Author: Arabian Media staff
One big event to start: We’re hosting the definitive event on private capital this autumn in London, where industry leaders will debate where the market’s headed, how to track down opportunities and what might be at risk of blowing up next. Want to be there? It’s invite-only, but as a DD subscriber, you can apply here to attend the summit on October 14.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday to Friday. Standard…
Image: Getty Images Saudi Arabia ranked first globally in the growth of international tourism receipts in Q1 2025 compared to the same period in 2019, according to the latest World Tourism Barometer published by UN Tourism. The kingdom also placed third worldwide and second in the Middle East in growth of international tourist arrivals, highlighting its expanding role on the global tourism map. During Q1 2025, Saudi Arabia recorded a 102 per cent surge in international arrivals compared with Q1 2019, far exceeding the global average of 3 per cent and the Middle East’s 44 per cent, the UN report…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief executive of Lloyds Banking Group and a member of the British Infrastructure Taskforce and the Defence & Economic Growth TaskforceThere has been some sobering news on the state of the UK economy over the past week. Weaker than expected data showed a contraction in GDP in May, the second month in a row of decline. That came after a warning by the Office for Budget Responsibility that the country’s ability to respond to future shocks has been severely weakened.…
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereToday’s agenda: Frozen Russian assets; EU budget plan’s eastward shift; Loro Piana case; UK tax reform; and the ‘cat bond’ marketGood morning. We begin in Washington where Donald Trump has threatened Russia with “severe” tariffs and other financial penalties if the war in Ukraine does not end soon.What happened: During a meeting with Nato secretary-general Mark Rutte in the Oval Office yesterday, the US president said…
Image: Supplied Kazakhstan has unveiled its first national supercomputer in a strategic partnership with UAE-based Presight, marking a milestone in the country’s digital transformation agenda. The launch event, attended by President Kassym-Jomart Tokayev and top government and technology leaders, was developed by the Ministry of Digital Development, Innovation and Aerospace Industry, in collaboration with Presight, a subsidiary of Abu Dhabi’s G42. The supercomputer to support Kazakhstan’s AI and research ecosystem Designed to support large-scale AI innovation, national data security, and cross-border cooperation, the supercomputer will serve as the technological backbone of Kazakhstan’s AI and research ecosystem. It will enable advanced…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.One Japanese tech group has emerged a significant, yet under-appreciated, beneficiary of the global artificial intelligence boom. Shares of Fujitsu have risen by nearly two-thirds from last year’s lows as it positions itself as a serious contender in enterprise AI transformation. Fujitsu has launched proprietary generative AI platforms and invested heavily in hybrid computing infrastructure as well as developing advanced liquid cooling systems that help reduce data centre power consumption. Yet even as its AI momentum accelerates, a crisis from the UK…
Image: Etihad Airways Etihad Airways carried 1.8 million passengers in June 2025, a 16 per cent increase compared to the same month last year, reflecting continued strong demand and strategic network expansion. The Abu Dhabi-based carrier’s passenger load factor climbed to 88 per cent in June, up from 86 per cent a year earlier. Etihad’s operating fleet now stands at 101 aircraft, enabling broader service enhancements across its growing network. In H1 2025, 10.2 million passengers flew with Etihad, up 17 per cent from the same period in 2024. The year-to-date average load factor is holding firm at 87 per…
The Chinese group is poised to outsell its US rival this year after it dramatically narrowed the technology gap between the two Source link
Image: Dubai Media Office Dubai Municipality has completed landscaping and afforestation projects worth Dhs190m ($51.7m) across major road intersections in the emirate during the first half of 2025, reinforcing the city’s commitment to sustainability and its long-term urban development plans. The large-scale works span more than 3 million square metres and include the planting of over 300,000 trees and seedlings, alongside 222,500 square metres of ground cover and flowers. The projects are part of the Green Dubai initiative and align with the Dubai 2040 Urban Master Plan, aimed at enhancing public spaces and quality of life for residents and visitors.…
Nvidia expects to be able to sell H20 chips in China once again after previously forecasting it would lose out on $8 billion in revenue this quarter related to sales restrictions. Source link