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CodeRabbit secures $143 million for AI governance push // Google AI agents expose over 100 critical code flaws // Saudi Arabia raises US Treasury holdings to $142.5bn // Google AI agents expose over 100 critical code flaws // Hormuz: Trump’s territorial bravado and Iran defiance // Alpro Group and AstraZeneca Collaborate to Advance Early Detection Across the Cardio-Kidney-Metabolic Spectrum and Raise Awareness of Hyperkalemia // 10Life Test: Airline Add-On Travel Insurance Priced by Airfare — Same Coverage, Premiums Differ by up to 34% // Abu Dhabi book fair moves to September // Former Meta insider recounts daughter’s Instagram ordeal // Bitcoin leaps past $68,000 as shorts unwind // Google AI agents expose over 100 critical code flaws // Google AI agents expose over 100 critical code flaws // At Just 27, Hamdan Bin Turki Al Mehairi Is Building One of the Most Ambitious Business Groups // Tesson Holdings Limited Launches “Tesson Smart Energy” Strategy to Accelerate Industrial Deployment of New Energy Ecosystem in Mainland China and Hong Kong // Tesson Holdings Limited Launches “Tesson Smart Energy” Strategy to Accelerate Industrial Deployment of New Energy Ecosystem in Mainland China and Hong Kong // Oil prices climb as Iran tensions deepen // Medusa ransomware breaches more than 500 organisations // Young Americans turn wary as AI job fears grow // Dubai tourism recovery gathers pace with flight returns // Warsh Fed will do nothing to derail rally in US bank shares //

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The UAE’s Foreign Exchange and Remittance Group (FERG), comprising of businesses engaged in money exchange and remittances in the country, has ramped up its awareness strategy to combat cybercrime.  The strategy focuses on disseminating information to member exchange houses to combat cybercrime activities costing the global economy over $110 billion every year, said a statement. Rajiv Raipancholia, FERG secretary and Orient Exchange’s chief executive officer, said: “Not […]

Leading telecommunications operator du has launched its all new Basic TV packages aimed at delivering specific customer needs, by launching four unique language based packages. It includes South Asian, French, English and Arabic, aimed at enhancing its TV customers’ experience by offering them the option to subscribe to one or more of these packages from just Dh39 ($10.6)per month, said a statement. The four new packages offer […]

UAE.  Latest business survey data pointed to a robust and accelerated expansion in Dubai’s private sector output during August. Furthermore, the rate of business activity growth was the fastest seen since May, with all three monitored sub-sectors reporting stronger output growth in the latest survey period. The rebound in activity growth was underpinned by a stronger expansion in new business, which increased at the strongest rate in […]

ABU DHABI // As Sheikh Mohammed bin Zayed continued to meet the families of the 45 servicemen who were killed in Yemen one week ago, charitable organisations and leaders have offered to provide support to their families. Sheikh Mohammed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, met bereaved families in Fujairah and Ras Al Khaimah. And, in the capital, Sheikh Rashid […]

ABU DHABI // Some had never met them personally, others did not even know their names, but this did not stop thousands turning out for the funerals of two of the fallen servicemen. On Saturday at Bani Yas Cemetery, the services took place for Mohammed Al Hosani and Mohammed Khalid, two of the 45 soldiers killed in the Yemen rocket attack. Mohammed Al Mazroui attended the funeral […]

Aden // Residents of Aden are slowly getting their lives back on track thanks to thousands of tonnes of UAE aid being distributed across the city. The historic port was left ravaged after it was attacked and occupied by Houthi rebels from northern Yemen. Many from Aden fled to other parts of the country or overseas to escape the fighting. Those that remained have faced a breakdown […]

Xpress Money, a leading global money transfer brand, has launched its Xpress Money Rewards Program, which provides customers a guaranteed cash back, each time they transact with Xpress Money. Customers who enrol for the program get an instant advantage of Dh5 cashback on their very first transaction and will continue to get Dh2 cashback for all subsequent transactions. Customers can also earn Dh1 on each transaction done […]

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DUBAI // Drivers are sharing cars, using public transport and even moving house in response to this month’s increase in petrol prices, a survey suggests. Nearly one in five would consider car pooling or using school buses, and nearly a quarter would use public transport more often. One in five intend to reduce their commute by moving to a home closer to work or to public transport […]

EY, a leader in assurance, tax, transaction and advisory services, has acquired Seren, an international digital consultancy based in the UK with a significant footprint in the Middle East and North Africa (Mena) region.  Seren has been working closely with governments, banks and media organisations in the Mena region to drive digital business transformation through a customer-centred approach to design, said a statement. Gerard Gallagher, Mena advisory […]

The UAE, which leads the Arab world for network readiness, must take full advantage of the potential offered by ICT solutions to drive social and economic transformation, according to experts. Considerable challenge is facing the UAE as it seeks to develop the infrastructure, institutions, and skills needed to reap the full benefits of ICTs, added senior executives from Cisco, a global leader in IT. Out of 143 […]

The recent action taken by the UAE to eliminate fuel subsidies has rekindled the debate on tax reform in the GCC, with the focus on domestic implementation of a broad-based Value Added Tax (VAT) on goods and services. While countries are facing an increasing amount of pressure on their national budgets, every GCC government understands the urgent need for fiscal-sustainability, added the report “VAT in the GCC […]

