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News
Chinese Long March rocket explodes 90 seconds after liftoff
9+ hour, 24+ min ago (142+ words) The failure was the “workhorse” rocket family’s second this year, as Beijing races to achieve launch parity with the US. A Chinese Long March rocket carrying a communications satellite exploded shortly after liftoff Monday, the âworkhorseâ rocket familyâs…...
Nvidia partners with lenders to finance AI infrastructure
9+ hour, 59+ min ago (235+ words) The chip giant joined six major Wall Street firms to lend more than $500 billion. Nvidia on Monday said it would partner with lenders to help it finance the buildout of AI infrastructure through a series of vehicles totalling more than…...
UAE establishes mandatory pet register as ownership soars
16+ hour, 33+ min ago (165+ words) Failure to register a prize pooch with the Department of Municipalities and Transport can now cost owners 1,000 dirhams ($272) per animal. Soaring pet ownership has left Abu Dhabi trying to get a tighter leash on the issue Its solution: mandatory pet…...
Dubai developers ride out property slowdown
17+ hour, 3+ min ago (189+ words) Five months into the US-Iran war, activity has slowed, but prices have remained more stable. Dubai developers ride out property slowdown Emaar, whose buildings dot the Dubai skyline, booked a 21% rise in revenue in the first half of the year,…...
Yemen conflict risks reigniting following Houthi strikes on Saudi Arabia
18+ hour, 12+ min ago (177+ words) The Houthis fired on the southern Saudi region of Najran last week and on Saudi Aramco’s Jazan refinery on Sunday. The risk of the Yemen war fully reigniting is growing, following a series of strikes by the Iran-backed Houthis on…...
Private-sector loan defaults hit record high
18+ hour, 15+ min ago (141+ words) Most defaults are in healthcare, but there are concerns this could spread to software, which makes up 20% of lending. Defaults on private-credit loans hit their highest level in at least five years, a major stress test for the growing industry…...
Egypt could be the latest addition to the Mecca defense pact
18+ hour, 43+ min ago (101+ words) The so-called Mecca pact commits members to jointly retaliate against attacks on any of them in the style of NATO’s Article 5. Egypt could be the latest addition to the Mecca defense pact The so-called Mecca pact, which was formed against…...
AfCFTA signs $3.1B deal to deploy new customs system
18+ hour, 58+ min ago (127+ words) The deal with Nigerian company Bergmans Security Consultants aims to improve trade across Africa. The African Continental Free Trade Area signed a $3.1 billion deal with Nigerian company Bergmans Security Consultants to deploy a customs system aimed at improving trade in…...
Tanzania, Uganda agree plans for East African energy hub
18+ hour, 57+ min ago (190+ words) The two countries signed an agreement with Vitol, the world's largest independent oil trader, to transform Tanzania’s Tanga Port. Tanzania and Uganda signed an agreement with Vitol, the worldâs largest independent oil trader, to develop Tanga Port into a…...
Fridge-free vaccines could prompt Africa immunization breakthrough
18+ hour, 57+ min ago (167+ words) Vaccines that can be stored without refrigeration have been successfully trialed in patients for the first time. Vaccines that can be stored without refrigeration have been successfully trialed in patients for the first time, marking a potential breakthrough for immunization…...