OpenAI denies Musk’s ‘betrayal accusations, plans legal dismissal
OpenAI captured the public imagination in late 2022 with the release of its chatbot ChatGPT, which can generate poems and...Business
TECOM 2023 net profit $299m
Revenue in 2023 grew by 10 percent YoY to $599 million.Company News Business
US banks report solid results, warn of rising recession risk
Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs...There are worries including on stubborn inflation that has prompted significant central bank interest rate hikes.
There are concerns over geopolitical fallout from the Ukraine crisis, uncertainty in the oil market and worries about European energy security this winter.
Russia’s Rosneft sues Germany over refinery seizures
Russian oil giant Rosneft has filed a complaint against the German government for taking control of its German-based refineries, a...Berlin in September took control of Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country.
Germany said the dramatic move last month was necessary to counter "a threat to the security of energy supply", as relations with Russia deteriorate.
By 2030, TAQA targets a 25% reduction in greenhouse gas emissions
The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals
TAQA will focus on the decarbonisation power and water supply, electrification across sectors to support more efficient use of power and water
Mubadala buys stake in EQT Infrastructure’s GlobalConnect
GlobalConnect is a fiber-based data center services provider.Headquartered in Stockholm, Sweden, GlobalConnect is a fiber-based data communication and data centre services provider.
The company was created in 2019 through the combination of four independent fiber platforms in Denmark, Norway and Sweden.
Abu Dhabi’s Environment Agency holds training for industries
The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.The Green Industries program aims to recognize industrial facilities that adopt green processes and operations.
The workshops, held digitally, were attended by over 135 industrial facilities from various sectors in Abu Dhabi.
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
