Author: Arabian Media staff
Image courtesy: PIF The Public Investment Fund (PIF) has once again been named the world’s most valuable sovereign wealth fund (SWF) brand, according to the latest rankings by Brand Finance, a leading independent brand valuation consultancy. In its 2025 edition of The Asset Management and Sovereign Wealth Fund 50, released on July 28, Brand Finance valued PIF’s brand at $1.2bn, an 11 per cent increase from 2024. This marks the second consecutive year PIF has claimed the top spot globally, a PIF report said. Read-PIF launches new company to deliver Expo 2030 Riyadh With an A+ brand strength rating and…
Image: Supplied WeRide‘s Robotaxi was granted Saudi Arabia’s first Robotaxi autonomous driving permit, making it the world’s only technology company with products holding autonomous driving permits in six countries: Saudi Arabia, China, the UAE, Singapore, France, and the US. With this permit, WeRide is authorised to operate an autonomous vehicle (AV) business and deploy Robotaxis nationwide in Saudi Arabia, starting with its pilot operations in Riyadh with Uber and local partner Ai Driver. Launched earlier this month, the pilot covers King Khalid International Airport and several key locations throughout Riyadh, including major highways and selected city center destinations. A full-scale…
Image: Dubai Airports Dubai International (DXB) recorded its busiest first half on record, welcoming 46 million guests in the first six months of 2025, marking a 2.3 per cent year-on-year increase. This growth was achieved despite temporary regional airspace disruptions in May and June, underscoring DXB’s operational agility and its vital role in global connectivity. In Q2 alone, DXB served 22.5 million passengers, up 3.1 per cent from the same period last year. April was the busiest month of the quarter and the most active April on record, with 8 million guests. Paul Griffiths, CEO of Dubai Airports, stated, “DXB’s…
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The Ministry of Human Resources and Emiratisation (MoHRE) has taken administrative and financial measures against 40 domestic worker recruitment offices in the UAE during H1 2025. This follows the confirmation of approximately 140 violations of the country’s Labour Law governing domestic workers and its implementing regulations. The ministry said it would not show leniency toward any recruitment office found to have committed legal or administrative violations. MoHRE warned that repeated non-compliance with regulations could lead to tougher penalties, including the potential cancellation of operating licences. In a statement on social media platform, X, MoHRE said the action comes as part…
Image: DIFC The Dubai International Financial Centre (DIFC) reported its best-ever half-year results in H1 2025, with record growth across financial services, innovation, and fintech sectors. A total of 1,081 new active registered companies joined DIFC between January and June 2025, a 32 per cent increase compared to the same period in 2024. The total number of active companies reached 7,700, up 25 per cent year-on-year. The number of professionals working in the centre rose to 47,901, a 9 per cent increase from a year earlier. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy…
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Shares of Beyond Inc. rose then fizzled after hours on Monday after the online retailer, which oversees the resurrected Bed Bath & Beyond and Overstock.com, reported second-quarter results that weren’t as bad as expected. Source link