Does ‘vibe coding’ make everyone a programmer?
New York, United States -- Can a complete tech novice create a website using everyday language on ChatGPT? That's the...Technology Business
Trump awards next-generation F-47 fighter jet contract to Boeing
US President Donald Trump announced Friday that Boeing has been awarded a major contract for the Air Force's high-tech next-generation...Business
Middle East oil policies not dictated by US, says Russia
MOSCOW, RUSSIA – US will no longer be able to dictate oil prices in the Middle East, Director of the...The US cannot dictate prices, although they would like to as the world is becoming a multipolar one, a Russian official said.
"This multipolarity is expressed in particular in the existence of the group of countries known as OPEC+," he added.
Air traffic in Saudi Arabia surges 16 percent in 2023
Riyadh, Saudi Arabia - Saudi Arabia's aviation sector soared to new heights in 2023, with a significant increase in both...Passenger numbers saw 26% jump, reaching 112 million compared to the previous year's 88 million, surpassing pre-pandemic levels
Currently, Saudi Arabia boasts connections to 148 destinations with at least 52 daily flights to and from the country
Italy’s Enel doubles net profit
Its net profit spiked to US$3.7 billion in 2023.Enel said that before exceptional items, profit rose 21 percent to $7.04 billion, in line with the company's objectives
The company's revenue fell 32 percent to $103.62bn as prices declined as part of a "normalization of the energy sector"
Reforms help Saudi banking sector post robust growth
The financial sector plays vital role in the Kingdom's economy, with a 9.5% surge in operating income and 10.9% increase...The financial sector plays vital role in the Kingdom's economy, with a 9.5% surge in operating income and 10.9% increase in non-interest income in FY 2023, says a report.
With a promising outlook based on strong capitalization, loan growth, and improving asset quality, the sector is well-positioned to continue its upward trajectory, it adds.
Eurozone business activity stabilizes in March
Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector,..."Business activity in the euro area came close to stabilizing in March" with "only a marginal decline in output of goods and services", the survey said.
The ECB has kept its interest rates steady since October, following an unprecedented series of increases to tame what was red-hot inflation.
Lamborghini sales up in 2023
The deliveries sped up 9.5 percent to 10,112 vehicles.2023 was the best year ever recorded," the brand said in a press release, with sales up 12.1 percent to US$2.9 billion
Operating profit reached $785 million, up 17.8 percent, with operating margins widening to 27.2 percent, said Lamborghini
Will sign US$13.7bn deal with Airbus, says Korean Air
SEOUL, SOUTH KOREA – South Korean flag carrier Korean Air said on Thursday it will sign a US$13.7 billion deal with...The move comes after the European Union approved the airline's takeover of smaller rival Asiana.
The deal involves the purchase of 27 A350-1000 and six A350-900 aircraft, Korean Air said.
EGA to acquire Leichtmetall
EGA is to buy 100 percent of firm from Leichtmetall Holding.The transaction is expected to close during the first half of 2024, subject to obtaining regulatory approvals.
Leichtmetall’s production mainly consists of hard alloy billets up to 1,150 millimetres in diameter
Russia not in danger of trading oil at a loss, says Lavrov
MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...Lavrov expressed confidence that Moscow is not frightened of relying on countries that will buy Russian oil and gas.
OPEC+ regulates the market and prices in an equitable manner, taking into account the interests of consumers, the minister said.
Bayanat, Yahsat shareholders to vote on merger and creation of SPACE42 on April 25
ABU DHABI, UAE – Bayanat AI PLC and Al Yah Satellite Communications Company each issued a circular on Thursday calling...The respective shareholders of each entity will vote on the proposed merger of the two Abu Dhabi-headquartered and ADX-listed entities.
The proposed would create one of the most valuable publicly listed space companies in the world with potential for significant global growth.
