After receiving backing from his OpenAI board, Sam Altman informed an Elon Musk-led group of investors that sought to buy...
Amazon and big tech peers Microsoft and Google saw their stock prices fall on concerns over high AI investment costs....
ABU DHABI, UAE - Abu Dhabi Global Market (ADGM) Monday received a French delegation to strengthen bilateral relations through dialogues...ADGM is home to an increasing number of French companies including renowned anchor tenants such as BNP Paribas Group.
Dialogues were exchanged through an open platform discussion along with closed-door sessions and roundtables.
TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should...To strengthen its position, TikTok for months held confidential talks with the US government to find a long-term arrangement that would satisfy any national security concerns.
A tentative proposal struck in August included direct oversight of TikTok USA by government officials and third-party companies.
- Riyadh, Saudi Arabia--Aramco has signed more than 100 agreements and Memorandums of Understanding valued at around $7.2 billion to help...
The agreements were signed with Zoom, Taulia Inc, DHL, Ministry of Investment of Saudi Arabia, Accenture, Hassana Investment Company and Achilles among others.
The iktva program has achieved 63 percent local content in 2022, up from 35 percent in 2015, when iktva was launched.
North Korea, Turkmenistan, Equatorial Guinea, Syria and Venezuela present the highest commercial bribery risk, said the TRACE Bribery Risk Matrix 2022.The TRACE Bribery Risk Matrix measures a country's score on the basis of four domains, which are derived from nine sub domains.
The matrix measures the risk in 194 jurisdictions, territories, and autonomous and semi-autonomous regions.
- ADIB's revenue increased by 23% to US$1.8 billion in 2022.
ADIB reported a 60 percent growth in the fourth quarter of 2022 with a net profit of US$326 million.
The bank's revenue in 2022 was driven by a 43 percent increase in fees and commissions and a 24 percent growth in funded income.
The $15 million pact will expand YahClick's presence in Africa.The deal will make Sudan's Canar Telecom one of YahClick’s largest service providers across the region.
Under the agreement, Canar has procured significant satellite capacity from YahClick.
- ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) Monday launched the Industrial Census project, in collaboration...
The project aims to create a comprehensive database of all establishments that practice industrial activities.
The project will help create new investment opportunities for manufacturers, investors and owners of industrial companies.
- The net profit was up 16 percent from $3.92 billion in 2021.
In a bourse filing, the bank attributed the rise in net profit to an increase in the total operating income by 11.12 percent.
The bourse filing said loans and advances in 2022 stood at 568.34 billion riyals, up 25.5 percent over 2021.
Mumbai, India--Gautam Adani's vast Indian business empire lost billions of dollars more in value on Monday after its rejection of...The slump was sparked by a report by Hindenburg Research that last week alleged "brazen stock manipulation and accounting fraud scheme over the course of decades".
The three-day selloff has now erased about $71 billion in market value, according to Bloomberg News. Last week Adani's firms recorded a slump of around $50 billion.
It suffered losses caused by a recall of faulty sleep respirators.The Dutch company unveiled net losses of $114 million for the fourth quarter of 2022 and 1.6 billion euros for last year as a whole, largely due to the recall
Chief Executive Roy Jakobs said the company needed to improve performance and for that reduction in its workforce is required for 6,000 roles globally by 2025
