Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters. In 2025, several major corporations, including PayPal and Veon, have either announced or completed the relocation of their headquarters to the UAE. This trend is supported by the country's legislative...

ABU DHABI – Abu Dhabi National Oil Company (ADNOC) has sold a 3 percent stake in its logistics and shipping subsidiary, ADNOC Logistics & Services (ADNOC L&S), for approximately AED 1.16 billion ($316 million). The placement of 222 million shares to institutional investors was significantly oversubscribed by seven times within...

Beijing, China -- A dozen furry dolls strung together on a metal chain dangled from Labubu fan Maki Li's neck as he proudly posed for photos in front of a store selling the toys in central Beijing on Friday. Made by Chinese toymaker Pop Mart, the fanged creatures have taken...

Ajman, UAE -- Real estate transactions valued at AED 1.48 billion ($381 million) were recorded in Ajman in July 2025. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, confirmed that the month of July witnessed 220 real estate valuation transactions, with...

Dubai, UAE -- Dubai’s Creator HQ, the first headquarters for content creators in the UAE and the Middle East, has attracted 2,415 members from 147 countries within six months of its launch. The initiative aims to position the UAE as a global hub for the content economy, with a target...

Buraidah, Saudi Arabia -- The Buraidah Date Carnival witnessed growing economic and tourism activity, making it a key destination for thousands of visitors from across the Kingdom, the Gulf, and the world. The event combined morning date auctions with a variety of cultural and entertainment activities held in the evening...

Chipmaker Intel has agreed to give the US government a 10-percent stake in its business, the company and President Donald Trump announced Friday.

New York, United States -- US aviation giant Boeing is in talks to sell up to 500 aircraft to Chinese companies, Bloomberg News reported Thursday, citing sources familiar with the matter. The deal would be a major win for the struggling US manufacturer, with company shares rising as high as 3.7...

It will be utilized in a phased manner.

New York, United States -- Google on Wednesday unveiled new Pixel 10 smartphones, showcasing artificial intelligence (AI) capabilities woven into its Android mobile operating system. The line-up of new products included a foldable phone, improved Pixel smartwatch, and ear buds all synced to work with AI and each other. "Pixel...

Paris, France -- The global games industry gathers for the vast Gamescom trade fair in Cologne this week, with hopes that upcoming heavy-hitters like "GTA VI" can help the industry escape its doldrums. Tuesday's opening night event will show off major releases slated for the months ahead, with the starring...

Dubai, UAE -- Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it attracted 143 companies to Dubai during H1 2025, representing a 138 percent increase compared to the 60 companies attracted in H1 2024. These included 31 multinational companies (MNCs),...

The deal involves its Jafurah gas facilities.

The World Economic Forum has named BlackRock CEO Larry Fink and Swiss entrepreneur André Hoffmann as interim co-chairs, with both leaders vowing to steer the organization into “a new chapter” focused on global collaboration and shared prosperity.

Bitcoin hit a new peak at $124,514.59 in Asian trading, before cooling to around $121,500. The world's biggest cryptocurrency is benefitting from expectations that the Federal Reserve will cut US interest rates before 2026.

The group's revenue reached $7.73 billion.

San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened legal action, triggering a fiery exchange with OpenAI CEO Sam Altman on Tuesday. "Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to...

San Francisco, United States -- Perplexity AI offered Google on Tuesday $34.5 billion for its popular Chrome web browser, which the internet giant could potentially be forced to sell as part of antitrust proceedings. The whopping sum proposed in a letter of intent by Perplexity is nearly double the value...

Zakopane, Poland -- Saudi photographer Fahad Alayyash gazed over the Alpine-like panorama of the Tatras, Poland's highest mountain range -- and a surprising new hotspot for Arab tourists. The 38-year-old is among thousands of Gulf residents spending their summer vacation in Zakopane, a resort known for its ski lifts and...

Hong Kong, China -- Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process. The Hong Kong bourse's listing committee decided to cancel Evergrande's listing as it had failed to meet a July deadline...

The company’s revenue reached $2.43bn

Abu Dhabi, UAE -- Abu Dhabi’s artificial intelligence (AI) sector witnesses a 61 percent increase between June 2023 and June 2024, according to data published by the Abu Dhabi Chamber, which said the emirate has 673 AI companies. Globally, there are approximately 90,904 AI companies as of 2024, which places...

