Region
AI and business stories from GCC.
The Hong Kong-listed payments company already holds a DFSA licence and settles payments for sellers on Noon and Amazon's UAE and Saudi marketplaces.
By Nakoda News Desk··2 min read
The Abu Dhabi conglomerate, an investor in OpenAI, Anthropic, SpaceX and Cerebras, grew revenue 33.2% to Dh100.3 billion, with energy and mining sales almost quadrupling.
By Nakoda News Desk··2 min read
Chief executive Adnan Bu Fateem says the Midterm results will not change the Abu Dhabi company's plans, as Gulf energy firms look abroad for stability while war costs rise at home.
By Nakoda News Desk··1 min read
IEC Telecom's Alaa Alsadi says welfare internet for workers at sea must be kept separate from the networks that run critical offshore equipment.
By Nakoda News Desk··2 min read
Tencent will supply computing, storage and networking while OmniOps, founded in 2024, contributes its inference engine and local deployment for enterprise AI in the Kingdom.
By Nakoda News Desk··2 min read
The energy business, part of The Kanoo Group, says sales have passed $700 million as it adds exports to North Africa and Iraq and opens offices in Uzbekistan.
By Nakoda News Desk··1 min read
The Abu Dhabi firm's diversified strategy, which offers limited quarterly redemptions, will be sold to qualified investors through iCapital's marketplace as both firms push into Middle East private wealth.
By Nakoda News Desk··2 min read
The Abu Dhabi energy AI company used the last day of ADIPEC to bring reservoir simulation onto its operating platform and lay groundwork for an autonomous-operations business.
By Nakoda News Desk··2 min read
Employers will pay 9% of each foreign worker's basic monthly salary into individual accounts at the Social Protection Fund, a change that will hit payrolls and balance-sheet liabilities.
By Nakoda News Desk··1 min read
Treasury says a Chandigarh couple posed as registries for Guyana, Eswatini and Laos, and also targeted a Turkish ground handler serving sanctioned Iranian airlines.
By Nakoda News Desk··2 min read
The ride-hailing company projects about 700 fully driverless vehicles worldwide by December, even as the Iran conflict weighs on its bookings in the region.
By Nakoda News Desk··2 min read
Dubai Investments is selling 20% of the operator of Dubai Investments Park, valuing it at AED9.7 billion, with trading expected to start on November 11.
By Nakoda News Desk··2 min read
The IRGC says one tanker hit a mine on a route it had not authorised, and it blamed Washington for steering ships through mined waters.
By Nakoda News Desk··2 min read
Revenue for the six months to September 30 fell to Dh66.2 billion from Dh75.4 billion a year earlier, with the group blaming regional disruption and high fuel costs.
By Nakoda News Desk··2 min read
The Saudi Fund for Development will lend to Syria on concessional terms for health, housing, civil defence, water and the Aleppo thermal power plant.
By Nakoda News Desk··2 min read
India's top oil ministry official says the UAE now supplies 15 to 20 per cent of the country's energy imports, including a quarter of its LPG.
By Nakoda News Desk··2 min read
The Chinese company's Land Aircraft Carrier pairs a six-wheeled road vehicle with a two-seat electric aircraft, but it still needs Chinese and UAE certification before owners can fly it.
By Nakoda News Desk··2 min read
The amount was not disclosed, and the deal includes a long-term agreement for the AI data infrastructure company to run its Gulf and wider MENA business from Abu Dhabi, starting with energy, utilities and critical infrastructure.
By Nakoda News Desk··2 min read
Brent lost $7.50 a barrel on Wednesday as investors bet a Democratic Congress could change Washington's approach to the region, while Bloomberg reported the UAE is studying a third export pipeline that would avoid the Strait of Hormuz.
By Nakoda News Desk··3 min read
The January 2027 event at Dubai World Trade Centre will open with a new Global Readiness Summit, and Italy will take part as country partner for the first time.
By Nakoda News Desk··2 min read
The in-country deployment, first announced as a plan in January, keeps security workloads and customer telemetry inside the kingdom and is aimed at government bodies and critical infrastructure operators.
By Nakoda News Desk··2 min read
The multi-year agreement, signed at ADIPEC in front of Abu Dhabi's Crown Prince, starts with AI agents for oilfield development planning and for valuing crude while it is still underground.
By Nakoda News Desk··3 min read
Mayor Carola Schouten, who leads a delegation of more than 50 mainly Rotterdam-area companies, told Gulf producers to start with blue hydrogen instead of waiting for green, and said the port already has CCS infrastructure in place.
By Nakoda News Desk··2 min read
Agencies will need insurance, a RO5,000 guarantee and Omani ownership, must bring workers in within 45 days, and must refund employers' fees in set cases during the first 90 days.
By Nakoda News Desk··2 min read
The advocacy group's modelling finds transition pathways leave both countries in a stronger fiscal and economic position by 2040 in six of seven scenarios, but expanding fossil fuels comes out ahead if oil prices are high.
By Nakoda News Desk··2 min read
The DFM index rose 3.96 per cent on Wednesday, its third straight advance, as foreign investors bought a net Dh237.6 million and Emaar shares took more than half of the day's turnover.
