San Francisco, United States -- Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder...
Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has been awarded first place in UAE Ministry of Energy and...DEWA was honored for its innovative grid-integrated system which regulates photovoltaic inverters for autonomous voltage.
The approach to innovation, research and development in renewable and clean energy is in line with government strategies, DEWA CEO said.
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) accounted for nearly 20 percent of...Arab stock exchanges, according to the Arab Monetary Fund, raked in liquidity to the tune of $10.28 billion last week
ADX’s liquidity shot up by 2.22 percent last week from US$1.489bn to $1.522bn, while DFM’s liquidity surged by 41.4 percent from US$344.4mn to US$486.06mn
Ottawa, Canada--Canadian Prime Minister Justin Trudeau announced Friday up to 13.2 billion Canadian dollars ($9.8 billion) in subsidies over 10 years...Terming the funding a "generational investment", Trudeau said that the new plant is expected to generate about Can$200 billion in value
In order to attract auto makers, Canada has made a big push into batteries for electric vehicles, touting tax incentives and clean energy
It posted better-than-expected profit increase to US$2.35bn.According to a poll by an Indian newspaper, the result exceeded analysts' expectations of slower profit growth of around $2.04 billion
The company's telecom wing reported a 13.01 percent increase in net profit to $574.76 million from a year ago
Signaling its resolve to keep fighting price rises, the US central bank has said that interest rates may need to...Lisa Cook, Fed governor, said on Friday that overall inflation, and other underlying measures of consumer price increases, remained high
She noted that interest rate hikes would be determined by the impact of the recent financial sector turmoil on bank lending
- TRENDS Twitter poll suggests 48% candidates face discrimination during job recruitment process in the Gulf region, while 30% do not,...
Recent updates to labor laws in the UAE, Saudi Arabia, and Bahrain aim to bridge the gender pay gap and address discriminatory practices
These updates include prohibiting discrimination between male and female employees who perform the same job and introducing paternity leave in the UAE
- The internet titan is scheduled to release its most recent quarterly earnings figures next week. A site in San Jose...
Google's parent company Alphabet early this year announced it would cut about 12,000 jobs globally, citing a challenging economic reality
Alphabet reported lower revenue and profit than expected in the final three months of last year as harsh economic times cooled its ad business
London, United Kingdom -- From digital bank Revolut to money-transfer group Wise and payments company Checkout, London is Europe's fintech champion...Britain's exit from the European Union without an EU-London deal on financial services has complicated access to the gigantic market and talent.
The UK last year saw injections of funds into its fintechs slump by 56 percent to just over $17 billion.
Gross assets of the Islamic banks operating in the country increased to AED620.9 billion as of the end of January...Conventional banks in the UAE accounted for nearly 83.1 percent of the total assets in the banking sector by the end of Jan 2023.
The Islamic banks’ deposits increased to AED434.1 billion in Jan 2023, an annual increase of 3.1 percent, compared to nearly AED421 billion in Jan 2022.
- Its Q1 profits rose 1% to $3.4 billion, on a 4% increase in revenues.
P&G shares rose 2.7 percent in pre-market trading following the results, which were better than expected.
While there was a fall in sales volumes, this was offset by a 10 percent surge in product pricing -- boosting sales gains.
