New York, United States - Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news sites of visitors and impacting the advertising revenue they desperately need, in a crushing blow to an industry already fighting for survival. "The next three or four years will be...
BBC launches US paid subscription to news website
London, United Kingdom - The BBC, Britain's public broadcaster that is struggling with strained finances, on Thursday launched a paid subscription service to its website in the United States to help fund its journalism. For $49.99 a year, or $8.99 a month, users will have "unlimited access" to the BBC's...
Netflix adds millions of subscribers but growth slows
San Francisco, United States - Netflix on Thursday said it added more than five million subscribers in the recently ended quarter but signaled slowing growth. The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 percent compared with the...
Central Bank of Bahrain Sukuk Al Ijara oversubscribed by 186 percent
Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 186%. Subscriptions worth $128.67 million were received for the $69.14 million issue, which carries maturity of 182 days. The expected return on the issue, which...
Parkin to give more shares to retail investors in its IPO
Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and demand from retail investors. Following the approval of the Securities and Exchange Authority (SCA), the UAE...CBB Sukuk Al Salam securities oversubscribed by 372%
Manama, Bahrain--The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities has been oversubscribed by 372%. Subscriptions worth $426 million were received for the $114.36 million issue, which carries maturity of 91 days. The expected return on the issue, which begins on...
MBC IPO retail subscription begins
MBC Group runs a group of TV and radio channels.Dubai Taxi IPO raises US$315m
It received more than US$41 billion in investor orders.Central Bank of Bahrain Sukuk Al-Salam securities oversubscribed 197%
Manama, Bahrain--The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 197%. Subscriptions worth BD 84.706 million were received for the BD 43 million issue, which carries a maturity of 91 days. The expected return on the issue, which...
UAE ministry calls on eligible employees to subscribe to the low-cost job security net
Dubai, UAE – The UAE Ministry of Human Resources and Emiratisation (MoHRE) has called on eligible employees to subscribe to the Unemployment Insurance Scheme, which aims to provide a low-cost job security net that supports the career path of employees in the UAE at no additional cost to employers. The...
Subscription to Unemployment Insurance Scheme starts on January 1
The Unemployment Insurance Scheme (UIS) aims to create a low-cost job safety net that supports employees in their professional journey.
Musk says Twitter clash with Apple a ‘misunderstanding’
The world's richest person, Elon Musk opened fire on the planet's most valuable company early this week over fees and rules at the App Store, saying Apple had threatened to oust his recently acquired social media platform. Analysts told AFP the clash may have came down to money, with Musk...ADIB enables digital solutions to support UAE IPOs’ push
ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription of initial public offerings (IPOs) that were issued this year through its mobile app. ADIB said that 80 percent of clients subscribed IPOs that were issued in 2022...Spotify plans to sell 300,000 audiobook titles to US users; eyes expansion
Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand availability to other markets, and build relationships with publishing houses and expand the selection of titles.Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%
The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152 percent. Subscriptions worth BD 65.445 million ($173.5) were received for the BD 43 million issue, which carries a maturity of 91 days. This is issue number 256 of the short-term...PIF, Capital Bank Group sign pact
The deal worth $185m makes PIF a strategic investor in the group.
Netflix reports subscriber drop
It ended Q1 2022 with fewer subscribers than Q4 2021.
Tibbiyah closes IPO at $22 million
Fully owned by Al Faisaliah Group, Tibbiyah is a leading healthcare provider in Saudi Arabia and the region.
Tibbiyah of Saudi Arabia to offer 5m shares through IPO
Tibbiyah of Saudi Arabia that also goes by the name of the Arabian International Healthcare Holding will offer 5 million ordinary shares — 25 percent of its $53.29 million capital.ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3.
Abu Dhabi Media taps STARZPLAY to stream AFC matches
Enthusiasts may buy a subscription of 2 sports channels for AED15 (a little more than $4) or the entire STARZPLAY package for AED40 (around $11).
