Saudi Arabia announces major gas discovery in Jafurah
Riyadh, Saudi Arabia--Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz revealed on Sunday that an additional 15 trillion...Business Economy
Major firms to attend ‘Invest in Saudi Arabia’ forum in Kuwait
Riyadh, Saudi Arabia--The Invest in Saudi Arabia forum, which will be held on Monday in Kuwait, will see the participation...Saudi Arabia's Minister of Investment Khalid bin Abdulaziz Al-Falih will be visiting Kuwait to attend the forum.
The forum includes dialogue sessions on promising investment sectors between the two countries, review the most prominent developments in the business environment in the kingdom.
Sexting chatbot ban brings AI rules in focus
Given that these bots still make factual blunders, often show bias and could even spout libelous statements, some are clamoring...Regulators in Italy last week barred the firm from gathering data after finding breaches of Europe's massive data protection law, the GDPR.
OpenAI's latest model, GPT-4, is scheduled for release soon and is rumored to be so good that it will be impossible to distinguish from a human.
Dubai Chamber of Digital Economy discusses sector’s future
Dubai, UAE--Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has organised a workshop designed...The workshop discussed four main topics – regulations, funding, talent and infrastructure – with a chance to discuss their ideas, challenges and opportunities
It is part of a series of similar workshop events Dubai Chamber of Digital Economy conducts on a regular basis.
DEWA’s R&D Center registers its 7th patent for 3D printing adhesive device
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has announced the registration of a new patent for an adhesive...The device distributes the adhesive material on the 3D printing plate, ensuring that the printed material sticks securely to the build plate.
DEWA's R&D Center is responsible for supporting innovation in all production and operational areas.
PIF raises US$5.5bn in bond issue
The capital will finance PIF's green investments.It was issued in 3 tranches, comprising: $1.75 billion 7 years, $2 billion 12 years, $1.75 billion 30 years
The bond was sold to a wide range of institutional investors globally, including Asia
First Abu Dhabi Bank not eyeing offer for Standard Chartered
The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a...The company, second time it has quashed reports of an imminent bid, refuted the speculations in the press in a report to Abu Dhabi Securities Exchange
Standard Chartered is a British multinational bank with operations in consumer, corporate and institutional banking, and treasury services
Waha Capital’s profit rises by 23%
The company recorded a full-year revenue of $192m in 2022.Its total assets under management stood at $1.74 billion at the end of 31st December, 2022, an increase of 12 percent from the $1.55 billion
Last year the company was recognised by Forbes Middle East as one of the region’s “Top 30 Asset Management Companies” for the second consecutive year
Emirates and Air Canada sign MoU to boost cargo services
Dubai, UAE-- Emirates SkyCargo and Air Canada Cargo have inked a Memorandum of Understanding (MoU) to provide additional benefits to...They will collaborate on a variety of projects, including extending cargo interline alternatives and block space arrangements
Both have extensive expertise in hauling specialised cargo such as oil and gas drilling equipment, car components, and medicines
A nation or business can’t leave talent off the field
“If you leave people off the field, you have a blind spot – as a country, as a business, in...If you are not inclusive as a country, all you are doing is punishing yourself because you are leaving your talent off the field, says Steven Bartlett, a British entrepreneur
"It is a competitive advantage to be inclusive in the boardroom when key decisions are made because if you are not, you are only hurting yourself," Bartlett adds
Burjeel’s profit surges by 52%
The group's net profit rose to $96 million during 2022.The group recorded a revenue of $1.06 billion, up 17% YoY, driven by 125% growth
Hospital inpatient footfall increased by 17%, outpacing outpatient footfall growth of 15%
