Tag: News

Spot Bitcoin ETFs See Largest Outflows Since May 1, Totaling $287M

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday According to data from SosoValue,...

Gold gains as investors anticipate super-sized Fed rate cut

Gold prices rose to near one-week highs on Thursday, on the back of a weaker U.S. dollar and lower yields after signs of labour...

Analysts Caution 20% Bitcoin Decline as US Rate Cut Fuels Recession Fears

A long-awaited interest rate cut by the United States Federal Reserve could have an unexpected impact on Bitcoin, potentially driving its price down, according...

Dubai Chambers Signs MoU with China Council for the Promotion of International Trade Tianjin Sub-council

Dubai Chambers has signed a Memorandum of Understanding (MoU) with the China Council for the Promotion of International Trade Tianjin Sub-council (CCPIT Tianjin). The...

UAE, 7 OPEC+ countries extend additional voluntary production cuts

OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including the UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and...

Private sector AI investment poised to boost UAE GDP by Dh335b

Private sector investment in Artificial Intelligence (AI) is expected to boost the UAE’s economy, adding an extra Dh335 billion by 2031, according to industry...

US, Britain, EU to sign agreement on AI standards: Reports

The US, Britain, and the EU are expected to sign the first international treaty on the use of AI that is legally binding, the Financial Times...

IsDB Signs Deal with Kazakhstan

The Islamic Development Bank (IsDB) signed a memorandum of negotiations today with the Republic of Kazakhstan, in the presence of Kazakh Deputy Prime Minister...

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Saudi inflation holds steady at 2.2% in May  

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Can Soket AI Power India’s Foundational LLM Dream?

SUMMARY Founded in 2019, Soket AI spent its early years...

Closing Bell: Saudi main index retreats to 10,731.59

Parallel market Nomu lost 393.70 points to settle at...

50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...