Gemini’s inaccurate AI racial images warn of tech titans’ power
AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...
Science
UAE’s working mothers get extended maternity leave
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...
Business
Business
Participants from 42 countries to attend Abu Dhabi Date Palm Conference
The 7th International Date Palm Conference will be held at Emirates Palace Hotel, in Abu Dhabi, from 14th to 16th...
- Minister of Tolerance and Co-existence Sheikh Nahyan said that this year's conference is significant by all standards.
- 475 international researchers and experts will participate in the conference being held from 14-16 March.
Business
UAE and France aim to team up to meet energy challenges
The UAE and France held discussions on energy challenges and opportunities for collaboration in order to maximize energy system efficiency...
- The discussion took place between Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, and Xavier Chattel, Ambassador of France
- Al Marar and Chattel underlined the importance of leveraging partnerships, Research & Development, and policymaking capabilities
Economy
Saudi sukuk issuance in 2021 reaches $36.9 billion: S&P Ratings
Saudi companies and government raised $36.9 billion sukuk in 2021, compared to $27 billion in 2020, an increase of 37...
- In 2021, the global sukuk issuance reached $147.4 billion compared with $148.4 billion in 2020.
- Foreign-currency denominated sukuk issuance increased by 10 percent; jumbo issuances in Saudi have contributed to this increase.
Business
Protests erupt in Lebanon against harsh economic policies
A group of engineers in Lebanon held a sit-in protest outside the Central Bank branch in Sidon, in conjunction with...
- The headline of the protest was, “Until rights are restored” & “For the right to hospitalization and a decent retirement
- They deemed that “the banks are seizing the funds and savings of engineers and depositors in general, and imposing controls
Business
Fitness Time posts $54.9m net profit
The operator of the largest Saudi gym chain also sees growth in revenues.
- This was buoyed by a growth in revenues of SR223 million, a SR9.75 million decrease in the cost of revenue, and a fall in other costs by SR32.3 million
- The income from personal training was up SR20.5 million and rental income surged due to new rental contracts during the year.
Business
UN lauds ‘constructive’ talks in Yemen on rusting oil tanker
The UN's humanitarian coordinator for war-torn Yemen said he held constructive talks with government officials and Houthi rebels over dealing...
- Experts warn of the risk of a major environmental disaster posed by the 45-year-old FSO Safer, which lacks both power and a functioning fire fighting system
- "The risk of imminent catastrophe is very real," stressed the UN's David Gressly in a statement
Business
Saudi sovereign wealth fund PIF has $1.2 bn stakes in two Japan gaming firms
RIYADH: Saudi Arabia’s biggest sovereign wealth fund, Public Investment Fund, has stakes of more than 5 percent in two Japan-listed...
- The PIF has stake of more than 5 percent in Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon Co.
- PIF’s stake in Capcom is worth about $332 million based on Friday’s share price, according to Bloomberg.
Business
Saudi Arabia’s Nomu to see two listings
Gas Arabian Services and Obeikan Glass will make debut on the parallel market.
- Gas Arabian Services, having been run by the family for 30 years, aims to spend an average of 2 years on Nomu before moving to the main market
- Riyadh-based Obeikan Glass was founded in 2007 and specializes in glass manufacturing and retail
Business
3,000 new rooms added to Egypt’s total hotel capacity, says tourism ministry
Egypt has added 3,000 new hotel rooms to its total hotel capacity with the opening of 19 new hotel facilities,...
- Construction of 19 new hotel facilities in several governorates has led to the creation of these rooms.
- According to tourism ministry officials, the new facilities have created 2,500 job opportunities.
Geostrategy
Iran wants better relation with neighbors, says official
Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework...
- President Ebrahim Raisi has time and again emphasized the development of mutual ties with neighboring countries, said the official
- The country's Ministry of Foreign Affairs has put on agenda several programs regarding its neighbors nations
Gemini’s inaccurate AI racial images warn of tech titans’ power
AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...
Science
Company News
Latest News
Sipchem to pay 12.5% H1 dividend
Business
Saudi Venture Capital invests $5m in VentureSouq fintech fund
Riyadh, Saudi Arabia - Saudi Venture Capital (SVC) has made a $5 million investment in a fintech fund managed by...
Business
Qatari-Chinese Business Forum discusses ways to boost trade ties
Doha, Qatar--The Qatari-Chinese Business Forum kicked off with the participation of over 70 local companies and nearly 60 Chinese companies...
Economy
GCC real estate transactions surge on demand increase
GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the...
Business
Most Read
Business
Saudi EXIM, India EXIM ink MoU
Pact was signed on the sidelines of G20 Summit in New Delhi.
- The primary objective of this agreement is to facilitate the export of products and services between Saudi Arabia and India.
- The key areas of cooperation encompass exporting products and services, the exchange of information and expertise.
Business
ADNOC L&S boosts barge fleet
With the latest acquisition, the firm now owns 39 JUBs.
- This expansion comes when JUB charter rates are robust due to the high demand for offshore services.
- One of the JUBs will serve the Iraqi market, marking ADNOC L&S’ entry into a new market and supporting the firm’s regional expansion.
Business
Vietnam Airlines, Boeing ink $7.8bn pact
The deal is likely to support more than 30,000 jobs in the US.
- Vietnam Airlines will purchase 50 of the 737 aircraft, Biden said during a roundtable with senior executives from top American and Vietnamese firms.
- The communist country's aviation sector has boomed in recent years thanks to a rapidly expanding middle class with growing appetites.