Gold rises after Fed rate cut lifts global investor demand
WASHINGTON, December 13, 2025: Gold prices climbed globally on Friday after the United States Federal Reserve cut its benchmark interest rate by 25 basis points to a range of 3.50%...
Category : Business
Oracle shares fall as revenue growth slows in latest fiscal quarter
AUSTIN, Texas, December 11, 2025: Oracle Corporation shares dropped sharply after the enterprise software company reported quarterly revenue that fell short of Wall Street expectations, signaling a slowdown in the...
World Bank report shows UAE tops Gulf in 2025 growth
WASHINGTON, December 4, 2025: The World Bank has projected that the United Arab Emirates’ economy will expand by 4.8 percent in 2025, driven by balanced growth across...
Nvidia posts $57 billion quarter yet stock turns lower
SANTA CLARA, California, November 21, 2025: Nvidia Corporation’s stock fell sharply on Thursday despite the company reporting another record quarter that exceeded Wall Street’s expectations. The decline came as analysts cautioned that...
US approves sale of F-35 fighter jets to Saudi Arabia
WASHINGTON, November 19, 2025: The United States has approved the sale of F-35 Lightning II fighter jets to Saudi Arabia, marking a significant shift in American defense exports...
Samsung to invest $310 billion in AI and chip expansion
SEOUL, November 17, 2025: Samsung Group announced on Sunday that it will invest $310 billion over the next five years to expand its technology capacity, with a...
Etihad Airways posts record AED 1.7 billion nine-month profit
ABU DHABI, November 14, 2025: Etihad Airways reported a record profit of AED 1.7 billion (US$463 million) for the first nine months of 2025, marking the strongest...
Egypt foreign reserves exceed 50 billion dollars milestone
CAIRO, November 12, 2025: Egypt’s net international reserves have exceeded US $50 billion for the first time, marking 38 consecutive months of growth, according to official data...
Space42 expands digital coverage with Thuraya-4 rollout
ABU DHABI, November 10, 2025: Thuraya, a subsidiary of Space42, has launched its next-generation mobile communications satellite, Thuraya-4, marking its first commercial rollout in South Africa....
Emirates Group posts record AED10.6 billion half-year profit
DUBAI, November 6, 2025: The Emirates Group reported a record half-year profit of AED10.6 billion (US$2.9 billion) for the first six months of the 2025–26 financial year, a...