AI game gains popularity during Chinese New Year festivities
SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...Arts & Culture Business Culture & Society Tech & Media
Hermes profit soars 28 percent
The luxury giant posted a profit of US$4.6bn in 2023.Company News Business
Aramco to sponsor major cricket tournaments, player-of-match awards
Saudi Aramco, one of the world's richest companies, will sponsor the International Cricket Council's upcoming men's and women's T20 World...Aramco, which scored record profits as oil prices surged following Russia's invasion of Ukraine, will also sponsor the World Test Championship final in Britain.
No value was announced for the deal, which is the latest in a series of sports investments as Saudi Arabia tries to diversify its oil-dependent economy.
QatarEnergy becomes 100 percent owner of Siraj Energy joint venture
QatarEnergy bought 49 percent of Qatar Electricity and Water Company’s share in Siraj Energy.Siraj Energy was established in 2017 to finance, build, operate, and maintain solar power facilities, and sell electricity generated from solar power, within Qatar.
 Siraj Energy has a 60 percent interest in Siraj (1) which owns and will operate Al-Kharsaa Solar Photovoltaic (PV) Independent Power Project.
Dubai records real estate deals worth $571 million on Thursday
Dubai, UAE---Dubai real estate market recorded realty transactions worth AED2.1 billion ($571 million) on Thursday, Dubai Land Department said. The...The transactions included 401 sales deals worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million.
The sales included 373 villas and apartments worth AED687.26 million, and 28 land plots worth AED1 billion.
Brazil judge fines Apple $20m over chargerless iPhones
The decision, which can be appealed, came after Brazil's justice ministry slapped a separate fine of nearly $2.5 million on...Apple stopped including outlet chargers with new iPhones in October 2020, saying it wanted to help reduce electronics waste
The move effectively "requires consumers to purchase a second product in order for the first to work," Judge Caramuru Afonso Francisco wrote in his ruling.
Meta working to speed up metaverse, but success far from certain
The biggest announcement from this week's Meta Connect event -- the company's giant's annual conference focused on virtual reality --...The analysts say the company has toned down the hype a bit as it struggles to reach its goal of creating an interactive virtual world
The company said it is partnering with Microsoft, Adobe, Accenture and others to sync up popular work software with virtual worlds using Quest Pro
Netflix to debut subscription with ads
After having shunned advertising since it started its streaming service, Netflix acquiesced as competition in the market intensifies and as...Netflix reported a loss of 970,000 subscribers in the second quarter along with stagnant profits
The new "Basic with Ads" subscriptions will be priced at $6.99 in the United States, three dollars less than a no-ads basic option
Lulu Group to list on Abu Dhabi Exchange in 2023
V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati...V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati economy
A number of other firms are considering their IPOs on ADX and the Dubai Financial Market to build up resilience against international uncertainties
Middle East region now has a new address for business centers: Downtown
Close to 200 years after the business hub of New York City was named as downtown, the word has entered...Saudi Crown Prince Mohammed bin Salman announced the establishment of Saudi Downtown Company
The Downtown Jeddah project will cover 5 million square meters and house more than 58 thousand people, likely to be completed in 2029
5.3 billion cell phones to become waste in 2022
Defunct cell phones are just the tip of the 44.48-million-ton iceberg of global electronic waste generated annually that isn't recycled.Despite containing valuable gold, copper, silver, palladium and other recyclable components, these devices will be dumped or incinerated, causing environmental harm.
Studies show 46 percent of the 8,775 households surveyed considered potential future use as the main reason for hoarding small electrical and electronic equipment.
VW, Horizon Robotics plan JV
JV will help in strengthening VW's presence in China.Volkswagen's software arm Cariad will hold a 60 percent stake in the new company, with the deal set to close in the first half of 2023.
As part of its transition to electric vehicles, Volkswagen has long been investing in China.
