Business

Saudi Banks to Increase their Capital Following Record Profits

Saudi banks have recently increased their capital, and five others on the financial market: al-Inma, al-Jazira, al-Bilad, Arab National, and Saudi Investment Bank announced their plans to increase capital, which will contribute to a total increase of $4.5 billion, according to analysts. What prompts banks to increase their capital? The head of asset management at Arbah Capital, Mohamed al-Farraj, indicated that this measure aims to adhere Read More.

Business

GM will resume testing its Cruise self-driving cars on public roads,

General Motors’ troubled robotaxi unit was forced to suspend operations last year after a devastating incident in California After suspending operations last October following a disastrous incident that severely injured a woman in San Francisco, General Motors’ Cruise is reportedly preparing to resume testing its self-driving robotaxis. The company has been in talks with officials in several U.S. cities — including Houston and Dallas — to resume testing its Read More.

Business

UPS cuts 12,000 jobs disappointing

CEO Carol Tomé said 2023 was a difficult and disappointing year and the company is investing in artificial intelligence (AI) to make its operations more efficient. He also invited employees back to the office five days a week. The job cuts are expected to cut costs by $1bn (£790m) this year. UPS, whose operations are seen as an indicator of the health of the broader economy, Read More.

Business

The pursuit of wealth

In the modern world, the pursuit of wealth has become a central theme in the lives of many individuals.Whether driven by financial security, personal fulfillment, or societal expectations, the quest foreconomic prosperity has shaped cultures and economies throughout history. However, the pursuit ofwealth is a nuanced journey that requires a delicate balance between ambition and well-being.People seek wealth for various reasons, often driven by a combination Read More.

Business

Unlocking the Potential: The Untapped Industry of Bamboo

Bamboo, often associated with quaint crafts and traditional architecture, is emerging as a powerhousein the global market, presenting a vast array of opportunities across various industries. This versatileplant, with its rapid growth and eco-friendly properties, has the potential to revolutionize sectors thatrange from construction to textiles, offering sustainable alternatives in an increasingly environmentallyconscious world. One of the most promising aspects of the bamboo industry lies in Read More.

Business

Elon Musk announced the first wireless brain chip implant from Neuralink.

Tech billionaire Elon Musk says his company Neuralink has successfully implanted a single wireless brain chip into a human for the first time.. Initial results showed promising neuronal spikes, or nerve impulses, and the patient is recovering well, he said.The company’s goal is to connect the human brain to computers, and it wants to help treat complex neurological diseases. Several competing companies have already installed similar equipment. BBC News contacted both Neuralink and the US Food and Drug Administration (FDA). The FDA allowed Mr. Musk and 039’s company to test the chip on humans in May, a critical milestone after Read More.

Business

The Blooming Market of Real Estate: Unveiling its Enduring Value

The real estate market has long been a cornerstone of investment and economic growth, offeringindividuals and businesses alike a tangible and enduring asset. In recent years, the market hasexperienced a notable upswing, with various factors contributing to its flourishing status. In this article,we explore the reasons behind the blooming real estate market and delve into its enduring value. Conclusion: The blooming market of real estate is Read More.

Business

AFCON’s Latest Twist Surprises, Triumphs, and Upsets

The Africa Cup of Nations (AFCON) has once again taken the footballing world by storm, delivering aseries of unexpected twists, dramatic encounters, and underdog triumphs that have left fans on theedge of their seats. As the tournament unfolds, it becomes evident that AFCON 2023 is not just abattleground for national pride but a theater of unpredictability. One of the most compelling aspects of this year’s AFCON Read More.

Business

Love Grows Between Two Souls

How does love come about, The Blossoming Symphony Love, that elusive and enchanting force, has captivated the hearts of poets, philosophers, and dreamers throughout the ages. When it comes to the intricate dance of affection between a man and a woman, the journey of love is a kaleidoscope of emotions, experiences, and shared moments that weave the fabric of a profound connection. Let’s embark on a Read More.

Business

Kenya announces an end to G2G oil supply deal

The Kenyan Government is set to exit its Government to Government (G2G) deal that it launched in April 2023. The G2G oil supply deal agreed between Kenya and three national oil exporters from the Gulf was launched by Kenya’s president William Ruto last spring in a bid to stop the free fall of the Kenyan Shilling against foreign currencies.  In a report by the International Monetary Fund Read More.