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Economy Middle East Summit
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Technology
AI tech search query surges 500% in last 12 months
Propelled by success of ChatGPT and Bard
Economy
Debate reignited: Will Fitch downgrade impact the U.S. dollar’s global dominance?
Fitch downgraded the U.S. by one level from AAA to AA+
Technology
Mobile dominance could drive global gaming market towards $212 bn by 2026
Revenue surge predicted to reach $7.2 bn in the Middle East
Energy
Oil prices ease back from recent highs on increased U.S. inventory, economic concerns
Brent Crude slipped slightly from recent highs, settles at $87.59 per barrel
Banking & Finance
U.S. banks: The issue is far from resolved
Losses stemming from the most significant non-performing loans in three years
Health
Will emerging COVID strain, Eris, reignite pandemic?
Numbers show that Eris accounts for 14.6 percent of COVID cases
Energy
World proven crude oil reserves soar by 17 bn barrels, reaching 1.564 bn
Saudi renews support for OPEC+ precautionary measures
Banking & Finance
Moody’s, Italy shake up banks… and fear of new disruptions
The agency lowered the rating of 11 American banks and placed major banks under review
Economy
Central banks boost gold reserves amid economic uncertainties
387 tons of gold bought in H1 2023
Economy
BRICS summit 2023: Dates, location, discussions and attendees
No immediate plans for BRICS common currency?
Banking & Finance
Gamer Pakistan IPO coincides with Esports rage and UAE interest
Market boost can bring more attention to burgeoning industry,
Economy
Expected U.S. and Chinese inflation data weigh on market performance
Will U.S. inflation figures regain their upward pace?
Health
New hope against malaria as breakthrough bacteria discovered
Naturally occurring bacteria can greatly reduce malaria parasite in mosquitoes
Economy
Bank of England raises interest rates by 25 basis points
This marks the highest level since early 2008
Energy
OPEC+ meeting on Friday, no changes in production
USA on the verge of experiencing its largest decline in oil inventories
Economy
Fitch downgrades the U.S. credit rating to AA+
White House strongly disagrees with this decision
Health
Activities that can prevent the onset of dementia
In the MENA region, the number is expected to grow 367 percent, from 3 million to nearly 14 million
Technology
Gartner forecasts worldwide IT spending to grow 4.3% in 2023
Generative AI not yet significantly impacting IT spending levels
Technology
The World Wide Web as we know it is morphing to Web 3.0
The Internet Archive is keeping a memory of main websites alive
Logistics
Global food supply disruptions, scarcity, cause for alarm
A closer look at recent disruptions in the global food supply
Energy
Oil prices set to record largest monthly gains in over a year
Saudi to extend voluntary output cuts, tightening global supply
Technology
Emotion AI is influencing our decision making, purchasing behaviors
AI empathy is also used to deal with mental health issues
Health
Caring for children in anxious times
Around 1 in every 4 people experience mental health issues
Miscellaneous
Saturn’s rings disappearing relatively quickly
The rings extend approximately 282,000 km from Saturn’s center
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