Thailand’s Revenue Still Below Pre-Covid Levels as Fiscal Risks Mount
The government's revenue collection remains below the pre-Covid period and lower than that of emerging economies, according to the Fiscal…
Companies & Startups
Demis Hassabis on AGI’s Gradual Rise, OpenAI, and the Road Ahead — MWC 2024
TechTarget and Informa Tech have joined forces to create a powerful, expansive knowledge ecosystem designed to serve technology buyers, strategists, and practitioners with trusted, objective insights. The consolidation brings together TechTarget and Informa Tech’s Digital Business, knitting a vast network that spans more than 220 online properties and covers more than 10,000 granular topics. This…
Business
Trade & Investment
Bridging the Generational Gap to Align Saudi Arabia’s AI Ambitions
Saudi Arabia is charting an assertive course in artificial intelligence, signaling a future where AI investment and deployment become central to its economic strategy. The kingdom has publicly embraced an ambitious plan to assemble a $40 billion AI investment fund, a moveset designed to position Saudi Arabia as a global hub of AI development, innovation,…
Warba Bank to Acquire Alghanim Trading’s 32.75% Stake in Gulf Bank in $1.62 Billion Deal
Warba Bank’s move to acquire a significant stake in Gulf Bank signals a notable shift in Kuwait’s banking landscape, combining strong regional players into a more consolidated platform. The deal, valued at $1.62 billion (KWD498.2 million), covers Alghanim Trading’s 32.75 percent stake in Gulf Bank. The transfer of shares will proceed once the necessary regulatory…
Bridging Generations to Realize Saudi Arabia’s AI Ambitions Through Training
Saudi Arabia is pursuing a sweeping artificial intelligence vision anchored by a proposed $40 billion investment fund and a clear aim to position the kingdom as a global leader in AI. Yet the path from ambition to execution is inherently complex. Across many Saudi organisations, AI programmes are still in early stages, and only a…
Warba Bank to Acquire 32.75% Stake in Gulf Bank in $1.62 Billion Deal
Warba Bank’s move to acquire Gulf Bank’s stake marks a significant consolidation in Kuwait’s banking sector, signaling a broader trend of strategic reshaping among major lenders. The deal involves Warba Bank agreeing to purchase Alghanim Trading’s 32.75% stake in Gulf Bank for $1.62 billion (KWD498.2 million). The share transfer will only be completed after securing…
Finance
Popular News
Trends & Analysis
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Cover Story: Has Sapura Energy’s worst truly ended, or is worse yet to come?
Sapura Energy Bhd has been the focus of renewed scramble and reassessment as it moves…
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Alliance Bank shares tumble over 8% as investors balk at RM600m rights issue amid dilution concerns despite capital-boosting plan
A proposed RM600 million rights issue pushed Alliance Bank Malaysia Bhd’s shares lower in early…
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Ho Hup Construction and Sunrise Model Reach Amicable Settlement as High Court Strikes Out Petition
Ho Hup Construction Bhd and Sunrise Model Sdn Bhd have reached an amicable settlement after…
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1MDB-Tanore trial: Najib says his leadership rejects work-in-silo culture and promotes collaboration
Najib Razak, the former Malaysian prime minister, took the stand to present a defense centered…
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Bandar Malaysia Sale Leads 2024 Top Property Deals as Data Centers and Malls Dominate
Malaysia’s property market in 2024 finished with notable momentum, marked by record deal sizes, a…
Inflation Triggers a Stock Market Sell-Off: What It Means for Your Portfolio
All broader stock market indexes closed lower today with the tech-heavy Nasdaq Composite falling the most. Are the tides turning?…
Prosus Shares Plummet After €4.1 Billion Just Eat Takeaway Acquisition
Prosus intends to acquire all Just Eat Takeaway. com’s shares for €20. 30 per share cash via the Amsterdam exchange.
AlphaTensor: The First AI System for Discovering Novel, Efficient, and Provably Correct Algorithms – Beginning with Matrix Multiplication
In our paper, published today in Nature, we introduce AlphaTensor, the first artificial intelligence (AI) system for discovering novel, efficient,…
NATO Allies Pledge 5% of GDP for Defense—But Will They Deliver?
NATO meets for its annual summit this week, with allies being pushed and shoved to sharply increase their defense spending…
Johns Hopkins Aramco Healthcare Opens Oncology Center of Excellence in Saudi Arabia, Elevating GCC Cancer Care with Hopkins Expertise in Breast, Colorectal, and Prostate Cancers
The Oncology Center of Excellence is built on Aramco’s decade-long partnership with Johns Hopkins Medicine.
Stable Diffusion Expands into Video Generation with a New Text-to-Video AI Model
Stable Diffusion maker Stability AI has unveiled its first video generation model based on the popular text-to-image system.
Gemini CLI security flaw could let attackers run dangerous commands and exfiltrate data
Beware of coding agents that can access your command window.
Sesame’s Eerily Realistic AI Voice Demo Astonishes and Unsettles Online
Sesame’s new AI voice model features uncanny imperfections, and it’s willing to act like an angry boss.
Gaza famine exposes global shame as starvation becomes a weapon of war
Starvation is the slow, silent unmaking of the body. Deprived of basic sustenance, the body first burns through sugar stores…