Saudi Arabia is seeking to leverage changes in global trade and supply chains to position itself as a “connector economy,”...
The Gulf economies face disruptions but embrace risk to grow, says Tadeu Baldani Caravieri, founder of Prototypes for Humanity, on...
Oil ministers in the V8 grouping -- comprising Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and...Those countries had already increased production by 2.2 million bpd in recent months.
They said that the new incoming cycle could see up to an extra 1.65 million bpd eventually coming onto the market.
San Francisco, United States - Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over..."This landmark settlement far surpasses any other known copyright recovery," said plaintiffs' attorney Justin Nelson. "It is the first of its kind in the AI era."
San Francisco-based Anthropic announced this week that it raised $13 billion in a funding round valuing the AI startup at $183 billion
Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...The small aircraft -- an Alia built by US aircraft manufacturer Beta -- flew the 160 kilometers in a test run by the Norwegian affiliate of the transport company Bristow.
The flight took 55 minutes and simulated a cargo flight route in southeastern Norway.
Wall Street stocks opened mostly higher, with shares in Google parent-company Alphabet shooting up nearly seven percent after winning a...Yields on 30-year Japanese government bonds rose to an all-time high of 3.29 percent on Wednesday, while 20-year yields reached their highest since 1999.
The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.
- Gold climbed to a new record Tuesday as investors sought out safe havens, while Japan's Nikkei and the Hang Seng...
The precious metal reached $3,501.59 an ounce during early trading in Asia, soaring past its previous record of $3,500.10 in April
The run in gold prices comes as investors weigh up a weakened US dollar and the prospect of rate cuts by the Federal Reserve
- Paris, France - Apple will update software on iPhone 12 handsets across the EU to lower the power of their...
The software update, scheduled "in the coming weeks" across the EU, is in line with a 2023 change made to the phones in France based on testing by ANFR radio frequency authority
"We continue to disagree with the French ANFR's testing approach, (but) respect the European Commission's decision," Apple said in a statement
- Geneva, Switzerland -- Shenzhen-Hong Kong-Guangzhou has overtaken Tokyo-Yokohama to become the world's top cluster for innovation, the United Nations said...
The UN's World Intellectual Property Organization (WIPO) said the Chinese cluster had leapfrogged its Japanese rival in its 2025 Global Innovation Index.
The change at the top of the world's 100 leading innovation clusters was down to WIPO broadening the criteria to include VC investments to formulate the annual rankings.
- In Saudi Arabia's Vision 2030, digital content creation is a key pillar of economic transformation, and Qatar National Vision 2030...
The UAE, Qatar, Saudi Arabia and Bahrain have seen a big boom in the emergence of bloggers, influencers, and content creators who are gaining a substantial following
The Gulf region - home to a predominantly young population, with over 50% being under the age of 25 in 2021 - has 90% smartphone penetration
- Beijing, China -- China's factory output ticked up in August but still recorded a fifth straight month of contraction, official...
The Purchasing Managers' Index -- a key measure of industrial output -- was 49.4, the National Bureau of Statistics (NBS) said, up slightly from 49.3 in July.
The last time China recorded a figure above 50 -- indicating growth -- was in March.
Dubai, UAE -- The United Arab Emirates has continued to attract global companies looking to establish regional or global headquarters....This trend is supported by the country's legislative and digital infrastructure, as well as its strategic location.
A report from the Kearney Foundation ranked the UAE second among emerging markets in its "FDI Confidence Index 2025."
