Oil prices rise slightly… Brent crude is above $79
During today’s trade, Thursday, July 20 (2023), oil prices edged higher in light of uncertainty over demand and profit-taking measures in an effort to recoup losses in the previous session.…
“Mastar” completes issuance of green bonds worth $ 750 million
Abu Dhabi Future Energy Company (Mastar) announced the completion of the first issue of $750 million unsecured green bonds with a tenor of 10 years. Subscriptions registered a record volume…
Meta makes its AI model widely available
On Tuesday, Meta made its language model Llama 2 freely available to companies and researchers under the “open source” method (free access to the programming code), a strategic decision that…
Meta is making its artificial intelligence model Lama 2 available for free to companies and researchers
Normal July 19, 2023 2:11 PM Meta is making its artificial intelligence model Lama 2 available for free to companies and researchers On Tuesday, Meta made its language model Llama…
Oil rises on China’s pledge to support economy and dwindling supply Reuters
© Reuters. Two oil pumps in Texas, US, in a Reuters archive photo. TOKYO (Reuters) – Global oil prices rose on Wednesday on China’s pledge to support economic growth, Russian…
What does falling consumption mean for the Chinese economy?
Personal Deflation fears are imposing themselves on the Chinese economy While central banks in developed countries struggle to combat rising inflation, China faces the opposite problem: The world’s second-largest economy…
Chinese conglomerate Evergrande reported a loss of $113 billion over two years
Chinese real estate giant Evergrande on Monday reported a net loss of more than $113 billion in 2021 and 2022 and debt of about $340 billion. In a statement, Evergrande…
Saudi Arabia’s oil exports hit a 19-month low in May
Saudi Arabia’s crude oil exports fell to a 19-month low, data from the Joint Ventures Data Initiative (JODI) showed, as cheaper Russian oil attracted some key Asian buyers. (Image –…
“R.Evolution” launches its first residential project in UAE “Eva”.
It sets new standards for 21st century buildings in Dubai “Ewa” is uniquely located in the commercial bay on the banks of the Dubai Water Canal, and comprises 48 residential…
Bloomberg: Middle East wealth flows to China amid concern over future of partnership with Washington
The oil-rich Gulf states, concerned about the future of their long-standing security partnership with the United States, are seeking to leverage their wealth to deepen ties with China.Bloomberg“. Seven months…
