AI game gains popularity during Chinese New Year festivities
SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...
Arts & Culture
Business
NMC gross revenue in Q3 up
The number of patient encounters was 6.7m, compared to 3.7m in 2020.
- NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.
- The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.
Business
Dubai Economy, Golden Radiant help DED licensed traders to widen reach
Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...
- Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.
- The app is designed to help them handle in-store and online sales seamlessly from their smartphone.
Geostrategy
Lebanon invites Saudis for talks as diplomatic row deepens
Lebanon on Monday called for talks with Saudi Arabia to ease a spiraling diplomatic row sparked by remarks made by...
- "Lebanon invites Saudi Arabia to engage in dialogue to solve all outstanding problems and not just the latest spat, so that the same crisis is not repeated every time"
- On Friday, Saudi Arabia gave Lebanon's ambassador 48 hours to leave the country, recalled its envoy from Beirut
Business
BNET handpicks new CEO
Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member...
- Mr. Ahmed Aldoseri held several notable positions in the past including Acting Director General of Information Security and Radio communications
- Prior to his current position, he provided consultancy services to the Kingdom of Bahrain’s Government on Cybersecurity matters
Business
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...
- Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
- The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE
Business
Saudi firms refinance SAR10bn real estate agreement
Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with...
- The agreement aims to increase the liquidity in the home financing market in the Kingdom, reduce the cost of home financing for Saudi families
- The agreement also supports REDF in enhancing its financial stability
Business
Middle East’s first lithium production facility to come up at KIZAD
The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...
- The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
- Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.
Business
Emirates set for Boeing talks: CEO
The talks will be held over the delayed 777Xs 'before and during' Dubai Air Show.
- The airline has repeatedly complained about the delivery of the long-haul jet, whose launch has been set back by a series of safety and technical problems.
- Emirates announced an order of 150 777Xs at the 2013 Dubai Air Show and later revised the deal.
Business
Abu Dhabi launches program to expand knowledge economy
In order to expand the emirate’s knowledge economy, a program designed by Yale University has been launched in Abu Dhabi...
- The program is being offered in the emirate by First Abu Dhabi Bank through a collaboration with Emirates Foundation and Icon Training & Coaching
- It aims to further build the skills of Emirati talent in the financial sector and build capacity
Business
Brazil’s InvestSP joins Global Logistics Passport initiative
InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and...
- Members of the Global Logistics Passport Initiative can expect an annual increase in trade of 5-10 percent
- As merchants benefit from more efficient commodity movements, new trade routes are expected to be opened
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
AI game gains popularity during Chinese New Year festivities
SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...
Arts & Culture
Company News
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Saudi capital market institutions post record 2022 net income
Riyadh, Saudi Arabia -- Capital market institutions authorized by Saudi Arabia's Capital Market Authority posted a record 29.8 percent increase...
Business
Burjeel Holdings H1 net profit $61m
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.
Business
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Business
ADNOC to acquire stake in Absheron field
TotalEnergies and SOCAR will hold 35% stake each in the field.
- Entering into a strategic partnership with SOCAR also elevates ADNOC’s long-standing partnership with TotalEnergies, who until now had held a 50% share alongside SOCAR in Absheron.
- The partnership will enable ADNOC to build a major footprint in a region with prolific natural resources and significant growth potential.
Amazon, Apple beat earnings forecasts
Apple views AI as integral to its growth.
- Profits for Apple's third fiscal quarter were $19.9 billion, up 2.3 percent from the year-ago period, revenues again declined, this time by 1.4 percent to $81.8 billion
- Bright spots for the tech giant included an "all-time high" in services revenue, comprised of the App store, Apple pay and Apple TV and other subscription services
Business
Estithmar H1 profit rises 3.7%
The Earnings per Share amounted to QR 0.059.
- The Earnings per Share stood at QAR 0.059, marking a slight decline from the EPS of QAR 0.065 for the corresponding period in 2022
- The company has a portfolio spanning 51 companies operating across five strategic sectors comprising healthcare, services, ventures, contracting, and industries