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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

TikTok makes AI driven ad tool available globally

San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...
  • The news came with word that Getty Images will make its stockpile of pictures and video available to TikTok's AI‑powered video generation tool called Symphony Creative Studio
  • Brands will be able to use Getty's licensed images and videos to create AI-generated ads, including marketing messages featuring characters resembling real people

Data Integrity: The foundation of true data freedom

Ensuring data integrity has become more challenging, leaving organizations at risk of data loss and corruption. during migration
  • Organizations must liken preparing for migration to how pilots train to resolve the unexpected
  • Data freedom is about ensuring data remains accurate, secure, and usable during migrations

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...
  • Fed policymakers are expected to focus instead on the health of the US economy
  • Their favored inflation gauge eased to 2.1 percent in the 12 months to September

AI-Driven technologies drive operational excellence, helping meet sustainability goals

Industrial AI and digital technologies are revolutionizing energy infrastructure, helping companies across asset-intensive sectors achieve operational excellence
  • The rising costs of conventional energy provide a strong argument for investing in energy efficiency
  • Carbon capture is a definitive decarbonization solution, although requiring substantial capital and energy to operate

Altegio in UAE market to local boost digital transformation

Unlike other automation platforms that redirect customers to third-party websites, Altegio keeps booking processes within the client’s own ecosystem.
  • Altegio’s platform offers over 30 specialized tools that streamline operations across marketing, sales, finance, and team management
  • Founded in 2022 by a group of international entrepreneurs, Altegio has rapidly grown to serve over 10,000 businesses across 89 countries

Global VC investment falls to lowest level in nearly seven years

 Global VC investment fell from a five-quarter high of US$95.5 billion in Q2'24 to a nearly seven-year low of US$70.1...
  • Global VC investment drops from US$95.5 billion to US$70.1 billion quarter-over-quarter
  • AI accounts for six of ten largest VC deals globally in Q3'24

Troubled Boeing faces investors and awaits strike vote

Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...
  • Analysts estimate a loss of US$6.1 billion, its biggest since the fourth quarter of 2020
  • On October 15, Boeing announced it plans to raise up to US$25 billion to navigate the period

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...
  • AI agents are specialized programs designed to perform routine tasks autonomously, such as sifting through sales leads or handling customer service inquiries
  • The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing

Netflix adds millions of subscribers but growth slows

San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter...
  • The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion
  • Netflix shares rose nearly five percent to $720.75 in after-market trades, trading at slightly more than double the price from a year earlier

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.
  • The aviation giant must "reset our workforce levels to align with our financial reality," Chief Executive Kelly Ortberg said
  • The company announced a series of belt-tightening measures and production delays in the wake of the nearly monthlong strike of 33,000 workers

Software solutions that minimize cost overruns, delays in construction  

Project management software solutions have emerged as essential tools to streamline construction operations, enhance efficiency, and improve project delivery. They...

Latest News

Musk kicks Kanye West off Twitter for ‘incitement to violence’ 

West has made a series of anti-Semitic comments recently, as the one-time titan of fashion and music appears to have...

Oman sees hospitality industry revenue fall 3.5%

The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.

Proof of Covid-19 vaccination, PCR test needed to enter Expo Dubai

Expo 2020 visitors will need a coronavirus vaccination or a negative PCR test to enter, organisers in Dubai has said....

Cyberattack hits hundreds of US businesses

A US IT company urges customers to shut down their servers after the attack UN Security Council members recently warned...

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...

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...

AI-Driven technologies drive operational excellence, helping meet sustainability goals

Industrial AI and digital technologies are revolutionizing energy infrastructure, helping companies across asset-intensive sectors achieve operational excellence

Altegio in UAE market to local boost digital transformation

Unlike other automation platforms that redirect customers to third-party websites, Altegio keeps booking processes within the client’s own ecosystem.

Most Read

Troubled Boeing faces investors and awaits strike vote

Boeing, the beleaguered aviation giant announces what is expected to be its biggest quarterly loss in four years, and striking...
  • Analysts estimate a loss of US$6.1 billion, its biggest since the fourth quarter of 2020
  • On October 15, Boeing announced it plans to raise up to US$25 billion to navigate the period

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...
  • AI agents are specialized programs designed to perform routine tasks autonomously, such as sifting through sales leads or handling customer service inquiries
  • The AI agent has become the newest buzzword for major software companies that are investing billions in powerful AI models, which they believe will shape the future of computing

Netflix adds millions of subscribers but growth slows

San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter...
  • The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion
  • Netflix shares rose nearly five percent to $720.75 in after-market trades, trading at slightly more than double the price from a year earlier