Author: Arabian Media staff
Image credit: Getty Images OpenAI launched on Thursday, August 7, its GPT-5 artificial intelligence model, the highly anticipated latest installment of a technology that has helped transform global business and culture. OpenAI’s GPT models are the AI technology that powers the popular ChatGPT chatbot, and GPT-5 will be available to all 700 million ChatGPT users, OpenAI said. Read-OpenAI rolls out new shopping features with ChatGPT search update The big question is whether the company that kicked off the generative AI frenzy will be capable of continuing to drive significant technological advancements that attract enterprise-level users to justify the enormous sums…
Image: Supplied DP World has expanded its automotive logistics capacity at Jebel Ali Port with the launch of a 2.6 million square foot vehicle storage yard at Terminal 4, as Dubai moves to meet rising demand in global vehicle trade. The upgrade adds 13,000 car equivalent units (CEUs), increasing total storage capacity at the port to 75,000 CEUs. The move strengthens Dubai’s role as the region’s top automotive trade hub. The expansion also includes an 800-metre quay, capable of handling three roll-on/roll-off (RoRo) vessels at the same time. RoRo operations have now been relocated from Terminal 1 to the newly…
Image: Supplied Parkin, Dubai’s largest paid public parking operator, posted a sharp rise in second-quarter results, with total revenues, EBITDA and net profit all climbing sharply year-on-year. Strong financial performance in Q2 The company booked revenues of Dhs320m in Q2, up 56 per cent from Dhs205.5m in Q2 2024. EBITDA surged 41 per cent to Dhs189.3m, yielding a margin of 59 per cent. Net profit also jumped 56 per cent to Dhs 148.4m. The company added about 11.1k new parking spaces (a 6 per cent increase), boosting its portfolio to 211.5k spaces. Parking transactions climbed 15 per cent to 33.2 million, while seasonal card sales hit a…
Image: Getty Images A 3.5-magnitude earthquake was recorded in the UAE during the early hours of Friday, August 8, 2025, the National Centre of Meteorology (NCM) announced. According to the NCM, the quake struck at 12:00 a.m. UAE time in Al Sila’a, Abu Dhabi, at a depth of three kilometres. The tremor was mildly felt by some residents but caused no damage or impact, the centre confirmed. Source link
Image: Aramex Aramex reported group revenues of Dhs3.06bn for H1 2025, marking a 1 per cent year-on-year increase as strong performance in domestic and regional logistics offset continued declines in international express shipments. The logistics and transportation company noted that customer behaviour is shifting towards regional and local solutions, a trend that has reshaped its business mix. Domestic Express revenues rose 13 per cent year-on-year in H1, Logistics jumped 22 per cent, and Freight Forwarding increased 8 per cent, while International Express revenue dropped 15 per cent over the same period. Profitability squeezed by product mix shift The shift in…
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Image: Getty Images/ For illustrative purposes As global tax norms tighten and economic diversification becomes a policy priority across the Gulf Cooperation Council (GCC), family offices in the region find themselves at a strategic inflection point. The days of operating in low-disclosure, tax-light environments are gradually giving way to a new era of transparency, regulation, and cross-border compliance. For family offices — guardians of multigenerational wealth and private capital — this shift demands more than passive adaptation; it requires a redefinition of governance, purpose, and geographic footprint. At the same time, the GCC, and particularly the UAE, are well placed…
L to R: Cheryl Cairns, head of international construction practice and Karie Akeelah, partner in construction disputes practice at Trowers & Hamlins, both based in Dubai/Image: Supplied As mega projects continue to reshape the skylines of the Gulf, legal experts are sounding the alarm on a parallel surge: a rise in complex international construction disputes. “Projects in the Middle East tend to involve significant costs, multiple stakeholders and new technologies, with highly compressed timelines,” says Cheryl Cairns, head of international construction practice at Trowers & Hamlins. “Given the scale and complexity of mega projects in the region, there is an…
Image: Hub71 Ahmad Ali Alwan, CEO of Hub71, is steering Abu Dhabi’s tech ecosystem into a mature, scale-up phase. Under his leadership, Hub71 welcomed its 16th cohort in February, onboarding 27 startups selected from over 1,300 applications across programs including Access, Hub71+ ClimateTech, and Hub71+ Digital Assets. These startups had collectively raised over $145m (Dhs532m) prior to joining, adding momentum to an ecosystem now home to 357 startups . Building on this momentum, Hub71 partnered with Google for Startups in May to launch the Google for Startups Accelerator: AI First programme in Abu Dhabi. This accelerator targets AI-focused startups in…
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