Tencent Unveils AI Platform, Eyes Middle East Expansion at Global Digital System Summit  

Tencent’s logo is displayed at its pavilion at the China International Fair for Trade in Services in Beijing, China. (Reuters)
Tencent’s logo is displayed at its pavilion at the China International Fair for Trade in Services in Beijing, China. (Reuters)
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Tencent Unveils AI Platform, Eyes Middle East Expansion at Global Digital System Summit  

Tencent’s logo is displayed at its pavilion at the China International Fair for Trade in Services in Beijing, China. (Reuters)
Tencent’s logo is displayed at its pavilion at the China International Fair for Trade in Services in Beijing, China. (Reuters)

Chinese technology giant Tencent has announced the global rollout of new scenario-driven artificial intelligence (AI) capabilities, aiming to help enterprises improve industrial efficiency and accelerate international expansion.

The announcement came Tuesday at the Global Digital System Summit 2025, held on September 16 and 17 at the Shenzhen World Exhibition and Convention Center.

During his keynote, Dowson Tong, Senior Executive Vice President of Tencent and CEO of its Cloud and Smart Industries Group, said: “Practical applications of AI drive business efficiency, while international expansion unlocks new growth opportunities. The solutions we launch today will empower enterprises on their journey toward intelligence and globalization, ensuring sustainable and scalable growth.”

At the summit, Tencent Cloud unveiled its Agent Development Platform 3.0, enabling companies to create autonomous AI agents and integrate them into operations such as customer service, marketing, inventory management, and research. The company also introduced its Agent Runtime infrastructure, designed to provide a robust environment for developing and deploying these agents.

Tencent expanded its SaaS+AI suite, adding advanced office collaboration tools. These include AI Minutes within Tencent Meetings, which recorded 150% year-on-year growth, and Learn Share, now used by more than 300,000 clients with a 92% accuracy rate. Another highlight was Code Buddy, an AI programming tool that cuts coding time by 40% and boosts R&D efficiency by 16%.

The company also launched new models in its Hunyuan 3D series, offering advanced 3D content generation for media and gaming. With more than 2.6 million downloads on Hugging Face, Hunyuan has become the most widely adopted open-source 3D model series.

Over the past year, the Hunyuan ecosystem has expanded with more than 30 models, including translation tools covering 30+ languages, as well as image, video, and 3D content generation tools.

Expanding global footprint

Tencent Cloud reported that its international customer base has doubled in the past year, with double-digit growth across Asia over the last three years in markets such as Hong Kong, Southeast Asia, and Japan. More than 90% of China’s leading internet companies and 95% of its top gaming firms now rely on Tencent Cloud to power their overseas growth.

Day one of the summit featured discussions with global partners including UAE-based e&, Indonesia’s Dana, GoTo Group, and MUFG Bank (China). Executives highlighted the importance of adopting AI and cloud solutions to drive global competitiveness.

Tencent also announced a series of new partnerships across Asia-Pacific, the Middle East, Europe, and North America. Notably, it revealed plans to invest $150 million in its first Middle East data center in Saudi Arabia, while building a third data center in Osaka, Japan, alongside a new regional office.

Alongside its technology push, Tencent plans to raise about $1 billion by issuing offshore yuan-denominated “dim sum” bonds in three tranches (5, 10, and 30 years). Initial price guidance stands at 2.6%, 3.0%, and 3.6% respectively, targeting non-US investors.

The company continues to spend heavily on AI, though at a moderated pace. After capital expenditures of 36.6 billion yuan ($5.14 billion) in Q4 2024 and 27.5 billion yuan in Q1 2025, spending fell to 19.1 billion yuan in Q2. Tencent has told analysts it will adopt a more cautious approach to ensure long-term profitability from its AI initiatives.

Rival Alibaba recently raised $3.2 billion through zero-coupon convertible bonds to fund international growth and cloud expansion. Around 80% of those proceeds will be directed toward new data centers, technology upgrades, and improved cloud services.

Today, Tencent operates 55 data centers across 21 markets, supported by nine international technical hubs in Asia, Europe, and the Americas.

The company has also released international versions of key products, including Code Buddy and Cloud Mall, while its EdgeOne security and acceleration platform has gained more than 100,000 global users within three months of its latest update, reducing website deployment times from a full day to just one minute.



GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
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GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential and non-residential construction costs, according to data released by the Kingdom’s General Authority for Statistics (GASTAT).

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025.

The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.

These efforts contribute to drawing a clear roadmap for residential and non-residential construction projects in the building and construction sector.


Gold Breaks $4,400 for 1st Time on Fed Rate-cut Bets, Silver Hits New High

FILE PHOTO: UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
FILE PHOTO: UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
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Gold Breaks $4,400 for 1st Time on Fed Rate-cut Bets, Silver Hits New High

FILE PHOTO: UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo
FILE PHOTO: UK gold bullion bars are stacked at Baird & Co in Hatton Garden in London, Britain, October 8, 2025. REUTERS/Hiba Kola/File Photo

Gold jumped past the $4,400-per-ounce level for the first time on Monday, riding on growing expectations of further US rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time high.

Spot gold was up 1.7% at $4,411.01 per ounce, as of 0822 GMT, having climbed down from the record high of $4,420.01 hit earlier in the day. Spot silver climbed 2.5% to hit $69.44, Reuters reported.

US gold futures for February delivery rose 1.3% to $4,444.00 per ounce.

Bullion has gained 67% ⁠so far this year, shattering multiple records and breaching the $3,000 and $4,000 per-ounce milestones for the first time. It is poised for its biggest annual gain since 1979.

Silver has surged 138% year-to-date, vastly outperforming gold, underpinned by robust investment inflows and persistent supply constraints.

"With December usually producing positive returns for gold and silver, seasonality is on their side," said StoneX ⁠senior analyst Matt Simpson.

"Given that gold has already risen 4% this month and we're nearing the end of the year, bulls may want to tread with caution as volumes are to deplete and odds of profit-taking are also likely on the rise."

Spot gold may extend gains to $4,427 per ounce, as it has broken a key resistance at $4,375, Reuters technical analyst Wang Tao said.

Traditionally viewed as a safe-haven asset, gold has been supported by heightened geopolitical and trade tensions, steady central bank buying and expectations of lower interest rates next year.

A ⁠softer dollar has provided an additional tailwind by making the metal cheaper for overseas buyers.

Markets are currently pricing in two US rate cuts for next year despite the Federal Reserve signaling caution. Non-yielding assets such as gold tend to benefit in lower interest rate environments.

Simpson said two Fed rate cuts were penciled in for 2026, with a faster US jobs slowdown and a shift to a more dovish Fed likely to add further upside to gold.

Elsewhere, platinum jumped 4.3% to $2,058.35, hitting its highest in more than 17 years, while palladium climbed 4.1% to $1,784.00, a near three-year high.


UK Growth Revised Down in Second Quarter 

Shoppers fill the pavement on Regent Street in central London on December 21, 2025. (AFP)
Shoppers fill the pavement on Regent Street in central London on December 21, 2025. (AFP)
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UK Growth Revised Down in Second Quarter 

Shoppers fill the pavement on Regent Street in central London on December 21, 2025. (AFP)
Shoppers fill the pavement on Regent Street in central London on December 21, 2025. (AFP)

Britain's economy expanded less than initially estimated in the second quarter, according to revised official data released Monday, dealing a fresh setback to the Labour government.

Gross domestic product was revised down to 0.2 percent in the April-June period from a previous estimate of 0.3 percent, the Office for National Statistics said in a statement.

Growth in the third quarter stood at an unrevised 0.1 percent, the ONS said, marking a sustained slowdown from the 0.7 percent expansion recorded in the first three months of the year.

"The economy is still pretty weak and is heading into 2026 with very little momentum," noted Alex Kerr, UK economist at Capital Economics.

Prime Minister Keir Starmer has struggled to revive Britain's sluggish economy since his Labour party came to power in July 2024.

Finance minister Rachel Reeves raised taxes on businesses in her inaugural budget last year -- a decision widely blamed for causing weak UK economic growth and rising unemployment.

She returned in her November budget with fresh tax hikes to bring down government debt, this time hitting workers.

The Bank of England last week cut its key interest rate to 3.75 percent after UK inflation eased faster than expected and as the economy weakens.