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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.

Mediators Egypt, Qatar, others ‘concerned’ about Israel opening one-way Gaza exit

The countries voiced "their absolute rejection of any attempts to expel the Palestinian people from their land" and said they...
  • On Wednesday, Israel said it would open the Rafah crossing from Gaza to Egypt exclusively to allow residents to exit the Palestinian territory "in the coming days".
  • Reopening the Rafah crossing is a part of Trump's peace plan for the Palestinian territory, as well as something UN agencies and other humanitarian actors have long called for

In Data Center Alley, AI sows building boom, doubts

Ashburn, United States -- As planes make their final approach to Washington DC's Dulles Airport, just below lies Ashburn, a...
  • In 2025, private companies are spending roughly $40 billion a month on data center construction in the United States.
  • Data servers deploying ChatGPT-like technologies run very hot and require new-generation liquid cooling.

US private sector lost 32,000 jobs last month in surprise drop

President Donald Trump has been touting the economy's health, and forecasts had incorrectly predicted the monthly data would show a...
  • "Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," ADP chief economist Nela Richardson said.
  • "While November's slowdown was broad-based, it was led by a pullback among small businesses."

OpenAI declares ChatGPT ‘code red’ over stiff competition: report

Washington, United States -- OpenAI CEO Sam Altman has declared a company-wide "code red" as its ChatGPT technology faces stiff...
  • Altman told employees that the company was "at a critical time for ChatGPT," and that resources must be devoted to fending off the new competition to its chatbot.
  • Altman said that other projects would now be delayed, including a plan to introduce advertising to the chatbot.

Amazon unveils new AI chip in battle against Nvidia

San Francisco, United States -- Amazon Web Services launched its in-house-built Trainium3 AI chip on Tuesday, marking a significant push...
  • The move intensifies competition in the AI chip market, where Nvidia currently dominates with an estimated 80- to 90-percent market share.
  • AWS also announced it is already developing Trainium4, expected to deliver at least three times the performance of Trainium3 for standard AI workloads.

Saudi powers forward with deficit spending to fund reforms

The Arab world's largest economy is overseeing a major push to slash its dependence on oil revenues, with officials pouring...
  • The state's general budget for 2026 would have total expenditures of 1.313 trillion riyals (350.1 billion dollars).
  • The projected deficit amounts to 3.3 percent of GDP, which is lower than the deficit of 245 billion riyals estimated for 2025.

Pope urges Lebanese to stay in their country despite difficulties

Leo emphasized the need for peace, using the word more than 20 times during the address, without mentioning any specific...
  • Urging reconciliation, Leo noted that "there are personal and collective wounds that take many years, sometimes entire generations, to heal".
  • "If we do not work, for example, to heal memories, to bring together those who have suffered wrongs and injustice, it is difficult to journey towards peace," he said.

‘Dinosaur tartare’ and holograms: Dubai AI chef sparks awe and ire

Dubai, United Arab Emirates -- A Dubai restaurant has opened that prides itself on having the world's "first AI chef",...
  • The AI programme -- known as chef Aiman -- is trained on thousands of recipes and decades of culinary research and molecular gastronomy.
  • Chef Aiman can also optimise menus and balance flavours, according to the establishment.

Singapore AI teddy back on sale after recall over sex chat scare

Singapore, Singapore -- A plushy, AI-enabled teddy bear recalled after its chatbot was found to engage in sexually explicit conversations...
  • Singapore-based FoloToy had suspended its "Kumma" bear after a consumer advocacy group raised concerns about it and other AI toys on the market.
  • The Kumma bear "looks sweet and innocent. But what comes out of its mouth is a stark contrast," researchers have said.

Four European nations urge Israel to end West Bank ‘settler violence’

"We -- France, Germany, Italy, the United Kingdom -- strongly condemn the massive increase of settler violence against Palestinian civilians...
  • Settler violence in the West Bank has soared since Hamas's October 2023 attack on Israel triggered the Gaza war.
  • Israeli troops or settlers have killed more than 1,000 Palestinians in the West Bank, mostly civilians.

Supply chain attacks emerge as top cyber threat to businesses: Study

The study found that large enterprises are particularly vulnerable because of their extensive vendor networks.

Latest News

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...

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...

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...
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INSEAD Day 4- 300x600

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Dubai Media City bets on AI to cement its global creative hub status

Dubai Media City has moved decisively beyond real estate into intellectual and digital value creation to support the next generation...
  • Media Cluster enables talent development by providing access to globally renowned institutions at Dubai International Academic City and Dubai Knowledge Park, part of TECOM Group.
  • The Media Cluster offers Grade A offices, recording and green rooms, and even world-class backlots and sound stages at Dubai Studio City.

Trump at Davos demands ‘immediate’ Greenland talks but rules out force

Trump's quest to take control of Greenland, which he said was needed for national and international security, dominated his address...
  • But Trump appeared to rule out the threat of military action against fellow NATO member Denmark -- which he branded "ungrateful" -- that has threatened to tear the alliance.
  • Trump, however, lambasted Europe on a number of fronts from Greenland to tariffs and the economy, saying it was "not heading in the right direction".

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,...
  • The Middle East has become our living lab for digital reinvention, where ideas rapidly evolve into impactful, real-world solutions.
  • AI, cloud, and IoT are no longer enablers but strategic levers reshaping productivity, resilience, and value creation across MENA.