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Business Profiles
Google Canada starts layoffs as parent company cuts 12,000 workers globally
Google sent layoff notices on Monday to affected Canadian employees after its parent company Alphabet announced earlier this year it was cutting 12,000 of its global workforce.…
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Bard: Google launches ChatGPT rival
Google is launching an Artificial Intelligence (AI) powered chatbot called Bard to rival ChatGPT.
Bard will be used by a group of testers before being rolled out to the public…
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China To Launch Market-Making Business On Bond Markets
China’s securities regulator announced on Friday that it will begin market-making business on its exchange bond market on February 6 in order to improve the market’s functions.…
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South Korean Firm Kakao Corp. To Acquire 9.05% Stake In SM Entertainment
Kakao Corp of South Korea announced on Tuesday that it will acquire a 9.05 percent stake in SM Entertainment, the entertainment agency behind K-pop acts such as NCT and Aespa, for…
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Oracle to open third public cloud region in Saudi Arabia
The new region in Riyadh is part of the company’s planned $1.5bn investment to expand cloud infrastructure in the kingdom
Oracle has announced plans to open a third public cloud…
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Saudi Arabia, Oman sign executive programme to enhance ICT infrastructure
The programme will boost cooperation to enhance telecommunication and information technology infrastructure, and high-speed digital interconnection for data exchange
Saudi…
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Saudi Arabia’s National Housing Company Announces Al-Fursan Suburb Project
The project will include more than 50,000 residential units for more than 250,000 people
Saudi Arabia’s National Housing Company has announced the largest new residential suburb…
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Etihad Cargo crosses operational performance targets in 2022
Etihad Cargo maintained a delivered-as-promised rate of 86.6 per cent, a 2.6 per cent improvement compared to the previous year
Etihad Cargo has reported that it exceeded its…
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WhatsApp Business to get more expensive. Will it lead to less spam?
Businesses are currently charged a flat Rs 0.48 per conversation; however, beginning June 1, 2023, they will be charged based on the category of the conversation.
WhatsApp is…
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Vedanta picks up David Reed as chief executive of semiconductor business
Reed was previously at NXP Semiconductors and GlobalFoundaries where he was Executive Vice President and General Manager of global operations.
Vedanta Ltd on February 6…
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