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Dubai Assembly for Generative AI set for October 2023

Under the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of...

DFM Reports 77% Upsurge in Net Profit during the First Half of 2023 to AED 112.2 Million

Dubai Financial Market (DFM) today announced its financial results for the period ending June 30, 2023, reporting a net profit of AED 112.2 million,...

SDAIA, NTDP Launch Groundbreaking AI Accelerator GAIA

Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Technology Development Program (NTDP), in cooperation with New Native Inc., launched Tuesday GAIA, the...

Saudi Central Bank Makes Decisions on Repo and Reverse Repo Rates

The Saudi Central Bank (SAMA) decided to raise the rate of Repurchase Agreement (Repo) by 25 basis points to 6.00 percent, and the rate...

Events Investment Fund Acquires Stake in Strategic Live Events Joint Venture ‘Tahaluf’

The Events Investment Fund (EIF) has acquired a stake in Tahaluf, the Saudi Arabian large-scale live events company created through a strategic joint venture...

Saudi Stock Exchange Main Index Ends Trading Lower at 11847.72 Points

The Saudi Stock Exchange main index ended trading lower today, losing 58.41 points to close at 11847.72 points.The total value of trading reported was...

PIF Announces Establishment of Saudi Tourism Investment Company “Asfar”

The Public Investment Fund (PIF) announced today the establishment of the Saudi Tourism Investment Company (Asfar) to support the growth of the country’s tourism...

Borouge reports first-half revenues of $2.8 billion

orouge Plc today announced its financial results for the three- and six-month periods ended 30th June 2023, with first-half revenues of $2.8 billion and...

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UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum...

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group of leading international technology, ​crypto and other ​businesses...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed...

SEBI board to consider reintroducing open-market window for buybacks tomorrow

A key proposal before the board is to reintroduce...

BMW cuts 2026 profit margin outlook over China slowdown, Middle East costs

German luxury carmaker BMW Group revised down its 2026...