Author: Arabian Media staff
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK medical robotics group CMR Surgical has put itself up for sale, seeking a valuation of as much as $4bn as the company plots its launch in the US, the biggest surgery market globally. Cambridge-based CMR, a success story in the UK life sciences sector, had hired advisers in recent weeks to begin work on a sale process, which was likely to elicit interest from large strategic buyers, three people familiar with the matter said. Founded in 2014, CMR competes with large…
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: xAI’s share sale; climate deprioritised under Bailey; Trump on Iran’s uranium enrichment; UK nuclear power; and EU-India tradeGood morning. We start with an exclusive story on Big Four accountancy firms, which are racing to create a type of audit that verifies the effectiveness of artificial intelligence tools as the companies seek to profit from clients’ demand for proof that their AI systems work and…
Capital markets need to be better attuned to individual countries’ goals and the interests of workers Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chinese tech companies designing their own advanced chips for manufacturing in Taiwan are set to be the hardest hit by new US restrictions on software tools.Smartphone maker Xiaomi is first in line to be affected, according to people with knowledge of the matter, after a US directive last month instructed electronic design automation (EDA) groups to stop supplying their technology to China.Xiaomi unveiled a breakthrough self-designed mobile processor in May. Its chip is on a leading-edge 3-nanometre node of miniaturisation and is…
Image: Supplied Merging haute horology with high-end real estate, Ohana Development recently partnered with Jacob & Co. to launch the Dhs4.7bn Jacob & Co. Beachfront Living by Ohana. This project introduces the world’s first Jacob & Co. Beach Club and Seafront Cigar Lounge. In this interview with Gulf Business, the company’s CEO Husein Salem shares insights into the genesis of this unique collaboration, the meticulous planning behind its world-first amenities, and the evolving landscape of branded residences in the Middle East. Jacob & Co. Beachfront Living by Ohana is positioned as a Dhs4.7bn development. How did the partnership with Jacob…
Image: Dubai Media office/ DDF Dubai Duty Free continued its record-setting run in May, posting sales of Dhs724.7m ($198.5m) – the highest monthly figure this year and a 12.5 per cent jump over May 2024. The result also makes it the second-highest sales month ever for a non-December period, trailing only behind November 2024, and landing ninth in all-time top monthly sales. Commenting on the May figures, Ramesh Cidambi, MD of Dubai Duty Free said, “May continued the strong growth story of 2025 and I am especially happy that the increase in sales was seen in many of the major…
This article is an on-site version of the India Business Briefing newsletter. To receive it in your inbox regularly, sign up if you’re a premium subscriber, or upgrade your subscription here.Good morning. It’s a feel good week in India, when everything looks golden. GDP is up, rains are here, chess champion Gukesh Dommaraju beat Magnus Carlsen again. (Yes, I know Trump will probably do something to jinx it, but let’s enjoy it while it lasts). In today’s newsletter: the ducks are in a row for a rate cut later this week. But first, Indian aviation is shedding all things Turkey.Going cold…
Ken and Dolores’s unlicensed Beijing bar lies behind an unmarked door in a gritty residential tower where a rowdy group of men play cards in the foyer. In the converted apartment in Beijing’s Olympic Park area, Ken, a civil engineer by training who asked to be identified by his English nickname, serves quirky cocktails at prices half or even less of those charged by the Chinese capital’s conventional drinking establishments.The couple’s “homebar” is one of dozens that have sprung up across the city as a domestic economic downturn drives cost-conscious consumers to desert more expensive traditional alternatives. Their proliferation is…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPresident Donald Trump has said he would insist that Iran completely dismantle its uranium enrichment programme as part of a nuclear deal with the US, appearing to contradict a proposal put forward by his own special envoy.The conflicting messaging over a possible nuclear deal follows media reports that under a proposal put forward on Saturday by the president’s special envoy, Steve Witkoff, Iran would be allowed to retain low levels of enrichment for civilian purposes if it agreed to temporarily…
Image: Getty Images/ For illustrative purposes We’ve all thought about it. What exactly does the CEO do all day? We may have considered this from the position of an employee, or launching a business and becoming the default CEO in the process, or perhaps being deep into a career full of leadership positions and taking a moment to reassess priorities. Whatever the case, it’s easy to fall into the trap of idealising someone else’s leadership, looking around and thinking that the well-known CEOs we see in the media are performing effortlessly. They’re not. Effective leadership can be complex. According to…