IHC posts net profit of US$8.97bn
Its revenue jumped to US$16.33 billion, a rise of 17.9 percent.Business
Japan’s Moon craft SLIM revives after lunar night
TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...Business Global Science
Presight to list on ADX
It will make an initial public offering before listing.The company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth
It has entered into a cornerstone investment agreement with IHC, under which the latter has agreed to invest in the planned IPO
AI, ML make banks in MENA region smarter and faster
The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway...The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway CCO Adnan Erriade tells TRENDS
Every stakeholder in the financial ecosystem stands to gain from open banking, but end customer remains the biggest beneficiary, adds Erriade in an interview
Saudi EXIM, SINOSURE ink MoU
Pact is likely to help enhance Kingdom's non-oil exports.The agreement was signed during a ceremony held at the Saudi EXIM Bank headquarters in Riyadh
It aims at knowledge exchange, finance and investment opportunities in Saudi Arabia and China
Egypt arrests 29 over alleged online crypto scam
Cairo, Egypt - Egyptian authorities have detained 29 people, including 13 foreigners, accused of running an online cryptocurrency scam that defrauded...The scheme promised large profits from crypto-currency mining and trading services, for fees charged at an attractive foreign exchange rate.
The network pocketed about US$620,000 at the expense of its victims in the country now battered by an economic crisis and rapid inflation.
Saudi ranks first in technical, vocational education enrollment
Riyadh, Saudi Arabia-- Saudi Arabia ranked first globally on the Global Knowledge Index 2022 in the percentage of students enrolled...The Index is issued by Mohammed bin Rashid Al Maktoum Knowledge Foundation in collaboration with United Nations Development Program.
It provides reliable data to help countries and decision makers to understand and face the real transformations and challenges.
UAE keen on new technologies, says minister at Raisina Dialogue 2023
NEW DELHI, INDIA - UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.
UAE positioned itself as key player in global value chain: Al Zeyoudi
Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani...Al Zeyoudi said the UAE achieved a remarkable 17 percent growth in trade figures, reaching a total of $630 billion
The minister affirmed his confidence in the UAE's ability to continue attracting investments and achieving strong trade growth in the coming year
Sunreef Yachts partners with RAK Maritime City to build new facility
Ras al Khaimah, UAE-- Sunreef Yachts Middle East has signed a cooperation agreement with RAK Maritime City for the development...The new facility, developed on a 65,000 square metres land reserve, will incorporate the latest technologies in luxury yacht building
The venture is part of Sunreef Yachts’ global expansion strategy designed to strengthen the company’s presence in the Middle East
Despite hurdles, women entrepreneurs thrive in MENA tech sector
As the governments and private organizations in the region are taking measures to encourage and support women entrepreneurs in the...A UNESCO study found that 57 percent of Science, Technology, Engineering, and Mathematics graduates in Arab nations are women
Another study revealed that 34 percent of the region's tech-focused start-ups have been founded by women
Iran announces discovery of large lithium deposit
TEHRAN, IRAN - Iran has announced the discovery of a large deposit of lithium, a key component of batteries for electric...This reserve is believed to hold "8.5 million tonnes" of lithium, according to a senior Iranian official.
This white metal is an essential component of rechargeable batteries used in cell phones and other electronic devices.
