ChatGPT to get parental controls after teen’s death
Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...
Geostrategy
Eight OPEC+ countries raise production by 547,000 bpd to regain market share
Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, along with the Saudis and Russians currently produce about 41-42 mbd.
Geostrategy
Economy
Qatar, Pakistan finance ministers discuss investment, economic cooperation
The two ministers to explore cooperation in the fields of science and technology, agriculture, and education.
- The two ministers to explore cooperation in the fields of science and technology, agriculture, and education
- Pakistani finance minister also extended invitation to Ali bin Ahmed Al Kuwari to visit Pakistan, a press statement issued at the end of the meeting said
Economy
Economic slowdown will force workers into worse jobs: UN
The ILO said deficits in decent work had been worsened by multiple, overlapping crises, including Russia's war in Ukraine, emerging...
- As prices rise faster than incomes, the cost-of-living crisis risks pushing more people into poverty, the UN's International Labor Organization said
- ILO called for an investment surge in education and training, saying two-thirds of global youth labor force was "without a basic set of skills", which limited their job prospect
Economy
Duty-free markets at air, sea and land ports set to create jobs, help industries, benefit Saudi economy
The move aims at supporting Kingdom's infrastructure development, boosting logistics and providing unique business environment in transport sector, air traffic...
- The move aims at supporting Kingdom's infrastructure development, strengthening logistics, and providing unique business environment in the transport sector, air traffic and ports
- Free markets will increase Saudi exports, reinforcing itss efforts to diversify economy beyond oil, including tourism and travel, that will ultimately benefit the country's economy
Business
25 pacts, MoUs inked on 1st day of Saudi Future Minerals Forum
The signing ceremony also witnessed the handing over of the two exploration licenses for Khnaiguiyah and Umm Al-Damar sites to...
- The signing ceremony also witnessed the handing over of the two exploration licenses for Khnaiguiyah and Umm Al-Damar sites to the companies that won their licenses
- The agreements included the areas of mineral exploration, technology, communications and application of sustainability standards
Business
84.6% growth in travel for Middle Eastern airlines in Nov: IATA
Globally, traffic is now at 75.3% of November 2019 levels, according to the report.
- Globally, traffic is now at 75.3% of November 2019 levels, according to the report
- Total traffic in November 2022 rose 41.3% compared to November 2021
Economy
Crisis-hit Egypt’s currency halved in value since March
Egypt's economy was hit hard after Russia's invasion of Ukraine last February unsettled global investors and led them to pull...
- The devaluation, representing a drop of around 50 percent against the dollar over the 10-month period, comes as the price of imported food and other goods soars
- The currency plunged to 31.95 pounds to the dollar in state banks on Wednesday, before settling at 29.7 in the afternoon, according to the central bank.
Economy
China’s new yuan loans rise in 2022
In December alone, new yuan loans stood at 1.4 trillion yuan, up 266.5 billion yuan year-on-year, according to the People's...
- In December alone, new yuan loans stood at 1.4 trillion yuan, up 266.5 billion yuan year-on-year, according to the People's Bank of China (PBOC)
- The M2 growth was 0.6 percentage points lower than that at the end of November but was 2.8 percentage points higher than the same period the year before
Business
Oil slips after unexpected build in US crude and fuel inventories
US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude...
- US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude futures were down 62 cents, or 0.8 percent, at $79.48 a barrel
- US crude stocks jumped by 14.9 million barrels in the week ended Jan. 6, sources said, citing data from the American Petroleum Institute (API)
Geostrategy
Iran detains celebrity chef in protest crackdown: reports
No reason was given for the arrest of Ebrahimi, who had some 2.7 million followers on Instagram enjoying his slickly...
- Navab Ebrahimi was arrested in Tehran on Wednesday and taken to the city's Evin prison, the Human Rights Activists News Agency said
- Iran has arrested at least 14,000 people in the wave of protests sparked by the September 16 death in custody of Mahsa Amini
Economy
Iraq says former official returned fraction of stolen US$2.5BN
The government of Prime Minister Mohammed Shia al-Sudani took over from Kadhemi in October and has made regular announcements about...
- The anti-corruption agency identified the suspect who returned the funds as Haitham al-Juburi, who is in detention and a former adviser to ex PM Mustafa al-Kadhemi
- According to a document of tax authority, $2.5 billion was allegedly expropriated between September 2021 and August last year through 247 cheques cashed by five enterprises
Most Read
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
ChatGPT to get parental controls after teen’s death
Paris, France -- American artificial intelligence firm OpenAI said Tuesday it would add parental controls to its chatbot ChatGPT, a...
Geostrategy
Company News
Airbus nets satellite deal
Business
Latest News
Tesla Q2 auto deliveries surge
Business
Saudi Arabia announces coalition to push for Palestinian state
Prince Faisal bin Farhan said the "International Alliance to Implement the Two-State Solution" included Arab and Islamic countries, as well...
World’s first CO2 storage service soon ready in Norway
Øygarden, Norway -- Norway inaugurated Thursday the gateway to a massive undersea vault for carbon dioxide, a crucial step before opening...
Geostrategy
UAE captures 30% of Middle East cinema market share in 8 months
Abu Dhabi, UAE -- The UAE cinema sector achieved revenues of AED 517 million during the first eight months of...
Business
Most Read
Economy
OECD raises growth forecast, calls for higher property taxes
Paris, France -- The OECD on Wednesday slightly raised its world economic growth forecast for 2024 but called for higher property...
- The Paris-based organization said global gross domestic product would expand by 3.2 percent, compared to 3.1 percent in its previous forecast.
- While it raised the world GDP outlook, the OECD sounded the alarm on rising debt, urging governments to make "stronger efforts" to contain spending and raise revenue.
Business
UAE’s e& bends to European Union foreign subsidy rules
Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a...
- The European Commission approved Emirates Telecommunications' acquisition of PPF Telecom's assets after securing concessions to avoid competition distortion.
- The deal, scrutinized under new EU rules on foreign subsidies, ensures fair competition by limiting future state aid and financing in the EU.
Business
Masdar acquires Saeta Yield
The deal is estimated to be valued at $1.4 billion.
- Saeta is a leading independent developer, owner and operator of renewable energy assets.
- Masdar recently announced an agreement with Endesa to become a portfolio asset partner for Spain's 2.5 GW renewable energy projects.