Paris, France -- AI companies have sucked up the world's entire music catalogue and are guilty of "willful, commercial-scale copyright...
Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...
ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...The Italian Data Protection Authority said it was concerned over “the possible implications for the processing of personal data of users.”
The watchdog said OpenAI -- which also makes chatbot ChatGPT and the image-generating DALL-E -- has 20 days to provide information.
BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.
The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.
ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash...ADCB’s physical-cum-virtual 40th Annual General Assembly meeting approved the decision.
The Board of Director’s proposal means distributing cash dividend of $0.15 (AED0.56) per share.
The debut issue of the company is valued at US$300m.The company's listing sets a new standard as the first real estate benchmark USD-denominated sukuk from MENA in 2024
Nasdaq Dubai has maintained its position as a leading exchange for fixed income listings across the MENA region
The company’s 2023 annual revenue rises to US$1.2 billion.The group continued to implement its geographic expansion strategy with the launch of the PhysioTherabia rehabilitation network in Saudi Arabia.
It opened eight new centers in March 2024 in Riyadh, Jeddah, Dammam, Khobar, and Yanbu which significantly expanded its geographical reach.
- Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's...
The transfer was "a continuation of Saudi Arabia's long-term initiatives to boost and diversify the national economy and expand investment opportunities".
The move brings the state's ownership of Aramco shares to 82.19 percent.
- Nationwide has offered US$3.7 billion for Virgin Money.
Nationwide management believe the transaction will broaden and deepen its products and services faster than could be achieved organically.
The deal remains subject to due diligence and approvals from Virgin Money shareholders as well as Nationwide's borrowers and depositors.
Its net profit shot up to US$1.82bn as demand booms.The group reported a net profit of 1.67 billion euros ($1.82 billion), compared to 791 million euros in 2022
The profit was slightly below an estimate of about 1.8 billion euros by analysts surveyed by financial data firm FactSet
- Riyadh, Saudi Arabia--The biggest tech show in the Middle East, LEAP 2024, hosted by Saudi Arabia in Riyadh, is preparing...
The tech show featured hundreds of speakers, more than 600 startups, besides 170,000 participants from around 180 countries
HONOR, Chinese consumer electronics brand, announced regional expansion plans with an investment of US$100 million
On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended...Gold hit a new record of $2,140 an ounce in early trading, before giving up some of its gains to trade close to $2,128 at around 2130 GMT
Among digital assets, bitcoin briefly hit a record high above $69,000 - beating a record of $68,991 struck in November 2021
