Saudi airlines were the only Gulf carriers with a big shopping list this year at Farnborough, one of the industry’s biggest airshows. Riyadh Air signed a deal for 34 Airbus and Boeing widebody jets, and budget carrier Flynas committed to 25 Airbus aircraft, while the UAE and Qatar, home to ...
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Abu Dhabi developer Aldar starts $27B expansion projectAbu Dhabi developer Aldar starts $27B expansion project
Abu Dhabi is building a 100 billion dirham ($27 billion) waterfront expansion on Saadiyat Island, the biggest single addition to the district yet. The emirate has spent two decades turning the area into a cultural hub, home to offshoots of the Louvre and Guggenheim museums. Aldar, the developer behind Yas ...
How energy costs will impact Africa’s exportsHow energy costs will impact Africa’s exports
During a recent visit to Nairobi, I accompanied a colleague to a dinner bringing together some of Kenya’s largest exporters. They sold everything from tea and avocados to flowers and leather, across East Africa, Europe, North America, the Middle East, and Asia. What struck me was how the gathering was ...
Carlyle strikes first deal in new defense pushCarlyle strikes first deal in new defense push
The News Carlyle has acquired Secturion Systems, the first deal from the private-equity firm’s new fund focused on medium-sized companies that sell to the government. The DC-based investment firm, which has $475 billion of assets under management, has been raising up to $3 billion for a new platform that focuses ...
Blackstone, KKR invest in Kuwait pipelinesBlackstone, KKR invest in Kuwait pipelines
Kuwait agreed to a long-term lease of its oil pipeline network in a $16 billion deal with Blackstone, Brookfield, and KKR. The investors will acquire a 49% stake in a joint venture with Kuwait Oil Company, which will have a 20.5-year lease on the pipelines and lease them back to ...
Senate Democrat’s new bills would restrict AI-powered ads and paid influencersSenate Democrat’s new bills would restrict AI-powered ads and paid influencers
The Scoop A flood of paid, unlabeled influencer marketing and AI-produced political ads has prompted a Senate Democrat to look at new restrictions on political advertising online. On Monday, California Sen. Adam Schiff plans to introduce two new bills that would attempt to illuminate who is paying influencers for political ...
Lull in Iran conflict tests TrumpLull in Iran conflict tests Trump
A second straight day without US-Iran strikes shifted attention from the battlefield to the White House, where President Donald Trump faces an increasingly narrow set of options. The weekend lull, following nearly two weeks of tit-for-tat attacks, appears to reflect strategic constraints as much as renewed diplomacy. While Trump has ...
Suspect in Berlin Pride attack killed after manhuntSuspect in Berlin Pride attack killed after manhunt
A deadly attack on a Pride celebration in Berlin on Saturday inflamed Europe’s fraught debate over migration and extremism. Authorities said a 21-year-old man — a German citizen whose family immigrated from Lebanon — drove a van into the crowd, killing one person and injuring more than 25. It comes ...
Tech leaders back open-source AITech leaders back open-source AI
A wave of US tech executives, led by Nvidia’s CEO, rushed to back the development of open-source AI models as divides in the industry widen. Jensen Huang’s letter, which was signed by Meta, Microsoft, and Palantir, argues that open models, which anyone can download and modify, drive innovation and commerce. ...
Iran and Ukraine wars merge in the Caspian SeaIran and Ukraine wars merge in the Caspian Sea
The Ukraine and Iran wars collided over the weekend, as Kyiv attacked an Iranian commercial ship in the Caspian Sea. Tehran accused Ukraine of trying to expand its war with Russia, while Kyiv said the ship contained military cargo headed to Iran. Ukraine also accused Russia of assisting Iran with ...