Author: Arabian Media staff

Image credit: Getty Images Apple is reportedly preparing to announce its iPhone 17 lineup in early September, continuing its tradition of fall hardware events. While the standard model appears to be an evolution rather than a revolution, significant design and performance upgrades are expected in the Pro variants—and the timing aligns closely with the company’s annual release pattern. Read-Apple just leveled up AirPods: Here’s what’s new According to industry sources, including Bloomberg’s Mark Gurman, Apple is targeting the week of Monday, September 8 for its keynote presentation—a date that coincides with the period immediately following Labor Day in the United States.…

ASML shares skidded on Wednesday after the microchip equipment maker warned sales might not grow at all next year. Source link

Renault shares fell 16% on Wednesday after the French automaker issued a profit warning that will lead to job cuts. Source link

Image credit: Supplied photos ANAX Capital Financial Markets LLC, is strengthening its position as a player in the regional and global trading space. The firm reaffirmed its commitment to delivering a seamless, secure trading experience backed by advanced technology, regulatory compliance, and a client-first service model. The entity is a First Category license holder regulated by the UAE Securities and Commodities Authority (SCA License No. 20200000258), Founded earlier this year, ANAX Capital has attracted attention from institutional and active investors alike, drawn by its institutional-grade infrastructure and governance standards. Image credit: Supplied With a paid-up capital of Dhs30m, the firm…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s financial regulator has fined Barclays £42mn for failing to properly manage money laundering risks on two occasions. The Financial Conduct Authority on Wednesday said Barclays had been fined for “failings in its financial crime risk management”, including opening a client money account for wealth manager WealthTek, which was shut down for “serious regulatory and operational issues”. “One simple check it could have done was to look at the Financial Services Register before opening the account. Had it done so, it…

US President Donald Trump sealed a trade deal with Indonesia and the UK had a secret plan to immigrate Afghans to Britain after a data leak. Plus, tariffs have finally hit US inflation, and climate change is driving the sale of catastrophe bonds. Mentioned in this podcast:Donald Trump announces trade deal with Indonesia Catastrophe bond sales hit record as insurers offload climate risksUK set up secret Afghan immigration scheme after data leak and gagged mediaUS inflation reaches 2.7% as Trump tariffs hitToday’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, and Marc Filippino. Additional help from Blake Maples,…

Image: ADNOC The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it plans to transfer its 24.9 per cent stake in Austria’s OMV to its wholly owned international investment arm, XRG, as part of a strategy to consolidate its global growth portfolio. The transfer, which remains subject to regulatory approvals, is in line with ADNOC’s broader push to streamline its international holdings under XRG. ADNOC reaffirmed its commitment to OMV, stating that the longstanding partnership will continue through XRG, and expressed support for OMV’s future growth and success. ADNOC advancing its efforts to set Borouge Group International In a…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Swiss luxury group Richemont’s top jewellery brands Cartier and Van Cleef & Arpels increased their sales by more than 10 per cent for the third quarter in a row, as wealthy shoppers maintained their appetite for high-end goods despite geopolitical uncertainty.The increase in jewellery sales, which account for more than two-thirds of revenues, offset a decline in Richemont’s other divisions. Excluding exchange-rate fluctuations, sales across the entire group rose 6 per cent in the three months to the end of June compared…

Image: Dubai Media Office Emirates Gas, a wholly owned subsidiary of ENOC Group, has signed a Memorandum of Understanding (MoU) with the Umm Al Quwain Free Trade Zone Authority (UAQ FTZ) to become the exclusive provider of comprehensive gas solutions to businesses operating within the free zone. The agreement marks a strategic milestone in Emirates Gas’ expansion and aligns with ENOC Group’s broader vision to deliver reliable energy solutions across the UAE. The signing ceremony took place at ENOC Group Headquarters in the presence of Sheikh Mansoor Bin Ibrahim Al Mu’alla, executive director of Ports, Customs and Free Zone Corporation…

‘When China walks into the room, the profit walks out,’ is Gave’s description of who will win AI battle Source link