Business

Nvidia shares sink as Chinese AI app DeepSeek spooks markets

Nvidia shares sink as Chinese AI app DeepSeek spooks markets

Chinese AI DeepSeek's low-cost model sparked US/EU tech stock crash, Nvidia down 16.9%. DeepSeek temporarily limited registrations due to cyberattack.

UAE inks $6 billion investment deal to establish development projects in Georgia

UAE inks $6 billion investment deal to establish development projects in Georgia

UAE & Georgia sign deal for $6B investment in Georgia by Emaar. Focus on trade, energy & development. Discussions on regional peace & future ties.

Davos 2025: Trump promises “the largest tax cut in American history”

Davos 2025: Trump promises “the largest tax cut in American history”

Trump at Davos: tax cuts, energy boost, oil price cut for Ukraine war. Pope urges ethical AI. Milei cites Argentina as economic model. UAE reaffirms global role.

RAKEZ welcomes over 13,000 new companies in 2024, marking impressive 66 percent growth

RAKEZ welcomes over 13,000 new companies in 2024, marking impressive 66 percent growth

RAKEZ attracted 13,141 new firms in 2024, a 66% increase from 2023. Now home to 30,000 companies, RAKEZ is a global business hub. Top sectors: trading, e-commerce, consulting.

Fed to hold interest rates steady as Trump calls for lowering borrowing costs

Fed to hold interest rates steady as Trump calls for lowering borrowing costs

The Fed is expected to pause rate cuts after this week's meeting. Trump's policies and calls for lower rates could influence future Fed decisions. Inflation is easing.

Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council

Saudi Arabia Crown Prince, Italy Prime Minister ink agreement to establish Saudi-Italian Strategic Partnership Council

Saudi Crown Prince met Italian PM Meloni in AlUla, establishing a strategic council. 26 MOUs signed for cooperation, focusing on tech, energy, and tourism.