by Jennifer George | October 13, 2024 | Coverage, Cryptocurrencies, Currencies, Economy, Financial Services, Fintech, Gitex 2024, Industry, News, Startups, Technology
GITEX GLOBAL, the world’s largest tech and startup event, takes center stage in the UAE next week with this year’s 44th edition destined to redefine the world’s digital economy and AI ecosystem. Held at Dubai World Trade Centre (DWTC) from 14-18 October, the...
by Jibran Munaf | October 13, 2024 | Fintech, Technology
Nvidia (NASDAQ: NVDA), the AI chip titan, now faces a fresh challenger. Cerebras, a rising star in the artificial intelligence chip space, has filed for an initial public offering (IPO) and claims its chips can outperform Nvidia’s by up to 20 times. Nvidia has...
by Jibran Munaf | October 13, 2024 | Automotive
China’s passenger vehicle sales rose 4.3% in September, breaking a five-month streak of declines, driven by government subsidies aimed at boosting trade-ins as part of a larger economic stimulus package. The growth was powered entirely by sales of electric...
by Jibran Munaf | October 12, 2024 | Aviation
Boeing is set to cut approximately 17,000 jobs, accounting for 10% of its workforce, as the company faces mounting losses amid a prolonged machinist strike that has halted operations at its aircraft factories for nearly five weeks. Additionally, the manufacturer has...
by Jibran Munaf | October 12, 2024 | Aviation, Corporate Finance
India’s Adani Group is in discussions with a Middle East-based sovereign wealth fund (SWF) to raise up to $1 billion for its airports business, according to a report by Economic Times. The capital raise will be carried out in two phases, with the first round of funds...
by Jibran Munaf | October 12, 2024 | Real Estate
Abu Dhabi’s leading real estate developer Aldar has partnered with Expo City Dubai to unveil a AED1.75 billion mixed-use project, comprising residential, office, and retail spaces. The development is located near Al Maktoum International Airport and the Dubai...
