IMF praises global economy’s resilience against energy shock
As per the watchdog, the 'tug of war' between the negative energy supply shock and growth tailwinds from the AI boom has spread beyond the
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UAE real estate H1 2026: Dubai, Abu Dhabi show resilience amid geopolitical volatility
Dubai, the main hub of the industry, during the period, saw a 37.4% year-on-year increase in the number of licensed buildings
UAE insurance sector assets reach USD 44.9 billion, says Central Bank data
The industry's gross written premiums rose to AED74.8 billion in 2025, up 14.9% from AED65.1 billion in 2024
South Africa’s property sector witnessing generational directions, says BetterBond
South Africa’s mature buyers are becoming increasingly influential, spending more on property purchases than any other age group
Google expands Gemini AI platform for law firms, to simplify repetitive works
Google, in the coming days, will be unveiling industry tools for the financial services sector, followed by other industry-specific offerings
Iran effect: Equinor to accelerate work on Tanzania LNG export plant
The massive Tanzania gas deposit, as per the East African country's estimates, is expected to cost about USD 42 billion to develop
Upward equipment rentals push Saudi construction costs 2.3% higher in July
The Construction Cost Index, published by the GASTAT, showed residential costs increasing 2.2% annually, while non-residential costs rose 2.6%
Alibaba shares slide as Chinese giant offers AI stocks at sharp discount
While Alibaba's main operational domain, e-commerce, is witnessing growth stagnation, AI has emerged as the group's biggest driver of revenue growth
Nvidia eyes investing in Perplexity AI’s USD 30 billion-plus valuation round
The successful completion of the funding round would increase Perplexity's valuation by more than 50% from its previous financing a year ago
Tesla, 10 other automakers begin record recall of nearly 4.3 million vehicles in China
China will ban concealed door handles from 2027, making it the first country to phase out a design popularized by Tesla