Beijing, China--China's international trade in services stood at 459.5 billion yuan, or US$ 67.6 billion, in January, official data showed on Friday, Xinhua News Agency reported.Services exports totalled $25.44 billion last month, and services imports were at $40.50 billion, resulting in a trade deficit of $15.50 billion , according to...

Citing people familiar with the matter, Bloomberg said China’s Ministry of Finance is among government entities that gave the so-called window guidance to some state-owned enterprises as recently as last month, urging them to let contracts with the Big Four auditing firms expire.

All three main indexes in New York plunged at least two percent Tuesday, with forecast-beating purchasing managers index data showing the US economy remained in rude health despite almost a year of rate hikes and elevated inflation. The readings followed a massive surge in new jobs in January and a...

Dubai, UAE--Ohood Al Roumi, the UAE's Minister of State for Government Development and the Future and Vice Chair of the World Government Summit (WGS), has stressed the importance of data and data protection in shaping future governments and businesses.During a session titled "The Role of Data in Government Development", within...

“If you leave people off the field, you have a blind spot – as a country, as a business, in any project you a building. It is a competitive advantage to be inclusive in the boardroom when key decisions are made because if you are not, you are only hurting...

"An effective partnership model between the public and private sector in Dubai has helped transform innovation into a culture that has enhanced the UAE’s competitiveness. Innovation has also helped in formulating strategies and unlock new achievements,” Al Basti adds.

Riyadh, Saudi Arabia--Investment and funding programs worth $580 million were announced on the third day of LEAP 23 Tech Conference, which has been organized by the Ministry of Communications and Information Technology (MCIT), in cooperation with the Saudi Federation for Cyber Security and Programming and Tahaluf. The tech global event...

US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping off the year on robust imports and strong spending. The overall trade gap grew US$103 billion from 2021 to $948.1 billion last year, according to Commerce Department data, on a...

Businesses must remain prepared for the ‘whatever’ scenario. Cloud computing will continue to evolve, with best practise bound to change. If enterprises become data-centric now, both on the cloud and on-premises, they’ll be ready for whatever the future throws their way, he adds.

US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in over five decades, government data showed. The world's biggest economy added 517,000 jobs in January after a five-month slowdown in hiring, as the jobless rate edged down to 3.4 percent, said the Labor Department in...

The index shows that Jordan scored 47 points and is ahead of 119 countries in combating corruption, including Malaysia, China, Bahrain, Kuwait, Turkey and Egypt.

Abu Dhabi, UAE-- Hotels across Abu Dhabi have posted a 24 percent growth in occupancy to 4.1 million visitors during 2022, according to data shared by the Department of Culture and Tourism.Hotel revenues climbed by 23% from the previous year to $1.47 billion in 2022.The statistics showed that Abu Dhabi...

Cairo, UAE--Egypt's annual urban consumer inflation in December shot up to 21.3 percent from 18.7 percent in November, exceeding analyst expectations.Data from the statistics agency CAPMAS showed on Tuesday that the inflation figure was the highest since December 2017, when it hit 21.9 percent. The price rises followed a currency...

Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone. Global equities have enjoyed a largely solid start to the new year, though Wall Street slid on expectations that the Federal Reserve is in no rush to stop hiking US...

Under the MoU terms, the Ministry of Economy and Planning and Clarity AI will work together to explore potential areas of cooperation, such as using big data.

The country profiles -- arranged in alphabetical order -- summarize recent data, presenting statistical narratives of a country that include economic, political, sociological, environmental, and cultural factors. The profiles also include their performance in 2022 and estimations for 2023.

Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026.

Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of the transformative economic goals of the GCC nations.

A key indicator of US inflation edged down from a year ago in November, according to government data, in welcome news to households grappling with soaring costs while spending slowed. This extends a downward inflation trend in recent months, though it is unlikely to bring quick relief from an aggressive...

Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data. The amount was disclosed in a court filing late on Thursday. Facebook has not admitted any wrongdoing as part...

The November figure is well below the sky-high levels that have sparked concern in the United States, Britain and elsewhere, but far exceeds the Bank of Japan's long-term goal of 2.0 percent. Even excluding fresh food and energy, the index was up 2.8 percent. "Although low by international standards, Japanese...

Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts.

