Author: Arabian Media staff
Tyson’s stock rises as earnings beat expectations, as strength in the chicken business offset weakness in beef. Source link
The eight OPEC+ countries that previously announced additional voluntary production cuts — Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman — convened virtually on August 3, 2025, to assess global oil market conditions and the economic outlook. Following their earlier decision on December 5, 2024, to gradually and flexibly phase out the 2.2 million barrels per day (bpd) in voluntary cuts beginning April 1, 2025, the group confirmed it would implement a production adjustment of 547,000 bpd for September 2025, relative to August’s required levels. This move represents four incremental monthly increases. The countries noted that the…
Shares of Wayfair were climbing toward the highest prices seen in more than year after earnings beat expectations. Source link
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Image credit: Cavendish Maxwell Report Abu Dhabi’s residential market maintained its growth momentum in Q2 2025, with average prices rising by 6.4 per cent quarter-on-quarter to Dhs 1,230 per square foot, according to global property consultancy Knight Frank’s latest Abu Dhabi Residential Market Review. This brings the emirate’s total annual growth to 17.3 per cent, and represents a 31.3 per cent increase in values since Q1 2020. Read-Abu Dhabi real estate market surges 39% in H1 2025 Apartments outperformed other segments during the quarter, with values jumping 6.8 per cent to Dhs 1,296 per square foot. On a year-on-year basis,…
Tesla’s stock was set to climb Monday as CEO Elon Musk’s pay package was approved. That could boost his stake in the company to more than 500 million shares. Source link
Image credit: WAM Emirates Post has launched a commemorative stamp in partnership with Arab postal administrations to mark Arab Postal Day, celebrated annually on August 3. The stamp highlights the evolving role of postal services in fostering community connection and supporting socio-economic development across the region. Read-Ramadan in Dubai: Visitors welcomed with a special stamp According to the Emirates News Agency (WAM), the initiative underscores Emirates Post’s commitment to pan-Arab cooperation and advancing regional integration within the postal sector. The stamp design reflects the transformation of Arab postal services—from manual processes to the integration of advanced digital technologies and artificial…
Citi think the rally for AI-enablers has room to run before the ‘handoff” to AI-adopters Source link
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Image: Supplied Mitsubishi Power, a brand of Mitsubishi Heavy Industries (MHI), has successfully completed and handed over a groundbreaking hydrogen fuel conversion project at the Alexandria National Refining and Petrochemicals Company (ANRPC) refinery in Egypt. The initiative marks the first industrial application of hydrogen as fuel in an industrial boiler in both Egypt and the wider MENA region. Announced in 2022 as a full turnkey contract, the project involved Mitsubishi Power managing the design, engineering, supply, and installation of equipment and control systems. The team rehabilitated and upgraded a 100-tonne-per-hour boiler, enabling it to operate entirely on hydrogen, transitioning from…