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Hafeet Rail secures key financing at Abu Dhabi’s Global Rail expo

The event has drawn over 1,000 attendees from around the globe, including 50 international delegations and 300 exhibitors representing more than 100 countries to...

UAE Cabinet unveils record-breaking Dh71.5 billion budget for 2025

Led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the 2025 budget, the largest in the nation’s history, is a testament to the...

Saudi Arabia set to invest $10bln in green hydrogen production: Report

Saudi Arabia has launched a new company to finance green hydrogen production, according to a report published by Bloomberg. According to the report, the...

OpenAI secures $6.6B in new funding, attracts major backers like Microsoft and Nvidia

Major players like Microsoft, Nvidia, and Thrive Capital participated in the funding round, underscoring OpenAI’s dominant position in the booming artificial intelligence market. The investment...

Hydrogen production could increase fivefold by 2030, says International Energy Agency

The number of low-emission hydrogen projects reaching final investment decisions has doubled over the past year, according to the International Energy Agency (IEA).

Airlines reroute flights over Saudi and Egypt as Middle East tensions escalate

On October 1, British Airways, Emirates, Deutsche Lufthansa, and other major airlines began diverting flights away from Iraqi airspace after Israel's military reported that...

Dubai adds 12 new hotels, paves way for 40 more by year-end

Dubai’s hospitality sector is surging ahead, with 12 new hotels and over 2,700 rooms added in the first half of 2024, pushing the city’s total to 716 hotels offering nearly 149,750 rooms.

Covid-19 pandemic buyers reap millions as property prices soar in Dubai

Dubai has become a hot spot for property investors, with thousands of expats and high-net-worth individuals flocking to the city. Experts note that property...

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Dubai’s Dh2 billion Trump Tower set to rise in Q2-2025

The highly anticipated Trump Tower in Dubai is gearing...

Google unveils chip that outpaces supercomputers by 10 septillion years

Google has announced a groundbreaking achievement in quantum computing with its new chip, "Willow," capable of solving problems in minutes that would take supercomputers an unimaginable 10 septillion years.

Airbus appoints Eid Al Qahtani to lead new regional headquarters in Saudi Arabia

Since the 1970s, Airbus has continuously expanded its footprint...

Gulf stock markets see gains, boosted by rising oil prices despite regional tensions

Gulf stock markets started Tuesday on a positive note,...

Talabat eyes $1.5 billion in IPO on Dubai Financial Market

Talabat Holdings, a subsidiary of Germany’s Delivery Hero, has announced plans to raise up to $1.5 billion through its initial public offering (IPO) on the Dubai Financial Market.
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