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
Iran says Russia will invest $83.58m in Sirik power plant
Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.After discussions, the Russian Ministry of Finance agreed to invest in the 1400-megawatt (MW) gas-powered plant
Some seven Iranian companies are working in the project, employing 250 manpower directly and indirectly
Iraq keen to benefit from Egypt: Central Bank Governor
Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones
Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"
SHUAA helps Anghami to list on NASDAQ
Last year, the firm helped Anghami in arranging $30 million investment.SHUAA has been working closely with the Anghami team as an advisor and investor to further develop and secure the PIPE investment and deliver a successful listing on NASDAQ
Founded in 2012, Anghami is the first music streaming platform in the Middle East and North Africa (MENA)
Lebanon women get FAO grants to fund their businesses
Four women groups from the South, the North, Mount Lebanon, and the Bekaa received grants.The grants were disbursed under the project Support to Women’s Cooperatives and Associations in the Agri-food Sector of Lebanon
Funded by Canada, the project is implemented by the FAO and Lebanon’s Ministry of Agriculture and the General Directorate of Cooperatives
Saudi, UAE indices fluctuate through the week
From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.Emaar Properties’ 1.7 percent share price reduction weighed on the index on Tuesday as it fell 1 percent
With the Commercial Bank of Dubai up 8.4 percent and Emirates NBD Bank up 0.8 percent, the Dubai index recovered previous losses
Meta debuts ‘personal boundary’ tool to curb harassment
Horizon's anti-harassment feature makes an avatar's hands vanish if it tries to inappropriately touch another virtual character.The "personal boundary" function in the immersive platform puts a ring of space around users' digital proxies to prevent invaders to enter your avatar's personal space
Facebook parent Meta has opened its Horizon Worlds virtual reality platform to the public in December
Saudi Telecom Company signs over 15 pacts at LEAP22
The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in...The company has already announced an initiative to establish a $1billion main digital center “MEAN Hub” for the Middle East and North Africa
The company also announced an initiative to establish a factory to localize data centers in the Kingdom, in partnership with Huawei
Rockstar Games confirms Grand Theft Auto 6
More than 230 million copies of Grand Theft Auto, referred to as GTA, have been sold overall.New York-based Rockstar Games did not say when Grand Theft Auto 6 would hit the street
It also did not reveal how it would be different from the previous edition, released in 2013
Growth picks up as MENA drives into EV market
Rising prices of metals, elements, and compounds used in EVs could be a headache, but the MENA region and the...EVs use more than the 1,400-odd chips that normal cars use has not helped matters
Chip shortage and supply-chain bottlenecks could hamper EV adoption in the MENA region
Policy reforms help Saudi FDI inflow rise 326%
The Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5...The Kingdom is likely to witness an increase in net FDI by 1,816 percent between 2021 and 2030
The country’s wholesale and retail sectors issued more than 44 percent of new FDI licenses in Q4, 2021
