The number of new investors in the market reached 59,075, with investments totaling $42.74 billion, a 22 percent increase in...
- US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) has signed a three-year currency swap agreement with the Central Bank...he agreement is part of the financial cooperation between the two central banks, which works to strengthen collaborations based on mutual interests.
Currency swaps are agreements between two parties to exchange a certain amount of one currency for another and then reverse the exchange at a later date.
The action against Kraken by the financial markets regulator will likely pour cold water on the hopes of many firms...The proceedings against Kraken began on Monday in federal court in San Francisco, targeting Payward and Payward Ventures, the two legal entities behind the exchange
Kraken's business model is "rife with conflicts of interest that placed investors’ funds at risk," Director of the SEC’s Division of Enforcement, Gurbir Grewal, said in a statement
- The White House confirmed it had launched Threads accounts for the president, First Lady Jill Biden, Vice President Kamala Harris,...
Meta launched Threads in July, in a bid to depose Musk's X, as the go-to platform for celebrities
Biden's debut comes after his spokesman slammed Musk for the "promotion" of an anti-Semitic conspiracy theory
Abu Dhabi, UAE--ADNOC and Santos have signed a strategic collaboration agreement (SCA) to build a joint global-carbon-management platform that could...The agreement will allow companies to advance critical carbon capture and storage (CCS) technologies required to speed up the decarbonisation
They will look to ramp up the carbon management technologies of the future in order to safely transport, capture and store carbon, helping markets to decarbonise
Abu Dhabi, UAE--The UAE has solidified its stature as a key player in the global financial landscape, through launching economic...He believes the UAE’s financial markets have significant potential and flexibility, combined with its continuous commitment to innovation and development
He said the UAE's commitment to developing its financial infrastructure and attracting foreign investments makes it a significant market in the MENA region
New Delhi, India - The L&T Energy Hydrocarbon (LTEH), hydrocarbon business unit of Larsen & Toubro (L&T), said on Monday...The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform
In October also, LTEH secured a major contract worth over Rs 15,000 crore ($20 billion) from a Middle Eastern client
In a fast-moving sequence of events, Altman, who was ousted by the board on Friday, has now been hired by...In a letter released to media, the vast majority of OpenAI's 770-strong staff suggested they would follow Altman unless the board responsible for his departure resigned
A key Artificial Intelligence executive at Microsoft confirmed that they all were welcome from OpenAI if the board that removed Altman doesn't resign
Dubai, UAE--The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have signed a memorandum of understanding (MoU)...The MoU will enhance ties between Dubai and China's capital markets, marking a significant milestone in cross-border collaboration
The two bourses will jointly explore to develop products, introduce companies and issuers to the advantages of each market
RIYADH, SAUDI ARABIA – ACWA Power Co said it received the initial commercial operation certificate from the Dubai Electricity & Water Authority...The second phase is part of a 950 MW solar CSP independent power project, the company said .
The financial impact from the full capacity (950 MW) is expected to show starting from the first quarter 2024.
DUBAI, UAE – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has...The total value of exports and re-exports of member companies reached $57 billion in January- September 2023.
The strong growth underlines Dubai’s attractiveness among both companies and investors,
