BusinessLatest Business and Company Updates
Sheikh Mohamed, Musk discuss AI cooperation
President His Highness Sheikh Mohamed bin Zayed Al Nahyan held talks with American entrepreneur Elon Musk, focusing on advances in artificial intelligence and emerging technologies and how cross-border collaboration can accelerate innovation with practical benefits for societies and economies.The meeting underscored Abu Dhabi’s ambition to position itself as a global
Region
Al-Futtaim Takes Nearly Half of Cenomi in SAR2.52bn Deal
Al-Futtaim has finalised the acquisition of a 49.95% stake in Cenomi Retail for SAR 2.52 billion, after agreement to purchase shares at SAR 44 per share from major founding shareholders. This marks a significant foreign investment in Saudi Arabia’s retail
UAE moves to ease tax burden on sports bodies
UAE authorities have introduced a targeted corporate tax exemption for specific sports entities, signalling a policy push to deepen the sector’s economic role while aligning regulation with global standards. The Ministry of Finance said Cabinet Decision No of 2026
Binghatti secures strong demand for debut long sukuk
Dubai-based property developer Binghatti has priced a $500 million five-year sukuk after attracting demand that significantly exceeded the issue size, underscoring sustained investor appetite for higher-yield Gulf credit despite tighter global financial conditions. The Islamic bond was priced on Thursday
![etihad airways[1]](https://thearabianpost.com/wp-content/uploads/2024/03/etihad-airways1-80x80.jpg)
