San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT,...
Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of...
Doha, Qatar—The 22-deck cruise ship MSC World Europa (floating hotel) has docked at Doha Port for FIFA World Cup fans...The cruise ship, designed with the highest standards of security and safety, can accomodate 6,700 World Cup fans
The ship offers 7 swimming pools, 13 whirlpools, and the most luxurious yacht club, which includes public spaces, outdoor areas and new suites
Abu Dhabi, UAE— Abu Dhabi Global Market (ADGM) Courts has announced the first-ever introduction of blockchain technology for the global...The blockchain solution will result in substantial time and cost savings for parties in the enforcement of their commercial judgments
Parties will no longer need to wait for a certified copy of the judgment to start the process in the enforcing jurisdiction
US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to...The producer price index in US rose just 0.2 percent compared to September, the Labor Department reported.
Annual PPI in the US slowed to 8 percent in October, the data showed, down from 8.5 percent in the prior month.
Dubai, UAE -- Dubai real estate market recorded transactions worth AED1.8 billion ($490 million) on Tuesday, Dubai Land Department said....The transactions included 553 sales transactions worth AED1.43 billion, 107 mortgage deals valued at AED387.11 million and 12 gift deals amounting to AED43.73 million.
The sales included 508 villas and apartments worth AED1.09 billion and 45 land plots worth AED341.04 million.
- It comes after Lebanon and Israel said in October that they had struck an "historic" deal to resolve a maritime...
Lebanon divided its exclusive economic zone at sea into 10 "blocks", and block nine was part of the area disputed with Israel.
Under the agreement with Israel, Lebanon gained full rights to operate and explore the Qana or Sidon reservoir, parts of which fall in Israel's territorial waters.
- Settlement on opioid cases hit earnings of the firm.
The opioid crisis in the US - causing over 500,000 deaths over 20 years - triggered a flurry of lawsuits against drugmakers, distributors and pharmacies.
US pharmacy chains CVS Health and Walgreens similarly reached preliminary agreements this month to pay more than a total of $10 billion to resolve opioid claims.
Abu Dhabi, UAE---Liquidity Group, a FinTech company, became the first Israeli firm to join the $545 million Abu Dhabi Investment...The partnership will support Liquidity Group’s establishment of an R&D centre in Abu Dhabi to develop its proprietary technology-enabled underwriting algorithm.
The firm’s patented machine learning and decision science technology has enabled the firm to deploy more capital through more deals faster than any firm in capital markets history
Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022.Adjusted total income grew 17 percent to $28.9 million in 9M-2022.
Adjusted EBITDA grew 19 percent to $29.8 million (AED110.1 million) in 9M-2022.
Pact will help SMEs in UAE gain access to key banking services.With this pact, Wio will extend its Wio Business platform to SMEs registered with ADGM and provide them with fast-tracked application submission.
Presently, AGDM supports over 330 SMEs in health tech, pure tech, Edtech, legal tech, food tech, tourism tech, and insurance tech.
Firm approved interim dividend payment of US$54m.The approved US$54 million (AED200 million) cash distribution is in line with the Group’s previously announced dividend policy of distributing $217 million annually.
All matters related to future dividend distribution will be subject to Board of Director’s recommendation and shareholders’ approval.
