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Business

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Nvidia expands AI empire with Groq talent grab

San Francisco, United States -- Nvidia has hired the leadership of a promising AI chip startup, a statement said Wednesday,...

Content creation key to awareness, culture, human development: Dubai ruler

Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...
  • The three day 1 Billion Followers Summit is being held in the UAE at Emirates Towers, the Dubai International Financial Centre, and the Museum of the Future in Dubai,
  • For the first time globally, leading platforms including Snapchat, X, YouTube, TikTok, LinkedIn, and Meta (Facebook, Instagram, WhatsApp) have come together in one place

Over 300 keynotes, panels, main sessions at 1 Billion Followers Summit’s third edition

Dubai, UAE - The third edition of the 1 Billion Followers Summit, the world’s first and largest event dedicated to...
  • The Summit, organized by the UAE Government Media Office, will be hosted in the UAE from 11th to 13th January 2025
  • Participants will discuss strategies for expanding the creative industry and enhancing its contribution to development plans, both regionally and globally

Dubai vs Doha: The Battle for Creator Economy Supremacy and Innovation in the Middle East

Dubai’s aggressive initiatives like the 1 Billion Followers Summit and specialized creator visas put it ahead in attracting global talent,...
  • Dubai is aggressively positioning itself as a global hub for the creator economy, leveraging infrastructure, regulations, and location
  • Doha’s Qatar Media City aims to attract media and digital companies, establishing the city as a regional innovation hub

2025 IT Security Predictions

Cloudflare, a leading connectivity cloud company recently published an Op-Ed by Grant Bourzikas, CSO, tackling IT security predictions for 2025
  • Hyper-focus on “digital transformation” over the past few years has left security in the dark
  • As disinformation continues to plague society, it will begin to trickle into AI models

All six lines of Riyadh Metro are now operational

The Royal Commission for Riyadh City (RCRC) announced that the phased rollout of Riyadh Metro culminated as of Sunday, Jan....
  • The Royal commission announced the operation of three new stations on the Blue Line
  • Riyadh Metro users will be received from 6:00 am until 12:00 midnight

Honda and Nissan expected to begin merger talks

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...
  • Their collaboration would create the world's third-largest automaker
  • Honda and Nissan's partnership could include a manufacturing tie-up

Hackers stole US$2.2bn in crypto through 2024, Chainalysis Research

Crypto hackers stole US$2.2bn worth of crypto. This amount was a 21 percent yoy increase, the fourth consecutive year they...
  • This stolen amount represents a 21 percent year-on-year increase
  • Private key compromises accounted for the largest share of stolen crypto in 2024, at 44 percent

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...
  • Cybersecurity in 2024 focused on talent gaps, emerging tech, and resilience
  • Public-private efforts tackled cybercrime and evolving digital threats

Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow

As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...
  • The event, under the high patronage of French President Emmanuel Macron, brings together governments, businesses, and visionaries
  • By working together, France and the Arab world have the opportunity to shape the future

AI as the next frontier: Opportunities for channel partners to lead the way

AI offers an infinite number of selling and upselling opportunities. Resellers with the right strategic long-term approach will clearly develop....
  • A strategic approach to AI integration is key for channel partners looking to capitalize on the transformative potential of this technology within their service portfolios
  • Delivering end-to-end AI solutions in another edge - spanning consulting, implementation, and ongoing support - emphasizes the partners' comprehensive service capabilities

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Latest News

ADNOC completes $316 million sale of ADNOC L&S shares

ABU DHABI – Abu Dhabi National Oil Company (ADNOC) has sold a 3 percent stake in its logistics and shipping...

Labubu fans flock to stores after launch of mini dolls

Beijing, China -- A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck...

Ajman records real-estate deals worth $381 million in July

Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025....
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Creators HQ attracts 2,415 active members from 147 countries

Dubai, UAE -- Dubai’s Creator HQ, the first headquarters for content creators in the UAE and the Middle East, has...
  • The initiative aims to position the UAE as a global hub for the content economy, with a target of 10,000 creators in its next phase.
  • The headquarters also reports that 78 global content companies from 24 countries have relocated to the UAE.

Buraidah date carnival boosts Saudi tourism and economy

Buraidah, Saudi Arabia -- The Buraidah Date Carnival witnessed growing economic and tourism activity, making it a key destination for...
  • The event combined morning date auctions with a variety of cultural and entertainment activities held in the evening at the King Khalid Cultural Center.
  • The carnival offered visitors the chance to explore Buraidah’s historical and cultural landmarks through tourist bus tours.

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