Market jitters – Bitcoin halving sparks investor unease
Bitcoin's trajectory resembles a turbulent rollercoaster ride as the looming prospect of the Bitcoin "halving" event casts a shadow over the market. Following Hong Kong's...
Tag : investment
Microsoft’s $1.5 billion boost – G42 and AI partnership goes global
In a move set to galvanize the landscape of artificial intelligence (AI) development, Microsoft has announced a hefty $1.5 billion investment in G42, the foremost...
ADB projects India’s economy to grow steadily by 7% in FY2024
The Asian Development Bank (ADB) has revised its projection for India's gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid...
Bitcoin surge spurs daily influx of 1,500 millionaire wallets
Bitcoin's meteoric rise is fueling a surge in crypto wealth, with over 1,500 new millionaire wallets being minted daily, according to a report by Kaiko...
UAE and Sierra Leone presidents meet to boost bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan engaged in discussions today with Julius Maada Bio, President of the Republic of Sierra Leone, aimed at...
Economic pressures and AI shift lead to layoffs at Dataminr
In an unexpected turn of events, Dataminr, a leading big data enterprise valued at $4.1 billion, announced a significant reduction in its workforce. The New...
SK Telecom seals $100 million AI alliance with Anthropic
SK Telecom Co., South Korea's premier wireless service provider, announced a strategic $100 million investment in U.S.-based artificial intelligence (AI) powerhouse, Anthropic. This move underscores...
Historic meeting between UAE and Egyptian presidents highlights cooperation and investment
During a special visit to the historic city of El Alamein, President Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates and Egyptian...
Masdar and Iberdrola partner to invest in German offshore wind farm
Masdar and Iberdrola have entered into a strategic agreement to co-invest in Baltic Eagle, a 476-megawatt (MW) offshore wind farm situated in the German Baltic...
UAE’s aviation sector soars: 31.8 million passengers in Q1 2023
The Central Bank of the UAE (CBUAE) has announced in its recent Quarterly Economic Review that UAE airports welcomed a whopping 31.8 million passengers in...