US Fed expected to look beyond Trump win and cut rates again
The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...Business
Microsoft unveils autonomous AI agents for business tasks
San Francisco, United States - Microsoft on Monday said it was enhancing its AI offerings with new autonomous agent capabilities as...Business
Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...This reflects a fourth consecutive month of strengthening demand for air cargo.
Most of the capacity growth continues to be attributable to the rise in belly capacity.
Boost investment to avert ‘decade of wasted opportunity’: World Bank
Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...Growth in advanced economies is expected to slow to just 1.2% this year, while emerging market and developing economies should see growth ease slightly to 3.9%.
After seeing reasonable growth in 2023, the United States and China -- the world's two largest economies -- are both likely to slow in the year ahead, the World Bank said.
Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.Upon delivery, Nakilat's LNG fleet will expand to 71 vessels, and the LPG fleet will grow to eight vessels with the addition of the four new vessels.
The orders include two cutting-edge LNG carriers with a cargo capacity of 174,000 cum each and four modern Very Large LPG/ Ammonia Gas carriers.
SEC, Emaar Economic City sign agreements Â
RIYADH, SAUDI ARABIA - The Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) have signed here two...The two agreements aim to deliver electrical service to the second and third phases of KAEC projects.
These aim to provide electrical energy for major projects related to achieving the goals of the Kingdom’s Vision 2030.
ByteDance to sell gaming arm
It is in talks with buyers including tech giant Tencent.The discussions would see the firm sell Nuverse, a video game publisher that is a subsidiary of ByteDance
Nuverse was once viewed by the firm as a vital component in its bid to catch up with Tencent
CES gadget fest a showcase for AI-infused lifestyle
The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...CES exhibitor and attendee numbers have jumped each year since the Covid-19 pandemic caused it to be an online-only event in 2021
While the show is increasingly a showcase for startups, big brands such as Amazon, Google, Intel, Netflix, Samsung, SonY will also be there
Aldar to invest US$272m in logistics
The developer will expand business in Dubai, Abu Dhabi.It will acquire assets and develop ready-to-lease and build-to-suit options in response to strong demand for grade A logistics facilities
In Dubai, Aldar has bought 7 central logistics hubs and an adjacent plot, which will almost double the current gross leasable area of 19,000 sqm
Oil prices slump but stock markets mostly higher
Wall Street indices enjoyed solid gains, including the Dow, which mustered a 0.6 percent advance in spite of an eight...US and European oil futures fell around four percent after top exporter Saudi Arabia cut the price of its crude, weighing also on shares of energy majors, analysts said
Drop in oil prices weighed on energy shares, with Shell down 2.9Â percent as investors reacted to mixed trading update ahead of British oil major's annual earnings due next month
Samsung expects profit dip
The tech giant forecasts profit to fall to US$2.1bn for Q4.The tech giant said in October that it expected better conditions for the memory market in 2024
The South Korean firm is expected to release its final earnings report for 2023 at the end of this month
Bitcoin surpasses $47,000, first time since March 30, 2022
Abu Dhabi, UAE - Bitcoin surged above $47,000 on January 9, marking its highest value since March 30, 2022, as...Bitcoin, originating in 2008 under the pseudonym Satoshi Nakamoto, operates as a decentralized digital currency
The robust trading volumes in Bitcoin mining firms signal a heightened investor interest, underlining the increasing prominence of cryptocurrencies
