Middle East: Assets under management surge 13%, rising to $2.3tn, according to A BCG study

Middle East: Assets under management surge 13%, rising to $2.3tn in 2023

According to the Boston Consulting Group report, globally in 2023, assets under management rose by 12 pr cent to nearly $120tn

narendra modi

FII’s sell record $1.5bn in Indian equities after mixed results for Narendra modi-led BJP in 2024 elections

The Bombay Stock Exchange, which crashed 3,000 points on June 4, erased its entire 2024 gains in a single day on the back of poll results

indigo

IndiGo eyes lesser-known international destinations for next growth phase

IndiGo, is pushing deeper into India, where it flies to 88 cities, and has doubled its global network to 33 destinations from 15 two years ago

ChatGPT

OpenAI launches ChatGPT Edu for universities, to be available in 50 languages

ChatGPT can help with various tasks across campus, such as providing personalised tutoring for students and reviewing their resumes, helping researchers write grant applications, and assisting faculty with grading

India

India elections 2024: Modi’s alliance to win big, exit polls project

Exit polls project BJP-led alliance to win 350+ of 543 seats in India’s general elections

Nvidia To Report Quarterly Earnings

Nvidia set to overtake Apple as world’s second-most valuable company

Nvidia became the fastest company to grow from $1tn to $2tn in 2024

Boeing 737 max- boeing

Boeing can’t boost 737 MAX production yet: US FAA

FAA Administrator Mike Whitaker said he did not expect Boeing to win approval to increase production of the MAX imminently

Donald Trump

Donald Trump found ‘guilty’ in hush money case: A timeline of the historic conviction

Donal Trump has become the first US President to be convicted of a crime and faces sentencing on July 11

EGYPT CHINA TALKS

Egypt, Bahrain, Tunisia leaders head to China

The discussions are expected to address the Israel-Gaza conflict, the Palestinian issue, and a potential free trade agreement between China and Gulf states

BYD CARS

BYD unveils new hybrid tech as battle with rivals heats up

BYD, which has been accelerating its international expansion, still trails multi-branded automakers such as Toyota, Volkswagen, General Motors and Stellantis, in sales

yacht - 5-Royal-Huisman-Project-406-SPECIAL-ONE-by-Guy-Fleury-1cp_resize

All about Special One: World’s longest sportfishing yacht and its Saudi connection

The superyacht has been described as a sportfisher on steroids with a long flaring bow of a typical American sportfish boat

Interview with Stuart Henwood, head of New Balance MENA and India

New Balance’s Stuart Henwood showcases the brand’s legacy, collabs and regional growth

The general manager of New Balance MENA and India shares the factors driving the activewear brand’s growth in the Middle East and its growing appeal among regional customers

Gold

Gold set for first weekly fall as US rate cut bets retreat

Traders’ bets signalled growing doubts that the Fed will cut rates more than once in 2024

nvidia-jensen-huang

Nvidia announces 10-for-1 stock split after post-earnings $200bn rally

Nvidia’s lead in the AI boom already has made it the most popular stock among individual investors over the past year

DUBLIN, IRELAND - MAY 22: Three leaders of the coalition government - Irish Prime Minister (Taoiseach) Simon Harris (C), Irish Tanaiste Micheal Martin (R) and Irish Minister for Environment, Climate, Communications and Transport, Eamon Ryan (L) - hold a press conference at Government buildings in Dublin, Ireland on May 22, 2024. Ireland is to formally recognize the state of Palestine, Taoiseach Simon Harris has announced. (Photo by Mostafa Darwish/Anadolu via Getty Images)

Ireland, Norway and Spain recognise state of Palestine

The countries have argued that a two-state solution is essential for lasting peace in the region

Singapore Airlines Flight SQ321 at Bangkok Airport

Singapore Airlines horror as one dead, over 70 injured due to turbulence

Singapore Airlines did not immediately say what type of turbulence was involved

UAE's AI PUSH

UAE, US to seal more AI deals through strategic partnership: UAE AI minister Al Olama

The UAE, led by government-backed firm G42, is pushing to burnish its AI framework as it diversifies away from oil

Dell Xps14-x

Dell deepens AI push with new PCs

Dell’s AI-capable PCs will come with the Qualcomm Snapdragon X series chips

Air India-A350-VT-JRI

Air India launches A350 on Mumbai-Dubai route: Full details

The route will offer fliers the option to choose from three class cabins and will fly on 1 of 3 daily services

Oil August 1

Oil prices up after US economic data strengthens rate cut expectations

Equities, which tend to move in tandem with oil prices, rose on the rate cut hopes, with the Dow reaching an all-time high of 40,000 for the first time

Egypt-ras al-hekma-UN-HABITAT

Egypt receives second payment of $14bn from UAE

The deal with Abu Dhabi sovereign fund ADQ to develop the peninsula 200 km west of Alexandria includes a total of $35bn in investments

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

All that was announced at Google I/O 2024: Trillium chip, Imagen-3, Veo and more

Among Google’s latest salvos was an addition to its family of Gemini 1.5 AI models known as Flash, an upgrade to its image-to-text offering Imagen and an AI model that creates high definition videos

OpenAI Chat GPT-4o

GPT-4o: OpenAI unveils new AI model as race heats up

Paid users of GPT-4o will have greater capacity limits than the company’s free users

JAIS Visual

Core42 launches Jais Chat: An Arabic-English AI chatbot

At its core lies Jais 30B, touted as the world’s most performant Arabic Large Language Model

OpenAI Sam Altman

OpenAI to announce ChatGPT product improvements

Worldwide traffic to ChatGPT’s website has been on a roller-coaster ride in the past year and is only now returning to its May 2023 peak

Oracle - Morocco

Oracle expands footprint in Morocco with new investments in R&D

An estimated 40 percent of the new positions will be located outside Morocco’s regions of greater Casablanca and Rabat-Salé-Kenitra

Egypt

Egypt: Foreign debt up $3.5bn in Q4 2023; inflation slows to 32.5% in April

Egypt promised the IMF in the March agreement it would resume tightening if necessary to prevent further weakening of its economy

Ipad-Pro-Apple

All you need to know about Apple’s newest iPad Pro

Apple said the iPad Pro – its highest-priced model – will have upgraded displays and start at $1,000

EMIRATES-a350-aerial-atm2024

Mega upgrade: Emirates announces 9 destinations for new A350 aircraft

From Edinburgh in the UK to Ahmedabad in India, Emirates will be introducing its new A350 across a host of routes

Egypt-GettyImages-520265584-e1703142282632

Egypt braces for second summer of power cuts as gas supplies dwindle

Power cuts are hurting Egypt’s small businesses that play a crucial role in an economy where growth has slowed