Berlin-based startup Peec AI has reportedly surpassed $10 million in annualized revenue, marking rapid growth for one of Europe’s emerging artificial intelligence companies. According to reports, the startup more than doubled its revenue trajectory within a few months after previously reporting annualized revenue of over $4 million shortly after launching. The company recently raised a…
Gold prices in Dubai remained under pressure on Friday as global economic uncertainty and rising bond yields continued to impact precious metal markets. The price of 24K gold opened at Dh545.75 per gram, slightly lower than Thursday’s closing price of Dh547.50 per gram. Gold prices have now fallen by around Dh25 per gram since reaching…
India and the United Arab Emirates have agreed to strengthen their strategic partnership by expanding cooperation in defense, energy, and advanced technology sectors during the visit of Indian Prime Minister Narendra Modi to the UAE. According to India’s foreign ministry, both countries approved a framework for a strategic defense partnership aimed at deepening long-term security…
More than 10 years after the failure of Google Glass, Google is preparing to return to the smart glasses market with a new AI-powered wearable device. The company revealed its latest smart glasses during its annual developer conference, announcing plans to launch the product later this year. The new glasses will include a small camera…
Dubai Holding has become the largest shareholder in Emaar Properties after acquiring the full stake previously owned by Investment Corporation of Dubai (ICD). Following the transaction, Dubai Holding’s ownership in Emaar has increased to nearly 30%, strengthening its position in one of the UAE’s largest real estate developers. According to data from the Dubai Financial…
Shuaa Capital reported a loss for the first quarter of 2026 as lower management fee income and weak advisory business activity affected overall financial performance. According to a statement filed with the Dubai Financial Market, the company recorded a net loss attributable to shareholders of AED10 million (approximately $2.7 million) during the quarter. In comparison,…
Shares of UAE-based AIR Global experienced significant fluctuations during the company’s first day of trading on the Nasdaq stock exchange in New York. The company, which manufactures hookah products, vape devices, and flavoured tobacco molasses, saw its stock move sharply between highs and lows before ending the trading session at $10.50 per share. The stock…
Oman Investment Authority (OIA) has announced a strong financial performance for 2025, reporting a significant increase in profits as the fund’s total assets under management reached approximately OMR23 billion ($60 billion). According to the authority’s latest report, annual profit rose to OMR2.9 billion in 2025, representing an 86% increase compared to OMR1.6 billion recorded the…
Kuwait has approved the route corridor for its section of a planned high-speed railway connecting the country with Saudi Arabia, marking an important step toward improving regional transportation across the Gulf. According to local reports, Kuwait’s Municipal Council approved the railway route extending approximately 85 kilometers from the Saudi border to the Shadadiya area near…
Amazon has introduced a new feature for Alexa+ that allows users to generate personalized podcast episodes using artificial intelligence. The feature, called “Alexa Podcasts,” is now rolling out to users in the United States and is designed to create podcast-style audio content on demand based on topics chosen by users. According to Amazon, users simply…
