Business
Air Arabia posted AED 278 million in Q1 2026 net profit as regional airspace disruption cut capacity, while revenue rose to AED 1.8 billion.
The Bharat Maritime Insurance Pool gives India domestic cover for hull, cargo, P&I and war risk on ships tied to Indian trade routes now.
EMSTEEL reported AED 2.2 billion in Q1 2026 revenue as EBITDA rose 82% and net profit climbed 246% on wider margins for the Abu Dhabi group.
South Korea ICT exports climbed to $42.7 billion in April as semiconductor demand drove a record annual gain and a wider trade surplus.
ADNOC Distribution reported record Q1 2026 profit and EBITDA growth as fuel volumes, retail sales and network expansion lifted results.
India and Vietnam upgraded ties to an Enhanced partnership on May 6 in New Delhi setting a $25 billion trade goal for 2030 and signing 13 pacts. In key sectors.
Asian Development Bank pledged $30 billion through 2030 to help ASEAN expand energy links, deepen markets and build resilience regionally.
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide.
Technology
Space42 says local assembly and testing of Foresight satellites in Abu Dhabi show the UAE is building stronger space manufacturing capability.
NEW DELHI: India is preparing a new fund worth more than 1 trillion rupees, or about $11 billion, to support domestic semiconductor production, according to a report published Thursday. The report said the proposed funding would provide subsidies for chip design projects, manufacturing equipment and the development of a local semiconductor supply chain, covering activities that range…
EuroWire, LEIPZIG: BMW Group has launched a pilot project using humanoid robots in production at its Plant Leipzig, marking the company’s first deployment of humanoid robotics on a factory floor in Germany. BMW announced the project on Feb. 27 and provided additional details on March 9, describing the move as part of what it calls “Physical AI,”…
CUPERTINO: Apple on Tuesday introduced updated 14-inch and 16-inch MacBook Pro models powered by its new M5 Pro and M5 Max chips, positioning the laptops for professional workflows and expanded on-device artificial intelligence. Apple said the systems add faster storage, updated wireless capabilities and Thunderbolt 5 connectivity while keeping the same form factors. Preorders opened Wednesday, March…