OpenAI valued at $80bn in new deal
With this deal, the value of the firm has tripled in 10 months.Business
Tech giants sign pact against AI-made political deepfakes
Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...Business
Rattled and uncertain of its future, Twitter stumbles on
Just days before the first court hearing in Twitter's lawsuit seeking to force the Tesla boss to close the $44...Just days before the first court hearing in Twitter's lawsuit seeking to force the Tesla boss to close the $44 billion deal, the firm is stuck in limbo
Musk once had potential Twitter investors salivating with his talk of growing revenue fivefold and aiming for a billion users by 2028
Biden to focus on oil at summit with Arab leaders in Jeddah
US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in...Biden landed Friday in Saudi Arabia and met with King Salman, Crown Prince Mohammed bin Salman and other top Saudi officials
Washington wants the world's largest exporter of crude to open the floodgates to bring down soaring gasoline prices, which threaten Democratic chances in November elections
Equities climb up on back of high US consumer spending
Stocks soared Friday after retail sales data showed that US consumers continue to spend more in the latest signal of...Better-than-expected results from Citigroup also helped temper concerns about what lies ahead for investors as more companies report second-quarter results
Oil prices rebounded, after slumping Thursday on recession fears
Saudi Arabia, US sign 18 agreements in key sectors
The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
The deals include 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu and numerous private sector firms
EU car sales down 14 percent in H1 as supply shortages persist
EU auto sales slumped by 14 percent in the first half of this year, data showed Friday, as supply shortages...With the lack of computer chips still hobbling production, new auto sales slumped to 4.6 million in the European Union.
Sales in Italy tumbled by 22.7 percent, by 16.3 percent in France, 11 percent in Germany and 10.7 percent in Spain.
Lufthansa expects best quarter results
The airline expects to book an operating profit of "between $352m and $403m.In May, Lufthansa said it was "on track" over the year, despite the personnel shortage and the rising price of fuel.
Lufthansa's revenues in the second quarter had "more than doubled" to 8.5 billion euros in the space of 12 months.
US stocks rise on strong retail sales, positive Citigroup results
Wall Street stocks rose early Friday as markets cheered unexpectedly strong US retail sales and better-than-expected results from Citigroup. After...About 35 minutes into trading, the Dow Jones Industrial Average was up 1.5 percent at 31,074.83.
Among individual companies, Citigroup surged 7.8 percent after reporting better-than-expected earnings.
Dubai records weeklong real estate transactions worth $1.49 billion
A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments...Al Hebiah Fifth recorded the most transactions for this week by 105 sales transactions worth AED 262.43 million.
A total of 80 properties were granted between first-degree relatives worth AED 479 million.
Chairman, CEO of Expo City Dubai Authority appointed
Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler...Expo City Dubai Authority seeks to reinforce Dubai's position as a leading destination for global exhibitions
The Authority will facilitate sharing of knowledge and experiences related to the management and organization of major events
EDB, Valiant Healthcare sign pact
EDB credit facility will extend to both capital investment and expenditures.The signing ceremony was attended by Ahmed Mohamed Al Naqbi, CEO of EDB, Faisal Juma Belhoul, Chairman of Valiant, and Ahmed bin Juma Belhoul, CEO of Valiant Healthcare.
We will introduce our patients to additional highly valued premium inpatient rooms, in addition to a state of the art Cath-lab & EP lab, said Belhoul.
