Global investors dumped tech stocks following the emergence of a low-cost Chinese AI assistant startup DeepSeek that would threaten Nvidia....
DAVOS, Switzerland -- Bilel Al Souaied is an entrepreneur and venture capitalist. He is the COO of Cytomate, a leading...
to further tighten finances spurred by concerns over deteriorating consumer sentiment caused [by] continued high global interest rates and weak...The South Korean tech giant said operating profits for the October-December period likely slumped to $3.4 billion, a stinging year-on-year drop from 13.87 trillion
In a statement, Samsung said fourth-quarter profits were "well below current market expectations", blaming the performance on macroeconomic issues
Traders' conviction at the beginning of a new trading year always tends to be low for fear of catching the...Gold, together with silver and platinum, is among a few commodities trading up as the new year gets under way, writes Ole S Hansen, the Head of Commodity Strategy at Saxo Bank
Gold’s newfound resilience and momentum from December has been carried over to January as investors seek shelter from what has been forecast to be another overall challenging year
Tunis, Tunisia - Dozens of Tunisian lawyers protested on Thursday against newly imposed taxes on legal services, part of a 2023...Led by Bar Association head Hatem Mziou, lawyers gathered outside the Palais de Justice in Tunis as well as other sites, after the association called for a "day of rage".
The budget, unveiled last week, imposes new taxes to claw the North African country's deficit back to near five percent of GDP, as it awaits an international bailout.
They will co-invest in global credit opportunities.Mubadala will hold 80 percent ownership in the Abu Dhabi Global Market-based joint venture entity, with the remaining 20 percent to be held by Alpha Dhabi.
The venture will leverage Mubadala’s long-term and strategic partnership with Apollo, one of the world’s largest alternative asset managers.
AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase...The Jordan Chamber of Industry stressed on the role of the private sector as a driver of the economy.
The JCI described the level of trade between Jordan and Bahrain as "below aspirations," amounting to less than US$300 million.
- ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing...
This was done to develop the skills and competencies of practitioners engaged in the legal profession.
The program will help the professionals to improve the quality of their service.
ADIB acquired 9.6m shares from National Investment Bank.ADIB acquired 9.6 million shares from National Investment Bank (NIB), representing 2.4 percent of ADIB Egypt’s share capital.
The deal has raised ADIB UAE’s ownership in the Egyptian unit to 52.607 percent.
It will shield customers from fraud and online threats.CVVkey will be a key element in NBF's efforts to improve cybersecurity across its operations and protect its customers from fraud and other online threats
Every few hours, the CVVkey app provides a unique 3-digit dynamic security code for each card enrolled in the service
Called Midnight, the vehicle looks like a small plane with several rotors on its wings and is designed to make...Stellantis will invest up to $150 million in Archer and its vertical takeoff and landing aircraft (eVTOL) designed to carry four passengers in addition to the pilot
The two groups had previously partnered in 2021 but on a more limited scale, with Stellantis expected to provide technical assistance and access to its supply chain
GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their...GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies
The Kingdom's NEOM introduced the energy and water company Inwa, while the Saudi Ports Authority launched 12 private sector investment opportunities last year
