San Francisco, United States - OpenAI on Monday said it raised $40 billion in a new funding round that valued...
Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...
Doha, Qatar - QatarEnergy has agreed to hold a 25 percent share in the Gas Growth Integrated Project (GGIP) -...The consortium will be composed of Basra Oil Company (30 percent), TotalEnergies (45 percent), and QatarEnergy (25 percent)
Signed in September 2021, the key strategic project involves investing nearly $10 billion to design and construct facilities
Dubai, UAE-- The total spending by UAE-based organisations on outsourcing services from local and offshore providers was estimated at over...The total spending by UAE-based organizations on outsourcing was around $4.8bn in 2018 and is expected to reach $6.8bn in 2023, a report said
It highlighted the UAE's initiative to diversify its economy toward economic development, cutting-edge innovation, digital transformation, and security
Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment...The strong growth in 2022 was attributed to several pioneering ideas and solutions, such as the Golden Pension Plan, Global Savings Club, and Sukuk Al Waqf
The Golden Pension Plan leverages the financial solutions provided by National Bonds to residents, to meet the demand from both employers and employees
Tripoli's mushrooming arcades have driven rapid growth in Libya's nascent gaming community, Mattouss says. The increasingly organized community is "motivating...Unlike in other Arab states, "the gaming community was completely dead here" until recently, says Sofiane Mattouss, who runs the business set up in 2022
Gaming industry experts say the Middle East and North Africa are high-growth regions, with Saudi Arabia, the UAE and Egypt among the largest markets
DUBAI, UAE - UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one...The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector.
The scheme provides low-cost job security net that supports the career path and living stability of employees in the UAE.
Meta is accused of exploiting its dominant position in the market "by asking SIAE to accept an inadequate economic offer,...The Italian Competition Authority said it was probing Meta's "alleged abuse of economic dependence" of the Italian Society of Authors and Publishers.
The alleged unfair practices could prevent musical artists from "reaching the ever-widening category of users who enjoy social platforms," it said.
Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to...The Federal Cartel Office said it had determined Apple to be a company of "paramount significance for competition across markets'.
Apple joins Amazon, Google parent Alphabet and Meta, the group behind Facebook, in falling under reinforced monitoring.
Dubai, UAE – Jordan’s Ministry of Finance and Central Bank Wednesday said they have completed the issuance of $1.25 billion...The kingdom's finance ministry reduced the coupon rate by 25 basis points from 2022's issue of 7.75 despite the US Federal Reserve raising interest rates seven times since.
Jordanian media reports said the number of subscribers exceeded 230, including some of the largest global investment houses.
The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.
The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.
- The annual general meeting of UBS is being held in the St. Jakobshalle indoor arena, famously the stomping ground of...
UBS and Credit Suisse shareholders had no say in mega-merger, which was engineered behind closed doors by Swiss government, the central bank and the financial regulators
Credit Suisse shareholders have seen the value of their investment plunge from 12.78 Swiss francs per share in February 2021 to 0.76 francs they will receive in the banks merger