By Nakoda News Desk··2 min read
The PIF-backed AI company did not disclose terms for CNTXT, an Aramco-linked Riyadh firm that resells Google Cloud in the kingdom, and says the deal will help it carry its models and compute into customers' operations.
By Nakoda News Desk··2 min read
Speaking at ADIPEC, the company's EMEA chief said data centre capacity in the UAE and the region will roughly quadruple within four to five years, and that solar needs backup generation to supply it.
By Nakoda News Desk··2 min read
Executives from Siemens, SLB, DP World, AIQ, Inception42 and Bechtel said governance, trust and community support will decide how far AI spreads through the energy industry.
By Nakoda News Desk··3 min read
World Gold Council data show Middle East jewellery demand fell 22 per cent in the third quarter to 26.2 tonnes, as average gold prices rose 23 per cent to $4,262 an ounce.
By Nakoda News Desk··2 min read
The Dubai financial centre says that is three times as many as any rival centre in the region, and it also launched Islamic finance training, an innovation challenge and a planned innovation centre with four banks.
By Nakoda News Desk··2 min read
Writing as ADIPEC opened, the assistant foreign minister for energy and sustainability said energy investors who overlook water risk put the long-term viability of their projects at stake.
By Nakoda News Desk··1 min read
The first £2.5 billion phase would bring up to 100 megawatts online in early 2028 at the North Yorkshire power station, but it still needs planning approval and a tenant.
By Nakoda News Desk··2 min read
The Dubai-listed company says it will act as the single party responsible for moving transformers, cooling equipment and multimillion-dollar AI racks from factories to the data hall floor.
By Nakoda News Desk··2 min read
Private-asset secondary deals reached a record $121 billion in the first half of 2026, according to Evercore, and global managers are setting up in the emirate to work with its sovereign wealth funds.
By Nakoda News Desk··3 min read
Revenue at the Abu Dhabi-listed learning technology company grew at the same 5.7 per cent rate to AED605.3 million, driven by its support and services business, while its core education solutions segment was almost flat.
By Nakoda News Desk··2 min read
The round was led by Phaze Ventures' Oman Fund, with the UAE's Jasoor Ventures taking part, and will expand the Shariah-compliant platform's lending along the Greater Bay Area–Oman–UAE corridor.
By Nakoda News Desk··2 min read
Chief executive Arif Amiri announced the figure at the Dubai FinTech Summit, where DIFC and Asia House also published a report forecasting a $1.5 trillion global fintech market by 2030.
By Nakoda News Desk··2 min read
The Abu Dhabi carrier will restore four Jeddah flights from November 6, but passenger and cargo services to two of Saudi Arabia's main business cities stay grounded for another two weeks.
By Nakoda News Desk··1 min read
The Series A was led by Al Mada Ventures and co-led by Silicon Badia, with Du Ventures and Oraseya Capital joining, and will fund expansion from the Gulf into the US and Europe.
By Nakoda News Desk··2 min read
ADNOC Offshore's chief executive gave the figures at ADIPEC a day after the group's multi-year deal with OpenAI and G42, while the heads of SLB and Halliburton warned that AI creates new data and cyber risks.
By Nakoda News Desk··3 min read
The agency expects a 2026 budget surplus of 7.1 per cent of GDP and puts the emirate's net sovereign foreign assets at about 300 per cent of GDP, far above its peers.
By Nakoda News Desk··2 min read
Brent fell below $103 a barrel in early Wednesday trade after the AP reported Democrats had taken the Senate, while attacks on shipping near the Strait of Hormuz continued.
By Nakoda News Desk··2 min read
The oil giant will move AI, compute and digital assets into HUMAIN and put in about SAR 9.9 billion ($2.6 billion) in cash this year, while the Public Investment Fund keeps 51 per cent.
By Nakoda News Desk··2 min read
The US company says its new wall-climbing robot can find structural damage at energy sites without taking them offline, and it expects to announce an agreement with ADNOC Onshore on Wednesday.
By Nakoda News Desk··2 min read
The Chinese carmaker says the GX has more than 4,000 regional orders, 800 of them in the UAE, and that it is bringing its humanoid robot and flying cars to the Gulf.
By Nakoda News Desk··3 min read
The Dubai Future Foundation will oversee the complex, which will be built next to Zabeel Park and is expected to be running within five years, with a focus on AI, robotics and health, urban and environmental technology.
By Nakoda News Desk··3 min read
The campaign asks users to stop and check before clicking, sharing or sending, while Meta says its AI detection systems are catching about 5,000 scam attempts a day that its review teams had previously missed.
By Nakoda News Desk··2 min read
Qatari mediators flew to Tehran overnight to discuss a draft deal negotiated over eight days, but a senior Iranian official told Reuters the two sides remain far apart on Hormuz, sanctions and the US naval blockade.
By Nakoda News Desk··3 min read
Non-oil revenue rose 20% in the quarter, but financing costs and subsidies climbed sharply, taking the nine-month shortfall to SR244.3 billion against a full-year estimate of SR165.4 billion.
By Nakoda News Desk··2 min read