- New York, United States -- OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an investment spree to secure massive amounts of computing power for rolling out generative artificial intelligence. The companies announced the plan to develop AI data centers that the chipmaker said...
DP World adds LatAm infra
It will add warehouses in Ecuador and the Dominican Republic.American Airlines trims flights
The US carrier is waiting for the new Boeing 787 DreamlinersGates visits Dubai Expo, urges attainment of Sustainable Development Goals
During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK.EGA signs 3 year agreement with China’s Bosai Group
The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements.Mubadala acquires stake in Sibur
This is the company's largest investment in Russia yet.Etihad and ITA Airways sign pact
Codesharing agreement to boost travel and tourism between Italy and UAE.Gulf boardrooms still a man’s world
Female representation on boards and at higher levels across the Gulf is trailing behind much of the rest of the worldHalf of Iran’s civil jets grounded for lack of spare parts
The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this week.Mubadala invests in US-based Medallia
Medallia captures experience data from customers and employees.UAE biggest trading partner of Australia, relations between two growing
The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai. He added that annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion), and the UAE and Australia...Instagram boss faces US lawmakers over impact on kids
Instagram's boss faces a grilling Wednesday from US lawmakers after damning press reports based on leaked internal research showed the photo-sharing app could harm its young users. Adam Mosseri's testimony comes as the social media networks under Facebook parent Meta battle a crisis sparked by the company's own documents, and...Dubai Financial Market announces new trading hours from 3 Jan 2022
Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...Iraqi fishermen caught in net of water frontiers
Iraqi fishermen at Al-Faw, such as Tareq Ziad, complain of "being harassed" by both Iran and Kuwait.Three laws introduced in UAE after the biggest-ever amendments
The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of their kind in the history of the country. Approved last month by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the amendments were made to more than 40...China offers Kuwait help in developing its ports to boost maritime trade
China is willing to assist Kuwait to develop its ports given the significance of such facilities in the ##international maritime trade. This was stated by Shanghai International Port Group chief Gu Jinshan during talks with Kuwait's Consul General in Shangai Mishal Al-Shamali. The talks focused on plans to bolster bilateral...Google shuts cybercrime ring
The ring had infected 1 million devices to carry out its work.Aramco taps L&T for Saudi facility
Spread over 120,000 square meters of area, the facility which is to construed by L&T aims to create crucial equipment for several industries such as power, oil and gas.Tecom to be listed on DFM
It is part of a strategy to help DFM reach the AED3-trillion markNestle sells €8.9bn L’Oreal shares
Around 22.26 million shares were sold for €400 each.‘UAE-GCC business as usual after new workweek’
The UAE’s newly-announced working week will not have any negative impact on the UAE and Gulf countries’ business relations, say experts.Aramco lands $15.5bn Blackrock deal
The deal creates the Aramco Gas Pipelines Company.Hamilton, Verstappen neck and neck, ahead of weekend’s showdown in Abu Dhabi
The 36-year-old Briton and his Dutch rival, who is 12 years younger, have for the large part treated each other with respect.Saudi Arabia drops paper, adopts e-invoicing
The first phase of electronic invoicing in Saudi Arabia has begun, affecting all taxpayers liable to VAT in the Kingdom - excluding those who do not reside there.Instagram tightens teen defenses
The app will be stricter about what it recommends to teen users.50% of top 10 automotive OEMs will design their own chips by 2025
“Automotive semiconductor supply chains are complex,” said Gaurav Gupta, research vice president at Gartner. “In most cases, chip makers are traditionally Tier 3 or Tier 4 suppliers to automakers, which means it usually takes a while until they adapt to the changes affecting automotive market demand. This lack of visibility...Moody’s forecasts stable outlook for GCC banks
Moody’s has forecast a stable outlook for GCC banks during the next 12 to 18 months, primarily due to economic recovery in the region and higher oil prices.KSA and Oman draw closer, sign deals worth $30bn
Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman began a tour of Gulf Arab countries, including former rival Qatar.Pandemic turns out to be a boon for billionaires
The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a report on inequality showed Tuesday.Rohingya sue FB for $150bn
The complaint says Facebook's algorithms target susceptible users.‘Saudi women entrepreneurs have it easier now’
Boundary-pushing journalist and entrepreneur Muna AbuSulayman tells TRENDS how things have changed for businesswomen in Saudi Arabia.Evergrande to restructure debt
It also formed a risk committee before upcoming payment deadlines.Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.Israel brings new law on cyber exports after Pegasus scandal
An updated Israeli end user certificate issued Monday, to be signed by buyers, listed terrorism as including offences committed with the aim of ‘seriously intimidating a population’ or ‘unduly compelling a government’ through crimes such as hostage taking and potentially fatal attacks upon a person's life.DEWA launches EV Green User Dashboard
The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.Natixis of France to fund ACWA Power projects with $2bn
Natixis Corporate and Investment Banking of France has signed an agreement to finance ACWA Power projects over the next two years - with a funding of up to $2 billion.Tadawul shares set to trade, after huge investor interest
After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday, Dec. 8.Jordan olive festival clocks sales of $4.23m
The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.Saudi Arabia, UAE ripe for hydrogen investments
Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.ENOC plans Dubai compact stations
The first compact station opened at Dragon Mart 2 this month.Governments helped arms firms avoid Covid-19 slump
Governments around the world passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute (Sipri).Oxford Business Group, QDB report maps Qatar’s start-up and SME ecosystem
A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to focus on entrepreneurial activity and innovation for its long-term growth strategy. The Business Journey Report highlights Qatar’s start-up and SME ecosystem, combining detailed analysis, key data and infographics relating to...OFID’s $80m loan expected to boost trade in Africa
The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade directly among corporates or through financial intermediaries.Borouge awards EPC contracts
The $6.2 bn contracts are meant for expansion in RuwaisBahrain to introduce digital currency in the country
The Central Bank of Bahrain will offer the digital Dinar through a digital payments platform that can be accessed round the clock.Didi departure from NYSE marks end of Wall Street romance with Chinese big tech
Only five months transpired between Didi's going public in New York in June and word Friday that it will prepare a Hong Kong listing.Multiply Group starts trading on ADX
The IHC subsidiary starts trading under the ticker MULTIPLY.Saudi non-oil private sector records growth in November
The non-oil private sector of Saudi Arabia continued to grow in November on the back of strong demand and modest price pressures for businesses, but lower growth of new orders meant it was the least marked expansion since August.Al Dhafra Festival camel beauty pageant from December 14
The festival aims to, among other things, make Abu Dhabi the preferred place for camel fairs regionally as well as internationally.Metaverse hype fuels digital-property boom
Metaverse has been a Silicon Valley buzzword for months, but interest soared in October after Facebook's parent company renamed itself Meta.Jordanian exporters association seeks to bridge trade imbalance with Turkey
According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million.




















































