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Alujain widens 2025 loss

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

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

UAE firms accelerate AI transformation, new report finds

The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for...

Imane Ayissi brings African tradition to Paris couture

PARIS, FRANCE - Imane Ayissi is on a mission to put authentic African textiles in the spotlight but faces an uphill...
  • Ayissi in 2020 became the first designer from sub-Saharan Africa at haute couture week and seeks to resurrect more traditional fabrics like rafia.
  • Such fabrics are drawn from local trees and plants, that were used before the African market was flooded with imports during the colonial period.

European market up on record-busting Wall Street

A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500...
  • "European indices are pushing higher... as optimism over the direction of US earnings provide a tailwind behind tech stocks in particular," an expert said.
  • Back in Asia, Tokyo was the main winner again, extending its blockbuster start to the year thanks to a weaker yen and rising Japanese inflation.

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
  • Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
  • Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.

Bahrain Q4 2023 imports increase to US$3.92bn

MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...
  • The top 10 countries accounted for 69 percent of Bahrain's total export value.
  • The value of exports with national origin was of $2.89 billion during Q4 2023.

Alef Group announces US$84m sales transaction at ACRES 2024

SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...
  • ACRES Exhibition is a unique global Arab platform which brings together major investors and businessmen.
  • This is evident in the success achieved by the ACRES over its successive sessions since its launch in 2008.

ACRES 2024 concludes, deals worth $381 million inked

Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...

Threat of AI-powered phishing is on the rise

"Technologies such as Generative AI presents new security challenges. The rise of automated spear phishing necessitates reevaluating our trust heuristics....
  • Generative AI is driving a surge in sophisticated spear phishing, automating attacks via social media scraping and credential stuffing, transforming the cybersecurity landscape.
  • The emergence of tools like WormGPT and FraudGPT on the dark web, coupled with cybercrime's ranking as the world's third-largest economy, is fueling innovative phishing techniques.

Alhokair Group wins $202m contract

Alpha Facilities Contracting Company has awarded the contract.
  • The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.
  • It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.

Fit at 40: the revolutionary Apple Mac in numbers

Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...
  • The first Mac came with 128 kilobytes of memory space, one million times less than top-of-the-line MacBooks today
  • Apple paid a whopping $800,000 ($2.5 million in today's money) to air the one-minute ad, seen by 77.6 million TV viewers

Do Kwon’s Terraform Labs files for US bankruptcy

Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...
  • Kwon faces fraud charges in both countries related to the crash
  • According to the filing, Kwon holds 92 percent of Terraform's shares

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...

Latest News

SeaWorld Yas Island, Abu Dhabi wins Guinness World Records

ABU DHABI, UAE – SeaWorld Yas Island - the region’s first Marine Life Theme Park here -, has won a...

Spain grabs 3% Telefonica stake after concerns over Saudi deal

Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking...

Saudi RCU begins rock excavation for Sharaan Resort in AlUla

ALULA, SAUDI ARABIA – The Royal Commission for AlUla (RCU) has marked a significant milestone in the development of the...

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Olympics tech firm Atos posts huge loss

The company posted a net loss of US$3.7 billion for 2023.
  • The company reported a net loss of 3.4 billion euros ($3.7 billion) for 2023 due to asset writedowns and said it was aiming for a debt restructuring by July
  • Atos, the International Olympic Committee's technology partner since the Salt Lake City winter games in 2002, is in charge of managing more than 300,000 accreditations

Alibaba Cloud opens training center in Dubai

It will be a hub for customers to lift up "digital competence."
  • The training centre will empower Alibaba Cloud’s ecosystem partners and customers through delivering training, workshops, and certifications
  • The program corresponds with the Dubai Economic Agenda D33's goal to double Dubai's economy through digital transformation contributions

OPEC chief calls for more investments in oil industry to meet energy demand

Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...
  • Al Ghais said the investments are crucial for ensuring reliable energy supplies for current and future generations
  • At the same time, the secretary general noted the organisation's active involvement in climate change negotiations