Other Gulf markets also took a dive, reflecting global trends as countries around the world grapple with Trump's shock tariffs...
After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures...
The stock rocketed to AED3.7 from an offer price of AED1.34.Its initial public offering (IPO), which was oversubscribed 136 times, received total gross demand amounting to US$25.8 billion
The company's listing gives investors a chance to buy shares in the region’s leading international big data analytics company powered by AI
Abu Dhabi, UAE - The Technology Innovation Institute (TII) said Monday its AI and Digital Science Research Center (AIDRC) has...The Technology Innovation Institute's AI and Digital Science Research Center will partner with Mohamed bin Zayed University of Artificial Intelligence.
Over a period of three years, the researchers will work on developing advanced AI models for cybersecurity and smart city applications.
Created by US startup OpenAI, ChatGPT appeared in November and was quickly seized upon by users amazed at its ability...Europol said the criminals may use phishing, disinformation and malware to do more online frauds.
ChatGPT can also be used to write computer code, especially for non-technically minded criminals. the agency said.
Dubai, UAE - Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO...The Global Offering attracted considerable demand from both the Qualified Investor Offering and the UAE Retail Offer
The Qualified Investor Offering saw strong demand from both international and regional investors
Ankara,Turkey - Turkish Foreign Minister Mevlut Cavusoglu discussed during a phone call with UN Secretary-General Antonio Guterres the deal to...Last week Turkey announced the extension of the deal that has allowed exports of Ukrainian grain to resume following Russia's invasion
Russia said it had agreed to a 60-day extension, while Ukraine's infrastructure minister said the deal had been extended for 120 days
It will buy "all loans and deposits" from Silicon Valley Bank, whose fall this month set off global fears about...US regulators, in the wake of SVB fall, created Silicon Valley Bridge Bank, which will be taken over by First CItizens from Monday
On Sunday, the Federal Deposit Insurance Corporation said the transaction cover US$119 billion in deposits and US$72 billion in assets
Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the...The emerging markets-focused lender intends to exit seven markets in Africa and the Middle East
The bank wants to focus on faster-growing markets in the region, such as Saudi Arabia and Egypt
The company's profit vaulted 157% to US$147m in 2022.The company's revenue jumped from $2.10 billion in 2021 to $2.40 billion in 2022, propelled by growth in business-to-business, 5G and other revenue streams
The telecom operator invested $244 million in 2022 in order to develop the quality of services provided to its clients
"It appears that the Fed has not learned from the mistakes of the 1980s. Throughout much of the 1970s, the...If the US Federal Reserve had implemented an increase of more than 25 basis points, it could have triggered further instability
The Fed must learn from the past mistakes and proceed with caution to avoid financial instability, says deVere CEO Nigel Green
The customs deal is viewed as the concluding phase of a free trade agreement following the normalization of relations between...The Israeli foreign ministry in a statement said the free trade deal would see customs duties "lowered or cancelled on approximately 96 percent of goods"
Last year trade between the UAE and Israel touch $2.5 billion, excluding software and services, making the Gulf country Israel's 16th largest trading partner
