WASHINGTON —The White House on Wednesday asked the US Congress to approve $87.6 billion in additional funding, mostly to meet “urgent needs” connected with the US war on Iran, setting the stage for another fight with lawmakers already frustrated with the conflict. The supplemental funding request, posted on the White House website and transmitted to Congress, includes $67.15 billion for the military, in addition to some $1 trillion appropriated last year and another $1.5 trillion President Donald Trump wants for next year. The White House Office of Management and Budget sent the formal request for the funds on Wednesday in…
Author: Editorial Team
Raja Agrawal, VP-Middle East and Africa, Nebius. The AI cloud company deepens its regional push, with the Dubai-based hire leading go-to-market strategy across enterprises, governments, and research institutes. Nebius, the AI cloud company listed on Nasdaq, has appointed Raja Agrawal as Vice President for the Middle East and Africa, deepening its commitment to one of the world’s fastest-growing AI and cloud markets. Based in Dubai, Agrawal leads the company’s go-to-market strategy for the region, expanding customer adoption across enterprises, governments, research institutes and the public sector. Agrawal brings more than two decades of experience at the intersection of enterprises and…
OSUS Real Estate has announced the expansion of its operations in Makkah through the development of a distinctive residential project within Masar Destination, one of the most prominent urban development projects in the Holy City, with SAR 1 billion in investments. The project includes the development of three residential towers comprising approximately 690 residential units across three land plots located in the third zone, closest to the commercial complex within Masar Destination, in partnership with Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, and Al Rajhi Capital. The project represents an extension…
RIYADH — Saudi Arabia’s merchandise exports increased by 9.3 percent in April 2026, driven by an 11.7 percent rise in oil exports, according to the General Authority for Statistics (GASTAT). The increase, based on GASTAT’s monthly reports,is in comparison with the same period in 2025. The Kingdom’s merchandise trade surplus increased by 100.8 percent year-on-year, with imports declining by 5.2 percent. Oil exports accounted for 68.8 percent of total merchandise exports in April 2026, up from 67.4 percent in April 2025. Non-oil exports, including re-exports, increased by 4.5 percent compared with April 2025. However, national non-oil exports, excluding re-exports, declined…
DUBAI — Oil prices fallen to levels before the US-Israel war on Iran as traffic through the Strait of Hormuz shipping route gradually resumes, raising expectations of supply from the Middle East outweighed demand concerns. The price of Brent crude has reached its lowest since February 27, before the war started. Prompt-month Brent crude futures for August delivery fell $1.06 (1.44 percent) to $72.68 a barrel by 06:39 GMT, while US West Texas Intermediate (WTI) lost 76 cents (1.08 percent) to $69.58 a barrel. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at…
Qualcomm recently entered into as deal to purchase AI software company Modular for about $3.9 billion. This all stock-deal is aimed at strengthening Qualcomm’s software foundation for generative and agentic AI across data centre and edge environments. The deal will pair Qualcomm’s silicon expertise with Modular’s AI-native software platform, which is designed to run AI models efficiently across CPUs, GPUs, NPUs and custom ASICs without requiring separate rewrites for each type of accelerator. The chipmaker stated developers and enterprises will only need to build once ahead of deploying across multiple environments at a lower total cost of ownership. Qualcomm framed…
Preserving national heritage is one of the strategic objectives of King Abdulaziz Public Library. Through this mission, the library seeks to enhance access to knowledge, enrich cultural and civilizational content, generate, manage, organize, and publish knowledge resources, preserve and disseminate heritage content, and promote technological advancement and content digitalization. King Abdulaziz Public Library has strengthened its knowledge archive through the adoption of advanced technologies to accommodate its rich cultural holdings, particularly those related to national memory, creativity, history, and Arab and Islamic heritage. The library has embraced digital transformation and advances in information preservation, acquiring diverse materials including books, documents, rare…
NEW YORK — Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX’s public debut, according to data from Bloomberg. Plunging shares in Tesla and SpaceX dragged the tech magnate down to billionaire status. As of 4pm ET on Wednesday, Forbes listed Musk’s net worth as $970.2bn. The tech entrepreneur lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX’s public debut, according to data from Bloomberg. The Bloomberg Billionaires Index — updated daily at 17:30 in New…
Imagine walking into a shopping mall to buy a few things and walking away with the keys to a new home. That is exactly what Dubai Summer Surprises (DSS) is promising this year as it returns with its biggest-ever prize line-up, featuring 12 apartments worth more than Dh50 million, 35 cars, 3kg of gold and hundreds of thousands of dirhams in cash. The 60-day summer festival, which runs from July 2 to August 30, will also bring citywide sales, concerts, family attractions, restaurant offers and hotel deals across Dubai. The biggest attraction this year is the launch of Win Your…
SEATTLE — US officials “caused problems” for Iran forward Mehdi Taremi and assistant coach Saeed Alhoei, delaying their delegation as they travelled to Seattle for the World Cup match against Egypt, Iran’s football federation said on Wednesday. The reported incident comes days after US authorities eased travel restrictions on Iran’s World Cup delegation following complaints from Tehran and the team that strict entry rules were disrupting preparations. “During the national team’s third trip to the United States, host officials disturbed Saeed Alhoei and Mehdi Taremi, delaying the convoy’s departure to Seattle for the match against Egypt,” the federation said in…