Middle East

Qatar Airways Unveils World’s First Human-Like AI Cabin Crew

Visitors to Dubai's Arabian Travel Market (ATM) will have the opportunity to meet, interact, and engage with the second generation of the world's first AI-powered cabin crew.


Dubai's Ruler Greenlights New Passenger Terminal Worth $34.85 Billion

Dubai announced that construction had begun on a new terminal at Al Maktoum International Airport, which the Gulf emirate's ruler claimed will be "the world's largest."..

MSC Darwin Ship Targeted by Yemen's Houthis in Gulf of Aden

Yemen's Houthi group claimed responsibility for the attack on the MSC Darwin ship in the Gulf of Aden and the launch of missiles toward the Israeli city of Eilat...

Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank

The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challen..


Latest News

Israeli transit app Moovit bags $28M to enhance service
Israel-based public transit app Moovit has closed $28 million from a funding round led by Sequoia to improve its service that gives commuters a real-time perspective of the best public transportation
Darty exits Turkish business to stem losses
Darty, the third-largest electricals retailer in the European region, had agreed to sell Darty Turkey to eliminate losses in non-core markets. Darty has responded to weak consumer spending and competi
Tel Aviv court approves Elsztain, Ben-Moshe's takeover of debt-ridden IDB
The Tel Aviv District Court has cleared Eduardo Elsztain and Moti Ben-Moshe's rescue plan for highly indebted conglomerate IDB Holding Corp. The partnership's takeover bid has won support from IDB's b
AerCap's largest shareholder to vote in favor of $5.4 billion ILFC purchase
Al Waha Capital, AerCap's largest shareholder with a 26.3% stake, is in favor of the Dutch aircraft leasing company's $5.4 billion acquisition of International Finance Corp. ILFC is owned by American
Dubai World subsidiary exits 50% stake in landmark hotel Fontainebleau Miami Beach
Istithmar World, a subsidiary of state-owned conglomerate Dubai World, has sold its 50% stake in Fontainebleau Miami Beach to Florida-based developer Turnberry Ltd. for an undisclosed sum.
Blackstone, CCMP, Investcorp are remaining bidders for Italy's Versace
Private equity firms Blackstone Group, CCMP Capital and Investcorp are the only remaining bidders for a minority stake in Italian fashion house Versace. Versace seeks to exit a 20% stake in the first
BP inks $16 billion tight gas project deal in Oman
Reuters said in its report that Britain's BP PLC has closed a $16 billion deal to develop Oman's Khazzan tight gas project. Construction of the tight gas project is expected to begin next year, while
Spanish discount grocer DIA in talks to acquire El Arbol for €100 million
Spanish food retailer DIA on Monday said that it is negotiating a possible purchase of supermarket chain El Arbol for €100 million. If the deal goes through, DIA will be the third-biggest grocer in Sp
Japan to invest $2M to revive Iran's Anzali lagoon
The Japan International Cooperation Agency (JICA) will pour in $2 million in three projects aimed at reviving the degraded Anzali lagoon in Iran, according to an environment official cited by IRNA new
Grand Cinemas appoints CEO, unveils expansion phase
Parent company Gulf Film welcomed Debbie Stanford Kristiansen as new chief of its subsidiary, cinema chain for UAE Grand Cinemas as it prepares to implement plans for its next phase of expansion.
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