Amazon, and its software, will be forbidden from analyzing non-public third-party seller data, and will treat all sellers equally when deciding which offer to put in the best screen location. Sellers will also be allowed to choose their own delivery firm, rather than being obliged to use the service chosen by...

Microsoft will acquire a holding worth $1.8 bn at current prices.

DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data Corporation's (IDC) edition of the IDC Future Enterprise Awards. DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation...

With the use of advanced analytics platforms, marketers can measure consumer engagements, gaining insights into their brand equity, learning to reach different customer segments, and responding with their offerings. This leads to personalized brand experiences for customers, he adds.

The summit will bring together data leaders, high-level government officials, entrepreneurs, technologists, scientists and journalists to engage in dialogue on making data a global good.

Abu Dhabi, UAE -- NEXT50 today launched PLATFORM50, a one-stop-shop solution for organizations to maximize business value and address tomorrow’s challenges. The announcement was made at NEXT50’s inaugural Executive Day – which spotlighted the latest in state-of-the-art technologies including artificial intelligence (AI) and real-world applications accelerating a data-driven future in...

US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. The data added traction to growing expectations the Federal Reserve will be able to dial back its...

Cairo, Egypt— Suez Canal Authority will make an investment of $550 million in the current fiscal year, according to Minister of Planning and Economic Development Hala Saeed. This comes as the authority – which owns and operates the Suez Canal – is targeting to increase the production rates. The revenue...

As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by 8.6 percent in the third quarter of 2022 compared to the same period in 2021.

According to an analysis based on data released by Beijing's Ministry of Finance on Tuesday, the budget shortfall for all levels of government from January to September was $980 billion, almost three times the 2.6 trillion shortfall over the same period last year.

ABU DHABI, UAE - In the UAE the revenues at the federal level increased by 26 percent from US$100 billion (AED367.9 billion) in 2020 to $126.3 billion (AED463.9 billion) in 2021, says the Ministry of Finance (MoF) data released Tuesday. The MoF released the preliminary government finance statistics data for...

It recorded the profit at $256m in the first nine months of 2022.

GlobalConnect is a fiber-based data center services provider.

The investment reinforces both companies’ shared vision of democratizing data, changing how data is shared and monetized by the users and brands.

President Joe Biden, who has seen his approval erode in the face of surging prices, cheered the data as a sign of "historic progress" in the economy, even while he said there is more work to do to help American families. But the central bank likely will want to see...

To draw firms from around the world, the UAE and KSA have been working hard over past few years to build infrastructure comparable to that of industrialized nations.

S&P Global's latest data reveals that the UAE has recorded a strong growth in business across the non-oil economy even as its Purchasing Managers’ Index slightly took a dive to 56.1 in September over the previous month.

Although the PMI in August was 57.7, the kingdom has maintained steady growth for the 25th consecutive month.

Soaring prices have pushed annual inflation to a 40-year high, inflicting pain on American consumers and businesses, despite the welcome drop in gasoline prices at the pump in recent weeks. The disappointing consumer price report for August, released last week, showed housing, food and medical costs continued to rise.

The drop comes as the exchange rate of the Egyptian pound is seeing a decline in light of the pressures the country is experiencing due to the Ukrainian war repercussions and the decline in foreign reserves at the Central Bank.

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".

Time off work for millions of Britons next Monday means the economy will have had two more public holidays than usual in 2022.

The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its successful efforts in capturing FDI trends and patterns toward positioning the city as a global investment destination.

Most of the data breaches reportedly happen within the organization, but the silver lining is that organizations are handling these more effectively now.

Microsoft will set up a new cloud data center in Qatar, creating 36,000 jobs and adding more than $18 billion to the economy over the next five years. As one of the tech company’s biggest international projects, it will boost Qatar’s efforts to move away from reliance on its oil...

Facebook, since the Cambridge Analytica scandal broke, has removed access to its data from thousands of apps suspected of abusing it, restricted the amount of information available to developers, and made it easier for users to calibrate restrictions on personal data sharing.

Twitter misled users and federal regulators about glaring weaknesses in its ability to protect personal data, the platform's former security chief claimed in whistleblower testimony likely to impact the company's bitter legal battle over Elon Musk's takeover bid. In a complaint filed with the US Securities and Exchange Commission and...

Data released from the Ministry of Finance showed that oil and gas revenues increased to $32 billion, compared to $19 billion in the first half of 2021.