Dubai’s real estate sector records $207 billion in transactions in 2024
Dubai, UAE -- Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its...
Business
Global economy set to face significant challenges in 2025: WEF survey
Geneva, Switzerland – The global economy is set to face significant challenges in 2025, with 56 percent of chief economists...
Economy
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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
Dubai’s real estate sector records $207 billion in transactions in 2024
Dubai, UAE -- Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its...
Business
Company News
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JPMorgan Chase profits up 6%
Business
Saudi records $412m venture capital funding in H1, highest in MENA
Riyadh, Saudi Arabia -- Saudi Arabia has maintained its first rank across MENA in terms of the amount of Venture...
Business
Methanol-powered ship to set sail for Europe’s first ‘green’ route
Rotterdam, Netherlands -- The first methanol-powered ship to ply routes between Europe's busy ports was unveiled Tuesday in Rotterdam, with shipping...
Business
China’s BYD signs deal to open electric car plant in Turkey
Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in...
Business
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Geostrategy
Gaza battles rage as mediators push for truce deal
Mediators Egypt and Qatar were due to host new talks this week, according to officials, as the bloodiest-ever Gaza war...
- Cairo and Doha have resumed diplomatic efforts to halt the fighting, aiming for an initial six-week ceasefire
- Hamas has signaled it would drop its insistence on a "complete" ceasefire
Geostrategy
Is Artificial Intelligence a major drain on the world’s energy supply?
Paris, France -- When Google announced this week that its climate emissions had risen by 48 percent since 2019, it pointed...
- The International Energy Agency (IEA) said in a report earlier this year that data centers in general used roughly 40 percent of electricity on computing and 40 percent on cooling.
- Big tech firms have been rushing to pack all their products with AI ever since OpenAI launched its ChatGPT bot in late 2022.
Business
Airbus nets satellite deal
The $2.5bn contract was awarded by the German army.
- The contract was awarded for next generation SatcomBw 3 military communications satellites, the European aerospace firm said.
- The contract, for deployment by the end of the decade, includes the prime contractor of two satellites "as well as the ground segment (receiving stations.