Browsing: Business

Saudi Arabia has achieved a milestone with 558 million kg of poultry production in H1 2024, a 9% increase from 2023. The growth is attributed to biosecurity and financial support measures.

Meta and Dubai Future Foundation launch the UAE’s first AI accelerator, aiming to connect startups with UAE corporates and drive innovation using Meta’s open-source AI model.

Qualcomm has approached Intel for a potential takeover, though no formal offer has been made. The acquisition could be one of the largest in tech history but faces regulatory scrutiny.

Arab stock exchanges grew to a combined $4.268 trillion in market capitalization in August 2024, according to the Arab Monetary Fund, reflecting a $22 billion increase over July.

Idris Elba fronts the UAE’s ‘Invest in the Emirates’ campaign, which seeks to attract global innovators by showcasing the country’s thriving business environment and support for ventures.

RBI Governor Shaktikanta Das warns that the global debt, now at $315 trillion or 333% of global GDP, poses a serious threat to emerging markets and fiscal stability.

European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging times.

Inflation concerns dampen hopes for significant Fed rate cuts, leading to a downturn in U.S. stocks with the Dow dropping 414 points and S&P 500 faltering.

Belgium has delayed submitting its budget plans to the EU, citing the need for more time due to ongoing government formation talks.

India and the UAE today signed major agreements in nuclear energy, petroleum, and advanced technologies, reinforcing the Comprehensive Strategic Partnership between the two nations.