Algeria signs gas field deal with oil giant ExxonMobil
Algiers, Algeria - Algeria's state oil company announced Thursday it signed a memorandum with ExxonMobil to develop two gas fields, a...Business
US says Boeing can be prosecuted for 737 MAX crashes
San Francisco, United States - The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max...Business
Alef Group announces US$84m sales transaction at ACRES 2024
SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...ACRES Exhibition is a unique global Arab platform which brings together major investors and businessmen.
This is evident in the success achieved by the ACRES over its successive sessions since its launch in 2008.
ACRES 2024 concludes, deals worth $381 million inked
Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...
Threat of AI-powered phishing is on the rise
"Technologies such as Generative AI presents new security challenges. The rise of automated spear phishing necessitates reevaluating our trust heuristics....Generative AI is driving a surge in sophisticated spear phishing, automating attacks via social media scraping and credential stuffing, transforming the cybersecurity landscape.
The emergence of tools like WormGPT and FraudGPT on the dark web, coupled with cybercrime's ranking as the world's third-largest economy, is fueling innovative phishing techniques.
Alhokair Group wins $202m contract
Alpha Facilities Contracting Company has awarded the contract.The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.
It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.
Fit at 40: the revolutionary Apple Mac in numbers
Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...The first Mac came with 128 kilobytes of memory space, one million times less than top-of-the-line MacBooks today
Apple paid a whopping $800,000 ($2.5 million in today's money) to air the one-minute ad, seen by 77.6 million TV viewers
Do Kwon’s Terraform Labs files for US bankruptcy
Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...Kwon faces fraud charges in both countries related to the crash
According to the filing, Kwon holds 92 percent of Terraform's shares
SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.SABIC will own 51% of the project and Fujian Fuhua Gulei Petrochemical Co. Ltd. will have 49% ownership of the joint venture
The company said that the complex will consist of a mixed feed steam cracker with an annual ethylene capacity of up to 1.8m tons
Sony ends merger deal with Zee
It pulled out of the US$10bn merger of its Indian operations.According to media reports, Sony had sent a termination notice to Zee and that a formal announcement was expected soon
The reports said that Sony cited conditions of the merger agreement not being met as the reason for the decision
Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...The discussion between the chambers and Hyundai Research Institute (HRI) centered upon ramping up ties in the agriculture sector
A chamber official emphasized the status of Qatar as a leading investment destination and how it can become a hub for food security
GCC at the forefront of 2024 sukuk market expansion
This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major central banks.
According to Kamco Invest, this surge is driven by a combination of factors including geopolitical tensions and evolving economic challenges.