Oman

Digital Cooperation Organization to Hold 3rd General Assembly in Bahrain 

Bahrain will host the 3rd General Assembly of the Organization for Digital Cooperation (DCO) on Wednesday. Chaired by Bahrain’s Minister of Transport and Telecommunications and Chairman of the DCO Council, Mohammed bin Thamer Al Kaabi, the occasion will discuss the organization’s plans and projects to herald virtual prosperity.

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Investors see Microsoft’s inventory outpacing Apple

Thanks to Microsoft’s early leadership in artificial intelligence, the software heavyweight’s stock value is poised to decisively surpass Apple’s in the next five years, the company agreed. Thirteen institutional investors unanimously ahead of the quarterly effects of tech titans this week. Microsoft shares are up 7% so far in 2024, recently pushing its stock price above $3 trillion and dethroning Apple as the world’s most valuable company. As of Friday, the Redmond, Washington-based software maker’s market capitalization was a few billion dollars larger than Apple’s.

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Egyptian Cabinet approves end of tax privileges for state-owned enterprises

Egypt’s government on Wednesday approved a regulation that would eliminate many tax exemptions and payments for state-owned enterprises, fulfilling a key condition set through the IMF in a $3 billion deal signed a year ago. The cabinet approved the law in June but has yet to draft the executive regulations needed to put it into effect. The International Monetary Fund, in a $3 billion monetary deal signed in December 2022, suggested Egypt tick the box of the game between the personal and public sectors.

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