San Francisco, United States - OpenAI CEO Sam Altman on Monday said the company behind ChatGPT would continue to be...
The total dividend paid to shareholders in 2024 $1.3bn.
The state-owned hydrocarbon giant will supply 1.5 million tons annually starting in January 2026, the Qatari firm said at the...QatarEnergy chief said the gas could come from the North Field project which holds the world's biggest natural gas reserves and extends beneath the Gulf into Iranian territory.
QatarEnergy currently supplies Bangladesh with more than 3.5 million tons of LNG per annum, Kaabi said. Qatar is one of world's top LNG producers.
Dubai, UAE -- The Investment Corporation of Dubai (ICD) has posted a net profit of AED 36.1 billion ($9.8 billion)...Revenues increased by 58 percent to AED 267.4 billion due to a significant surge in travel and tourism activities reflected in the transportation and Other segment.
Banking and financial services, the largest contributor this year, generated AED 15.3 billion of net profit.
PARIS, FRANCE - Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy...Global additions of renewable energy capacity are expected to rise by 107 gigawatts to more than 440 GW in 2023.
Newly installed solar and wind capacity is estimated to have save EU electricity consumers $107 billion between 2021-2023.
Riyadh, Saudi Arabia - The number of SMEs in Saudi Arabia increased by 4.8 percent in the first quarter of...Riyadh, the capital city of Saudi Arabia, is playing a crucial role in fostering a business-friendly environment and is home to over 41% of the country's SMEs
One of the significant contributors to the growth of SMEs in Saudi Arabia was the Biban 23 forum, a global entrepreneurship event held in Riyadh in March
Dubai, UAE -- A total of 137 companies operating from the UAE were fined AED65.9 million for failing to comply...The Ministry fined these companies, which are operating in the UAE's non-financial business or professions (DNFBP) sector, after carrying out inspection of 840 companies.
The Ministry of Economy revealed that a total of 831 violations committed by violators were found, including failure to adopt necessary measures.
Shares in UAE state oil company ADNOC's logistics unit soared 50 percent as they hit the market in a $769...ADNOC Logistics and Services was heavily oversubscribed even after the offering was expanded from 1.1 billion to more than 1.4 billion shares
The shares rose to over 3 dirhams ($0.82) on the Abu Dhabi stock exchange, up from the launch price of 2.01 dirhams, which was towards the top of its range
Saudi largesse for the arts has boomed under the kingdom's Crown Prince Mohammed bin Salman, with billions pouring into previously...Mohammed Al Turki, 36, heads Saudi Arabia's Red Sea Film Foundation, his name splashed all over posters and movie credits at Cannes Film Festival last week
The foundation, formed two years ago, holds its own annual festival and has already financed 168 movies, including eight in the official selection at Cannes this year
Following the shipment suspension and "as a result of the economic outlook, Nintendo of Europe has decided to wind down...The changes, which were announced and came into effect on Wednesday, follow Nintendo's suspension of product shipments to Russia in March 2022
Russian customers can still re-download previously purchased content but no new payments can be made or new accounts created, a Nintendo statement said
- The Middle East headquarters has been set up in Riyadh.
PwC Middle East said in a statement that the headquarters in Riyadh comes as part of its broader commitment to the region to create 6,000 new jobs.
Saudi Arabia's regional headquarters program requires companies to establish headquarters in the kingdom by 1 Jan 2024.
The net profit increased by 79 percent over Q1 2022.ADNOC L&S is the sixth ADNOC unit that will be listed on the Abu Dhabi Securities Market on Thursday following an Initial Public Offering that raised $796 million recently.
The company reported a revenue of $592.2 million for the first quarter, compared to $312.95 million for the same period in 2022.
