to support long-term aviation growth.
Business
Saudi public investment funds assets rise 20 percent in Q1 to $61 billion
Dubai, UAE -- Assets of Saudi Arabia's public investment funds rose 20 percent year-on-year to SAR231.7 billion ($61.8 billion) in...
- Assets of local funds increased 17 percent from a year earlier to SAR192.1 billion, accounting for 83 percent of total public investment fund assets, Argaam reported.
- Assets of foreign funds, which represented the remaining 17 percent of total assets, rose 35 percent year-on-year to about SAR39.6 billion, according to the report.
Economy
UAE non-oil trade reaches record $527 billion in H1, says Al Zeyoudi
The milestone reflected the success of the UAE's strategy to build a diversified, competitive and open economy while strengthening its...
- He said the performance demonstrated continued international confidence in the UAE economy despite global headwinds and regional geopolitical tensions.
- Al Zeyoudi attributed the growth to the country's expanding trade relationships, supported by its Comprehensive Economic Partnership Agreement (CEPA) programme.