The UAE’s gross domestic electricity consumption has more than doubled over the past 10 years, and is expected to grow even more rapidly over the next five years as the country undergoes substantial population and economic growth, according to a recent study. The study by management consultancy Strategy&, formerly Booz & Company, revealed that energy usage in the UAE has grown at an annual average of four […]

UAE. The recent action taken by the UAE to eliminate fuel subsidies with effect from 1 August 2015 ignited the debate on tax reform in the Gulf Cooperation Council (GCC) countries. Whilst these countries are facing an increasing amount of pressure on their national budgets, every GCC government understands the urgent need for fiscal-sustainability in the long-term. This urgency, according to Deloitte’s latest report “VAT in the […]

UAE. After a decade of finding bargains in real estate markets against the backdrop of a secular weak US Dollar, as well as a regime of declining interest rates, foreign investors in the last year have faced the prospect of sharply higher housing prices in Dubai, as their nations’ currencies have fallen against the US dollar. In times of a weak dollar market, real estate prices have […]

SpeedCast International, a leading satellite telecommunications service provider, has won a multi-year communications contract from Gulf Marine Services (GMS).  The new dual-beam Ku-band satellite service will provide high-performance broadband connectivity for client office applications and voice services across nine GMS barges, said a statement. GMS is one of the largest providers of self-propelled, self-elevating accommodation jack-up barges in the world, it said.  The vessels work in offshore […]

INTERNATIONAL. In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In October, Saudi sources first prepared the market with statements that the country would be comfortable with oil prices as low as $80 per barrel for “a year […]

ABU DHABI // For Ahlam Al Qasim and Fatema Al Khouri the sky isn’t the limit – they have big plans to go farther. The Emiratis have returned from a two-week internship with the Italian Space Agency (ISA) and now hope to forge a career in the industry and play a part in the UAE’s Mars mission. “I’ve been interested in space science ever since I was […]

The three Emirati soldiers who were killed in Yemen on Saturday will forever be remembered for their heroic actions, Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, said. “They have written glory and heroism with their blood for the sake of peace and backing trodden people,” said Sheikh Mohammed during visits to the soldier’s families. “Allah will bless our martyrs whose memories and sacrifices […]

UAE. Media outlets in the UAE and elsewhere have picked up on a variety of recent stories regarding the use of social media in the UAE.  These stories include one about an Australian expat being arrested, jailed and deported after posting a picture of a car taking up two disabled parking spots.  A similar story from earlier in the summer related to an appellate decision to overturn […]

Payfort, a leading online payment service provider, has launched its installments service in the United Arab Emirates, Saudi Arabia and Egypt. The new service that makes it easy for ecommerce merchants to offer pay-via-installment options to customers and gives consumers greater purchasing power. “Many consumers show a preference for purchasing-via-installments, but methods of processing monthly installments in common usage in the region have proved cumbersome for consumers,” […]

ABU DHABI // Sky News Arabia has started broadcasting its radio service on 90.3 FM in the UAE. The frequency was previously used by the BBC World Service, which stopped broadcasting on June 30. “Our audience will receive comprehensive news bulletins 24/7 that cover a gamut of Arab and international news developments in real time. This coverage will include news focused on politics, economy, sports, as well […]

The yield on bonds of Abu Dhabi has decreased four basis points since 22 July, the day the UAE announced the move to remove fuel subsidies, Bloomberg reported. While the average yield on developing-country debt has increased 13 basis points since the 22 July announcement of fuel-price deregulation, the yield on bonds of Abu Dhabi has declined four basis points. The yield on bonds of the neighboring […]

ABU DHABI // Representatives from the Bahraini National Space Science Agency visited the UAE Space Agency’s headquarters in Abu Dhabi. According to state news agency Wam, Dr Khalifa Al Rumaithi, the UAE Space Agency chairman, and Dr Mohammed Nasser Al Ahbabi, director general, along with other senior officials welcomed the Bahrain delegation led by chairman Dr Mohammed Al Amer. The two sides discussed cooperation and ways of […]

UAE. Women are just as likely as men to find employment in small and medium-sized businesses in the UAE, according to the latest research by business intelligence company MEED. Of the more than top 50 SMEs in the Emirates which participated in the study, 50 per cent said they employ an equal number of women and men in their organisations. About 40 per cent even reported having […]

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Just in:
10Life Test: Airline Add-On Travel Insurance Priced by Airfare — Same Coverage, Premiums Differ by up to 34% // Dubai tourism recovery gathers pace with flight returns // At Just 27, Hamdan Bin Turki Al Mehairi Is Building One of the Most Ambitious Business Groups // Saudi Arabia raises US Treasury holdings to $142.5bn // CodeRabbit secures $143 million for AI governance push // Alpro Group and AstraZeneca Collaborate to Advance Early Detection Across the Cardio-Kidney-Metabolic Spectrum and Raise Awareness of Hyperkalemia // Medusa ransomware breaches more than 500 organisations // GitHub Actions reliability falls below enterprise benchmark // Rupee weakens as oil and geopolitical risks mount // Former Meta insider recounts daughter’s Instagram ordeal // Google AI agents expose over 100 critical code flaws // OpenAI slows frontier AI work after security breach // Young Americans turn wary as AI job fears grow // Bitcoin leaps past $68,000 as shorts unwind // UK fraud filings reach first-half record // Allianz Trade in Asia Pacific appoints China CEO // Warsh Fed will do nothing to derail rally in US bank shares // Medusa ransomware breaches more than 500 organisations // Hormuz: Trump’s territorial bravado and Iran defiance // Google AI agents expose over 100 critical code flaws //