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Bloomberg

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Qatar see a surge in air travel

Qatar Airways sees robust travel demand amid capacity squeeze

Bitcoin sags after its longest streak of monthly gains since 2021

Oil extends second weekly drop on new China recovery concerns

Generative AI

First real-world study showed generative AI boosted worker productivity by 14%

Oil

Oil set for sixth monthly loss on deteriorating demand outlook

air pollution

Less than 1% of Earth has safe levels of air pollution, study finds

Bitcoin

Bitcoin extends recent bout of volatility in climb back toward $30,000

Samsung

Samsung posts record chip losses

Amazon

Amazon starts round of layoffs in AWS cloud services division

Ethmar

Abu Dhabi royal-led firm Ethmar to list after capital raise

Oil

Oil steady after two-day gain as supply issues blunt demand woes

Oil

Oil extends steep weekly drop with demand outlook in question

Bay Island

Dubai’s Jumeirah Bay Island plot sells for $34m, sets new record

Model S

Tesla increases price of Model S, X in US after shares slump

Oil

Oil set for first weekly loss since banking turmoil last month

Bitcoin

Bitcoin trading signal hints at an upcoming leap back above $30,000

Ray Dalio, hedge fund billionaire, opens family office in Abu Dhabi

Ray Dalio set to open branch of family office in Abu Dhabi

Bitcoin

Bitcoin drops about 4%, slips below $30,000 amid crypto selloff

Token

Bitcoin stalls near $30,000 after the token’s biggest drop in over a month

Mubadala to invest in Brazil

Mubadala commits to invest $2.5bn in clean fuel in Brazil

Dubai property market Morgan Stanley

Morgan Stanley sees cash buyers and Chinese buoying Dubai property

Oil

Oil powers to fourth weekly advance as global market tightens up

Oil

Oil trades near highest close in five months as market tightens

Hyundai

Hyundai commits to $18bn spend in shift to electric cars

Oil steadies after surge with supplies and stockpiles in focus

Bitcoin

Bitcoin climbs past $30,000 for the first time since June 2022

oil

Oil holds loss as stronger US dollar, slowdown concerns weigh

Apple’s 40% plunge in PC shipments is steepest among major computer makers

Battery

Tesla to build new battery factory, says Elon Musk

finance minister

Kuwait names new finance minister in latest cabinet line-up