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EU approves Adnoc's €14.7 billion acquisition of German chemical giant Covestro

The European Commission has conditionally approved Abu Dhabi National Oil Company's (Adnoc) €14.7 billion acquisition of Covestro, a major German chemical manufacturer. This decision marks one of the most significant foreign takeovers of a European industrial firm by a Gulf state entity, clearing a substantial regulatory hurdle and......

Morocco’s startups show resilience as MENA funding drops 77%

Despite a sharp decline in regional startup funding, Morocco’s ecosystem has remained stable, securing its fourth-place position in the MENA region. The North African country raised $12.3 million across three deals in October, nearly matching its September performance of $13 million, even as overall MENA funding plunged. Morocco stands......

Schmidt warns Chinese open-source AI models could dominate globally

Former Google CEO Eric Schmidt has issued a stark warning that Chinese open-source artificial intelligence (AI) models could become the global standard, not due to superior quality, but because they are freely available. Chinese AI gains traction Speaking on the Moonshots podcast, Schmidt expressed concern over the widespread adoption of......

Toto Wolff in talks to sell stake in Mercedes F1 team valued at $6 billion

The Mercedes-AMG Petronas Formula One team, led by Toto Wolff, is reportedly on the verge of a groundbreaking deal that could set a new benchmark for the sport. According to a report by Sportico, Wolff is in advanced negotiations to sell part of his 33% stake in the team, with the valuation of the organization estimated at an unprecedented......

NSO Group acquired by US investors, appoints Friedman as executive chairman

The Israeli spyware manufacturer NSO Group, known for its controversial Pegasus surveillance software, announced it has been acquired by a consortium of American investors led by Hollywood producer Robert Simonds. Former U.S. Ambassador to Israel David Friedman will serve as the company’s executive chairman. The ownership transition,......

Explosions rock Sudan’s capital Khartoum despite new humanitarian truce announcement

Khartoum, Sudan — A series of explosions were heard Friday morning near Khartoum, the Sudanese capital held by the army, just one day after the Rapid Support Forces (RSF) announced their agreement to a three-month humanitarian truce. Residents in Omdurman, a neighboring city, reported that the blasts occurred......

Microsoft to invest $15.2 billion in artificial intelligence projects in the UAE by 2029

Abu Dhabi, November 3, 2025 — Technology giant Microsoft has announced a massive $15.2 billion investment plan in the United Arab Emirates, aimed primarily at expanding the country’s artificial intelligence (AI) and cloud computing infrastructure by 2029. According to Microsoft president Brad Smith, the company has already invested......

Morocco rises as a key player in the global cryptocurrency market

Morocco is solidifying its position as one of the most active cryptocurrency markets in the world, with the 2025 Chainalysis Global Crypto Adoption Index ranking the country 24th globally. This places Morocco ahead of notable African peers such as Kenya (25th), Egypt (26th), and South Africa (28th), while it trails emerging powerhouses like......

Morocco strengthens support for oasis communities to boost sustainable date production

Morocco’s Minister of Agriculture, Ahmed El Bouari, announced an expanded national commitment to reinforcing the country’s oasis ecosystems and revitalizing its date production industry. The statement came during the opening ceremony of the 14th International Date Fair in Erfoud, held under the theme of sustainable water resource......

Morocco’s International Date Festival highlights water resilience and oasis preservation

Morocco’s 14th International Date Festival has opened in the southern city of Erfoud, bringing renewed attention to the challenges of water scarcity and the preservation of the country’s traditional oasis systems. Running from October 29 to November 2, this year’s edition focuses on the theme “Sustainable Management......

Phishing scam exploits Booking.com branding to target crypto users

A sophisticated phishing scam is targeting cryptocurrency enthusiasts by impersonating trusted brands like Booking.com to promote a fake Dubai crypto summit. Fraudsters are preying on users’ trust and fear of missing out to steal personal data and digital assets. Fake summit promises exclusive access to top crypto leaders CoinGecko......

Seres targets $1.7 billion Hong Kong IPO, leveraging Huawei partnership

Chinese electric vehicle (EV) manufacturer Seres Group is set to launch one of Asia's largest tech IPOs of 2025, aiming to raise up to $1.7 billion in Hong Kong. The move underscores the company’s strategic partnership with Huawei and its ambitions to fund global expansion and technological innovation. The Chongqing-based automaker......

Global Food Week 2025 concludes with key partnerships and innovation in Abu Dhabi

The second edition of Global Food Week 2025 wrapped up at the Abu Dhabi National Exhibition Centre (ADNEC), showcasing groundbreaking agricultural advancements, fostering international collaborations, and celebrating excellence across the food and farming industries. Held under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Vice President,......

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