EU examines Microsoft large investment in OpenAI
Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a...Business Tech & Media
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...Business Aviation
Workshop kicks off at MIT under Monshaat supervision
The first workshop of the Regional Entrepreneurship Acceleration Program kicked off today at the Massachusetts Institute of Technology (MIT), under...A team representing different sectors interested in developing an innovative entrepreneurship ecosystem in the Eastern Province is participating in the workshop
The workshop aims to assess and analyze the ecosystem in the Eastern Province using available data and statistics
PIF of Saudi Arabia looks to invest in China
Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings...The PIF has applied for a Qualified Foreign Institutional Investor license in China, to be able to directly trade renminbi-denominated stocks
The $450 billion sovereign fund, which hasn’t disclosed any investments in China, has ambitions to control $2 trillion of assets
Dubai to merge economy and tourism departments
Dubai intends to merge the departments of economy and tourism in order to attract some 25 million tourists by 2025...The new entity will be asked to increase the added value of the industrial sector
Al Marri has been Director General of the Dubai Department of Tourism and Commerce Marketing (DTCM) since 2013
Dubai sets up two new courts for securities disputes
Dubai Courts has established two new courts in the Commercial Court in order to speed up settlement of securities-related disputes....The new entities were created as per the directives of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai
The new courts will focus on dispute resolution in securities, shares, bonds, and other such financial instruments
Cut meat consumption to avert climate catastrophe: Report
Fossil fuels, energy and transport tend to dominate climate discussions. Governments largely ignore livestock’s contribution to climate change, terrified of...Fossil fuels, energy and transport tend to dominate climate discussions
The livestock sector is responsible for 14.5% of global greenhouse gas (GHG) emissions
GCC works from home with digitalization
The Covid-19 pandemic has been the primary driver of businesses and governments embracing remote-work opportunities.Some Arab governments have been significantly more proactive than others, especially in the GCC region
Only 16 percent of workers in the Middle East and North Africa believe that workplaces will revert to pre-epidemic levels
French hotel industry on its knees: Accor CEO
Sebastien Bazin, head of the world's sixth-largest hotel group, said on French radio station RMC that Accor currently lacks at...Sebastien Bazin, head of the world's sixth-largest hotel group, said on French radio station RMC that Accor currently lacks at least 2,000 employees in France
The hospitality industry in numerous countries has complained of difficulty rehiring staff and some employers are trying to lure workers with higher wages
Al Sadd releases Xavi
The Spanish legend may now return to Barcelona.Xavi has so far led Al Sadd to the 20-2021 QNB Starts League title, and the 2020 and 2021 HH the Amir Cup titles
He has also coached the team to win the 2020-2021 Qatar Cup title, and the 2019 Qatar Super Cup
Infath of Saudi Arabia logs $159.9m sales in October
Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever amount in October thanks to sales...The organization has now raised more than $533 million since it started operations in September 2020
Infath is planning to supervise 3 additional auctions during the first half of November 2021
Saudi economic growth in Q3 5.7 percent likely: Capital Economics
Compared to the growth of only 0.7 percent in the second quarter of this year, Saudi Arabia's economy is likely...Capital Economics says increases in oil production, along with a loosened fiscal policy, will only boost recovery further.
In mid-October, the World Bank revised Saudi Arabia’s 2022 growth forecast from 3.3 percent to 4.9 percent.
