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Massoud A Derhally

Massoud A Derhally

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Articles

OpenAI chief executive Sam Altman said the leak of the FTC probe does not help to build trust. Bloomberg
OpenAI CEO Sam Altman 'disappointed' by leak disclosing ChatGPT probe

The US agency has asked the company to name third parties that have access to its large language models, as well as its top ten customers or licensors

TechnologyJuly 14, 2023
Massoud A Derhally
Ronaldo becomes a shareholder in the watch company Chrono24. Photo: Chrono24
Cristiano Ronaldo invests in Chrono24 watch marketplace

The five-time Ballon D’Or winner is an avid collector, with numerous timepieces from Jacob & Co, Rolex, Breguet, Cartier, Franck Muller, Hublot and Van Cleef & Arpels

BusinessJuly 12, 2023
Massoud A Derhally
Dubai's non-oil private sector economy rose to a ten-month high in June. Antonie Robertson/The National
Dubai's non-oil economy hits 10-month high on new business

The purchasing manager's index registers the fastest rise in new business since August 2022 with growth of total activity remaining marked

EconomyJuly 11, 2023
Massoud A Derhally
Riad Salameh has been at the helm of Lebanon's central bank since 1993. AP
Lebanon central bank deputies urge government to appoint new governor

Deputy governors say they will take action if a chief is not named soon as Riad Salameh departs on July 31

EconomyJuly 06, 2023
Deena Kamel
The Corniche in Beirut. Lebanon's economy showed some signs of stabilisation in 2022, but the outlook remains uncertain, according to the IMF. Getty Images
Business conditions in Lebanon at 10-year high as activity and demand rise

June's decade-high purchasing manager's index reading was driven by factors such as new orders, which rose at the second-fastest rate in survey history

EconomyJuly 05, 2023
Massoud A Derhally
A view of Abu Dhabi. Non-oil businesses in the UAE registered the strongest new order growth since 2019 in June. Photo: DCT Abu Dhabi
Non-oil business activity strengthens in Saudi Arabia and UAE

Momentum continues in Arab world's largest economies as new orders rapidly increase

EconomyJuly 05, 2023
Massoud A Derhally
The headquarters of Aldar in Abu Dhabi. Aldar Estates has facilities management contracts valued at about Dh2.5 billion. Victor Besa / The National
Aldar, IHC and Adnec to create largest property and facilities management entity

Tie-up will boost Aldar Estates' portfolio of residential units under management to about 135,000 from 77,000

BusinessJuly 04, 2023
Massoud A Derhally
e&'s T&A building, Abu Dhabi. Khushnum Bhandari / The National
UAE's e& discusses possible partnership with PPF Group

The telecoms company operates in 16 countries across the Middle East, Asia and Africa

BusinessJuly 03, 2023
Massoud A Derhally
A building damaged by a Russian missile in central Kramatorsk, Ukraine. Reuters
IMF approves $890 million funding tranche for Ukraine

Washington-based lender has upgraded country's 2023 growth forecast to between 1% and 3% as domestic demand recovers

EconomyJune 30, 2023
Massoud A Derhally
A vegetable market in Karachi. Pakistan's annual inflation rate increased to a record 38 per cent in May. EPA
Pakistan reaches staff-level agreement with IMF for $3bn in funding

Nine-month arrangement is subject to the approval of the Washington-based lender's board

EconomyJune 30, 2023
Massoud A Derhally
The Dubai Creek. The UAE's economy is forecast to expand 3.3 per cent this year. AFP
Economic outlook for UAE is positive, IMF says

Fiscal and external surpluses are expected to remain high on the back of elevated oil prices

EconomyJune 26, 2023
Massoud A Derhally
The Central Bank of Turkey in Ankara. Turkish President Recep Tayyip Erdogan appointed former Wall Street executive Hafize Gaye Erkan as Central Bank Governor on June 9. AFP
Turkey raises interest rate to 15% as it reverses monetary policy

This is the regulator's first policy rate increase in two years

EconomyJune 22, 2023
Massoud A Derhally
Protesters demand the release of their savings in Beirut. Hyperinflation continued for the 35th consecutive month in Lebanon. AP
Lebanon inflation hits 260% as political impasse continues

May's consumer price index was about 5.4 per cent higher in than the previous month

EconomyJune 22, 2023
Massoud A Derhally
A Taqa display at the World Future Energy Summit at Adnec in Abu Dhabi. Victor Besa / The National
Taqa to buy SWS Holding for $463 million

Deal creates a vertically integrated player with strong capabilities in delivering high-quality water treatment solutions

EnergyJune 21, 2023
Massoud A Derhally
The Abu Dhabi skyline. Reuters
UAE Central Bank holds base rate as Fed hits pause

US inflation eased to its lowest level since early 2021

EconomyJune 14, 2023
Massoud A Derhally
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