OpenAI Faces Deadline to Transition to For-Profit Model for $40 Billion SoftBank Deal
OpenAI must transition to a for-profit company by the end of the year to secure its full $40 billion funding…
Tag: Business
Qatar’s Listed Companies Report QR51.18bn in Net Profits for 2024
Qatar’s listed companies on the main market posted a total net profit of QR51.18 billion in 2024, reflecting an 8.7%…
UAE’s Wealth Management Sector Booms Amid Growing Investor Interest
The global wealth management industry is undergoing a significant transformation, with the Middle East—particularly the UAE—emerging as a leading hub…
Global Tensions Rise as Trump Imposes 25% Tariff on Imported Vehicles
Governments around the world have vowed to retaliate after U.S. President Donald Trump announced a sweeping 25% tariff on imported…
Ajman’s Rental Market Sees Record Growth, Attracting More Residents and Investors
Ajman’s real estate sector has witnessed significant growth, with the Ajman Municipality and Planning Department reporting a total rental transaction…
Adnoc Logistics & Services Reports Strong 2024 Performance, Announces $273 Million Dividend
Adnoc Logistics & Services Plc (Adnoc L&S), a global leader in energy maritime logistics, has announced a final dividend of…
Search Funds Emerge as a New Financing Solution for UAE SMEs
Small and medium enterprises (SMEs) remain the backbone of the UAE’s economy, contributing approximately 63.5% to the country’s non-oil GDP.…
India Warns Against Quashing Volkswagen’s $1.4 Billion Tax Bill
The Indian government has strongly opposed Volkswagen’s plea to quash a $1.4 billion tax demand, warning of “catastrophic consequences” if…
Crypto Firm Founder Pleads Guilty to Market Manipulation in U.S.
Boston, MA – Aleksei Andriunin, the founder and CEO of cryptocurrency financial services firm Gotbit, pleaded guilty on Friday to…
Air India Flights Resume After Heathrow Power Outage; Chicago-Delhi Flight Returns Due to Lavatory Issues
Air India announced on Saturday that its flights to and from London Heathrow Airport (LHR) have resumed normal operations following…