UAE is converting talent, trust, and technology into a Knowledge Nation
Dr. Lolowa AlMarzooqi, Associate Vice Provost at New York University Abu Dhabi, tells TRENDS that the UAE’s real competitive edge...
Interview
Gaza ceasefire enters phase two despite unresolved issues between Israel and Hamas
The most contentious questions remain Hamas's refusal to publicly commit to full disarmament, a non-negotiable demand from Israel, and Israel's...
Geostrategy
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...
- The one-billion-dollar agreement would likely help China dodge new European Union tariffs.
- The BYD facility will have an annual capacity of 150,000 vehicles as well as a research and development center.
Business
Chip giant TSMC briefly joins trillion-dollar club
New York, United States -- Chip-making juggernaut Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization on Monday as...
- TSMC controls more than half the world's output of chips and supplies them for everything from Apple's iPhones to Nvidia's cutting-edge artificial intelligence hardware.
- The company hit the threshold briefly after the opening bell in New York, but slipped lower in later trading.
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.
Business
European Union slaps Chinese electric cars with tariffs of up to 38%
Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car...
- A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals.
- The Chinese Chamber of Commerce to the EU slammed the tariffs, coming on top of current import duties of 10 percent, as "politically-motivated" and "protectionist".
Geostrategy
Heavy fighting rocks Gaza as thousands are on the move again
The United Nations warned that the almost nine-month-old war had "unleashed a maelstrom of human misery."
- The UN agency supporting Palestinian refugees said 250,000 people had been impacted by the latest evacuation order
- The war has now displaced 80 percent of Gaza's population
Science
Dubai-based rowers brave Arctic this July to highlight plastics pollution
At an indoor pool in Dubai, three rowers battle artificial rain and simulated waves as they train for an Arctic...
- They plan to row for three weeks aboard an eight-meter boat flying the UAE flag, with no sail or engine
- The United Nations says plastics account for 85 percent of all marine trash
Geostrategy
80 percent of Gazans now displaced: UN humanitarian coordinator
United Nations, United States --The UN humanitarian coordinator for Gaza said Tuesday that 1.9 million people -- 80 percent of the...
- UN estimated that up to 250,000 people are impacted by the Israeli military order for civilians to leave Al-Qarara, Bani Suhaila and other localities in Khan Yunis.
- ""Palestinian civilians in Gaza have been plunged into an abyss of suffering. Their homes life shattered, their lives upended," said UN humanitarian coordinator Sigrid Kaag.
Business
Tesla Q2 auto deliveries surge
Deliveries still 4.7 percent down from a year ago.
- Tesla said it delivered around 444,000 vehicles worldwide in the April-June period, exceeding consensus estimates compiled by FactSet and sending its share price up around 9%.
- Of the total figure, 422,405 involved Model 3 and Model Y vehicles. Tesla gave no detailed breakdown of the other autos delivered.
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
UAE is converting talent, trust, and technology into a Knowledge Nation
Dr. Lolowa AlMarzooqi, Associate Vice Provost at New York University Abu Dhabi, tells TRENDS that the UAE’s real competitive edge...
Interview
Company News
Latest News
Kamco Invest launches two funds
Business
West Bank eviction film ‘No Other Land’ wins best documentary Oscar
Jerusalem -- No Other Land, a documentary about Israeli settlement in the occupied West Bank, has won the best documentary award...
Arts & Culture
Israel blocks humanitarian aid to Gaza as ceasefire’s first phase ends, sparking global outrage
Truce mediators Egypt and Qatar accused Israel of blatantly violating the ceasefire deal by halting the aid, a move left trucks...
Geostrategy
Iran ready to negotiate with US but not under ‘maximum pressure’: minister
In 2015, Iran struck a landmark deal with the United States, France, Germany, Britain, China and Russia to regulate its...
Geostrategy
Most Read
Morgan Stanley sees upswing in MENA M&A deal volumes and values
After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...
- 2024 saw 1,111 M&A transactions with exposure to the MENA region, totaling US$75 billion in value
- MENA outbound M&A transactions totaled US$40.2 billion, down 3 percent
Geostrategy
Syrian President’s first foreign trip to Saudi Arabia signals Syria’s shift away from Iran’s influence.
Syrian President Ahmed al-Sharaa met Saudi Crown Prince Mohammed bin Salman in Riyadh, marking his first foreign visit and signaling...
- Al-Sharaa’s visit signals Syria’s pivot away from Iran and closer ties with the Gulf states
- Saudi Arabia is leading efforts to reintegrate Syria into the regional fold and push for sanctions relief
Business
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...
- Real estate transactions alone totaled 226,000, a remarkable 36 percent growth in volume and 20 percent growth in value year-on-year.
- The sector recorded 217,000 investments valued at AED526 billion, reflecting impressive growth rates of 38 and 27 percent in number and value respectively.