Aramco buys 10% stake in Chinese petrochemical firm for $3.4 billion

"Our strategic partnership with Rongsheng advances Aramco's liquids to chemicals strategy while growing our presence in China," Aramco vice president Mohammed Al Qahtani said.

Aramco, which is mostly state-owned and said it earned record profits totaling $161.1 billion last year, has pledged to achieve "operational net-zero" carbon emissions by 2050.

Security, trust: Tech titans promise watermarks on AI creations

Worry that imagery or audio created by AI will be used for fraud and misinformation has ramped up as the technology improves and the 2024 US presidential election gets closer.

Commitments by the companies include independent testing of AI systems for risks when it comes to biosecurity, cybersecurity, or "societal effects," according to the White House.

Dates exports from Saudi Arabia hit $342m in 2022, marking a 5.4% surge

The upward trajectory continued with Saudi dates exports rising by 2.5 percent year on year in the first quarter of 2023

In 2022, the Kingdom's dates exports surged by a remarkable 121 percent compared to 2016

G42, Cerebras unveil world’s largest supercomputer for AI training, deal worth $100m

FAB H1 2023 net profit $2.2bn

Return on Tangible Equity (ROTE) increased substantially to 18.6 percent as of June-end 2023.

Strong capital accretion lifted group Common Equity Tier 1 to 13.6 percent as of June-end 2023.

AD Ports Group, CMEC ink MoU

The two companies will cooperate in various fields including global industry and infrastructure development, financing, building.

The agreement will be valid for three years and will focus on achieving complementary advantages, sharing resources.

Volvo Cars Q2 net profit $342m

Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.

Central banks have been raising interest rates in efforts to cool consumer price increases.

Netflix adds 6m subscribers

The streaming giant finished the recently ended quarter with a total of 238 million subscribers and a profit of $1.5 billion, according to an earnings release

Netflix in May expanded its crackdown on users sharing passwords with people beyond their immediate family as it seeks to shore up revenue after a rough patch last year

Tesla earnings rise to $2.7bn

Revenues surged 47 percent to $24.9 billion - a record for the company as auto deliveries surged 83 percent to 466,140 vehicles

Total gross margin came in at 18.2 percent, down from 19.3 percent in the prior quarter and below the 18.8 percent expected by analysts

Egypt to resume exports of LNG by October: Tarek El Molla

Egypt uses the gas at home during summer months when the temperatures are high, but in winter months it has excess levels of gas available for export

El Molla said that summer exports surged last year because the government switched from using natural gas in power stations to mazut fuel oil