Business news
One of Trump's main Middle Eastern business allies, Hussain Sajwani, has promised $20 billion toward building state-of-the-art data centers across the U.S.-a giant step toward technology and AI competitiveness.
Business news
It will be a US$20 billion investment in the US data centers by UAE billionaire Hussain Sajwani and US President-elect Donald Trump. The project, which Sajwani announced at the Mar-a-Lago estate owned by Trump, is an aggressive entry into the US technology infrastructure market.
Business news
Saudi fintech startup JeelPay has raised $6.6 million in a Pre-Series A funding round, with participation from Joa Capital, AlJazira Capital, and other angel investors to enhance its financial services.
Business news
Dubai is set to expand its real estate rental index to cover commercial properties; it will force owners to upgrade their assets in a bid to qualify for increased rents, an initiative expected to launch in early 2025.
Business news
U.S. President Joe Biden has decided to block Nippon Steel's $14.9 billion acquisition of U.S. Steel, citing national security concerns, according to reports from The Washington Post.
Business news
Asia’s factories concluded 2024 on a subdued note as trade risks intensified with the looming Trump 2.0 presidency and China’s economic fragility, raising concerns over global manufacturing trends.
Business news
Dubai Taxi Company (DTC) unveils its transformative 2025-2029 growth strategy, focusing on innovation, sustainability, and geographic expansion. Collaborating with Bolt, DTC aims to redefine urban mobility with eco-friendly, tech-driven solutions.
Business news
The UAE's economy grew by 3.6% in the first half of 2024, driven by non-oil sectors, reaching AED879.6 billion in real GDP. Strategic diversification boosts tourism, trade, and innovation.
Business news
European markets rose on Friday following the Christmas holiday, with Novo Nordisk shares climbing 3.5%. Investors monitored economic data from China and Japan while awaiting retail sales reports from Spain and Norway.
Business news
Kuwait will impose a 15% tax on multi-national companies operating across various jurisdictions, starting January 1, 2025, to combat evasion and retain revenues domestically in line with global tax standards.
Business news
Amid Dubai's booming real estate market, a luxury villa in Emerald Hills, Dubai Hills Estate, recently sold for a record-breaking AED 120 million, yielding AED 40 million in profit for its investor.
Business news
Binghatti's $1.4 billion Skyrise development in Dubai achieved a stunning milestone, selling 50% of its units within just 24 hours, showcasing the city’s booming real estate market.