Tokyo, Japan -- Japanese tech investor SoftBank said Wednesday that its stake in OpenAI is now around 11 percent after...
Moving forward, lower oil revenues will continue to pose challenges to the Saudi economy and its overall targets. Earlier this...
Riyadh, Saudi Arabia -- Saudi Arabia has granted permission to more than 350 international companies to open their regional headquarters...Minister of Investment Khalid Al Falih said the Kingdom is transforming comprehensively through Vision 2030 by turning its economy green.
He highlighted that new economic sector like the digital economy, and tourism will immensely develop human capital, demanding diverse skills and a new global outlook.
Sao Paulo, Brazil-- The UAE has affirmed that it collaborates with the BRICS nations in order to establish sustainable development...Al Hussaini said the UAE aims to boost cooperation between emerging and developing economies and set up governance frameworks on a global level
The minister said they expect more fruitful collaboration among the group’s nations, which are increasing in importance and role in international affairs
Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...The study highlights on Abu Dhabi’s ambitions to maximize the benefits of utilizing AI systems, applications, technologies, and solutions
In recent year, Abu Dhabi Chamber has adopted innovation and digital transformations and implemented supportive policies
- DUBAI – Sheikh Abdulla bin Mohammed Al Hamed, Chairman of the UAE Media Council (UAEMC), has approved a comprehensive legislative...
The roadmap emphasizes the importance of aligning national efforts and creating partnerships to boost the UAE’s media sector.
It aims to develop a media industry that embraces global cultures, driven by innovation and youth leadership.
- In January, Israel's cabinet approved an additional 55 billion shekels ($15 billion) to meet the cost of the war, while...
When asked about Israel's economic losses due to the war, Barkat said it could add "anywhere between 150 to 200 billion shekels ($42-55 billion)" to the country's national debt
Barkat said Gaza war could help Israel boost sales of military technology, noting there is "high interest" from many countries, without specifying if Arab states were among them
Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's...The report said many participants emphasized the risks of moving too quickly and noted the importance of carefully assessing incoming data
The recent data revealing a weakening demand in the US restricted the rise in oil prices, as the crude oil stocks in the country increased by 7.1m barrels
Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course...A soft landing, described as an economic slowdown resulting from a central bank's cautious interest rate increases, aims to avoid a recession
The IMF suggested that global economic growth could surpass expectations if disinflation progresses faster than anticipated, prompting earlier monetary policy easing
- Cairo, Egypt--The Arab League (AL) on Sunday organized a workshop in Cairo to discuss the role of BRICS for African...
Dubai, UAE - The price of Bitcoin on Tuesday surged past $57,000, demonstrating the continued strength of the cryptocurrency market...The rise follows Bitcoin's climb above $54,000 on Monday, a milestone not reached since December 3, 2021
The cryptocurrency has been experiencing a bullish trend since January 11, when the US Securities and Exchange Commission approved spot Bitcoin ETFs
- "We believe that enhancing competitiveness and ensuring that the nations offering the best products and services come out on top...
Sweden remains committed to the rules-based international trade system amidst rising geopolitical tendencies.
Swedish Minister Johan Forssell calls for enhancing competitiveness over subsidy reliance for economic development.
