OpenAI raises $40bn at valuation of $300bn
The funding news came the same day the Microsoft-backed company announced it was building a more open generative AI model Source: Arabian Business Industry News (ITP.NET)
News
Saudi Arabia’s Jameel Motors enters South Africa as Changan car distributor
Saudi car dealer will launch sales of electric SUV, pickup trucks and sedans in South Africa Source: Arabian Business Industry News (ITP.NET)
Elon Musk’s SpaceX launches first private astronaut crew in polar orbit
Crypto entrepreneur Chun Wang is bankroller and commander of SpaceX mission Source: Arabian Business Industry News (ITP.NET)
India receives over $100bn remittances for three consecutive years
India, Mexico and China lead global remittance inflows Source: Arabian Business Industry News (ITP.NET)
Donald Trump to visit Saudi Arabia, UAE and Qatar
US President Donald Trump plans to visit Saudi Arabia, UAE and Qatar as early as May Source: Arabian Business Industry News (ITP.NET)
Saudi Arabia’s capital markets regulator approves flynas IPO
Saudi Arabia’s flynas is reportedly going ahead with plans to sell a 30 per cent stake in IPO Source: Arabian Business Industry News (ITP.NET)
UAE has signed 26 deals since launching CEPA scheme amid $1.1tn trade target
UAE Comprehensive Economic Partnership Agreement programme is driving trade and boosting the economy Source: Arabian Business Industry News (ITP.NET)
Dubai real estate sector recorded $4.15bn of transactions last week, including pair of luxury $16.8m Palm Jumeirah apartments
The Dubai real estate sector saw $4.15bn of transactions and 3,531 sales last week Source: Arabian Business Industry News (ITP.NET)
UAE petrol prices to drop sharply in April 2025
UAE petrol prices fell slightly in March following an increase in February Source: Arabian Business Industry News (ITP.NET)
Dubai real estate: Property market records 35.5% surge transactions as off-plan market draws global investors
Dubai’s off-plan market continues to perform strongly in early 2025, attracting a more diverse range of international investors Source: Arabian Business Industry News (ITP.NET)