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Economy

Saudi Arabia, Gulf countries follow US Fed quarter-point hike to protect currency peg

the financial -
Central banks in the Gulf including in Kuwait and Saudi Arabia matched the Federal Reserve’s 25 basis-point rate increase on Wednesday as they aim...
Business

Dubai, Abu Dhabi see soaring off-plan deals, signaling investor confidence: JLL

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Off-plan transactions in the residential markets of Dubai and Abu Dhabi continued to see a robust growth momentum in the second quarter (Q2) on...
Uncategorized

Saudi Aramco VC fund joins Thiel to back AI-powered emissions monitor

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Riyadh: Saudi Aramco’s venture capital arm has invested in Tenderd, a UAE-based firm backed by Peter Thiel, which uses AI-generated insights to monitor and...
Economy

Saudi Arabia’s Neom seeks $2.7 billion loan to build futuristic city

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Riyadh: Saudi Arabia’s Neom, the company developing Crown Prince Mohammed bin Salman’s flagship megaproject, is looking to raise a 10 billion riyal ($2.7 billion)...
Business

ADNOC Gas announces $7-9 billion 14-year LNG supply agreement with Indian Oil Corporation Ltd

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Abu Dhabi: ADNOC Gas plc (ADNOC Gas), a world-class integrated gas processing company, on Tuesday announced a 14-year supply agreement with Indian Oil Corporation...
Uncategorized

e& launches its metaverse ‘e& universe’ with Samsung’s Unpacked event

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Abu Dhabi: UAE's telecommunications giant e& made its official entry into the metaverse on Wednesday with the launch of 'e& universe' and collaborated with...
Uncategorized

Tired of proving you’re not a robot? Say goodbye to Captcha boxes

the financial -
You have probably seen Captchas - puzzles that ask you to pick out all the bicycles in an image or to decipher letters that...
Uncategorized

Google, Microsoft and other tech giants form AI group focused on ensuring safety

the financial -
San Francisco: Four US leaders in artificial intelligence (AI) announced Wednesday the formation of an industry group devoted to addressing risks that cutting edge...
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German luxury carmaker BMW Group revised down its 2026...

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