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...

Multiply Group reports AED400 million profits in Q2 2023

Multiply Group, an Abu Dhabi-based investment holding company, has reported a net profit of AED400 million for Q2 2023, compared with AED127.31 million in...

Financial Academy and Global Fintech Institute Sign MoU

The Financial Academy and the Global FinTech Institute have signed today a Memorandum of Understanding (MoU) in order to strengthen their collaboration in training,...

Saudi oil exports down 40 percent in May yoy: Stats agency

Saudi oil exports fell almost 40 percent in May from the same period a year ago, latest government data released on Tuesday showed, weighing...

Saudi Arabia’s Rawabi Energy successfully concludes financing deal worth $1.91 bln

Rawabi Energy and its subsidiaries announced on Sunday the successful conclusion of one of the largest private sector syndicated financing in the Kingdom of...

UAE: New discount markets, price controls, dollar peg; how the country managed to rein in inflation amidst global turmoil

Inflation in the UAE and Saudi Arabia was low despite global turmoil, thanks to government-imposed price controls, the dirham’s peg to the dollar and...

Dubai: DIFC Courts sets new record with Dh15 billion in claims value in first half of 2023

The Dubai International Financial Centre (DIFC) Courts today released its figures for the first six months of 2023, reflecting a surge in the overall...

Dubai Chambers unveils Dubai Business Forum

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai,...

Dubai Aviation City corporation and Dubai South sign agreement to launch employee protection program

Dubai Aviation City Corporation through its affiliated corporation Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, announced the...

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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...