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Economy

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

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.

Iraq bans Roblox game platform citing ‘moral values’

Iraq has banned US gaming platform Roblox over what it described as sexual content, blasphemy and risks of online blackmail...
  • The popular site, which lets players build their own games, has repeatedly been accused of failing to protect its youngest players in recent years
  • Iraq's communications ministry said late Sunday that it wanted to "protect social order, preserve moral values" and "ensure the safety of internet users in Iraq."

US soliciting new bids for Moon mission amid SpaceX delays: NASA chief

The US space agency's Artemis program hopes to return humans to the Moon as China forges ahead with a rival...
  • Blue Origin is the Jeff Bezos-founded rival of SpaceX. That company currently has the contract for the fifth planned mission of the multibillion-dollar Artemis program.
  • US President Donald Trump's second term in the White House has seen the administration pile pressure on NASA to accelerate its progress.

OpenAI big chip orders dwarf its revenues – for now

New York, United States - OpenAI is ordering hundreds of billions of dollars worth of chips in the artificial intelligence...
  • In less than a month, the San Francisco startup behind ChatGPT has committed to acquiring a staggering 26 gigawatts of sophisticated data processors from Nvidia, AMD, and Broadcom
  • Silicon Valley-based Nvidia has announced plans to invest up to $100 billion in OpenAI over several years to build the world's largest AI infrastructure

China’s power paradox: record renewables, continued coal

Bangkok, Thailand -- Call it the China power paradox: while Beijing leads the world in renewable energy expansion, its coal...
  • China accounted for 93 percent of new global coal construction in 2024, the Centre for Research on Energy and Clear Air (CREA) found.
  • China wants 3,600 gigawatts of wind and solar by 2035, but that may not meet future demand, risking further coal increases.

Non-Human Identities: How Agentic AI is creating a new, unseen frontier in enterprise cybersecurity risk

Adept at grasping context, planning and adaptive problem-solving, the agentic AI execute complex, multi-step processes with minimal human intervention or...
  • In order to interact with different systems on our behalf, agentic AI has given rise to non-human identities (NHIs)
  • The proliferation of NHIs in security blindspots, including leveraging cryptography assets, vastly increases the attack surface for malicious actors

OpenAI halts MLK videos as deepfakes spark outrage

Washington, United States -- OpenAI has suspended its Sora 2 artificial intelligence tool from creating videos of civil rights icon...
  • The slain civil rights leader's estate and OpenAI said the company would pause generations depicting King while it "strengthens guardrails for historical figures."
  • Videos reanimating other dead figures including Malcolm X, Michael Jackson, Elvis Presley and Amy Winehouse have flooded social media since Sora 2's launch on September 30.

Building a secure future: Key takeaways from WEF’s Dubai meetings

The Annual Meeting on Cybersecurity, held jointly with the Global Future Councils, focused on strengthening global cooperation to enhance digital...
  • It convened over 500 experts from government, business, civil society and media, together with 150 of the world’s foremost cybersecurity leaders.
  • Participants identified key innovations, policies and business models that could drive meaningful and sustainable economic growth.

Asian markets rally as Fed cut hopes trump trade war fears

Stocks jumped Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the...
  • After a volatile couple of days characterised by a fresh flare-up in China-US tensions, investors took the opportunity to jump back into the market and resume a months-long rally
  • Powell has for most of the year walked a fine line between trying to keep a cap on US inflation while also supporting the labour market, even as he faced abuse from President Trump

IMF lifts 2025 global growth forecast, warns of ongoing trade ‘uncertainty’

In its flagship World Economic Outlook (WEO) report -- compiled before the most recent US-China tariff spat -- the IMF...
  • The global inflation rate is expected to remain elevated at 4.2 percent this year, and 3.7 percent in 2026.
  • The IMF raised its prospects for economic growth for the United States, the world's largest economy, by 0.1 percent this year and next, to 2.0 percent in 2025.

WEF’s Dubai Summit tackles existential digital risks

DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...
  • The meeting will inform and drive collaborative solutions to shared challenges.
  • This year’s meetings will provide much-needed space to navigate uncertainty, decode emerging trends and strengthen resilience.

The shift from innovative to native: Unlocking where real AI value lies

There are, of course, technical hurdles to overcome, too, one of which is modernizing legacy systems. Many enterprises still operate...

Latest News

Jobs and investment top MENA expectations from multinational firms, Ipsos finds

As geopolitical turbulence grows, companies are increasingly at the mercy of forces beyond corporate leadership’s control.

Citizen-consumers are redefining the global reputation of multinationals: Ipsos study

The report, Impacts of Multinational Corporations: What Citizen-Consumers Want from Foreign Companies Doing Business in Their Country, draws on a...

Governments must put creativity at the center of economic strategy: Report

Titled Creative Futures: The Springboard for Sustained Economic Growth and Diversification, the report argues that cultural and creative industries —...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Gaming, esports GCC’s new growth play

Saudi Arabia and the UAE are leading the gaming surge with world-class ecosystems and youth-driven expansion. Across the region, governments...
  • Flagship events such as the Dubai Esports Festival and the BLAST Premier World Final, hosted by AD Gaming, have elevated the UAE’s global standing.
  • With nearly 71 percent of the population under the age of 35, Saudi Arabia’s youth form the foundation of its gaming transformation.

Gold, silver prices tumble as investors soothed by Trump’s Fed pick

Gold and silver prices dived Friday, European stock markets ended the week up while Wall Street fell slightly with investors reassured...
  • Precious metals prices tumbled on Friday after surging in recent days when investors sought a safe haven over doubts about Trump's policies
  • Silver, which Thursday reached an all-time peak above $120 an ounce, shed 20 percent meanwhile in sliding down to $90 an ounce

How Doha is Building a Knowledge Economy 

By pairing sovereign capital with frictionless regulation, Doha reversed the startup playbook, attracting investors and founders first, then letting an...
  • Qatar is using Web Summit not as an event, but as the organising backbone of a national startup and knowledge economy
  • Rapid growth in attendance, startups, investors and female founders signals accelerating ecosystem momentum