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Oil prices exceed $90 as dollar falls amid US-Iran tensions

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Oil prices exceed $90 as dollar falls amid US-Iran tensions

Fuel consumes third of Ryanair profits

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Fuel consumes third of Ryanair profits

Syrian Pound Stability on July 20

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Syrian Pound Stability on July 20

Musk stock tests support amid trading volume increase

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Musk stock tests support amid trading volume increase

Dar Al-Mrkaba board member resigns over governance

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Dar Al-Mrkaba board member resigns over governance
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DeepCik valued at nearly $74 billion

DeepCik valued at nearly $74 billion

Chinese artificial intelligence company DeepSeaek is preparing for a new funding round that could raise up to $7.4 billion, which would boost its valuation to around $74 billion. This follows a June fundraising of approximately $7.4 billion and other estimates valuing the company at $66.4 billion. The company is also planning to apply for a listing on the STAR Market in Shanghai before the end of the year, amid strong investor demand for one of China's leading AI firms. DeepSeaek is heavily investing in enhancing its technological capabilities, including developing its own chips and reducing reliance on external suppliers. Additionally, the participation of the Chinese government and major investors reflects Beijing's priority to support domestic AI companies in becoming global competitors and reducing dependence on foreign technology.

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