XRG is ADNOC's wholly-owned international investment company.
Budapest, Hungary -- Hungarian low-cost airline Wizz Air said Monday that it would end its Abu Dhabi operations, which have...
AMMAN, JORDAN - The value of the Kingdom's oil bill decreased during the first half of 2023 by 15.6 percent,...The value of Jordan’s imports of crude oil, its derivatives and mineral oils went down in the first half of 2023, to reach about JD1.531 billion.
In the first half of 2022, the value of imports of crude oil, its derivatives and mineral oils was about JD1.813 billion.
Tehran, Iran - The inclusion of Saudi Arabia, the UAE, and Iran, will significantly increase BRICS’ weight in the oil...Together with the existing participants, Russia and Brazil, these countries jointly command 39% of the global oil exports
BRICS will also possess nearly half of the world's total oil reserves, amounting to 719.5 billion barrels out of 1.6 trillion
- New Delhi. India - DP World on Friday signed a concession agreement with the Deendayal Port Authority to develop, operate...
DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai
With the addition of the Tuna Tekra terminal, the company will have a combined capacity of 8.19 million TEUs
In 2023, data breach costs in the Middle East soared to $8 million, marking a 155.9% rise over a decade,...In 2023, data breach costs in the Middle East soared to $8 million, marking a 155.9% rise over a decade, with the financial sector bearing the brunt, a report points out
AI and automation notably shorten data breach lifecycles and costs, while phishing emerges as the predominant cause of breaches in the region, the IBM study adds
NEW DELHI, INDIA - Breakneck development of artificial intelligence risked repeating mistakes made by the tech industry at the start of...AI tools have shown in recent months the ability to generate essays, create realistic images, mimic voices of famous singers and even pass medical exams
But there are also worries that chatbots could flood the internet with disinformation, that biased algorithms will churn out racist material
- It comes as EU rules on tech platforms enter into force.
Internet giants must now enforce the milestone EU's Digital Services Act (DSA), which demands they protect users online from harmful content.
Microsoft-owned LinkedIn said in a blog post they had implemented this change for the desktop and mobile version of the network.
The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...After 11 rate hikes in less than 18 months, the US benchmark lending rate now sits at a range between 5.25 and 5.5 percent - its highest level for 22 years.
The rapid cycle of interest rate increases has failed to definitively quash inflation, which remains stuck above the Fed's long-term target of two percent.
- The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and...
The first phase of the regulation affects 19 "very large" digital platforms including social media networks, websites and online retailers with at least 45m monthly active users.
They are: Alibaba AliExpress, Amazon Store, Apple AppStore, Booking.com, Meta-owned Facebook and Instagram, Google's Maps, Play, and Shopping, LinkedIn, Pinterest.
- The builder has accumulated debts of more than $150bn.
The company has asked to extend payment on a 3.9 billion yuan ($535 million) note until 2026, originally setting an online vote among bondholders to end on Friday.
Country Garden's cash flow problems have ignited fears that it could collapse and spread turbulence through China's economy and financial system.
Dubai, UAE -- A total of 3,229 real estate transactions worth over AED 23.1 billion ($6.28 billion) were conducted during...The DLD report showed that 183 plots were sold for AED 1.33 billion, while 2,361 apartments and villas were purchased for AED 5.77 billion.
The top three apartment and villa transfers included three in Palm Jumeirah sold for AED 65 million, AED 57 million, and AED 54 million.
