DP World posts record $20bn revenue
The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.Company News Business
AI’s US$19.9tn contribution: Insights from Tealium on digital economy’s future
By 2030, every dollar spent on AI-powered solutions is expected to generate US$4.60 in economic value, according to global analyst...Technology Business Profile & Interviews
QFMA launches single window e-portal for listing in Qatari financial markets
DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.
Ex Qantas boss Alan Joyce paid $14m in last financial year
Qantas said some of the former airline chief's pay could be subject to clawback "should the board determine that necessary"....In its annual report, the Australian airline Qantas said Joyce's "total pay outcome" for the financial year to June 30, 2023, was Aus$21.4 million
Qantas said it had withheld the balance of the last financial year's short-term bonuses from its senior executives "while this matter progresses."
Global ambitions fuel Qatar’s investment momentum
Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles...Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects
Qatar's sovereign fund's notable investments include stakes in Volkswagen, SoftBank, RWE, and Paris Saint-Germain as it focuses on venture capital, fintech and sports sectors
Google’s AI chatbot goes personal tapping into Gmail, YouTube
Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT...The company said its beefed up chatbot can help users summarize a confusing string of emails into its main points or tap into Google Maps to best locate a holiday destination.
These so-called Bard Extensions would also be available to retrieve key points from content across Google Docs and Google Drive, including PDFs.
Stocks diverge as oil hits 10-month high of above $95 per barrel
Brent North Sea crude oil traded above $95 per barrel Tuesday for the first time since November last year, supported...The Federal Reserve is seen keeping interest rates on hold Wednesday but is expected to be cautious over the outlook as crude pushes higher.
In Asian trading, Hong Kong managed a gain while Shanghai was flat. In Europe, London and Paris were in the green while Frankfurt was lower.
stc’s acquisition of Telefonica stake okayed
Spain's Securities Market Regulatory Authority cleared the deal.Morgan Stanley, which advises on the deal from the buyer's side, accumulated a little less than 3 percent of Telefonica’s capital during an unspecified period of time.
Media reports said that stc announced recently it acquired a 9.9 percent stake in Telefonica for SAR 8.5 billion (2.1 billion euros).
ZATCA, Korea Customs Service sign MoU to recognize AEO
Riyadh, Saudi Arabia -- Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) and Korea Customs Service have signed a memorandum...The move will accelerate the clearance of goods at customs points, enhance trade, and support their economies, SPA reported.
ZATCA also showcased the “Clearance within Two Hours” initiative, which aims to unify the efforts of customs clearance authorities.
Musk says X could charge all users ‘small monthly payment’
The tech tycoon has made multiple changes since taking over the site for $44 billion in October last year, when...During a talk with Musk on Monday, Israeli PM raised the question of online anti-Semitism, and how X could prevent the use of bots
Musk replied that the company was moving to having a small monthly payment for use of the X system and it's the only way to combat vast armies of bots
AD ports’ digital customs transactions increase by 37% in H1
Clearance of goods transactions increased by 35.8%.AD Customs reported a 20 percent growth in customs clearance request in free zones areas.
It also recorded a growth of 6 percent in customs declaration during the first six months of 2023.
Israeli PM Netanyahu urges Musk to fight anti-Semitism
During their conversation, Netanyahu said I hope you find within the confines of the First Amendment, the ability to stop...The conversation, which was broadcast on Musk's X platform, came as the Tesla tycoon is mired in row with the Anti-Defamation League
The main topic of the conversation between the Israeli Prime Minister and Elon Musk was the potential fallout from artificial intelligence
