Business

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

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), received Kim Jung-kwan, Minister of Trade,...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses on Monday announced plans to ​help stamp out the illegal trade in wildlife. Announcement made as...

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

The idea of "sovereign AI" has often been dismissed as techno-nationalist rhetoric, an idea which is considered expensive, duplicative and largely unnecessary in a...

$10 million-plus homes in Dubai: Who is buying luxury residences?

During the third quarter of 2023, super-prime homes in Dubai, priced at over $10 million, garnered a total sales volume of $1.59 billion, as...

Two friends built Dh600 AI start-up using ChatGPT, sell it for Dh550,000

Two budding entrepreneurs and friends took help from ChatGPT and built a start-up with just a modest investment of $185 (Dh600), reported CNBC. The...

FAB announces net profit of AED12.4 billion in first 9 months of 2023

First Abu Dhabi Bank (FAB) has achieved record performance in the first nine months of 2023, reporting that net profit for the period reached...

Nedaa, du unite to pioneer UAE’s telecommunication sector transformation

Professional Communication Corporation – Nedaa, and du, from Emirates Integrated Telecommunications Company (EITC), have officially signed a Memorandum of Understanding on the second day...

Emirates expands collaboration with Neste

Emirates and Neste have expanded their partnership by solidifying their collaboration for the supply of over 3 million gallons of blended Neste MY Sustainable...

ADNOC Gas signs $500-700 million LNG supply agreement with JERA Global Markets

ADNOC Gas plc today announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500 million (AED1.8 billion) and $700 million (AED2.5 billion),...

Major Egypt banks suspend debit-card use abroad to stop drain on foreign currency

Egypt’s biggest lenders including Commercial International Bank SAE and Banque Misr suspended the use of local-currency debit cards abroad, as the cash-strapped North African...

Gold is losing its dazzle

Gold is facing tough competition this year as the preferred haven for cautious investors. Gold prices settled at $1,831.80 per troy ounce on Thursday, its...

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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...

Tech, crypto firms to help tackle illegal wildlife trade

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...