Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
Masdar, ScottishPower complete foundations at East Anglia THREE
Abu Dhabi Future Energy Company PJSC (Masdar) and ScottishPower Renewables have completed installation of all 95 foundations at the £4...
Business
Business
Tariffs could lift Boeing and Airbus plane prices even higher
New York, United States -- Commercial plane prices, already lifted in recent years due to pandemic supply chain shocks, are...
- The American and European aerospace giants have grappled with higher expenses for primary materials such as titanium, components and energy, as well as overall labor cost pressures
- To resolve a labor strike, Boeing late last year agreed to a new contract with its Seattle-based machinist union that lifted wages by 38 percent over four years.
Saudi Arabia’s merchandise imports rise 8 percent to $19.34bn in Jan
Riyadh, Saudi Arabia -- Saudi Arabia’s merchandise imports increased 8 percent year-on-year (YoY) to SAR 72.6 billion ($19.34 billion) in...
- Merchandise imports fell by 8 percent, or nearly SAR 6.4 billion, month-on-month (MoM).
- Saudi Ar.abia’s imports came mainly from China in January 2025, at SAR 19.2 billion (26 percent) of the total.
Geostrategy
Chinese vent anger at Trump’s trade war with memes, mockery
Beijing, China -- While China's leaders use their economic and political might to fight Donald Trump's trade war "to the...
- Defiant posts have shot to the top of most-searched lists on social media, flooding platforms with patronizing comments and jokes.
- In one video, a Chinese internet user opens his hands to reveal what goods he buys from the United States -- nothing.
Business
Google has illegal monopoly in ad tech, US judge rules
Washington, United States - A US judge on Thursday ruled that Google illegally wielded monopoly power in the online ad...
- The federal government and more than a dozen US states filed the antitrust suit against Alphabet-owned Google
- It is one of two federal suits targeting Google that could ultimately see the company split up and curb its influence
Business
TSMC first-quarter net profit soars
Its net revenue for the quarter soared nearly 42%.
- TSMC is the world's largest contract maker of chips that have become the lifeblood of the global economy, powering everything from smartphones to missiles.
- Demand for chips has soared in recent years with the growth of AI, but there are fears that Trump's far-reaching tariffs could drive up consumer prices and hurt chipmakers.
Opinion
Future-proofing hospitality asset value needs financial rigor with emotional intelligence
The GCC’s luxury hospitality sector has become a global benchmark, yet behind every polished facade lies an increasingly complex financial...
- Real estate-backed assets that offer a blend of long-term capital appreciation and recurring revenue are especially attractive in today’s market, says Victor.
- Guests increasingly want to know what a hotel stands for: how it treats its staff, where it sources its ingredients, and whether its promises around sustainability hold up.
Business
Meta to start using Europeans’ data for AI training May 27
Paris, France -- Meta will start using public posts and comments by its European users to train generative artificial intelligence...
- Meta, the owner of Facebook, Instagram and Threads, said earlier it would develop its AI models with European users' public content and conversations with the Meta AI chatbot.
- That means anything from Instagram photo captions to Facebook comments could soon be fair game for Meta AI, though private conversations via WhatsApp will be excluded.
Business
Bank credit to Saudi public and private sectors up by $105 billion: SAMA
Riyadh, Saudi Arabia -- Total bank credit granted to the public and private sectors in Saudi Arabia reached its highest...
- Total bank credit recorded a monthly growth of 1.2%, increasing by SAR 37.035 billion compared to last Jan, when it stood at SAR 3.005 trillion.
- The bank credit granted to the public and private sectors was distributed across more than 17 diverse economic activities.
Business
Nvidia expects $5.5 bn hit as US targets chips sent to China
Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing...
- US officials last week told Nvidia it must obtain licenses to export its H20 chips to China because of concerns they may be used in supercomputers there
- Shares of Nvidia, which have already seen high volatility since Trump's April 2 tariffs announcement, were down over six percent in after-market trades
Business
Denmark’s Royal Unibrew adds AI colleagues into workforce
Fakse, Denmark -- They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only...
- Royal Unibrew in Denmark has introduced five virtual AI colleagues with names and backstories to assist human employees with routine tasks and information retrieval.
- The company reports increased engagement since adding photos to the AI agents, and employees interact with them through chats and emails for enhanced efficiency.
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
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Dubai RTA digital revenue climbs 20.6 percent in 2025
Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) generated AED5.3 billion ($1.44 billion) in revenue through digital channels in...
Business
Middle East conflict drags global air travel demand lower
Revenue passenger kilometers (RPK), the industry's measure of demand, declined 3.4% year-on-year, while available seat kilometers (ASK), a measure of...
Business
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Business
Visa expands AI-driven payments program across CEMEA region
Visa launched its global Agentic Ready program in the United Arab Emirates on Wednesday, expanding efforts to support artificial intelligence-driven...
- UAE financial institutions including Emirates NBD, Mashreq and ADCB joined the first phase of the AI commerce program.
- Visa research found nearly 60% of UAE businesses are exploring agentic commerce applications and AI-driven transaction models.
Business
UAE property market enters more sustainable growth phase
The UAE real estate market entered a more measured and mature phase in the first quarter of 2026 after the...
- Abu Dhabi recorded about 7,800 residential deals in Q1, up 119% year-on-year amid sustained investor demand.
- Dubai apartment deliveries exceeded 10,000 units monthly as developers maintained large residential construction pipelines.
Business
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...
- Emirates said the Dubai South complex will include simultaneous servicing capacity for 28 wide-body aircraft and two specialized paint hangars.
- The facility targets LEED Platinum sustainability standards with rooftop solar installations, expanded logistics infrastructure and engineering training facilities nationwide.