Low oil prices have contributed to a weaker Hajj economy in Saudi Arabia this year. More than 1.9 million people are predicted to attend this year’s pilgrimage, down from a peak of three million in previous years. Business owners catering to Mecca visitors say government cutbacks in the Kingdom and in some neighbouring countries mean many would-be pilgrims have less money to spend on the journey.
UAE lists second Sovereign Retail T-Sukuk on Nasdaq Dubai
The Ministry of Finance has announced the official listing and commencement of secondary-market trading for its second five-year Sovereign Retail T-Sukuk on Nasdaq Dubai on Friday, following the successful completion of subscription, allocation, and settlement.
Abu Dhabi invests AED 300 million to advance public transport
Abu Dhabi has announced plans to invest AED 300 million to upgrade its public transport system with smart tech.
Paramount gets court green light on Warner Bros deal
A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.
Google announces Gemini 4 flagship AI model after months of delays
Alphabet's Google has announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models on Wednesday in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.
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