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Tag: Business

Gulf Economies Face Slow Recovery Despite Hormuz Reopening, Economists Warn
Business

Gulf Economies Face Slow Recovery Despite Hormuz Reopening, Economists Warn

June 18, 2026

The reopening of the Strait of Hormuz under the latest US-Iran ceasefire agreement has eased immediate concerns over global energy…

AI Infrastructure Emerges as New Strategic Battleground for Global Economic Power
Business

AI Infrastructure Emerges as New Strategic Battleground for Global Economic Power

June 17, 2026

Artificial intelligence infrastructure is rapidly becoming one of the most important strategic assets in the global economy, with industry leaders…

UAE Oil Production Set to Surpass 5 Million BPD as Expansion Plans Accelerate After OPEC Exit
Business

UAE Oil Production Set to Surpass 5 Million BPD as Expansion Plans Accelerate After OPEC Exit

June 17, 2026

The United Arab Emirates is expected to increase its oil production beyond 5 million barrels per day next year, positioning…

US-Iran Agreement Eases Recession Fears as Oil Markets Stabilise
Business

US-Iran Agreement Eases Recession Fears as Oil Markets Stabilise

June 16, 2026

A breakthrough agreement between the United States and Iran has eased concerns about a potential global recession, calming energy markets…

UAE Fuel Prices Seen Falling as Oil Markets Ease After US-Iran Peace Deal
Business

UAE Fuel Prices Seen Falling as Oil Markets Ease After US-Iran Peace Deal

June 15, 2026

Petrol prices in the UAE could decline next month as global oil prices continue to retreat, with markets reacting positively…

Kingdom Holding’s SpaceX Stake Surges to $6.83 Billion After Nasdaq Debut
Business

Kingdom Holding’s SpaceX Stake Surges to $6.83 Billion After Nasdaq Debut

June 14, 2026

Saudi Arabia’s Kingdom Holding Co. has reported a sharp increase in the value of its investment in SpaceX, with its…

AI Adoption in Saudi Businesses Rises Sharply as Digital Transformation Accelerates
Business

AI Adoption in Saudi Businesses Rises Sharply as Digital Transformation Accelerates

June 14, 2026

Artificial intelligence adoption among businesses in Saudi Arabia climbed to 33.1% in 2025, marking a 20% increase compared with the…

SpaceX Soars in Market Debut as Valuation Tops $2 Trillion and Musk Becomes First Trillionaire
Business

SpaceX Soars in Market Debut as Valuation Tops $2 Trillion and Musk Becomes First Trillionaire

June 13, 2026

SpaceX shares surged 19 percent in their first day of trading on the Nasdaq on Friday, lifting the company’s market…

IHC Launches Second Share Buyback Programme with Initial Dh1.8 Billion Tranche
Business

IHC Launches Second Share Buyback Programme with Initial Dh1.8 Billion Tranche

June 13, 2026

Abu Dhabi-based International Holding Company (IHC) has launched the second phase of its share buyback programme, beginning with an initial…

Bitcoin Slump Sparks Crypto Winter Fears, But Analysts See a Softer Downturn
BusinessUncategorized

Bitcoin Slump Sparks Crypto Winter Fears, But Analysts See a Softer Downturn

June 12, 2026

Bitcoin’s sharp fall from record highs has revived debate over whether the cryptocurrency market is entering another prolonged “crypto winter,”…

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  • Hamad Port Handles More Than 90,000 Tonnes of Grain for QatarSeptember 6, 2026
  • Apple Set to Unveil Foldable iPhone Ultra at September 9 EventSeptember 6, 2026
  • UAE Tax Authority Sets New Rules for Reporting Digital Currency TransactionsSeptember 6, 2026
  • India Flags Rabies Vaccine Batch as Substandard and Potentially SpuriousSeptember 5, 2026
  • One Dead, 11 Missing After Mudslide Hits China’s Jiangxi ProvinceSeptember 5, 2026
  • OpenAI AI Agents Accused of Taking Over German Website in New Security IncidentSeptember 5, 2026
  • Philippines Keeps Strait of Hormuz on Red Alert After Filipino Seafarers KilledSeptember 4, 2026
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