Author: Arabian Media staff

Image: IHC/ X International Holding Company (IHC) said on Thursday it has sold its entire 42.54 per cent stake in Modon Holding to L’imad Holding Company, a wholly owned entity of the Abu Dhabi government, as part of efforts to rebalance its portfolio and reinforce diversification. The transaction forms part of IHC’s active portfolio management strategy, which limits exposure to any single sector to below 20 per cent. The company said the sale will unlock additional liquidity to reinvest in priority sectors such as healthcare, technology, energy, food and agriculture, and financial services. Modon brought in robust revenues in 2024,…

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Images: Supplied The Hong Kong Science and Technology Parks Corporation (HKSTP) has been a key driver of Asia’s innovation ecosystem for over two decades. Located on the Tolo Harbour waterfront in Pak Shek Kok, the 400,000-square-metre campus provides a vibrant environment where science and technology companies can innovate and grow, supported by state-of-the-art R&D facilities, market-led laboratories, and other amenities that create a live-work-play ecosystem. HKSTP serves as a magnetic hub for the world’s brightest innovators and most ambitious capital, powering a dynamic ecosystem of nearly 25,000 working population. This is where students evolve into startup founders, and successful alumni…

Image: Dubai Media Office Intelligent power management company Eaton has announced the start of construction on the first phase of its 36,000-square-meter sustainable facility for advanced manufacturing, engineering, and training in Dubai, UAE, in partnership with Jebel Ali Free Zone (Jafza) — the flagship free zone of DP World. The milestone marks a major investment that reinforces Dubai’s D33 strategy and its ambition to become a global hub for high-tech manufacturing and innovation. The new multi-million-dollar facility will create over 700 jobs, including high-skilled positions in research, engineering, and advanced manufacturing, to meet growing customer demand across Europe, the Middle…

Image credit: Emirates/Website As turbulence becomes an increasingly serious challenge for global aviation, Emirates has adopted a forward-looking, data-driven strategy to deliver smoother, safer flights. The airline’s multi-layered approach, integrating real-time weather data and artificial intelligence, has already reduced unexpected severe turbulence across its vast international network, according to an Emirates Media report. Captain Hassan Alhammadi, divisional senior vice president Flight Operations at Emirates, said the carrier’s initiatives have begun to show measurable results. Read more-Emirates soars to further success: CCO Adnan Kazim on its growth and global reach “We recognise that turbulence remains an ongoing challenge that cannot be…

People are increasingly asking AI, not Google, to help them discover products. A recent shopping report says Americans, this holiday season, will likely turn to large language models this season to find gifts, deals, and sales instead of traditional search. Retailers could see up to a 520% increase in traffic from chatbots and AI prompts in 2025 compared to 2024, according to the report. For brands, that means figuring out how to show up in AI-generated recommendations, and fast. This surge in AI-driven traffic is the bet behind The Prompting Company, a YC-backed startup helping products get mentioned in AI…

Image credit: Supplied As global wealth shifts generations, Habib Bank AG Zurich’s leadership explains how trust, technology, and cultural insight are reshaping client expectations. Q1-With over three decades in global banking, what fundamental shifts have you observed in how ultra-high-net-worth (UNHW) individuals define ‘value’ in a private banking relationship, and what hasn’t changed? The basic definition of value amongst the UHNW segment remains unchanged, seeking banking relationships offering trust and quality service. However, as families become global they need wealth advisors that understand challenges of estate and tax planning, succession and wealth preservation. Industry is also seeing transfer of wealth…