Tabadul trading value reaches $3.68 billion in H1 2026
Abu Dhabi, UAE -- Tabadul, the regional cross-border trading and market connectivity platform, recorded a record trading value of AED13.5...
Business
Saudi Arabia Railways launches 5 new logistics routes
Riyadh, Saudi Arabia -- Saudi Arabia Railways (SAR) has launched five new logistics routes designed to enhance supply chain efficiency...
Geostrategy
Geostrategy
UAE says will invest up to $50 billion in Canada
The fresh North American investment pledge came after UAE President Mohamed bin Zayed Al Nahyan promised in May to pump...
- Under the terms of the agreement, the UAE will invest in energy, artificial intelligence, logistics, mining and other priority national and strategic industries in Canada.
- Foreign direct investment stock from the UAE in Canada stood at $8.8 billion in 2024, while Canadian direct investment stock in the UAE totaled $242 million that same year.
Geostrategy
COP30 deal under threat as nations clash over fossil fuels
The draft text unveiled by COP30 host Brazil made no mention of "fossil fuels" or the word "roadmap" that President...
- Divisions remain not just over fossil fuels but trade measures and finance for poorer nations to adapt to climate change and move to a low-carbon future.
- More than 30 countries had warned in a letter to Brazil that they would reject any deal that did not include a plan to move away from fossil fuels.
Business
AMD, Cisco, and HUMAIN partner to build 1 GW AI infrastructure in Saudi
Washington, DC., US – AMD, Cisco, and HUMAIN, a PIF-backed company delivering full-stack AI solutions, have announced plans to establish...
- The joint venture, which will begin operations in 2026, will combine HUMAIN’s advanced data centers with AMD and Cisco technologies.
- AMD and Cisco will act as exclusive technology partners, contributing their products and services to develop up to 1 GW of AI infrastructure by 2030.
Geostrategy
COP30 dragged into clash over gender language
Negotiators say the effort -- by Paraguay, Argentina, Iran, Indonesia, Malaysia as well as the Holy See -- seeks to...
- The issue has become so sensitive that COP30's Brazilian presidency has elevated it from technical negotiations to a higher political level.
- At stake is a revamped Gender Action Plan (GAP) meant to guide work for the next decade, including efforts to mainstream gender across climate programs.
Business
Italy’s Leonardo launches joint venture with UAE defence firm
Milan, Italy -- Italian defense group Leonardo said Wednesday it had agreed to launch a joint venture next year with...
- Details of the sectors covered by the joint venture have yet to be announced.
- But it will cover a range of Leonardo's solutions "spanning sensors, system integration, and platforms", the Italian group said in a statement.
Business
Flydubai inks $13bn Boeing deal for 75 jets as city’s airlines build up
State-owned flydubai and its long-haul partner airline, Emirates, have been the chief deal-makers at this week's Dubai Airshow, the largest...
- Dubai, the UAE's commercial jewel, will soon start work on a new airport with capacity for a world-leading 150 million passengers a year, slated to open in 2032.
- Dubai's current international airport announced a record quarter of 24.2 million passengers. The facility has been the busiest for international passengers for the past 11 years.
Business
Emirates orders 65 more Boeing 777X planes despite delays
Dubai, UAE -- Emirates, the Middle East's biggest airline, topped up its order of Boeing 777X planes on Monday despite...
- The order of 65 777-9s, valued at $38nn including engines, came despite last month's announcement that delivery was now due in 2027 -- seven years behind the original schedule.
- Emirates, already the biggest customer for the Boeing 777, now has 270 777X, 10 777 freighters and 35 Boeing 787s on order.
Geostrategy
Carney’s UAE mission: A new era for Canada’s global trade ambitions
The latest visit of the Canadian PM is a part of his efforts to find new markets for his nation’s...
- With US tariff uncertainty looming, Ottawa turns to the Gulf to secure diversified markets and deeper investment ties.
- Carney’s economic diplomacy meets the UAE’s diversification drive, opening pathways in energy, agriculture, AI, and advanced technology.
Geostrategy
Israel receives bodies of two more hostages returned by Hamas
The issue of hostage bodies still in Gaza has become a sticking point in the ceasefire implementation, with Israel linking...
- Relief agencies have called for the Rafah border crossing from Egypt to be reopened to speed the flow of food, fuel and medicines.
- Gaza rescuers, meanwhile reported fresh violence in some areas despite the truce.
Arts & Culture
Wed by app: Abu Dhabi launches virtual marriage for all
Dubai, United Arab Emirates -- Couples from anywhere in the world can now get married using the Abu Dhabi government's...
- The idea of online marriage is still in its infancy, with Ukraine launching a service last year allowing couples separated by war to tie the knot using its government app.
- The United Arab Emirates experimented with allowing online ceremonies for people living in the country during the Covid-19 pandemic.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Tabadul trading value reaches $3.68 billion in H1 2026
Abu Dhabi, UAE -- Tabadul, the regional cross-border trading and market connectivity platform, recorded a record trading value of AED13.5...
Business
Company News
Latest News
Lessons from Davos: From digital health tools to health intelligence
Despite ongoing disagreements over economic and geopolitical shifts, there remains a strong commitment to collaboration, says Andrew Moose, Head of...
Interview
Gold tops $5,000 for first time on Trump policy unrest
While turbulence over Trump's ambitions for Greenland and pressure on the Federal Reserve have provided the most recent support for...
Business
Qadi partners with Core42 to power sovereign AI compliance platform
Qadi, the Middle East’s first sovereign regulatory compliance platform, has partnered with Core42, a G42 company, to power its artificial...
Business
Most Read
Opinion
To build a knowledge economy, the GCC must bet on its young minds
In Saudi Arabia, more than 60 percent of the population is under 30, and across the GCC, over 50 percent...
- This generational shift has been accelerated by national visions across the GCC, from Saudi Arabia’s Vision 2030 to Bahrain’s Economic Vision 2030.
- The dynamic, which combines wisdom and creativity, is precisely what national visions need to scale.
Business
Saudi’s Humain secures $1.2 bn to expand AI, digital infrastructure
Riyadh, Saudi Arabia -- Saudi Arabia's Humain artificial intelligence company has secured up to $1.2 billion in financing to expand...
- The non-binding framework agreement with Saudi Arabia's National Infrastructure Fund outlines the development of up to 250 megawatts in data center capacity.
- Humain, backed by Saudi's nearly trillion-dollar sovereign wealth fund, launched last May as the world's biggest oil exporter bets on AI to help diversify its economy.
Geostrategy
Trump launches ‘Board of Peace’ at Davos after Greenland u-turn
A group of leaders and senior officials from 19 countries -- including Trump allies from Argentina and Hungary -- gathered...
- Trump -- who is the chairman of the Board of Peace -- said they were "in most cases very popular leaders, some cases not so popular. That's the way it goes in life."
- Originally meant to oversee peace in Gaza after the war between Hamas and Israel, the board's charter envisions a wider role in resolving international conflicts, sparking concerns