MGX participation confirmed in OpenAI’s US$6.6bn in new funding, valuing it at US$157bn
OpenAI has finalized a deal to receive US$6.6 billion in new funding from investors who valued the company at US$157...Business
OpenAI chief technology officer Mira Murati leaving company
San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT,...Business
Olympics tech firm Atos posts huge loss
The company posted a net loss of US$3.7 billion for 2023.The company reported a net loss of 3.4 billion euros ($3.7 billion) for 2023 due to asset writedowns and said it was aiming for a debt restructuring by July
Atos, the International Olympic Committee's technology partner since the Salt Lake City winter games in 2002, is in charge of managing more than 300,000 accreditations
Alibaba Cloud opens training center in Dubai
It will be a hub for customers to lift up "digital competence."The training centre will empower Alibaba Cloud’s ecosystem partners and customers through delivering training, workshops, and certifications
The program corresponds with the Dubai Economic Agenda D33's goal to double Dubai's economy through digital transformation contributions
OPEC chief calls for more investments in oil industry to meet energy demand
Abu Dhabi, UAE--The Organisation of the Petroleum Exporting Countries (OPEC) has called for increased investments in the oil industry to...Al Ghais said the investments are crucial for ensuring reliable energy supplies for current and future generations
At the same time, the secretary general noted the organisation's active involvement in climate change negotiations
Türkiye’s traditional realty charm: Alive or fading?
Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional...Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for the region amid economic fluctuations.
Despite challenges, the ongoing infras and urban renewal projects in Türkiye, a country straddling Europe and Asia, signal a promising horizon for property investments.
Geopolitical tensions boost oil, weigh on equities
Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest...Moscow has escalated its aerial attacks on Kyiv, targeting key infrastructure in the wake of Ukrainian attacks on Russian oil facilities.
Russia is a key producer of oil, while the Gaza-Israel war has given rise to worries about Middle Eastern crude supplies.
Aramco CEO highlights collaboration with Beijing at forum in China
AL-DHAHRAN, SAUDI ARABIA – Aramco President and CEO Amin Nasser outlined the potential for stronger collaboration with Chinese partners in...The CEO acknowledged China's economic growth in recent decades, and expressed admiration for the country’s ability to overcome challenges.
He underscored the possibility of fostering broader economic globalization by strengthening ties with Chinese partners.
RSG, Hyundai Motor ink pact
The two firms will explore opportunities in various areas.The two parties will focus on validating and deploying Hyundai Motor Group's eco-friendly mobility solutions.
They will explore future mobility solutions, such as autonomous vehicles, Advanced Air Mobility and maritime vessels.
ESA, SAP ink agreement
ESA will consolidate operations under a single ERP solutionESA will benefit from a streamlined and integrated system, improving visibility and control over all of its operations.
ESA will be using an integrated supply chain model that eliminates process silos, predicts disruptions.
Nissan to shrink EV production costs
The automaker will slash production costs by 30 percent.By 2030, Nissan aims to make electric models at the same price as traditional combustion engine cars, the firm said as it announced a new mid-term strategy
Japanese auto giant Nissan said Monday it aims to launch 30 new models over the next three years, 16 of which would be "electrified"
SCCI and Thailand look to boost economic cooperation
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry and Thailand have explored ways to boost trade and economic cooperation. In...The two sides discussed the potential establishment of a Thai Business Council, under the auspices of the Sharjah Chamber, to stimulate joint investments
The Thai delegation during its meeting with the SCCI underlined their desire to facilitate the Emirati jewellery designers’ participation in the Bangkok Fair