Browsing: Business

Microsoft is to invest $1.5 billion in United Arab Emirates artificial intelligence firm G42, taking a minority stake and a seat on the board, the companies said on Tuesday.

Abu Dhabi-based energy holding Taqa said Wednesday it was in talks to buy the 41 percent stake in Naturgy, Spain’s leading gas supplier, held by investment funds CVC and GIP.

A direct war between Israel and Iran could “substantially” drive prices up, the bank has said in a note cited by CNBC

Colombia is seeking to become a full-fledged member of the BRICS group as soon as possible, and Brazil will promote its candidacy, according to a joint statement from the leaders of Brazil and Colombia, published after their meeting in Bogota on Tuesday.

A move away from conducting financial transactions through Western payment systems, including SWIFT, is vital for Russia and its trading partners, the head of the country’s second-largest lender has said.

The company’s ‘future prospects are positive’, and it is expected to continue its strong financial performance supported by strong operational performance and higher commodity prices

Deputy Prime Minister and Foreign Minister Ayman Safadi and EU Commissioner for Neighbourhood Policy and Enlargement Oliver Varhelyi on Tuesday discussed the Jordanian-European partnership

The program, according to a SAMA press release, is an apprenticeship that aims to employ and develop local investment professionals

Honey production has also seen a notable rise, reaching 3,120 tons annually in 2023, a 41% increase compared to 2021

BEIJING/SINGAPORE – Carbon capture, utilisation and storage (CCUS) is unlikely to play a major role in decarbonising the global steel industry due to low capture rates, high costs and a track record of underperformance, a think tank said in a report on Wednesday.