For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
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Oil giant Saudi Aramco reported a sharp rise in first-quarter profit on Sunday, citing strong operational resilience and the ability to maintain exports despite disruptions to shipping through the Strait of Hormuz.
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A Qatari liquefied natural gas (LNG) tanker was sailing toward the Strait of Hormuz on Saturday in what would be the first such transit since the outbreak of the US-Israel- Iran war, even as uncertainty persisted over peace efforts with Washington still awaiting Tehran's response to a proposal.
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Oman has officially launched the Greater Muscat Structure Plan, a landmark urban strategy that lays out a bold vision to transform the capital region into one of the Middle East’s most sustainable, connected and competitive metropolitan areas.
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The UAE sealed hundreds of billions of dirhams in industrial deals, investments, and commitments this week at Make it in the Emirates 2026 — the fifth and largest edition of the country’s flagship industrial platform — closing a week that demonstrated the UAE is 'built to keep building'.
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Khalifa Economic Zones Abu Dhabi – KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, part of AD Ports Group, has signed a long-term land lease agreement with Abu Dhabi Refreshment Company to establish a state-of-the-art beverage production and distribution facility in KEZAD.
A US trade court has struck down President Donald Trump’s latest 10 percent global tariffs, ruling that the across-the-board duties were not justified under a decades-old trade law.
Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has invested $75 million in WHOOP, the human performance company.
The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a memorandum of understanding, making ADNOC the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF).
The UAE's air defences are currently dealing with missile and drone attacks originating from Iran, the UAE Ministry of Defense said in an X post.
US forces attacked Iranian military facilities after Iran launched “unprovoked” missile, drone and small boat attacks against American warships transiting the Strait of Hormuz, US Central Command (CENTCOM) said.
The Savola Group, a leading strategic investment holding group in the regional food and retail industry, has reported a 50.4% growth in its net profit for the first quarter, while its revenue hit SAR7.3 billion ($1.94 billion), helped by stronger performance in its food processing business and improved margins.
Abu Dhabi-based TA’ZIZ has announced that its joint venture with Swiss-headquartered Proman, has achieved financial close on $2 billion financing for the UAE’s first world scale methanol plant in Al Ruwais Industrial City. The transaction was significantly oversubscribed, underscoring the strong global confidence in its strategy.
The Emirates Group reported record 2025–26 results, with profit before tax rising 7% to $6.6 billion, revenue increasing 3% to $41 billion, and cash assets growing 12% to $16.2 billion across Emirates airline and dnata.
Bahrain's Works Ministry, in collaboration with Northstar Technology, has implemented an advanced, solar-powered emergency communication system along the NBH Loop, a 50-kilometre dedicated cycling, running, and walking track located in Zallaq.
Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20, 2026 at the Oman Convention and Exhibition Centre in Muscat, under the patronage of the Ministry of Energy and Minerals.
Amadeus, a travel technology company, reported Q1 2026 revenue growth of 3.1% (7.9% constant currency). Adjusted EBIT increased 6.6%, and diluted EPS rose 8.8%. Free cash flow reached €273.6 million ($323 million), up 4.5% year-on-year, reflecting continued financial performance improvement.
The UAE General Civil Aviation Authority (GCAA) has transitioned Archer’s Midnight aircraft into a Restricted Type Certificate (RTC) programme, advancing the regulatory path for the aircraft's entry into service in the UAE.
For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
Mered, a leading real estate developer, has unveiled a floating sales gallery on the waters of Al Reem Island, created as an exclusive introduction to its waterfront project - Riviera Residences - in Abu Dhabi. A first-of-its-kind immersive venue, it signals a new chapter in experiential real estate in the UAE.
Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has invested $75 million in WHOOP, the human performance company.
The UAE Ministry of Higher Education and Scientific Research today announced the temporary transition to remote learning across all higher education institutions in the country, effective from Tuesday, May 5, 2026, through Friday, May 8, 2026.
Tanishq, a leading Indian jewellery brand and a TATA product, has announced the launch of its Festival of Exchange across the UAE. The campaign, headlined by cricket icon Sachin Tendulkar, offers zero per cent deduction on the exchange of old gold, across all its outlets in Abu Dhabi, Dubai and Sharjah.
Riyad Capital, one of Saudi Arabia’s largest asset managers, has signed an agreement to establish a $400 million real estate fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company to develop Riyadh's Dar Al Salam project.
Bahrain's Works Ministry, in collaboration with Northstar Technology, has implemented an advanced, solar-powered emergency communication system along the NBH Loop, a 50-kilometre dedicated cycling, running, and walking track located in Zallaq.
ROX, a premium automotive manufacturer specialising in intelligent new energy vehicle, has announced a strategic agreement with Khalifa Economic Zones Abu Dhabi - KEZAD Group to establish the Middle East’s first Advanced AI Manufacturing Centre for luxury vehicles.
The Global Games Show in Riyadh, Saudi Arabia, will be held on June 29 and 30, 2026, highlighting the Kingdom’s position as an internationally recognised gaming and e-sports destination.
Bahrain's Ministry of Interior (MOI) has announced that security authorities had uncovered a group linked to Iran’s Revolutionary Guard Corps (IRGC) and the ideology of Wilayat al-Faqih.
