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NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Kamco Invest launches two funds

Kamco's assets under management surpass SAR 1bn.

SHUAA okays MCB tranches

The two tranches will be converted into equity at the earliest opportunity.

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

Step into the future of sustainable smart city development

Pavegen, a global kinetic energy company, unveiled its innovative “Solar+” tile in Dubai. This tile harnesses the power of movement,...
  • Pavegen tiles have harnessed the power of over 1 billion footsteps in smart cities
  • The company aims to bring the price down to sub US$1,000 per sqm in the future

UAE firms accelerate AI transformation, new report finds

The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for...
  • The AI Maturity Index shows that more than 80 percent of enterprises have a shared vision for AI within their organizations
  • Only 15 percent have reached a 'transformative' level of AI maturity

Samsung reshuffles leadership amid challenge in AI chips

Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...
  • On Wednesday it tapped vice-chairman Jun Young-hyun to lead its memory business and appointed Han Jin-man as the new boss of the chip foundry division
  • The reshuffle aims to "strengthen the company's growth and future competitiveness, focusing on the semiconductor business", Samsung said in a statement

Boeing CEO says company can’t afford another mistake: report

Boeing CEO Ortberg told workers a trade war with China would weigh heavily on Boeing. The meeting came about two...
  • New CEO Kelly Ortberg said a trade war with China would weigh heavily on Boeing
  • On October 12, Boeing unveiled plans to reduce its global workforce by 10 percent

Iraq holds its first census in nearly 40 years

The Iraqi census is scheduled for Wednesday and Thursday, and will provide sorely needed up-to-date demographic data for the country...
  • A count conducted in 1997 excluded the three northern provinces that make up the autonomous Kurdistan region
  • Demographics are likely to have shifted with the exile of hundreds of thousands

Xi, Biden in Peru for APEC summit, pre-Trump face-to-face

uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...
  • President Vladimir Putin of APEC member Russia will not be present
  • Trump has threatened tariffs of up to 60 percent on imports of Chinese goods

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

Honda and Nissan expected to begin merger talks

Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...

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...

Samsung reshuffles leadership amid challenge in AI chips

Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...

Boeing CEO says company can’t afford another mistake: report

Boeing CEO Ortberg told workers a trade war with China would weigh heavily on Boeing. The meeting came about two...

Iraq holds its first census in nearly 40 years

The Iraqi census is scheduled for Wednesday and Thursday, and will provide sorely needed up-to-date demographic data for the country...

Most Read

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