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...
Business
The Middle East has become our living lab for digital reinvention
In the MENA region, we see an extraordinary opportunity to shape a digitally empowered workforce aligned with national transformation agendas,...
Interview
Science
Researchers decode oldest human DNA
The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the...
- They were among 13 sequences reconstructed from people whose remains were found at the Oakhurst shelter and lived 1,300-10,000 years ago.
- Prior to these discoveries, the oldest genomes reconstructed from the region dated back around 2,000 years.
Business
Global tourism nears full recovery, led by Middle East’s 26% growth in 2024
While Europe and Americas have nearly returned to pre-pandemic levels, the Middle East's growth outpaces all other regions, UN World...
- Globally, international tourism reached 96 percent of pre-pandemic levels during the same period, with around 790 million tourists, an 11 percent increase over 2023.
- In terms of tourism revenue, 47 out of 63 countries with available data reported a return to pre-pandemic earnings.
Geostrategy
Elon Musk’s Starlink internet launches in war-scarred Yemen
Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...
- Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled.
- Houthi official Mohammed al-Bukhaiti condemned the Starlink launch, linking it to "the war waged by America on Yemen".
Business
UAE banks’ Q2 investments in Islamic certificates, cash bills surge to $61.81bn
The banking sector in the country maintained strong capital adequacy, exceeding Basel 3 requirements, according to the Central Bank.
- Statistics showed that the foreign assets of the Central Bank increased by 5.3 percent year-on-year to reach AED 770.6 billion.
- The total capital and reserves of banks operating in the UAE increased by 3.9 percent to AED 495.2 billion at the end of the second quarter.
Business
Middle East renewable energy projects investments reach $75bn
London, UK -- The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to...
- These investments include 116 renewable energy projects, which are expected to be operational between 2025 and 2030.
- Large solar projects, such as the fifth phase of the Rashid bin Mohammed Al Maktoum Solar Park, are making significant progress.
Business
Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory
Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive,...
- The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition.
- With 3,000 jobs on the line, the Brussels workers have launched a prolonged strike, with a large demonstration planned in the capital on Monday and walkouts elsewhere in solidarity
Business
TAQA launches new corporate identity
Abu Dhabi Energy Services will be renamed as TAQA Services.
- TAQA also announced that ADDC and Al Ain Distribution Company will merge under a new unified company.
- The Abu Dhabi Transmission and Despatch Company (TRANSCO) will be renamed TAQA Transmission Networks,
Geostrategy
Gaza rescuers say Israeli strike on house kills 11, including children
"We have recovered the bodies of 11 martyrs, including four children and three women, after an Israeli warplane hit a...
- "Several families had taken refuge in the house targeted with a single missile without any prior warning," Bassal said, adding that many others were wounded.
- Bassal said Israeli forces carried out similar strikes in some other parts of the Hamas-run territory overnight, killing at least 10 people.
Business
GACA and Volar to build UAE’s first Green Aviation Technology Center
Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU)...
- The Center aims to promote clean energy solutions, support research and development in sustainable aviation technologies.
- "The Centre will play a pivotal role in developing innovative solutions for a more growing, sustainable and greener future," said GACA director general Saif Al Suwaidi.
Business
Stock markets rise, gold hits record high as US rate cut nears
More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global...
- Investors are focused on the highly anticipated Fed meeting after data this week showed US consumer inflation slowed more than expected in August to 2.5 percent.
- The Fed cut rates early in the pandemic, then began hiking in 2022 as inflation rose, pushing rates to a 20-year high.
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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...
Business
Company News
Latest News
UAE begins pipeline project to ease Gaza water shortage
Jerusalem, Undefined -- The United Arab Emirates has begun construction on a major pipeline to carry desalinated water from Egypt...
Geostrategy
Saudi Arabia, UAE rank among top 20 nations globally for AI talent density
With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...
Economy
BRICS call for ‘unconditional’ Gaza ceasefire, condemn air strikes on Iran
The BRICS also called for a "full withdrawal of Israeli forces from the Gaza Strip and all other parts of...
Geostrategy
Most Read
Geostrategy
Musk creates America Party to challenge US’s ‘one-party system’
The world's richest person -- and Trump's biggest political donor in the 2024 election -- had a bitter falling out...
- Musk has clashed with Trump over the president's massive domestic spending plan, saying it would explode the US debt, and vowed to defeat lawmakers who voted for it.
- Musk also shared a meme depicting a two-headed snake and the caption "End the Uniparty."
Iran says no plan for new US nuclear talks, plays down impact of strikes
Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and...
- Iran's Foreign Minister Abbas Araghchi shut down what he said was "speculation" that Tehran would come to the table and said it "should not be taken seriously."
- "I would like to state clearly that no agreement, arrangement or conversation has been made to start new negotiations," he said on state television
Geostrategy
US hits back at accounts Iran moved enriched uranium before bombing
Trump, seeking credit for ordering military action and then quickly announcing a ceasefire between Israel and Iran, has lashed out...
- Trump has lashed out angrily at media accounts of a classified report that doubted the extent of damage to Iranian nuclear sites
- Vice President JD Vance, asked about the uranium on Sunday, had sounded less definitive and said the United States would discuss the issue with Iran