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SoftBank Vision Fund posts $7.2bn loss report as tech startups evaluation plunge

The core Vision Fund division of SoftBank Group reported a $7.2 billion quarterly loss as…

Abu Dhabi-based G42 Cloud partners with SAP to enhance digital transformation of the public sector

An deal between the German software giant SAP and G42 Cloud, a division of the…

Tron founder Justin Sun ready to provide financial assistance to FTX

According to a tweet from a Bloomberg News reporter on Friday, Justin Sun, the creator…

Meta prepares to face revenue decline consequences, cutting 11,000 jobs

According to its founder and CEO, Meta, the parent company of Facebook and Instagram, is…

Crypto market trembles as FTX gets ready to file for bankruptcy unless $4bn emergency cash injection

Sam Bankman-Fried informed FTX.com investors on Wednesday that the company would have to declare bankruptcy…

IBM launches its most powerful quantum computer ever

The Osprey, a 433-qubit machine with three times as many qubits as the Eagle machine…

3M establishes new regional headquarters in Dubai

3M has relocated its regional headquarters to Dubai Internet City, the largest technological hub in…

ToYou joins Saudi giant payment infrastructure provider Geidea

ToYou’s customer journey just got better. The delivery super app has joined forces with Saudi…

Dubai’s Nakheel receives $4.6 bn to fund expansion

The developer of Dubai’s The Palm Jumeirah, Nakheel, has obtained Dh17 billion ($4.6 billion) in…

Creative Zone announces partnership with Global Possibilities

In order to support Creative Zone’s expansion into important international markets and assist other foreign…