Nissan plans self-driving taxi service in Japan
It has been testing self-driving mobility services since 2017.Business
WTO approves services trade rules, overcoming objections
The set of rules will streamline authorization requirements and ease procedural hurdles faced by businesses, according to a press release....Business
TRENDS poll reveals women in GCC not paid less salaries than men
While many women still believe they are not adequately compensated, men, in contrast, have a different view, with many saying...Nearly 38 percent of the Twitter poll respondents were female, while some 62 percent were male
Around 21 percent felt they needed support in taking on leadership roles at their current workplace
Credit Suisse to borrow up to $53.7bn to shore up group after stocks dip
In February 2021, Credit Suisse shares were worth 12.78 Swiss francs, but since then, the bank has endured a barrage...Credit Suisse, hit by a series of scandals in recent years, saw its share price plummet Wednesday after the Saudi National Bank declined to inject more money into the group
In February 2021, Credit Suisse shares were worth 12.78 Swiss francs, but since then, the bank has endured a barrage of problems that have eaten away at its market value
GCC banks face minimal impact of US banking crisis
The impact of SVB failure on regional banks and corporates may remain limited due to the diversity of Gulf investment...The impact of SVB failure on regional banks and corporates may remain limited due to the diversity of Gulf investment portfolios, Junaid Ansari of Kamco Invest tells TRENDS
The decline in regional indices reflects shaken investor sentiment in global markets, the volatility of interbank rates and uncertainty related to bankruptcy crisis, he adds
Saudi airline Riyadh Air plans new orders ahead of 2025 take-off: CEO
Riyadh, Saudi Arabia -- Saudi Arabia's new national airline plans more aircraft orders as it prepares to operate its first flights...The carrier, Riyadh Air, was officially unveiled on Sunday, and on Tuesday announced an agreement to purchase 39 Boeing Dreamliners, with options for 33 more jets.
The White House said the value of the deal could reach $37 billion. It is the fifth largest deal by value in Boeing's history.
Stock markets sink on banking crisis fears, oil prices fall
Global markets have been rattled by the collapse of tech sector lenders Silicon Valley Bank and Signature, which forced US...Oil prices also dropped, with the main US contract WTI down more than 5% as it fell under $70 per barrel for the first time since Dec 2021.
Shares of Credit Suisse, Switzerland's second biggest bank, crashed by more than 30 percent to hit a record low.
October 2022 OPEC+ oil pact will stay the course, says Saudi energy minister
Riyadh, Saudi Arabia -- As uncertainty in the global economy is limiting clarity about the outlook for oil markets, the...Prince Salman said that sticking to the October agreement is the "sensible and only course of action” for OPEC and its allies.
He said Saudi Arabia has proactively embarked on expanding our capacity to 13.3 million barrels a day by 2027.
Saudi Arabia sees ‘lot of’ investment opportunities in Iran
Iran has been under renewed US sanctions since then president Donald Trump abandoned a landmark nuclear agreement between Tehran and...Saudi finance minister Mohammed Al-Jadaan said Iran has a lot of business opportunities, which could enhance investments in the country.
Saudi Arabi and Iran agreed to restore their ties and reopen embassies in the next two months after a peace deal mediated by China.
SEC 2022 net profit $4 billion
The Saudi utility company will pay $774m cash dividend.The company said its total shareholders' equity increased by 2.2 percent to SAR 257.1 billion, from SAR 251.6 billion in 2021.
The company, which is the Middle East's biggest utility company, said its revenue increased by nearly four percent to SAR 72 billion in 2022.
‘European Space Agency to intensify cooperation with UAE’
"I have decided to send a group of people from my ESA team to the UAE to see which domains...Aschbacher says ESA's plan is to establish navigation and communication around the moon and on the moon surface, just like having a mobile phone on Earth
He believes unifying people is one of the beauties of space exploration, besides developing technology, attracting young talents, fostering stem education, and economic growth
ChatGPT’s long-awaited update makes it more ‘human’ as AI wave continues
GPT-4 has been widely awaited ever since ChatGPT burst onto the scene in late November, wowing users with its capabilities...With its update, text responses from GPT-4 will be more accurate, and will come from both image and text inputs in a major leap forward for the technology
OpenAI said that the new version was far less likely to go off the rails than its earlier chatbot with widely reported interactions with ChatGPT or Bing's chatbot
