Washington, United States -- Facebook owner Meta announced Tuesday a 20-year nuclear energy agreement with US-based Constellation Energy to secure...
The generative AI frenzy unleashed by ChatGPT in 2022 has propelled a handful of venture-backed companies to eye-watering valuations.
Riyadh, Saudi Arabia/Guangdong, China -- Saudi-listed ACWA Power has signed MoUs with two Chinese firms to bolster collaboration in China...The agreements were signed with state-owned China Southern Power Grid International Company and clean energy integrated solution provider MingYang Smart Energy Group Limited.
ACWA Power has a history of collaborations with Chinese companies such as installing the largest wind turbine in Central Asia with China Energy Engineering Corporation (CEEC).
Abu Dhabi, UAE -- Investments of banks operating in the UAE reached AED 580 billion ($157.90 billion) at the end...The data showed that investments of banks operating in the country increased by 18.8 percent on an annual basis, from AED 487.7 billion in July 2022.
On a monthly basis, investments of banks increased by 0.91 percent, from AED 574.3 billion in June 2023.
Riyadh, Saudi Arabia -- The total assets under management (AUM) held by capital market institutions licensed by Saudi Arabia’s Capital...The total AUM held by licensed capital market institutions in Q2 2023 are the largest in years, according to Argaam.
Dom Capital led the way with a 100 percent increase in AUM in Q2 2023. Sidra Capital followed with a 195 percent rise.
Dubai, UAE - Nearly 15 million electric cars, including both battery electric and plug-in hybrid vehicles, are expected to be...Electric cars are predicted to represent a significant portion of this growth, accounting for 97% of total EV shipments in the upcoming year
Battery electric vehicles (BEVs) are poised for substantial growth, increasing from 9 million units in 2022 to an estimated 11 million units by the end of 2023
GCC equity markets saw their first decline in three months during August, influenced by global market performance and hawkish Fed...GCC equity markets saw their first decline in three months during August, influenced by global market performance and hawkish Fed policies, says a report
Despite some sectors showing gains, the overall trend was downward, with Qatar leading the decline and Dubai emerging as the best performing market
The airline is already under fire over soaring ticket prices, allegations it sold tickets for cancelled flights, and claims that...The court said Qantas had failed to disprove that one reason for the mass sacking was to prevent the workers from taking industrial action in the future
The Transport Workers Union (TWU), which took Qantas to court over the layoffs, hailed the decision and called for the airline's board to be replaced
Geneva, Switzerland - The de-globalization of international trade is far from being a reality, but "the first signs of fragmentation" are...After this phase of slowing globalization, the question is "whether we are moving towards a phase of deglobalization", said WTO official Ralph Ossa.
"We're quite far away from deglobalizing, but at the same time, you start seeing... the first cracks in the system," the WTO official said.
Washington, US - A landmark case pitting the US government against Google over the dominance of the company's world-dominating search engine..."This case is about the future of the internet and whether Google will ever face meaningful competition in search," said Justice Department lawyer Kenneth Dintzer
The US government launched its case against Google during the Trump administration and the suit carried over in the transition to President Joe Biden
The interim dividend reflects the firm’s robust balance sheet.Agthia Group had announced strong first-half results, with group net revenue increasing 10.3 percent year-on-year to US$599 million.
EBITDA increased 18.3 percent supported by margin expansion in snacking, protein, water and food, and a 6.6 percent increase in group net profit.
Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious...The Chinese-mediated restoration of diplomatic ties between Saudi Arabia and Iran served as a catalyst for US efforts to advance Tel Aviv-Riyadh ties.
For Israel, the normalization of relations with Arab countries has remained an important strategic goal for years.
