Google launches Project Suncatcher satellite to test solar-powered AI computing in space
Google has launched the first prototype satellite for Project Suncatcher, its research initiative exploring the potential for solar-powered artificial intelligence...
Geostrategy
UN says Gaza faces worst economic crisis, needs $71.5 billion for recovery
The United Nations Conference on Trade and Development (UNCTAD) 92% of its economic establishments damaged or destroyed and more than...
Geostrategy
Economy
Prone to conflict, displacement, climate shocks, investing in cities is a strategy for global stability
Addressing fragility in cities is, therefore, not only a social imperative; it is also a crucial economic consideration. It is...
- Conflict, displacement and climate shocks converge in cities, threatening global stability
- Stable urban systems unlock private sector confidence, strengthen security and create shared prosperity
Economy
China says to launch digital currency action plan
Beijing, China -- China will on January 1 launch an "action plan" for boosting management and operations of its digital...
- The "action plan" will see banks pay interest on balances held by clients in digital yuan -- a move to incentivize broader adoption of the currency.
- The plan also includes a proposal to establish an international digital yuan operations centre in the eastern financial hub of Shanghai, the report said.
Economy
Web Summit Qatar 2026: Doha’s Bid to Become the Next Tech Hub
Early signals hint that Web Summit Qatar 2026 will be its biggest edition yet, with participation expected to outpace the...
- Qatar’s rising ambition to become a global tech hub, high digital adoption, and fast-growing startup support ecosystem has made it the summit’s natural destination
- GCO and the Qatar Investment Authority (QIA) have reinforced that ambition with a series of long-term national programs designed to attract entrepreneurs and global firms
Economy
Saudi Arabia’s high-stakes race toward Vision 2030: Diversifying amid global uncertainty
Moving forward, lower oil revenues will continue to pose challenges to the Saudi economy and its overall targets. Earlier this...
- As non-oil growth accelerates and private investment rises, the Kingdom faces the challenge of sustaining momentum without overstretching its fiscal limits
- Vision 2030 is reshaping the Kingdom’s economy at unprecedented speed, but sustaining growth amid lower oil revenues will test policymakers
Economy
Syria to start replacing currency from Jan 1: central bank chief
Syria's central bank chief said Thursday that the country's currency would start to be replaced with a revamped version from...
- Central bank chief Abdul Qadir al-Hasriya said that "January 1, 2026, is the start date for the replacement process" for the currency
- Hasriya said the move comes at a "pivotal national juncture that reflects the beginning of a new economic and monetary era"
Economy
“New Suez Canal on rails”: Egypt high-speed trains to connect Red Sea, Mediterranean
Workers have started laying tracks in the desert east of Cairo for Egypt's first high-speed train, which will link the...
- The Green Line, as it is known, is the latest of a long list of megaprojects undertaken by El-Sisi's government in the past decade
- The Green Line will run across the country's north, from Ain Sokhna on the Red Sea to Marsa Matrouh on the Mediterranean
Economy
UAE builds resilient economy outpacing skeptics and shocks
From the 1980s onward, the federal government and individual emirates launched broader diversification and liberalization programs to reduce reliance on...
- Decades of strategic diversification, agile governance and private-sector dynamism have turned the UAE into a global benchmark for sustainable growth
- From the oil windfalls of the 1970s to today’s AI-driven economy, the UAE’s long-term vision is delivering fiscal strength, investor confidence and global relevance
Economy
US launches pact for AI supply chains with key Asia-Pacific allies to face China
The United States signed an agreement on the supply chains with key Asia-Pacific allies concerned about China's growing clout --...
- Dubbed the "Pax Silica," adapting the Latin terms for peace and silicon, a key material in AI, the partnership aims to secure supply chains
- China has quickly taken a dominant position in the race for resources in the fast-growing area of artificial intelligence, mining around 70 percent of key rare earths
Economy
MENA emerges as fast-growing global e-trading hub, UAE leads with over half-trillion dollars in volume
The Middle East and North Africa (MENA) region is rapidly becoming one of the world’s most dynamic retail e-trading markets,...
- The study, Trading’s New Horizon: How Access, Innovation and Ambition Are Fuelling MENA’s E-Trading Boom, draws on two years of data from 62,850 verified traders across the region
- The report notes that MENA traders are young, digitally savvy and highly educated, and nearly 86% are aged 18–44, and 64% hold a university degree—far higher than Europe’s 39%
Economy
Qatar’s economic momentum accelerates as diversification gains global recognition
However, Qatar faces downside risks from a deeper global economic slowdown that could weaken energy demand and LNG prices amid...
- World Bank, Standard Chartered, and Moody’s highlight Qatar’s resilience, strong GDP outlook, and rising non-hydrocarbon strength
- Backed by digital transformation, AI investment, and stable credit ratings, Qatar’s non-oil sectors lead regional growth
Google launches Project Suncatcher satellite to test solar-powered AI computing in space
Google has launched the first prototype satellite for Project Suncatcher, its research initiative exploring the potential for solar-powered artificial intelligence...
Geostrategy
Company News
Latest News
Microsoft data highlights Qatar’s rapid Artificial Intelligence growth
The finding place Qatar among the top ten countries globally for practical AI usage. Qatar's AI market reached approximately $59...
Business
China’s foreign exchange reserves rise by $31bn to $3.44 trillion
Dubai, UAE -- China’s foreign exchange reserves rose to $3.4422 trillion at the end of May, their highest level in...
Economy
UN food organization sees global cereal output falling in 2026/27
Dubai, UAE -- Global cereal production is expected to decline by 2% in the 2026/27 season to 2.982 billion tons,...
Economy
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Economy
Fragmenting world economy raises costs beyond geopolitical rivals
A report published by the World Economic Forum (WEF) and consulting firm Oliver Wyman found that fragmentation accelerated through 2025...
- Annual economic losses from fragmentation already total up to $307 billion as tariffs and investment restrictions proliferate globally.
- Emerging economies outside major geopolitical blocs could suffer output losses nearly twice the global average under escalation scenarios.
Business
ChatGPT surpasses 1 billion monthly active users in May
Dubai, UAE -- OpenAI's ChatGPT surpassed 1 billion monthly active users in May, becoming the fastest application to reach the...
- Sensor Tower estimates ChatGPT reached one billion monthly users roughly three years after launching in late 2022.
- Growing enterprise adoption and multimodal capabilities have helped fuel demand amid intensifying competition across artificial intelligence markets.
Economy
UAE GDP reaches $517 billion as economy grows 6.2 percent
Non-oil activities drove growth as construction, finance, real estate and transport sectors posted robust gains, underscoring diversification efforts and long-term...
- Trade remained the largest non-oil contributor, accounting for 16.9 percent of GDP, ahead of finance sectors.
- Officials highlighted investments in technology, innovation and digital economy initiatives as drivers of future readiness.