Washington, United States -- US semiconductor giants Nvidia and Advanced Micro Devices have agreed to pay the United States government 15 percent of their revenue from selling artificial intelligence chips to China, according to media reports Sunday. Nvidia CEO Jensen Huang met with US President Donald Trump at the White House...

Dubai, UAE -- The region's top hospitality professionals will converge at the Conrad Dubai Hotel on November 25-26, 2025, for the eighth annual Commercial Strategy Conference (CSC) MEA. Organized by the Hospitality Sales and Marketing Association International (HSMAI) Middle East and Africa, the event has been the premier gathering for...

Dubai, UAE -- Dubai’s real estate market recorded 4,049 new activities in the first half of this year, reflecting the emirate’s growing appeal as a leading investment destination. This growth has been enabled by an advanced regulatory framework that promotes the smooth conduct of real estate activities and strengthens market...

Revenue grew by 24% to $7.38 billion.

London, United Kingdom - US President Donald Trump's media group and Tesla, the electric carmaker owned by tech billionaire Elon Musk, are among an increasing number of companies buying huge amounts of bitcoin. The aim? To diversify reserves, counter inflation and attract investors, analysts say. Who also invests? Companies frequently...

San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements in artificial intelligence capabilities as a global race over the technology accelerates. ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700...

It will pay $843m in H1 dividend.

The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on goods from dozens of countries, with chips so far exempt. It comes with the United States and China locked in a high-stakes race to develop the high-end semiconductors used to...

Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis" whizzing over Japan from as early as 2027. ANA and California-based Joby Aviation said they will establish a joint venture with a view to deploying more than 100 of the...

Washington, United States -- Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, a senior White House official said Wednesday. The announcement, which was first reported by US media, will be officially made later Wednesday at...

Dubai, UAE --  Nearly 60 percent of travelers in the UAE trust Artificial Intelligence (AI) to plan every aspect of their trips, compared to 48 percent of travelers in other countries, with this figure predicted to rise as technology becomes more embedded into consumer habits. According to a recent report...

We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains. However, despite these upheavals, globalization is unlikely to abate. History has shown that even the most challenging twists and turns cannot put a brake on its forward momentum.

The company posted 31% increase in revenue.

Washington, United States -- Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent. The electric vehicle maker said in a statement it will award a distribution of...

Will supply 0.5mmtpa of LNG to India's HPCL.

Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra and other sites since the Gaza war began in October 2023, according to officials. Although Jordan does not border the Gaza Strip, it has been among several countries across the...

Dubai, UAE -- The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5 billion ($1.22 billion), according to data from the Dubai Land Department (DLD). This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate,...

Adjusted EBITDA rises to $2.36bn.

The H1 revenue stood at $2.72 billion.

Riyadh, Saudi Arabia -- Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9 percent in the second quarter of 2025 compared to the same period in 2024. According to the Saudi Press Agency (SPA), flash estimates of GDP for Q2 2025, released today by the General Authority for Statistics...

Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in AI. Microsoft became the second company to surpass $4 trillion following another AI star, Nvidia.

The company posted a net profit of $692m.

Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this year, authorities said on Tuesday, despite disruptions due to the Iran-Israel war The facility marked its busiest first half on record with a 2.3 percent year-on-year growth, Dubai Airports said...

Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest tech darling -- one that makes no secret of its macho, America-first ethos now ascendant in Trump-era tech culture. The company's reach spans the global economy, with banks, hospitals, the...

Dubai, UAE --  Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA), said Monday that it witnessed a saw a record number of new firms establishing operations in the center in the first half of 2026. The total number of...

Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by UAE state oil giant ADNOC, citing competition fears. "The commission has preliminary concerns that foreign subsidies granted by the United Arab Emirates could distort the EU internal market," a statement...

Muscat, Oman -- The nominal Gross Domestic Product (GDP) of the Gulf Cooperation Council (GCC) countries reached US$587.8 billion by the end of the fourth quarter of 2024, up from US$579 billion at the end of the fourth quarter of 2023, reflecting a growth rate of 1.5 percent. The latest...

Q2 net profit fell by 18% to $637 million.