Apple unveils new iPhone built for AI, looks to boost sales
Cupertino, United States - Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales...Business
Nvidia’s forecast dampens AI enthusiasm in other tech stocks
Shares of Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong...Business
IPOs, investments help GCC markets prosper in 2023
Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in...Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in Q3 2023, led by Saudi Arabia and Qatar.
The change is part of a broader strategy, including Dubai Taxi Company's IPO and Saudi Arabia's Vision 2030 initiatives, signaling a new era in the GCC's economic narrative.
Oman year-on-year growth rate touches 15.4 percent
Muscat, Oman - Oman's achieved a 15.4% year-on-year sector growth, as reported by the National Center for Statistics and Information...The growth revolves around a rapidly evolving landscape, propelled by strategic investments and diversification endeavors.
Omani Maritime freight was at the forefront, commanding a significant 54.8% share of all inbound goods in 2022.
US bans import of Apple Watch due to patent clash
A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...Apple last week paused its US sales of Apple Watch Series 9 and Apple Watch Ultra 2.
The move came into effect on the online Apple Store on December 21, with retail locations ceasing sales December 24.
New UAE law allows employees merge work years for free
Abu, Dhabi, UAE -- A new UAE law contributes to enhancing insured Emiratis chance in obtaining a retirement pension by...The cost of merging service years is paid prior to ending the employment period in one lump sum and within 30 days from the date of approving the merge request.
GPSSA added that if a pensioner returns to work, he/she may merge the entitled service period by which he/she was entitled to a pension to the new service years.
IsDB, SWCC sign agreement
The collaboration will involve efforts from both parties.The agreement includes a mechanism for exchanging knowledge and experiences.
It would involve transferring the experience of SWCC to the member countries of IsDB.
Dubai’s family businesses get practical guidance with new toolkits
Dubai, UAE -- Three toolkits have been developed for family-owned businesses, which make up approximately 90 percent of the UAE’s...Three toolkits have been developed for family-owned businesses, which make up approximately 90 percent of the UAE’s private sector, by the Dubai Centre for Family Businesses.
The majority of these businesses are expected to undergo a generational transition in the next 5-10 years.
TDRA inks pact with PCFC’s Dubai Maritime Authority
DUBAI, UAE - The Telecommunications and Digital Government Regulatory Authority (TDRA) has signed a Memorandum of Understanding (MoU) with the...The partnership will help improve the regulatory framework for maritime business operations to enhance efficiency in the sector.
The MoU establishes a procedure for acquiring necessary authorisations for maritime vessels through the Dubai Maritime Authority.
Saudi Arabia to launch 35 renewable energy projects in 2024: Minister
Riyadh, Saudi Arabia -- Saudi Ministry of Industry and Mineral Resources is set to launch nearly 35 renewable energy projects...Geological surveys are ongoing in the mining sector and new mining sites are being launched, te minister said.
In the industrial field, work is under way to open new businesses and empower others such as the automotive industry.
Aramco, Intel to set up Saudi Arabia’s first open RAN center
Riyadh, Saudi Arabia -- Aramco Digital Co. and Intel have unveiled plans to establish Saudi Arabia’s first open radio access...The Open Wireless Access Network Development Center is scheduled to start operations in 2024, marking a milestone in the Kingdom's journey towards a technology-driven future.
Aramco Digital is a technology subsidiary of energy giant Saudi Aramco that aims to drive digital transformation and technological innovation across industries.
Saudi Chemical Co announces dividend
The company will distribute $11,385,120 to its shareholders.Shareholders possessing a portion of the 843,200,000 shares eligible for dividends will benefit from this payout
Each share is set to receive a dividend of 0.05 SAR, which represents a 5% dividend relative to the share par value
