Paris, France -- The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58...
After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
Dreams of the benefits of generative AI -- along with fears of the technology's risks -- have been hot topics...OpenAI is rolling out the ability to create custom "agents," called "GPTs," capable of handling specific tasks such as business negotiation advice
Later this month, OpenAI will launch a GPT "store," and plans to add a way for developers to make money based on how many people use their GPTs
It posted an 11% jump in net revenue to US$890 million.Its net profit jumped 12.7% year-on-year to $56 million, with the faster rate of growth relative to revenue reflecting EBITDA margin expansion
The company holds cash and equivalents of $136 million with net debt to EBITDA ratio of 1.4x (net debt of $245 million) down from 2.3x
Dubai, UAE-- Describing the COP28 as a huge moment for the world and the UAE, Andrew Griffith, Economic Secretary to...Applauding the UAE's COP28 Presidency and leadership, Griffith believes sustainable finance will be central to the global event
Noting the UAE's diversification of its sources of revenue, he said the oil-rich country is a great example of "what the world needs to emulate"
- Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned...
All three main indexes on Wall Street jumped Friday after the jobs reading, which also fueled bets on an interest rate cut by June.
Asian markets tracked the rally in New York, with Tokyo more than two percent higher, while Hong Kong, Wellington, Manila and Jakarta were up more than one percent
Paris, France - The food and agriculture system adds at least $10 trillion in "hidden costs" to the global economy every...The Food and Agriculture Organization said it conducted an analysis in 154 countries to determine the "true" cost of the agrifood system.
The global quantified hidden costs totaled around $12.7 trillion in 2020, representing almost 10 percent of the global gross domestic product.
RIYADH, SAUDI ARABIA - Remittances by expatriates in Saudi Arabia dropped 13 percent year-on-year (YoY) to US$2.6 billion (SAR 9.9...On a month-on-month (MoM) basis, expat remittances in the Kingdom declined 8 percent, or US$229 million.
Remittances by Saudi nationals to other countries also fell 11 percent YoY to US$1.2 billion in September.
- Dubai, UAE -- The first Emirates flights operating with sustainable aviation fuel (SAF) provided by Shell Aviation have taken off...
Emirates’ flight EK 412 bound for Sydney on 24th October was among the first to operate with SAF.
Shell has supplied 315,000 gallons of blended SAF for use at the airline’s hub in Dubai.
ANAVIA focuses on developing unmanned helicopters.ANAVIA is a Switzerland-based company that specialises in versatile vertical take-off and landing systems of up to 750 kilograms.
ANAVIA’s unmanned helicopters can be adapted to EDGE's cross-complementary portfolio of air, land and maritime capabilities.
RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing...This service is offered to foreign investors as part of the Kingdom’s efforts to boost investment, consistent with Saudi Vision 2030.
The booking platform is affiliated with the Ministry of Investment “Invest Saudi,” through which the application will be processed.
Operating expenses and financing cost edged lower.GASCO noted an increase in revenue and financing income, along with higher share of results from associates.
In Q3 2023, net profit rose slightly by 0.4 percent to SAR 57.2 million from SAR 56.98 million in Q3 2022.
