US President Donald Trump announced Friday that Boeing has been awarded a major contract for the Air Force's high-tech next-generation...
Dubai, UAE -- Abu Dhabi sovereign wealth fund ADQ has partnered with the American private equity firm Energy Capital Partners...
The Swiss national football team, the country's top football division, tennis great Roger Federer, golf star Sergio Garcia and Zurich's...Golf and equestrian events also relied on Credit Suisse money, as did the Swiss Sport Aid Foundation, which backs talented young athletes in minority sports
Credit Suisse logo will stay on the national teams' training jackets and jerseys for as long as the bank exists, Swiss Football Association spokesman Adrian Arnold said
- Doha, Qatar-- Qatar has recorded $660 million worth real estate trading in sale contracts during the month of February. The...
The real estate index shot up by 70 percent in February as against January 2023, while the value of real estate trading index vaulted by 79 percent
The value of Doha Municipality's transactions amounted to $260 million in the real estate market index for the month of February
Dubai, UAE -- Gold prices climbed on Wednesday after the US Fed toned down its aggressive approach to reining in...Spot gold was up 1.7 percent at $1,973.52 per ounce by 3:56 p.m. EDT (1956 GMT), after advancing as much as 2 percent
The lingering credit concerns are expected to support gold prices in the near term, making it safe haven amid global woes
- The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing rates after the US Federal Reserve raised...
The Saudi Central Bank, also known as SAMA, raised its repo and reverse repo rates by 25 bps each to 5.5 percent and 5 percent, respectively
The Central Bank of the United Arab Emirates (CBUAE) will raise its base interest rate by 25 basis points to 4.9%, effective Thursday
Tencent is the owner of popular messaging app WeChat.Tencent's profit dropped to $27.3bn in 2022, after making a profit of $32.66bn in 2021.
The drop in profit comes in the background of increased scrutiny on China's tech sector.
- The UAE accounts for over 40% of Pakistan's trade with Arab countries, with non-oil exports from the UAE to Pakistan...
UAE is Pakistan's leading investment partner in the Gulf and fifth at a global level, a report said at the end of 2021.
The non-oil trade between the two hit the figures of $7 bn in 2022, marking an increase of 30 percent compared to 2021.
The venture is an extension of Ares’ credit and secondaries platforms, which respectively had approximately $214 billion and $22 billion...The JV seeks to capitalize on the anticipated growth and demand from general and limited partners for customized liquidity solutions for credit secondaries asset class.
Dave Schwartz will serve as partner and head of the credit secondaries strategy and a member of the Ares secondaries executive committee.
Dubai, UAE -- Dubai real estate market recorded real estate deals valued at more than AED2.3 billion ($626 million) on...The deals included a total of 434 sales transactions worth AED1.83 billion, in addition to 86 mortgage deals of AED426.46 million, and 139 gift deals amounting to AED123.6 million.
The sales included 395 villas and apartments worth AED944.57 million, and 37 land plots worth AED889.15 million.
At its Annual General Meeting, ADNIC okayed 40% dividend.The company’s gross written premiums increased by 20.1 percent to AED5.13 billion ($1.39 billion), compared to AED4.27 billion ($1.16 billion) for the same period in 2021.
ADNIC's net underwriting income was AED490.9 million ($133 million), compared to AED491.9 million ($134 million) for the same period in 2021.
- Bard, ChatGPT and other similar artificial intelligence apps churn out essays, poems or computing code on command and have taken...
Google CEO Sundar Pichai told staff that after testing Bard with 80,000 Google employees, the chatbot would be tested with the public in US and Britain
People wishing to play with Bard can sign up on a waiting list at bard.google.com website, distinctly separate from the tech giant's search engine
