Author: Editorial Team
DHAHRAN — Aramco reported adjusted net income of $33.4 billion for the second quarter of 2026, according to its quarterly and half-year financial results. Among its quarterly results, Aramco recorded $25.4 billion in cash flow from operating activities and $12.3 billion in free cash flow, which was impacted by a $14.6 billion working capital build. Quarterly base dividends totaled $21.9 billion. As of June 30, the gearing ratio stood at 6.2 percent. For the first half of 2026, Aramco’s adjusted net income reached $67.2 billion. Cash flow from operating activities totaled $56.2 billion, while free cash flow reached $30.9 billion.…
OMODA & JAECOO’s intelligent mobility ecosystem continues to gain global momentum as AiMOGA Robotics has surpassed 2,000 cumulative overseas robot deliveries across more than 60 countries and regions, highlighting the rapid international expansion of the company’s AI technologies that are expected to support the brand’s next generation of intelligent mobility experiences, including the upcoming OMODA 4 scheduled to arrive in the UAE later this year. Building on this global momentum, OMODA & JAECOO continues to strengthen its presence in the UAE, where the brand has already surpassed 5,000 vehicle sales and established a network of seven showrooms across Dubai, Abu…
Marc Veelenturf, Managing Director, CNS Middle East. Ghobash Group has appointed Marc Veelenturf as Managing Director of CNS Middle East in addition to the Group’s broader technology cluster. The appointment underscores Ghobash Group’s commitment to commercial excellence and its ongoing strategy to expand and innovate across its portfolio, with continued investment in digital technology and artificial intelligence. Marc’s leadership will be central to shaping the Group’s direction, and reflects its focus on secure digital innovation, data and AI as catalysts for regional advancement. Marc brings nearly 20 years of experience in the Middle East and more than 25 years of…
BHM Capital, the leading financial institution in the capital markets of the United Arab Emirates, has announced the establishment of its Consulting & AI-Enablement Department, reinforcing the company’s long-term strategy to expand its consulting capabilities and support organizations in leveraging artificial intelligence to drive innovation, improve productivity, and accelerate digital transformation. The new department reflects BHM Capital’s belief that artificial intelligence will play a defining role in shaping the future of business by enabling smarter decision-making, greater operational efficiency, and sustainable growth. Through this initiative, the company aims to deliver specialized consulting, AI advisory, and technology-enabled solutions to government, institutional,…
In a milestone moment for the resort, Sun Siyam Vilu Reef today officially unveiled its new Ocean Signature Villas with Pool and Slide during an exclusive launch event attended by local media, partners and VIP guests. The unveiling was led by Sun Siyam Founder, Chairman and Managing Director, Hon. Ahmed Siyam Mohamed, who introduced the resort’s most ambitious villa transformation to date. Sun Siyam Vilu Reef, part of Sun Siyam’s Privé Collection, has added 50 new overwater villas collectively known as the Ocean Signature Villas with Pool and Slide, comprising 48 one bedroom and two two-bedroom retreats. Marking the resort’s…
Samsung Electronics recently entered into an agreement, valued at over $200 billion, with Broadcom to expand collaboration across memory chips, foundry and advanced packaging technologies through to 2030. The pair signed a memorandum of understanding at the AI Summit in San Francisco, with the South Korean vendor explaining the tie-up aims to deliver “integrated semiconductor solutions for the AI era”. Under the agreement, the partners will collaborate on high bandwidth memory (HBM) for Broadcom’s next-generation AI accelerators. On the foundry side, Broadcom will tap Samsung’s 2-nanometre and below process technologies for products including Wireless Broadband Communications (WBC) solutions. The pair…
OMODA & JAECOO has unveiled its next-generation AI Smart Cockpit at OMODA SUPER AI NIGHT in Jakarta, Indonesia, where the all-new OMODA 4 made its Southeast Asia debut during a global technology showcase attended by government officials, media, dealers and industry representatives from across Southeast Asia and the Middle East. As one of the participating regions, the Middle East — and the UAE in particular — is expected to benefit from these latest intelligent mobility innovations, with the OMODA 4 scheduled to arrive in the UAE later this year, bringing a new generation of AI-powered driving experiences to local customers.…
Minister of Islamic Affairs, Dawah and Guidance and General Supervisor of Local and International Quranic Competitions Sheikh Dr. Abdullatif Al Alsheikh launched the new phase and regulatory guide for the 46th edition of the King Abdulaziz International Competition for Memorization, Recitation, and Interpretation of the Holy Quran, which will be held from Safar 23 to Rabi’ Al-Awwal 6, 1448 AH. The current edition has set a record, with 334 male and female contestants representing 133 countries, marking the highest participation since the competition was launched. The competition aims to encourage Muslim men and women to engage with the Holy Quran through…
“The Saudi Luxury Real Estate Show” has announced the participation of the “Real Estate General Authority” (REGA) as a Strategic Partner of the exhibition, to be held at the Peninsula Hotel in London, United Kingdom, from 24 to 28 August 2026. This partnership underscores the event’s importance as an international platform that brings together global investors, decision-makers, and real estate developers to explore investment opportunities in Saudi Arabia’s real estate sector. The “Real Estate General Authority” is participating in the event as a “strategic partner” through the “Saudi Real Estate” platform, the official electronic portal for non-Saudis to own real…
Further to the two statements issued by the Ministry of Foreign Affairs on Monday, July 27, 2026, and Tuesday, July 28, 2026, regarding the reprehensible drone attacks carried out against the Kingdom by Iran-backed militias in Iraq, and reaffirming the Kingdom’s determination to deter the perpetrators and its right to respond, the Ministry affirms that this aggressive course pursued by the Iran-backed terrorist militias in Iraq came at a time when the Kingdom was exerting every effort to help de-escalate tensions in the region in a manner that preserves its security and stability. Instead, these Iran-backed terrorist militias chose an…