OpenAI valued at $80bn in new deal
With this deal, the value of the firm has tripled in 10 months.
Business
Tech giants sign pact against AI-made political deepfakes
Under the agreement, AI-generated content could be given a watermark or tagged in the metadata at source, although the signatories...
Iraqi restaurateurs pay bribes to dodge virus curfew
Lockdown forces restaurant, cafe owners to sack a quarter of their employees Corruption in Iraq has eaten up more than...
Travelport agencies won’t have to pay Emirates’ GDS surcharge
Emirates NDC content will be distributed via Travelport+ platform GDS booking surcharge ranges between $14 and $25Â Travel agencies connected...
UAE starts issuing work permits for Golden Residency holders
The Golden Residency program is a long-term residence visa the UAE started in 2019 for foreign nationals who want to...
Ethos Invest to raise $1.38 billion through a Shariah-compliant fund
The company will invest in the UK, Europe, the MENA region, South Asia, North America Sharia-compliant investment industry is available...
Qatar Investment Authority deals a blow to Credit Suisse, lowers stake
The QIA now hold a below five-percent stake in the Swiss bank Earlier it held about 133 million shares, making...
Maersk to build petrochemicals hub at King Abdullah Port
The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space...
WPP teams up with Tihama to form a Saudi media joint venture
WPP and Tihama join hands to form a new Saudi media joint venture WPP will have 70 percent stake in...
Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses...
Germany hopes return of pre-pandemic level Saudi tourist arrivals
Germany recorded 1.6 million overnight stays from the Gulf region in 2019 A campaign aims to inspire travelers to journey...
For poor Jordanians, debt trap is often a prison cell
Jordanians in financial trouble can't declare personal bankruptcy Non-payment of even small debts carries up to 90 days in jail...
OpenAI valued at $80bn in new deal
With this deal, the value of the firm has tripled in 10 months.
Business
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Stocks mixed, dollar firms on rate-hike fears
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Merck to buy Prometheus
Business
Sharjah nurturing publishing sector for five decades
“Sharjah has hosted the world’s largest book fair in terms of buying and selling of copyrights, developed pioneering business solutions...
Business
Sharjah records first half real estate deals worth $3.65 billion
The city of Sharjah accounted for the largest (3,794) share of the transactions.
Business
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Business
QatarEnergy 2022 net profit $42.46bn
QE is working to increase LNG production capacity by 64%.
- The company's bumper profits sprang from an increased demand for liquefied natural gas (LNG) spurred by Russia's invasion of Ukraine.
- Nearly 40 percent of all LNG in the international market will come from QatarEnergy by 2029
Business
Masdar City to have Middle East’s first high-speed hydrogen refueling station
Abu Dhabi, UAE -- Abu Dhabi National Oil Company (ADNOC) has commenced the construction of the Middle East's inaugural high-speed...
- The station, situated in Masdar City and spearheaded by ADNOC, will utilize an electrolyser powered by clean grid electricity to produce clean hydrogen from water.
- Upon completion later this year, ADNOC Distribution will assume operational responsibilities for the refueling station in Masdar City.
Markets drop as China growth worries offset Fed rate hopes
Regional traders extended Monday's retreat sparked by disappointing second-quarter data out of Beijing that missed forecasts badly and highlighted the...
- Hong Kong led losses Tuesday, shedding more than two percent following a five-day rally, as it reopened a day after being shut because of a severe storm
- Shanghai, Sydney, Seoul, Singapore, Manila, Jakarta, Wellington and Taipei also dropped, though Tokyo, Mumbai and Bangkok edged higher