Author: Arabian Media staff

Image: Supplied Mubadala Energy, the Abu Dhabi-headquartered international energy company, achieved a 36.5 per cent reduction in Scope 1 and 2 greenhouse gas emissions in 2024, according to its latest Sustainability Report. The company also recorded a sharp 55 per cent drop in emissions intensity, falling from 15.57 to 6.95 tonnes CO₂e per kboe, driven by decarbonisation measures and improved operational efficiency. Further supporting its emissions progress, Mubadala Energy reported a 12.8 per cent reduction in flared gas across its portfolio. The company also introduced its first carbon pricing policy to guide its decarbonization strategy and strengthen climate-related decision-making. The…

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Image: Supplied Astra Tech, the UAE-headquartered consumer technology company, has announced the rebranding of PayBy, the platform powering botim’s financial services, to ‘botim money’, consolidating its fintech offerings under a single, consumer-facing brand. The move marks a major step in Astra Tech’s strategy to simplify financial access for millions across the region while enhancing user experience and everyday accessibility. Originally launched as the UAE’s first free VoIP calling app, botim now has more than 150 million users globally and has evolved into a key player in embedded finance. The platform supports the UAE’s national push toward a cashless economy, aligned…

Image: Supplied The advertising playbook is being rewritten. By 2030, industry forecasts predict that all media will effectively be retail media, where every impression is shoppable, every campaign measurable, and every customer interaction both brand-building and transactional. For MENA, this shift represents not just evolution but opportunity. With e-commerce growth outpacing global averages, mobile-first consumers, and super-app ecosystems taking shape, the region is poised to leapfrog legacy markets into a new era of connected commerce. In this conversation, Gulf Business speaks with Rayan Karaky, MD for EMEA and Southeast Asia at Amazon Ads, to explore key insights from the company’s…

Image: WAM DP World has announced plans to develop a cold storage facility in Egypt with an investment of $29m (approximately EGP1.42bn). The project follows the company’s acquisition of land within Elsewedy Industrial Development Park, located in Al Oula Industrial City, and comes amid growing demand for modern, energy-efficient storage solutions across the agri-export and frozen food manufacturing sectors. Spanning 16,194 square metres, the new facility will include eight independently controlled chambers with capacity for 25,000 pallet positions across chilled and frozen categories such as fruits, vegetables, dairy products, and processed foods. It will feature an advanced refrigeration system to…

The World Bank has lifted its growth outlook for the region encompassing the Middle East, North Africa, Afghanistan and Pakistan for 2025, though trimmed its forecast for next year, citing conflict and lower oil production in Iran and Libya. The Washington-based lender said it now expected regional GDP growth across MENAAP economies to average 2.8 per cent this year, up from 2.6 per cent forecast in its April growth outlook. This was driven by Gulf states seeing a boost in economic activity following a faster than anticipated phasing out of oil productions cuts and growth from the non-oil sector. “The…

Antonio Roulet Magides, CEO of Solvent Global, and managing member of Solvent Capital Partners. At just 29 years old, Antonio Roulet Magides is already a disruptor in his field. As founder and CEO of Solvent Global, and managing member of Solvent Capital Partners, he represents a new generation of fintech entrepreneurs transforming compliance from a back-office necessity into a strategic advantage. Headquartered in London and New York, Solvent Global has built what Magides calls “the compliance operating system for the next generation of financial services.” Its API-first platform helps major banks, insurers and hedge funds automate KYC, sanctions screening and…

Image credit: Getty Images The UAE Ministry of Finance (MoF) has completed a set of proposed legislative amendments to embed its updated excise tax policy on sugar-sweetened beverages (SSBs) into national law. The reforms align with the Gulf Cooperation Council’s (GCC) adoption of a tiered volumetric model, aimed at creating a unified and health-focused taxation system across member states. The revised policy is scheduled to come into effect on January 1, 2026, according to a report by the Emirates News Agency (WAM). Read more-UAE’s new tax on sugary drinks: What it means for you, businesses The proposed amendments aim to…

The agreement closely ties the startup at the centre of the AI boom to AMD, one of the strongest rivals of Nvidia. (Image credit: Getty Images) AMD will supply artificial intelligence chips to OpenAI in a multi-year deal that would bring in tens of billions of dollars in annual revenue and give the ChatGPT creator the option to buy up to roughly 10 per cent of the chipmaker. Shares of the chipmaker surged more than 34 per cent on Monday, putting them on track for their biggest one-day gain in over nine years and adding roughly $80bn to the company’s market…

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, launched Dubai Founders HQ. The flagship initiative is designed to strengthen the emirate’s startup and small and medium enterprise (SME) ecosystem. Dubai Founders HQ A joint initiative by the Department of Economy and Tourism (DET) and the Chamber of Digital Economy, Dubai Founders HQ is the first-of-its-kind “phygital” platform. It combines a physical campus with a comprehensive digital ecosystem. The platform brings together founders, investors, corporates, and enablers under one…