The pharma giant improved its offer to $10bn.
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
Tehran, Iran--Iran and Turkey will join hands to set up a free trade zone at the border crossing in Khoy...The talks to establish the free trade zone were held between Iranian president Ebrahim Raisi and Turkish president Recep Tayyip Erdogan
An Iranian official said the large-scale investments of the two nations in this free trade zone can rebound the economy at a wider level
The Japanese firm will lease a warehouse in the free zone.The leasing of the warehouse marks the first phase of Tokai Optical's expansion in SAIF Zone, representing an investment of around $2.17m
The firm figures among the top 5 lens manufacturers worldwide and is positioned among the top 3 companies in research and development
The GCC's FinTech sector is booming with CBDCs revolutionizing cross-border transactions and a surge in innovations boosting financial inclusivity, efficiency,...The GCC's FinTech sector is booming with CBDCs revolutionizing cross-border transactions and a surge in innovations boosting financial inclusivity, efficiency, and accessibility.
In the Middle East, unique dynamics in decentralized finance and cryptocurrencies, coupled with a projected 25% annual growth in open banking, are driving financial innovation.
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...The aim is upgrade the existing card-based ticketing system to an account based ticketing system, aligning with the top global practices.
It seeks to develop a flexible and 100 percent scalable digital infrastructure, ensuring 100 percent fintech integration in mobility solutions.
The aim is to develop technologies for clean energy.The center will conduct studies, scientific research, and work to attain technical development in clean energy and water sector.
It will also work in developing solar energy technologies, energy storage technologies to support future energy networks.
Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign...The campaign, called "Go Beyond What You Think," aims to address misconceptions about Saudi Arabia and encourage people to experience the country's cultural transformation.
The campaign launch coincides with Messi's upcoming return to Saudi Arabia, where he will play two matches with his club, Inter Miami, against Al Nassr and Al Hilal.
- Dubai, UAE -- Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Sunday launched the ‘Dubai International Growth...
The AED500 million initiative was launched by the Government of Dubai in partnership with Emirates National Bank of Dubai (Emirates NBD).
Emirates NBD will provide financing to eligible companies at competitive rates, charging the Emirates’ Interbank Offered Rate (EIBOR) with no additional margin.
- The Group posted a 52% increase in net income compared to 2022.
Total Assets grew by 6 percent to reach $68.3 billion and loans grew by 5 percent to reach $37.1 billion.
The Board has recommended to the shareholders the distribution of 30 percent cash dividends for the financial year 2023.
- The Noqodi platform will enable digital payments.
This pact aims to improve digital and electronic payment offerings available to SIB's corporate and individual business customers.
SIB's business clients will gain access to a broader range of digital payment solutions for seamless fee payments across various products.
The company's capital now stands at US$266 milion.The company's board took the decision a few days back, expected to enhance its financial robustness and propelling it towards future expansions
The hike in capitalization has been secured from the retained earnings, reflecting the company's strong financial standing and prudent management
