China’s Baidu releases new, free AI model to compete with DeepSeek
Baidu announced in a WeChat post that its latest X1 reasoning model -- which the company claims performs similarly to...Technology Business
DP World posts record $20bn revenue
The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.Company News Business
Iran foreign trade posts 4.84% jump to US$54.6bn in last six months
Tehran, Iran-- Iran's foreign trade has registered a 4.84 percent jump to $54.6 billion between March and September this year.According...The exports posted a 29 percent increase in weight and 2.6 percent decline in value compared to last year’s corresponding period
Some 17.6m tons of goods, valued at $30.4bn, were imported into the country in the first half of the current Iranian calendar year
Ubisoft banks on a reset with latest ‘Assassin’s Creed’
The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game...The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game based on the hit "Avatar" films
Taking no chances, the group is launching "Mirage", set in ninth-century Baghdad, at 50 euros ($53) instead of the 70 euros often set for new titles
Trump business empire under threat as fraud trial opens
Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial...Trump, in addition to the civil case, also faces several major criminal proceedings in the months ahead
His children Eric, Don Jr. and his oldest daughter Ivanka are also likely to present their own testimony
Dubai Chamber of Digital Economy to host global tech firms at Expand North Star
Dubai, UAE--Dubai Chamber of Digital Economy is all set to welcome the global business community to Expand North Star, the...The participants will assemble at Dubai Harbour from 15th - 18th October 2023, connecting the world's most sought-after startups with innovators and investors
The event will host more than 1,800 startup exhibitors from over 100 countries and nearly 1,000 investors with a combined total of over US$1 trillion under management
Libya and Italy sign MoU to boost cooperation in civil aviation
Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and...In September, a Rome-bound aircraft departed from Tripoli restarting flights to Italy after a nearly decade-long suspension due to an EU ban
The agreement looks to boost cooperation between air transport companies to operate charter and regular flights between the two countries
Global economic concerns hit GCC equity performance
Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...Gulf equity markets experienced a downturn for the second consecutive month in September 2023, reflecting global economic concerns
While major indices like the MSCI World Index and the S&P 500 saw declines, only Dubai and Qatari markets managed to post gains
Saudi Arabia, Pakistan ink pact on digital transformation, innovation
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...Under the terms of the MoU, Saudi Arabia and Pakistan will strengthen their SME and start-up ecosystems.
They will cooperate on policies, regulations and legislation in the digitization and electronic manufacturing sectors.
Saudi Arabia’s consumer spending up 8% to reach $30bn in Aug
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia grew 8 percent to SAR 115.4 billion ($30.76 billion) in August 2023, from...Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through "Mada".
E-commerce sales through Mada cards increased 27 percent YoY to SAR 14.4 billion in August, marking the highest-ever sales value.
Crypto industry grapples with FTX fallout as boss goes on trial
London, United Kingdom -- The collapse of cryptocurrency platform FTX, whose disgraced former boss goes on trial this week, sparked shock...Sam Bankman-Fried, once the wunderkind of crypto, will appear in a federal New York court on Tuesday facing seven counts of fraud.
FTX, once the world's second-biggest crypto exchange, collapsed last November amid accusations that client money was being funneled to prop up its investment arm Alameda.
Expo 2023 building in Guinness World Records for largest green roof
Doha, Qatar -- The main building of Expo 2023 in Doha has made it to the Guinness World Records for...The roof of the building, implemented by Qatar's Public Works Authority (Ashghal), has an area of 4,031 square meters.
The new global achievement is the sixth world record achieved by Qatar's Public Works Authority in the previous years.
