The opening in Riyadh comes with Tesla sales dropping.

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

San Francisco, United States -- Artificial intelligence giant OpenAI has filed counterclaims against multi-billionaire Elon Musk, accusing its former co-founder of waging a "relentless campaign" to damage the organization after it achieved success without him. In legal documents filed Wednesday in northern California's federal court, OpenAI alleges Musk became hostile...

Dubai, UAE -- A total of 47 international companies have shown interest in developing the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is based on the independent power producer (IPP) model, said Saeed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA). Al...

Abu Dhabi, United Arab Emirates -- A rare blue diamond valued at $20 million went on pre-auction display on Tuesday in Abu Dhabi. The 10-carat Mediterranean Blue, which will go on sale in Geneva next month, is the showpiece of a collection estimated at $100 million, organizers said. "Included in...

A steady stream of development projects and year-round tourism in the country propel demand for tech-enabled facilities management, says Adnan Jabri, General Manager of Ontegra Facilities Management.

The company okayed $650 million final dividend for 2024.

Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling Americans to "be strong, courageous, and patient," minutes before the New York stock market opened to drops of over three percent.

Abu Dhabi, UAE --  Hotel revenues in the UAE reached approximately AED 45 billion ( $12.24 billion) in 2024, reflecting a 3 percent year-over-year growth, said Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council. Hotel occupancy rates also climbed to 78 percent last...

Abu Dhabi, UAE --  Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion ($83.29 billion), compared to AED 281.9 billion in 2023, reflecting the vitality of the emirate’s economy and its growing relations with trading partners around the globe....

It must find non-Chinese owner to avoid ban.

Paris, France -- Automakers have already started to adapt to the 25-percent tariff imposed on car imports by US President Donald Trump, from pausing production to raising prices or halting certain models. The additional levy came into effect on Thursday and applies to all cars that are not manufactured in...

Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at the start of trading, with the blue-chip Dow falling below 40,000 points for the first time since August, a day after the S&P 500 experienced its largest drop since the...

Riyadh, Saudi Arabia -- Saudi Arabia's tourism sector achieved a record surplus in the 2024 travel account, reaching SAR49.8 billion ($13.27bn), a 7.8% increase over 2023, according to a Tourism Ministry press release. The release said that this surge was fueled by a 13.8 percent increase in inbound visitor spending...

The dip occurred amid lower production during factory upgrades.

The Group's EBITDA increased by 69 percent YOY.

The company suffered from boycotts against the policies of Elon Musk.

But its Q1 figures exceed a forecast by Edmunds

The property giant attributes loss to falling sales and shrinking profit.

Doha, Qatar -- Qatar's general Producer Price Index (PPI) for the industrial sector for February recorded 114.01 points, showing stability compared to January, but reflecting a decrease of 0.33 percent compared to the same month in 2024. The PPI for the industrial sector is composed of four main sectors: mining...

The clean energy giant posted $7.8bn in revenue for 2024.

From an institutional investor-based viewpoint, it is becoming of interest more now than it ever has been. And that's a credit to what they've been able to build from a critical mass point of view, said French.

Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while Ford limited losses to under one percent. In Tokyo, Toyota -- the world's top-selling carmaker -- fell two percent, Honda shed 2.5 percent, Nissan was off 1.7 percent and Mazda...

Paris, France -- From champagne to steel and now cars: it is getting harder to keep up with US President Donald Trump's growing tariff target list and the retaliatory measures by trade partners. Here is a rundown of what has been implemented, threatened and coming next in an escalating trade...

US President Donald Trump has announced steep tariffs on auto imports and parts, provoking threats of retaliation from trading partners ahead of further promised trade levies next week.

The company had posted $19bn in property sales for 2024.

The 50% equity interest in BHIG is Aramco-APQ joint venture.

The final dividend of $136.5m will be paid on April 3.

Samsung Electronics co-CEO Han Jong-hee, credited with boosting the South Korean tech giant's television business on the global stage, died of a heart attack Tuesday aged 63, the company told AFP.

Investor sentiment has been jolted in recent weeks by fears that the president's hardball policies could deal a painful blow to the global economy. Wednesday of next week is now the focus of attention, with Trump labelling it "Liberation Day" as he prepares to unveil a raft of supposedly "reciprocal"...

New York, United States -- Can a complete tech novice create a website using everyday language on ChatGPT? That's the promise, misleading for some, of "vibe coding," the latest Silicon Valley catchphrase for an advance in generative AI that some say makes computer programming as simple as chatting online. "You...

It includes $1.7 billion scheduled for distribution in Q2 2025.

The Chinese EV giant's net profit was $5.55 billion for 2024.

This is approx 78% of the company's net profit after tax.

TikTok faces a deadline to divest from its Chinese owner or be banned in the US.

DEWA had posted a net profit after tax of $1.96 billion for the full year 2024.

Riyadh, Saudi Arabia -- Saudi Arabia's poultry sector has reached complete self-sufficiency in table egg production, with output surpassing 8 billion eggs by 2024, according to the Ministry of Environment, Water, and Agriculture. The Ministry highlighted that the Kingdom's egg production not only meets domestic demand but also generates a...

Dubai, UAE --  Abu Dhabi sovereign wealth fund ADQ has partnered with the American private equity firm Energy Capital Partners to invest more than $25 billion in 25 GW worth of energy projects to power data centers, mostly in the United States. ADQ and ECP, the largest private owner of...

The company's net profit increased by 81.5 percent in Q4 2024.

The final cash dividend of $394m for 2024 was approved at the AGM.

Gold and oil prices climbed on fears of escalating tensions in the Middle East after Israel launched its most intense strikes on Gaza since a ceasefire with Hamas took effect. Uncertainty ahead of a telephone call about Ukraine between Trump and Putin also helped boost the safe-haven metal.

The all-cash deal brings Wiz into the Google Cloud operation.

The company had posted a 24% YoY increase in net profit to $1.24bn.

Baidu announced in a WeChat post that its latest X1 reasoning model -- which the company claims performs similarly to DeepSeek's but for lower cost -- and a new foundation model, Ernie 4.5, were available via its AI chatbot Ernie Bot.

The future of logistics is a convergence of technology, sustainability, and human ingenuity, which are transforming supply chains into more innovative, greener, and inclusive systems, says Diallo

This portfolio comprises 100 percent next-generation aircraft

Historically, the region was a key player in commerce through the Silk Road, and today, it has the potential to become a hub for the digital revolution, says Al-Tawil, Managing Director for MENA at Equinix.

It has been awarded for construction of Design Quarter at d3

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and augmented reality to enhance visitor experiences.

The framework for future-proofing tourism revolves around three core pillars: People, Planet, and Purpose. This vision is particularly evident in the GCC, where a people-first transformation is taking place.