Author: Arabian Media staff
A frenzy of financial innovation has ensnared America Inc. What could go wrong? Source link
Image: Supplied EMSTEEL has delivered another strong quarter, underscoring its momentum as one of the region’s most resilient and forward-looking industrial players. Group revenue rose 13 per cent year-on-year in Q3 2025 to Dhs2.17bn while in the first nine months of year, the group’s revenue rose 10 per cent to Dhs6.5bn. The group delivered strong operational performance, increasing total steel sales volumes by 9 per cent year-on-year (YoY). Strong UAE market demand and optimised capacity utilisation enabled the full conversion of semi-finished products into finished goods to better serve customers. As a result, sales volumes of finished steel products rose…
Image: Supplied It’s peak IPO season in Dubai, with a succession of companies trying to capture the ever-growing retail investor demand for quality stock picks. Even as other stock markets – such as the red-hot one in the US – as well as assets such as gold and Bitcoin also try to draw in more investments their way. For the DFM and ADX, it’s been an interesting year, with both of the UAE’s stock markets signing up new investors to trade in listed stocks. The returns for these investors have been solid, with some recently listed companies continuing to offer…
Power demands of data centers have grown from tens to 200 kilowatts in just a few years, a pace that has data center developers scrambling to design future facilities that can handle the load. “In the next couple of years, it’s going to be 600 kilowatts, and then we’re going to a megawatt,” Tim Heidel, CEO of Veir, told TechCrunch. “We’re speaking to folks that are now trying to wrap their heads around the architecture for how you design data centers that have multi-megawatt racks.” At those scales, even the low-voltage cables that bring power to the racks start to…
World Labs, the startup founded by AI pioneer Fei-Fei Li, is launching its first commercial world model product. Marble is now available via freemium and paid tiers that let users turn text prompts, photos, videos, 3D layouts, or panoramas into editable, downloadable 3D environments. The launch of the generative world model, first released in limited beta preview two months ago, comes a little over a year after World Labs came out of stealth with $230 million in funding, and puts the startup ahead of competitors building world models. World models are AI systems that generate an internal representation of an…
Marc Manara, OpenAI’s head of startups, says the reality of AI has advanced far beyond ideas and experiments. AI-native companies are hitting $200 million in annual recurring revenue, and product cycles have shrunk from two-week sprints to single days. And OpenAI is helping. Today on TechCrunch’s Equity podcast, Russell Brandom sits down with Manara at TechCrunch Disrupt 2025 to explore how OpenAI is serving the startups building on its platform. Listen to the full episode to hear about: The shift from two-week sprints to one-day development cycles, and what that means for how startups should structure their engineering teams Why some startups are…
WisdomAI, the new AI data analytics startup from Rubrik co-founder Soham Mazumdar, has landed a fresh $50 million Series A led by Kleiner Perkins with participation from new investor NVentures (Nvidia’s venture capital arm). This round comes roughly six months after the startup announced a seed round of $23 million led by Coatue. WisdomAI offers AI-driven data analytics that can answer business questions from structured, unstructured, and even “dirty” data, meaning data that hasn’t been cleaned of typos or errors. A business user simply asks questions in natural language, such as, “How many customers do I have in my pipeline and…
Indian online brokerage platform Groww’s IPO on Wednesday proved to be the largest listing by an Indian fintech so far this year, as the company raised ₹66.3 billion (about $748 million) with its shares closing 29% higher from their issue price. The company’s shares opened at ₹112, about 12% above their issue price of ₹100, and closed at ₹128.85, lending it a market cap of ₹795 billion (approximately $9 billion). Groww’s listing comes amid a broader pickup in Indian startup IPOs. Eyewear retailer Lenskart made its market debut earlier this week, and payments platform Pine Labs is scheduled to list…
Image credit: Etihad Rail/Twitter The planned Etihad Rail network for the UAE is expected to include a stop at Al Maktoum International Airport (DWC), a move set to transform the nation’s travel landscape. Paul Griffiths, CEO Dubai Airports, envisions an integrated system where passengers en route to the airport can check in their baggage at train stations, effectively merging air and rail travel into a single, seamless journey. This vision, once realised, will position the UAE among the few nations globally offering a truly unified transport ecosystem, enabling travelers to move effortlessly from city centers to airport terminals without handling…
The GCC Power Grid which links six Gulf states expects to invest more than $3.5bn over the next 10 years to strengthen the grid, integrate renewable sources and open new export opportunities to neighbouring countries, the head of the grid’s operator GCCIA told Reuters on Tuesday. The GCC grid is due to connect to Iraq next April, its first external link beyond the region, and is also looking at connecting to Jordan and Egypt and possibly Syria in future, said Ahmed Al-Ebrahim, CEO of the Gulf Cooperation Council Interconnection Authority (GCCIA). GCCIA’s transmission system links the grids of all six Gulf Cooperation Council member states, stretching…