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Foreign Direct Investment in Saudi Arabia rises to US$215 billion

RIYADH: Khalid Al Falih, Saudi Minister of Investment, said that the pro-investment measures introduced by Saudi Arabia in recent years include the introduction of the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law and Special Economic Zones. These reforms have helped drive rapid investment growth, with gross fixed capital formation increasing by […]

Less than 20% of Japanese companies using generative AI: survey

TOKYO: Less than 20 percent of Japanese companies are using generative artificial intelligence in their operations, due largely to worries about inadequate internal expertise, a recent survey by a research organisation showed. Kyodo News quoted Teikoku Databank Ltd as saying that concerns about the reliability of generative AI, which has started to gain attention as […]

Elon Musk shuts X operations in Brazil after ‘threat’ from Minister Alexandre de Moraes

Addressing the tussle with Brazil, X said last night, Alexandre de Moraes threatened their legal representative in Brazil with arrest if the platform does not comply with his censorship orders. BRAZIL: X, formerly Twitter has delved further into the terrain of insurmountable uncertainties as the social media platform has decided to shut down its operations […]

RTA builds 20 air-conditioned rest areas for delivery riders

DUBAI: Dubai’s Roads and Transport Authority (RTA) has completed 20 out of a planned 40 air-conditioned rest areas for delivery riders across the Emirate. This initiative aims to improve road safety, enhance the well-being of delivery riders, and reduce road incidents by providing comfortable waiting areas for riders between deliveries. By offering these facilities, RTA […]

Italy, Korea raise mpox alert level

ROME / SEOULK: Italy and Korea has raised diagnostic alert for mpox, noting that the situation is under control. “The epidemiological situation in Italy at the moment is under control as no cases have been ascertained of the new strain (clade I) of mpox”, the ministry said as quoted by Italian news agency (ANSA). “Our […]

8 die as rains, flash flood hit several cities in Pakistan

ISLAMABAD: Eight people, including a woman and a three-year-old child, lost their lives while several others were injured in heavy rains, flash flood and roof collapse incidents during rain across the country on Saturday. The National Disaster Management Authority (NDMA) warned of potential urban flooding due to the combination of heavy rain and strong winds […]

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