Microsoft strikes deal with Elon Musk to host Grok AI
Seattle, United States - Microsoft on Monday said its business cloud servers will now host technology from xAI, days after...
Science
US judge rules Google monopolized online ad tech market
Washington, United States -- A US judge on Thursday ruled that Google wielded monopoly power in the online ad technology...
Business
Economy
Global oil reserves release ‘a drop in the ocean’: Goldman Sachs
"On our pricing model, such a release would be worth less than $2/bbl, significantly less than the $8/bbl sell-off that...
- "On our pricing model, such a release would be worth less than $2/bbl, significantly less than the $8/bbl sell-off that occurred since late October," the bank said in a note
- US West Texas Intermediate crude was down 35 cents to $78.15 a barrel by 0031 GMT on Wednesday
Business
GMIS2021 concludes in UAE with launch of GMIS America
The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city...
- The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city that has rebounded from significant industrial challenges
- The summit explored the role of data and connectivity in shaping the future of supply chains, green manufacturing, sustainable energy, and climate action
Expo 2020 DUBAI
Saudi pavilion at Expo 2020 organizes a musical show
Saudi pavilion at Expo 2020 put on a splendid show at the Dubai Millennium Amphitheatre, the second artistic evening organized...
- The evening started by introducing the first-time visitors to the pavilion’s various sections after it achieved one million visits
- Saudi Arabia’s pavilion at the Expo 2020 Dubai recorded 1 million visits on Thursday since it opened on Oct. 1
Geostrategy
Erdogan calls for ‘continued dialogue’ with Israel
President Recep Tayyip Erdogan on Thursday spoke by phone with Israeli counterpart Isaac Herzog, in a rare exchange between the...
- The phone call came a few hours after an Israeli couple held in Turkey for a week on suspicion of espionage were released
- Erdogan told Herzog during the phone call that the continuation of contact and dialogue between Turkey and Israel was in their "mutual interest"
Arts & Culture
Dubai cyclists hit the desert as sport gains traction
Abu Dhabi's Formula One circuit is handed over to cyclists several times a week, with other tracks available across the...
- UAE Team Emirates rider Tadej Pogacar has won the last two editions of the Tour de France.
- The 'Dubai Ride' was launched last year, with Crown Prince Sheikh Hamdan bin Mohammed leading the parade of cyclists down the six-lane Sheikh Zayed Road.
Geostrategy
UAE urges citizens to leave Lebanon ‘as soon as possible’
The move came a day after recalling its diplomats from Beirut over a Lebanese minister George Kordahi's remarks that Iran-backed...
- Saudi Arabia on Friday gave Lebanon's ambassador 48 hours to leave the country and recalled its envoy from Beirut.
- Bahrain and Kuwait quickly followed suit with similar measures in "solidarity" with Riyadh.
Islamic Development Bank of KSA sets the price of its issuances
The Islamic Development Bank of Saudi Arabia has set the price of its second and final issuances as part of...
- The Saudi Press Agency reported the final price of issuance instruments by the bank was SR6.3 billion ($1.7 billion)
- The president wanted to "thank investors" for trusting the institution during the recovery from the pandemic.
UAE to ease Covid curbs, allow bigger home gatherings
Owing to the decline in the transmission of coronavirus in the country, the United Arab Emirates has decided to relax...
- According to the new set of rules, occupancy at parties has been capped at 80 per cent or a maximum of 60 guests
- A negative PCR test taken no more than 48 hours before the event is also a must
S&P says lackluster tourism to keep Dubai economy down
Although Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the...
- The economy of the Middle East trade, finance, and tourism hub shrank 10.9% last year
- S&P expects Dubai's real gross domestic product growth to average about 2% between 2022 and 2024
Business
Fertiglobe IPO set for $6bn valuation as subscription ends
Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on...
- The amount of shares allocated is equivalent to 13.8 percent of the business
- Subscription for Fertiglobe shares began on 13 October, with two tranches, of stock offered to investors
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
Microsoft strikes deal with Elon Musk to host Grok AI
Seattle, United States - Microsoft on Monday said its business cloud servers will now host technology from xAI, days after...
Science
Company News
IHC Q1 net profit $2.17bn
Business
Latest News
Oil and gas sector in Arab countries attracts projects worth $406bn
Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies,...
Business
Turkey joins South Africa’s Israel ‘genocide’ case at ICJ
A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's...
Geostrategy
Bangaldesh Nobel winner Yunus ready to lead after Hasina flees
Dhaka, Bangladesh -- Bangladesh Nobel winner Muhammad Yunus said Tuesday he is ready to head a caretaker government, a day after...
Geostrategy
Most Read
Geostrategy
G7 foreign ministers met by videoconference over Mideast: Italy
Rome, Italy -- G7 foreign ministers met by videoconference Sunday to discuss the Middle East and expressed "strong concern" over the...
- "Together with our partners, we have expressed strong concern about recent events that threaten to determine a regionalization of the crisis," Italian foreign minister said.
- The foreign ministers, it said, "reiterated the priority of a favorable conclusion of the negotiations on the ceasefire in Gaza and the release of hostages".
Geostrategy
Travellers rush to leave Lebanon amid spiking tensions
Several airlines including Lufthansa and Air France have delayed or suspended flights to Lebanon, and countries have issued urgent calls...
- Fears have spiked that months of cross-border violence could degenerate into all-out conflict between Hezbollah and Israel, who last fought a devastating war in the summer of 2006.
- Embassies have repeatedly urged their citizens to leave Lebanon while commercial flights are still available.
Geostrategy
Thousands bid farewell to Ismail Haniyeh in Qatari capital
Haniyeh was laid to rest in Lusail, north of the capital Doha, following funeral prayers at the Gulf emirate's largest mosque...
- "In this moment, I buried my soul under the dirt and I departed. I departed with all the pain of the world in my ribs," she captioned the video uploaded on X.
- Mourners earlier on Friday lined up inside Imam Muhammad bin Abdul Wahhab Mosque, where Haniyeh's casket, draped in a Palestinian flag, was briefly carried in.