China’s factory activity shrinks as US tariffs, slowdown hit orders

BEIJING: China’s factory activity shrank more than expected in June, an official manufacturing survey showed, highlighting the need for more economic stimulus as US tariffs and weaker domestic demand ramped up pressure on new orders for goods. The Purchasing Managers’ Index (PMI) stood at 49.4 in June, China’s National Bureau of Statistics said on Sunday, […]

Dubai’s DP World in ‘very advanced’ talks to buy Topaz Energy

DP World Plc is in advanced discussions to acquire Topaz Energy & Marine Plc in what would be the Dubai-based company’s first venture into the oil and gas sector. The world’s largest port operator is in “very advanced” discussions to acquire Dubai-based Topaz, DP World said in a statement. There can be no certainty of […]

Dubai is set to be at the fore of exponential thinking

By embracing disruptive innovation into its operations and seeking ways to actively shape the future, the Dubai 10X initiative was launched with the aim of setting Dubai 10 years ahead of all other cities. Singularity University Program Director, Sally Dominguez, explains how Dubai’s position and exponential mindset will take innovation in the UAE to new […]

Dubai is sowing the seeds for agricultural sector growth

Dubai’s future food sustainability will most likely be rooted in technology, and businesses are actively participating in this drive. Boosting the firepower of agri-tech startups, Dubai is investing heavily in the agriculture industry, supporting the UAE’s vision in becoming the world’s best in the Global Food Security Index by 2051.