IMF chief at Davos: AI holds risks, opportunity for global economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...Business Economy Geostrategy Tech & Media
Qatar Chamber and CzechTrade look to boost trade cooperation
Doha, Qatar--Qatar and Czech Republic are looking to ramp up trade and investment cooperation between the two countries.In this regard,...Business
Moody’s depicts a bleak outlook for sukuks in 2022
Moody’s has depicted a bleak outlook for sukuks in the current year because of a spike in oil prices and...However, the risk assessment firm expects Islamic finance to grow even more in 2022 as economic recovery continues in the GCC
According to Moody’s, Islamic fund AUM continued to grow robustly in 2021 as the economy improved and equity markets performed well
$2.1bn in deals signed at Saudi Arabia’s first defense show: GAMI
Saudi Arabia's first World Defense Show has seen the signing of 22 industrial partnerships with domestic and international defense companies...General Authority for Military Industries (GAMI), which is also the regulator of the Kingdom’s defense sector, said that the deals cover a broad range of activities.
GAMI is the founder of the World Defense Show and the defense industries sector’s regulator.
US envoys held energy talks with Venezuela’s Maduro: W.House
The White House said Monday that a US delegation held weekend talks in Venezuela with the government of President Nicolas...US has broken it's diplomatic relations with Nicolas Maduro, imposed sanctions on Caracas in a bid to force Maduro from power in 2019
Venezuela President has assured Vladimir Putin of his "strong support" in the wake of the invasion
Saudi, Lockheed Martin in missile defence deal
Saudi military industries authority approved two projects to produce launchers and other equipment used in the THAAD anti-missile defence system.Saudi Arabia has signed defence deal with the US firm as the kingdom aims to manufacture 50 percent of its defence needs by 2030
In 2019 when KSA was in conflict with Iran, US had deployed THAAD and Patriot defence systems in Saudi Arabia
Agthia Group revenues up 49%
The group’s net profit stood at AED216 million in 2021.Net profit stood at AED216 million ($58.82 million) compared to AED34 million ($9.26 million) in the previous year
Of this, AED83 million ($22.6 million) of one-off costs were incurred as a result of a strategic review of the company's balance sheet
DNI inks AECB deal
It will help DNI assess people and companies’ financial position.The MoU reportedly underlines DNI’s commitment to transparency within the financial sector
With it, the insurer apparently aims to serve customers better and secure shareholders’ interests
More women make positive impact on GCC businesses
In the wake of International Women’s Day, TRENDS highlights how courageous Arab women are making a difference in the business...The UAE ranked first in the MENA region when it came to women-friendly policies and programs
GCC countries strive to increase opportunities for women and encourage them to pursue careers in business and technology
Arab News joins hands with Arab Women Forum
Arab women leaders will share their success stories, challenges and opportunities at the Forum organized by Special Edition in Dubai...Senior government officials, women business leaders, academicians, technocrats, and entrepreneurs are expected to participate in this year’s Forum
The Forum will discuss topics ranging from the image of Arab women to the issues with a quota system, workplace of the future, women entrepreneurs and Arab women in technology
Dubai Airports launches ‘DAWN’ to empower women
Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has announced the launch of the new...The DAWN platform will provide a range of networking and knowledge sharing opportunities while contributing to Dubai Airports’ ability to maintain a balanced work environment
It was launched on International Women’s Day, which celebrates the social, economic, cultural, and political achievements of women
King Abdulaziz Port records highest daily container throughput
The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume...The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.
