Dubai property market rises 31% to $68 billion in first quarter
Dubai, UAE -- Dubai’s real estate transactions rose 31 percent year-on-year to 252 billion dirhams ($68.6 billion) in the first...
Business
AWS outage in Gulf raises reliability concerns as services remain disrupted over a week after strikes
Cloud services operated by Amazon Web Services (AWS) in the Gulf region continue to face disruptions more than a week...
Economy
Geostrategy
G20 grapples with splintering world order
"Too many countries are retreating into geopolitical blocs or the battlegrounds of protectionism," Canadian Prime Minister Mark Carney told reporters....
- He and the other leaders at the summit -- which was boycotted by the United States -- held a searching discussion on how the G20 can survive in a fragmenting world.
- The United States is to host next year's G20 summit, with Trump planning to hold it at a Florida golf club he owns.
Geostrategy
Israeli strikes kill 21 in Gaza, dozens more wounded: Civil defense
Mahmud Bassal, spokesman for the civil defense agency, Bassal said one strike hit a house in Deir el-Balah in the...
- The Palestinian foreign ministry, based in the Israeli-occupied West Bank, condemned the strikes.
- It urged the international community to put "immediate pressure" on Israel to "stop the massacres".
Geostrategy
Amazon climate deal a ‘win’ for global unity but fossil fuels untouched
Nearly 200 countries approved the deal by consensus after two weeks of exhaustive negotiations on the fringes of the rainforest,...
- Brazilian President Luiz Inacio Lula da Silva, who staked political capital on the success of COP30, said the pact was proof that a fractured world could still unite in crisis.
- There was less euphoria in Belem, where defeated European ministers admitted they only took the watered-down deal to keep the entire process from imploding.
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.
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
Dubai property market rises 31% to $68 billion in first quarter
Dubai, UAE -- Dubai’s real estate transactions rose 31 percent year-on-year to 252 billion dirhams ($68.6 billion) in the first...
Business
Company News
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...
Opinion
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
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...
Geostrategy
Most Read
Interview
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.
Geostrategy
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".
Interview
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.