How Gulf companies can succeed if boardrooms overcome fear of AI adoption
For many Gulf companies, artificial intelligence solutions are failing to catch on not because of some weakness in the technology, but because corporate leaders are…
Category: FINANCE
BYD shares slide as China’s EV price war hits profits
Shares in Chinese electric vehicle maker BYD slid by as much as 8% on Monday after it reported a drop in profit because of a…
Egypt’s GDP Grows 4.5% in 2024-25
Egypt’s real gross domestic product grew by 4.5% in the 2024-25 financial year, up from 2.4% the previous year, Finance Minister Ahmed Kouchouk said on…
China Manufacturing Shrinks for Fifth Straight Month in August
China’s manufacturing activity shrank for a fifth straight month in August, an official survey showed on Sunday, suggesting producers are waiting for further clarity on…
ECB’s Lagarde Warns of Risk to World Economy Via Trump Interference on Fed
If US President Donald Trump removed Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook, then this would represent a “very serious danger for…
Türkiye Economy Grew 4.8% in Q2, Above Expectations
Türkiye’s economy grew by 4.8% in the second quarter, above expectations despite a prolonged monetary tightening effort, official data showed on Monday. Second-quarter gross domestic…
Gold Scales Four-month Peak, Silver at 14-year High
Gold hit a more than four-month high on Monday as US Federal Reserve interest rate cut bets this month and a softer dollar heightened bullion’s…
HUMAIN Launch ‘Allam’ First Arabic AI Foundation Model
In a bold move reflecting Saudi Arabia’s rapidly accelerating digital transformation, tech company HUMAIN is preparing to launch “Allam” – a foundational artificial intelligence model…
Gold Rises on Increasing Fed Rate-cut Bets, Weaker Dollar
Gold rose on Wednesday as expectations of a US Federal Reserve interest rate cut in September gained traction following mild inflation data, while a weaker…
Egypt Signs $1 Bln Deal with China’s Sailun Group for Tire Factory
Egypt has signed a deal with China’s Sailun Group to build an automotive tire factory in the Suez Canal Economic Zone, with total investments of…