Business, markets and economy news.
Page 1 · 11 stories
The Abu Dhabi National Oil Company (ADNOC) announced a multi-year strategic partnership with OpenAI and G42 to expand the use of advanced AI technologies in energy sector operations, enhance operational efficiency, and accelerate strategic and commercial decision-making.
Editorial Team · 5 Nov 2026 · 3 min read
Binance, the world's largest cryptocurrency exchange, has begun gradually restoring withdrawal services following a massive cyberattack that resulted in the theft of approximately $6.3 billion in digital assets, marking one of the largest hacks in crypto market history.
Editorial Team · 2 Nov 2026 · 2 min read
In a striking shift in the balance of power within the global tech sector, the advertising growth gap between Meta and Alphabet has widened to its highest level in five years. The former successfully leveraged AI to maximize advertiser returns, while Google faces the risk of its market share being cannibalized by changing traditional search habits, amid unprecedented capital expenditure pushing both giants' cash flows into negative territory.
Editorial Team · 2 Nov 2026 · 4 min read
In a step to enhance economic cooperation between the two countries, the UAE and Jordan signed agreements to launch the Aqaba Port Railway project, with joint investments estimated at $2.3 billion. The agreement also included establishing a Jordanian-Emirati company to implement and operate the new project.
Editorial Team · 1 Nov 2026 · 3 min read
UAE-based Marketna has launched its digital classifieds platform in the Arab world via its smart app and website. Under the slogan "Easy Buy and Sell," Marketna connects buyers and sellers across various sectors, enabling users to advertise and sell almost anything.
Editorial Team · 1 Nov 2026 · 3 min read
Alphabet, Google's parent company, is preparing to inject investments of up to $40 billion into the AI startup Anthropic, in a move that consolidates their existing partnership despite growing competition in the global AI market.
Editorial Team · 1 Nov 2026 · 3 min read
Elon Musk made history by becoming the world's first person to surpass the trillion-dollar wealth mark following SpaceX's initial public offering and the start of its trading on the US Nasdaq exchange.
Editorial Team · 1 Nov 2026 · 3 min read
US artificial intelligence company Anthropic is preparing to enter the stock market through an upcoming initial public offering, a move that could place it among the largest companies to go public in the United States and boost competition in the AI sector.
Editorial Team · 30 Oct 2026 · 3 min read
Microsoft plans to offer a voluntary departure program to about 60,000 eligible employees in a move aimed at controlling costs and restructuring operations, coinciding with the expansion of AI and digital infrastructure investments.
Editorial Team · 30 Oct 2026 · 3 min read
UAE companies have achieved remarkable growth in AI adoption, with the percentage of businesses using these technologies rising to 72%, compared to 53% the previous year—an annual increase of 36%—according to a report issued by Amazon Web Services (AWS) in collaboration with the UAE Artificial Intelligence Office.
Editorial Team · 29 Oct 2026 · 4 min read
Huawei Technologies has submitted an offer to the Egyptian government to establish specialized AI data centers, aiming to provide services to government sectors such as military, security, and surveillance fields. This step could enhance the Chinese company's presence in the AI chip market outside China, while simultaneously opening a new front for technological competition between Beijing and Washington. New News - Business, according to an agency report.
Editorial Team · 27 Oct 2026 · 4 min read
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