Qatar’s economic momentum accelerates as diversification gains global recognition
However, Qatar faces downside risks from a deeper global economic slowdown that could weaken energy demand and LNG prices amid...
Economy
G20 summit opens in South Africa without Trump
The Johannesburg gathering is being attended by a host of world leaders including French President Emmanuel Macron, Indian Prime Minister...
Geostrategy
Economy
US Fed will likely cut again despite economic murkiness from shutdown
The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
- Without these key insights into the US economy, Fed officials will be forced to set interest rates without the full spectrum of data they normally rely upon.
- The US central bank has a dual mandate from Congress to act independently to tackle both inflation and unemployment.
Economy
Iran declares major lender bankrupt
Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported...
- Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone
- But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion
Science
Gartner lists 2026’s defining tech: Faster AI, safer clouds, and smarter security
AI supercomputing platforms integrate CPUs, GPUs, AI ASICs, neuromorphic and alternative computing paradigms, enabling organizations to orchestrate complex workloads while...
- AI supercomputing platforms integrate CPUs, GPUs, AI ASICs, neuromorphic and alternative computing paradigms, enabling organizations to orchestrate complex workloads
- By 2028, Gartner predicts that over 40% of leading enterprises will have adopted hybrid computing paradigm architectures into critical business workflows, up from the current 8%
Economy
China vows massive high-tech sector development in next decade
Beijing, China -- China will develop its high-tech sector on a massive scale in the next decade, top officials vowed...
- The country has poured support and investment into developing its science and technology sectors, part of ongoing efforts to present itself as a world leader in those areas.
- Domestically, China has been beset by sluggish spending, a protracted property sector crisis and a demographic crunch as its population starts to decline.
Science
Anthropic announces massive AI chip deal with Google
San Francisco, United States - Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing...
- The arrangement will include Anthropic buying as many as one million Tensor Processing Units (TPUs), which are integrated circuits custom-designed by Google
- The expansion promises to let Anthropic bring more than a gigawatt of new computing power online by the end of 2026, enabling it to meet "exponentially growing demand."
Geostrategy
Oil prices surge as Trump hits Russian crude with sanctions
The international benchmark contract, Brent North Sea crude, jumped 4.8 percent while West Texas Intermediate was up 5.1 percent. Trump on Wednesday announced...
- The move was joined by another round of punishments by the European Union as part of attempts to pressure Moscow to end its three-and-a-half-year invasion of Ukraine.
- According to industry analysts the two companies account for just over half of Russia's oil output, and both also produce natural gas.
Science
Celebrities, AI giants urge end to quest for superintelligence capable of outsmarting humans
Signatories include the "Godfather of AI" and 2024 winner of the Nobel Prize in Physics Geoffrey Hinton; Computer Sciences Professor...
- Most major AI developers are striving for artificial general intelligence (AGI), a stage where AI would match all human intellectual capabilities, and even superintelligence
- Speaking at an event organised by the media group Axel Springer in September, OpenAI CEO Sam Altman said that superintelligence could be achieved within the next five years
Geostrategy
Norway’s wealth fund to enlist AI for managing climate risks
Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis...
- The fund's head of active ownership, Wilhelm Mohn, said AI along with its own analysis tools would allow it to "streamline processes and enhance decision-making".
- The fund urges the more than 8,600 companies it invests in worldwide to commit to net-zero carbon emissions by 2050.
Business
OpenAI unveils search browser in challenge to Google
San Francisco, United States - ChatGPT-maker OpenAI on Tuesday announced an "Atlas" search browser, leveraging its artificial intelligence prowess in...
- "This is an AI-powered web browser built around ChatGPT," OpenAI chief Sam Altman said in a streamed presentation
- OpenAI has ramped up its challenge to Google, which has responded by rapidly building more AI capabilities into search and across its platform
Economy
Gold falls again as rally comes to halt, Asian markets drop
Gold and silver tumbled for a second day Wednesday, bringing a rally in the precious metals to a juddering halt,...
- Bullion has seen an eye watering run-up since the turn of the year, helping it climb more than 60 percent and hitting multiple records
- The rally has been built on a range of issues including a weaker dollar, expectations of interest rate cuts, falling bond yields and central bank buying
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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
Qatar’s economic momentum accelerates as diversification gains global recognition
However, Qatar faces downside risks from a deeper global economic slowdown that could weaken energy demand and LNG prices amid...
Economy
Company News
Fake AI videos have a new generation loving 1980s life
Arts & Culture
Latest News
OpenAI signs $38 bn infrastructure deal with cloud giant AWS
Under the seven-year agreement, OpenAI, which is partly owned by AWS's archrival Microsoft, will gain access to computing resources including...
Business
OPEC+, including Saudi Arabia and Russia, agree further hike to their oil production
The 137,000-barrels-per-day hike will apply from December and remain at that level for the following three months, signifying a "pause"...
Economy
Social media fooled by AI video of ‘sky stadium’ for Saudi 2034 World Cup
Paris, France - An AI-generated video claiming to show one of the football stadiums for the 2034 FIFA World Cup...
Economy
Most Read
Economy
Steady and sensible, Oman builds its future brick by brick amid the Gulf’s glittering rush
With volatile geopolitics and the resulting uncertainty, the year 2025 has been challenging for most of the countries across the...
- With its resilience and steady march, Omani economy continues to smoothly navigate geo-economic volatility
- If one looks at the economic performance of Oman, there are several lessons to be learned – the foremost being slow and steady win the race
Economy
US Fed will likely cut again despite economic murkiness from shutdown
The central bank's second-to-last rate meeting of the year is taking place against the backdrop of a weeks-long standoff between...
- Without these key insights into the US economy, Fed officials will be forced to set interest rates without the full spectrum of data they normally rely upon.
- The US central bank has a dual mandate from Congress to act independently to tackle both inflation and unemployment.
Economy
Iran declares major lender bankrupt
Iran declared one of the country's largest private banks bankrupt with its assets absorbed by the state, official media reported...
- Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone
- But it had more recently been crippled by debt, with accumulated losses amounting to the equivalent of about $5.2 billion