Business - TRENDS MENA

Baidu announced in a WeChat post that its latest X1 reasoning model -- which the company claims performs similarly to...

GPT-4 has been widely awaited ever since ChatGPT burst onto the scene in late November, wowing users with its capabilities...
With its update, text responses from GPT-4 will be more accurate, and will come from both image and text inputs in a major leap forward for the technology
OpenAI said that the new version was far less likely to go off the rails than its earlier chatbot with widely reported interactions with ChatGPT or Bing's chatbot
The shareholders approved dividend after record growth.
The announcement of the dividend comes after the airline reported a record net profit of $327 million in 2022, an increase of 70 percent compared to 2021.
Last year, the airline added 24 new routes to its global network from its operating hubs in the UAE, Morocco, Egypt, Armenia, and Pakistan
Zara owner is the world's biggest fashion retailer.
Inditex, like many other Western companies, closed up shop in Russia last year following the invasion of Ukraine and sweeping Western sanctions against Moscow
The Spanish group underwent a leadership shake-up last year, with Marta Ortega, daughter of multi-billionaire founder Amancio Ortega, taking over as chairwoman
Western fashion was once largely taboo in Saudi Arabia, but with the kingdom undergoing great social changes, a designer is...
Mohammed Ashi made his career abroad, training in the United States and working for Givenchy and Lebanese couturier Elie Saab
International stars like Beyonce, Deepika Padukone, Zendaya and Cardi B wear his outfits, showing up on red carpets from the Oscars to Cannes
Dubai, UAE - Apple has lost ground in the Middle East smartphone market during 2022 to main rival Samsung, according...
Samsung has enhanced its share in the smartphone market in the Middle East to 40 percent in 2022, up from 34 percent in 2021
Xiaomi also lost market share, falling to 14 percent from 15 percent in 2021, while Transsion fell to 13 percent from 15 percent in 2021
The small and medium enterprises are an important component of the Qatari private sector, as they account for over 90...
The Qatari economy maintained positive growth rates during 2022, recording over 4 percent growth during the second and third quarters, says the country's finance minister
Speaking at the third edition of the SME Excellence Awards 2022, Ali bin Ahmed Al Kuwari also points out that SMEs are an important component of the Qatari private sector
Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of...
Al Zaabi exhorted Japanese companies to utilize opportunities in Abu Dhabi and benefit from the UAE's position as a gateway to the Middle East, Africa, and South Asia
Kodaira said that the meeting comes at a time when Japan and the UAE are beginning a new half-century of economic cooperation in different fields
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has announced three key initiatives aimed...
Local Content Growth Program, called MUSAHAMA, seeks to increase the share of local content spend in PIF's domestic portfolio to 60 percent by the end of 2025.
The Private Sector Hub initiatve is a dedicated channel that is now live and will share supplier and investment opportunities with the private sector.
The firm also announced 5,000 other roles would remain unfilled.
Meta had suffered a rough 2022 amid a souring economic climate, which forced advertisers to cut back on marketing.
The company is also under pressure for making a huge gamble on the metaverse, the world of virtual reality.
The profit increased by more than 440 percent compared to 2021.
The company attributed the increase in net profit to the increase in revenues—which rose by more than 60 percent to SAR 8.58 billion.
In the oil transportation sector, Bahri's revenues have increased by SAR 2.01 billion, the company said in a bourse filing.