EU to probe use of personal data by X’s AI chatbot
Ireland's data protection watchdog, acting on behalf of the European Union, launched an inquiry Friday into the use of personal...
Business
OpenAI files counterclaims against Musk as feud deepens
San Francisco, United States -- Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder...
Business
Business
Sharjah records 68% increase in female entrepreneurs: Business Council director
Sharjah, UAE--- Sharjah has witnessed a 68 percent increase in female entrepreneurs recently and as the market grows and expands,...
- More than 50 percent of the UAE’s museums were located in the emirate and that tourism made up over 12 percent of the GDP.
- About 90 percent of the AED700 million real estate investments in the emirate last month were made by foreigners.
Business
Firms cautious as phishing bids may rise in GCC
Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP...
- Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP for Middle East and Africa Jonathan Mepsted
- With a solid cyber defense, businesses are less likely to be hindered from expanding their operations such as entering new markets or expanding through mergers and acquisitions
Arts & Culture
DEWA wins top award by UK based institute
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) won the Best Creative Electricity and Water Solutions Brand by Global...
- Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed his happiness with the award
- DEWA received many accolades in excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.
Business
Germany cuts the ribbon on first LNG terminal
Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal...
- LNG terminals allow for the import by sea of natural gas which has been chilled and turned into a liquid to make it easier to transport.
- Until now, Germany had no LNG terminals and relied on cheap gas delivered through pipelines from Russia for 55 percent of its supply.
Geostrategy
UAE participates in First Framework Working Group meeting within G20 Finance Track
BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which...
- Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023.
- The meeting was also attended by G20 members, invited countries and representatives from international organizations.
Business
Elon Musk to restore suspended Twitter accounts of journalists
Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists that were suspended after he accused...
- Musk carried out a Twitter poll asking whether he should restore the suspended accounts now or in a week's time
- The latest controversy began when Musk on Wednesday suspended @elonjet, an account that tracked flights of his private jet
Business
UAE, Saudi equities rebound, record gains
Saudi and the UAE equities beat sluggishness of the past few weeks, recording gains across many sectors, with Abu Dhabi...
- The decline in oil prices in the previous trading session impacted the Saudi Stock Exchange index, which finished Sunday (December 11, 2022) down 1.1 percent at 10,138.3 points
- Abu Dhabi's index rose by 1.6 percent on Friday (December 16, 2022), marking its most significant percentage increase since late October
Economy
Britain, Dubai to deepen data partnership
There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers.
- There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers
- DIFC is the first financial centre in the MEASA region to engage with the UK Government on an adequacy assessment
Business
FIFA to hold 32-team Club World Cup from 2025
Despite robust opposition from Europe's biggest clubs, FIFA chief Gianni Infantino has announced plans for a 32-team Club World Cup...
- Infantino said the new-look tournament would be even bigger than first planned.
- He said next year's Club World Cup, in its current format, would take place in Morocco from February 1 to 11, 2023
Business
Sharjah realty market gains, records deals worth $735 million in Nov
Sharjah, UAE-- A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah...
- A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah during November, compared to AED 1.9 billion in October.
- The report revealed that real estate market sales covered a total area of 13.3 million square feet, distributed over 99 locations.
EU to probe use of personal data by X’s AI chatbot
Ireland's data protection watchdog, acting on behalf of the European Union, launched an inquiry Friday into the use of personal...
Business
Company News
HSBC Q3 profit up
Business
Latest News
Arab Bank posts net profit
Business
Elm net profit up 43%
Business
2023: A year of technological triumphs in the GCC
This year, the GCC region has solidified its technological leadership, with AI, blockchain, and the metaverse leading the charge in...
Economy
10m people attend Riyadh Season 2023 events in first 50 days, says report
RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...
Arts & Culture
Twitter breached contract on bonuses payment, rules US court
SAN FRANCISCO, US - A US federal court ruled that social media company Twitter, now branded X, violated contracts by failing...
Business
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Business
Qatar’s customs and tax departments link up e-services to ‘facilitate’ business
Doha, Qatar--The General Authority of Customs and the General Tax Authority have announced the launch of the interconnection between their...
- The launch of interconnection is expected to achieve automation and integration of procedures, with the aim of providing the best services to taxpayers
- The chairman of customs said that the e-connection between customs and tax services is part of Qatar's vision to leverage technology and provide advanced and effective services
Economy
Qatar expects a decrease in inflation next year
Doha, Qatar-- Inflation in Qatar is expected to fall in 2024, according to Ali bin Ahmed Al Kuwari, the Minister...
- The Qatari finance minister said the high inflation in Qatar during 2023 was linked to high food prices, and it was a temporary phenomenon
- The minister said the total expenditure in the 2024 budget will be US$55.1 billion, a one percent compared to the current year's budget
Business
UAE, Mauritius conclude CEPA talks, set to boost trade
The CEPA will cover trade in goods and services, investment facilitation amongst others. Once implemented, it will accelerate robust growth...
- Mauritius posted an 8.5 percent GDP growth in 2022 — the fastest in 35 years
- The deal is also expected to drive FDI into fintech, healthcare and tourism sectors