investment

Google to acquire cloud security platform Wiz for $32 billion

Google Cloud's acquisition boosts cloud security and enhances multicloud capabilities in the AI era

UAE gold prices up AED1.5, global rates hit record high ahead of Fed decision

The Fed is expected to maintain interest rates at 4.5 percent amidst economic uncertainty

MBRGI commits $599 million to support 149 million people globally

H.H. Sheikh Mohammed bin Rashid chaired MBRGI Board of Trustees meeting

Trump, Sheikh Tahnoon discuss strengthening UAE-U.S. ties in key sectors

Both parties explored long-term collaboration opportunities in AI, healthcare, and industrial development

SAL Logistics invests $1.07 billion in new logistics zone in Riyadh’s Falcon City

Project will feature high-quality Class A warehouses, scalable storage solutions and cutting-edge operational infrastructure

GCC banking sector poised for growth in 2025 on strong capital levels

Banks in the UAE will maintain robust growth in their lending activities, bolstered by relaxed monetary policies and a favorable economic environment

Abu Dhabi to become world’s first fully AI-native government by 2027 in partnership with Microsoft, Core42

High-performance sovereign cloud computing environment will be capable of processing over 11 million daily digital interactions

Global GDP growth to slow from 3.2 percent in 2024 to 3.0 percent by 2026: OECD

OECD warned that increased trade restrictions will hurt global economic performance and raise inflationary pressures

U.S. Bitcoin ETFs record $5.4 billion in outflows in five weeks

Bitcoin has dropped 21 percent over the last three months

Air Arabia shareholders approve 25 percent dividend after $435.6 million profit before tax

In 2024, Air Arabia added 31 new routes from its hubs in the UAE, Morocco, Egypt, and Pakistan

Kuwait central bank issues bonds valued at $792 million

The issuance is valid for three months, at an income rate of 4.125 percent

Oil prices climb to $71.32 amid Mideast tensions, China’s stimulus

West Texas Intermediate (WTI) crude futures also rose by 0.4 percent to $67.61 per barrel