Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items like software, data and AI, the UN said Wednesday, describing a "fundamental shift in how economies grow and compete". Investment in intellectual property-backed assets grew three times faster in 2024...
Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria
Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial Revolution (C4IR) launching in 2025. Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed. The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global...Mubadala invests in Aligned
Mubadala will become a minority partner with this investment.
Libya court imposes prison terms on three for human trafficking
One of the three, whose identities and nationalities were not given, was sentenced to life in prison and the other two to 20 years each. Considered to be the first convictions in Libya in human trafficking cases, the court found the three guilty of "trafficking in human beings" and having...Global Research Council re-elects Saudi Arabia as MENA region chair
Riyadh, Saudi Arabia--Saudi Arabia has been re-elected to represent the MENA region on the board of the Global Research Council (GRC) during its 11th annual meeting in The Hague, The Netherlands. Dr. Munir Eldesouki, the President of King Abdulaziz City for Science and Technology, will continue to represent Saudi Arabia...
Middle East region now has a new address for business centers: Downtown
Close to 200 years after the business hub of New York City was named as downtown, the word has entered the lexicon of business and commerce in the Middle East, with many areas being referred to by it.
How the tide turned on promising data centers in Europe
Energy-guzzling Data centers or bit barns across Europe are facing the heat because of energy shortage sparked by the Ukraine-Russia conflict. Activists have also raised concerns about the "lack of transparency about what is actually being stored in these data centers".
Kuwait rebuilding five commercial license centers across country
Kuwait’s Ministry of Public Works has announced it will be re-building five commercial centers across the country. Local media reports, citing Elham Al-Shammari, the engineer of the project for demolishing, rebuilding and maintaining five external centers for commercial licenses in the Ministry, said the centers will be located in five...
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend. ADGM said in a statement that the new working week brings the emirate's business community and financial sector closer to global...
