Aramco CEO terms energy transition strategy a failure
Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is...Business
Yen plunges to 34-year low, mixed results for equity markets
Hong Kong, China - The yen plunged Wednesday to a 34-year low against the dollar after a top Bank of Japan...Business
Iran’s BRICS membership to strengthen group, says XI
TEHRAN/ JOHANNESBURG, IRAN/ SOUTH AFRICA - The Iranian and Chinese presidents stressed the need to bolster bilateral cooperation and the...The BRICS heads of state held their 15th annual summit in Johannesburg.
The heads of state called for the use of local currencies to facilitate trade.
Saudi EXIM Bank, Evonik sign pact
The insurance policy will protect the risk of non-payment.The agreement was signed by the CEO of Saudi EXIM Bank, Saad Al-Khlab, and the General Manager of Evonik Industries, Abdulmohsen Al-Muhaidib.
Al-Khlab said the collaboration is an extension of the bank's commitment to bolster the export endeavors of national institutions.
Most expensive American falcon sold for $146,000 at Saudi auction
Riyadh, Saudi Arabia -- An American pure ultra-white falcon cherrug sold for SAR550,00 ($146,000) at the third edition of the...The most expensive falcon, known locally as a Hur, belongs to the American MGE farm. It measures 18 inches in length and 18.5 inches in width and weighs 1.4kg.
The bidding for the falcon started at SAR200,000 before being sold for SAR550,000 ($146,000).
HR ministry and Bayt.com sign MoU to boost talent retention in UAE
Abu Dhabi, UAE -- The Ministry of Human Resources and Emiratization (MoHRE) of the UAE and job search and recruitment...The MoU was signed by Khalil Al Khoori, Undersecretary of MoHRE for Human Resources Affairs, and Rabea Ataya, CEO of Bayt.com.
The UAE was ranked second globally across five indices within the World Competitiveness Yearbook 2022 such as the percentage of expatriate workforce.
Dubai Chambers saves water, works on sustainability agenda
DUBAI, UAE - Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres...The savings were achieved as part of the chambers’ participation in Dubai Can, a sustainability initiative launched by the Crown Prince of Dubai.
Dubai Can is aimed at educating and mobilising all segments of society to reduce waste and protect the environment.
Vietnam’s VNG files for US IPO
VNG operates music streaming, mobile payment and online games.Its Zalo is one of the most popular messaging platforms in the country, with 75 million monthly active users.
VNG plans to sell nearly 22 million shares in the IPO, according to a US Securities and Exchange Commission filing, with the proposed price range not yet set.
Google unveils changes before strict EU rules kick in
EU rules will apply from Friday to Google, alongside 18 other large social media platforms and websites including Meta-owned Instagram,...Google's latest steps include expanding its "Ads Transparency Center", where users will find more information about targeting for ads in EU
It would publish transparency reports with extra information about how content moderation has been handled for more of its services
AI chips revenue to reach $53bn in 2023: study
Dubai, UAE – The global semiconductor industry is set to witness a significant revenue boost in the coming year, with...Industries spanning the spectrum and IT organizations are expected to incorporate AI chips into their systems
Gartner analysts foresee a substantial rise in the value of AI-enabled application processors within consumer electronics
Classic cars back on the road – in Gaza City
Around 2.3 million Palestinians live in the territory, which has been under a crippling Israeli blockade.Around 2.3 million Palestinians live in the territory, which has been under a crippling Israeli blockade since the Islamist group Hamas seized power there in 2007
There is a ban on importing a range of goods, including car parts, as Israel claims these may be used in producing explosives to be used against it
Egypt reports drop in unemployment rate in Q2 of 2023
Cairo, Egypt--Egypt's unemployment rate fell slightly by 0.1 percent to 7 percent in the second quarter of 2023, according to...According to data, some two million Egyptians were without work, including 1.2 million men and 941,000 women
The country's annual inflation rate jumped to 38.2% in July, up from 14.6% in the same month a year earlier
