Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has...
Nvidia announced a $5 billion investment in struggling US rival to jointly develop chips for PCs and data centers. The...
Its net profit for October-December rose to US$1.6bn.The company said net profit for October-December rose to Tw$53.1 billion (US$1.6 billion)
The strong figures follow better-than-expected profits in its third quarter thanks to rising demand
- Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...
OpenAI will be able to use content from Le Monde and Prisa Media publications including El Pais, Cinco Dias, and El Huffpost to train the models powering its AI
In the coming months, ChatGPT users will be able to get summaries of news content from the publishers along with links to original articles, according to OpenAI
Abu Dhabi, UAE--ADNEC Group has announced the launch of the region's first Bitcoin MENA Conference 2024 set to take place...The even will be co-organised by Capital Events and BTC Inc., the parent company of Bitcoin Magazine and the Bitcoin 2024 conference
The hosting of the conference marks a significant milestone in the world's largest Bitcoin conference’s expansion into the MENA region
The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.
From altered shopping hours to a rise in e-commerce and spending on traditional foods and gifts, Ramadan shapes retail landscape in unique ways.
Inditex, the world's biggest fashion retailer, is owned by Zara.The net profit of Inditex reached 5.4 billion euros ($5.9 billion) last year, up 30 percent from 4.1 billion euros in 2022
The figure was in line with the expectations of analysts polled by financial data firm FactSet, who predicted profits of 5.36 billion euros
In 2024, it expects sales to grow at a "mid-single-digit rate".The loss of 75 million euros ($82 million) followed a profit of 612 million euros the previous year
Two Yeezy sales in 2023 brought in 750 million euros, well below the 1.2 billion euros of revenue the logo had generated in 2022
It delivered some 9.2 million cars to customers in 2023.Its profit rose 13.1 percent to $19.6 billion from the previous year
The German auto giant expects vehicle deliveries to advance this year
- Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since...
The study focused on two groups of merchants - those accepting digital payments for 1-4 years and those exclusively dealing in cash transactions
95% of digital payment-accepting merchants believe that the value derived from digital payment acceptance are on par with or exceed the associated costs
- Dubai, UAE--A study undertaken by Dubai Chamber of Commerce has revealed that Indian investors topped the list of nationalities of...
Some 15,481 new Indian-owned companies became members in 2023, representing year-over-year (YoY) growth of 38 percent
Pakistan ranked second in terms of new company memberships in 2023, with the chamber welcoming 8,036 new businesses in 2023
- Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...
Rising cyber-attack and ransomware effectiveness boosts demand for cyber insurance, leading to increased premiums and stricter coverage rules amid impact on businesses.
Business risks have evolved from physical to digital, propelling cyber insurance toward a predicted $84.62 billion industry by 2030, highlighting the sector's rapid growth.
