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Anthropic recently filed for an IPO which could rival SpaceX’s previous record-breaking listing. This move comes as the AI business reveales a rise in revenue and billions of dollars of infrastructure cost commitments. The Claude large language model (LLM) developer’s S-1 filing with the U.S. Securities and Exchange Commission on the 26th October offered the first detailed public look at its finances. Anthropic submitted IPO paperwork confidentially in June, allowing the agency to review the figures before their wider release. Anthropic applied to list Class A shares on the Nasdaq Global Select Market under the symbol ANT but did not…
RIYADH — The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to keep their oil output level unchanged for the third consecutive month in December. Seven OPEC+ members — Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman — made the decision in an online meeting on Sunday, OPEC said in a statement. The meeting reviewed global market conditions and outlook. The seven countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation. The OPEC+ countries confirmed expectations that more policy adjustments will not occur until next year, as the group continues to…
Today, Source: Riyadh Daily
RIYADH —The Coalition to Restore Legitimacy in Yemen carried out a precision military operation Sunday morning to neutralize vital resources used by the Houthi militia to support its war effort, coalition spokesperson Maj. Gen. Turki Al-Malki announced. In a statement issued on Sunday, Al-Malki said the operation followed continued Houthi attacks against civilians and civilian objects in Yemen and Saudi Arabia, alongside threats to maritime shipping lanes in the southern Red Sea. According to the coalition spokesperson, the Houthi militia has continued to exploit vital resources to support its military activities and strengthen its capabilities, particularly its ballistic missile and…
Tidiane Lo, Vice President, GTM, Westcon-Comstor Middle East and Africa. Tidiane Lo of Westcon-Comstor discusses why trust, partner development, and commercial discipline remain central to effective channel leadership across Africa and the Middle East. Effective channel leadership requires more than meeting quarterly targets. For Tidiane Lo, Vice President, GTM, Westcon-Comstor Middle East and Africa, sustainable growth depends on aligning vendors, partners and teams while developing the capabilities that help the wider ecosystem succeed. Speaking to Tahawultech.com, Lo reflects on the relationships and market experiences that have shaped his career across Africa and the Middle East. Drawing on themes from his book,…
(L-R) Aurelien Dif, Commercial Director DTE (EMEA and APAC) at Beontag & Steve Lockie, Managing Director of TechBridge MEA. TechBridge MEA, a leading Channel Value-Added Distributor (CVAD), recently announced a strategic distribution partnership with Beontag, a global manufacturer of self-adhesive materials and smart tags including UHF RFID, NFC and BLE, to expand access to Beontag’s portfolio across the Middle East and Africa (MEA). The partnership comes as RFID adoption continues to gain momentum across the Middle East, particularly in the GCC markets, with Saudi Arabia and the UAE emerging as key growth markets. Retail modernisation, logistics digitisation, healthcare traceability, aviation,…
Vice Minister of Foreign Affairs Waleed Elkhereiji met today with US Assistant Secretary of State Donald Blome, on the sidelines of the 22nd Manama Dialogue. The two sides reviewed ways to strengthen Saudi-US relations, as well as regional developments and the efforts made to address them. Source: Riyadh Daily
DOHA — A Qatari liquefied natural gas (LNG) carrier was struck by unidentified objects while sailing through Gulf waters Friday evening, Qatar Gas Transport Company (Nakilat) announced Sunday. The company identified the vessel as Al Mayeda and confirmed that no crew members were injured and no environmental damage occurred as a result of the incident. “None of the crew members onboard were injured, and there is no impact on the environment as a result of this incident,” Nakilat said in a statement published on the Qatar Stock Exchange. The company said the vessel remained safe and operational following the incident.…
WASHINGTON — US President Donald Trump said Saturday that he would be willing to invite Ukrainian President Volodymyr Zelenskyy to the G20 leaders’ summit in Florida in December, following Washington’s invitation to Russian President Vladimir Putin. Speaking to reporters at his Mar-a-Lago estate in Palm Beach, Florida, Trump was asked whether he would extend an invitation to Zelenskyy. “I would. I would. No problem,” Trump replied. The United States is preparing to host the G20 leaders’ summit at the Trump National Doral resort in Miami on Dec. 14-15. US Secretary of State Marco Rubio confirmed in September that Washington had…
ATLANTA — US Secretary of State Marco Rubio said Saturday that the G20 foreign ministers’ meeting in Atlanta focused on strengthening global energy security, securing critical mineral supplies and addressing vulnerabilities in international supply chains amid growing geopolitical tensions. Speaking at the conclusion of the gathering, Rubio said Washington had sought to return the G20 to its original economic mission by prioritizing practical challenges affecting economies worldwide. “This week in Atlanta, we focused on core economic, energy, technology, and supply chain challenges, and we addressed practical solutions and real outcomes,” Rubio told reporters. He highlighted the importance of securing access…