Samsung is reportedly planning to invest KRW100 trillion ($646 billion) in its home market of South Korea over the next decade. The investment is believed to cover chips, AI data centres, batteries and displays. South Korean newspaper Maeil Business reported the plan will be officially unveiled on the 29th June 2026, with executives from Samsung and fellow domestic powerhouse SK Hynix set to attend a briefing with the nation’s President Lee Jae Myung. The briefing will outline “three major mega-projects” to advance South Korea, which has led to media speculation as to what will be announced. According to Maeil Business,…
Author: Editorial Team
The first rule of art collecting is love what you buy. The next rule is to understand what you are buying. Increasingly, investors see the art market as an important way to diversify their assets and potentially reap gains while also giving them enjoyment. Younger buyers – especially active in the UAE — are participating in the market in greater numbers and are expected to continue to do so with the shift in generational wealth. The global art market this year has seen a resurgence, following record-setting high-end auction sales that started in late 2025. According to the Art Basel…
It was only a few days ago that an American sports podcaster revealed the viewership figures of the 2026 Fifa World Cup in the US market. Play and predict your Fifa World Cup 2026 champion here Despite the Messi mania that has gripped the US from the east coast to the west, the podcaster said Brazil’s matches still attracted more eyeballs than Argentina’s. ‘It’s that brand of Brazil, the famous yellow shirt that still matters so much in football,” he said. In terms of famous football jerseys, Brazil has historically dominated with its dazzling yellow shining as bright on the…
ANKARA — Chairman of the Federation of Saudi Chambers of Commerce and Chairman of the Islamic Chamber of Commerce and Development (ICCD) Abdullah Saleh Kamel said that the rapid economic changes taking place today require stronger cooperation among Islamic countries and greater empowerment of the private sector to play a larger role in supporting economic development. He made the remarks while addressing the 40th meeting of the Islamic Chamber’s Board of Directors and the 72nd meeting of its Finance Committee, held in Ankara on Monday. In his speech, Kamel highlighted Saudi Arabia’s leading role in promoting economic cooperation among Islamic…
RIYADH — The Ministry of Foreign Affairs expressed Saudi Arabia’s sincere condolences and heartfelt sympathy to Qatar and its people over the death of a Qatari citizen. The Qatari citizen succumbed to his injuries caused by shrapnel resulting from the recent military operations in the region, which also caused injuries to a resident. Saudi Arabia expressed its solidarity with Qatar and the government and people of Qatar, and extended its condolences and sympathy to the family of the deceased. The Kingdom wished a speedy recovery for the injured resident. Source: Saudi Gazette
Ukraine is reportedly planning to build domestic AI computing capacity in partnership with operator Kyivstar. This move is likely a calculated bid to help strengthen the country’s critical digital infrastructure amid the ongoing war with Russia. According to Reuters, the operator signed a memorandum of understanding with Ukraine’s Economy Ministry at the Ukraine Recovery Conference in Gdansk, Poland. Kyivstar’s parent company Veon will provide financial backing for an initial phase CEO Oleksandr Komarov said could require between 3MW and 5MW of computing capacity and run into tens of millions of dollars. Komarov told Reuters, “the biggest consumer of Ukrainian AI…
For generations, the path to parenthood followed a familiar script: meet a partner, fall in love, marry and have children. But a growing number of people are separating the idea of parenting from romance altogether. Known as platonic co-parenting, the model pairs two people who want a child but are not in a romantic relationship. They agree to raise a child together, often sharing custody and responsibilities in ways similar to separated couples. The approach has gained traction in the US and Europe over the past decade, helped by online platforms designed to match prospective co-parents. One of the best-known…
ABU DHABI, 29th June, 2026 (WAM) — The Khalifa Fund for Enterprise Development (KFED) has announced the launch of a specialised national programme to support and accelerate cybersecurity startups, in partnership with the UAE Cyber Security Council. The announcement was made during an event hosted at MZN Hub Al Ain, attended by Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the UAE Government, and Mouza Obaid Al Nasri, CEO of KFED. The programme is launched under the existing Memorandum of Understanding (MoU) between the Khalifa Fund for Enterprise Development and the UAE Cyber Security Council, which established a framework…
The UAE has permitted its nationals to travel to Lebanon starting Monday, June 29, 2026, according to Ministry of Foreign Affairs (Mofa). However, the ministry stressed that travel will only be allowed under strict conditions, with mandatory registration on the Twajudi service required before departure. UAE nationals will not be permitted to leave from UAE airports unless they are registered on the platform. Authorities warned that failure to comply with the requirement may lead to travel delays or potential legal consequences. The ministry also said that travellers must notify authorities of their return through the same Twajudi platform once their…
RIYADH — Funeral prayer was offered for the martyrs of the Saudi Aramco helicopter crash at Al-Furqan Mosque in Dammam after Asr prayer on Monday. Those who attended the funeral prayer included Emir of the Eastern Province Prince Saud bin Naif, Minister of Energy Prince Abdulaziz bin Salman, and Deputy Emir of the Eastern Province Prince Saud bin Bandar and Saudi Aramco Chairman Yasir Al-Rumayyan. A large number of Saudi Aramco officials, employees, relatives of the deceased and citizens attended the funeral prayer. Prince Saud bin Naif extended his sincere condolences to thefamilies of the deceased. He prayed to God…