AI’s US$19.9tn contribution: Insights from Tealium on digital economy’s future
By 2030, every dollar spent on AI-powered solutions is expected to generate US$4.60 in economic value, according to global analyst...Technology Business Profile & Interviews
The future is already here
Humanity is on a tech-fueled trajectory. Data and informed predictions are inspiring, showing how AI is reshaping economies, smart cities...Technology Education Analysis Business Economy Geostrategy Health
Iraq economy likely to grow this year, says IMF
BAGHDAD, IRAQ – Economic growth of the country is projected to continue amid fiscal expansion, an International Monetary Fund (IMF)...Medium-term vulnerabilities to oil price volatility have increased significantly, the IMF said.
Growth in the non-oil sector has rebounded strongly in 2023 while inflation has receded.
GAS, SPPC ink two contracts
The duration of each contract is of 22 months.The two contracts entail the engineering, procurement and construction of Qassim and Taibah gas pipelines.
The first contract is valued at $90 million (SAR341.09 million), while the second is worth $68 million (SAR256.1 million).
Ooredoo, Nokia sign MoU
It will commit the two to sustainable innovation.The partnership between the two companies stems from their collaborative vision to foster a more environmentally-conscious industry
The CEO of Ooredoo said that the MoU is a cornerstone in their journey towards achieving the goals of Qatar’s National Vision 2030
Dubai’s real estate soars with notable market growth
The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a...The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a preference for larger homes.
The city's office market thrives, with rents surpassing pre-pandemic levels, reinforcing its role as a strategic regional hub for global corporations.
Apple’s changes contradicts European rules, 34 firms complain
Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...Companies have expressed doubts about how much Apple's changes would ultimately broaden consumer choice and digital competition.
Apple in January announced it was modifying how its iOS operating system, Safari browser and App Store operate in the 27-nation EU.
Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...By the end of 2023, the number of countries importing Saudi Arabian dates had reached 119.
The total value of date and date-byproduct exports increased by 152.5 percent since 2016.
EU queries Meta about ad-free subscriptions, shadow banning
BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...The European Commission made a request for information under the mammoth content moderation law known as the Digital Services Act (DSA).
The EU has launched probes under the DSA to quiz platforms on how they are addressing concerns from consumer protection to children's activity online.
ADIB 2023 net profit $1.4bn
The bank achieved a Return on Equity of 27.1 percent.ADIB achieved record-breaking performance in 2023, with significant growth across all its businesses.
Enhancing its digital presence, the bank saw a rise in actively digital customers through improvements to its mobile app.
Elon Musk files lawsuit against OpenAI over mission ‘betrayal’
Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in...The tycoon, who left OpenAI in 2018, argued in documents filed in a San Francisco court late on Thursday that the firm was always intended as a non-profit entity
But he said recent boardroom changes meant OpenAI was now effectively a subsidiary of software giant Microsoft, arguing that this was breach of contract
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...CO2 emissions from energy rose by 1.1 percent in 2023, increasing by 410 million tonnes to a record 37.4 billion tonnes.
Without the drought and water shortfalls, global carbon emissions from power generation alone would have fallen last year.
