Dubai, UAE - Deloitte Middle East has announced the launch of its Middle East Centre of Excellence for Oracle AI...
New York, United States -- AI chip juggernaut Nvidia became the world's first $5 trillion company on Wednesday, as investors...
This was a record 28% jump in annual net profit.Qatar Airways Cargo, the group's air freight service, saw revenues increase by 17 percent on the year before, the airline said.
In 2024, the Qatari airline reported a $1.7 billion net profit following an annual increase of 39 percent, another record.
Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...The increase is primarily driven by a 5.9 percent increase in housing prices and a 2.8 percent rise in the prices of goods and services.
The culture and entertainment group recorded a 1.8 percent increase, while both the food and beverages group and the education group rose by 1.2 percent each.
Abu Dhabi, UAE -- Emirates Global Aluminum, the largest ‘premium aluminum’ producer in the world, today announced the progression of...The plant is expected to have a production capacity of 600 thousand tons of primary aluminum per year.
Some 85 per cent of the aluminum needs of American industries, from automotive to aviation and construction, are currently met by imports.
The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...The broad-based S&P 500 added 0.1 percent at 5,923.30, while the tech-rich Nasdaq Composite Index gained 0.2 percent to 19,146.48.
Broadband and cable company Charter Communications gained 2.5 percent after announcing a deal to acquire Cox Communications for $34.5 billion.
- Its green bond program hits $2.75 billion.
The bond was issued in two equal tranches of US$500 million, with tenors of 5 and 10 years and coupons of 4.875% and 5.375%.
The bond attracted significant oversubscription with a peak orderbook of US$6.6 billion.
- Doha, Qatar - US President Donald Trump said Thursday he urged Apple to manufacture its products in the United States...
Trump said he told Cook: "We're not interested in you building in India... we want you to build here and they're going to be upping their production in the United States"
Apple announced in February it would invest more than $500 billion in the United States over the next four years and promised to hire 20,000 people in the country
San Francisco, United States - OpenAI CEO Sam Altman on Monday said the company behind ChatGPT would continue to be...The issue had become a serious point of contention for the artificial intelligence trailblazer, with major investors demanding the change to better guarantee returns
But AI critics worried about the dangers of pursuing big profits on such powerful technology without the oversight of a nonprofit board of directors who acted in society's interest
The company's net profit was $66m in Q1 2024Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices.
On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.
The Group's revenue increased 8 percent YoY.EBITDA grew 5 percent year-on-year to AED 1.1 billion and net profit grew 3 percent year-on-year to AED505 million in Q1-2025.
haista Asif, Group Chief Executive Officer at PureHealth, commented, “PureHealth’s first quarter results reflect the solid growth witnessed across all core segments."
