Riyadh, Saudi Arabia -- The Communications, Space, and Technology Commission (CST) has said that the Saudi space economy reached $8.7...
Abu Dhabi, UAE - Passenger traffic through the UAE's airports during the first quarter of 2023 increased by 56.3 percent...UAE's civil aviation sector has managed to restore pre-pandemic passenger traffic levels, Director-General of the General Civil Aviation Authority (GCAA), Al Suwaidi said
The aviation sector in the country contributes about 14% of the gross domestic product, while in major countries, the aviation sector's contribution does not exceed 2 to 3%
In Q1 2022, BP posted its biggest loss ever at $20.4bn.BP posted for the first three months of 2022 its biggest quarterly loss ever, at $20.4 billion after taxes, after Western sanctions forced its exit from Russia
The company also revealed that underlying profit dropped by one fifth to $5 billion, reflecting lower energy prices compared with one year earlier
Cairo, Egypt--Egypt has signed its biggest investment package with Japan aimed at supporting the North African country's transportation development plan....Egypt will use the money to finance expansion of Cairo's metro, a 30-km stretch of land that would link Egypt’s 6th of October city to the Giza plateau
Japan's investments in Egypt have gone up by 99 percent during 2021-2022, touching $73.7 million as against $37.1 million in the previous year
- The scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will...
Geoffrey Hinton, who created a foundation technology for AI systems, said that advancements made in the field posed "profound risks to society and humanity"
Hinton said that competition between tech giants was pushing companies to release new AI technologies at dangerous speeds, risking jobs and spreading misinformation
Dubai, UAE-- The World Free Zones Organisation’s (World FZO) ninth Annual International Conference & Exhibition (AICE) will begun in Dubai...The two-day event will debate challenges facing global trade and the impact of the Covid-19 pandemic on the global economy
Nearly 600 participants specializing in trade, logistics will come from more than 70 countries to take part in the event
Bluesky was created by Twitter's co-founder Jack Dorsey and is now the talk of Silicon Valley, leaving those in the...Unknown to the general public, Mastodon saw its popularity explode when Musk took over Twitter, though still way off Twitter's roughly 200 million monthly users
Musk last month briefly blocked links and search responses to Substack, the site that helps writers monetize their work, after the site launched Substack notes
- Its pre-tax profits touched US$12.9bn in Q1 of 2023.
The bank posted a $9-billion jump in pre-tax profits in the first quarter of 2023, projecting strong earnings for the rest of the year.
Quinn added that HSBC has also announced its "first quarterly dividend since 2019 of $0.10 per share" and a share buy-back of up to $2 billion
Riyadh, Saudi Arabia-- The Saudi Center for Commercial Arbitration (SCCA) has published the 2023 revised SCCA arbitration rules with effect...With the publication of revised rules, SCCA court will become fully functional and replace the existing SCCA Committee for Administrative Decisions
According to SCCA, the new rules are in line with international standards in the arbitration industry followed by renowned institutions across the world
The company reported an increase in its EPS to QR 0.014.The company's net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million)
It also reported a rise in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039)
Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and...The investment aims to give impetus to the National Industry Strategy that seeks to widen the industrial base, cut imports by up to 50% and push exports
NIDC, according to the minister, has partnered with the Public Investment Fund (PIF) to create a business model for taking advantage of the investment opportunities
