Author: Arabian Media staff
Image: Supplied ADNOC Drilling recently reported record-breaking H1 2025 results, with significant revenue and profit growth driven by fleet expansion, accelerated production plans, and heavy investment in AI and technology. The company’s revenue was up 30 per cent year-on-year to $2.37bn, EBITDA rising 19 per cent to $1.08bn, and net profit up 21 per cent to $692m. Segment performance was robust: onshore revenue surged 18 per cent to $1bn, offshore edged up 1 per cent to $671m, and oilfield services exploded by 127 per cent to $689m. In this discussion with Gulf Business, CFO Youssef Salem shares insights into the…
Abu Dhabi is cementing its position as a global hub for artificial intelligence (AI), driven by world-class infrastructure, progressive legislation, and a thriving investment climate. The emirate’s flagship global tech ecosystem, Hub71, attracted 13 new AI-focused start-ups in the first half of 2025, bringing its total to 53 companies specialising in AI innovation. The latest cohort represents top entrepreneurial talent from around the world, underscoring Abu Dhabi’s appeal as a destination for high-value tech investment. AI firms in Abu Dhabi Ahmad Ali Alwan, CEO of Hub71, saidthe platform plays a critical role in scaling these businesses by offering mentorship, facilitating…
Image credit: Getty Images Gold extended gains to a third straight session on Thursday, supported by rising expectations of an interest rate cut by the US Federal Reserve in September following tame inflation data, which also weighed on the dollar. Spot gold rose 0.4 per cent to $3,367.53 per ounce as of 0156 GMT. US gold futures for December delivery added 0.3 per cent to $3,416.70. Read-UAE Central Bank boosts gold reserves by over 19% in Q1 “Markets are pricing in the chance that the Fed cuts 50 basis points in September. So the dollar’s weakening, gold’s going up as…
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Image: Supplied Dubai International Airport (DXB) expects to handle more than 3.6 million passengers between August 13 and August 25 as families return from summer holidays and students travel ahead of the new school year, operator Dubai Airports. Daily passenger traffic is expected to average 280,000 during the period, with the busiest day forecast for Friday, August 15, when numbers are set to exceed 290,000. The travel surge comes after a record-breaking H1 2025, when Dubai welcomed 9.88 million international overnight visitors, a 6 per cent rise from a year earlier, and DXB processed more than 46 million passengers, maintaining…
Visa vs. Mastercard: An Overview The electronic payments industry is dominated by four companies. Visa, Mastercard, American Express, and Discover are responsible for handling the majority of the world’s card payments. Visa and Mastercard present distinct offerings, as neither company is involved with extending credit or issuing cards. This means that all Visa and Mastercard payment cards are issued through some type of co-branded relationship. While the two companies don’t extend credit or issue cards, they do partner to offer the broadest array of products encompassing credit, debit, and prepaid card options. Key Takeaways Visa and Mastercard are the two…
Key Takeaways Low-cost and tuition-free online schools offer significant savings on tuition compared with traditional colleges.There are concerns about how employers view degrees from these institutions.Programs at these universities may have hidden fees. As the cost of higher education continues to climb, the promise of a “low-cost” or “tuition-free” online degree can sound like a dream come true for prospective students. These programs offer significant savings and the flexibility to learn at your own pace. However, despite their appeal, they may also have hidden costs and less prestige than traditional institutions. How Do Low-Cost and Tuition-Free Online Schools Work? In…
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