This is a 30% YoY increase over Q1 2025.
Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
WASHINGTON, US - The world's largest cryptocurrency exchange Binance said it was halting US dollar deposits and encouraged clients to withdraw...Binance is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange.
Binance has criticized the govt's actions, saying that it will continue to vigorously defend ourselves and customers against the SEC attacks.
The UK government said it would scrap a windfall tax on the energy sector should oil and gas prices drop...The government said it would return to 40 percent should average Brent North Sea oil fall to, or below, $71.40 per barrel for two quarters in a row.
Should prices remain above historical norms, the windfall tax would remain until October 2028 as previously announced.
Fireworks and flame-throwers greeted Benzema, wearing their black and yellow kit with the number nine, at Al-Ittihad's 60,000-seater stadium in...Karim Benzema joins Portugal idol Cristiano Ronaldo as the latest superstar to join the Saudi Pro League, which has a hit-list of high-profile targets
Banners welcoming Benzema adorned the city, and according to press reports, 60,000 tickets at the symbolic price of nine riyals ($2.50) sold out within five hours
- The 55.22-carat gemstone named Estrela de Fura was already the largest ruby ever to go under the hammer. It was...
Offered at a starting price of $21 million, it sold for $30 million plus fees and commissions to an anonymous telephone buyer
The previous record belonged to a 25.59-carat Burmese ruby, which sold for a total price of $30.33 million by Sotheby's in Geneva in 2015
The firm led the funding in River, which manufactures electric two-wheelers.River is a Bengaluru-based company that was founded in 2020. The company has developed a range of electric two-wheelers, including scooters and motorcycles.
The investment from Al-Futtaim Automotive will be used to help River scale up its manufacturing and distribution operations.
- A new-generation Quest 3 with improved performance and slimmed design will be available later this year at a starting price...
Zuckerberg's comments came during the first all-hands gathering at its Silicon Valley campus since the pandemic, and just days after Apple unveiled Vision Pro mixed reality headset
Meta makes Quest virtual reality headsets and has invested heavily in Zuckerberg's belief that internet life will one day play out in virtual worlds referred to as the metaverse
Abu Dhabi, UAE - The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) rose to more...Statistics showed that bank transfers and customer transfers conducted in the period under review stood at $674.32 billion and $329.90 billion respectively
Statistics also noted that March was the busiest month with dirham-denominated transfers standing at $397.82 billion
At $445 million, startups in the region witnessed a robust 153 percent year-on-year growth in venture funding despite a 7...At $445 million, startups in the region witnessed a robust 153 percent year-on-year growth in venture funding despite a 7 percent drop in deal volume, says a latest report
Securing $422 million in 14 deals, the UAE led regional funding, while Saudi Arabia, boosted by Flat6labs Riyadh's seven new startups, led with 15 deals.
Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission...The commission will examine "the legality, opportunity and effectiveness of the activities" of the Swiss authorities in the takeover.
The commission will be composed of 14 lawmakers - seven from each house of parliament - with all major parties represented.
DUBAI, UAE - Dubai International Chamber (DIC), one of the three chambers operating under Dubai Chambers, has launched the International...The International Partners Network will be focused on updating stakeholders on the chamber's attraction and expansion plans.
The network supports the Chamber's strategic objectives of attracting 100 SMEs, 30 MNCs, expand100 Dubai-based companies by end of 2024.
