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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.

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

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

Social media’s evolving role in GCC spotlighted at Doha conference

Doha, Qatar – The Qatar Investment and Innovation Conference, held on Wednesday, at Barahat Msheireb in Msheireb Downtown Doha, brought...
  • The conference, co-hosted by Msheireb Properties and The Business Year, explored critical themes critical to the GCC’s position as a leading investment hub
  • Julien Hawari, CEO of Million and Sirius Lab, highlighted key social media trends in the region, such as the rise of content driven by younger, tech-savvy demographics

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...
  • Named in honour of the President Sheikh Mohamed bin Zayed Al Nahyan, the satellite was announced in 2020 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
  • MBZ-SAT marks a significant milestone in the UAE's satellite development journey, having been developed entirely by Emirati engineers at MBRSC

UAE’s tech industry set to achieve record growth in 2025

Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion...
  • The UAE has strengthened its position on the global map as an innovation-driven destination for the expansion of both global and emerging tech companies
  • International reports predict that the tech sector will continue to grow in areas such as artificial intelligence (AI), cloud computing, and emerging technologies like blockchain

Global workforce transformation by 2030: WEF predicts 78 million new jobs amid disruptive changes

The widening skills gap challenges employers, with over 59% of the workforce needing reskilling while millions risk redundancy due to...
  • One of the most pressing challenges identified by the report is the widening skills gap, with 63% of employers citing it as a significant barrier to transformation
  • Upskilling remains the preferred strategy for workforce adaptation, with 77% of employers planning initiatives to enhance their employees' skills

Study: Legacy technology not impeding adoption of AI and Machine Learning in UAE and Saudi Arabia

Manufacturers see AI as critical for decarbonization (66%), improving ESG scores, energy monitoring (55%), advancing digital twins (68%), and enabling...
  • The study, conducted by S&P Global Market Intelligence, surveyed over 120 digital transformation leaders from the utility, data center, building, and manufacturing sectors
  • It reveals that only 23% of respondents in 2024 identified legacy technology as a significant impediment to digitalization, a notable decrease from 33% in 2022

How public-private partnerships can ensure ethical, sustainable and inclusive AI development

Public-private partnerships (PPPs) address AI bias by combining ethical guidelines with technological auditing tools. Governments set accountability frameworks, and companies...
  • The rapid pace of AI development, growing awareness of its societal impact and the need to harness AI for good makes bridging the 'AI divide' essential
  • By collaborating, stakeholders can ensure AI advances responsibly, equitably and for the greater good, helping to build a more just and sustainable future for all

Advanced nuclear technologies and their role in the energy transition

New policies, public trust, and partnerships are crucial to accelerating these nuclear solutions. Platforms like the Forum’s Advanced Energy Solutions...
  • Nuclear energy is experiencing a renaissance but concerns around safety and cost remain
  • Advanced nuclear technologies can help address these concerns but some are only in the early stages of realization

Battle of the Tech Hubs

The GCC is competing to build world-class technology hubs, investing heavily in AI, infrastructure, and sovereign capital to drive digital...

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UNGA80: World leaders to discuss framework for inclusive, accountable AI governanc

As there is no recognised body to govern AI on a global level, world leaders will gather in New York...

After Japanese Softbank, US Govt, Chip-maker Nvidia to buy stake in rival Intel

Shares in chipmaker Intel skyrocketed on Thursday after AI giant Nvidia announced it would invest $5 billion in its struggling...

Scientists train AI model to predict future illnesses

Paris, France - Scientists said Wednesday that they had created an AI model able to predict medical diagnoses years in...
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INSEAD Day 4- 300x600

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MBZUAI, G42 launch K2 Think: Leading open-source system for advanced AI reasoning

Abu Dhabi, UAE -- The Institute of Foundation Models at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and G42...
  • K2 Think embodies a new approach to building smarter, more efficient AI, as with just 32 billion parameters, it outperforms flagship reasoning models that are 20X larger.
  • This breakthrough in parameter efficiency makes K2 Think a powerful alternative for advanced reasoning, redefining what is possible with compact architectures

AI giant Anthropic to pay $1.5 bn over pirated books

San Francisco, United States - Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over...
  • "This landmark settlement far surpasses any other known copyright recovery," said plaintiffs' attorney Justin Nelson. "It is the first of its kind in the AI era."
  • San Francisco-based Anthropic announced this week that it raised $13 billion in a funding round valuing the AI startup at $183 billion

Norway experiments with electric plane in real-life test

Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...
  • The small aircraft -- an Alia built by US aircraft manufacturer Beta -- flew the 160 kilometers in a test run by the Norwegian affiliate of the transport company Bristow.
  • The flight took 55 minutes and simulated a cargo flight route in southeastern Norway.