The British pound has hit the lowest point since 1985, but governor of the Bank of England Mark Carney says it’s to be expected, and the bank is well prepared for this. Carney said: “Inevitably there will be a period of uncertainty. It will take some time to establish new relationships with Europe and the rest of the world. “The Bank of England will not hesitate to take additional measures, as required as markets adjust, and as the UK economy moves forward.”
ADNOC Drilling awarded AED6.24bn contract to unlock UAE’s unconventional energy resources
ADNOC Drilling Company has been awarded a AED6.24 billion contract by ADNOC to provide drilling and associated services for the recovery of unconventional energy resources.
EHRDC offer 50 private-sector job opportunities for Emiratis
A total of 50 private sector job opportunities have been announced for Emiratis during a highly successful Career Open Day held at the Al Khawaneej Majles.
Tokyo startup to develop reusable rocket
Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.
OpenAI strikes deal to bring Reddit content to ChatGPT
Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT sending the social media platform's shares up 12 per cent in extended trade.
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