Business

TelePIX sends AI processor for satellites to space

Seoul, South Korea’s space startup TelePIX has sent an onboard artificial intelligence (AI) processor for satellites into space.

The processor, named TetraPLEX, was delivered on an Italian satellite aboard SpaceX’s Falcon 9 into orbit last Friday, a…

Bahrain All Share Index marks 1,935.80 points

Manama, Bahrain All Share Index has closed at 1,935.80 points, marking a decrease of 7.67 points below the previous closing.

This decrease was due to the drop in the financial sector and the materials sector.

Bahrain Islamic Index closed at 806.84 …

CBK announces new bonds, tawarruq worth KD 240 mln

KUWAIT, The Central Bank of Kuwait (CBK) announced on Monday the issuance of bonds and related tawarruq at a value of KD 240 million (about USD 792 million).

In a statement to KUNA, the CBK said that the securities bear a 4.375 percent rate with a t…

Tamkeen and Al-Zaytouna sign an agreement to pay insurance policies

Ramallah – Ma’an – Tamkeen Insurance Company and Al-Zaytouna Islamic Finance Company signed an agreement to pay insurance policies, according to which Al-Zaytouna Islamic Finance Company provides installment services for the value of insurance policie…