UAE Highlights Strong Fiscal Progress in 2025 with Larger Budget and New Investment Initiatives
The UAE recorded a series of major financial achievements in 2025, including the approval of a Dh92.4 billion federal budget…
Tag: Business
Bildco Erases Dh464 Million in Losses, Opens New Chapter for Growth and Shareholder Returns
Abu Dhabi National Co. for Building Materials, known as Bildco, has eliminated accumulated losses totaling more than Dh464 million after…
UN Warns Strait of Hormuz Closure Threatens Nearly One Billion People in Vulnerable Economies
The closure of the Strait of Hormuz is placing nearly one billion people at risk of rising living costs and…
Pakistan Introduces Dirham and Riyal Investment Certificates for Overseas Workers in Gulf
Pakistan has expanded its investment options for overseas citizens by introducing dirham- and riyal-denominated Naya Pakistan Certificates (NPCs), a move…
Tech Ecosystems Poised to Shape Global Innovation in 2026
Technology leaders are predicting that 2026 will mark a turning point in the evolution of innovation, with emerging trends expected…
Countries Tighten Grip on Social Media Access as Under-16 Bans Spread Globally
A major shift is taking place across the digital world as governments move to restrict, and in some cases fully…
Bitcoin Slides Below $62,000 as Market Turmoil Triggers $1.1 Billion in Liquidations
Bitcoin recorded one of its steepest declines of the year on Thursday, falling more than 7 per cent to slip…
UAE Non-Oil Economy Shows Resilience as Supply Chain Pressures Intensify
The UAE’s non-oil private sector maintained steady growth in May despite heightened geopolitical tensions in the Middle East and supply-chain…
EWEC Awards Taweelah C Power Project to Taqa-Led Consortium in Abu Dhabi
Emirates Water and Electricity Company (EWEC) has awarded the contract for the Taweelah C Independent Power Producer project to a…
Florida Sues OpenAI, Claims ChatGPT Puts Young Users at Risk
Florida’s attorney general has launched a major legal challenge against OpenAI and its chief executive Sam Altman, accusing the company…