British supercar maker McLaren plans to invest £500 million ($675 million) to expand its UK manufacturing and engineering operations on the back of a larger investment commitment from Abu Dhabi’s L’imad, its main shareholder. As part of the investment, the company will speed up development of…
Plans are under way to provide a direct connection between Mohamed bin Zayed City train station in Abu Dhabi and the emirate's Zayed International Airport. Etihad Airways and Etihad Rail announced an agreement to "study opportunities to improve connectivity" between the airport and the station on…
Ransomware activity across the Middle East has risen sharply, with organised criminal groups increasingly taking aim at Gulf businesses and sectors where disruption can put greater pressure on victims to pay, according to new research. Ransomware activity tracked by cybersecurity company CloudSEK…
The recent rise in US bond yields is emerging as a new source of investor anxiety after the 10-Year Treasury rose to a level not seen in almost two decades. A Bank of America fund manager survey on Tuesday said 33 per cent of respondents saw a “disorderly rise in bond yields” as the biggest market…
US Senator Bernie Sanders on Tuesday warned that the artificial intelligence boom could lead to job disruptions and unprecedented surveillance, eclipsing any benefits. The Independent Vermont senator delivered one of the main speeches on the need for AI regulation during the Pro-Human Assembly, a…
President Sheikh Mohamed met Syrian President Ahmad Al Shara in Abu Dhabi on Tuesday to discuss strengthening bilateral ties. The meeting took place during Mr Al Shara's working visit to the UAE, where he participated in the 24th Arab Media Summit in Dubai. The two leaders reaffirmed their…
A hacker demanded a ransom of more than $5 million after breaching a private sector company in the UAE, the country's cyber security chief has said. Dr Mohamed Al Kuwaiti, head of cyber security for the UAE Government, said the attack involved the destruction of data linked to the company's…
Bessent defended the administration's Treasury-market intervention, economic record and AI policy while lawmakers tried to pin him down on borrowing and energy.
Paris has been buzzing with high-profile visits to World Space Business Week, where hundreds of executives are lining up to launch services. For Karim Sabbagh, managing director of space technology company Space42, it was an opportunity to pitch a project intended to give the UAE a central role in…
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