Nvidia’s AI-Driven Boom: 94% Revenue Surge Wows Nvidia, the tech giant renowned for its graphics processing units (GPUs), has stunned the market with an extraordinary 94% increase in revenue, primarily fueled by the surging demand for artificial intelligence (AI) technologies. This remarkable growth has not only surpassed analyst expectations but also solidified Nvidia’s position as…
Global Markets Navigate Geopolitical Tensions and Policy Anticipation Global financial markets experienced mixed performance on Tuesday as investors grappled with geopolitical tensions and awaited further announcements from the incoming White House administration. Stock indices showed varied results, while oil prices eased amid rising concerns over Russia-US relations regarding Ukraine. Stock Market Volatility Amid Policy Uncertainty…
Article: Bharti Global, the parent company of Bharti Airtel, has finalized a significant acquisition by purchasing a 24.5% stake in BT Group plc, the largest broadband and mobile company in Britain. The deal, announced in August 2024, involved Bharti Global acquiring the stake from Altice UK for approximately $4 billion, making it the single largest…
Article: The Trump administration’s initiative to ease regulations for self-driving cars marks a significant shift in the autonomous vehicle landscape. This move, aimed at allowing cars to operate without human controls, could potentially accelerate innovation and deployment in the rapidly evolving sector. The proposed changes are expected to benefit major players in the tech and…
Visa Expands Flexible Payment Solution to UAE, US Description: Visa’s Flexible Credential solution, offering users the ability to pay from multiple funding sources with a single card, is now available in the US and UAE. Partnerships with Affirm and Liv bank bring enhanced payment flexibility to consumers in these markets, building on the solution’s success…
Talabat Holding plc, a leading food delivery and e-commerce company, has announced its intention to list on the Dubai Financial Market (DFM). The company plans to offer shares to UAE Retail Investors, including eligible employees, and Professional Investors outside the United States, including those in the UAE. The subscription period for the UAE Retail Offering…
Talabat Holding plc, the parent company of the popular food delivery and grocery platform Talabat, has announced its intention to float on the Dubai Financial Market (DFM). This move marks a significant milestone for the company and highlights the growing interest in technology and consumer services companies in the UAE’s financial markets. The subscription period…
UAE’s Non-Oil Sector Activity Grows at Fastest Pace Since April The UAE’s non-oil sector has experienced significant growth, marking the fastest pace of expansion since April. According to the S&P Global UAE Purchasing Managers’ Index (PMI) for October, the sector’s activity has surged, reflecting a robust economic performance. The PMI rose to 54.1 in October,…
Emirates Group Reports Record-Breaking Profits in First Half of 2024-2025 The Emirates Group has achieved its best-ever half-year financial performance, posting a profit before tax of AED 10.4 billion (USD 2.83 billion) for the first six months of the 2024-2025 fiscal year. This remarkable achievement underscores the strength of the group’s business model and Dubai’s…
Dubai’s Economic Resilience: Non-Oil Sector Leads Growth Dubai’s economy has showcased remarkable resilience, with a 3.3% GDP growth in the second quarter of 2024, reaching Dh116 billion. This surge is primarily driven by the robust performance of the non-oil sector, highlighting the emirate’s successful diversification efforts. The S&P Global UAE Purchasing Managers’ Index (PMI) for…
