Mustafa_Suleyman - Microsoft AI

Meet Mustafa Suleyman, Microsoft AI’s new CEO

Suleyman will bring under one roof Microsoft’s consumer AI efforts such as its Copilot chatbot and the new Bing browser that uses the technology

EFG Hermes exit Oman

Egypt’s EFG Holding notches up record revenues

One of Egypt’s biggest banking and investment firms has recorded that its net profit after tax and minority interest rose 39 per cent year-on-year

Egypt

Egypt’s credit outlook upgraded to positive by S&P amidst foreign investments

Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence

Nvidia unveils flagship AI chip, the B200, aiming to extend dominance

Nvidia unveils world’s most powerful AI chip

Nvidia’s new flagship chip, called the B200, takes two squares of silicon the size of the company’s previous offering and binds them together

Tokyo

Bank of Japan has ended 8 years of negative interest rates

The Bank of Japan ended eight years of negative interest rates and other remnants of its unorthodox policy at the conclusion of its two-day policy meeting

How Spain’s Decocer is taking quality ceramic fashion global

Decocer’s International Sales Manager, Verónica Obrero, explains her company’s approach as well as the value it can bring to clients and customers in the Middle East

hijri islamic new year

Eid Al Fitr 2024 likely date predicted by UAE astronomers

According to the latest calculations based on the Islamic astronomical calendar, the month of Ramadan is expected to be a 30-day one

Red Sea - MAERSK

Hapag-Lloyd to seek cost cuts in 2024 as Red Sea crisis hits profit margins

Habben Jansen said the Red Sea crisis had rather enforced route changes

McDonald’s suffers global tech outage

The outage seemed to be have impacted customers in Australia, Japan, Hong Kong, New Zealand and the UK as well

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

Egyptians remit more money home after devaluation

The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund

Sanjay Shah

Denmark begins court trial against Sanjay Shah in fraud case

Anthony Mark Patterson, who is seen as Shah’s closest accomplice, was in February sentenced to eight years in prison in Denmark’s first criminal cum-ex trial

Boeing

Passengers flung to roof as Boeing 787 to Auckland plunges mid-flight

Plane maker Boeing is coming under further scrutiny following yet another incident with one of its planes, this time on a flight from Sydney to Auckland

UAE President receives Egypt President photo Wam

S&P upbeat on Egypt rating after $35bn UAE deal

Moody’s on Thursday affirmed its CAA1 rating but changed its outlook on Egypt to positive citing significant official and bilateral support

Boeing 737 max- boeing

More trouble for Boeing as FAA audit finds dozens of issues in 737 MAX production: Reports

Reports say that Boeing failed a check which dealt with the component that blew off the Alaska Air jet

UAE - GREECE

UAE-Greece talks: Masdar, Mubadala expand partnership

Trade volumes between the UAE and Greece surged by 6.2 per cent during the first nine months of 2023, underscoring the resilient bilateral economic relations

Gold

Gold rally hits pause ahead of US inflation data

Gold set a record peak of $2,194.99 for the fourth straight day on Friday after data signalled a cooling US labour market

TikTok

US could ban TikTok within weeks

The app is popular and getting legislation approved by both the House and Senate in an election year may be difficult

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

How big are Egypt’s economic challenges?

As many as 60 per cent of Egypt’s 106 million citizens are estimated to be below or close to the poverty line

Poland

Top 5 must-visit destinations in Poland: Uncover the hidden gems of Eastern Europe

Whether you’re an adrenaline junkie or seeking a cozy winter retreat, Poland is a destination that promises unforgettable memories

A recap of MWC 2024: The weird and the wonderful gadgets on display

From flying cars to gadgets that look like jewellery, the MWC 2024 saw tech companies showcase a range of futuristic concepts

shipping

Risk is the new normal in ocean shipping as Red Sea tensions reign: Experts

The Red Sea tensions have spurred cargo delivery disruptions and soaked up excess vessel capacity, raising global shipping costs

Italy Trade Commissioner

Italian Trade Commissioner on why the UAE loves ‘Made in Italy’

Highlighting the positive trends in the market, Soldani underscores the opportunities for trade and cooperation between the two countries

Geopolitical tensions to complicate WTO deal-making in Abu Dhabi

4 key outcomes from WTO negotiations in Abu Dhabi

Talks ended at the WTO Abu Dhabi meeting after five days of negotiations which didn’t see breakthroughs on key topics

Tech Mahindra - MWC 2024

Tech Mahindra’s successful outing at MWC 2024 with key signings

From signing on new clients to displaying its expertise in the green transition, Tech Mahindra made the most of its time in Barcelona

Huawei at MWC 2024

Huawei looks to entrench wearable dominance at MWC 2024

Huawei’s showcase at MWC 2024 is a glimpse into the tech giant’s capabilities in delivering high-end, fashion-forward, technology-driven products

Malaysia eyes sealing free trade deal with UAE by June

Amid the agreement, Malaysia hopes that the UAE will invest in its energy, digital economy, electric vehicle and chip sectors

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

Bard was rechristened as Gemini earlier this month and Google rolled out paid subscription plans

Nvidia

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

Nvidia stock has gained more than 30 per cent so far this year as it jockeys with Amazon.com and Alphabet for a spot among the most valuable companies

Running on empty: Are you ready for the burnout crisis?

As organisations confront the existential challenge of burnout amidst the perma-crisis of 2024, it is imperative for businesses to prioritise employee well-being

nvidia-jensen-huang

Nvidia’s expected earnings is shaking up the options market

Nvidia is expected to post earnings of $4.56 a share, and a rise in quarterly revenue to $20.378bn