The bank's profit crossed AED 1bn mark for the first time.
With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the...
Riyadh, Saudi Arabia -- Saudi Arabia's new national airline plans more aircraft orders as it prepares to operate its first flights...The carrier, Riyadh Air, was officially unveiled on Sunday, and on Tuesday announced an agreement to purchase 39 Boeing Dreamliners, with options for 33 more jets.
The White House said the value of the deal could reach $37 billion. It is the fifth largest deal by value in Boeing's history.
Global markets have been rattled by the collapse of tech sector lenders Silicon Valley Bank and Signature, which forced US...Oil prices also dropped, with the main US contract WTI down more than 5% as it fell under $70 per barrel for the first time since Dec 2021.
Shares of Credit Suisse, Switzerland's second biggest bank, crashed by more than 30 percent to hit a record low.
Riyadh, Saudi Arabia -- As uncertainty in the global economy is limiting clarity about the outlook for oil markets, the...Prince Salman said that sticking to the October agreement is the "sensible and only course of action” for OPEC and its allies.
He said Saudi Arabia has proactively embarked on expanding our capacity to 13.3 million barrels a day by 2027.
Iran has been under renewed US sanctions since then president Donald Trump abandoned a landmark nuclear agreement between Tehran and...Saudi finance minister Mohammed Al-Jadaan said Iran has a lot of business opportunities, which could enhance investments in the country.
Saudi Arabi and Iran agreed to restore their ties and reopen embassies in the next two months after a peace deal mediated by China.
The Saudi utility company will pay $774m cash dividend.The company said its total shareholders' equity increased by 2.2 percent to SAR 257.1 billion, from SAR 251.6 billion in 2021.
The company, which is the Middle East's biggest utility company, said its revenue increased by nearly four percent to SAR 72 billion in 2022.
"I have decided to send a group of people from my ESA team to the UAE to see which domains...Aschbacher says ESA's plan is to establish navigation and communication around the moon and on the moon surface, just like having a mobile phone on Earth
He believes unifying people is one of the beauties of space exploration, besides developing technology, attracting young talents, fostering stem education, and economic growth
- 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
