Business

Will Young Developers Carry the Torch for Open Source?

The open-source world is at a crossroads. Many of its founding pioneers are aging, leaving a critical question: Who will step up to sustain and evolve these important projects?

DeepSeek: Is China About to Take Over AI?

For years, the US has ruled AI—but that might be changing fast. A new Chinese AI app, DeepSeek, has stormed onto the scene, shaking up the entire industry

Sobha Realty Awards Dh150 Million Bonus to Employees for 2024

Sobha Realty awards a Dh150 million bonus to its staff in December 2024. This marks the second consecutive year of million-dirham bonuses for employees as part of the company’s recognition of their ha...

Mashreq Completes $385 Million Stake Sale of Neopay

Mashreq Bank completes the $385 million sale of a majority stake in Neopay to Arcapita and DgPays consortium, marking a significant milestone in the platform’s growth.

Saudi Arabia’s PIF Secures $7 Billion in Credit Facility

Saudi Arabia’s PIF secures $7 billion through its first Murabaha credit facility, marking a significant step in diversifying funding sources for transformative investments globally.

AI Focus: Microsoft to Invest $80 Billion by 2025

Microsoft has revealed a ground-breaking investment strategy, allocating almost $80 billion to the development of AI-enabled data centers over the current fiscal year, which ends in June 2025. This si...

Severe Weather Disrupts Flights and Causes Cancellations at European Airports

Across Europe, severe winter weather has caused massive airport disruptions and aircraft cancellations, especially in Germany, the Netherlands, and the United Kingdom. Thousands of travelers are left...

Saudi Main Index Closes at 12,069 with Mixed Sector Performances

Saudi Arabia’s TASI closes at 12,069. Highlights include corporate deals, sector performances, and top gainers like Saudi Reinsurance and Salama Insurance.

Apple Offers iPhone Discounts in China as Competition Intensifies

Given the fiercer competition in the smartphone market, Apple's plan to give steep discounts on iPhone models in China is creating headlines. Apple will offer up to 500 yuan (about $68.50) off on its...

Truth Revealed - O! Millionaire Oman is Real or Fake

O! Millionaire offers a chance to win up to AED 100 million while supporting environmental conservation. Learn how the lottery works, the winning opportunities, and inspiring stories from real-life wi...