Category: Business

The Sultanate of Oman’s overall oil exports during the first half of 2024 increased by 0.3 percent to stand at 153,362,300 barrels. The average price of a barrel was USD 82.2. Oil exports constituted 84.6 percent of the total volume of oil production,…

ABU DHABI: Net international reserves of UAE banking sector rose by 8 percent or AED 91 billion in the first five months of the year to reach AED 1.236 trillion by end of last May from AED 1.145 trillion by the end of last year, according to the Month…

Doha: Qatar Oman Investment Company (QOIS), a Qatari Public Shareholding Company, has achieved a net profit of QR 1.3 million in H1 of 2024, against losses of QR2.5 million recorded during the same period of the previous year.

According to data relea…

RIYADH: Emirates NBD has opened a new branch in the King Abdullah Financial District (KAFD). In line with Emirates NBD’s strategic expansion plan, the new branch consolidates the bank’s presence in the Kingdom, extending its diverse range of services …

Oil prices hovered at an eight-month low on Tuesday, as concerns over a US recession and the impact of conditions in the Middle East on supplies persist.

Brent crude futures fell 4 cents, or 0.1 percent, to USD76.77 a barrel, while West Texas Interme…

JAKARTA: Indonesia’s economy grew slightly more than 5.0 percent in the second quarter as the deceleration in government spending growth was offset by household consumption and investment.

Gross domestic product grew 5.05 percent on a yearly basis co…

Japan’s yen hit its highest levels against the dollar since January on Monday, as markets extended moves triggered last week after weak US labor data stoked recession worries and expectations of deeper rate cuts by the Federal Reserve.

The dollar ind…

ABU DHABI: The latest JAIS large language model (LLM), JAIS 70B, was released today by Inception, a G42 company specialising in the development of advanced AI models and applications, all provided as a service.

A 70 billion parameter model, JAIS 70B …