South Korea Plans Record 800 Trillion Won Budget for 2027 to Boost AI and Chip Industry
South Korea plans to introduce a record national budget exceeding 800 trillion won ($531 billion) for the 2027 fiscal year,…
Tag: Business
UAE and Saudi Banks Expected to Drive GCC Credit Growth in 2026, S&P Says
Banks in the United Arab Emirates and Saudi Arabia are expected to lead credit growth across the Gulf Cooperation Council…
UAE Residents Embrace Digital Services as Demand for Stronger Cybersecurity Grows, Study Finds
The United Arab Emirates remains one of the world’s most digitally connected nations, with almost all residents regularly using online…
Meta Suspends Instagram AI Image Feature After Privacy Backlash
Meta has suspended a newly launched artificial intelligence feature on Instagram after widespread criticism over privacy and consent, just days…
Indian Buyers Retain Top Spot in Dubai Property Market as Foreign Investment Stays Strong
Indian nationals remained the largest group of international property investors in Dubai during the first half of 2026, accounting for…
OpenAI to Launch GPT-5.6 AI Models Following Expanded Government Approval
OpenAI has announced that it will publicly release its latest generation of artificial intelligence models on Thursday, marking a significant…
Samsung Sets July 22 Galaxy Unpacked Event, Teases AI-Powered Foldable Devices
Samsung Electronics has confirmed that its next Galaxy Unpacked event will take place on July 22 in London, where the…
Adnoc Distribution Agrees $1 Billion Acquisition of Shell’s South African Fuel Business
Adnoc Distribution has agreed to acquire Shell Downstream South Africa (SDSA) in a deal valued at approximately $1 billion (Dh3.67…
Samsung Expected to Post Record Second-Quarter Profit as AI Drives Memory Chip Demand
Samsung Electronics is expected to report another record quarterly operating profit, with strong demand for artificial intelligence (AI) technologies continuing…
China’s Robot Exports Rise Sharply in First Five Months of 2026
China’s robot exports recorded strong growth during the first five months of 2026, with shipments reaching more than 10 million…