GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
Business
Zero trust remains an ongoing cybersecurity evolution
Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...
Opinion
Morocco to acquire two Italian multipurpose frigates
The vessels Morocco is interested in are European multi-purpose frigates, better known as FREMM, an acronym derived from their French-language...
Dubai dermatology meet sees business deals worth $156.4 million
Dubai Derma Executive Chairman Dr Abdul Salam Al Madani said this year's event records 15% rise in deals over the...
World’s deepest swimming pool opens in Dubai
The Guinness World Records-certified world’s deepest swimming pool, located in Deep Dive Dubai, has been opened but it will be...
DP World makes offer to buy all outstanding shares of Imperial Logistics
DP World expects the deal to build supply chains especially in Africa Imperial Logistics has operations in 25 countries Dubai-based...
Aramco to continue sales of assets in next few years: report
Aramco official says sales to continue irrespective of market conditions The company calls sales a strategy meant to create value...
Container ship blast rocks Dubai port, no casualty
An AFP correspondent at the scene said there was a helicopter circling overhead as smoke rose from the tightly secured...
Emirates Auction to assist on-road broken-down vehicles
Dubai Police and the auctions firm have signed an MoU Emirates Auction will deploy a fleet of vehicles equipped with...
Dubai gets first commercial shipment of cherries from Kashmir
In future, Dubai and the other middle east countries will receive temperate fruits like plums, pears, apricot, and apples from...
Pakistan imports goods worth $10.6 b from four GCC countries
Imports from UAE $6.2 billion compared to $5.9 billion last year The highest increase in imports recorded from Saudi Arabia...
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...
GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
Business
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Governments should provide incentives for green finance, says Dubai Chambers’ webinar
DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in...
Business
Saudi Arabia tops MENA region in venture capital investment during H1 2023
Riyadh, Saudi Arabia - Saudi Arabia is the top-ranked country in the MENA region in terms of Venture Capital funding...
Economy
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Business
Dar Al Arkan issues sukuk of $600m
issuance is the ninth tranche Sukuk program in US dollars.
- The maturity period is of five years at a profit rate of 8 percent annually.
- The issuance order book reached US$1.64 billion (SAR 6.15 billion).
Economy
Bahrain records 2% jump in GDP on back of expansion in Q1 in non-oil sector
Manama, Bahrain--Bahrain has recorded a two percent rise in gross domestic product in the first quarter of 2023, driven by...
- The country's economic recovery plan aims to boost growth, attract investments and create job opportunities
- Its real estate, hotels, restaurants and trade all grew between 4.2 percent and 5.3 percent during the quarter
Meta challenges OpenAI and Google with open-source Llama
The new, more powerful version of Meta's model, called Llama 2, would be available to any business for download or...
- Meta has avoided releasing generative AI products straight to the consumer, and instead developed Llama, a language model specifically developed for researchers
- Crucially, Llama is open-source, meaning that its inner workings are available to all to be tinkered with and modified, unlike the headline-grabbing AIs developed by OpenAI