Nvidia tops $4 trillion as US stocks shrug off latest tariffs
After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
Business
Meta’s AI talent war raises questions about strategy
New York, United States -- Mark Zuckerberg and Meta are spending billions to recruit top artificial intelligence talent, triggering debates...
Business
FED keeps interest rates unchanged
The Federal Reserve kept interest rates at the current target range of 4.25 percent to 4.50 percent after its January meeting, according...
- Inflation is still deemed ‘somewhat elevated’
- The euro fell to 1.04 against the US dollar following announcement
World Economic Forum
Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
- Lithium-sulfur batteries are about half the weight of a lithium-ion batteries, but they have twice the energy density.
- These batteries work better in heat and, therefore, will be better suited to tropical countries that are expected to grow at a much faster pace.
Economy
‘Middle East is a promising area with a lot of initiatives going on in the UAE, Saudi Arabia’
Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson,...
- The Middle East is emerging as a key investment hub, with the UAE, Saudi Arabia, and Qatar leading ambitious initiatives, Hanson tells TRENDS in an exclusive interview
- Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, he adds
Economy
NHC signs strategic deals worth $8 billion at the opening of Real Estate Future Forum 2025
Riyadh, Saudi Arabia - The National Housing Company (NHC) has signed a series of agreements, deals, and memoranda of understanding...
- The agreements included a memorandum of understanding with the Saudi Ministry of Industry and Mineral Resources to enhance collaboration in supply chains
- In another key agreement, a memorandum of understanding was signed with King Abdulaziz City for Science and Technology (KACST)
Economy
Davos2025: 33 industrial clusters from 16 countries commit to economic growth, jobs creation and emissions cuts
The Transitioning Industrial Clusters initiative aims to improve collaboration and develop a shared vision among co-located companies and public institutions,...
- The initiative’s 33 members from 16 countries represent combined potential greenhouse gas emissions reductions comparable to the annual emissions of Saudi Arabia
- A new report highlights the critical role that industrial clusters play in accelerating the deployment of clean-energy infrastructure at scale worldwide
Economy
Exclusive: ADP’s Nela Richardson on how AI is reshaping the global workforce
Davos Switzerland - The rapid adoption of AI and automation is redefining labor markets, reshaping industries, and transforming skills globally,...
- Drawing from insights in the Future of Jobs Report 2025, Dr. Richardson emphasized the dual forces of opportunity and risk that AI introduces to labor markets
- Reflecting on the findings of the report, Dr. Richardson highlighted the critical gaps that need to be addressed, including the skills gap and the employers-employee disconnect
World Economic Forum
Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria
Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial...
- The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global challenges with innovative solutions tailored to national and regional needs.
- Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed.
Economy
WEF25: Saudi delegation calls for nations to put “greater good” first
The international community must prioritize cooperation and dialogue to overcome the challenges of a fragmented world, the Saudi delegation to...
- Saudi Arabia urges global cooperation and prioritizes private sector-led economic diversification
- Key initiatives focus on AI, sustainability, and transforming industries for future growth
Billionaires on the rise globally- Oxfam Davos report
In its latest annual inequality report, “Takers Not Makers”, Oxfam explores how most billionaire wealth is taken, not earned. At least five...
- At least five trillionaires are now expected within a decade
- In 2024, the number of billionaires rose to 2,769, up from 2,565 in 2023
Business
EXCLUSIVE: AI agents to reshape the future of work, says CEO Automation Anywhere
Davos, Switzerland: AI agents are set to revolutionize the way businesses operate, with tasks being divided into autonomous, AI-assisted, and...
- Mihir Shukla reveals AI agents will revolutionize work, blending autonomous, assisted, and manual tasks
- The company operates 300 million AI agents globally, with a growing presence in the Middle East
Nvidia tops $4 trillion as US stocks shrug off latest tariffs
After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
Business
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Chief Economists warn global growth under strain from trade policy shocks and AI disruption
The global economic outlook has worsened since the start of the year, as rising economic nationalism and tariff volatility fuel...
Economy
OPEC+ ministers, led by Saudi Arabia and Russia, meet as oil output hike looms despite falling prices
The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and...
Economy
OPEC+ expected to open taps more despite price slump
The Organization of the Petroleum Exporting Countries and their allies - collectively known as OPEC+ - have justified their change...
Economy
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Economy
Trump fires new 50% tariff threat at EU, drawing stiff response
Washington, United States - President Donald Trump rekindled the US trade war on Friday, threatening to impose a 50 percent...
- If they come into effect, the new duties on Brussels would dramatically raise Washington's current baseline levy of 10 percent
- The US president has also introduced sector-specific measures on automobiles, steel and aluminum not produced in the United States
Business
Trump threatens Apple with a 25% tariff if iPhones aren’t made in US
Washington, United States -- US President Donald Trump on Friday threatened Apple with a 25 percent tariff if the iPhones...
- Trump's sweeping tariffs on major US trading partners have roiled global markets and upended international commerce.
- Trump's comments Friday echo statements he made last week while on a trip to Qatar, urging Apple to bring iPhone production to US shores.
Economy
UAE-Morocco consortium sign $14 billion worth of energy, water infrastructure projects
Morocco on Monday signed deals with an Emirati-Moroccan consortium for energy and water infrastructure projects, which according to one of...
- The projects aim to "strengthen both water security and energy independence" in Morocco, the signatories said in a joint statement
- The total investment amounts to nearly 130 billion dirhams by 2030, Taqa Morocco said in a separate statement