Reuters

Reuters

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Saudi Arabia’s PIF pitches kingdom as AI hub

Saudi sovereign wealth fund PIF pitches kingdom as AI hub

Gemini - Sundar Pichai, chief executive officer of Alphabet Inc., during the Google I/O Developers Conference in Mountain View, California, US, on Wednesday, May 10, 2023. Google introduced a new large language model, used for training artificial intelligence tools like chatbots, known as PaLM 2, and said it has already woven it into many of the internet search company’s marquee products. Photographer: David Paul Morris/Bloomberg

Google to pause Gemini AI model’s image generation of people due to inaccuracies

Global debt tops $313tn in 2023, says IIF

Global debt hits new record high at $313tn in 2023, says IIF

WTO

World Trade Organization’s push for reform plagued by obstacles

Nvidia

Nvidia stock soars as revenue outlook beats expectations, driven by high AI demand

Saudi Arabia mulls follow-on share offerings framework

Saudi Arabia considers regulatory framework for follow-on share offerings

RedBird IMI strikes $1.45 bln deal for UK's All3Media

Abu Dhabi-backed RedBird IMI strikes $1.45bn deal for UK’s All3Media

Oil hovers near 3-week high on Middle East tensions

Oil hovers near 3-week high on Middle East tensions, China demand

Saudi Aramco likely to issue a bond in 2024

Saudi Aramco likely to issue a bond in 2024, CFO says

saudi arabia - Vision 2030 - IMF

Saudi finance minister expects above 5% non-oil growth

Singapore mandates SAF use for departing flights by 2026

Singapore to require departing flights to use sustainable fuel from 2026

Geopolitical tensions to complicate WTO deal-making in Abu Dhabi

How geopolitical tensions will complicate WTO deal-making ahead of Abu Dhabi meeting

Global carbon markets value hit record $949bn in 2023

Global carbon markets value hit record $949bn in 2023

Red Sea

Retailers demand more action from EU to resolve Red Sea crisis

Americana Restaurants on MSCI UAE Index

Fast food operator Americana knocked by ME tensions

OpenAI unveils AI model that turns text into video

Text to video: OpenAI announces new Sora model

nvidia-jensen-huang

Nvidia’s expected earnings is shaking up the options market

Oil

Iraq to compensate for January crude production increase

Saudi Arabia posts 2023 budget deficit of $22bn - capex

Saudi Arabia posts 2023 budget deficit of $22bn

Hedge fund. - Sanjay Shah

More woes for Sanjay Shah as ‘accomplice’ set to plead guilty

COP 28-DR-SULTAN-AL-JABER-UAE

UAE launches climate ‘troika’ with future COP presidencies Azerbaijan, Brazil

OPEC - OIL FORECAST

OPEC’s Al Ghais: We stand by our forecast of long-term demand for oil

India, UAE sign pact on trans-continental trade corridor

India, UAE sign pact on trans-continental trade corridor

Saudi oil minister

Saudi Arabia to focus on energy transition, Aramco to maintain capacity: Prince Abdulaziz

oil

How much spare oil production capacity do energy producers have?

IMF

IMF forecasts 2.9% growth for MENA in 2024

Saudi Aramco lines up banks for potential share sale

Saudi Arabia poised for new Aramco share sale: Report

Summer solstice - temperature - 1.5 degrees C

Global temperatures cross 1.5 degrees C threshold over 12 months

Egypt raises minimum wage by 50% as part of ‘urgent’ package

Egypt raises minimum wage by 50% as part of ‘urgent’ package

PIA

Pakistan approves plan to sell national carrier PIA on eve of election