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…
As global technology companies race to develop AI-powered smart glasses, South Korean startup LetinAR is focusing on one of the most important parts behind the technology — the optical lens system. The company, backed by LG Electronics, recently raised $18.5 million in new funding ahead of its planned public listing in South Korea in 2027….
Ferragamo has appointed Yigit Turhan as its new Chief Brand Officer as the luxury fashion house continues efforts to strengthen its global brand and improve business performance. Turhan, who previously held senior marketing positions at Valentino and Gucci, will be based in Milan and oversee several key brand functions including marketing, communications, visual merchandising, customer…
Chinese artificial intelligence startup Moonshot AI has secured around $2 billion in fresh funding, pushing its valuation to approximately $20 billion as investor interest in open-source AI technology continues to rise. The Beijing-based AI company is known for developing the Kimi series of large language models, which have become increasingly popular among developers and businesses…
UNICEF has warned that obesity among children and teenagers has now surpassed undernourishment worldwide for the first time, marking a major global public health concern. According to a new report released by the organization, rising consumption of ultra-processed foods and unhealthy eating habits are driving a sharp increase in obesity rates among people aged five…
Today, Cerebras Systems is one of the fastest-growing names in the artificial intelligence hardware industry, supplying advanced AI chips to major technology companies including OpenAI and Amazon Web Services. However, the company’s journey to success was far from easy. According to co-founder and CEO Andrew Feldman, Cerebras came dangerously close to failure during its early…
