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...
Business
Top Saudi Arabian companies pay stable to higher dividends in 2021
Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began...
- Energy giant Aramco, with over SR7 trillion in market value, paid each shareholder SR1.05 per share for the first nine months of 2021, nearly the same as in 2020.
- The eighth biggest listed firm in the Kingdom, SABIC Agri-Nutrients, yielded 2.5 percent on a stock price of SR172, and offered its highest dividend policy since 2015 this year.
Business
CES prepares to draw tech crowd despite Covid-19 surge
Multiple companies — including Amazon, BMW, and Microsoft — reduced or canceled their attendance as Covid-19 case numbers broke records,...
- The 2022 show was meant to be the triumphant return of an event that hosted some 170,000 people and more than 4,500 exhibitors
- Last year's event was online-only, with organizers saying it was ‘not possible to safely convene tens of thousands of people in Las Vegas’
Business
Alpha Dhabi Holding raises stake in Aldar Properties to 30%
Alpha Dhabi Holding (ADH) has announced the acquisition of an additional 17 percent shareholding of Aldar Properties. The acquisition will...
- The acquisition is in line with Alpha Dhabi Holding's recently announced expansion plan and future strategy
- Early this year, Alpha Dhabi Holding acquired a 12.8 percent strategic stake in Aldar Properties
Analysis
Factors that may impact oil’s demand-fueled recovery
At the global scale, 56.5 percent of oil reserves and 26.7 percent of natural gas reserves are owned by Arab...
- The financial crisis of the Arab countries will not ease unless oil prices, which will remain above $80 per barrel until 2025-end, come down
- Oil prices climbed by about $28.2 per barrel from January until October 2021, showing 51.2 percent increase over the 10 months
Business
Tesla delivers 1m cars
The increase is 87% over the previous year.
- Tesla announced last January that it was aiming to increase deliveries by 50% per year over several years
- Tesla has managed to overcome global logistics issues that have plagued the auto industry
Business
Jordan defers Covid-19-hit restaurants’ repayments till mid-2022
Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document...
- Issam Fakhreddin, the head of Jordan Restaurants Association called on tourist restaurants to submit a written request and a document of inability to repay.
- He also commended the government’s financial assistance packages, which had mitigated the Covid-19 pandemic-conduced repercussions on Jordan's restaurant sector
Business
Huawei revenues down 29%
Huawei is the world's biggest supplier of telecoms network gear.
- Huawei revenues went 29 percent down this year as US has barred Huawei from acquiring crucial components such as microchips
- Chief financial officer Meng Wanzhou, the daughter of Huawei founder released this year after spending three years under US extradition warrant house arrest in Canada
Business
Suez Canal revenues hit all-time high of $6.3bn in 2021
The revenues rose by $720 million, or 12.8 percent, in 2021 compared to 2020 when they were $5.6 billion.
- A total of 20,649 vessels flowed through the canal last year, an increase of 10 percent compared to 18,830 vessels in 2020
- The total net load through the canal in 2021 was 1.27 billion tons, against 1.17 billion tons in 2020: a difference of 8.5 percent
Analysis
GCC countries competing to lead the world in AI
Several countries in the region have already formed AI policies to support their national goals after this technology demonstrated its...
- The Middle East AI market is growing at a rate of 20-34 percent per year, according to a PwC report
- Saudi Arabia is lavishing $500 billion on the NEOM’s project, which will offer ultra-connectivity, and is trialing air-taxis
Business
AT&T, Verizon defy 5G block
The US had asked them to delay 5G rollout by 2 weeks.
- The US introduction of the high-speed mobile broadband technology had been set for December 5
- It was delayed to January 5 after concerns were raised that the new system might interfere with alitmeters
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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...
Company News
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UAE takes part in G20 joint health-finance ministers meeting
GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
Geostrategy
Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy
ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...
Geostrategy
Oil prices inch up 1% on signs of slow US output, posts first loss in 8 weeks
Dubai, UAE--Oil prices jumped about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended...
Economy
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Business
Brazil star Neymar arrives in Saudi Arabia ahead of unveiling ceremony
Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list...
- The football star who arrived in Riyadh with extra security will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain
- Neymar follows Cristiano Ronaldo, Karim Benzema and Sadio Mane in swapping Europe for the Saudi Pro League, which has a hit-list of high-profile targets
Business
Dubai records $2.83bn billion in weekly real estate transactions
Dubai, UAE -- Real estate transactions valued at more than AED 10.4 billion ($2.83 billion) were recorded in Dubai during...
- Of the total 3,571 transactions,120 plots were that sold for AED1.2 billion and 2,782 apartments and villas were that went for AED6.86 billion.
- A total of 109 properties were granted between first-degree relatives worth AED438 million.
Business
India cricket board earns nearly $300 million from 2022 IPL
New Delhi, India -- India's cricket board banked nearly $300 million from last year's iteration of its Indian Premier League,...
- The Board of Control for Cricket in India (BCCI) is one of the richest governing bodies in global sport, owing largely to the runaway success of the flagship Twenty20 tournament.
- The IPL has made millionaires of its top players and generated billions from media rights since its inception in 2008.