Washington, United States - President Donald Trump rekindled the US trade war on Friday, threatening to impose a 50 percent...
Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
Abu Dhabi, UAE-- The UAE's gross domestic product (GDP) is estimated to have grown 7.6 percent in 2022, shored up...The bank said that in spite of the rise in global inflation, the UAE's remained below the average rate of 4.8 percent, with a decline expected in 2023
The report noted the bank's efforts to ramp up monetary stability, improve financial sector's resilience, and support economic activity in the UAE
Its net profit fell 7 percent to US$50 million in Q1 of 2023.Its revenue also plunged to $122 million in Q1 as against $140 million in the same period of last year
The company attributed the decline in revenue and net profit to a fall in energy prices from high levels
Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might...According to a Goldman Sachs economist, more than 65 percent of occupations will be partially or fully automated in the coming years
Critics of generative artificial intelligence that powers chatbots argue that it can never be able to replace the genius of human mind
Rabat, Morocco: Morocco and the United Kingdom signed on Tuesday a Strategic Framework for Cooperation on climate action, clean energy...The agreement aims to facilitate Morocco’s accelerated transition from fossil fuels to clean and affordable energy
It also aims at the systemic integration of climate action into government and private sector planning and action
The Kingdom holds 323.1 tons of gold, accounting for 21.4% of the total yellow metal held by central banks in...The Kingdom holds 323.1 tons of gold, accounting for 21.4% of the total yellow metal held by central banks in the Arab countries. Qatar, UAE and Kuwait are also regional leaders
Saudi Arabia and Oman have the majority of the natural gold mines in the GCC region. Saudi gold ore production, meanwhile, stood at around 430,000 ounces in 2022
Dubai, UAE - A delegation of Palestinian business executives including 21 start-up representatives visited Dubai Chamber of Digital Economy. It...The event included demonstration of key steps to set up a digital-first business in Dubai, and trade opportunities with Dubai companies.
Participants at the event included Hashim Shawa, Chairman of Bank of Palestine Group, and; Linda Tarzi, Board Member at Bank of Palestine Group.
Tehran, Iran-- Oman is keen to improve the military and defense ties with Iran in order to ensure the security...Sultan of Oman underscored the importance of developing military and defense industry cooperation between the two countries
The visiting Iranian Major General Mohammad Bagheri termed Tehran-Muscat relations as stable and positive
The firm's net profit soared to US$27.14mn in Q1 of 2023.The insurance company's total revenue took a dive to $273 million in Q1 of 2023 from $300 million for the same period in 2022
Its net income from investment however shot up 94.0% to $12.60 million compared to $6.50 million for the same period in 2022
Riyadh, Saudi Arabia--Saudi Arabia and South Korea have signed two agreements on Tuesday for future mobility and roads in the...The agreements between the two countries will boost cooperation in mobility and innovation in the transport and logistics services sectors
Both the countries will, in accordance with the spirit of the agreement, exchange experiences to solve challenges in adopting modern technologies
Doha, Qatar: Qatar and Spain have launched the Qatar Spain Innovation Program (QASIP), a joint venture between the Qatar Research,...The program aims to support collaborative research and development projects in energy, health, resource sustainability, and digital technology
The program is the first fruit of cooperation between the QRDI Council and CDTI, following a MoU signed by Qatar and Spain in 2022
