Dubai, UAE -- OpenAI's ChatGPT surpassed 1 billion monthly active users in May, becoming the fastest application to reach the...
Revenue passenger kilometers (RPK), the industry's measure of demand, declined 3.4% year-on-year, while available seat kilometers (ASK), a measure of...
ABU DHABI, UAE - The International Holding Company (IHC) announced the initiation of the transfer of 2PointZero, a next generation...2PointZero is more than a holding company - it embodies a vision of progress across a variety of industry verticals.
Spanning multiple sectors, business combinations of entities under common control, have been combined to form 2PointZero.
The deal was originally expected to be completed by 2021.Baidu, the country's top search engine company, agreed in 2020 to buy JOYY Inc's Chinese live video business YY Live for $3.6 billion
However, Baidu said in a Hong Kong stock exchange filing on Monday that it would terminate the purchase agreement
- RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Riyadh Season attracts large number of visitors with different kinds of activities and experiences.
It is one of the major Saudi events that establishes new concepts in the world of entertainment.
- Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central...
Bitcoin broke $45,000 for the first time since April 2022 on optimism that the United States would allow wider trading of the world's biggest cryptocurrency.
Despite the upbeat outlook on rates, Asian markets started the year with little fanfare. Hong Kong and Shanghai each extended last year's losses
- Beijing, China -- China's import and export tariff adjustments on some goods took effect on Monday, including implementing provisional import...
China lowered import tariffs on resources and NEVs, aiming to enhance competitiveness and secure supplies.
Tariffs on medicines and food for medical purposes were cut, reflecting a focus on health and consumer needs.
- RIYADH, SAUDI ARABIA – flynas reported record results for its performance in 2023 compared to the previous year 2022, with...
The low-cost carrier has taken delivery of 19 new aircraft during 2023, upscaling fleet size to 64, a rise of over 35 percent.
flynas launched 57 new destinations and increased seat capacity by 22 percent for domestic and international flights in 2023.
Doha, Qatar -- Qatar's Producer Price Index (PPI) of the industrial sector in the country for November was 118.65 points,...Qatar's industrial PPI fell 1.95% in November, driven by oil price drops in mining and some manufacturing sectors.
Electricity prices defied the trend, showing MoM and YoY increases, while water prices dipped MoM but rose slightly YoY.
Riyadh, Saudi Arabia --Consumer spending in Saudi Arabia grew by 8 percent to SAR 111.5 billion ($29.73 billion) in November...Point-of-sale purchases led the charge, rising 12% year-over-year as Saudi Arabia embraces cashless shopping.
Cash withdrawals from ATMs rose by almost 1 percent YoY to roughly SAR 45.6 billion in November.
Halliburton has been operating in the UAE for five decades.Under the agreement, Halliburton will expand its footprint within the UAE by establishing a cutting-edge facility for calibrating drilling tools used in the oil industry
The state-of-the-art facility is set to occupy a substantial area of more than one million square feet within the Hamriyah Free Zone
The projects in 6 industrial cities are valued at $143 million.These projects, conducted in collaboration with several national companies, aim to foster opportunities for value chain initiatives and bolster local content.
Among the agreements, MODON has inked a contract for establishing 80 factories and ready-made products in Al-Ahsa and Taif's industrial cities.
