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ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Kamco Invest launches two funds

Kamco's assets under management surpass SAR 1bn.

Asia shares edge up and dollar down; oil gains

Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...
  • Oil prices climbed 0.8% after Israel and Hezabollah traded rocket salvos
  • The dollar slipped a further 0.5% to 143.64 yen, having fallen 1.3% on Friday

Telegram chief Pavel Durov arrested at French airport: officials

Paris, France - French police arrested Telegram chief executive Pavel Durov on Saturday at an airport near Paris for alleged offences...
  • The Franco-Russian billionaire, 39, was detained at Le Bourget airport north of the French capital on Saturday evening, one of the officials told AFP
  • "Enough of Telegram's impunity," said one of the investigators, adding they were surprised Durov came to Paris knowing he was a wanted man

China’s robot makers chase Tesla to deliver humanoid workers

Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids...
  • Annual global market for humanoid robots could reach $38 billion by 2035
  • Tesla, reiterated it expected to move beyond prototypes to start producing Optimus in small volumes next year

Anthropic hit with class-action lawsuit over copyright infringement

Anthropic, the Amazon-backed artificial intelligence startup, on Monday, was hit with a class-action lawsuit in California federal court over alleged...
  • "An essential component of Anthropic’s business model is the larges scale theft of copyrighted works"
  • This case follows another lawsuit brought against Anthropic last October by Universal Music

Boeing suspends 777X flight tests after part failure, its latest quality control issue

New York, United States - Boeing has suspended flight testing of its new 777X wide-body jet after identifying the failure of...
  • Boeing has been beset in recent years with concerns about safety and quality control, with a near-catastrophic incident on an Alaska Airlines Boeing 737 MAX in January
  • Boeing's new chief executive Kelly Ortberg, 64, took over earlier this month on a pledge to restore trust in the embattled manufacturer

Social media platform X to shutter local operations in Brazil

Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the...
  • A post Saturday from X's Global Government Affairs department said Moraes had "threatened our legal representative in Brazil with arrest if we do not comply with his orders."
  • It said the office closure was necessary "to protect the safety of our staff," adding, "the responsibility lies solely with Alexandre de Moraes."

Crypto crime drops 19.6% as digital ecosystem matures

Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the...
  • Research by Chainalysis found that flow of crypto funds to legitimate services has reached their highest levels since 2021
  • Aggregate illicit activity over the same period fell by an impressive 19.6 percent

West tells Iran to ‘stand down’ Israel attack threats; Tehran says ‘no way’

With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...
  • Iran and its Lebanese ally Hezbollah have vowed revenge for the killings of Ismail Haniyeh and Fuad Shukr
  • The White House warned that a "significant set of attacks" by Iran and its proxies was possible as soon as this week

Apple makes changes to App Store after EU warning

From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...
  • The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay
  • This makes Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act

Oman, China bilateral trade grows by 8% to $15bn till May

 The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in...
  • The major projects in Oman are in new energy, mining, electricity generation, IT and communications
  • Chinese investments in Oman stood at over US$6.6bn

Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks

In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...

Latest News

Troubled Boeing faces investors and awaits strike vote

Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...

Microsoft unveils autonomous AI agents for business tasks

San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...

Netflix adds millions of subscribers but growth slows

San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter...

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Riyadh Season 2024 signs sponsorship agreements with local, global partners

Riyadh, Saudi Arabia-- A signing ceremony for Riyadh Season 2024 sponsorships was held on Thursday at Via Riyadh. General Entertainment...
  • Riyadh Season provided a sponsorship worth SAR2 million to the Association of Saving Food
  • It is a major opportunity for companies to achieve maximum exposure in global and local markets

US considering Google breakup following monopoly ruling

The US Department of Justice (DOJ) made recommendations for Google’s search engine business practices on Tuesday, according to US media....
  • Structural remedies that would prevent Google from using products such as Chrome, Play, and Android
  • Google will likely appeal, drawing out the process potentially for years

UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment

Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
  • Located approximately 350 kilometres northwest of Cairo, the Ras El Hekma project has garnered significant interest from Emirati investors
  • Modon Holding, the master developer for the Ras El Hekma megaproject, will steer the project in partnership with prominent partners from Egypt