Google unveils its most advanced Artificial Intelligence model, Gemini 2.0
San Francisco, United States -- Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to...
Business
Assad’s fall reshapes Middle East politics, redefining power dynamics across the region
The Islamist Hayat Tahrir al-Sham rebels shocked the world by swiftly seizing Aleppo and Damascus, overshadowing global focus on the...
Business
Credit Suisse buyout: Saudi National Bank fears no impact
The Saudi bank said its statement came "in light of the recent market announcement with regards to Credit Suisse", without...
- Credit Suisse announced on Sunday that UBS would take it over for "a merger consideration of three billion Swiss francs," or about $3.24 billion
- After slumping on the stock market last week, Credit Suisse's share price closed Friday at 1.86 Swiss francs, with the bank worth just over $8.7 billion
Geostrategy
Xi’s offer to Saudi Crown Prince spurred Iran deal talks: Official
The initial conversation between Xi and Mohammed bin Salman took place during bilateral talks at a summit in Riyadh in...
- The agreement identifies a two-month window to formally resume diplomatic ties severed seven years ago.
- It also includes vows for each side to respect the other's sovereignty and not interfere in the other's "internal affairs".
Business
TECOM to pay $54m cash dividend
The company paid a total of AED400m for H2
- The approved dividend is in line with the Group’s previously announced dividend policy of distributing AED800 million annually.
- The Group reported a revenue of AED1.97 billion, its highest in 22 years, and a 28 percent rise in net profit.
Business
Aramco reports bumper profits
It posted $161bn profits last year on high oil prices.
- The world's second most valuable company behind Apple, said in a filing with the Saudi stock market that net income for 2022 was $161.07 billion, up from $110 billion in 2021
- Energy prices are expected to stay elevated in 2023, in part because of production cuts approved last October by the OPEC+ cartel that Riyadh co-leads with Moscow
Arts & Culture
Empowering women open doors of possibility for communities to reach new heights: Sheikha Bodour
The American University of Sharjah (AUS) President was taking part in an event, "Breaking the Glass Ceiling: Women in Business...
- Sheikha Bodour emphasizes the importance of celebrating women's contributions to their communities and empowering them
- She took part in the AUS School of Business Administration's first Women in Business event, which is part of a series of events
Opinion
Healthcare set to benefit from industrial metaverse
As the industrial metaverse ramps up, its impact will be far reaching beyond the industrial realm. It will create a...
- As the industrial metaverse ramps up, its impact will be far reaching beyond the industrial realm, writes Dmitry Kaminskiy, General Partner at Deep Knowledge Group
- It will create a direct impact on human lives through advanced healthcare, digital human avatars, human longevity, virtual surgical operations, and much more, he adds
Economy
China sets 5% growth target in 2023, one of the lowest in decades
Beijing, China--China on Sunday set an economic growth target of "around 5 percent" for 2023, one of the lowest in decades,...
- Outgoing Premier Li Keqiang said China would aim to add around 12 million "new urban jobs" this year and bring the urban unemployment rate to around 5.5 percent
- The country posted just three percent growth last year, missing its stated target of around 5.5 percent as the economy strained under the impact of strict Covid-19 curbs
Investigation
Moroccan activists join WhatsApp suit over Pegasus spyware
Claiming that they were "victims of illegal intrusion into their phones by Pegasus software", they said they are planning to...
- The Moroccan plaintiffs said in a statement that "criminal intrusion" into their phones had caused "serious harm, due to (our) activities as human rights defenders, journalists."
- Pegasus gives government users near-complete access to a target's device, including personal data and messages, photos, location and even the camera
Iran has uranium particles enriched to nearly bomb grade: IAEA
The IAEA report said that during an inspection "on 22 January 2023, the agency took environmental samples... at Fordow (sic)...
- The IAEA report comes as the head of the UN's nuclear watchdog, Rafael Grossi, is expected to visit Tehran "in the coming days."
- Iran's stockpile of uranium enriched to 60 percent stood at 87.5 kilogrammes, up from 62.3 kilogrammes, the report said
Business
EGA and ENEC top officials discuss UAE’s clean energy future
EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead...
- EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead source its electricity needs through the grid from EWEC
- Nuclear energy-generated electricity is particularly important for decarbonising heavy industries, which need large volumes of continuous electricity to power industrial processes
Google unveils its most advanced Artificial Intelligence model, Gemini 2.0
San Francisco, United States -- Google on Wednesday announced the launch of Gemini 2.0, its most advanced artificial intelligence model to...
Business
Company News
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TSMC’s April revenue up 60%
Business
Palestinians hail ICJ ruling calling Israeli occupation illegal
Jerusalem: The Palestinian leadership hailed as "historic" Friday a ruling by the top UN court that Israel's occupation of the...
Geostrategy
Antivirus update sparks global tech chaos: Flights, banks hit
Air passengers crowded into airports to wait for news as dozens of flights were cancelled and operators struggled to keep...
Geostrategy
Israel lawmakers vote to oppose Palestinian state
The vote, which drew swift criticism from the Palestinian leadership and the international community, is largely symbolic but laid down...
Geostrategy
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Geostrategy
European Union imposes fresh sanctions on ‘extremist’ Israeli settlers
Brussels, Belgium -- The European Union on Monday announced sanctions on five Israelis -- including those termed "extremist settlers" -- and...
- The asset freezes and visa bans are the second round of sanctions from the 27-nation bloc targeting violent Israeli settlers, taking the total number of listings to 14.
- Prominent settlers blacklisted by the European Union included Moshe Sharvit, Zvi Bar Yosef, Baruch Marzel, and Isaschar Manne.
Business
ADNOC Gas awards $550m contracts
The company aims to expand UAE gas infrastructure, increase customer reach
- Engineering, procurement and construction (EPC) contracts were awarded for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project".
- ADNOC Gas will continue to expand its domestic business through ESTIDAMA, paying ADNOC a variable transmission fee for actual throughput of the pipeline.
Business
Dubai Summer Activities: A new guide to emirate’s attractions
Dubai, UAE -- A new #DubaiDestinations guide titled ‘Dubai’s Summer Activities’ invites residents and visitors to delve into an array...
- Developed by Brand Dubai, the creative arm of the Government of Dubai Media Office, the interactive guide forms part of the latest phase of the #DubaiDestinations campaign.
- It seeks to showcase the city's top-rated summer experiences and highlight unique attractions that make Dubai a one-of-a-kind summer destination.