Meta to start using Europeans’ data for AI training May 27
Paris, France -- Meta will start using public posts and comments by its European users to train generative artificial intelligence...
Business
Travel and tourism sector contributes 11.4 percent to Gulf’s GDP
Muscat, Oman --Â Travel and tourism sector's contribution to the Gulf's GDP by the end of 2024 reached approximately 11.4 percent,...
Business
DMZ, Sheraa sign deal to support 15 startups from Sharjah
Sheraa’s startup community will now have access to the DMZ’s on-demand learning platform called ‘Launchpad’.
- Sheraa’s startup community will now have access to the DMZ’s on-demand learning platform called ‘Launchpad’.
- The platform is designed to support aspiring and early-stage entrepreneurs in developing foundational business skills.
Business
China allows 44 foreign video games for first time since crackdown
Beijing moved against the country's vibrant gaming sector last August as part of a sprawling crackdown on big tech companies.
- Beijing moved against the country's vibrant gaming sector last August as part of a sprawling crackdown on big tech companies.
- China's gaming regulator, the National Press and Publication Administration, on Wednesday said it had approved 44 new imported games in December.
Business
CBUAE issues commemorative coins on anniversaries of Abu Dhabi ports
Abu Dhabi, UAE-- The Central Bank of the UAE (CBUAE), in cooperation with Abu Dhabi Ports, issued 1,000 commemorative silver...
- The coins highlights the successes achieved by the ports of Abu Dhabi and their role in the emirate’s maritime sector in the past decades.
- Each coin weighs 60 grams. The front side includes a drawing of the Abu Dhabi Ports Group logo with the name "Central Bank of the UAE" written in both Arabic and English languages.
Business
AD Ports, KMTF sign pacts
They will launch a joint venture to provide services for energy companies.
- AD Ports, which will own 51 percent, and KMTF, which owns 49 percent, also signed an agreement to pool tanker resources.
- The two companies also signed a seven-year vessel pooling agreement, which includes the provision of several tankers for the transportation of crude oil internationally.
Business
Oman LNG inks three agreements with Japanese firms
The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years.
- The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years
- Such a step comes as a significant milestone for Oman LNG, as it complements the company's effort to renew its contracts with Japan
Economy
Oil prices show no volatility as Russia unveils export ban
New York, US--Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by...
- The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia's revenue
- Russia has said the cap will not affect its military campaign in Ukraine and expressed confidence it would find new buyers
Business
5.4 billion World Cup viewers watch beIN MEDIA GROUP’s coverage
The final match, that saw Argentina claiming their second World Cup trophy after beating France 4-2 on penalties, recorded 242.8...
- The final match, that saw Argentina claiming their second World Cup trophy recorded 242.8 million views on beIN SPORTS free-to-air channel
- The final of the FIFA World Cup Qatar 2022 attracted 88 million more viewers on beIN SPORTS than the final of FIFA World Cup Russia 2018
Business
Response Plus declares dividend
It will pay an interim dividend of $12.79m to shareholders.
- The shareholders registered in the company’s book on the 5th of January 2023 will receive 0.25 fils per share
- The Board of Director's decision comes as a result of the recent amendments made to the Articles of Association of Response Plus
Business
Online identity remains key concern as Middle East and Africa rank third in digital trust, data security
Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while...
- Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailed in the region
- Govts must refine laws for mobile apps as most online transactions happen through them since buyers find it more convenient to look for products and services through phones
Business
15 MoUs in several sectors signed at Saudi-Japan Investment Forum
Riyadh, Saudi Arabia - As many as 15 memorandums of understanding were signed between Saudi Arabia and Japan in several...
- The forum highlighted the investment opportunities to strengthen the investment partnership between the two countries in light of Saudi-Japan Vision 2030.
- It also reviewed opportunities to expand the investment partnership between the two countries in a number of the strategic sectors.
Meta to start using Europeans’ data for AI training May 27
Paris, France -- Meta will start using public posts and comments by its European users to train generative artificial intelligence...
Business
Company News
e& net profit up 20% in Q3
Business
Latest News
Dubai’s family businesses get practical guidance with new toolkits
Dubai, UAE -- Three toolkits have been developed for family-owned businesses, which make up approximately 90 percent of the UAE’s...
Business
TDRA inks pact with PCFC’s Dubai Maritime Authority
DUBAI, UAE - The Telecommunications and Digital Government Regulatory Authority (TDRA) has signed a Memorandum of Understanding (MoU) with the...
Business
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Business
Aramco, Intel to set up Saudi Arabia’s first open RAN center
Riyadh, Saudi Arabia -- Aramco Digital Co. and Intel have unveiled plans to establish Saudi Arabia’s first open radio access...
- The Open Wireless Access Network Development Center is scheduled to start operations in 2024, marking a milestone in the Kingdom's journey towards a technology-driven future.
- Aramco Digital is a technology subsidiary of energy giant Saudi Aramco that aims to drive digital transformation and technological innovation across industries.
Saudi Chemical Co announces dividend
The company will distribute $11,385,120 to its shareholders.
- Shareholders possessing a portion of the 843,200,000 shares eligible for dividends will benefit from this payout
- Each share is set to receive a dividend of 0.05 SAR, which represents a 5% dividend relative to the share par value
Toyota’s Daihatsu suspends all domestic production
The company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under...
- The firm, which has about 9,000 factory workers in Japan, closed the last of its four domestic plants, a Daihatsu spokesman told on Tuesday
- The move could affect more than 8,000 companies across the country, according to a private research firm