Air Arabia reported a decline in first-quarter profit for 2026 as regional airspace closures and operational disruptions affected airline operations across the Middle East. The Sharjah-based airline announced that net profit fell by 22% to Dh278 million during the January to March period, compared to Dh355 million recorded in the same quarter last year. The…
Flipkart has reportedly paused its plans for an initial public offering (IPO) as ongoing market uncertainty continues to affect India’s technology and startup investment environment. According to reports, the Walmart-owned e-commerce giant has decided to delay discussions related to its stock market listing due to rising volatility in financial markets and growing uncertainty caused by…
Ola Electric has approved a major investment of Rs 2,000 crore into its electric vehicle and battery manufacturing businesses as the company strengthens its focus on localisation and large-scale production. According to a recent regulatory filing, the company’s board approved an investment of Rs 1,500 crore into its subsidiary Ola Electric Technologies and an additional…
Ooredoo Group has reported strong financial results for the first quarter of 2026, with profits rising as demand for telecom and data services continued to grow across several Middle Eastern markets. The company announced that net profit attributable to shareholders increased by 5% compared to the same period last year, reaching more than QR1 billion…
The emergency financial support package introduced by the Central Bank of the UAE has reached nearly $2 billion in assistance since its launch earlier this year in response to regional tensions linked to the Iran conflict. According to recent figures, loan repayment deferrals under the program have climbed to AED6.2 billion (approximately $1.7 billion). The…
Major technology companies including Microsoft, Google, and xAI have agreed to share unreleased AI models with the U.S. government for testing before they are launched to the public. The initiative is aimed at reducing cybersecurity risks and improving safety as artificial intelligence systems become more powerful and widely used. The testing will be carried out…
Meta has acquired robotics startup Assured Robot Intelligence as part of its growing focus on humanoid artificial intelligence. The financial details of the deal were not disclosed. The acquisition highlights Meta’s increasing investment in robotics and advanced AI systems that can interact with the physical world. According to the company, Assured Robot Intelligence specializes in…
Tesla has expanded its autonomous ride-hailing service, known as robotaxi, to the cities of Dallas and Houston. The announcement was shared through the company’s official social media channels, along with a short video showing Tesla vehicles operating without drivers in the front seat. With this move, Tesla’s robotaxi service is now available in three cities,…
Recent data from LinkedIn shows that global hiring has declined by around 20% since 2022. However, the company says artificial intelligence is not the main reason behind this slowdown—at least for now. Speaking at a global economic event, Blake Lawit explained that while hiring activity has dropped, there is no clear evidence that AI is…
Microsoft has introduced three new artificial intelligence models as part of its strategy to strengthen its position in the rapidly growing AI industry. The new models are designed to generate text, voice, and images, showing the company’s focus on building advanced multimodal AI systems. The announcement was made by Microsoft’s AI research division, which is…
